Market Expansion: Automated Passenger Counting and Information System Market Expected to Reach USD 15.4 Billion
It is projected that the Automated Passenger Counting and Information System Market Size would expand significantly, from USD 9.2 billion in 2024 to USD 15.4 billion in 2029. In the projection period from 2024 to 2029, this market is expected to develop at a strong CAGR of 10.7%, according to a new study by MarketsandMarketsTM.
This expansion is a result of transit operators all around the world implementing automated passenger counting systems in an effort to improve operational effectiveness and accuracy in passenger data gathering. Further driving the market's growth are developments in information systems that offer real-time updates and enhanced passenger experiences.
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The automated passenger counting and information system market is expanding significantly due to advances in technology and the growing demand for public transport. The implementation of government programmes aimed at developing smart cities is crucial since these systems improve both the passenger experience and operational efficiency. Because precise passenger data is essential for handling crises and guaranteeing passenger safety, safety and security considerations are especially crucial. Furthermore, by maximising route planning and cutting fuel usage, these technologies promote environmental sustainability. The increased emphasis on data-driven decision-making enables transportation authorities to improve service quality by making well-informed decisions based on real-time data. The market is expanding because to significant expenditures in smart infrastructure and competitive pressures, which drive companies to innovate and provide better solutions.
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The buses application segment for the APC system is expected to grow fastest during the forecast period.
The use of automated passenger counting systems in bus applications is fueled by a number of important considerations. First off, a significant percentage of everyday commuters use buses as their main form of public transit in urban and suburban locations. As a result, there is an urgent need for precise and effective systems to handle passenger data, improve service reliability, and optimise route planning. Second, in order to comply with ridership data requirements, transit authorities are mandated by regulatory mandates in different regions to establish passenger counting systems for reporting purposes. Thirdly, buses can now offer passengers real-time information about schedules, delays, and occupancy levels thanks to the integration of cutting-edge technologies like IoT sensors and AI-driven analytics. This improves the passenger experience overall. Furthermore, bus-based systems' modular design makes them simple to deploy and scale, meeting the various requirements of various transit operators and fleet sizes. Furthermore, the implementation of automated passenger counting systems in buses is being driven by the growing emphasis on connected and sustainable mobility solutions, as well as the growth of smart city projects. This has the potential to improve operational efficiency and increase passenger satisfaction.
The Time of Flight Technology segment is projected to grow significantly during the forecast period.
A number of strong considerations suggest that the automated passenger counting system market would see expansion in the Time of Flight (ToF) technology category. ToF technology is especially well-suited for accurate passenger counting in a variety of transportation situations, such as buses, trains, and airports, because it provides great accuracy in measuring distances and recognising objects. Because of its capacity to record depth information, it can identify people even in dimly lit areas or congested areas, which increases the accuracy of passenger counting systems. Furthermore, ToF technology makes it possible to collect and process data in real-time, giving passengers and transit operators quick access to information about occupancy levels, wait times, and service updates. ToF sensors are suitable for integration into current infrastructure and mobile devices due to their small size and low power consumption, which allows for deployment flexibility and scalability. Further propelling ToF technology's acceptance in automated passenger counting and information systems are ongoing developments in the field, such as enhanced signal processing algorithms and higher sensor resolution. These advancements are expected to increase management of public transportation's efficiency and accuracy, which will support the market's overall growth in the ToF technology segment.
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Asia Pacific is expected to grow significantly throughout the forecast period.
The information system and automated passenger counting industries in Asia Pacific are expected to grow significantly. In nations such as South Korea, China, and Japan, public transit is the preferred means of transportation, which is one of the main reasons behind the rising demand for these systems in the area. Asia Pacific is predicted to have a sharp increase in the construction and growth of airports, bus terminals, and train lines, which will increase demand for information systems and automated passenger counting. Transit agencies in the region are progressively implementing cutting-edge technologies and systems to improve the services they provide in an effort to draw in and motivate more people to utilise public transportation. Automated passenger counting and information systems are becoming essential in highly populated nations like as China and India. By maximising resource utilisation and guaranteeing dependable and timely transportation services for a sizable population, these systems assist in optimising public transportation routes and schedules based on real-time passenger data. Passenger information systems considerably improve the overall transit experience for passengers by offering real-time updates on schedules, route modifications, vehicle arrival and departure times, and delays. The automated passenger counting and information system market in Asia Pacific is anticipated to increase as a result of this emphasis on enhancing the infrastructure and calibre of services provided by public transport.
Automated Passenger Counting and Information System Companies:
- Eurotech (Italy)
- Iris-GmbH (Germany)
- DILAX Intelcom GmbH (Germany)
- HELLA Agalia Mobile Vision (Germany)
- Infodev EDI (US)
- Siemens (Germany)
- Hitachi (Japan)
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