Automated Passenger Counting and Information System Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Automated Passenger Counting and Information System Market: Overview
Electronic machines that keep a tab on the number of passengers that aboard or alight a vehicle are known as automated passenger counting systems. They are fast supplanting schedule checkers that were earlier leveraged to manually gather ridership information. Automated passenger counting and information systems are efficient and inexpensive as they do not require hiring additional manpower.
Passenger information system, again, is an electronic information system that supplies real time passengers’ information, including predictions about arrival and departure times of transport means.
Overall, automated passenger counting and information system aid in making changes in services in keeping with changing ridership patterns, establishing budgets, and securing funding.
Global Automated Passenger Counting and Information System Market: Key Trends
Driving demand in the global automated passenger counting and information system market is the pressing need to accomplish fleet optimization and demand for smart telematic solutions. Other factors stoking the market are technological progress in the domain of passenger information systems and swift pace of urbanization. The unique perceived benefit of automatic passenger counting is the accuracy of the information as they deploy sensors to detect ridership patterns.
One drawback of automated passenger counting and information systems is that they are expensive to install. This has been acting as a roadblock to their swift sales particularly in the price sensitive emerging economies. However, the quick return on investment that they provide, will likely help overcome such challenges to the growth in the market.
Global Automated Passenger Counting and Information System Market: Market Potential
The global market for automated passenger counting and information system is making gigantic strides and going forward too is slated to hold on to the momentum. The dynamic pricing of tickets and bettering existing real-time passenger information systems have been creating substantial opportunity in the Asia Pacific.
The market for automated passenger counting and information system can be classified based on different parameters. Based on type, for example, the market for automated passenger counting and information systems can be divided into passenger information display systems, emergency communication systems, passenger information announcement systems, infotainment systems, and passenger information mobile applications. Depending upon components, the market can be segmented into sensors, multimedia displays, and networking and communication devices. Further, depending upon the mode of transport, the market can be segregated into roadways, waterways, railways, and airways.
Global Automated Passenger Counting and Information System Market: Regional Outlook
Geography-wise, the global market for automatic passenger counting and information system can be divided into Asia Pacific, North America, Europe, and the Rest of the World comprising of Latin America, Middle East, and Africa. Government mandates supporting deployment of such systems in North America, has made it a key market. Europe is another key market. The installation of automated counting and information system helps improve transit time efficacy and helps to resolve passenger’s complaints quickly. This has driven their demand in first world countries of North America and Europe.
Global Automated Passenger Counting and Information System Market: Competitive Analysis
To assess the competition prevailing in the global market for automated passenger counting and information system market, the report profiles players such as Eurotech SpA, DILAX Intelcom GmbH, iris-GmbH, Urban Transportation Associates, Inc., and HELLA Aglaia Mobile Vision GmbH. Prominent names in the passenger information system includes Alstom, Cisco Systems, Inc., Siemens AG., GE Transportation, Hitachi, Ltd., and Huawei Technologies Co. Ltd.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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