San Francisco, California, February 13, 2018: The intensifying need for improving the current tracking transit ridership methods by fleet owners and operators is a primary factor bolstering the demand for automated passenger counting system. The rising demand for more accurate data on aboarding and alighting counts, particularly in high passenger volume applications, is driving the automated passenger counting and information system market.
A new report penned by TMR Research, titled, “Automated Passenger Counting and Information System Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025”, strives to offer comprehensive insights into the key growth drivers and restraints, the potential of major technologies, prominent segments, notable trends, and competitive landscape. The study highlights lucrative avenues, major opportunities, and emerging applications.
The adoption of electronics systems for gathering real time passengers’ information, in a move to adopt better transit service planning in various developing and developed nations is a key factor boosting the market. The prospect of automated passenger information system, in conjunction with manpower, to offer a wealth of data about arrival and departure times is a compelling concern fortifying the uptake. These data are increasingly being used by transport agencies and fleet operators for assessing the utilization of their system. The adoption of these systems has been largely instrumental in furthering fleet optimization efforts within allotted budgets.
In several economies, the rising demand for smart telematics solution in transportation sector is also expected to act as robust catalyst to the growth of the market. The substantial adoption of automated passenger counting system for gathering accurate patronage data in bus rapid transit in developed regions is also accentuating the market.
The rapid pace of urbanization in several emerging economies has intensified the need for gathering ridership data for an effective transit service planning by the governments. Recent government mandates in developed nations for the deployment of such systems is also boosting the automated passenger counting and information system market.
Advancements in sensors used for automated passenger counting system bodes well for the market. The prospect of wirelessly transferring transit data gathered through passenger information system is likely to unlock exciting prospects in the years to come.
However, the high cost of installation of such systems may deter many fleet operators and transportation agencies to deploy them, especially in developed economies. Furthermore, the lack of awareness of these automated passenger counters in less developed countries is a crucial factor expected to cripple their adoption to an extent. Nevertheless, the potential of automated passenger counting and information systems to provide lucrative returns on investment bodes well for the overall market.
A wide spectrum of automated passenger counting and information systems comprise passenger information display systems, passenger information announcement systems, emergency communication systems, passenger information mobile applications, and infotainment systems.
The various regional markets for automated passenger counting and information systems can be Asia Pacific, North America, Europe, Africa, Latin America, and the Middle East. Geographically, North America is anticipated to be one of the most lucrative markets, where the substantial deployment of these systems is supported by governmental mandates. In addition, transit operators in several developed countries, such as the U.S., are increasingly realizing the potential of these systems in robust transit service planning. Similarly in several countries in Europe, the rising use of automated counting and information system for effective resolution of passenger’s complaints as well in delivering better transit services is boosting the regional market.
Some of the companies holding a position of strength in the automated passenger counting system are HELLA Aglaia Mobile Vision GmbH, Urban Transportation Associates, Inc., iris-GmbH infrared & intelligent sensor, DILAX Intelcom GmbH, and Eurotech SpA. Key players operating in the passenger information system market include GE Transportation, Siemens AG., Cisco Systems, Inc., Alstom, Eurotech SpA, and Hitachi, Ltd.
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