The global automated passenger counter market size was valued at USD 147.1 million in 2021 and is poised to grow at a CAGR of 8.4% during the forecast period 2022 to 2028. Government regulations requiring transit data, rising demand for innovative transportation technologies, the introduction of automated passenger counting systems to reduce transit agencies' operating costs, and rising demand for real-time transit data from transit providers are all driving the global automated passenger counting system market forward. Moreover, several government organizations have made it mandatory for transportation agencies to utilize passenger evaluations to evaluate their success. The passenger information system industry has been impacted by government rules enacted in many nations in response to the COVID-19 crisis. A total temporary shutdown of production facilities or their partial operations with limited personnel, as well as travel limitations, were among the measures to impact the market growth.
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Buses Segment is Dominate the Automated Passenger Counter Market
The buses segment is expected to account for a larger revenue share in 2021 and the segment is projected to grow at significant CAGR over 2022 and 2028 owing to several cities across the world, have adopted passenger information systems to improve the traveling experience of passengers. Automated passenger counters are becoming more widely employed in buses because they give real-time data on vehicle occupancy levels. They're also utilized for entertainment and to keep passengers safe with emergency communication systems in the event of an emergency.
Asia-Pacific Leads Automated Passenger Counter Market
The Asia Pacific is likely to hold the highest revenue share in 2021 in the global automated passenger counter market and the market is projected to grow at a significant CAGR over the forecast years owing to the increase in the use of automated passenger counting technologies in transit vehicles in order to provide safe, dependable, and punctual transportation services Furthermore, as the population grows, smart transportation networks will be required to provide passengers with a dependable and secure traveling experience, boosting the rise of automated passenger counting market during the forecasting period. Moreover, technological advancements in the field of passenger information systems, North America is expected to see considerable growth over the forecast timeframe.
The automated passenger counter market detailed segmentation
1) By Technology: Infrared, IP Cameras, Stereoscopic Vision, Time-of-Flight.
2) End-User: Buses, Trains, Ferry Boats.
Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players.
Global Automated Passenger Counter market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant traction across the globe. For instance, In March 2020, to enhance its visibility in the market, HELLA Aglaia partnered with Germany-based VIDEO to sell people-sensing products. In April 2020, Eurotech expanded its range of automotive services with the launch of DynaGate 20-30. It is featured with advanced features like addressing the challenges of next-generation applications for intelligent mobility and connected vehicles.
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Key player’s profiles in the Automated Passenger Counter market report are Cisco Systems, Inc, Clever Devices Ltd, Dilax Intelcom GmbH, Eurotech S.P.A, Hella Aglaia Mobile Vision Gmbh, Hitachi, Ltd., Huawei Technology Co., Ltd, Infodev Electronic Designers International Inc., Siemens AG, Trapeze Group.
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