Automated Passenger Counting Market Explored in Latest Research Forecast Period Forthcoming Years
From 2020 to 2027, the Automated Passenger Counting System Market is anticipated to expand at a CAGR of 13.2%. The market for passenger information systems, which was valued at USD 7.0 billion in 2019, is anticipated to increase at a CAGR of 12.5% to reach USD 8.9 billion by 2027. The growth of the Automated Passenger Counting and Information System is primarily driven by government regulations regarding the requirement of transit data, a surge in demand for advanced solutions in the transportation industry, the deployment of automated passenger counting systems to optimise operational costs of transit agencies, and increased demand for real-time transit information from passengers and proper fleet management by transit vehicle operators as a result of COVID-19. Major Tier I and II players such as iris-GmbH Infrared & Intelligent Sensors (Germany), HELLA Aglaia Mobile Vision GmbH (Germany), Eurotech (Italy), DILAX Intelcom GmbH (Germany), and Infodev Electronic Designers Interna