Technavio’s market research analysts estimate the global passenger IS market to generate revenue worth $20 billion between 2015 and 2019. The rapid advances in smartphones and handheld devices have propelled the development of IS (information systems) for passengers to enhance their traveling experience. North Americas dominates the global market for passenger IS, accounting for around 30% of the overall market share. The high adoption of passenger IS on a large scale is driven by the availability of network connectivity across the region.
The new market research report from Technavio provides a breakdown and analysis of the passenger IS segments by technology.
“To overcome the growing problem of traffic congestion, various public transport services are offering real-time information to passengers. Passenger IS includes several useful features such as emergency notification, passenger/public announcement, infotainment, and mobile applications. Passenger IS allow passengers to get the most relevant information concerning the status of all kinds of transport mediums such as trains, airplanes, roadways buses, and cabs,” says Navin Rajendra, Lead Analyst, ICT, Technavio Research.
The market forecast predicts an upsurge in the demand for hardware components such as panels, control servers, and other communication systems over the next four years. Passengers IS components comprises of integrated systems such as multimedia displays and announcements, flight and train controls, networking and communication systems and sensors. These components act as the first point of contact for passengers to access information at flight terminals, train stations, and roadway transits.
The leading vendors in the global passenger IS market include Alstom, Siemens, Huawei Technologies. Hitachi, Cubic Transportation and GE Transportation. Market vendors will look to leverage the growing demand for passenger information systems in airports. Adoption of new emerging technologies at airports for enhanced efficiency is one of the major trends in the airport IT market. This report predicts, technologies such as beacon, geo-location, 3D face recognition, backscatter x-ray machines, bar coded boarding passes, thermal sensors, and video analytics to be implemented in several airports across the globe in the next four years.
A more detailed analysis is available in the Technavio report, Global Passenger IS Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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