The automated passenger counting system market is expected to reach USD 298.0 million by 2022, at a CAGR of 18.6% between 2017 and 2022. The passenger information system market was valued at USD 3.7 billion in 2016 and is expected to reach USD 11.3 billion by 2022, at a CAGR of 19.9% between 2017 and 2022.
By technology, stereoscopic vision technology expected to grow at highest rate during the forecast period
The market for the stereoscopic vision technology is expected to grow at a significant rate for the automated passenger counting system market during the forecast period. The stereoscopic vision technology offers high accuracy during high-volume traffic. Its accuracy is unaffected even in tough environmental conditions such as varying environments of light, heat, and shadows; it can easily distinguish passengers from luggage and cover large entrance areas.
By application, busses segment to lead automated passenger counting system market during the forecast period
The buses application is expected to lead the automated passenger counting systems market during the forecast period due to the growing number of buses in the transportation sector. Automated passenger counting systems are increasingly being adopted in buses to ensure a reliable and safe service offering as well as for enhancing the transit operations. The increasing awareness of the benefits offered by automated passenger counting systems among fleet operators further drives the use of APC in buses. Moreover, bus transit operators are interested in determining the passenger traveling pattern to schedule the bus time and route, which further drives the adoption of passenger counting systems in buses.
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By application, roadways application to lead passenger information system market during the forecast period
The roadways application is expected to lead the passenger information systems market during the forecast period. Passenger information systems used for roadways include passenger information display systems, mobile application-based systems, infotainment systems, and passenger information announcement systems. Passenger information systems are installed at bus stations, bus shelters, bus stands, and roadsides to convey real-time information to passengers. The passenger information systems help bus agencies to manage bus operations efficiently, handle emergency situations effectively, and monitor schedules, late trips, speed violations, and so on. These are some of the factors driving the increasing use of passenger information systems in the roadways application.
By passenger information system type, the market for passenger information mobile applications to grow at highest CAGR during the forecast period
The market for passenger information mobile applications is expected to grow at the highest rate for passenger information systems during the forecast period. Some of the driving factors for the growth of passenger information mobile applications are the advancements in technology, increasing use of smartphones among passengers, and the availability of mobile applications to access information irrespective of the location, view maps, easily access station and stop layouts, detailed information including schedules, fare, route information, and so on.
Automated passenger counting & information system market, by region
Market in APAC to grow at a the highest CAGR during the forecast period
The market in APAC is expected to grow at the highest rate during the forecast period. The healthy economic growth and the increasing urbanization are some of the driving factors for the growth of the automated passenger counting and information systems market in APAC, The APAC region comprises highly populated and rapidly developing countries such as China, India, and others. The transportation sector in these countries is developing at a significant rate to match the economic and cultural standards of developed countries, which is one of the drivers for the passenger 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 countries such as India, Australia, China, and others drives the growth of the automated passenger counting and information system market.
Automated Passenger Counting System Market Dynamics
Driver: Government regulations such as requirement of ridership data from transit operators on a regular basis
Given the continuously increasing population worldwide, there is a growing need for proper management of transport services to provide services more efficiently to the passengers. Governments in many countries are taking initiatives to maintain the database of all passengers’ trips through all modes of public transports such as bus, trains, and ferries. One of the major driving factors for the market is the government regulations in some countries where the government requires the ridership data from fleet operators on a regular basis. The government agencies demand this data from transit agencies to keep track of the industry, regional development planning, trends analysis, and multi-year comparison. This mandate of providing data to government significantly drives the automated passenger counting system market. According to the Federal Transit Administration (FTA), an agency within the U.S. Department of Transportation, every transit agency is required to submit the transit data such as monthly ridership, transit trends, and so on to the National Transit Database (NTD).
Restraint: Poor infrastructure for installing passenger information systems
Even though the adoption of passenger information systems is increasing rapidly, the poor infrastructure restrains the PIS market to grow at the desired pace in rural and suburban areas. The passenger information systems require well-developed infrastructure to install the systems so that maximum passengers can be benefited. The transportation sector in the developing countries, such as China and India, is in the developing stage. Thus, it requires more time and funds to develop and match the required standards. The same situation has been observed in Latin America and African countries. The infrastructure in rural or suburban areas of these countries is not well-developed, which limits the usage of PIS systems to some extent
Opportunity: Evolving automated passenger counting system technologies
In the last few years, there has been a great deal of technological advancement in automated passenger counting systems from treadle mats to time-of-flight or stereoscopic vision. The technological advancements help provide solutions which can achieve more than 95% accuracy in passenger counting systems. The earlier passenger counting technologies such as treadle mats and infrared technology faced accuracyrelated issues when counters are mounted on a high ceiling or when installed in high-traffic environments. The accuracy also varied according to the slight variations in light or temperature. These limitations have been overcome by advanced technologies such as stereoscopic vision and time-of-flight. The technology is evolving to cater to the market demand for higher accuracy of passenger counting systems. As the automated passenger counting system providers are capable of fulfilling the demands of fleet operators regarding accuracy level, it is expected to significantly boost the adoption rate of these systems in the market in the coming years.
Challenge:Integrating passenger information system with transit vehicle
Passenger information systems provide real-time transit information to the passengers. To convey such information, a system must have relevant information. To obtain real-time information, passenger information systems must be integrated with other systems in the vehicles such as AVL, reservation systems, websites, and type of vehicle, along with access to schedules and timetable. Integrating passenger information systems with other systems is a challenging task as every system has its own security and interfacing protocols. To integrate passenger information systems, the security wall of another system would have to be breached.
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