Automated Passenger Counting and Information System Market Set to Expand, Anticipated to Reach USD 12.5 Billion by 2027, at a CAGR of 9.4%.
CHICAGO, Nov 8, 2023 – The global Automated Passenger Counting and Information System Market is expected to develop significantly over the next several years, from USD 8.0 billion in 2022 to USD 12.5 billion in 2027. This growth is expected to occur at a remarkable Compound Annual Growth Rate (CAGR) of 9.4% between 2022 and 2027. A thorough analysis from well-known industry research and consulting company MarketsandMarkets details these estimates.
The public transport sector relies heavily on Automated Passenger Counting and Information Systems (APCIS) to supply essential data and information for smooth operations and enhanced passenger experiences. Numerous factors, such as the growing urbanisation, the focus on boosting the effectiveness of public transportation, and the requirement for precise passenger data, are responsible for this increase. The study analyses important competitors in the global market for automated passenger counting and information systems and examines important market segments, growth factors, opportunities, and challenges.
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Key Segments:
Technology Segment: The market includes various technologies, such as Infrared (IR), Time-of-Flight (ToF), and Stereoscopic Vision technology, each offering unique advantages in passenger counting and information systems.
Component Segment: Automated Passenger Counting and Information Systems consist of hardware components like sensors, cameras, and software solutions for data analysis and reporting.
Application Segment: These systems are applied across various public transportation modes, including buses, trams, trains, and subways, as well as at transportation hubs and terminals.
Browse 172 market data Tables and 61 Figures spread through 238 Pages and in-depth TOC on “Automated Passenger Counting and Information System Market by Type, APC System Market, by Technology, PIS Market by Type, Application – Global Forecast to 2027”
View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/automatic-passenger-counting-information-system-market-17856390.html
Growth Drivers:
Urbanization and Congestion: The increasing urban population and traffic congestion drive the need for efficient public transportation systems and data-driven decision-making.
Passenger Experience Enhancement: Public transport authorities are leveraging these systems to improve passenger experiences with real-time information on routes and schedules.
Government Initiatives: Government initiatives to promote sustainable transportation and smart city development are accelerating the adoption of these systems.
Challenges:
Data Privacy and Security: Ensuring the privacy and security of passenger data collected by these systems is a significant challenge.
Integration Complexity: Integrating new automated systems with existing infrastructure and legacy transportation systems can be complex and costly.
Opportunities:
IoT Integration: Integration with the Internet of Things (IoT) and data analytics creates new opportunities for system optimization and predictive maintenance.
Global Expansion: As urbanization continues globally, the market presents growth opportunities for providers expanding into new regions.
Key Players:
The report identifies key players in the global Automated Passenger Counting and Information System Market, including:
Siemens AG: A multinational company providing solutions in the fields of electrification, automation, and digitalization.
Hella Aglaia Mobile Vision GmbH: A manufacturer of intelligent visual perception technology for vehicles.
Clever Devices Ltd.: A provider of comprehensive public transportation solutions, including passenger information systems.
Eurotech S.p.A.: A company specializing in embedded boards and modules, edge computing, and Internet of Things solutions.
DILAX Intelcom GmbH: A provider of technology solutions for capturing and managing passenger data.
The global Automated Passenger Counting and Information System Market is experiencing robust growth, driven by the increasing focus on public transportation efficiency, passenger convenience, and smart city initiatives. As cities expand and mobility solutions evolve, these systems are expected to play a crucial role in shaping the future of public transport.
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