Global Passenger Information System Market 2019-2025
発行: Orion Market Research Pvt Ltd
Global Passenger Information System Market Size, Share & Trends Analysis Report by Mode of Transportation, (Airways, Roadways, and Waterways), Impact of COVID-19 on Passenger Information System Industry, and Forecast 2019-2025
The global passenger information system industry provides passengers with real-time information regarding transportation in the form of visual, voice or any other media. These passenger information system products are widely used by consumers to enhance their connectivity with the transportation system. The factors that were fuelling the growth of the market before the COVID-19 pandemic include the growing uses of smartphones coupled with the increased demand for providing better passenger experience among various transport providers. Additionally, continuous development in the field of 4G and 5G technologies has also contributed significantly to the growth of the passenger information system.
However, with the outbreak of COVID-19 since December 2019, the market of the global passenger information system industry has shown declining results in the growth rate. The passenger information system industry has suffered most due to the lockdown situation going on across the globe. Additionally, numerous modes of transportation such as railway and airplanes were also shut down completely or partially in many countries all across the globe as a preventive measure to restrict the COVID-19 spread.
The global passenger information system industry report is segmented based on the mode of transportation into airways, roadways, and waterways. Almost all the segments of the passenger information system industry have experienced a considerable downfall during the outbreak due to the government's guideline to reduce the travel. However, the most affected segment due to the COVID-19 pandemic is the aviation sector as most of the international as well as domestic flights have been cancelled or operating at very low volume.
Effect of COVID-19 on the passenger information industry can be observed in each region including North America, Europe, Asia Pacific and Rest of the World. In the US, the lockdown situation is going on for a long period of time as per the government guidelines. No foreign person is allowed in the country from the countries with infected people that are leading to a decline in travel rate. Europe is one of the most affected regions due to COVID-19, which results in governments has to ban traveling in various countries. Additionally, the downfall of the passenger information system industry was also experienced in Asia-Pacific. Major economies including China and India are restricting all the foreign as well as most of the domestic travels in their respective countries to confine the spread of COVID-19.
Key companies getting affected in the market include GE Transportation, Cisco Systems, Inc., Hitachi, Ltd., Huawei Technologies Co., Ltd., Siemens AG and many more. Passenger information system companies such as GE Transportation has experienced some major setbacks in the market. In order to manage COVID-19 effectively, the company is considering stronger project execution and operational improvement as its top priorities for 2020 goals.
OMR global recently published a report addressing the impact of COVID-19 on the global passenger information system industry. The study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, laws and policies, consumer behavior and macro-economic factors. The report includes analysis of different regions and countries and the effect of COVID-19 on the passenger information system industry of each respective region. Besides, an expected recovery timeline of the industry will also be included with the best- and worst-case scenario which will aid clients to take their future steps in the decision-making process.
The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
The Report Covers: