According to the new market research report "Automated Passenger Counting and Information System Market:
APC by Technology (Infrared, Stereoscopic Vision, Time-of-Flight),
Application (Buses, Trains, Ferryboats), PIS by Systems, Application,
and Geography - Global Forecast to 2022", 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 is expected to reach USD 11.34 Billion by
2022, at a CAGR of 19.9% during forecast period.
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The factors driving the growth of the market include
the increasing demand for real-time transit information, increased
adoption of advanced solutions in the transport sector, advantages
offered by APC to transit operators in optimizing operational cost, and
government regulations such as the requirement of ridership data from
transit operators on a regular basis.
“Stereoscopic vision technology expected to
witness the highest growth for the automated passenger counting system
market during the forecast period."
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.
“Buses segment of the application expected to
hold a major share of the automated passenger counting system market
during the forecast period.”
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.
“Railways application expected to hold a major share of the passenger information system market during the forecast period.”
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.
“APAC is expected to dominate the automated passenger counting and information system market between 2017 and 2022”
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).
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