Global Automatic Passenger Counting System Market- Industry Analysis and

   2021-02-18       14        Business
Rating :
An Automatic Passenger Counting System is an electronic device, which can be installed on transit vehicles, like buses and trains

An Automatic Passenger Counting System is an electronic device, which can be installed on transit vehicles, like buses and trains, which records the accurate data for the boarding of people on the vehicles. This concept of automation can be used to improve the accuracy and reliability of tracking transit ridership over traditional methods of manual accounting by driver or estimation through random surveying. Various technological solutions used by these systems can also provide other useful insights related to the statistics on peak and non – peak hours, route analytics, and so on. Moreover, these solutions also help the passengers to locate the transit vehicle in real-time and hence, plan the routes accordingly.

Global Automatic Passenger Counting System Market

Objective of the Report:

The objective of the report is to present a comprehensive analysis of the Global Automatic Passenger Counting System Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Automatic Passenger Counting System Market dynamics, structure by analyzing the market segments and project the Global Automatic Passenger Counting System Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automatic Passenger Counting System Market make the report investor’s guide.

Market Scenario:

The Global Automatic Passenger Counting System Market was valued around at $18 Bn in the year 2018, and is projected to reach $XX Bn by the year 2027, growing at a CAGR of almost 10% during the forecasted period.

Market Overview:

Drivers:

• Government Regulations for the Transit Data

Many countries across the globe have stringent regulations regarding the regular updating of data about the riders in fleet operations to the government agencies. This captured data is used to have a proper track for the requirement of public transports. Therefore, such regulations could act as an important factor for driving the market of automatic passenger counting systems during the forecast period.

• Urbanization and Technological Advancements

Restraint:

• Low Demand for the Systems

Market Segmentation

The report for the global Automatic Passenger Counting System market is studied across the 4 major segments:

• By Type

o Automated Passenger Counting System
o Automated Passenger Information System

• By Technology

o Infrared
o Stereoscopic Vision
o Time – of – Flight
o Others

• By Application

o Railways
o Roadways
o Airways

The segment for Roadways is expected to witness the highest growth in the market for the automatic passenger counting systems, during the forecast period. The reason for this growth could be the increase in the primary use of the Buses as one of the prominent public transport in many developing and developed countries across the globe.

• By Geography

o North America
o South America
o Asia Pacific
o Europe
o Middle East & Africa

Competitive Landscape

• The major key players operating in this market include -:

o Iris GmbH
o Trapeze Group
o HELLA Aglaia Mobile Vision GmbH
o Synchromatics Corporation
o Eurotech S.p.A
o DILAX Intelcom GmbH
o Retail Sensing Ltd.
o INIT Innovation

o Hitachi Ltd.

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Automatic Passenger Counting System Market


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