Market Overview:
The global bus destination displays market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for public transportation, rising awareness about safety and security, and growing adoption of digital signage solutions. The global bus destination displays market is segmented on the basis of type into LED displays and LCD displays. The LED display segment is expected to grow at a higher CAGR than the LCD display segment during the forecast period from 2018 to 2030. This can be attributed to factors such as low power consumption, longer life span, better readability in direct sunlight conditions, and low maintenance costs. On the basis of application, the global bus destination displays market is divided into public transports (buses & trains), schools buses, government buses, and other applications (such as corporate transportation). The public transport sector dominated the global bus destination displays market in 2017 with a share of more than 60%. This can be attributed to factors such as increasing urbanization across all regions coupled with rising investments in public transportation infrastructure projects worldwide.
Product Definition:
A bus destination display is a device used by public transportation authorities to show the name or number of the bus stop and its location. These displays are especially important in areas where there are numerous stops, as they allow passengers to identify the correct stop without having to ask a driver or fellow passenger. Bus destination displays may be electronic or manually operated, and some systems use both types of displays for different routes.
LED Displays:
LED displays are the next generation in terms of technology for all the display technologies that are used for public transport. They have a wide range of applications and find major application in destination displays such as at bus stations, metro stations, airports etc. The growth factor responsible for their high adoption rate is their low power consumption which makes them highly efficient and environment friendly. Besides this they also offer better readability under sunlight which was earlier not possible with conventional LCD or plasma displays.
LCD Displays:
LCD displays are a series of flat panels that display information in the form of text and images. They are available in different sizes, shapes, and resolutions. LCDs can be used for various applications such as computers, television sets, smartphones & tablets etc. The global market for LCD displays is driven by growing demand from end-use industries such as automotive & transportation and consumer electronics among others.
Application Insights:
The public transport buses and trains segment dominated the global bus destination displays market in 2017. This is attributed to the growing number of inter-state highways and railways across various regions, which facilitate easy access to major cities. Moreover, governments are making efforts towards improving public transportation systems by introducing new technologies such as Wi-Fi connectivity and mobile ticketing systems for buses. These initiatives are expected to increase passenger travel on inter-state highways and railway networks, thereby positively influencing the growth of this segment over the forecast period.
The schools buses application segment is projected to witness significant growth over the next six years owing to increasing demand from parents for better education facilities at an affordable cost across all developing countries including China India Brazil etc.
Regional Analysis:
Asia Pacific dominated the global bus destination displays market in 2017. This can be attributed to increasing number of cities having high population, rapid urbanization, and rising disposable income. Furthermore, growing popularity of public transport services owing to better connectivity with other modes of transportation is expected to drive the regional market over the forecast period. Europe is also anticipated to witness significant growth over the coming years due to increasing focus on sustainable travel practices by government organizations such as Department for Transport (DfT) and European Union (EU). Moreover, introduction of new technologies such as Information Communication Technologies (ICT)-based passenger information systems will boost industry growth in this region. North America is projected to exhibit a CAGR exceeding 5% during the forecast period owing its presence in major cities across countries including Canada and U.S.
Growth Factors:
- Increasing demand for public transportation: The global population is growing at a rapid pace and this is resulting in an increase in the demand for public transportation. This will lead to an increase in the demand for bus destination displays.
- Technological advancements: Bus destination displays are becoming more and more technologically advanced, with features such as real-time information, GPS tracking, and passenger counting. This will lead to an increase in their adoption rate.
- Government initiatives: Governments around the world are investing heavily in public transportation infrastructure projects. This is resulting in the installation of bus destination displays across many cities and townships worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bus Destination Displays Market Research Report
By Type
LED Displays, LCD Displays
By Application
Public Transports (Buses & Trains), Schools Buses, Government Buses
By Companies
Luminator, Hanover, Transign, Aesys Inc., LECIP Group, McKenna Brothers, DYSTEN, KAMAL & CO., Top Shine Electronics, DAN Electronic System, Zhongzhigu Electronic Technology, Amco Advanced Technologies, Efftronics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Bus Destination Displays Market Report Segments:
The global Bus Destination Displays market is segmented on the basis of:
Types
LED Displays, LCD Displays
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Public Transports (Buses & Trains), Schools Buses, Government Buses
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Luminator
- Hanover
- Transign
- Aesys Inc.
- LECIP Group
- McKenna Brothers
- DYSTEN
- KAMAL & CO.
- Top Shine Electronics
- DAN Electronic System
- Zhongzhigu Electronic Technology
- Amco Advanced Technologies
- Efftronics
Highlights of The Bus Destination Displays Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- LED Displays
- LCD Displays
- By Application:
- Public Transports (Buses & Trains)
- Schools Buses
- Government Buses
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bus Destination Displays Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bus destination displays are a type of electronic sign that show the name and location of the next bus stop along a route.
Some of the major players in the bus destination displays market are Luminator, Hanover, Transign, Aesys Inc., LECIP Group, McKenna Brothers, DYSTEN, KAMAL & CO., Top Shine Electronics, DAN Electronic System, Zhongzhigu Electronic Technology, Amco Advanced Technologies, Efftronics.
The bus destination displays market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bus Destination Displays Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bus Destination Displays Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bus Destination Displays Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bus Destination Displays Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bus Destination Displays Market Size & Forecast, 2018-2028
4.5.1 Bus Destination Displays Market Size and Y-o-Y Growth
4.5.2 Bus Destination Displays Market Absolute $ Opportunity
Chapter 5 Global Bus Destination Displays Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bus Destination Displays Market Size Forecast by Type
5.2.1 LED Displays
5.2.2 LCD Displays
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bus Destination Displays Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bus Destination Displays Market Size Forecast by Applications
6.2.1 Public Transports (Buses & Trains)
6.2.2 Schools Buses
6.2.3 Government Buses
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bus Destination Displays Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bus Destination Displays Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bus Destination Displays Analysis and Forecast
9.1 Introduction
9.2 North America Bus Destination Displays Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bus Destination Displays Market Size Forecast by Type
9.6.1 LED Displays
9.6.2 LCD Displays
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bus Destination Displays Market Size Forecast by Applications
9.10.1 Public Transports (Buses & Trains)
9.10.2 Schools Buses
9.10.3 Government Buses
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bus Destination Displays Analysis and Forecast
10.1 Introduction
10.2 Europe Bus Destination Displays Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bus Destination Displays Market Size Forecast by Type
10.6.1 LED Displays
10.6.2 LCD Displays
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bus Destination Displays Market Size Forecast by Applications
10.10.1 Public Transports (Buses & Trains)
10.10.2 Schools Buses
10.10.3 Government Buses
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bus Destination Displays Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bus Destination Displays Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bus Destination Displays Market Size Forecast by Type
11.6.1 LED Displays
11.6.2 LCD Displays
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bus Destination Displays Market Size Forecast by Applications
11.10.1 Public Transports (Buses & Trains)
11.10.2 Schools Buses
11.10.3 Government Buses
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bus Destination Displays Analysis and Forecast
12.1 Introduction
12.2 Latin America Bus Destination Displays Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bus Destination Displays Market Size Forecast by Type
12.6.1 LED Displays
12.6.2 LCD Displays
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bus Destination Displays Market Size Forecast by Applications
12.10.1 Public Transports (Buses & Trains)
12.10.2 Schools Buses
12.10.3 Government Buses
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bus Destination Displays Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bus Destination Displays Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bus Destination Displays Market Size Forecast by Type
13.6.1 LED Displays
13.6.2 LCD Displays
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bus Destination Displays Market Size Forecast by Applications
13.10.1 Public Transports (Buses & Trains)
13.10.2 Schools Buses
13.10.3 Government Buses
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bus Destination Displays Market: Competitive Dashboard
14.2 Global Bus Destination Displays Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Luminator
14.3.2 Hanover
14.3.3 Transign
14.3.4 Aesys Inc.
14.3.5 LECIP Group
14.3.6 McKenna Brothers
14.3.7 DYSTEN
14.3.8 KAMAL & CO.
14.3.9 Top Shine Electronics
14.3.10 DAN Electronic System
14.3.11 Zhongzhigu Electronic Technology
14.3.12 Amco Advanced Technologies
14.3.13 Efftronics
