Automated Passenger Counting System Market


Posted April 17, 2023 by Vamshikrishna19

Automated Passenger Counting (APC) systems are computerized mechanisms that count the number of passengers who board and depart at each stop.

 
The Automated Passenger Counting System Market was valued at US$ 8.45 billion in 2022 and is estimated to reach US$ 13.25 million gallons by 2028, with a CAGR of 9.40% from 2023 to 2028.

Computerized devices called Automatic Passenger Counting (APC) systems keep track of how many people board and disembark at each stop. These are the two most important advancements that every transportation system ought to have, together with AVL services. These technologies take the place of schedule checkers in networks that have them, capturing rider data automatically. The ridership data that the Federal Transit Administration receives can be used to meet the standards of the National Transit Database after they are certain that the system is configured correctly.

Market Drivers and Restraints:

The automated passenger counting system industry is mostly driven by governmental laws in some nations where fleet operators are routinely required to provide customer information. Fleet operators can focus on the high-traffic areas and so obtain a major economic advantage by operating in these locations thanks to the location-wise segmented rider data.

One major factor limiting the growth of the automated passenger counting system market is the absence of infrastructure for the development of customer information management systems and a lack of awareness of the advantages offered by passenger counting systems in certain countries.

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https://www.marketdataforecast.com/market-reports/automated-passenger-counting-system-market

The report is segmented as follows:

The Automated Passenger Counting System Market is segmented by Application; the Market is segmented by Technology; the Market is segmented by End-Use:

By Application (Roadways, Railways, and Airways)

By Technology (Stereoscopic Vision, Infrared, Time-of-Flight, IP cameras)

By End-Use (Busses, Trains, Planes, Ferries)

Regional Segmentation:

Throughout the anticipated period, the demand is anticipated to grow at the highest CAGR in the Asia Pacific region. Increasing urbanization and sound economic growth are two major factors propelling the Asia Pacific automated passenger counting systems market. With nations like China, India, and others that have big populations and are developing quickly, the APAC region is anticipated to have the largest market share in the years to come.

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Impact of the COVID-19 pandemic on the market:

The COVID-19 epidemic affects the market for automated passenger counting systems in two different ways. The lockdown limits had the unfavourable effect of causing delays in the development and dissemination of these systems. Due to the temporary execution of the severe lockdown, public transportation was completely stopped. This factor significantly harmed the market for automated passenger counting systems' growth prospects.

Positively, nevertheless, the COVID-19 pandemic raised interest in automated passenger counting systems. Public transportation networks were compelled to abide by the new regulations put in place by government authorities to contain the virus once economies gradually began to recover, such as a 50 percent seating capacity requirement and others. Public transportation services had to widely implement automatic passenger counting systems to ensure that these regulations are adhered to. These devices provided real-time passenger occupancy data. Thus, these elements acted as drivers of market expansion for automated passenger counting systems.

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Tags automated passenger counting system market , automated passenger counting system market size , automated passenger counting system market share , automated passenger counting system market growth , automated passenger counting system market analysis
Last Updated April 17, 2023