DUBLIN, June 23, 2015 /PRNewswire/ --
Research and Markets(http://www.researchandmarkets.com/research/6q6jr3/automatic) has announced the addition of the "Automatic Passenger Counting and Passenger Information System Market by Technology, PIS Market by Systems, Devices & Components, by Application & Geography - Global Forecast to 2020" report to their offering.
The report predicts that the APC market is expected to reach $194.17 million by 2020 at an estimated CAGR of 22.2%; whereas the PIS market is anticipated to cross the $23.1 billion mark by 2020.
The report explores the automatic passenger counting and information system market size and forecasts from 2013 to 2020, including the historical years.
APCs are increasingly used as an alternative to manual passenger counting in North America and Europe to generate and study the ridership trends and patterns. Trains are an important mode of public transport in these region and most APC systems installed in trains are a part of a larger ITS solution. Many new rail vehicles in the region come with an integrated APC system, which is a part of a comprehensive ITS solution. The automatic passenger counting market is growing at a significant CAGR for applications such as roadways and railways; whereas, it is in the emerging stage for the waterways application but is expected to show a considerable growth rate in the coming years.
The PIS market in the railway transit services is quite mature. In most of the countries, such systems are either installed or in the installation phase. In the developed countries, railway service providers have already adopted these solutions; whereas, in the developing economies, the traction is high and adoption would grow at higher rate. In the roadways transport, the PIS solution adoption is not as widespread as in the railways; however, it is expected to increase at a significant rate in coming years.
For the airways segment, almost all the airports are well-equipped with the PIS solutions. This segment was the early adopter of these solutions.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 By Devices & Components
8 By Application
9 By Technology
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- Cisco Systems, Inc.
- Cubic Transportation Sytems, Inc.
- Dilax Intelcom GMBH
- Eurotech S.P.A
- GE Transportation
- Hella Aglaia Mobile Vision GMBH
- Hitachi, Ltd.
- Huawei Technologies Co. Ltd.
- Innovation in Traffic Systems AG
- Siemens AG
- Trapeze Software Group Inc.
For more information visit http://www.researchandmarkets.com/research/6q6jr3/automatic
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SOURCE Research and Markets