The future of the global
transit station display board market looks promising with
opportunities in the railway station, metro station, airport, and bus stand
markets. The global transit station display board market is expected to reach
an estimated $177.9 billion by 2030 with a CAGR of 4% from 2024 to 2030. The
major drivers for this market are growing use of digital signage in the
transportation industry, heightened attention on intelligent transportation
systems, and increasing use of linked devices and internet of things (IoT)
technologies.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the transit station display
board market by type (single line display board, multiple display board,
platform display board, and TV display board), application (railway stations,
metro stations, airports, and bus stands), and region (North America, Europe,
Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, single
line display board, multiple display board, platform display board, and TV
display board are the major segments of transit station display board market by
type.
Lucintel forecasts that
single-line display board will remain the largest segment over the forecast
period because it is used in train stations to announce trains' arrival and
departure in a pleasant voice, has the ability to simply follow the bus route
is also helpful to the operating team.
Within this market,
railway stations will remain the largest segment because in stations, nearly
every kind of transit display board system is being used for a variety of
functions.
North America will
remain the largest region over the forecast period due to increasing number of
technology developments and record-high investment levels in the region's
network infrastructure development.
Swarco, Ortana, Roctec
Technology, Nexcom, Efftronics, Hitachi, Gds Group, Toyo Denki, Toshiba
Infrastructure, and Aesys are the major suppliers in the transit station
display board market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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