The Automated Passenger Counting and Information System Market is expected to develop at a compound annual growth rate (CAGR) of 9.4%, from USD 8.0 billion in 2022 to USD 12.5 billion in 2027.

Passenger information systems (PIS) and automated passenger counting (APC) systems are the two primary components that define this sector. It is projected that the APC system market, which is further divided into Time-of-Flight (ToF), Stereoscopic Vision, and Infrared (IR) segments based on technology, will be vital to this growth trajectory. In a similar vein, the market expansion is anticipated to be greatly aided by the PIS market, which comprises Display Systems and Infotainment Systems. This market is poised to grow significantly as a result of the increasing need for effective public transportation systems and the ongoing development of smart transportation solutions, as transportation networks throughout the world increasingly incorporate cutting-edge technologies for passenger counting and information distribution.

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One of the main factors driving the market expansion for automated passenger counting (APC) systems is government legislation requiring fleet operators to provide ridership data on a regular basis to government organisations. Regulations requiring transport operators to give precise and timely information about passenger counts have been put in place in a number of nations. In addition to facilitating effective resource management, this need for accountability and openness also improves the general functionality of public transit networks. Because of this, operators must implement automated passenger counting systems in order to meet legal requirements, which supports the market's continued expansion.

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

Passenger Information Systems (PIS) made up a sizeable portion of the market in 2021 because they were essential in helping bus transit operators optimise scheduling, routes, and overall service effectiveness. The use of passenger counting devices becomes essential for bus operators to better understand customer travel patterns and provide better services because of the fierce competition they face. These systems provide real-time information, which helps transit operators continue to run smoothly—especially in light of the difficulties brought on by COVID-19. In addition to buses, railways are also using passenger information systems more and more to meet entertainment demands and provide real-time occupancy statistics. Furthermore, PIS improves overall transportation experience and safety measures while also promoting passenger safety through emergency communication systems.

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

Due to its capacity to extract accurate information from large volumes of traffic data, stereoscopic vision technology has the highest compound annual growth rate (CAGR) and is expected to have significant increase over the projected period. This technology is a great asset in automated passenger counting systems since it provides sophisticated capabilities including precise movement direction detection. Its uses include identifying fraudulent activity by comparing ticket sales to passenger counts, improving transit operations efficiency by planning the best possible routes for vehicles, examining passenger travel trends, and evaluating traffic flow overall. Stereoscopic vision technology, in particular, enables bus operators to determine the precise number of passengers at each stop or during each voyage.

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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 are intended to provide dependable, safe, and timely transportation services, is the primary driver of this rise. These systems provide precise information about how many people are getting on and off public transportation, which allows operators to examine passenger behaviour patterns and adjust schedules for certain routes. The substantial populations of nations such as China and India, in addition to the ongoing population expansion in areas like Australia, highlight the necessity of intelligent transportation networks in order to guarantee a dependable and safe travel experience for travellers.

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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