Automated Passenger Information System Market Growth Analysis 2024: Forecast Market Size And Key Factors Driving Growth

Overview and Scope
An automated passenger information system (APIS) is an electronic system that provides real-time information to passengers, including predictions about arrival and departure times, disruptions, and other relevant information. It enhances the travel experience by offering timely information through platforms like physical displays in transportation hubs or remote access via web browsers or mobile devices.

Sizing and Forecast
The automated passenger information system market size has grown rapidly in recent years. It will grow from $10.18 billion in 2023 to $12.02 billion in 2024 at a compound annual growth rate (CAGR) of 18.%.  The growth in the historic period can be attributed to government regulations and initiatives, passenger numbers, special events, regulatory changes, past passenger data.

The automated passenger information system market size is expected to see rapid growth in the next few years. It will grow to $21.6 billion in 2028 at a compound annual growth rate (CAGR) of 15.8%.  The growth in the forecast period can be attributed to growing populations in cities, demand for public transportation systems, demand for reliable and convenient information systems, public transportation networks. Major trends in the forecast period include integration of real-time data, enhanced personalization, multimodal connectivity, predictive analytics, smart infrastructure integration.

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/automated-passenger-information-system-global-market-report

Segmentation & Regional Insights
The automated passenger information system market covered in this report is segmented –

1) By Type: Passenger Information Display Systems, Emergency Communication Systems, Passenger Information Announcement Systems, Infotainment Systems, Passenger Information Mobile Applications, Other Types
2) By Component: Hardware, Software
3) By Application: Buses, Trains, Ferryboats, Other Applications
4) By End-User: Private Transportation Operators, Public Transport Authorities

North America was the largest region in the automated passenger information system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated passenger information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14261&type=smp

Major Driver Impacting Market Growth
Rising demand for public transport is expected to propel the growth of the automated passenger information system market going forward. Public transport refers to the organized transportation system made available for use by the general public, typically managed on a scheduled basis and operating on established routes. With urban expansion, the demand for effective transportation systems increases to facilitate the movement of a large population within cities. Automated passenger information systems are utilized in various modes of public transport to enhance efficiency and provide real-time information to passengers. For instance, in December 2023, according to the National Statistics Institute (Instituto Nacional de Estadística), a Spain-based government agency providing demography and economy statistics, in 2023, the number of public transport passengers increased by 12.1% compared to 2022. The annual growth rates for urban and inter-city transit stood at 15.4% and 10.1%, respectively. Therefore, rising demand for public transport is driving the automated passenger information system market.

Key Industry Players
Major companies operating in the automated passenger information system market are Huawei Technologies Co. Ltd., Hitachi Ltd., Siemens AG, Cisco Systems Inc., Mitsubishi Electric Corporation, Thales Group, ALSTOM Holdings, GE Transportation, Indra Sistemas S.A., Advantech Co. Ltd., Cubic Corporation, Teleste Oy, Eurotech SpA, Postec Technology, Clever Devices Ltd., Trapeze Group, Infodev Electronic Designers International, Quester Tangent Corporation, DILAX Intelcom GmbH, Iris-GmbH, EKE-Electronics Ltd., GMV Syncromatics, ICON Multimedia SL, Retail Sensing Ltd., Efftronics Systems Pvt. Ltd., Urban Transportation Associates, LOT Group, Lunetta, Medha Servo Drives Private Limited, Passio Technologies Inc., r2p GmbH

The automated passenger information system market report table of contents includes:

1. Executive Summary
2. Automated Passenger Information System Market Characteristics
3. Automated Passenger Information System Market Trends And Strategies
4. Automated Passenger Information System Market – Macro Economic Scenario
5. Global Automated Passenger Information System Market Size and Growth
.
.
.
32. Global Automated Passenger Information System Market Competitive Benchmarking
33. Global Automated Passenger Information System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automated Passenger Information System Market
35. Automated Passenger Information System Market Future Outlook and Potential Analysis
36. Appendix

Explore the trending research reports from TBRC:
https://www.thebusinessresearchcompany.com/report/automated-test-equipment-global-market-report
https://www.thebusinessresearchcompany.com/report/automated-dispensing-machines-global-market-report
https://www.thebusinessresearchcompany.com/report/automated-guided-vehicle-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model