Global Automated Passenger Counting and Information System Market - 2022-2029

Global Automated Passenger Counting and Information System Market - 2022-2029

Market Overview

The global automated passenger counting and information system market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

The automated passenger counting systems are electronic devices designed to count passengers boarding and landing at each bus or tram stop. It allows the customers to easily record all boardings without substantial involvement from the vehicle conductor or operator. The passenger information systems provide onboard bus passenger information on-board visual and audio communication, hands-free operation accurate route management.

These tools eradicate the need for continuous schedule checking to collect rider key information manually, which is a far less consistent approach for collecting accurate rider information. Manual trailing is very limited in its size to provide an objective transit view. It is an automatic system that provides an opportunity for every person who goes on board a public transit vehicle at every step of a transit course that can be easily monitored and recorded.

The advantage of using these systems is that it eliminates the need to hire employees to manually collect crucial information of the passengers. Additionally, these devices also use technology, such as infrared and stereoscopic vision, to count the total number of passengers boarding and leaving the bus or tram in software for reference. It has accuracy and in comparison to manual counting and it enables easy distinguish of Bikes, luggage, adults and children.

Market Dynamics

The increasing population, especially in emerging countries, such as China and India, is leading to the demand for better transportation services, which requires comprehensive transportation management, thereby aiding the demand for the automated passenger counting and information system. Additionally, the government's increasing focus of government towards obtaining a systematic approach urban transportation sector is fuelling the growth of the market.

Reduced cost and increased customer satisfaction

The automated passenger counting and information system offer real-time occupancy data from each transportation unit. It enables the customers to spread out among the different units optimally, thereby increasing traveling comfort. Furthermore, these counting systems are cost-efficient and highly accurate as they collect and provide varied data on transport performance, providing the basis for accurate cost reduction based on performance. Thus, these factors augment the market's growth during the forecast period.

Frequent system failure is challenging the growth of the market

The automated passenger counting and information system often fail in its application. It contains valuable data and due to poor cabling network failure, it could go unnoticed for a long time, which might create problems in transportation services. Thus, the efficiency of systems is compromised, which in turn is hampering the ownership of these systems.

COVID-19 impact analysis

The COVID-19 pandemic has positively impacted the market’s growth. Many countries are increasing the adoption of automated passenger counting and information systems to monitor the number of passengers on buses and trams. For instance, Conduent Transportation has announced that it has installed a new system in Bergamo, Italy, to monitor the total number of passengers traveling on trams and buses. It will limit the total number of passengers to 50% of the maximum capacity and allows ATB and TEB to monitor the load.

Segment Analysis

The stereoscopic vision segment is expected to be the largest segment in terms of market share during the forecast period

The global automated passenger counting and information system market is segmented into type, technology, application and regions. The technology is segmented into infrared, stereoscopic vision, flight time and others. The stereoscopic vision segment is projected to witness the highest CAGR. This technology is used in various gathering large amounts of data and is also used in various applications, which is a factor aiding the growth of the segment in upcoming years.

Geographical Analysis

Asia-Pacific is expected to register the highest CAGR during the forecast period

Asia-Pacific is expected to grow with the highest CAGR during the forecast period. Increasing the region's population enhances the requirement for smart transportation systems to ensure increased reliability and a smoother public experience. Furthermore, the rapidly developing transportation sector in the region is also augmenting the demand for automated passenger counting and information system, thereby aiding the growth of the market.

North America is the largest region in market share during the forecast period. It has a highly developed transportation network coupled with the region's high adoption of advanced technology. The supportive government policies also play a key role in augmenting the automated passenger counting and information system demand.

Competitive Landscape

The global automated passenger counting and information system market is highly competitive. The major automated passenger counting and information system industry manufacturers have a diverse portfolio of automated passenger counting and information system for various applications. Some of the major players contributing to the growth in the market are Cisco Systems, Inc., Siemens AG, iris-GmbH Infrared & Intelligent Sensors, Clever Devices Ltd., DILAX Intelcom GmbH, Eurotech S.p.A., HELLA Aglaia Mobile Vision GmbH, Hitachi, Ltd, Huawei Technology Co., Ltd. and Infodev Electronic Designers International Inc. The significant players adopt several growth strategies such as new product launches, acquisitions, joint ventures and collaborations, contributing to global growth in the industry.

In April 2021, Eurotech launched the HPEC system for the transportation industry, which enable the deployment of advanced AI-based analytics capabilities

HELLA Aglaia Mobile Vision GmbH

Overview: The company provides software solutions and creates optical inspection solutions used to analyze a large amount of data. It deals in the sectors such as AI solutions, lighting, energy management and people sensing. Hella has locations in Germany, India and Romania that cooperate across four working areas.

Product Portfolio: APS-B provides multi-directional passenger counting, object classification and video recording for count verification and helps in monitoring real-time data. It is easy to set up and commission.

Key Developments: On 22nd October 2019, the company acquired start-up Pyramics to expand its people-sensing division. The purpose of the acquisition is to increase the company's product portfolio with the latest deep learning technology.

Why Purchase the Report?

Visualize the composition of the automated passenger counting and information system market segmentation into type, technology, application and region, highlighting the critical commercial assets and players.

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Excel data sheet with thousands of automated passenger counting and information system market-level 4/5 segmentation data points.

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The global automated passenger counting and information system market report would provide an approx.: 60 market data tables, 61 figures and 207 pages.

Target Audience 2022

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