People Counting System Market Overview
According to a recent study report published by the Market Research Future, the global market of People Counting System is forecasted to gain prominence over the forthcoming years due to its usability in various industry domains. The Market is forecasted to score USD ~1,100 million by 2022 growing with approximately 14% of CAGR during forecast period 2016-2022. Rapid evolution of IOT across different industries has driven the market of global People Counting System market.
The global People Counting System Market is growing due to the high accuracy and reliability in monitoring and counting entrance and exit traffic separately, while excluding carts, children, and strollers. Along with high adoption of cloud and internet of things the global People Counting System is growing explosively. People Counting System consists of people counter device that measures the number and direction of people traversing any entrance or a passage per unit time. This device is widely used in the entrances of buildings to record the total number of visitors. People counting systems has found its usage in different industry domains. People Counting Systems are predominantly used in crowded places such as shopping malls and concerts, other than their conventional job of calculating footfall, they are used for crowd management and monitoring of high-traffic areas. Their additional uses include fire management and energy usage optimization.
People Counting System Market Players:
Some of the prominent players competing in the Global People Counting System Market and are profiled in MRFR Analysis
- Iris GmbH
- Retail Next, Inc.
- Axis Communication AB
- FLIR Systems
- HELLA Aglaia Mobile Vision GmbH
- Infrared Integrated Systems Ltd
- IEE S.A.
- Eurotech SpA
- Traf-sys, Inc
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People Counting System Market – Synopsis
The global People Counting System market is segmented on the basis of position, type, connectivity, product and application. The connectivity segment sub-segmented into wired and wireless connectivity. The wireless technology is low cost, reloadable bi-directional in or out movement detector. The key advantages of wireless technology simultaneous multiple target detection, smart passage recognition (e.g., detects stops, direction change and turning back).
By Type, unidirectional People Counting System is dominating the market and is expected to reach USD 600 million by 2022.
By Connectivity, Wireless is expected to grow with 14% CAGR during forecast period 2016-2022.
By Application- Transportation sector is dominating the market and is expected to reach USD 300 million by the end of 2022.
People Counting System Market – Segments
The People Counting System Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Position: Comprises Overhead Beam, Horizontal Beam and other.
Segmentation by Type: Comprises Bidirectional, Unidirectional.
Segmentation by Technology: Comprises Bidirectional, Unidirectional.
Segmentation by Application: Comprises Transportation, Government, Retail, Hospitality, Banking & Finance, Sports &Entertainment, and others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
People Counting System Market – Competitive Analysis
Characterized by the presence of several major well-established players, the global Biosimilars market appears to be highly fragmented and competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Strategic partnerships between manufacturers supports the growth and expansion plans of the key players during the forecast period. The Key players operating in the market compete based on pricing, technology, reputation and services. Manufactures invest heavily in the R&D to develop a technology that is on a completely different level compared to their competition. These manufacturers strive to develop products with the adept technologies, unrivalled design and features.
People Counting System Market – Regional Analysis
The regional analysis of global People Counting System market is being studied for region such as Asia pacific, Americas, Europe and Rest of the World. North America is expected to dominate the market of People Counting System market throughout the forecast period. Asia-Pacific is the leading region in the People Counting System market. Retail stores, supermarkets, and shopping malls are the leading application areas in the Asia-Pacific People Counting System market. The increasing number of retail stores is one of the major driving factors for the growth of the market in Asia-Pacific. Asia Pacific will be a prominent market throughout the forecast period. Countries such as China, India, Japan, and Singapore will be the sites of high growth rate throughout the forecast period.
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