The passenger information system, or PIS, is a customized program that provides passengers with pertinent real-time information about the status of various modes of transportation, including buses, trains, and airplanes. The PIS system is essentially an operational tool that provides passengers at various travel facilities with audio and visual information. This system allows for the management of route-related data across several platforms, including screens, indication panels, and others. Additionally, various devices can access this system, including laptops, phones, and internet-connected gadgets. The web application shows methods for organizing trips and current scheduling information.
One of the major factors driving the passenger information system industry expansion for traveler data frameworks is the growing need for passengers for accurate and reliable continual travel data. In addition, a rise in demand for smart transportation systems, combined with advancements in media transmission to enable faster information transfer capabilities, is fueling the development of the passenger information system industry. Additionally, the demand for smart transportation systems is growing, and the Internet of Things (IoT), the cloud, and significant information improvements in the transportation sector are boosting the sales of traveler data frameworks worldwide.
The expanding transportation infrastructure worldwide is the main element driving the passenger information system industry. Growing digitization in transit operations may be seen as an opportunity despite the complexity of the integration across older infrastructure and communication networks. Strict transportation regulatory policies can be a hindrance in the development of the passenger information system industry. COVID-19's effects on the raw material supply chain have created additional difficulties that must be overcome.
The Passenger Information System Industry is expected to reach USD 64.51 billion by 2026 and grow at a minimum CAGR of 12.14 percent between 2020 and 2030.
Factors Affecting the Growth of the PIS System:
- The passenger information system industry is changing from hardware-reliant systems to software-only solutions. Transportation companies are increasingly embracing SaaS systems due to the advantages of ongoing innovation and cost efficiency. Several agencies have noticed an improvement in their overall performance after implementing SaaS solutions.
- The passenger information system market players are keeping an eye on the increasing potential of mobile apps and creating apps that use less storage space and need less time to learn on mobile devices. Flexibility in content management in onboard passenger information systems has become crucial for transportation firms.
- The growing demand for real-time passenger information systems across all modes of transportation, including sea, air, road, and rail, is a significant driver projected to fuel the growth of the global passenger information system industry. Commuters can get real-time vehicle position information thanks to the AVL integration with public transportation systems. This enables them to determine the precise arrival time of public transit vehicles and accordingly organize their schedule.
Examples of the Latest Developments in the Passenger Information System Industry:
- A Finnish company that makes train information systems, EKE-Electronics Ltd., was purchased by Mitsubishi Electric Corporation in June 2020. Through this transaction, Mitsubishi Electric can expand its commercial partnership with EKE-Electronics and grow its train PIS system business in international markets.
- Trials for an AI-based demand-responsive rideshare transportation system were launched in July 2018 by Toshiba Digital Solutions and JUNPUZI, which reduced transportation access issues and promoted neighborhood redevelopment. The company's technology and portfolio were both expanded due to this acquisition.
GoMedia, a British provider of entertainment management systems, debuted VISOR on October 17, 2022. VISOR was created in collaboration with RNIB and Icomera AB, a Swedish manufacturer of telecommunications equipment. To display instructions in the NaviLens and NaviLens GO apps, VISOR uses GoMedia's live cloud-based PIS system and NaviLens BIDI codes.
