Global Passenger Count System Market Overview:
Passenger counting systems are electronic machines used for counting the number of passengers that board and leave at every stop. This system has replaced schedule checkers that were used earlier for manually collect ridership information. This method collects ridership for each single trip operated, passenger counting systems are efficient, and it prices less to gather the ridership to collect via apc units and one does not hire employees for manual collection. Technological advancement within the field of passenger information systems and growing urbanization is also supporting the expansion of the market. Government rules for the widespread installation of APC systems in developing countries have fuelled the demand for the passenger counting system.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Adoption in The Public Transports
Market Growth Drivers:
Government Regulations Regarding the Requirement of Transit Data, Increase In Adoption of The Smart Solutions Across Transportation and Increased Adoption of The Passenger Information Systems
Challenges:
Lack Of Awareness About Benefits Offered and Supply Chain Disruptions
Restraints:
High Cost of Installation and High Cost of Maintenance
Opportunities:
Technological Advancements in Passenger Counting Systems and Increasing Initiatives from The Government
Competitive Landscape:
Some of the key driving factors of the passenger counting market are government regulations regarding the requirement of transit data, surged demand for advanced solutions in the transportation sector, deployment of passenger counting systems to optimize operational costs of transit agencies, and increased demand for real-time transit information from passengers and proper fleet management by transit vehicle operators
Some of the key players profiled in the report are iris-GmbH Infrared & Intelligent Sensors (Germany), HELLA Aglaia Mobile Vision GmbH (Germany), Eurotech S.p.A. (Italy), DILAX Intelcom GmbH (Germany), Infodev Electronic Designers International Inc. (Canada), Cisco Systems, Inc. (United States), Siemens AG (Germany), Hitachi, Ltd. (Japan), Samsung Electronics Co., Ltd. (South Korea) and Innovation in Traffic Systems SE (Germany). Analyst at AMA Research see United States Players to retain maximum share of Global Passenger Count System market by 2028. Considering Market by Devices, the sub-segment i.e. Sensors will boost the Passenger Count System market.
In June 2020, INIT introduced real-time passenger investigating solutions to ensure the specified social distancing among onboard passengers. Init automatic traveler investigating (APC) systems and MOBILE-ITCS cellular-based radio aboard offered by the company are used to manage the load capacities of vehicles in the time period. Transit agencies then relay this info to passengers through passenger info systems or the DEPARTURESlive app of INIT and other third-party apps.
What Can be Explored with the Passenger Count System Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Passenger Count System Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Passenger Count System
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Passenger Count System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Passenger Count System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Providers of Passenger Count System, Governmental and Regulatory bodies and End-Users.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.