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. Factors such as the increasing demand for real-time transit information, government regulations such as requirement of ridership data from transit operators on regular basis, advantages offered by APC to transit operators in optimizing operational cost, and increased adoption of advanced solutions in transport sector would provide ample growth opportunities for the automated passenger counting and information system market in the future.
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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.
“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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