A new Report by Delvens, titled "Automated Passenger Counting and Information System Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market. Automated Passenger Counting and Information System Market size is 8 billion USD in 2022 and is projected to reach a CAGR of 10.1% to Forecast 2030.
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The automated passenger counting and information system market is expected to rise as a result of technological advancements in the field of passenger information systems. Additionally, it is predicted that increased urbanization may temper market growth for automated passenger counting and information systems. There can be chances that the increase in the product's initial cost will limit the expansion of the market as it can lead to the increased overall cost of the automated passenger counting and information system for the manufacturers.
Recent Developments
In April 2021, Eurotech launched the HPEC system for transportation, which provides high-performance networking in vehicles.
In April 2021, DILAX Intelcom launched the Dilax Structured Light Sensor. This optical 3D sensor operates based on structured light technology. It can count and detect an object even in difficult lighting conditions, such as darkness or overexposure.
The Prominent Players in Automated Passenger Counting and Information System are:
· Cisco Systems, Inc.
· Clever Devices Ltd.
· Dilax Intelcom GmbH
· Eurotech S.P.A.
· Hella Aglaia Mobile Vision GmbH
· Hitachi, Ltd.
· Huawei Technology Co., Ltd
· Infodev Electronic Designers International Inc.
· Siemens AG
· Trapeze Group and More
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The technology segment is further fragmented into Infrared, Stereoscopic vision, Time of Flight, and Others. The stereoscopic vision is expected to reach the highest CAGR during the forecast period. Stereos vision technology uses ambient lighting of surroundings to easily detect the direction passengers are moving in. It is also able to gather accurate information from high-volume traffic data and this is the reason why it has been gaining traction in the market over the past few years. The downside of it is that it cannot be used in poor or dimly lit places.
The application segment is further segmented into Railways, Roadways, and Airways. The railway segment is expected to dominate the market during the forecast period. Several key cities across the world like New York and Hong Kong have been early adopters of passenger information systems in order to improve the public transportation system and experience. The increase in urbanization and ongoing technical advancements of rail networks in various countries have been driving the market growth.
On the basis of region, the market is segmented into Asia Pacific, North America, Europe, South America, and Middle East & Africa. The Asia Pacific region is dominating the market. The growth of the market in Asia Pacific can be attributed to the increasing adoption of passenger counting and information systems in transit vehicles to provide reliable, secure, and timely transportation services. The large population base of countries such as China and India and the continuously increasing population of countries such as Australia create requirements for smart transportation networks to ensure a reliable and secure traveling experience for passengers.
North America to Dominate the Market
On the other hand, the Automated Passenger Counting and Information System in North America is expanding at a rapid pace due to the high incidence rate of chronic diseases such as diabetes and cardiovascular diseases. Also, Asia Pacific is estimated to expand at a rapid pace during the forecast period owing to a rise in healthcare infrastructure. Moreover, the surge in the geriatric population coupled with chronic diseases is likely to propel the market in the region.
The Automated Passenger Counting and Information System in Latin America and the Middle East & Africa is projected to expand at a steady pace due to a rise in the demand for low-cost infusion therapy in these regions.
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Frequently Asked Questions
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Key Features of Global Market Report:
· Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
· Identify growth opportunities for stakeholders by pinpointing high-growth segments.
· Study global industries status and forecast, focusing on key regions.
· Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
· Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
· Assist in making strategic business decisions and investment plans.
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