Automated Passenger Counting System Market 2019 Global Trends, Sales Revenue, Growth Factors, Business Strategy, Competitive Landscape and Regional Forecast to 2022
Market Research Future published a research report on “Global Automated Passenger Counting System Market Research Report – Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Pune, India – January 14, 2019 /MarketersMedia/ —
Market Scenario:
Automated passenger counting system uses electronic sensors for recording boarding and alighting data of passengers. The global automated passenger counting system market is projected to grow at a CAGR of 20 % during the forecast period of 2016 to 2022.
Market Dynamics:
Explosive Growth And Growing Complexity Of Travel And Tourism Is The Prime Driver Of The Market
The explosive growth of travel and tourism, increasing concern of passenger security, growing complexity, and means of travel, demand for real-time information, and customer satisfaction are the prime drivers of the market. Effective management of crowd help to mitigate concerns of security especially in public transport systems is an essential paradigm behind the adoption of passenger counting system.
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Development Of Automation And Sensor Technology, And Advent Of Analytics Is Expected To Be The Future Of The Market
The developments in automation and sensor technology, advent of analytics, benefits of price discovery, cost-effectiveness owing to automation, increasing necessity to achieve fleet optimization, demand for smart telematics solutions forecasting, business and operations intelligence gained by the advantage of the passenger counting systems are driving greater adoption. Elimination of errors resulting from manual paperwork, the convergence of information at a single platform and others are the technological drivers of the market. The real-time information presented by systems which help in forewarning about an untoward event, thereby contributing to take corrective action is another driver of the market. Development of greater functionality such as surveillance, capacity prediction, and others are also fuelling the demand.
The pricing of tickets and upgrading to real-time passenger information systems are the most extensive market opportunities for the automated passenger counting system market. The better accuracy and generation of transit use patterns by linking boarding and alighting data with stop or station location is another market opportunity.
Key Players
The key players of global Automated Passenger Counting System Market report include Ris-GmbH (Germany), HELLA Aglaia Mobile Vision GmbH (Germany), 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), Clever Devices Ltd. (U.S.), Retail Sensing Ltd. (U.K.), Syncromatics Corp. (U.S.), and Trapeze Group (Canada) and others.
Automated Passenger Counting System Global Market – Competitive Analysis
The market of automated passenger counting system appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
Automated Passenger Counting System Global Market – Segmentation
The automated passenger counting system market can be classified into 4 key segments for the convenience of the report and enhanced understanding;
• Segmentation by Type: Comprises of Passenger Information Display Systems, Passenger Information Announcement Systems, Emergency Announcement Systems, Infotainment Systems and Passenger Information Mobile Application
• Segmentation by Technology: Comprises of Infrared, Stereoscopic Vision, Time-of-Flight and Others
• Segmentation by Application: Comprises of Railways, Roadways and Airways
• Segmentation by Region: Comprises of Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
Automated Passenger Counting System Global Market – Regional Analysis
Asia Pacific is expected to witness a significant growth and hold the largest market share during the forecast period. Ease of integration of automated passenger counting systems with other solutions is another major factor driving the growth of automated passenger counting system market in Asia Pacific region. Automated passenger counting system market in North America is expected to grow at a substantial CAGR during 2017 to 2023 due to increasing use of internet-based services for timely transit updates in the region. Automated passenger counting system market in North America is expected to grow at a substantial CAGR during 2017 to 2023 due to rise in demand for advanced solutions in the transport sector in the region. Also, the presence of established key players such as Infodev Electronic Designers International Inc. and Cisco Systems, Inc. is responsible for fuelling the growth of automated passenger counting system market. Whereas, the Europe market for automated passenger counting system is expected to grow at a considerable CAGR (2017-2023).
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Intended Audience
• Automated passenger counting system Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Software Developers
• Vendors
• Semiconductor Manufacturers
• Stakeholders
• End-user sectors
• Technology Investors
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Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 469774
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