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Automated Passenger Counting System Global Market - OverviewThe global automated passenger counting system market is showing immense growth; mainly due to the increased adoption of advanced solutions in the transport sector. Also, increasing demand for real-time transit information and growing demand for safety of passengers is another major factor responsible for driving the growth of automated passenger counting system market.
Technological advancements have played a major role in the development of automated passenger counting system. Increasing government regulations such as requirement of ridership data from transit operators on a regular basis is another major factor responsible for driving the growth of automated passenger counting system market. Iris-GmbH, HELLA Aglaia Mobile Vision GmbH, Eurotech S.p.A., DILAX Intelcom GmbH, Infodev Electronic Designers International Inc., Cisco Systems, Inc., Siemens AG, Hitachi, Ltd., and Huawei Technology Co., Ltd. are the major investors in the Automated Passenger Counting System Market.
Based on technology, stereoscopic vision technology is expected to grow at the highest rate during the forecast period. This is owing to the high level of accuracy being offered by stereoscopic vision technology. Whereas based on application, the railways sub segment is expected to hold the largest market share of the automated passenger counting system market during the forecast period. According to a recent study report published by Market Research Future, the global market of automated passenger counting system is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023).
However, lack of awareness of the benefits being offered by automated passenger counting systems and lack of infrastructure in order to install automated passenger counting systems are major factors that may cause hindrance in the growth of automated passenger counting system market. Also, integrating passenger information system with transit vehicles is another factor that may hamper the market growth.
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Key Players
The key players of global automated passenger counting system market report include Ris-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), Clever Devices Ltd. (U.S.), Retail Sensing Ltd. (U.K.), Syncromatics Corp. (U.S.), and Trapeze Group (Canada) and others.
Segments:
The global automated passenger counting system market is segmented by technology, application, end-users, and region.
• By technology, the market is segmented into infrared, stereoscopic vision, time-of-flight, IP cameras.
• Based on application, the market is segmented as railways, roadways, airways. Railways accounted for the most significant market share owing to need for real-time information related to train timetables, train delays, current location, emergency announcements, advertisements and infotainment services.
• Based on end-users, the market is segmented into buses, trains, ferry boats among others.
• Based on regions, the market is segmented into North America, Europe, Asia-Pacific and rest of the World.
Regional Analysis:
North America is dominating the passenger counting system market followed by Europe. Asia-Pacific is anticipated to be the fastest growing markets in China and India dominating the market. The rest of the world is projected to generate a moderate growth. Europe is supposed to be dominated by Germany, France, and Italy.
Industry News
June 2017 – Koleje Mazowieckie has started operating DILAX's automatic passenger counting systems. The company has equipped 69 vehicles with automated people counting systems. The system provided by DILAX is compatible with previously installed systems in Koleje Mazowieckie vehicles.
November 2017 – Smart Restroom systems are deployed at George Bush Airport, U.S. Each restroom location comprises of passenger counting system, predictive analytics, and real time alerting.
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Intended Audience
• Automated passenger counting system Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Software Developers
• Vendors
• Semiconductor Manufacturers
• Stakeholders
• End-user sectors
• Technology Investors
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Release ID: 505184
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