Counting the Ways: A Comprehensive Look at the Automated Passenger Counting and Information System Market

It is projected that the global Automated Passenger Counting and Information System Market would reach a value of USD 12.5 billion by 2027, up from USD 8.0 billion in 2022. A research study by MarketsandMarkets goes into detail about this strong growth, which is anticipated to have a Compound Annual Growth Rate (CAGR) of 9.4%. The research includes a thorough market analysis that makes a distinction between PIS (passenger information systems) and Automated Passenger Counting (APC) systems. Based on technology, such as stereoscopic vision, time-of-flight (ToF), and infrared (IR), the APC system market is examined in further detail. In contrast, the PIS market is divided into categories such as Infotainment Systems and Display Systems.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=17856390

Automated Passenger Counting and Information System Market

Government rules in some countries are a major factor driving the growth of the market for automated passenger counting systems. Fleet operators are required by these requirements to submit ridership statistics to government agencies on a regular basis. Automated passenger counting systems have been adopted by transportation authorities due to the need for precise and timely data. These technologies allow for the efficient and accurate tracking of passenger counts across many transport modes in addition to guaranteeing adherence to regulatory standards. The drive from regulations highlights how important it is for the transport industry to have accurate and transparent data.

Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=17856390  

Passenger information systems accounted for a larger share of the market in 2021

Passenger information systems asserted a sizable market share in 2021. In the transportation industry, these systems are essential, especially for bus transit operators that want to tailor their schedules to the travel habits of their passengers. The use of passenger counting technologies has increased due to the increased competition among bus operators to provide better services and draw in more passengers. Real-time data from these devices helps transit operators manage bus operations more effectively, which was especially important during the COVID-19 pandemic. Additionally, the railway industry is finding more and more use for passenger information systems, which offer infotainment and real-time occupancy data. By using emergency communication systems, they effectively handle possible crises and enhance passenger safety.

Stereoscopic Vision technology is projected to witness the highest CAGR during the forecast period

Over the course of the projected period, stereoscopic vision technology is expected to grow at the fastest rate (CAGR). Because of this technology's capacity to extract accurate information from large volumes of data flow, it has become increasingly popular in recent years. When it comes to reliably identifying the directions of passenger movement, stereoscopic vision technology shines. By comparing passenger counts with ticket sales, automated passenger counting systems that make use of this technology are crucial in the detection of fraud. Moreover, it facilitates traffic flow analysis, offers insights into passenger travel patterns, and optimises vehicle route scheduling to improve the efficiency of transit operations. More specifically, stereoscopic vision technology enables bus operators to determine the precise number of passengers at each stop or journey.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/automatic-passenger-counting-information-system-market-17856390.html

Automated passenger counting system market in Asia Pacific is projected to grow at the highest CAGR from 2022 to 2027

Between 2022 and 2027, the Automated Passenger Counting System Market in Asia Pacific is anticipated to grow at the highest Compound Annual Growth Rate (CAGR). The increasing use of passenger counting systems in transit vehicles, which guarantee the provision of dependable, safe, and timely transportation services, is driving this increase. These systems provide accurate information about how many people are getting on and off of transit vehicles, which allows transit operators to examine passenger travel trends and schedule adherence for certain routes. The necessity for intelligent transport networks is highlighted by the sizeable populations of China and India as well as the ongoing population increase of Australia. Despite rising demand, these networks seek to provide travellers with a trustworthy and safe travel experience.

Eurotech (Italy), HELLA Aglaia Mobile Vision (Germany), and iris-GmbH (Germany) are some of the key manufacturers of Automated passenger counting system market in Asia Pacific.

News Covered:

https://www.prnewswire.com/news-releases/automated-passenger-counting-and-information-system-market-worth-12-5-billion-by-2027--exclusive-report-by-marketsandmarkets-301530029.html  

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. 

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com

Comments

Post a Comment

Popular posts from this blog

Trends Shaping the Environmental Test Chambers Market

The   Environmental Test Chambers Market Size  is expected to rise steadily; estimates show that it will reach USD 938 million by 2024 from USD 842 million in 2019, a compound annual growth rate (CAGR) of 2.18%. The most recent market research report outlines this growth trajectory and highlights the several variables that are driving this expansion. A variety of industrial verticals, including aerospace and defence, automotive, telecommunications, and electronics, are served by the market's segmentation based on type, which includes temperature and humidity chambers, customised chambers, and thermal shock chambers. Over the course of the forecast period, factors like strict regulatory requirements, rising need for dependable testing solutions, and technical developments in environmental testing equipment are anticipated to drive market expansion. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228 The environmental test chambers mar...
Read more

Microwave Revolution: Unraveling the Monolithic Microwave IC Market

Image
The   Monolithic Microwave IC Market  showed strong growth, reaching a worth of USD 9.7 billion in 2022 and expected to reach USD 17.0 billion by 2027. It is anticipated that the market would expand at a notable compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. This growth trend shows how Monolithic Microwave Integrated Circuits (MMICs) are becoming more and more popular in a variety of industries. MMICs are essential parts of applications like consumer electronics, aircraft, defence, and telecommunications because of their small size and excellent performance at microwave frequencies. Technological developments, the growing need for high-frequency communication systems, and the extensive use of MMICs in developing technologies are the main factors propelling the market's growth. The MMIC market is expanding significantly due to a number of important factors. The smartphone industry is a major trigger for the spike in demand for Monolithic Microwave Integrated Cir...
Read more

Empowering Connectivity: RF Gallium Nitride Market on Track for $2.8 Billion by 2028

With a projected value of USD 2.8 billion by 2028, the global   RF Gallium Nitride (GaN) Market   is expected to experience significant expansion from its estimated USD 1.5 billion valuation in 2023. Over the course of the forecast period, this projected growth translates into a strong compound annual growth rate (CAGR) of 12.9%. Technological developments, the growing need for high-frequency and high-power devices, and the broad use of GaN technology in a variety of industries, including the automotive, aerospace and defence, and telecommunications sectors, are all considered contributing factors to the market value increase. The market is anticipated to experience substantial growth in the upcoming years as GaN continues to establish itself as a favoured material for RF applications because of its excellent qualities, such as high electron mobility and thermal stability. Download PDF Brochure:   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597 There are...
Read more