Dynamics for Global Automated Passenger Counting System Market

 The report "Automated Passenger Counting System Market with COVID-19 Impact, by Technology (IR, ToF, Stereoscopic Vision), Passenger Information System Market by Type (Display System, Mobile Applications), Application and Region - Global Forecast to 2025", was valued at USD 155 million in 2019 and is projected to reach USD 245 million by 2025; it is expected to grow at a CAGR of 13.2% from 2020 to 2025. The passenger information system market was valued at USD 7.0 billion in 2019 and is projected to reach USD 8.9 billion by 2025; it is expected to grow at a CAGR of 12.5% during the forecast period.

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Automated Passenger Counting and Information System Market Dynamics

Driver: Government regulations regarding the requirement of transit data

One of the key driving factors for the growth of the automated passenger counting system market is the government regulations in some countries for the regular reporting of ridership data from fleet operators to government agencies. These government agencies use this data to keep track of the public transport requirements of passengers, carry out regional development planning, analyze commuting trends, etc. The continuously increasing global population has led to the growing requirement of efficiently and adequately managing public transport services. Governments in a number of countries are taking initiatives to maintain databases of trips of passengers through all modes of public transport such as buses, trains, and ferries for keeping track of passengers.

Restraint: Lack of awareness about benefits offered by automated passenger counting systems in developing and least developed countries

Even though the market for automated passenger counting systems is growing at a rapid pace in a number of developed countries, these systems are witnessing low adoption in developing or least developed countries. Several federal- and state-funding agencies require ridership reports to evaluate the performance of transit agencies and offer a general scenario of the demand level for transit services in specific areas. Detailed ridership data is used by service planners and schedulers to make changes to routes of transit vehicles based on passenger traffic. Time-related data, in combination with ridership data, is used to monitor running times and schedule adherence of in-transit vehicles.

Opportunity: Technological advancements in automated passenger counting systems

In the last few years, there have been significant technological advancements in automated passenger counting systems, including time-of-flight or stereoscopic vision technologies. The incorporation of these technologies in automated passenger counting systems has enabled them to achieve more than 95% accuracy in their counting results. Traditional passenger counting systems use treadle mats and infrared technology to count passengers. These systems, when mounted on high ceilings or high-traffic environments, face accuracy-related issues caused by even slight variations in light or temperature. However, these limitations have been overcome by advanced technologies such as stereoscopic vision and time-of-flight technologies.

Challenge: Supply chain disruptions and reduced demand for passenger information systems amid COVID-19

Government regulations imposed in different countries to deal with the COVID-19 situation have affected the passenger information system market. Some of the regulations include a complete temporary shutdown of manufacturing facilities or their partial operations with limited manpower, as well as travel restrictions. These regulations have disrupted the global supply chain and impacted the production capacities of companies.

The buses segment is projected to lead the automated passenger counting system market from 2020 to 2025

Buses are a primary mode of public transport used in various countries such as the US, Canada, Germany, the UK, China, India, and Australia. They are equipped with passenger counting systems for reliable and safe service offerings, as well as for enhancing their transit operations. With automated passenger counting systems installed in buses, the transporters can determine the cost of passengers per mile and the number of passengers per driver. This data helps operators in making decisions for optimized operations. Hence, it has become a standard for bus operators to deploy passenger counting systems. The increasing adoption of intelligent transportation systems provides opportunities for the manufacturers of automated passenger counting systems as these systems are often implemented as a part of the intelligent transportation systems.

Mobile applications segment of the passenger information system market to grow at the highest rate from 2020 to 2025

The use of mobile applications is expected to rise substantially with significant advancements in technologies and increased use of smartphones among passengers. These applications provide passengers access to information irrespective of their location, enable them to view maps, and guide them to station and stop layouts. These features encourage new passengers to use public transit services by providing them remote access to detailed information regarding schedules, fares, routes, etc. For instance, in July 2020, the MetroWest Regional Transit Authority (MWRTA) of the US launched a new mobile app to allow users to communicate with the bus dispatchers of the transit authority and alert commuting shuttle bus drivers about train delays.

Automated passenger counting and information system market in APAC to grow at the highest rate from 2020 to 2025

The growth of the market in the APAC region can be attributed to the developing transportation sector, increasing number of buses and rails equipped with automated passenger counting and information systems. Moreover, the rising number of government initiatives to improve transportation services in APAC and surging investments in the transport sector transportation sector will drive growth. China and India are highly populated countries in the world. Thus, transit operators in these countries are adopting automated passenger counting and information systems to schedule routes and timing of public transport according to the requirements of passengers for the optimum utilization of their resources. The deployment of these systems enables the development of reliable and timely transportation services to a large population. The passenger information systems are used to convey schedules, route changes, and other real-time information such as arrival and departure time of vehicles, as well as delays, if any, to passengers.

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) are some key players operating in the automated passenger counting and passenger information system market.

Don’t miss out on business opportunities in Automated Passenger Counting System Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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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.

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MarketsandMarkets™ INC.
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 The report "Automated Passenger Counting System Market with COVID-19 Impact, by Technology (IR, ToF, Stereoscopic Vision), Passenger Information System Market by Type (Display System, Mobile Applications), Application and Region - Global Forecast to 2025", was valued at USD 155 million in 2019 and is projected to reach USD 245 million by 2025; it is expected to grow at a CAGR of 13.2% from 2020 to 2025. The passenger information system market was valued at USD 7.0 billion in 2019 and is projected to reach USD 8.9 billion by 2025; it is expected to grow at a CAGR of 12.5% during the forecast period.

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The stereoscopic vision segment of the automated passenger counting system market is projected to grow at the highest CAGR during the forecast period.

The stereoscopic vision technology has been gaining traction in the market for the past few years as it gathers accurate information from the high-volume traffic data. Moreover, this technology can also easily detect the direction wherein passengers are moving. The stereoscopic vision technology also enables bus operators to determine the actual number of passengers at each stop or during each trip. It helps in increasing revenues of bus operators as automated passenger counting systems enable crosschecking of the number of passengers against the issued tickets.

With automated passenger counts, bus companies can easily generate reports and monitor ridership trends over time for external funding agencies and transit authorities such as the Federal Transit Administration (FTA). As a number of bus companies are using automated passenger counting systems in their vehicles as a standard, the stereoscopic vision technology segment of the automated passenger counting system market is projected to grow at a significant rate in the coming years.

Mobile applications segment of the passenger information system market to grow at the highest rate from 2020 to 2025

The use of mobile applications is expected to rise substantially with significant advancements in technologies and increased use of smartphones among passengers. These applications provide passengers access to information irrespective of their location, enable them to view maps, and guide them to station and stop layouts. These features encourage new passengers to use public transit services by providing them remote access to detailed information regarding schedules, fares, routes, etc. For instance, in July 2020, the MetroWest Regional Transit Authority (MWRTA) of the US launched a new mobile app to allow users to communicate with the bus dispatchers of the transit authority and alert commuting shuttle bus drivers about train delays.

Automated passenger counting and information system market in APAC to grow at the highest rate from 2020 to 2025

The growth of the market in the APAC region can be attributed to the developing transportation sector, increasing number of buses and rails equipped with automated passenger counting and information systems. Moreover, the rising number of government initiatives to improve transportation services in APAC and surging investments in the transport sector transportation sector will drive growth. China and India are highly populated countries in the world. Thus, transit operators in these countries are adopting automated passenger counting and information systems to schedule routes and timing of public transport according to the requirements of passengers for the optimum utilization of their resources. The deployment of these systems enables the development of reliable and timely transportation services to a large population. The passenger information systems are used to convey schedules, route changes, and other real-time information such as arrival and departure time of vehicles, as well as delays, if any, to passengers.

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) are some key players operating in the automated passenger counting and passenger information system market.

Don’t miss out on business opportunities in Automated Passenger Counting System Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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

Impact of Covid-19 on Automated Passenger Counting System Market

 The report "Automated Passenger Counting System Market with COVID-19 Impact, by Technology (IR, ToF, Stereoscopic Vision), Passenger Information System Market by Type (Display System, Mobile Applications), Application and Region - Global Forecast to 2025", was valued at USD 155 million in 2019 and is projected to reach USD 245 million by 2025; it is expected to grow at a CAGR of 13.2% from 2020 to 2025. The passenger information system market was valued at USD 7.0 billion in 2019 and is projected to reach USD 8.9 billion by 2025; it is expected to grow at a CAGR of 12.5% during the forecast period.

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Automated Passenger Counting and Information System Market

The automated passenger counting and information system market includes major Tier I and II players like iris-GmbH, DILAX, Eurotech, HELLA, and Infodev. These players have their manufacturing facilities spread across various countries across Europe, North America, APAC, and RoW. Some of the COVID-19 related developments are as below.

• Automated passenger counters (APC) of Eurotech are being used in various applications to meet the new regulation requirements resulting from the spread of the COVID 19. In the present situation, it is highly important to track the number of passengers boarding public transport to avoid crowded situations. The revenue of the company was significantly affected by the pandemic in the first quarter of 2020.
• The outbreak and the spread of the COVID-19 have led to the requirement of accurate real-time vehicle occupancy data not only as a service offering but also as a safety measure. This has led to the installation of visitor counting solutions offered by DILAX Intelcom GmbH in museums, pharmacies, and retail stores to deal with the pandemic. The company has already implemented its occupancy management solutions in Germany to follow social distancing guidelines.
• In June 2020, INIT introduced real-time passenger counting solutions to ensure the required social distancing among onboard passengers. INIT automatic passenger counting (APC) systems and MOBILE-ITCS cellular-based radio onboard offered by the company are used to manage the load capacities of vehicles in real-time. Transit agencies then relay this information to passengers through passenger information systems or DEPARTURESlive app of INIT and other third-party apps.

Increased demand for real-time transit information from passengers and proper fleet management by transit vehicle operators owing to COVID-19

The outbreak of the COVID-19 has made automated passenger counting more important than ever. The ability of these systems to show live occupancy figures in vehicles helps passengers to follow the social distancing recommendations while using public transport. Regulations limiting the number of onboard passengers in public transport have been introduced in a number of countries to ensure the safety of passengers and drivers. Video counting systems are also used for the purpose. They show the number of passengers in real-time on meters, smartphones, web browsers, etc. Cameras/sensor installed over doors of buses are linked to counting unit software, which detects the number of entries and exits in buses. These counters store passenger numbers without their identification so that their privacy is protected.

Automated passenger counting and information system market in APAC to grow at the highest rate from 2020 to 2025

The growth of the market in the APAC region can be attributed to the developing transportation sector, increasing number of buses and rails equipped with automated passenger counting and information systems. Moreover, the rising number of government initiatives to improve transportation services in APAC and surging investments in the transport sector transportation sector will drive growth. China and India are highly populated countries in the world. Thus, transit operators in these countries are adopting automated passenger counting and information systems to schedule routes and timing of public transport according to the requirements of passengers for the optimum utilization of their resources. The deployment of these systems enables the development of reliable and timely transportation services to a large population. The passenger information systems are used to convey schedules, route changes, and other real-time information such as arrival and departure time of vehicles, as well as delays, if any, to passengers.

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) are some key players operating in the automated passenger counting and passenger information system market.

Don’t miss out on business opportunities in Automated Passenger Counting System Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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

Evolving automated passenger counting system technologies creating for opportunities for Automated Passenger Counting System Market

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).

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 5000 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.

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Mr. Sanjay Gupta

MarketsandMarkets™ INC.

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Government regulations such as requirement of ridership data from transit operators on a regular basis Driving the Growth of Automated Passenger Counting System Market

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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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).

“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).

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 5000 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, "RT" 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.

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Automated Passenger Counting System Market Worth 298.0 Million USD by 2022 and Passenger Information System Market worth 11.34 Billion USD by 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 was valued at USD 3.71 Billion in 2016 and is expected to reach USD 11.34 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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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.

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.

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.

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.

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.

Poor infrastructure for installing passenger information systems and the lack of awareness of the benefits offered by passenger counting systems in some countries are some of the factors restraining the growth of the market.

The key strategies adopted by major players in the market were agreements, contracts, collaborations, and partnerships. For instance, in August 2016, Syncromatics Corp. (U.S.) signed a contract with Los Angeles County Metropolitan Authority to design and install real-time bus information signs and operate on 300 buses. These strategies accounted for 38% of all strategies. Companies such as Iris-GmbH (Germany), init innovation in traffic systems AG (Germany), Syncromatics Corp. (U.S.), Trapeze Group (Canada), Hitachi, Ltd. (Japan), Huawei Technology Co., Ltd. (China), and Siemens AG (Germany) are major companies that adopted these strategies.

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 5000 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, "RT" 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.

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Market Player Ranking Analysis of the Automated Passenger Counting and Information System Market

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.

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 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).

“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.

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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, "RT" 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. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Passenger Information System Market worth 11.34 Billion USD by 2022

The passenger information system market was valued at 3.71 Billion in 2016 and is expected to reach USD 11.34 Billion by 2022, growing at a CAGR of 19.9% between 2017 and 2022. The base year considered for the study is 2016 and the forecast period is between 2017 and 2022.

The automated passenger counting system market was valued at 105.3 Million in 2016 and is expected to reach USD 298.0 Million by 2022, growing at a CAGR of 18.6% between 2017 and 2022. The base year considered for the study is 2016 and the forecast period is between 2017 and 2022.

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

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.

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.

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.

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).

Inquiry Before Buying:
https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=17856390

 

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 5000 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, "RT" 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. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Automated Passenger Counting System Market Worth 298.0 Million USD by 2022 & PIS Market worth 11.34 Billion USD by 2022

The automated passenger counting system market was valued at 105.3 Million in 2016 and is expected to reach USD 298.0 Million by 2022, growing at a CAGR of 18.6% between 2017 and 2022. The base year considered for the study is 2016 and the forecast period is between 2017 and 2022.

The passenger information system market was valued at 3.71 Billion in 2016 and is expected to reach USD 11.34 Billion by 2022, growing at a CAGR of 19.9% between 2017 and 2022. The base year considered for the study is 2016 and the forecast period is between 2017 and 2022.

Download PDF Brochure:
http://www.marketsandmarkets.com/pdfdownload.asp?id=17856390

 

“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).

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 5000 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, "RT" 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. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com