Automated Passenger Counting and Information System Market Size, Growth, Trend and Forecast to 2022
The automated passenger counting system market was valued at 105.3 Million in 2016 and is expected to reach USD 298.0 Million by 2022, growing at a CAGR of 18.6% between 2017 and 2022. The base year considered for the study is 2016 and the forecast period is between 2017 and 2022.
The passenger information system market was valued at 3.71 Billion in 2016 and is expected to reach USD 11.34 Billion by 2022, growing at a CAGR of 19.9% between 2017 and 2022. The base year considered for the study is 2016 and the forecast period is between 2017 and 2022.
This report provides a detailed analysis of the automated passenger counting and information system market based on APC technology, APC application, PIS type, PIS applications, and geography. The report forecasts the market size, in terms of value, of various segments with regard to four main regions: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). It strategically profiles the key players and comprehensively analyzes their market rankings and core competencies, along with the detailed competitive landscape for the market leaders.
The stereoscopic vision technology-based passenger counting system has a high accuracy of more than 95%. These systems are capable of counting and monitoring entrance and exit traffic separately while differentiating between adults, children, and luggage. Moreover, they are capable of counting multiple passengers entering at a time. This technology can cover the widest entrance area for passenger counting, and the accuracy is unaffected by tough environmental conditions such as varying lighting, temperature conditions, and so on.
Bus transit operators are interested in determining the passenger traveling pattern, such as when, how, and how often the passenger travels, to schedule the bus time and route. The government regulations to provide ridership data, increasing adoption of APC in the developing countries, and integration of APC with other technologies are some of the drivers for the growth of passenger counting systems in buses.
In the railways application, passenger information systems installed in ticket halls, on platforms, in trains, and train stations are included. The passenger information systems provide real-time information related to trains’ timetables, train delays, current location, emergency announcements, advertisements, and infotainment services. The delivery of real-time passenger information to targeted passengers is challenging, and passenger information systems help transit operators to deliver information and offer a better traveling experience to riders.
The APAC region comprises highly populated and rapidly developing countries such as China, India, and so on. These countries are investing huge amounts of money for developing the transportation sector to match the economic and cultural standards of developed countries, which would drive the automated passenger counting and information system market in the region. The increasing adoption of automated passenger counting and information systems in transit vehicles, including trains, metros, and buses, in the countries such as India, Australia, China, and others spurs the growth of the automated passenger counting and information system market.
The major players in the automated passenger counting and information system market include Iris-GmbH (Germany), HELLA Aglaia Mobile Vision GmbH (Germany), Eurotech S.p.A. (Italy), DILAX Intelcom GmbH (Germany), Infodev Electronic Designers International Inc. (Canada), Cisco Systems, Inc. (U.S.) Siemens AG (Germany), Hitachi, Ltd. (Japan), Huawei Technology Co., Ltd. (China), init innovation in traffic systems AG (Germany), Clever Devices Ltd. (U.S.), Retail Sensing Ltd. (U.K.), Syncromatics Corp. (U.S.), and Trapeze Group (Canada).