$12.5 Billion Worldwide Automated Passenger Counting and Information System Industry to 2027 - Featuring Cisco Systems, Clever Devices, Dilax Intelcom, Ermetris and Eta Transit Systems Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Automated Passenger Counting and Information System Market by Type (APC Systems and PIS), APC System Market, by Technology (IR, ToF, Stereoscopic Vision), PIS Market by Type (Display Systems, Infotainment Systems), Application - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global automated passenger counting and information system market size is expected to grow from USD 8.0 billion in 2022 to USD 12.5 billion by 2027, at a CAGR of 9.4%.

Deployment of automated passenger counting systems to optimize operational costs of transit agencies, and growing demand for real-time transit information from passengers and proper fleet management by transit vehicle operators owing to COVID-19 are the key drivers for the growth of the automated passenger counting and information system market.

Buses segment accounted for the largest share of the automated passenger counting system market in 2021

The buses segment accounted for the largest share of the automated passenger counting system market in 2021. Buses are a primary mode of public transport used in various countries such as the US, Canada, Germany, the UK, China, India, and Australia. The increasing awareness among operators about the benefits offered by automated passenger counting systems is driving the growth of the market for buses.

Bus transit operators are interested in determining the traveling pattern of passengers to schedule the time and route of their buses. The intense competition among bus operators to enhance their service offerings and gain an increased number of passengers is driving the deployment of automated passenger counting systems in buses.

Display systems segment is projected to hold the largest market share in 2022

The display systems segment is projected to hold the largest market share for passenger information systems in 2022. Display systems in the PIS market act as digital information systems that display real-time information for passengers. These systems are installed in stations to display relevant information on metro/train times and metro/train destinations to passengers including the station ticket halls, station platforms, station entrances, interchange corridors at interchange stations, and other modes of transport. The display system, with the help of several disruptive technologies, such as IoT, big data, cloud, AI, ML, and automation, helps the passenger to get real-time information both in the station and onboard.

European countries have a well-developed transportation infrastructure and transport connectivity network

The growth of the market in the European region is driven by the formulation of mandates for the installation of passenger counting systems on ferries, a rise in investments to improve transportation infrastructures and efficiency of public transport services, reduction in passenger traffic congestion in the UK, and requirement of improving transport services and optimizing transit operations. European countries have a well-developed transportation infrastructure and transport connectivity network.

They have been witnessing the increasing use of public transportation and surging demand for advanced technologies, thereby leading to the growth of the automated passenger counting and information system market in the region. Europe is home to several key players in the automated passenger counting and information system market, including Eurotech S.P.A. (Italy), iris-GmbH (Germany), Innovation In Traffic System AG (Germany), HELLA Aglaia Mobile Vision GmbH (Germany), and DILAX Intelcom GmbH (Germany).

Market Dynamics

Drivers

• Country-Wise Government Regulations Regarding Requirement of Transportation Data
• Rising Demand for Smart Telematic Solutions in Transportation Sector
• Automated Passenger Counting Systems Help to Optimize Operational Costs of Transit Operators
• Increased Demand for Real-Time Transit Information from Passengers and Proper Fleet Management by Transit Vehicle Operators Owing to COVID-19
• Growing Urbanization and Smart City Initiatives Enable Growing Adoption of Automated Passenger Counting Systems

Restraints

• Lack of Awareness About Benefits Offered by Automated Passenger Counting Systems in Developing and Less Developed Countries
• Existence of Conventional Infrastructures Incompatible with Advanced Passenger Information Systems

Opportunities

• Growing Technological Developments in Automated Passenger Counting Systems
• Ease of Integration of Automated Passenger Counting Systems with Other Solutions
• Growing Use of Internet-Based Services and Mobile Apps for Timely Transit Updates to Passengers and Public Transport Operators

Challenges

• Requirement for Substantial Modifications Required in Existing Data Systems for Deploying Automated Passenger Counting Systems and Lack of Technical Expertise to Use Analytics Software
• Integration of Passenger Information Systems with Systems of Transit Vehicles
• Supply Chain Disruptions and Reduced Demand for Passenger Information Systems Owing to COVID-19
• Use of Multiple Mobile Devices by Passengers and Lack of Proper Network Connectivity Reduces Accuracy of Apc Systems

Companies Mentioned

• Bluesurge Technologies
• Cisco Systems
• Clever Devices
• Dilax Intelcom
• Ermetris Srl
• Eta Transit Systems
• Eurotech
• Exeros Technologies
• Eyeride
• Giken Trastem
• Gmv Syncromatics
• Hella Aglaia Mobile Vision
• Hitachi
• Infodev Edi
• Innovation in Traffic Systems
• Iris-GmbH
• Masstrans Technologiies
• Passio Technologies
• Postec Technology
• R2P GmbH
• R-Com Consulting Ltd.
• Retail Sensing Ltd.
• Samsung Electronics
• Siemens
• Xovis

For more information about this report visit https://www.researchandmarkets.com/r/f4fz1j