With the advancements in technology, urbanization and developing economies, the decreasing operational costs, provide ample of opportunities for the PIS market. On the other hand, the government regulations of the ridership data, increased demand for fleet optimization, and increased demand for smart telematics solutions are propelling the growth of the APC market.
DALLAS – According to a new market research report Automated Passenger Counter and Passenger Information System Market by Application (Railway, Roadway, Airway, and Waterway), by System (Hardware, Software & Services), by Component & Device; and by Geography – Global Analysis and Forecast to 2020″, the automatic passenger counting market is expected to reach $194.17 million by 2020, growing at a CAGR of 22.2% from 2014 to 2020; whereas, the Passenger Information System market is anticipated to reach $23.1 billion by 2020.
Automated passenger counters are electronic devices that are made available for installation on transit vehicles including buses, trains, and boats, which accurately record the boarding and alighting data.
The government regulations that support the installation of the APC systems, increasing demand for fleet optimization, and need for smart telematics solutions are some of the aspects that are fueling the growth of the APC market.
On the other hand, the high growth in the telecommunication market, urbanization, and decreasing operational costs are the factors that are driving the PIS market. The dynamic pricing of tickets and augmentation to the existing real-time passenger information systems are the key opportunity areas for the APC market.
With the advancements in technology, urbanization and developing economies, the decreasing operational costs, provide ample of opportunities for the PIS market. On the other hand, the government regulations of the ridership data, increased demand for fleet optimization, and increased demand for smart telematics solutions are propelling the growth of the APC market.
The overall Automatic Passenger Counting and Information System Market is segmented into various segments, namely applications, systems, devices & components, and geographies. The automatic passenger counting market is expected to grow at an estimated CAGR of 22.2% from 2014 to 2020.
Geographically, the automatic passenger counting market is segmented into North America (the U.S., Canada, and Mexico), South America (Brazil, Argentina, and others), Europe (Germany, the U.K., France, Italy, and others), APAC (China, Japan, India, South Korea, and others), and the rest of the world (Africa and the Middle East). The American market accounts for a market share of ~55% in 2013 and is estimated to grow at a CAGR of 22.0% from 2014 to 2020. The APAC region is also expected to grow at a significant CAGR of 24.2% from 2014 to 2020.
The automatic passenger counting and information system market is expected to reach $23.3 billion by 2020, at a CAGR of 24.3% from 2014 to 2020. Roadway is the leading application for the APC and PIS market. Eurotech SpA (Italy), Iris-GmbH (Germany), Urban Transportation Associates, Inc. (U.S.), DILAX Intelcom GmbH (Germany), and HELLA Aglaia Mobile Vision GmbH (Germany) are the major players of the APC market.
MarketsandMarkets is world’s No. 2 firms in terms of annual published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industry verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Company’s 850 full-time analysts and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connect over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
