At a CAGR of 9.4%, it is predicted that the Automated Passenger Counting and Information System Market Size will increase from USD 8.0 billion in 2022 to USD 12.5 billion in 2027.
(TRAVPR.COM) INDIA - September 12th, 2023 - There are high hopes for significant growth in the global Automated Passenger Counting and Information System Market in the upcoming years. The market is expected to grow from USD 8.0 billion in 2022 to USD 12.5 billion by 2027, representing a remarkable Compound Annual Growth Rate (CAGR) of 9.4%. Numerous factors, such as the expanding use of cutting-edge technologies in the transportation industry, the requirement for effective data analytics and passenger management, and the rising demand for better passenger experiences, all contribute to this expansion.
The demand for precise data collecting in the transportation industry is one of the major factors driving the market for automated passenger counting systems to expand quickly. It becomes crucial to appropriately assign connected trips that involve many modes of transportation, like changing from a bus to a train, to each mode in order to evaluate the performance of each leg. Automated passenger counting devices must progressively be installed in transit vehicles in order to reach this degree of precision. These technologies are essential for accurately capturing passenger data, which enables transportation authorities to more fully comprehend passenger behaviour, improve services, and raise the general effectiveness of multi-modal transit networks.
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Eurotech (Italy), iris-GmbH (Germany), DILAX Intelcom (Germany), HELLA Aglaia Mobile Vision (Germany), and Infodev EDI (US) are the top five players in the Automated Passenger Counting and Information System Market. These companies offer automated passenger counting system and passenger information system and related solutions and have operations worldwide. They focus on product launches and acquisitions to expand their footprints through product innovation and extend their business reach.
Eurotech
Eurotech is a well-known international business that specialises in combining hardware, software, services, and knowledge to produce crucial IoT solution building blocks. Eurotech serves a broad range of markets and offers comprehensive solutions designed for OEMs, system integrators, and businesses. The business is heavily invested in R&D, production, marketing, and has a significant presence both domestically and abroad. Miniaturised computers and high-performance computers (HPC) are included in Eurotech's portfolio, which strengthens its position as a leading player in advancing technology solutions across many industries and applications.
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Through its NanoPC division, which focuses on the creation and marketing of NanoPCs—miniaturized, powerful, and environmentally friendly computers—Eurotech streamlines its operations. These cutting-edge computer technologies are used in a variety of sectors, including machine-to-machine (M2M) systems, industrial, transport, medical, and energy. The company distributes and markets its cutting-edge solutions both directly and through a network of certified partners, giving it a global reach. Eurotech has made a commitment to offering cutting-edge technological solutions suited to various industries, and it has played a crucial part in developing computing skills across industries globally.
iris-GmbH
As a designer and manufacturer of sensor parts essential to automated passenger counting systems, iris-GmbH occupies a prominent role. The business designs, develops, manufactures, and installs optoelectronic sensors that are essential for precise passenger counts. Their product line includes both near-infrared (NIR) and infrared (IR) sensors, both of which are essential for guaranteeing the accuracy of counting systems. Since 1991, iris-GmbH has sold almost 250,000 IRMA counting systems globally and successfully installed them in more than 80,000 automobiles. This is an amazing track record. This wealth of experience highlights their knowledge and crucial contribution to the development of passenger counting solutions.
Innovative sensors from the business revolutionise automatic passenger counting in trains and buses by utilising cutting-edge 3D technology. Products like IRMA MATRIX and IRMA 6, which make use of time-of-flight technology and sophisticated signal processing techniques, stand out among its advances. These ground-breaking approaches have been widely adopted in passenger counting applications across the globe, allowing transportation authorities to get exact information necessary for streamlining processes and adjusting capacity in both public and private transportation networks. The use of such cutting-edge technology demonstrates the company's dedication to improving passenger counting accuracy and efficiency, which will ultimately lead to better transportation services and planning.
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DILAX Intelcom
A well-known supplier of intelligent solutions, DILAX Intelcom serves a variety of industries, including public transport, retail, and airports, by effectively capturing and managing people flow. Automatic passenger counting systems, dynamic seat management solutions, smartphone tracking solutions, and cutting-edge data management and predictive analytics tools are all part of their extensive range. For the purpose of enhancing passenger experiences, DILAX Intelcom provides crucial services and technologies to public transportation authorities as well as makers of buses and rail cars. Beyond transportation, the business extends its expertise to retail establishments, shopping malls, outlet centres, airports, and more, meeting the varied needs of sectors that depend on effective people flow management to boost operational effectiveness and customer happiness.
In order to stand out from the competition, DILAX Intelcom offers clients specialised solutions that cover both the management and software of passenger counting systems. Their passenger counting sensors, which collect the data, and master units, which store, process, and send the information to the right places, are the two basic building blocks of their DILAX APC systems. These passenger counting units are crucial for smoothly gathering, storing, and processing passenger data. They are also essential parts of effective passenger counting and management systems. DILAX Intelcom's focus to satisfying the unique demands of their clients in the area of passenger counting is shown by their commitment to customization and all-encompassing solutions.
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