Automated Passenger Information Systems Industry 2020-2027 - Display Systems and Announcement Systems to Grow at a CAGR of 20.2% and 19.3%, Respectively

News provided by

Jul 27, 2020, 08:45 ET

DUBLIN, July 27, 2020 /PRNewswire/ -- The "Automated Passenger Information Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to this 9th edition of the report. The 151-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Automated Passenger Information Systems Market to Reach US$22.1 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Automated Passenger Information Systems estimated at US$6.3 Billion in the year 2020, is projected to reach a revised size of US$22.1 Billion by 2027, growing at a CAGR of 19.7% over the analysis period 2020-2027.

Passenger Information Display Systems, one of the segments analyzed in the report, is projected to grow at a 20.2% CAGR to reach US$8.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Passenger Information Announcement Systems segment is readjusted to a revised 19.3% CAGR for the next 7-year period. This segment currently accounts for a 24.7% share of the global Automated Passenger Information Systems market.

The U.S. Accounts for Over 29.7% of Global Market Size in 2020, While China is Forecast to Grow at a 19% CAGR for the Period of 2020-2027

The Automated Passenger Information Systems market in the U.S. is estimated at US$1.9 Billion in the year 2020. The country currently accounts for a 29.66% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3.8 Billion in the year 2027 trailing a CAGR of 18.9% through 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.8% and 17.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.5% CAGR while Rest of European market (as defined in the study) will reach US$3.8 Billion by the year 2027.

Emergency Announcement Systems Segment Corners a 12.3% Share in 2020

In the global Emergency Announcement Systems segment, USA, Canada, Japan, China and Europe will drive the 18.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$617.9 Million in the year 2020 will reach a projected size of US$2 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.7 Billion by the year 2027.

Competitors identified in this market include, among others:

Cisco Systems, Inc.
Clever Devices Ltd.
DILAX Intelcom GmbH
Ermetris Srl
Eurotech S.p.A.
GMV Syncromatics
HELLA GmbH & Co. KGaA
Hitachi Ltd.
Huawei Technologies Co. Ltd.
Infodev Electronic Designers International Inc.
INIT Innovation in Traffic Systems SE
iris-GmbH infrared & intelligent sensors
Passio Technologies
Postec Technology
Retail Sensing Ltd.
Siemens AG
Traksat
Trapeze Group

Key Topics Covered

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Automated Passenger Information System: Prelude
Global Competitor Market Shares
Automated Passenger Information System Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Global Automatic Passenger Counting and Information System Market: Percentage Breakdown of Sales by Leading Players for 2019
Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Market Poised to Benefit from Growing Urbanization Trend and Consumer Need for Real-time Transit Information
Global Urban Population in Thousands by Geographic Region for the Years 2000, 2010, 2020, 2030, 2040 and 2050
Automated Passenger Counting Systems Provide Cost Benefits and Operational Advantages
Passenger Information Systems Contribute towards Significant Improvements in Passenger Satisfaction Levels
Growing Significance of Automatic Passenger Counting Systems in Simplifying Public Transportation
Evolving Expectations of Passengers Drives Demand for Automated Passenger Information Systems for Trains
Demand for Real-time Schedule Updates and Infotainment Solutions Drives Demand for Passenger Information Systems in Buses and Trains
Smart Apps Play a Vital Role in Communicating Real-Time Transit Bus Route Info to Passengers
Real-time Displays: Helping Improve Passenger Information
Advancements in Public Transport Information Systems Spur Growth
Product Overview
Automated Passenger Information System
Automated Passenger Counting System

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 47

For more information about this report visit https://www.researchandmarkets.com/r/8v4qcj

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets