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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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.
“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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