The global demand for Automated Passenger Counting System Market is presumed to reach the market size of nearly USD 27.67 BN by 2030 from USD 10.37 BN in 2022 with a CAGR of 11.52% under the study period 2023 - 2030.
The Automated Passenger Counting System (APCS) is automated equipment that can count the number of passengers that alighted or boarded via the buses, trains, trams, and other forms of public transportation. The automated passenger counting system is electronic equipment that counts the number of passengers who board and depart at each stop. This system has replaced schedule checkers that were previously used to manually collect ridership data. The numbers were counted by drivers or conductors. There were numerous complications as a result of this, and there were also cases of miscounting. It also allows passengers to track the vehicle's location in real-time and plan trips accordingly. At each boarding point, an automated passenger counting system can count the number of passengers accurately. This technology is utilized in a variety of applications, including passengers on public transportation, luggage identification, and strollers on trains, buses, aircraft, and so on.
Market Dynamics
The global automated passenger counting system market is projected to rise in the forecast period due to key factors like technological growth in transit systems and the growing adoption of such solutions in the transportation sector. Furthermore, the need for real-time transit data and government regulations is expected to boost market growth effectively. The increase in urbanization is another factor driving the automated passenger counting system market growth. Additionally, an increase in the initial cost of the product is expected to propel automated passenger counting system market growth at a robust rate globally. Modifications required in the present information systems for deploying an automated passenger counting system will further offer potential chances for the automatic passenger counting system market growth in the forthcoming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automated passenger counting system. The growth and trends of automated passenger counting system industry provide a holistic approach to this study.
Market Segmentation
This section of the automated passenger counting system market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Automated Passenger Counting Systems
- Passenger Information Systems
By Technology
- Infrared
- Stereoscopic Vision
- Time Of Flight
- Others
By Application
- Buses
- Trains And Trams
- Ferries
By Type
- Display Systems
- Announcement And Emergency Communication Systems
- Infotainment Systems
- Mobile Applications
By Application
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automated Passenger Counting System market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Automated Passenger Counting System Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automated passenger counting system market include Eurotech (Italy), iris-GmbH (Germany), DILAX Intelcom (Germany), HELLA Aglaia Mobile Vision (Germany), and Infodev EDI (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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