DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Automated Passenger Counting and Information System Market:Global Forecast to 2022" report to their offering.
The automated passenger counting system market was valued at USD 105.3 million in 2016 and is expected to reach USD 298.0 million by 2022, growing at a CAGR of 18.6% between 2016 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% during the forecast period.
Government regulations such as the requirement of ridership data from transit operators on a regular basis, increasing demand for real-time transit information, increased adoption of advanced solutions in the transport sector, and advantages offered by APC to transit operators in optimizing operational costs are some of the factors driving the growth of the automated passenger counting and information system market. The lack of awareness of the benefits offered by passenger counting systems in some countries and poor infrastructure for installing passenger information systems restrain the growth of the market.
The automated passenger counting system market for the infrared technology led the market in 2016. Infrared-based passenger counting systems are low cost, simple to install and set up, and require low maintenance. The increasing government mandates for fleet operators to provide ridership data on a regular basis is one of the factors driving the growth of the market.
- Cisco Systems, Inc.
- Clever Devices Ltd.
- Dilax Intelcom GmbH
- Eurotech S.P.A.
- Hella Aglaia Mobile Vision GmbH
- Hitachi, Ltd.
- Huawei Technology Co., Ltd
- Infodev Electronic Designers International Inc.
- Innovation in Traffic Systems AG
- Retail Sensing Ltd.
- Siemens AG
- Syncromatics Corp.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Automated Passenger Counting System Market, By Technology
8 Automated Passenger Counting System Market, By Application
9 Passenger Information System Market, By Type
10 Passenger Information System Market, By Application
11 Passenger Information System, By Device and Component (Qualitative)
12 Geographic Analysis for Automated Passenger Counting and Information System Market
13 Competitive Landscape
14 Company Profile
For more information about this report visit http://www.researchandmarkets.com/research/8zls49/automated