According to a recent report published by Allied Market Research, titled, Passenger Information System Market by Component, Solutions, and Mode of Transportation: Global Opportunity Analysis and Industry Forecast, 2018 - 2025, the global passenger information system market was valued at $13,703 million in 2016, and is projected to reach at $45,679 million by 2025, growing at a CAGR of 14.60% from 2018 to 2025.
Passenger Information System Market acts as the communication link between a transit agency and passengers. It enables to deliver information related to real-time vehicle location & status updates, schedule of journey, and timely announcements. Along with these functionalities, it focuses on improvement of the transit experience for passengers by entertaining the passengers through infotainment systems.