PUBLISHER: 360iResearch | PRODUCT CODE: 1497549
PUBLISHER: 360iResearch | PRODUCT CODE: 1497549
[198 Pages Report] The Automated Passenger Counting & Information System Market size was estimated at USD 7.98 billion in 2023 and expected to reach USD 8.73 billion in 2024, at a CAGR 9.57% to reach USD 15.14 billion by 2030.
Automated passenger counting and information systems (APCIS) are technological solutions used primarily in public transportation to accurately count the number of passengers boarding and alighting from vehicles. These systems often integrate various sensors and data collection devices to gather real-time information on passenger numbers. Furthermore, they can provide useful information to both operators and passengers, such as arrival times, seat availability, and route details, through digital displays or mobile applications. Increasing urban populations lead to higher demand for efficient public transport systems, driving the need for APCIS. Investments in smart city projects and public transport improvements, as well as rising efforts to improve passenger comfort and experience, bolster the adoption of APCIS. However, integrating APCIS with existing transportation infrastructures can be technically complex and costly. Moreover, collecting and processing passenger data raises privacy issues, requiring robust data protection measures. Developing advanced cybersecurity solutions to ensure the safety and integrity of passenger data can improve the reliability of APCIS and improve adoption of the systems. The development of next-generation sensors that offer higher accuracy and reliability in diverse environmental conditions and the integration of AI/ML and data analytics technologies in APCIS also provides opportunities for growth.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 7.98 billion |
Estimated Year [2024] | USD 8.73 billion |
Forecast Year [2030] | USD 15.14 billion |
CAGR (%) | 9.57% |
Regional Insights
The Americas region, particularly the U.S. and Canada, presents a robust landscape for APCIS due to the heightened emphasis on enhancing public transportation efficiency and security and investments in public infrastructure facilities. Recent federal and state government investments focus on smart city initiatives, incorporating advanced APCIS systems. The growing interest in sustainable public transportation has led to increased adoption of these technologies. EU countries are collectively focused on modernizing public transit systems through APCIS technology. Strict regulatory frameworks and environmental sustainability goals are significant drivers. Countries such as Germany, the United Kingdom, and France are leading the adoption of APCIS with innovative studies and policies to integrate intelligent transportation systems. In the Middle East region, countries such as the United Arab Emirates and Saudi Arabia are investing in new public transit projects, incorporating APCIS and information systems to enhance operational efficiency and passenger convenience. APAC region presents an evolving landscape for APCIS systems and technologies, owing to the rapid surge in government-backed projects and private sector investments in public infrastructure. Furthermore, the urbanization trend has increased the demand for efficient public transit solutions, boosting the APCIS market.
Market Insights
The market dynamics represent an ever-changing landscape of the Automated Passenger Counting & Information System Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automated Passenger Counting & Information System Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automated Passenger Counting & Information System Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
SWISS Implements AI-Driven Passenger Counting on Short-Haul Flights
Starting in the third quarter of 2024, Swiss International Air Lines (SWISS) will deploy artificial intelligence, utilizing cameras to automate passenger boarding counts on short-haul flights. This advanced technology will eliminate the need for flight attendants to manually press a button for this task. [Published On: 2023-12-14]
Enhancing Passenger Insights Through Advanced Automated Counting Systems by Swiss Federal Railways
Swiss Federal Railways (SBB) has extended its automated passenger counting systems to improve occupancy and passenger distribution forecasts. These sensors, positioned above the vestibules, track passenger movements as individuals board and alight the trains, providing accurate data for better crowd management and optimized service planning. [Published On: 2023-10-06]
Heightened Accuracy and Data Insights: launch of the Milesight AI ToF People Counting Sensor VS133
Milesight introduced the AI ToF People Counting Sensor VS133, leveraging an on-board AI algorithm and advanced 2nd generation Time of Flight technology. This device achieves up to 99.8% accuracy with 100% anonymous detection, providing valuable insights for smart buildings and retail sectors. [Published On: 2023-05-25]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automated Passenger Counting & Information System Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Automated Passenger Counting & Information System Market, highlighting leading vendors and their innovative profiles. These include ACOREL SAS, Advantech Co., Ltd., BlueSurge Technologies, Cisco Systems, Inc., Clever Devices Ltd., DILAX Intelcom GmbH, Eurotech S.p.A., Exeros Technologies Ltd., EYERIDE, Giken Trastem Co., Ltd., GMV Syncromatics, Hangzhou Hikvision Digital Technology Co., Ltd., Hitachi, Ltd., Huawei Technologies Co., Ltd., Infodev Electronic Designers International (EDI) inc., iris-GmbH, NEC Corporation, Orbital Installation Technologies, LLC, Passio Technologies, Inc., R-Com Technical, r2p GmbH, Retail Sensing Ltd., Siemens AG, Telestenkatu, and Xovis AG.
Market Segmentation & Coverage