Automatic Passenger Counting Market worth $194.17 Million by 2020

DALLAS - April 13, 2015 - PRLog -- 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 PIS market is anticipated to reach $23.1 billion by 2020.

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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 players involved in the automatic passenger counting market include Eurotech SpA (Italy), iris-GmbH (Germany), Urban Transportation Associates, Inc. (U.S.), DILAX Intelcom GmbH (Germany), and HELLA Aglaia Mobile Vision GmbH (Germany), among others; whereas, those in the passenger information system market include Alstom (France), Cisco Systems, Inc. (U.S.), GE Transportation (U.S.), Hitachi, Ltd. (Japan), Huawei Technologies Co. Ltd. (China), and Siemens AG (Germany).

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