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Automotive Passenger Counting and Information System Market Trends

  • Report ID: GMI9824
  • Published Date: Jun 2024
  • Report Format: PDF

Automotive Passenger Counting and Information System Market Trends

The increasing demand for the demand for automotive passenger counting and information systems is increasing owing to the concentration on optimizing operational efficiency and curbing costs in the transportation sector. By providing accurate passenger data, these systems enable better route planning and resource allocation, helping transit agencies manage their fleets more effectively. For instance, in May 2024, Hitachi Ltd. and Google Cloud declared a collaboration to accelerate advancement and Productivity with Gen AI. Through the agreement, Hitachi announced its plans to boost the growth of Lumada and advance its operational efficacy.
 

The inclination towards sustainable urban mobility solutions ushered in the adoption of automotive passenger counting and information systems, as they support efforts to reduce traffic congestion and minimize environmental impact. Enhanced data analytics capabilities allow for improved decision-making and strategic planning, prompting market growth.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive passenger counting and information system reached USD 6.6 billion in 2023 and is set to witness over 8% CAGR between 2024 and 2032, due to government investments in smart city projects and innovations in AI, IoT, and sensor technologies.

The infotainment systems segment in the automotive passenger counting and information system industry held 35% revenue share in 2023, owing to their ability to improve passenger experience and operational efficiency for offering personalized and real-time services.

North America market held over 32% revenue share in 2023, attributed to spurring urbanization and the demand for efficient public transportation solutions.

Siemens AG, Cubic Corporation, Cisco Systems, Hitachi Ltd., INIT Innovation in Traffic Systems SE, FLIR Systems, Inc., and Eurotech S.p.A.

Automotive Passenger Counting and Information System Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 330
  • Countries covered: 21
  • Pages: 280
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