Passenger Information System Market Size, Share, Growth Analysis, By Offering(Solutions, and services), By Location(On-board, in-station), By Transportation Mode(Railways, Roadways, and Airways & Waterways), By Region - Industry Forecast 2024-2031

North America passenger information system market held the largest demand share in 2023. Due to growing urbanization, the number of urban migrations has increased, surging the demand for efficient public transportation systems that can provide real-time information systems and can manage information is some of the driving factors for the market growth. The technological advancement in the market offers solutions that are advanced in GPS tracking, mobile applications, digital signage, and other features to better manage passenger access for real-time information. Moreover, as the emphasis on safety and security keeps growing, the market is driven by increasing demand for ensuring emergency alerts and data privacy. 

Asia Pacific passenger information system market is anticipated to grow at the fastest CAGR over the forecast period as the fast urbanization of the major growing economies in the region has heightened the demand for PIS solutions. In addition, the transformation of markets by selected technologies, particularly by the integration of IoT and AI, has disseminated passenger information, enabled context-aware services and personalization, and incentivized the use of products and services by passengers. Furthermore, the electric vehicle revolution has propelled the growth of the onboard passenger information system market in the Asia Pacific region. Increasing emphasis on public safety in the public transport system has led to the increased demand for real-time information of the journey and surging the demand for the systems with effective transit schedule updates.