Automated Passenger Counting System Market Noticeable Growth, Size, Share, Business Opportunities, Forecast 2027


Posted June 10, 2022 by avinashgogawale14

The Automated Passenger Counting and Information System Market Size is expected to grow from USD 8.0 billion in 2022 to USD 12.5 billion by 2027, at a CAGR of 9.4%.
 
The Automated Passenger Counting And Information System Market Size is expected to grow from USD 8.0 billion in 2022 to USD 12.5 billion by 2027, at a CAGR of 9.4%. Country-wise regulations regarding the requirement of transit data, surging demand for advanced automation solutions in the transportation sector, and deployment of automated passenger counting systems to optimize operational costs of transit agencies are the key driving factors for the growth of the automated passenger counting and information system market.

The Automated Passenger Counting System Market is expected to grow at a higher CAGR during 2022–2027. The increasing awareness of benefits offered by automated passenger counting systems among fleet operators is driving the growth of the market across the world. Automated passenger counting systems use infrared, stereoscopic vision, and time-of-flight technologies to count the number of passengers. They can also be integrated with onboard GPS to link passenger data with the location of vehicles. This enables transit agencies to analyze passenger data based on their location, travel direction, and travel time.

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

Infrared-based Automated Passenger Counting System Market for buses is projected to grow at the highest CAGR during the forecast period. The installation of automated passenger counting systems using infrared technology in buses helps the transporters to determine the cost per passenger mile and the number of passengers per driver. This data further leads to decision-making for optimized operations. Hence, the deployment of automated passenger counting systems has become a standard for bus operators. Infrared is among the simplest technologies used in automated passenger counting systems. It counts the total number of passengers boarding and alighting vehicles by counting the number of times the infrared beam of the sensors is interrupted by a passenger entering or exiting a vehicle. These sensors can either be passive or active.

The transport industry in North America is well-developed, and transit operators use passenger information systems to improve their service offerings and enhance passengers’ traveling experience. The transit operators in the region have realized the importance of passenger information systems and, as such, have started using them on a large scale passengers. Some other factors driving the growth of the market in North America include increased government investments to enhance their public transport services and the requirement of passenger data by the government agencies.

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

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: [email protected]

Visit Our Website: https://www.marketsandmarkets.com
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Avinash
Phone +1-888-600-6441
Business Address Tower B5, office 101, Magarpatta SEZ,
Hadapsar, Pune-411013, India
Country India
Categories Business , Industry , Semiconductors
Tags automated passenger counting system market
Last Updated June 10, 2022