Albany, NY -- (SBWIRE) -- 12/07/2018 -- Automatic passenger counting and information systems market can be segmented on the basis of type, devices & components, mode of transport and geography. Based on types, the market for automatic passenger counting and information systems can be segmented into passenger information display systems, passenger information announcement systems, emergency communication systems, infotainment systems, and passenger information mobile applications. On the basis of components, the automatic passenger counting and information system market can be categorized as multimedia displays, networking and communication devices, and sensors. Based on the mode of transport, the market for automatic passenger counting and geography can be segmented into roadways, railways, waterways, and airways. Furthermore, based on geography the automatic passenger counting and information system market is also segmented into four major regions, namely North America, Europe, Asia Pacific, and Rest of the World (Latin America, Middle East, and Africa).
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Increasing need to achieve fleet optimization and demand for smart telematic solutions are collectively driving the automatic passenger counting and information systems market. In addition, technological advancements in the field of passenger information systems and growing urbanization are also supporting the market growth. Government regulations supporting widespread installation of the APC systems in North America have fueled the growth of automatic passenger counting market in the region. The dynamic pricing of tickets and augmentation to existing real-time passenger information systems are the key opportunity areas for the APC market.
Automatic passenger counting provides more accurate information than the conventional manual counting method as sensors are used to provide gross level of ridership. Although high initial cost is the major challenge inhibiting the market growth, especially in the price sensitive emerging economies, relatively quick return on investment is expected to subdue the impact of this challenge in the coming years. The installation of automated counting system is one of the major priorities in the developed economies like North America and Europe owing to its capabilities that enhance transit time efficacy and helps to resolve passenger's complaints quickly.
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Some of the major players in the automatic passenger counting systems market include Eurotech SpA (Italy), iris-GmbH (Germany), Urban Transportation Associates, Inc. (U.S.), DILAX Intelcom GmbH (Germany), and HELLA Aglaia Mobile Vision GmbH (Germany), among others. Major players in passenger information system includes Alstom (France), Cisco Systems, Inc. (U.S.), GE Transportation (U.S.), Hitachi, Ltd. (Japan), Huawei Technologies Co. Ltd. (China), and Siemens AG (Germany).