Automated Passenger Counting System Global Market – Overview
The global automated passenger counting system market is showing immense growth; mainly due to the increased adoption of advanced solutions in the transport sector. Also, increasing demand for real-time transit information and growing demand for safety of passengers is another major factor responsible for driving the growth of automated passenger counting system market.
Technological advancements have played a major role in the development of automated passenger counting system. Increasing government regulations such as requirement of ridership data from transit operators on a regular basis is another major factor responsible for driving the growth of automated passenger counting system market. Iris-GmbH, HELLA Aglaia Mobile Vision GmbH, Eurotech S.p.A., DILAX Intelcom GmbH, Infodev Electronic Designers International Inc., Cisco Systems, Inc., Siemens AG, Hitachi, Ltd., and Huawei Technology Co., Ltd. are the major investors in the Automated Passenger Counting System Market.
Based on technology, stereoscopic vision technology is expected to grow at the highest rate during the forecast period. This is owing to the high level of accuracy being offered by stereoscopic vision technology. Whereas based on application, the railways sub segment is expected to hold the largest market share of the automated passenger counting system market during the forecast period. According to a recent study report published by Market Research Future, the global market of automated passenger counting system is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023).
However, lack of awareness of the benefits being offered by automated passenger counting systems and lack of infrastructure in order to install automated passenger counting systems are major factors that may cause hindrance in the growth of automated passenger counting system market. Also, integrating passenger information system with transit vehicles is another factor that may hamper the market growth.
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Industry News
June 2017 – Koleje Mazowieckie has started operating DILAX’s automatic passenger counting systems. The company has equipped 69 vehicles with automated people counting systems. The system provided by DILAX is compatible with previously installed systems in Koleje Mazowieckie vehicles.
November 2017 – Smart Restroom systems are deployed at George Bush Airport, U.S. Each restroom location comprises of passenger counting system, predictive analytics, and real time alerting.
Key Players
The key players of global automated passenger counting system market report include Ris-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), Clever Devices Ltd. (U.S.), Retail Sensing Ltd. (U.K.), Syncromatics Corp. (U.S.), and Trapeze Group (Canada) and others.
Automated Passenger Counting System Global Market – Segmentation
The automated passenger counting system market can be classified into 4 key segments for the convenience of the report and enhanced understanding;
- Segmentation by Type: Comprises of Passenger Information Display Systems, Passenger Information Announcement Systems, Emergency Announcement Systems, Infotainment Systems and Passenger Information Mobile Application
- Segmentation by Technology: Comprises of Infrared, Stereoscopic Vision, Time-of-Flight and Others
- Segmentation by Application: Comprises of Railways, Roadways and Airways
- Segmentation by Region: Comprises of Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
Automated Passenger Counting System Global Market – Regional Analysis
Asia Pacific is expected to witness a significant growth and hold the largest market share during the forecast period. Ease of integration of automated passenger counting systems with other solutions is another major factor driving the growth of automated passenger counting system market in Asia Pacific region. Automated passenger counting system market in North America is expected to grow at a substantial CAGR during 2017 to 2023 due to increasing use of internet-based services for timely transit updates in the region. Automated passenger counting system market in North America is expected to grow at a substantial CAGR during 2017 to 2023 due to rise in demand for advanced solutions in the transport sector in the region. Also, the presence of established key players such as Infodev Electronic Designers International Inc. and Cisco Systems, Inc. is responsible for fuelling the growth of automated passenger counting system market. Whereas, the Europe market for automated passenger counting system is expected to grow at a considerable CAGR (2017-2023).
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Intended Audience
- Automated passenger counting system Manufacturers
- Distributors
- Research firms
- Consultancy firms
- Software Developers
- Vendors
- Semiconductor Manufacturers
- Stakeholders
- End-user sectors
- Technology Investors
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