Automated Passenger Counting Market Growth, Manufacturers, Dynamics, Overview, Revenue 2027

Comments · 56 Views

At a CAGR of 9.4%, the Automated Passenger Counting and Information System Market Size is anticipated to increase in size from USD 8.0 billion in 2022 to USD 12.5 billion in 2027.

From 2020 to 2027, the Automated Passenger Counting System Market is anticipated to expand at a CAGR of 13.2%. The market for passenger information systems, which was valued at USD 7.0 billion in 2019, is anticipated to increase at a CAGR of 12.5% to reach USD 8.9 billion by 2027.

The growth of the Automated Passenger Counting and Information System is primarily driven by government regulations regarding the requirement of transit data, a surge in demand for advanced solutions in the transportation industry, the deployment of automated passenger counting systems to optimise operational costs of transit agencies, and increased demand for real-time transit information from passengers and proper fleet management by transit vehicle operators as a result of COVID-19.

Major Tier I and II players such as iris-GmbH Infrared Intelligent Sensors (Germany), HELLA Aglaia Mobile Vision GmbH (Germany), Eurotech (Italy), DILAX Intelcom GmbH (Germany), and Infodev Electronic Designers International Inc. are present in the market for automated passenger counting and information systems (Canada). These companies' manufacturing bases are dispersed across numerous nations in Asia Pacific, Europe, North America, and RoW. Their businesses have been harmed by COVID-19 as well. Due to COVID-19, a number of player manufacturing plants have closed. The key respondents predicted that COVID-19 will have a short-term impact, hence the pandemic is projected to last up until the fourth quarter of 2020 at the earliest. Therefore, the COVID-19's effect on lockdown extensions in different nations around the world has not been taken into account in this analysis.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=17856390

Due to COVID-19, there is a rise in the need for real-time transit information from passengers and proper fleet management from transit vehicle operators.

The COVID-19 epidemic has increased the importance of automated passenger counting. The capacity of these systems to display real-time occupancy levels in cars encourages users of public transportation to adhere to the social distance standards. Several nations have passed laws restricting the number of passengers allowed to ride in public transportation vehicles in order to protect both drivers and passengers. Systems for counting videos are also employed. On metres, smartphones, web browsers, and other devices, they display the number of passengers in real-time. Bus door cameras and sensors are connected to counting unit software, which counts the number of enters and exits from each bus. In order to safeguard their privacy, these counters store passenger numbers without their identities.

The Automated Passenger Counting System Market's Stereoscopic Vision Segment is anticipated to experience the highest CAGR growth during the time of forecasting.

For the past few years, stereoscopic vision technology has grown in popularity as a result of its ability to accurately acquire information from massive amounts of traffic data. Additionally, this device can quickly determine which way passengers are travelling. Bus drivers can also ascertain the precise number of passengers at each stop or during each trip thanks to stereoscopic vision technology. As automated passenger counting systems make it possible to compare the number of passengers to the tickets issued, it aids in boosting bus operators' income.

Bus firms can quickly generate reports and track ridership trends over time for external funding organisations and transit authorities like the Federal Transit Administration with automated passenger counting (FTA). The automated passenger counting system market's stereoscopic vision technology sector is anticipated to expand significantly over the next few years as a growing number of bus companies use automated passenger counting systems in their vehicles as a standard.

Speak To Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=17856390

From 2020 to 2027, the market for automated passenger counting systems is expected to be led by the bus segment.

In a number of nations, including the United States, Canada, Germany, the United Kingdom, China, India, and Australia, buses are the main form of public transportation. They have passenger counting systems in place to improve their transport operations and provide customers with dependable and safe service. Transporters can calculate the cost per passenger mile and the number of passengers per driver by installing automated passenger counting devices in buses. Operators can make decisions based on this data to ensure that operations are optimised. Thus, the use of passenger counting technology by bus operators has become the norm. Given that automated passenger counting systems are frequently integrated as a part of intelligent transportation systems, the adoption of these systems is growing, which presents prospects for producers of these systems.

From 2020 to 2027, the Passenger Information System Market's mobile apps sector is expected to develop at the fastest rate.

With major technological improvements and a surge in passenger smartphone usage, it is anticipated that the use of mobile applications would increase significantly. These apps let users browse maps, access information regardless of where they are, and get directions to stations and stop layouts. By giving them remote access to precise information on schedules, fares, routes, etc., these features encourage new users to use public transportation systems. For instance, the MetroWest Regional Transit Authority (MWRTA) in the US introduced a new smartphone app in July 2020 to let customers contact with the transit authority's bus dispatchers and inform commuting shuttle bus drivers about train delays.

From 2020 to 2027, the Automated Passenger Counting and Information System Market in APAC will expand at the fastest rate.

The expanding transportation industry, as well as the rising number of buses and trains with automated passenger counting and information systems, can be credited with the market expansion in the APAC region. Growth will also be fueled by the growing number of government initiatives to enhance transportation services in APAC and the soaring investments in the transportation sector. The world's two most populous countries are China and India. As a result, transit operators in these nations are implementing automated passenger counting and information systems to plan the time and routes of public transportation in accordance with passenger needs in order to make the most use of their resources. The implementation of these technologies makes it possible to create fast and dependable transportation services for a sizable population. The passenger information systems are used to communicate schedules, route modifications, and other real-time information to passengers, including vehicle arrival and departure times and delays, if applicable.

Key Players

iris-GmbH Infrared Intelligent Sensors (Germany), HELLA Aglaia Mobile Vision GmbH (Germany), Eurotech (Italy), DILAX Intelcom GmbH (Germany), Infodev Electronic Designers International Inc. (Canada), Cisco Systems, Inc. (US), Siemens AG (Germany), Hitachi, Ltd. (Japan), Samsung Electronics Co., Ltd. (South Korea), Innovation in Traffic Systems SE (Germany), BOE Technology Group Co., Ltd. (China), Clever Devices Ltd. (US), Ermetris SRL (Italy), EyeRide (US), Giken Trastem Co., Ltd. (Japan), GMV Syncromatics (US), LG Electronics (South Korea), Passio Technologies (US), Postec Technology (Brazil), r2p GmbH (Germany), Wabtec Corp. (US), and Xovis AG (Switzerland).

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/automatic-passenger-counting-information-system-market-17856390.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com

Comments