Worldwide people counting system market is anticipated to exceed USD 2 billion by 2025, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2019-2025.
Growing demand for efficient people management solutions in numerous sectors such as entertainment and healthcare will drive people counting system industry growth. These segments are mainly involved in implementing advanced technologies to manage consumers crowd. Implementation of these technologies in clinics and medical camps is also expected to increase in the coming years due to growing number of patients suffering from fatal diseases.
Such features are inspiring healthcare sectors to implement active technologies to count and spot the daily patient figures that will enable them to develop operative tactics for dealing with large number of patients, thereby providing a boost to people counting system (PCS) market.
The thermal imaging technology is experiencing a steady growth in PCS market owing to growing effectiveness of the system along with thermal sensors compared to other technologies. These sensors offer more precise foot traffic than Bluetooth, Wi-Fi and infrared technologies, encouraging the application sectors to adopt thermal sensors.
Furthermore, the effectiveness of these sensors in perceiving customers even in flexible lighting condition is a key feature boosting people counting system demand. Many large setups like museums, retail businesses and libraries have emerged as the main application areas of these technologies for appropriate data analysis.
Growing implementation of hardware components in people counting system is majorly driving product demand. Innovations and technological advancements in the industry have led to development of modern and new components for improving system efficiency.
Manufacturers in people counting system market are also contributing in different sorts of camera technologies for capturing traffic and customer statistics. PTZ (Pan-tilt-zoom) cameras are one of the key hardware components that has recorded high adoption lately owing to its flexibility to tilt and zoom for capturing the sight of an entire room or facility.
Growing implementation of APC (Automatic Passenger Counting) technologies in airports, buses and railways are permitting operators to manage passenger crowd. These technologies allow airport or railway authorities to analyze and predict the seat availability that will help them avoid overcrowded situations.
Furthermore, many transportation projects are being employed with these solutions for traffic analysis and smart monitoring, in turn growing PCS market size. Citing an instance, Rhein-Neckar-Verkehr-GmbH (RNV) that operates in bus lines, rails and streetcar in Heidelberg, Ludwigshafen and Mannheim integrated IRMA sensors developed by Iris GmbH.
According to the reports, North America people counting system market is expected to record high growth owing to improved adoption of smart solutions in the transportation and retail industry for enhancing corporate operations and for helping customers efficiently.
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Countries including Canada and the U.S. have employed these technologies in big transportation projects. For example, PHX Sky Train is integrated with 500-pixel IRMA matrix sensors with TOF (Time of Flight) technology. Rising implementation of these technological solutions in the manufacturing sectors will further drive PCS market growth.
The key players operating in people counting system market include HELLA Aglaia Mobile, Vision GmbH, InfraRed Integrated Systems Ltd., Axis Communications AB, ShopperTrak, DILAX Intelcom GmbH, V-Count, FLIR Systems, Inc., Mobile Vision GmbH, Iris-GmbH Infrared and Intelligent Sensors, among others.
These companies are competing in the market by developing advanced technologies such as 3D stereovision, Wi-Fi and BLE (Bluetooth Low Energy). Furthermore, market players are offering many software tools that are designed to provide operability and active connectivity with counters.