The Europe Automated Passenger Counting and Information System Market would witness market growth of 8.7% CAGR during the forecast period (2022-2028).
Automatic passenger counting occupancy statistics give the right foundation for effective route planning. Companies that provide public transportation can recognize the demand and respond on a network level. Passenger counting methods are both cost-effective and precise. They gather and disaggregate data on transportation performance, laying the groundwork for exact cost reductions based on performance. Due to the obvious repetition and high frequency of advertising views, public transportation advertising is extremely effective. Transportation businesses that offer advertising on their cars might share the people-counting data with ad agencies to encourage them to advertise on their vehicles and assess the impact. To get more impressions, advertisers can choose certain routes and vehicles with greater occupancy rates.
The implementation of mandates for the deployment of passenger counting systems on ferries, an increase in investments to improve transportation infrastructures and the efficiency of public transportation services, a reduction in passenger traffic congestion in the United Kingdom, and the need to improve transportation services and optimize transit operations are all driving the market in the European region. The transportation infrastructure and connectivity networks in European countries are well-developed.
They've seen an increase in the use of public transportation and a surge in demand for innovative technologies, which has resulted in the region's automated passenger counting and information system industry expanding. Eurotech S.P.A. based in Italy, iris-GmbH, Innovation In Traffic System AG, HELLA Aglaia Mobile Vision GmbH, and DILAX Intelcom GmbH based in Germany, is among the leading companies in the automated passenger counting and information system industry in Europe.
The Germany market dominated the Europe Automated Passenger Counting and Information System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $884.4 million by 2028. The UK market is estimated to grow at a CAGR of 7.8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9.5% during (2022 - 2028).
Based on Type, the market is segmented into Passenger Information Systems and Automated Passenger Counting Systems. On the basis of type, the Passenger Information System Market is segmented into Display Systems, Announcement & Emergency Communication Systems, Infotainment Systems, and Mobile Applications. On the basis of Application, the Passenger Information System Market is segmented into Railways, Roadways, and Airways. On the basis of Application, the Automated Passenger Counting Systems Market is segmented into Buses, Ferries, and Trains & Trams. On the basis of Technology, the Automated Passenger Counting Systems Market is segmented into Infrared, Stereoscopic vision, Time of Flight, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Automated Passenger Counting and Information System Market will Hit $13.2 Billion by 2028, at a CAGR of 9.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include EUROTECH S.p.A., INIT Innovation in Traffic Systems SE, Cisco Systems, Inc., Samsung Electronics Co., Ltd., Hitachi, Ltd., Siemens AG, HELLA Aglaia Mobile Vision GmbH, Infodev Electronic Designers International, Inc., and DILAX Intelcom GmbH.
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APC Systems Market, By Application
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