DUBLIN–(BUSINESS WIRE)–The “Automated Passenger Counting System Market Research Report by Type, Technology, Application, Region – Global Forecast to 2027 – Cumulative Impact of COVID-19” report has been added to ResearchAndMarkets.com’s offering.
The Global Automated Passenger Counting System Market size was estimated at USD 199.29 million in 2021, USD 225.56 million in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 13.35% to reach USD 422.78 million by 2027.
Market Statistics:
The report provides market sizing and forecast across five major currencies – USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Automated Passenger Counting System Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Automated Passenger Counting System Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Automated Passenger Counting System Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Automated Passenger Counting System Market?
4. What is the competitive strategic window for opportunities in the Global Automated Passenger Counting System Market?
5. What are the technology trends and regulatory frameworks in the Global Automated Passenger Counting System Market?
6. What is the market share of the leading vendors in the Global Automated Passenger Counting System Market?
7. What modes and strategic moves are considered suitable for entering the Global Automated Passenger Counting System Market?
Market Dynamics
Drivers
- Government laws regarding the requirement of transit data
- Rise in need of advanced solutions in the transportation sector
- Rapid deployment of automated passenger counting systems to optimize operational costs of transit operators
- Enhanced demand for real-time transit information from passengers and proper fleet management by transit vehicle operators owing to COVID-19
Restraints
- Lack of awareness about profits offered by automated passenger counting systems in developing and least developed countries
- Presence of legacy infrastructures conflicting with passenger information systems
Opportunities
- Technological advancement in automated passenger counting systems
- Comfort in the integration of automated passenger counting systems with other solutions
- Enhanced use of Internet-based services for timely transit updates to passengers and public transport operators
Challenges
- Modification required in existing data systems for deploying automated passenger counting systems and limited know-how of staff to use analytics software
- Integration of passenger information systems with systems of transit vehicles
- Supply chain disruptions and reduced demand for passenger information systems amid COVID-19
Companies Mentioned
- Cisco Systems, Inc.
- Clever Devices Ltd.
- Dilax Intelcom GmbH
- Ermetris Srl
- Eurotech Sp. z o.o.
- Eyeride
- Giken Trastem Co., Ltd.
- GMV Syncromatics corporation
- Hella Aglaia Mobile Vision GmbH
- Hitachi, Ltd.
- Innovation in Traffic Systems SE
- iris-GmbH infrared & intelligent sensor
- Passio Technologies
- r2p GmbH
- Retail Sensing Ltd.
- Siemens AG
- Wabtec Corporation
- Xovis AG
For more information about this report visit https://www.researchandmarkets.com/r/kipbwb
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