Forecasts show that the global Automated Passenger Counting and Information System Market will rise significantly, from USD 8.0 billion in 2022 to USD 12.5 billion by 2027, or a compound annual growth rate of 9.4%.

Government rules in several countries that require fleet operators to regularly disclose ridership statistics to government authorities are a major driving force behind this market expansion. Because of this requirement, automated passenger counting systems are becoming more and more popular. These systems allow for more precise and effective passenger tracking in public transportation, which boosts the market's overall growth.

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

Passenger information systems accounted for a bigger share of the market in 2021, contributing significantly to the industry. Bus transit operators can optimise routes and schedules depending on customer travel patterns thanks to the insightful information provided by these systems. Passenger counting systems have become more popular due to the competitive environment among bus operators, which is spurred by the need to improve services and draw in more passengers. These devices have proven essential for maintaining bus operations throughout the difficulties caused by the COVID-19 pandemic, in addition to helping with real-time passenger tracking. The railway industry has also used passenger information systems, which provide real-time data on car occupancy.

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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 increase at the fastest compound annual growth rate (CAGR). Stereoscopic vision technology has been gaining a lot of popularity in the industry lately since it can collect accurate data from busy areas. This technology is unique in that it can precisely identify the directions in which passengers are moving, which makes it a useful tool for monitoring and evaluating passenger behaviour. Automated passenger counting systems having Stereoscopic Vision capabilities can be used for a variety of tasks, such as identifying fraudulent activity by comparing ticket sales and passenger counts. By optimising vehicle routes based on passenger data analysis, it improves the overall effectiveness of transit operations. This affects traffic flow and travel patterns. With the use of this technology, bus operators can accurately count the number of passengers at each stop or throughout each trip, which increases income by allowing accurate cross-verification of passenger counts with ticket sales. The application of Stereoscopic Vision technology has the potential to significantly transform the precision and effectiveness of passenger counting systems now available in the market.

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

From 2022 to 2027, the Automated Passenger Counting System Market is expected to develop at the fastest compound annual growth rate (CAGR) in the Asia Pacific region. The increased use of passenger counting systems in transit vehicles, which meet the region's demand for dependable, safe, and timely transportation services, is blamed for this growing surge. Automated systems for counting passengers are essential for obtaining accurate information about the quantity of people getting on and off public transport. Transit operators can use this information to examine passenger travel patterns along certain routes and the schedules that correspond with those routes. The need for intelligent transport networks is fueled by the enormous populations of nations like China and India, as well as by the ongoing population expansion of areas like Australia. The Asia Pacific region has made a substantial contribution to the worldwide growth of the automated passenger counting system market since these networks are necessary to guaranteeing a trustworthy and secure travelling experience for passengers.

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.

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