Dublin, Oct. 27, 2022 (GLOBE NEWSWIRE) -- 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).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in Automated Passenger Counting and Information System Market
4.2 Automated Passenger Counting System Market, by Application
4.3 Passenger Information System Market, by Type
4.4 Automated Passenger Counting System Market, by Technology
4.5 Automated Passenger Counting and Information System Market, by Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Country-Wise Government Regulations Regarding Requirement of Transportation Data
5.2.1.2 Rising Demand for Smart Telematic Solutions in Transportation Sector
5.2.1.3 Automated Passenger Counting Systems Help to Optimize Operational Costs of Transit Operators
5.2.1.4 Increased Demand for Real-Time Transit Information from Passengers and Proper Fleet Management by Transit Vehicle Operators Owing to COVID-19
5.2.1.5 Growing Urbanization and Smart City Initiatives Enable Growing Adoption of Automated Passenger Counting Systems
5.2.2 Restraints
5.2.2.1 Lack of Awareness About Benefits Offered by Automated Passenger Counting Systems in Developing and Less Developed Countries
5.2.2.2 Existence of Conventional Infrastructures Incompatible with Advanced Passenger Information Systems
5.2.3 Opportunities
5.2.3.1 Growing Technological Developments in Automated Passenger Counting Systems
5.2.3.2 Ease of Integration of Automated Passenger Counting Systems with Other Solutions
5.2.3.3 Growing Use of Internet-Based Services and Mobile Apps for Timely Transit Updates to Passengers and Public Transport Operators
5.2.4 Challenges
5.2.4.1 Requirement for Substantial Modifications Required in Existing Data Systems for Deploying Automated Passenger Counting Systems and Lack of Technical Expertise to Use Analytics Software
5.2.4.2 Integration of Passenger Information Systems with Systems of Transit Vehicles
5.2.4.3 Supply Chain Disruptions and Reduced Demand for Passenger Information Systems Owing to COVID-19
5.2.4.4 Use of Multiple Mobile Devices by Passengers and Lack of Proper Network Connectivity Reduces Accuracy of Apc Systems
5.3 Value Chain Analysis
5.4 Ecosystem Analysis
5.5 Trends/Disruptions Impacting Customers
5.6 Porter's Five Forces Analysis
5.7 Case Studies
5.8 Technology Analysis
5.9 Pricing Analysis
5.9.1 Average Selling Prices of Apc Systems by Companies Based on Technology
5.9.2 Average Selling Price Trend
5.10 Trade Analysis
5.11 Patent Analysis
5.12 Key Conferences & Events in 2022-2023
5.13 Regulatory Landscape
5.14 Key Stakeholders & Buying Criteria
6 Components of Automated Passenger Counting Systems and Passenger Information Systems
6.1 Introduction
6.2 Components of Automated Passenger Counting Systems
6.2.1 Sensors
6.2.2 Onboard Microprocessors
6.2.3 Power Supply Units
6.2.4 Analyzers
6.3 Components of Passenger Information Systems
6.3.1 Multimedia Displays
6.3.2 Public Announcement Systems
6.3.3 Networking and Communication Devices
6.3.4 Sensors
7 Emerging Trends in Transportation Sector Impacting Market Growth
7.1 Introduction
7.2 Integrated, Frictionless Travel
7.3 Ai-Augmented Mobility
7.4 Digital Identity
7.5 Customer Experience
8 Automated Passenger Counting and Information System Market, by Type
8.1 Introduction
8.2 Automated Passenger Counting Systems
8.2.1 Automated Passenger Counting Systems Help to Improve Accuracy and Reliability of Passenger Ridership Data
8.3 Passenger Information Systems
8.3.1 Passenger Information Eliminates Uncertainty Related to Points of Arrival and Departure of Public Transport
9 Automated Passenger Counting System Market, by Technology
9.1 Introduction
9.2 Infrared
9.2.1 Infrared Technology-Based Sensors are Easy to Install in Transit Vehicles
9.3 Stereoscopic Vision
9.3.1 Stereoscopic Vision Sensors Record 3-Dimensional Views of Objects and Offer Accurate Passenger Counting
9.4 Time of Flight
9.4.1 Sensors Based on Tof Technology Offer Stability in Harsh Environmental Conditions and Provide Accurate Passenger Count
9.5 Others
10 Automated Passenger Counting System Market, by Application
10.1 Introduction
10.2 Buses
10.2.1 Intense Competition Among Operators to Lead to Deployment of Automated Passenger Counting Systems in Buses
10.3 Trains and Trams
10.3.1 Passenger Counting Systems Help Public Transport Companies to Efficiently Adjust Their Vehicle Capacities to Transport Volume
10.4 Ferries
10.4.1 Rising Adoption of Automated Passenger Counting Systems in Ferries Helps to Maintain Exact Counting Data of Passengers
11 Passenger Information System Market, by Type
11.1 Introduction
11.2 Display Systems
11.2.1 Advancements in Information and Communication Technology (Ict) and Display Panels in Recent Years Have Led to Increased Deployment of Passenger Information Displays in Trains
11.3 Announcement and Emergency Communication Systems
11.3.1 Announcement Systems
11.3.1.1 Automated Vehicle Announcement Systems Aid in Ensuring That Stop Announcements are Made Consistently Without Interacting with Driver
11.3.2 Emergency Communication Systems
11.3.2.1 Emergency Communication Systems Can Record and Store Data of Communication Video and Audio at Same Time
11.4 Infotainment Systems
11.4.1 Infotainment Systems Keep Passengers Onboard Informed About Position of Vehicles and Provide Real-Time Count of Passengers
11.5 Mobile Applications
11.5.1 Mobile Applications Make Transit Services Highly Accessible and Reliable for New Passengers to Encourage Them to Use Public Transport
12 Passenger Information System Market, by Application
12.1 Introduction
12.2 Railways
12.2.1 Increasing Use of Passenger Information Systems in Railways to Provide Real-Time and Reliable Information to Passengers
12.3 Roadways
12.3.1 Growing Demand for Enhanced Traveling Experience from Passengers to Drive Growth of Passenger Information Systems in Roadways
12.4 Airways
12.4.1 Rising Adoption of Efficient Passenger Information Systems at Airports
13 Geographic Analysis
14 Competitive Landscape
14.1 Overview
14.2 Key Player Strategies/Right to Win
14.3 Revenue Analysis of Top 5 Companies
14.4 Market Share Analysis (2021)
14.5 Company Evaluation Quadrant, 2021
14.5.1 Star
14.5.2 Pervasive
14.5.3 Emerging Leader
14.5.4 Participant
14.6 Small and Medium Enterprises (Sme) Evaluation Quadrant, 2021
14.6.1 Progressive
14.6.2 Responsive
14.6.3 Dynamic
14.6.4 Starting Block
14.7 Automated Passenger Counting and Information System Market: Company Footprint
14.8 Competitive Benchmarking
14.9 Competitive Scenario
15 Company Profiles
15.1 Key Players
15.1.1 Eurotech
15.1.2 Iris-GmbH
15.1.3 Dilax Intelcom
15.1.4 Hella Aglaia Mobile Vision
15.1.5 Infodev Edi
15.1.6 Cisco Systems
15.1.7 Siemens
15.1.8 Hitachi
15.1.9 Samsung Electronics
15.1.10 Innovation in Traffic Systems
15.2 Other Players
15.2.1 Bluesurge Technologies
15.2.2 Clever Devices
15.2.3 Ermetris Srl
15.2.4 Eta Transit Systems
15.2.5 Exeros Technologies
15.2.6 Eyeride
15.2.7 Giken Trastem
15.2.8 Gmv Syncromatics
15.2.9 Masstrans Technologiies
15.2.10 Passio Technologies
15.2.11 Postec Technology
15.2.12 R-Com Consulting Ltd.
15.2.13 Retail Sensing Ltd.
15.2.14 R2P GmbH
15.2.15 Xovis
16 Adjacent and Related Market
17 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/gpscxq
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