The automated passenger counting system market is predicted to touch USD 300 million at a 20% CAGR between 2016- 2022, states the recent Market Research Future (MRFR) analysis. Automated passenger counting (APC) systems are electronic devices that records passenger boarding as well as alighting in transit cars for each trip operated. It has wide applications in airways, roadways, and railways.
Various factors are propelling the global automated passenger counting system market share. According to the recent MRFR report, such factors include the regulations by the government about the need for transit data, demand for advanced solutions in the transportation industry, demand for real-time transit information from passengers, deployment of automated passenger counting systems for optimizing the operational cost of transit agencies, demand for automatic passenger counting software, increasing use of automatic passenger counting systems for public transport & proper management of fleet by transit vehicle operators.
The MRFR report highlights an inclusive segmental analysis of the global automated passenger counting system market based on end users, applications, and technology.
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Key contenders profiled in the global automated passenger counting system market report include Trapeze Group (Canada), Syncromatics Corp. (U.S.), Retail Sensing Ltd. (U.K.), Clever Devices Ltd. (U.S.), Huawei Technology Co., Ltd. (China), Hitachi, Ltd. (Japan), Siemens AG (Germany), Cisco Systems, Inc. (U.S.), Infodev Electronic Designers International Inc. (Canada), DILAX Intelcom GmbH (Germany), Eurotech S.p.A. (Italy), HELLA Aglaia Mobile Vision GmbH (Germany), and Ris-GmbH (Germany).
Based on the region, the global automated passenger counting system market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, Latin America & the Rest of the World (RoW). Of these, North America will spearhead the market over the forecast period. Early adoption of these systems in the US is adding to the global automated passenger counting system market growth in the region.
In Europe, the automated passenger counting system market in Europe is predicted to hold the second-largest share during the forecast period. The burgeoning demand for automated passenger counting system as it helps to quickly resolve passenger complaints and also improve transit time efficacy is adding to the growth of the market in the region.
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