Global automated passenger counting and information system market projected to reach $15.4 billion by 2029

From GlobeNewswire: 2024-07-23 04:00:00

The global automated passenger counting and information system market is valued at USD 9.2 billion in 2024 and projected to reach USD 15.4 billion by 2029, with a 10.7% CAGR driven by the demand for efficient public transport management, real-time passenger data analytics, and sensor technology advancements. Leading companies include Eurotech, IRIS-GMBH, DILAX Intelcom, HELLA Agalia, and Infodev EDI.

Stereoscopic vision technology is expected to dominate the automated passenger counting system market, offering accurate tracking and passenger identification in crowded environments. With 3D imaging capabilities, this technology enhances reliability, enabling better resource allocation and operational efficiency for transit authorities. Its precision in ridership data collection will fuel market growth and innovation.

Buses are poised to significantly contribute to the automated passenger counting system market due to their widespread use in urban areas. Their fixed routes and controlled environments facilitate easier installation of counting sensors, leading to reliable passenger counts. The modular nature of bus-based counting systems allows for customization, scalability, and improved service quality.

The Asia Pacific region is projected to experience the fastest growth in the passenger information system market, driven by increasing adoption of passenger counting systems in transit vehicles. Countries like China and India, with growing populations, are investing in intelligent transportation networks to enhance travel experiences. The integration of smart solutions in the transportation sector presents lucrative opportunities for market expansion.

iris-GMBH unveiled the IRMA 6 R2 sensor generation and HYDRA IP video surveillance system at APTA EXPO 2023, while Siemens introduced the X-Wagen metro featuring a digital passenger information system in June 2023. Eurotech launched Edge AI solutions for public transportation in September 2022, certified for both road and rail vehicles, paving the way for advanced mobility applications.



Read more at GlobeNewswire: Automated Passenger Counting and Information System Market