The automated passenger counting and information system (APCIS) market has experienced rapid growth, rising from $8.77 billion in 2023 to $9.86 billion in 2024, reflecting a CAGR of 12.5%. This growth is attributed to the digitalization of public transportation, rising urban populations, and government mandates for service quality. The APCIS market is expected to reach $15.85 billion by 2028, with a CAGR of 12.6%. Factors such as sustainability, increased investments in public transportation infrastructure, and a focus on passenger experience will drive this expansion. Notable trends include the integration of IoT technologies and advanced data analytics.
Major Driver In The Automated Passenger Counting And Information System Market
The rising demand for public transportation is projected to drive the growth of the automated passenger counting and information system market. Public transportation, including buses, trains, and subways, is crucial for efficient and cost-effective mobility. This demand is growing due to urbanization, environmental concerns, and the need for sustainable options. Automated systems optimize route planning, manage vehicle occupancy, and provide real-time information. The American Public Transportation Association reported 7.1 billion transit trips in 2023, a 16% increase from 2022. This surge in public transportation usage is driving the automated passenger counting and information system market.
Request A Free Sample Of The Automated Passenger Counting And Information System Market Report
Automated Passenger Counting And Information System Market Competitive Landscape
Hitachi Ltd., Siemens AG, Cisco Systems Inc., Clever Devices Ltd., Eurotech S.p.A., Xovis AG, Infodev EDI, Dilax Intelcom GmbH, Masstrans Technologiies LLC, Iris-GmbH Infrared & Intelligent Sensors, Hella Aglaia Mobile Vision GmbH, GMV Syncromatics LLC, Exeros Technologies Inc., ETA Transit Systems GmbH, Bluesurge Technologies LLC, R2P GmbH, Passio Technologies Inc., Postec Technology, Retail Sensing Ltd., R-Com Consulting Ltd., Eyeride Corporation
Key Automated Passenger Counting And Information System Market Trend
Major companies in the automated passenger counting and information system market are enhancing data accuracy and passenger flow management with advanced technologies. For instance, in March 2023, AeroCloud, a UK-based airport management software company, launched AeroCloud Optic, a passenger tracking solution utilizing computer vision to monitor passengers in real time. This system identifies operational bottlenecks, such as long wait times at check-in or security, and sends alerts to improve airport efficiency.
Purchase The Global Automated Passenger Counting And Information System Market Report Directly And Get A Swift Delivery
Automated Passenger Counting And Information System Market Segmentation
The automated passenger counting and information system market covered in this report is segmented –
1) By Type: Passenger Informed Display Systems, Passenger Informed Announcement Systems, Emergency Announcement Systems, Infotainment Systems, Passenger Information Mobile Application
2) By Technology: Infrared, Stereoscopic Vision, Time-Of-Flight, Other Technologies
3) By Device And Component: Sensors, Public Announcement Systems, Multimedia Display, Networking And Communication Devices
4) By Application: Roadways, Railways, Airways, Waterways
By Geography:The regions covered in the automated passenger counting and information system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the automated passenger counting and information system market in 2023.
The Automated Passenger Counting And Information System Global Market Report 2024 furnishes information about the global automated passenger counting and information system market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
