Overview and Scope
Automated passenger counting systems refer to electronic devices that accurately record the number of passengers boarding and alighting in transit vehicles. These systems are used to optimize operational costs, provide real-time transit information, and enhance the passenger experience. They help transit operators improve accuracy in reporting patronage data and analyzing transit use patterns.
Sizing and Forecast
The automated passenger counting system market size has grown strongly in recent years. It will grow from $8.85 billion in 2023 to $9.72 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to the rising need to optimize the operational costs of transit operators, rising urban density and public transportation usage, rising demand for real-time transit information, rising demand for public transportation, and growing environmental awareness are encouraging modal shifts towards public transportation.
The automated passenger counting system market size is expected to see strong growth in the next few years. It will grow to $13.48 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to the growing technological developments in automated passenger counting systems, growing urbanization, demand for analytics, growing public transit ridership, rising demand for smart telematic solutions. Major trends in the forecast period include technological advancements in automated passenger counting systems, integration of advanced analytics and AI, government support amplifies APC system market potential, integration with IoT, multi-modal integration.
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Segmentation & Regional Insights
The automated passenger counting system market covered in this report is segmented –
1) By Type: Display Systems, Mobile Applications, Infotainment Systems, Announcements, Other Types
2) By Technology: Video Analytics, Infrared, Light Detection And Ranging (Lidar), Stereoscopic Vision, Time-Of-Flight, Wi-Fi Tracking
3) By Application: Airports, Buses, Ferries And Cruise Ships, Railways, Trams And Metros, Other Applications
Asia-Pacific was the largest region in the automated passenger counting system market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the automated passenger counting system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising public transportation usage is expected to propel the growth of the automated passenger counting system market going forward. Urban public transportation usage refers to the effective and efficient utilization of public transport vehicles and services by the general public. Public transportation usage is on the rise due to increasing traffic congestion, increasing investments in public transportation infrastructure, and rising fuel costs. Automated Passenger Counting Systems (APC) are utilized in urban public transportation to accurately track and monitor passenger numbers, facilitating efficient resource allocation, schedule planning, and service optimization. For instance, in August 2023, according to a report by Seoul Metropolitan Government, a Korea-based local government in Seoul, public transportation was used 9.42 million times on average per day last year, with a 14% (+70,000) increase in daily utilization throughout the day. In 2022, there were 330 million more people using public transportation overall than in 2021, with an average daily increase of 11% (+900,000). Therefore, rising public transportation usage is driving the growth of the automated passenger counting system market.
Key Industry Players
Major companies operating in the automated passenger counting system market are Robert Bosch GmbH, Hitachi Ltd., Huawei Technology Co. Ltd., Siemens AG, Cisco Systems Inc., Mitsubishi Electric Corporation, Honeywell International Inc., Thales Group, Hikvision Digital Technology Co. Ltd., Wabtec Corporation, Indra Sistemas S.A., Advantech Co. Ltd., Cubic Corporation, Daktronics Inc., Samsara Networks Inc., Nexcom International Co. Ltd., INIT SE, Teleste Oy, Postec Technology, Cleveron AS, Clever Devices Ltd., Eurotech Holdings Ltd., Iris-GmbH Infrared & Intelligent Sensors, DILAX Intelcom GmbH, HELLA Aglaia Mobile Vision GmbH, Infodev Electronic Design & Information Technologies Ltd., Syncromatics Corporation, Trapeze Group, Euclid Labs, LILEE Systems Ltd.
The automated passenger counting system market report table of contents includes:
- Executive Summary
- Automated Passenger Counting System Market Characteristics
- Automated Passenger Counting System Market Trends And Strategies
- Automated Passenger Counting System Market – Macro Economic Scenario
- Global Automated Passenger Counting System Market Size and Growth
- Automated Passenger Counting System Market Segmentation
- Automated Passenger Counting System Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Automated Passenger Counting System Market
- Automated Passenger Counting System Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Automated Passenger Counting System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Automated Passenger Counting System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Automated Passenger Counting System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Robert Bosch GmbH Financial Performance
Table 75: Hitachi Ltd. Financial Performance
Table 76: Huawei Technology Co. Ltd. Financial Performance
Table 77: Siemens AG Financial Performance
Table 78: Cisco Systems Inc. Financial Performance
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