Automated Passenger Counting and Information Systems Market Size, Share, Development, Growth & Demand Forecast to 2023

An Automated Passenger Counter (APC) is an electronic device that records the number of passengers boarding and alighting in transit vehicles for every single trip operated. Passenger information system on the other refers to an electronic information system which provides passenger information in real-time. Its function revolves around predictions about arrival and departure times and provision of information about the nature and causes of disruptions. Automated passenger counting and information systems are deployed in buses, light rails, trains, subways and ferry boats. The APC market is expected to grow at the highest rate in Asia-Pacific. Among various application, the APC market generates highest revenue from roadways application.

To Browse Full Report Visit Here: www.psmarketresearch.com/market-analysis/automated-passenger-counting-and-information-systems-market

The adoption of APC systems in Asia-Pacific countries is observed to be the highest among all regions, in the recent years. The governments of countries with large population, such as India and China, are incorporating huge investment projects in their public transit systems, which is accelerating the widespread adoption of this technology. The demand prospects for APC and information systems in the developing countries has been increasing with the involvement of investment entities in transit systems. For instance, in Pakistan, the Asian Development Bank has recently agreed to finance Red Line Bus Rapid Transit (BRT), which is likely to escalate the demand for APC and information systems in the country.

Browse For Related Research Visit Here: www.psmarketresearch.com/industry-report/semiconductor-and-electronics

Among the various devices used in passenger information systems, multimedia display generated highest revenue, due to increase in installation of passenger information display systems (PIDS). North America has been a large contributor to the PIDS market. It upgraded its existing transit structures as well as it plans to install new systems on all of its upcoming transit infrastructure projects. The market in North America, which was an early adopter of APC and information systems, would grow at a moderate pace during the forecast period. The countries in Asia-Pacific, such as India, China and Thailand, are expected to render major growth opportunities to the APC and information systems market during the forecast period, as a result of significant investment in transit infrastructure projects.

Railways has been observed to be the most prospective sector for the APC and information systems market, owing to a surge in the placement of metro rail proposals in the recent past. The rapid expansion of rail networks in the developing countries has been providing significant growth to the market.

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Contact:

Abhishek
Executive – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: www.psmarketresearch.com

This release was published on openPR.