Automatic Passenger Counting Market Worth $194.17 Million and Passenger Information System Market Worth $23.1 Billion by 2020 - New Report by MarketsandMarkets
(PRWEB) April 13, 2015 -- According to a new market research report "Automated Passenger Counter and Passenger Information System Market by Application (Railway, Roadway, Airway, and Waterway), by System (Hardware, Software & Services), by Component & Device; and by Geography - Global Analysis and Forecast to 2020", the automatic passenger counting market is expected to reach $194.17 Million by 2020, growing at a CAGR of 22.2% from 2014 to 2020; whereas, the Passenger Information System market is anticipated to reach $23.1 Billion by 2020.
Browse 56 Tables and 97 Figures spread through 200 Pages and in-depth TOC on Automatic Passenger Counting and Information System Market.
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The overall Automatic Passenger Counting and Information System Market is segmented into various segments, namely applications, systems, devices & components, and geographies. The automatic passenger counting market is expected to grow at an estimated CAGR of 22.2% from 2014 to 2020.
Geographically, the automatic passenger counting market is segmented into North America (the U.S., Canada, and Mexico), South America (Brazil, Argentina, and others), Europe (Germany, the U.K., France, Italy, and others), APAC (China, Japan, India, South Korea, and others), and the rest of the world (Africa and the Middle East). The American market accounts for a market share of ~55% in 2013 and is estimated to grow at a CAGR of 22.0% from 2014 to 2020. The APAC region is also expected to grow at a significant CAGR of 24.2% from 2014 to 2020
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Key players of passenger information system market include Alstom (France), Cisco Systems, Inc. (U.S.), GE Transportation (U.S.), Hitachi, Ltd. (Japan), Huawei Technologies Co. Ltd. (China), and Siemens AG (Germany).
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