Passenger Count System Market Size 2021 Global Opportunities, Trends, Share, Regional Overview, Global Growth, And Country Forecast to 2027 - Dilax Intelcom GmbH, Eurotech S.P.A, Hella Aglaia Mobile Vision GmbH, IRIS Gmbh

The Passenger Count System Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Passenger Count System Market Size is Projected to Reach at a CAGR of 13% during 2021-2027.

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Market Overview:

One of the key driving factors for the growth of the automated passenger counting system market is the government regulations in some countries for the regular reporting of ridership data from fleet operators to government agencies. These government agencies use this data to keep track of the public transport requirements of passengers, carry out regional development planning, analyze commuting trends, etc. The continuously increasing global population has led to the growing requirement of efficiently and adequately managing public transport services. Governments in a number of countries are taking initiatives to maintain databases of trips of passengers through all modes of public transport such as buses, trains, and ferries for keeping track of passengers. Even though the market for automated passenger counting systems is growing at a rapid pace in a number of developed countries, these systems are witnessing low adoption in developing or least developed countries. Several federal- and state-funding agencies require ridership reports to evaluate the performance of transit agencies and offer a general scenario of the demand level for transit services in specific areas.

Top Leading Companies:

Dilax Intelcom GmbH, Eurotech S.P.A, Cisco Systems Inc., IRIS Gmbh, Siemens AG, Hella Aglaia Mobile Vision GmbH, Hitachi Ltd., Huawei Technology Co. Ltd., Retail Sensing Ltd., Trapeze Group

Recent Developments

In August 2020, DILAX Intelcom GmbH launched a new software DILAX Citizens, advanced software that can manage, aggregate, and analyze data and generate a data report about the expected traffic situations.

In April 2020, iris-GmbH completed the planned acquisition of a Germany-based research Group by acquiring its 51% share while the remaining 49% share is expected to be transferred to iris-GmbH in the next two years. With this, iris continues to emerge as a leading provider of intelligent sensor technology and system components for public transportation.

In April 2020, Eurotech expanded its range of automotive-certified multi-service IoT edge gateways with the launch of DynaGATE 20-30. This product is equipped with specific features to address the challenges of next-generation applications for intelligent mobility and connected vehicles.

In March 2020, HELLA Aglaia partnered with Germany-based VIDEOR to sell people-sensing products offered by it to enhance its visibility in the market.

Passenger Count System Market Segmentation by Type:

Stereoscopic Vision
Time-of-Flight
Infrared

Passenger Count System Market Segmentation by Application:

Trains
Ferry boats
Buses

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APAC Dominates the Market

The market in APAC is projected to grow at the highest CAGR during the forecast period. The growth of the market in this region can be attributed to the increasing adoption of passenger counting systems in transit vehicles to provide reliable, secure, and timely transportation services. The large population base of countries such as China and India and the continuously increasing population of countries such as Australia create requirements for smart transportation networks to ensure a reliable and secure travelling experience for passengers. The rapidly developing transportation sector and continuously increasing investments in it to enhance the public transit services, as well as the increased adoption of smart solutions in the transportation sector in APAC, act as growth opportunities for the providers of automated passenger counting and information systems.

Regional Passenger Count System Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Passenger Count System Market Report:

Detailed overview of Passenger Count System Market
Changing the Passenger Count System market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Passenger Count System market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Passenger Count System Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Passenger Count System Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Passenger Count System industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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