Market Overview
The global automated passenger counting system market is poised to have a significant growth at a notable 20% CAGR over the assessment period (2016-2022). Automated passenger counters or APC are electronic devices that can be installed on transit vehicles namely rail vehicles and buses in order to record the boarding as well as alighting data accurately. This technology has worked wonders to augment the reliability and accuracy to track transit ridership compared to traditional manual accounting methods by drivers random surveying for an estimation. The best part, automated passenger counting systems work consistently even in situations which are not much clear including group movement, two people getting on together and people moving towards the door area for freeing up space for co-passengers.
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There are plentiful factors that is boosting the growth of the automated passenger counting system market. These factors as per the Market Research Future (MRFR) report include growing need for real-time transit information, growing use of advanced solutions particularly in the transport segment, perks provided to transit operators to optimize operational cost, regulations laid down by the government namely the need of ridership data regularly from transit operators, mushrooming demand for telematic solutions and growing requirement for fleet optimization. The additional factors that are boosting market growth include growing technological advancements namely real-time bus updates and location, growing urbanization, and improves transit time efficiency. On the other hand, lack of awareness concerning the perks of using automated passenger counting systems, scarcity in the availability of appropriate infrastructure accessibility for implementing such systems, high initial costs, and concern regarding reliability and accuracy of data may hinder the growth of the automated passenger counting system market over the assessment period.
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.
Segments:
MRFR report provides an extensive segmental analysis of the automated passenger counting system market on the basis of technology, end-user and application.
- Based on technology, it is segmented into IP cameras, time-of-flight, stereoscopic vision and infrared. Of these, stereoscopic vision technology is predicted to have the largest share in the automated passenger counting system market over the assessment period.
- Based on application, the automated passenger counting system market is segmented into airways, roadways and railways. Of these, railways will dominate the market over the assessment period due to requirement for real-time information associated to infotainment services, advertisements, emergency announcements, current location, train delays and train timetables.
- Based on end-users, it is segmented into ferry boats, trains, buses and others.
Regional Analysis:
By region, the automated passenger counting system market covers growth opportunities and latest trends across Europe, North America, Rest of the World and Asia Pacific. Of these, North America will govern the automated passenger counting system market over the assessment period followed by Europe. Germany, Italy and France are the key contributors in the European region. The automated passenger counting system market in the APAC region is predicted to grow at the fastest pace. India and China are the key contributors here. The factors propelling the growth of the market in this region include growing urbanization, healthy economic growth, huge infrastructural transformation and huge investments made by the government for developing and improving transit services. On the contrary, the automated passenger counting system market in the Rest of the World are predicted to have a moderate growth over the assessment period.
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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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