Automated Passenger Counter is an electronic device available for installation on transit vehicles including buses and rail vehicles which accurately records boarding and alighting data. The technology helps to improve the accuracy and reliability for counting the number of passenger that board and leave at every stop over traditional methods of manually counting by drivers or by random estimation.
The devices are becoming more common in the American region for operators to seek better accuracy and analyze transit use patterns by linking boarding and alighting data with stop or station location.
The key drivers for the growth of the automated passenger counting system are cost-effective, increasing need to achieve fleet optimization, demand for smart telematics solutions, technological advancements passenger information systems and growing urbanization. Also, government regulations supporting automated supporting system installations in the North-American region. Even, the pricing of tickets and augmentation to existing real-time passenger information systems are the opportunities for the automated passenger counting system market.
However, high initial cost in the price sensitive emerging economies and relatively quick return on investment are hindering the growth of the market.
Geographically, North-America accounted for the largest market share in the global automated passenger counting system market whereas Asia-Pacific region is expected to grow at a fast pace over the forecast period 2016-2022.
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Study Objectives of Global Automated Passenger Counting System Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global automated passenger counting system market.
- To provide insights about factors affecting the market growth.
- To analyze the global automated passenger system market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by technology, application, end-users and region.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Automated Passenger Counting System market.
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.)
- Trapeze Group (Canada)
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Segments:
The Global automated passenger counting system market has been segmented on the basis of technology, application, end-users and region. By technology, the market has been bifurcated into infrared, stereoscopic vision, time-of-flight, ip cameras. On the basis of application, the market can be segmented as railways, roadways, airways. On the basis of end-users the market can be segmented into buses, trains, ferry boats among others. Further, the market has been segmented into four regions which include- North America, Europe, Asia-Pacific and RoW.
On the basis of application, the market can be segmented into Railways, Roadways, Airways . Out of these, railways accounted for the largest market share because passenger information systems provide real-time information related to train timetables, train delays, current location, emergency announcements, advertisements and infotainment services.
Regional Analysis:
Regionally, North-America accounted for the largest market share especially in the countries such as U.S. because it was the early adopters of automated passenger counting system.
Asia-Pacific region is expected to grow over the forecast period, 2016-2022 especially in countries such as China and India countries because they are investing huge amounts of money for developing the transportation sector.
Market Research Future has come up with the latest report on the “Global automated passenger counting system market 2020”.
The survey covered the impact of COVID-19 on everything, including the economy.
The automated passenger counting system market is predicted to touch USD 300 Million at a 20% CAGR between 2016- 2022, states the recent Market Research Future (MRFR) analysis.
According to the recent MRFR report, such factors include the regulations by the government about the need for transit data, demand for advanced solutions in the transportation industry, demand for real-time transit information from passengers, deployment of automated passenger counting systems for optimizing the operational cost of transit agencies, demand for automatic passenger counting software, increasing use of automatic passenger counting systems for public transport & proper management of fleet by transit vehicle operators.
Key Players Key contenders profiled in the global automated passenger counting system market report include Trapeze Group (Canada), Syncromatics Corp. (U.S.), Retail Sensing Ltd. (U.K.), Clever Devices Ltd. (U.S.), Huawei Technology Co., Ltd. (China), Hitachi, Ltd. (Japan), Siemens AG (Germany), Cisco Systems, Inc. (U.S.), Infodev Electronic Designers International Inc. (Canada), DILAX Intelcom GmbH (Germany), Eurotech S.p.A. (Italy), HELLA Aglaia Mobile Vision GmbH (Germany), and Ris-GmbH (Germany).
By technology, the global automated passenger counting system market is segmented into IP cameras, time-of-flight, stereoscopic vision, and infrared.
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.
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.
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).Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/2398However, 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.Automated Passenger Counting System Global Market - SegmentationThe automated passenger counting system market can be classified into 4 key segments for the convenience of the report and enhanced understanding;Segmentation by Type: Comprises of Passenger Information Display Systems, Passenger Information Announcement Systems, Emergency Announcement Systems, Infotainment Systems and Passenger Information Mobile ApplicationSegmentation by Technology: Comprises of Infrared, Stereoscopic Vision, Time-of-Flight and OthersSegmentation by Application: Comprises of Railways, Roadways and AirwaysSegmentation by Region: Comprises of Geographical regions - North America, Europe, Asia Pacific and Rest of the World.Key PlayersThe 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.Automated Passenger Counting System Global Market - Regional AnalysisAsia Pacific is expected to witness a significant growth and hold the largest market share during the forecast period.
According to the latest research report published by Dhirtek Business Research, the global automated passenger counting system market report provides detailed information on the factors driving the growth of the automated passenger counting system market.
This pandemic is having an impact on various sectors of the economy.
It predicts that the global economy will suffer as a result of the loss of trillions of dollars.
To compete in a competitive market, the companies must identify product opportunities based on their strengths.
This study provides a platform for understanding the various exciting and rising prospects in the field of automated passenger counting system, and it will help every producer, distributor, or even user understand and succeed in this burgeoning industry.
Obtain a Sample Report and the Table of Content for the Automated Passenger Counting System Market Report:https://www.dhirtekbusinessresearch.com/market-report/Automated-Passenger-Counting-System-Market/request-for-sample-report Study Goals and Objectives of Global Automated Passenger Counting System Market The report provides information on the market impact of automated passenger counting system.
