Growth of passenger counting and passenger information systems market

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 and Services), by Component and Device; and by Geography - Global Analysis and Forecast to 2020, the automatic passenger counting market is expected to reach US$194.17 million by 2020, growing at a CAGR of 22.2 per cent from 2014 to 2020; whereas, the passenger information system market (PIS) is anticipated to re
April 2, 2015 Read time: 2 mins
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 and Services), by Component and Device; and by Geography - Global Analysis and Forecast to 2020, the automatic passenger counting market is expected to reach US$194.17 million by 2020, growing at a CAGR of 22.2 per cent from 2014 to 2020; whereas, the passenger information system market (PIS) is anticipated to reach US$23.1 billion by 2020.

With the advances in technology, urbanisation 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 optimisation, 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 and components, and geographies.

Geographically, the automatic passenger counting market is segmented into North America (the US, 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 per cent in 2013 and is estimated to grow at a CAGR of 22.0 per cent from 2014 to 2020. The APAC region is also expected to grow at a significant CAGR of 24.2 per cent from 2014 to 2020.

Related Content

  • Car traffic in London is down but congestion is up, says new study
    May 18, 2016
    London Congestion Trends, an in-depth study of the causes of traffic congestion in London between 2012 and 2015 published by Inrix, indicates that congestion in London is increasing, with journey times in Central London growing by 12 per cent annually. Inrix says this is consistent with data that shows that the London economy and population are growing, which normally results in an increase in gridlock. Further, unemployment and fuel prices are down, both of which usually mean a rise in traffic. Despite thi
    Read More
  • Progress with RFID in China
    August 19, 2015
    In its new report, RFID in China 2015-2025, IDTechEx Research has identified over 150 Chinese companies supplying RFID and tracked how the industry in China will grow to become a US$4.3 billion opportunity in 2025. Historically, the development of RFID in China has been heavily supported by the Chinese government. These include large projects such as national identification cards, passports and subway ticket applications. The entry barrier is usually high for those applications, as the suppliers need to
    Read More
  • Global ADAS market forecast to reach US$261 billion by 2020
    April 19, 2013
    Analysts at ABI Research forecast that the global market for ADAS systems will increase to more than US$261 billion by the end of 2020, representing a CAGR of 41%. “ADAS systems are increasingly being offered by mass-market OEMs such as Ford and Volkswagen,” said Gareth Owen, research analyst at ABI Research. “Whilst the majority are offered in bundles and sold as optional “driver-assist” packages, a growing number of OEMs are starting to fit some ADAS systems as standard equipment.” A key catalyst driving
    Read More
  • Eurosmart: nearly one billion contactless smartcards shipped in 2013
    November 18, 2013
    The global desire for solutions which combine convenience and security shows absolutely no sign of stopping, according to Eurosmart, the acknowledged voice of the smart security industry Revealing some dramatic figures at the opening of CARTES 2013 today, Eurosmart estimates that 7.2 billion Smart Secure Devices will be shipped by the end of this year, with that number growing by 7% to more 7.7 billion units in 2014.
    Read More

Highlighted Content