The automated passenger counting system market is expected to reach USD 298.0 Million by 2022, at a CAGR of 18.6% between 2017 and 2022, the passenger information system market is expected to reach USD 11.34 Billion by 2022, at a CAGR of 19.9% during forecast period.
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Automated passenger counting systems are used to count the number of boarding and alighting passengers on transit vehicles such as buses, trains, and ferry boats. Automated passenger counting systems help transit operators to analyze the traveling pattern of the passengers to schedule the route and time of the vehicle.
It also helps to improve the transit services and operational efficiency of the service providers. The automated passenger counting system market was valued at USD 105.3 million in 2016 and is expected to reach USD 298.0 million by 2022, growing at a CAGR of 18.6% between 2017 and 2022.
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The passenger information systems provide real-time information such as expected arrival and departure time, schedules, infotainment content, advertisements, and so on. PIS helps improve the traveling experience of passengers and the quality of the transit services, encouraging passengers to use these transit services.
The passenger information system market was valued at USD 3.71 billion in 2016 and is expected to reach USD 11.34 billion by 2022, at a CAGR of 19.9% between 2017 and 2022.
The growth of the automated passenger counting and i…ion system market is propelled by factors such as the advantages offered by APC to transit operators in optimizing operational cost, increasing demand for real-time transit information, rising adoption of advanced solutions in the transport sector, and government regulations such as requirement of ridership data from transit operators on a regular basis.
The key strategies adopted by major players in the automated passenger counting and information system market include agreements, contracts, collaborations, and partnerships. Companies such as Iris-GmbH (Germany), init innovation in traffic systems AG (Germany), Trapeze Group (Canada), Syncromatics Corp.
(U.S.), Hitachi, Ltd. (Japan), Huawei Technology Co., Ltd. (China), and Siemens AG (Germany) are the major companies that adopted these strategies.
Iris GmbH (Germany) is one of the leading players in the automated passenger counting systems market. Iris-GmbH designs, develops, produces, and installs opto-electronic sensors in vehicles for passenger counting.
The company uses the time-of-flight technology to develop devices. The IRMA series of devices produced by the company are widely used in the passenger counting market.
In September 2016, the company added new features to its IRMA MATRIX, an advanced and revolutionary device which uses ToF technology for counting passengers with high accuracy.
In 2016, the company established a new office in Atlanta (U.S.) to serve the growing demand from the North American automated passenger counting system market.
HELLA Aglaia Mobile Vision GmbH (Germany) is one of the prominent players in the automated passenger counting system market, offering 3D sensing products for the transport industry. High accuracy, easy installation, and real-time data access are some of the features of the passenger counters offered by this company.
In September 2016, the company launched APS-R-PoE, an advanced passenger counter specially designed to meet the requirements of the railway industry. The device is capable of bi-directional counting, occupancy monitoring, internal data storage memory, and video recording for verification.
The device uses 3D stereo vision technology for counting with over 98% accuracy.
The other companies involved in the automated passenger counting and information system market include Eurotech S.p.A. (Italy), DILAX Intelcom GmbH (Germany), Infodev Electronic Designers International Inc.
(Canada), Cisco Systems, Inc. (U.S.) Siemens AG (Germany), Hitachi, Ltd. (Japan), Huawei Technology Co., Ltd.
(China), init innovation in traffic systems AG (Germany), Clever Devices Ltd. (U.S.), Retail Sensing Ltd. (U.K.), Syncromatics Corp.
(U.S.), and Trapeze Group (Canada).
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