People Counting System Market - By Technology (Infrared, Thermal Imaging, Video-Based), By Component (Hardware, Software) By End-Use (BFSI, Commercial, Government & Defense, Healthcare, Hospitality & Entertainment, Retail, Transportation) & Forecast, 2022-2028

People Counting System Market Size

People Counting System Market size valued at USD 1.5 billion in 2021 and is projected to expand at over 20% CAGR from 2022 to 2028. The rising acceptance of the people counting system technology across different industries will boost the market growth.
 

The device supports company authorities to monitor the daily customer visits at a dedicated site. For instance, in banks, the system enables authorities to receive real-time occupancy of each branch, distribution of visitors in the branch, rate of effective operations to all visits, and the rate of visits per employee. The data helps them in allocating and managing resources based on the individual facility monthly/quarterly/half-yearly footfall. This allows them to enhance the customer experience, in turn, driving revenue generation. The overall benefits of the system will propel its utilization across the globe.
 

The COVID-19 pandemic negatively impacted the people counting system market in the first half of 2020. The imposition of strict lockdowns by government authorities to limit the spread of the virus led to the temporary closure of stores and transportation hubs, thus affecting the market revenue. However, the market witnessed a gradual recovery in 2021, which is driven by the rising emphasis on managing passenger flow effectively. Administrations in the transportation industry are focusing on installing advanced people counting technology at the entrance to supervise the total passenger count and ensure social distancing protocols. Bosch Security Systems, LLC and Philips PDS are offering a sensor-based system that tracks the number of customers entering & exiting the premises. The people counting system has a live information display for customer queue communications, informing them when it is safe to enter a particular area on the premise.
 

People Counting System Market Analysis

The U.S. video-based technology is predicted to observe a 20% growth rate till 2028 due to the strong technology landscape in the region. Video-based people counting systems deliver high accuracy with precise people counting abilities. The system can be seamlessly integrated with comprehensive analytics solutions & advanced technologies, such as AI & machine learning, that support facility managers with dwell time measurement, in-store analytics, and queue management. The advancements in technology will encourage end-users to install the system to reduce operational costs, thus surging the market expansion of people counting systems.
 

The global hardware segment dominated more than 65% of the revenue share in 2021 credited to the increasing migration of individuals from rural locations to metropolitan cities. The availability of better opportunities & facilities across the education, corporate, and healthcare sectors is augmenting urbanization across the world. The growing deployment of the systems will accelerate the demand for hardware components such as PTZ cameras, infrared beams, and fixed dome cameras.
 

China people counting system market is estimated to attain a CAGR of over 25% through 2028, which is attributed to the growing retail industry that is adopting advanced technologies to ensure robust business growth. For instance, in September 2021, SPAR China opened a hypermarket in the Shandong province. The store has an area of over 10,000 sq meters, offering fresh produce and premium seafood. Similarly, in June 2021, Alibaba Group introduced two new members-only stores named Store X in China. The increasing number of new hypermarkets/supermarkets will spur people counting system requirements for analyzing daily customer footfall in stores and streamline the operational activities based on the insights.
 

Europe people counting system market accounted for around 30% of the revenue share in 2021 impelled by the increasing focus of government officials on developing the existing transportation infrastructure. The developing transportation sector will fuel the deployment of people counting system for better resource allocation, reducing operational costs, and improving the passenger travel experience. Video management software integrated with sensors enables the counting of the number of people entering or exiting trains or buses. People counting systems with real-time displays keep people informed about the passenger traffic scenarios.
 

People Counting System Market Share

Key participants operating in the market include:

• Axis Communications AB
• Countwise
• Eurotech
• Teledyne FLIR LLC
• Iris-GmbH Infrared & Intelligent Sensors
• DILAX Intelcom GmbH
• InfraRed Integrated Systems Ltd
• HELLA Aglaia Mobile Vision GmbH
• RetailNext Inc
• ShopperTrak
• V-Count
• XOVIS AG
• IGA-BYTE Technology Co. Ltd
• Dor Technologies Inc.

These companies are focusing on gaining a competitive positioning in the market by expanding their product & solution offerings.
 

The people counting system market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2028 for the following segments:

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Market, By Technology

• Infrared
• Thermal imaging
• Video-based
• Others

Market, By Component

• Hardware
  • Fixed camera
  • Fixed dome camera
  • PTZ camera
  • Infrared beam
• Software

Market, By End-use

• BFSI
• Commercial
• Government & defense
• Healthcare
• Hospitality & entertainment
• Retail
• Transportation

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Singapore
• Latin America
  • Brazil
  • Mexico
• MEA
  • Saudi Arabia
  • UAE
  • South Africa