Press release
Passenger Information System Market in North America: Opportunities and Forecast, 2021 to 2028
North America Passenger Information System Market was valued at US$ 5,912.57 million in 2019 and is projected to reach US$ 13,257.96 Mn by 2027 with a CAGR of 10.7% from 2020 to 2027.The North American region constitutes developed economies such as the U.S. and Canada, and Mexico as a developing nation. North America is considered to be one of the most advanced regions with regards to advanced technology adoption and network infrastructure. Governments in this region are taking various initiatives to digitalize and improve the information system across the public transport sector. Furthermore, most transport sectors have implemented passenger information system solutions and services in the region on a large scale as the network connectivity is available in every corner. Rising ridership in public transport is also propelling the demand for passenger information system solutions in North America. North American countries highly focus on development in transportation infrastructure coupled with high investments in intelligent transportation systems made by private and public sector companies. According to the U.S. Department of Transportation, in 2018, the department invested a total of USD 63.9 billion in major transportation infrastructure projects across the country.
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Top Key Players Listed in the North America Passenger Information System Market 2020 - 2027 Report Are:
Alstom
Cisco Systems Inc.
Cubic Corporation
Hitachi, Ltd
Huawei Technologies Co., Ltd
Singapore Technologies Engineering Ltd.
Teleste Corporation
Thales Group
Wabtec Corporation
In this report, the market has been segmented on the basis of:
North America Passenger Information System Market, by Component
Solution
Services
North America Passenger Information System Market, by Location
On Board
In Station
North America Passenger Information System Market - by Mode of Transportation
Roadways
Railways
Waterways and Airways
North America Passenger Information System Market - by Functional Model
Multimedia display
Audio Systems
Computing Systems
Networking and Communication Devices
Video Surveillance
Content Management Systems
The North America Passenger Information System Market 2020 - 2027 Competitive Viewpoint:
This analysis is a useful resource for investors, shareholders, industry planners, and new and existing businesses trying to broaden their reach within the current Market situation. While focusing on top companies and their corporate strategies, market presence, operative segmentation, aggressive outlook, geographical growth, pricing and price structures, the study painstakingly takes into consideration the market analysis.
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• Understand the Current and future of the North America Passenger Information System Market in both Established and rising markets.
• The report enlightens the massive patterns, causes, and impact factors globally and regionally.
• The latest developments within the North America Passenger Information System market and details of the industry leaders alongside their market share and methods.
• It looks into vital developments like extensions, agreements, new product launches, and acquisitions on the horizon.
• Analysis the market's potential, preferred position, opportunity, difficulty, restrictions, and hazards on a world and regional level.
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