The Middle East and Africa Passenger Information System Market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.1% in the forecast period of 2022 to 2029 and is expected to reach USD 1,248,120.87 thousand by 2029. Rising demand for intelligent public transportation system is boosting the market.
The raising interest for solid and exact constant travel data by travelers addresses one of the key variables moving the traveler data framework market development. Aside from this, an ascent in the interest for canny transportation frameworks, in juncture with headways in the media transmission area to empower quicker information move abilities, is likewise filling the market development. Besides, an expansion sought after for canny transportation frameworks and a flood in the reception of the Internet of Things (IoT), cloud and huge information advancements in the transportation area are driving the deals of traveler data frameworks across the globe. As of now, because of a critical ascent in the instances of the COVID-19 infection, lockdowns have been forced by states of different nations. They are advancing the reception of social removing measures to stay away from the spread of the pandemic, which is adversely affecting the market development. In any case, the market is expected to encounter development whenever predictability is recaptured.
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Competitive Landscape and Passenger Information System Market Share Analysis
Passenger information system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to passenger information system market.
Some of the major players operating in the passenger information system market are Medha Servo Drives Private Limited, Mitsubishi Electric Corporati0on, Toshiba Infrastructure Systems & Solutions Corporation, Advantech Co., Ltd., Teleste Corporation, ALSTOM, Siemens Mobility, Quester Tangent, indra, ST Engineering, Thales Group, Lunetta, Cubic Corporation, r2P GmbH, Kentkart, Tattile, Masstrans, Televic Group NV, and Icon Multimedia among others.
For instance,
- In June 2020, Mitsubishi Electric Corporation announced that it has acquired EKE-Electronics Ltd., a Finnish manufacturer of train information systems. This acquisition will allow Mitsubishi Electric to drive business collaboration with EKE-Electronics in order to enhance its train passenger information systems business in overseas market
- In July 2018, Toshiba Digital Solutions and JUNPUZI Launch Trials for AI-based Demand Responsive Rideshare Transportation System that alleviated transport access difficulties and contributed to community revitalization. This acquisition helped the company to expand its technology and portfolio.
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Passenger Information System Market Scope and Market Size
Middle East and Africa passenger information system market is segmented into four notable segments which are based on product, type, location, transportation mode. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the passenger information system market is segmented into hardware, software, and services. In 2022, the software segment is expected to dominate the market as it is
- ers can travel without investing more time in travelling.
Passenger Information System Market Country Level Analysis
The passenger information system market is analyzed and market size information is provided by the country, type, location, transportation mode, product as referenced above.
The countries covered in the passenger information system market report are the South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa. U.A.E dominates the Middle East and Africa region because of rapid growth in automotive industry and manufacturing dominance in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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