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.

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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.

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Categories Business , Industry , Semiconductors
Tags automated passenger counting system market
Last Updated June 10, 2022