The Automated Passenger Counting and Information System Market is expected to develop significantly; it is expected to rise from USD 8.0 billion in 2022 to USD 12.5 billion by 2027, with a strong compound annual growth rate of 9.4% over the course of the forecast period.

Automated Passenger Counting (APC) Systems and Passenger Information Systems (PIS) are the two main market segments. Many technologies, including Time-of-Flight (ToF), Stereoscopic Vision, and Infrared (IR), are essential to APC Systems. Conversely, Display Systems and Infotainment Systems are included in the PIS sector. This increase is linked to the need for more effective public transportation options, better passenger experiences, and the widespread adoption of cutting-edge technologies in transit infrastructure. The prediction emphasises how important these systems are to improving public transportation networks' overall effectiveness, transparency, and user pleasure.

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The adoption of laws in several nations requiring fleet operators to provide ridership data to government agencies on a regular basis is a major factor propelling the market for automated passenger counting systems. These rules highlight how important it is for the public transit industry to be more accurate, transparent, and accountable. Automated passenger counting systems, which provide precise and up-to-date data on the number of people utilising public transport services, provide an effective way to satisfy these legislative criteria. This helps to expand the market by guaranteeing adherence to regulations and improving the general effectiveness and administration of public transport networks.

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Passenger information systems accounted for a larger share of the market in 2021

A sizeable portion of the automated passenger counting and information system market was asserted by passenger information systems in 2021. By enabling bus transit operators to examine customer travel trends, these technologies significantly contribute to their ability to efficiently optimise vehicle schedules and routes. The increased competition among bus companies to provide better services and draw in more passengers is what's causing passenger counting devices to become widely used on buses. These technologies proved crucial in delivering real-time data, especially during the COVID-19 outbreak, helping operators maintain smooth and effective bus operations. In addition, passenger information systems are becoming more and more common in railway applications. They provide real-time updates on vehicle occupancy levels, improve infotainment features, and guarantee passenger safety in the event of emergency communication systems.

Stereoscopic Vision technology is projected to witness the highest CAGR during the forecast period

Over the course of the forecast period, stereoscopic vision technology is expected to grow at the fastest compound annual growth rate (CAGR), indicating its dominance in the industry. The capacity of this technology to extract precise information from high-density traffic data has attracted increasing attention. Furthermore, stereoscopic vision can accurately determine which way passengers are travelling. Stereoscopic vision-based automated passenger counting systems are helpful in many ways, such as detecting fraud by comparing ticket sales and passenger counts, improving transit operation efficiency by planning the best possible vehicle routes, examining passenger travel patterns, and evaluating traffic flow. Stereoscopic vision technology is very useful for bus operators because it allows them to precisely count the number of passengers at each stop or during each trip. This helps operators verify passenger numbers against tickets that have been issued, which increases income.

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Automated passenger counting system market in Asia Pacific is projected to grow at the highest CAGR from 2022 to 2027

Asia Pacific's automated passenger counting system market is anticipated to grow at the fastest rate possible between 2022 and 2027. The increasing use of passenger counting systems in transit vehicles, which makes it easier to provide dependable, safe, and timely transportation services, is the driving force behind this industry boom. Automated passenger counting systems are essential for providing accurate data about the number of passengers boarding and alighting transit vehicles. This feature gives transport companies the ability to examine how passengers move on particular routes and when they do so. The significant populations of China, India, and Australia, as well as the ongoing population growth in these countries, highlight the need for intelligent transportation systems. The demand for automated passenger counting systems in the Asia Pacific area is driven by the necessity of these networks in order to guarantee passengers a reliable and secure travel experience.

Eurotech (Italy), HELLA Aglaia Mobile Vision (Germany), and iris-GmbH (Germany) are some of the key manufacturers of Automated passenger counting system market in Asia Pacific.

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