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Automated Passenger Counting System Market Is Set for a Rapid Growth and Expected to Reach USD 300 Million by 2022

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Chaitali Mahajan
Automated Passenger Counting System Market Is Set for a Rapid Growth and Expected to Reach USD 300 Million by 2022

Market Research Future has come up with the latest report on the “Global automated passenger counting system market 2020”. The survey covered the impact of COVID-19 on everything, including the economy. The automated passenger counting system market is predicted to touch USD 300 Million at a 20% CAGR between 2016- 2022, states the recent Market Research Future (MRFR) analysis.

Various factors are propelling the global market share. According to the recent MRFR report, such factors include the regulations by the government about the need for transit data, demand for advanced solutions in the transportation industry, demand for real-time transit information from passengers, deployment of automated passenger counting systems for optimizing the operational cost of transit agencies, demand for automatic passenger counting software, increasing use of automatic passenger counting systems for public transport & proper management of fleet by transit vehicle operators.

Key Players

Key contenders profiled in the global automated passenger counting system market report include Trapeze Group (Canada), Syncromatics Corp. (U.S.), Retail Sensing Ltd. (U.K.), Clever Devices Ltd. (U.S.), Huawei Technology Co., Ltd. (China), Hitachi, Ltd. (Japan), Siemens AG (Germany), Cisco Systems, Inc. (U.S.), Infodev Electronic Designers International Inc. (Canada), DILAX Intelcom GmbH (Germany), Eurotech S.p.A. (Italy), HELLA Aglaia Mobile Vision GmbH (Germany), and Ris-GmbH (Germany).

Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2398

Market Segmentation

The MRFR report highlights an inclusive segmental analysis of the global automated passenger counting system market based on end users, applications, and technology. 

  • By technology, the global automated passenger counting system market is segmented into IP cameras, time-of-flight, stereoscopic vision, and infrared. Of these, the stereoscopic vision technology segment will lead the market over the forecast period. 
  • By application, the global automated passenger counting system market is segmented into airways, roadways, and railways. Of these, the railways segment will dominate the market over the forecast period. 
  • By end users, the global automated passenger counting system market is segmented into ferry boats, trains, buses, and others. Of these, buses will have a major share in the market over the forecast period for the growing demand for smart bus. 

Avail Free Sample@ http://www.marketwatch.com/story/automated-passenger-counting-system-market-is-set-for-a-rapid-growth-and-expected-to-reach-usd-300-million-by-2022-top-companies--trapeze-group-syncromatics-corp-retail-sensing-ltd-2021-01-21

Regional Analysis

Based on the region, the global automated passenger counting system market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, Latin America & the Rest of the World (RoW). Of these, North America will spearhead the market over the forecast period. Early adoption of these systems in the US is adding to the global automated passenger counting system market growth in the region. 

In Europe, the automated passenger counting system market in Europe is predicted to hold the second-largest share during the forecast period. The burgeoning demand for automated passenger counting system as it helps to quickly resolve passenger complaints and also improve transit time efficacy is adding to the growth of the market in the region. 

Get More Information: https://www.marketresearchfuture.com/reports/automated-passenger-counting-system-market-2398

Major Highlights of TOC Covers:

  1. Executive Summary
  2. Key Business Trends
  3. Regional Trends and Growth
  4. Product Trends
  5. End-use Trends
  6. Definition and Forecast Parameters
  7. Automated Passenger Counting System Market Segmentation
  8. Automated Passenger Counting System Market Landscape
  9. Vendor Matrix
  10. Company Profiles

Continued…

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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