Innovative Commuting: Global Automated Passenger Counting Systems Market Eyes $12.5 Billion Mark

With a projected Compound Annual expansion Rate (CAGR) of 9.4%, the Automated Passenger Counting and Information System Market is expected to experience significant expansion, rising from USD 8.0 billion in 2022 to USD 12.5 billion by 2027. APC Systems and Passenger Information Systems (PIS) are the two main market segments. Accurate passenger counting is greatly aided by APC Systems, which are further categorised according to technologies including stereoscopic vision, time-of-flight (ToF), and infrared (IR). The PIS segment, on the other hand, consists of infotainment and display systems that improve the overall travel experience. During the projected period, the market's expansion is anticipated to be driven by the growing demand for modern technology in public transportation, along with an emphasis on enhancing passenger convenience and operational efficiency.

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Government laws in several nations requiring fleet operators to submit ridership statistics on a regular basis to government authorities have played a major role in driving the market growth for automated passenger counters. The significance of precise and timely data collection for public transport systems is emphasised by these laws. This need is met by the installation of APC systems, which offer a dependable method for accurately counting and recording passenger counts. This helps transportation authorities optimise their services based on precise passenger data, which enhances operational efficiency and improves public transit services. It also guarantees compliance with regulatory standards.

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

Passenger information systems became the market's dominating category in 2021. By providing bus transit operators with insights about passenger travel patterns, these systems are essential in enabling efficient route and schedule scheduling. The extensive use of passenger counting devices has been spurred by the competitive environment among bus operators, who are motivated by the need to increase customer base and improve service quality. These tools have proven essential in providing real-time information to monitor and optimise bus operations, guaranteeing a smooth and safe travel experience, especially during the COVID-19 pandemic. Beyond buses, passenger information systems are becoming more and more useful in trains. They provide real-time occupancy data, infotainment features, and emergency communication systems to improve passenger safety.

Stereoscopic Vision technology is projected to witness the highest CAGR during the forecast period

Throughout the forecast period, stereoscopic vision technology is expected to grow at the fastest rate possible. The capacity of this technology to get accurate data from heavy traffic volumes has led to its increased attention in recent years. Its effectiveness also extends to precise direction of travel detection for passengers. Automated passenger counting systems with Stereoscopic Vision technology are useful for many things. They can be used to analyse passenger travel patterns, assess traffic flow dynamics, optimise transit operations by scheduling vehicle routes efficiently, and detect fraud by comparing passenger counts with ticket sales. By cross-referencing passenger counts with tickets that have been issued, the use of Stereoscopic Vision technology enables bus operators to determine the precise number of passengers at each stop or during a trip, resulting in higher operating earnings.

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

Asia-Pacific's automated passenger counting system market is anticipated to grow at the fastest rate possible between 2022 and 2027. The increasing use of passenger counting systems in transit vehicles, which aims to provide dependable, safe, and timely transportation services, is the driving force behind this rise. Automated passenger counting systems are essential for supplying accurate information about the quantity of people getting on and off public transport. This data helps transportation operators do a thorough analysis of passenger travel trends on certain routes and the timetables that go along with them. The significant populations of China, India, and Australia, as well as the ongoing population expansion in these countries, highlight the need for sophisticated smart transportation networks in order to provide safe and dependable travel 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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