Market Snapshot

Market Overview

The global Automated Passenger Counting and Information System size is 8 billion USD in 2022 and is projected to reach a CAGR of 10.1% from 2023-2030.

Automated passenger counting systems are referred to as electronic machines that are utilized for counting the number of passengers that board and leave at each stop. This system has substituted schedule checkers that were utilized previously for manually collecting ridership information. Automated Passenger Counting and Information System for supplying users of public transport with information about the nature and state of a public transport service, through visual, voice, or other media. They are also known as Customer Information Systems and Operational Information Systems.

Major factors that are expected to boost the growth of the automated passenger counting and information system market in the forecast period are the technologies developed in the field of passenger information systems are further anticipated to propel the growth of the automated passenger counting and information system market. Moreover, the rise in urbanization is further estimated to cushion the growth of the automated passenger counting and information system market. On the other hand, a rise in the initial cost of the product is further projected to impede the growth of the automated passenger counting and information system market in the timeline period. In addition, alterations needed in existing data systems for deploying automated passenger counting systems will further provide potential opportunities for the growth of the automated passenger counting and information system market in the coming years.

On the other hand, a lack of awareness about the benefits offered by automated passenger counting systems in developing and less developed countries may hamper the growth of the market. Even though the automated passenger counting systems market is growing rapidly in several developed nations, these systems are witnessing low adoption in developing or less developed countries. Several federal- and state-funding agencies require ridership reports to evaluate the performance of transit agencies and offer a general scenario of the demand level for transit services in specific areas.

Government regulations imposed in different countries to deal with the COVID-19 situation had affected the passenger information system market. Some of the regulations included a complete temporary shutdown of manufacturing facilities or their partial operations with a limited workforce, as well as travel restrictions. These regulations have disrupted the global supply chain and impacted the production capacities of companies. The demand for passenger information systems had reduced owing to the impact of COVID-19 on their end-user applications.

Delvens Industry Expert's Standpoint

The automated passenger counting and information system market is expected to rise as a result of technological advancements in the field of passenger information systems. Additionally, it is predicted that increased urbanization may temper market growth for automated passenger counting and information systems. There can be chances that the increase in the product's initial cost will limit the expansion of the market as it can lead to the increased overall cost of the automated passenger counting and information system for the manufacturers.

 

Market Portfolio

Key Findings

• The technology segment is further fragmented into Infrared, Stereoscopic vision, Time of Flight, and Others. The stereoscopic vision is expected to reach the highest CAGR during the forecast period. Stereos vision technology uses ambient lighting of surroundings to easily detect the direction passengers are moving in. It is also able to gather accurate information from high-volume traffic data and this is the reason why it has been gaining traction in the market over the past few years. The downside of it is that it cannot be used in poor or dimly lit places.
   
• The application segment is further segmented into Railways, Roadways, and Airways. The railway segment is expected to dominate the market during the forecast period. Several key cities across the world like New York and Hong Kong have been early adopters of passenger information systems in order to improve the public transportation system and experience. The increase in urbanization and ongoing technical advancements of rail networks in various countries have been driving the market growth.

• On the basis of region, the market is segmented into Asia Pacific, North America, Europe, South America, and Middle East & Africa. The Asia Pacific region is dominating the market. The growth of the market in Asia Pacific can be attributed to the increasing adoption of passenger counting and information systems in transit vehicles to provide reliable, secure, and timely transportation services. The large population base of countries such as China and India and the continuously increasing population of countries such as Australia create requirements for smart transportation networks to ensure a reliable and secure traveling experience for passengers.

 

Regional Analysis

North America to Dominate the Market

• On the other hand, the Automated Passenger Counting and Information System in North America is expanding at a rapid pace due to the high incidence rate of chronic diseases such as diabetes and cardiovascular diseases. Also, Asia Pacific is estimated to expand at a rapid pace during the forecast period owing to a rise in healthcare infrastructure. Moreover, the surge in the geriatric population coupled with chronic diseases is likely to propel the market in the region.
   
• The Automated Passenger Counting and Information System in Latin America and the Middle East & Africa is projected to expand at a steady pace due to a rise in the demand for low-cost infusion therapy in these regions.