The automated passenger counting and information system from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automated Passenger Counting And Information System Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automated passenger counting and information system market size has grown rapidly in recent years. It will grow from 8.77 billion in 2023 to $9.86 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to the digitalization of public transportation, growing urban populations, focus on data-driven decision-making, government regulations, and mandates for transit agencies to improve service quality and passenger experience, and integration with smart city initiatives.
The automated passenger counting and information system market size is expected to see rapid growth in the next few years. It will grow to $15.85 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to a focus on sustainability and energy efficiency, rising investments in public transportation infrastructure, an increasing need for data-driven decision-making, integration with smart mobility solutions, and a growing focus on the passenger experience. Major trends in the forecast period include integration with IoT, advanced sensor technologies, artificial intelligence (AI) and machine learning (ML), integration of APCIS with mobile ticketing platforms, and implementation of privacy-enhancing technologies.
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Scope Of Automated Passenger Counting And Information System Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automated Passenger Counting And Information System Market Overview
Market Drivers –
Rising demand for public transportation is expected to propel the growth of the automated passenger counting and information system market going forward. Public transportation refers to a system of vehicles such as buses, trains, subways, and trams that operate on regular schedules and are available for use by the general public. The demand for public transportation is rising due to increasing urbanization, environmental concerns, and the need for cost-effective and efficient mobility solutions. Public transportation utilizes automated passenger counting and information systems to optimize route planning, manage vehicle occupancy, and provide real-time information to passengers. For instance, in April 2024, the American Public Transportation Association, a US-based nonprofit organization, reported that transit riders took 7.1 billion trips on public transportation in 2023, representing a 16% increase from 2022. Furthermore, public transportation ridership continued to grow throughout 2023, despite unchanged office occupancy rates. Therefore, the rising demand for public transportation is driving the growth of the automated passenger counting and information system market.
Market Trends –
Major companies in the automated passenger counting and information system market are developing innovative technologies, such as passenger tracking solutions, to enhance data accuracy and improve passenger flow management. A passenger tracking solution is a system that monitors and manages the movement of passengers through an airport. For instance, in March 2023, AeroCloud, a UK-based cloud-native airport management software company, launched AeroCloud Optic, a passenger tracking solution that utilizes computer vision to monitor passengers as they move through an airport. This real-time monitoring system detects bottlenecks in operations, such as extended wait times at check-in or security, and triggers alerts accordingly.
The automated passenger counting and information system market covered in this report is segmented –
1) By Type: Passenger Informed Display Systems, Passenger Informed Announcement Systems, Emergency Announcement Systems, Infotainment Systems, Passenger Information Mobile Application
2) By Technology: Infrared, Stereoscopic Vision, Time-Of-Flight, Other Technologies
3) By Device And Component: Sensors, Public Announcement Systems, Multimedia Display, Networking And Communication Devices
4) By Application: Roadways, Railways, Airways, Waterways
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Regional Insights –
Asia-Pacific was the largest region in the automated passenger counting and information system market in 2023. The regions covered in the automated passenger counting and information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the automated passenger counting and information system market are Hitachi Ltd., Siemens AG, Cisco Systems Inc., Clever Devices Ltd., Eurotech S.p.A., Xovis AG, Infodev EDI, Dilax Intelcom GmbH, Masstrans Technologiies LLC, Iris-GmbH Infrared & Intelligent Sensors, Hella Aglaia Mobile Vision GmbH, GMV Syncromatics LLC, Exeros Technologies Inc., ETA Transit Systems GmbH, Bluesurge Technologies LLC, R2P GmbH, Passio Technologies Inc., Postec Technology, Retail Sensing Ltd., R-Com Consulting Ltd., Eyeride Corporation
Table of Contents
1. Executive Summary
2. Automated Passenger Counting And Information System Market Report Structure
3. Automated Passenger Counting And Information System Market Trends And Strategies
4. Automated Passenger Counting And Information System Market – Macro Economic Scenario
5. Global Automated Passenger Counting And Information System Market Size and Growth
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32. Global Automated Passenger Counting And Information System Market Competitive Benchmarking
33. Global Automated Passenger Counting And Information System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automated Passenger Counting And Information System Market
35. Automated Passenger Counting And Information System Market Future Outlook and Potential Analysis
36. Appendix
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