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The LAMEA Passenger Information System Market would witness market growth of 16.3% CAGR during the forecast period (2018-2024). Passenger information system is a set of IT systems and hardware components which are used to provide real-time information to passengers about the state and nature of a transport service through voice, visual, and media devices. Additionally, the technology is used in entertainment & news services and information on estimated arrival & departure schedules, which eventually lead to enhanced user experience during the journey. Information related to real-time vehicle location & status updates, journey schedule, and timely announcements are delivered with this platform. Growing awareness about offering enhanced traveling experience to passengers would add to the growth of the market during the forecast period.
Based on the component, the market is segmented into Hardware, Software and Services. Based on Mode of Transportation, the market is segmented into Roadway, Railway and Airway. Based on Solution Type, the market is segmented into Information Display System, Announcement System, Passenger Information Mobile Applications, Infotainment System and Emergency Communication Systems. Based on Countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA. The market research report covers the analysis of key stake holders of the market.
Key companies profiled in the report include Alstom SA, Cubic Corporation, Hitachi, LTD., Mitsubishi Electric Corporation, Siemens AG, Thales Group S.A., Toshiba Corporation, Singapore Technologies Electronics Ltd., Teleste Corporation and Indra.