Automatic Passenger Counting and Information System Market Size, Share, Trends 2020
Deerfield Beach, FL -- (SBWIRE) -- 01/04/2017 -- Automatic passenger counting and information system is an electronic device utilized by many public transit vehicles which correctly records boarding and alighting data. Automatic passenger counting system can be used autonomously as well as being integrated into existing system structures. The automatically transferred counting data is processed by statistical tool. This device offers reliable and permanent data on the degree of utilization of vehicles used in public transit systems.
The global automatic passenger counting and information system market is mainly driven by growing demand for smart telematic solutions coupled with technological advancement is expected to positively affect on market within the forecast period. Additionally, government support and increasing urbanization are anticipated to fuel the growth in the years to come. However, high installation cost of the system may curb the market growth during the forecast period. Furthermore, dynamic ticket pricing and increasing adoption of real time passenger information systems may open up new avenues for the growth of the market in the years to come.
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The report provides a compressive view of the automatic passenger counting and information system market based on system, devices, applications and region. The automatic passenger counting and information system market can be classified in terms of systems into passenger information display systems, passenger information announcement systems, emergency communication systems and others. Passenger information display system is the leading segment and expected to witness significant growth over the forecast period.
Based on device, the market has been segmented into multimedia displays, networking and communication devices and sensors. In terms of revenue, multimedia display was the largest segment in 2014 due to increasing installation of passenger information systems. Some of the key application in automatic passenger counting and information system includes roadways, railways, waterways and airways. Railway application segment is expected to be fastest growing market in the near future.
Geographically, the automatic passenger counting and information system market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, further bifurcation of region on the country level, which include U.S., Germany, UK, France, China, Japan and India. North America has witnessed significant growth of automatic passenger counting and information system in recent past years on account of technological advancement. North America is expected to exhibit moderate growth over the forecast period.
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The report provides comprehensive view on the automatic passenger counting and information system market. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the automatic passenger counting and information system market has also been included. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.
Some of the key players operating in the automatic passenger counting and information system market Alstom, Cisco systems, Inc., Eurotech SpA, iris-GmbH, Urban Transportation Associates, Inc., DILAX Intelcom GmbH, Hella Aglaia Mobile Vision GmbH, GE Transportation, Hitachi, Ltd and Siemens AG. The detailed description of players includes parameters such as company overview, financial overview, business and recent developments of the company.
This report segments the global automatic passenger counting and information system market as follows:
Global Automatic Passenger Counting and Information System Market: System Segment Analysis
Information Display Systems
Passenger Information Announcement Systems
Emergency Communication Systems
Global Automatic Passenger Counting and Information System Market: Devices and Component Segment Analysis
Networking and Communication Devices
Global Automatic Passenger Counting and Information System Market: Application Segment Analysis
Global Automatic Passenger Counting and Information System Market: Regional Segment Analysis
Middle East and Africa
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