Home Press Releases People Counting System Market Size Worth $1,938.5 Million by 2030 | CAGR: 9.5%

People Counting System Market Size Worth $1,938.5 Million by 2030 | CAGR: 9.5%

The global people counting system market size is expected to reach USD 1,938.5 Million by 2030 according to a new study by Polaris Market Research. The report “People Counting System Market Share, Size, Trends, Industry Analysis Report, By End-Use (Retail, Transportation, Corporate, Hospitality, BFSI, Healthcare, Others); By Type; By Technology; By Offering; By Mounting Platforms; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The ongoing technical enhancements and the incorporation of innovative technologies such as Time-of-Flight (ToF), stereo vision, and beacons, among others, will support the adoption and acceptance of the industry. With the progression of automated methods in various sectors, the market is also gaining wide popularity in transportation & retail applications. Several manufacturers within the industry are launching 2D & 3D video-based solutions.

 

The hardware segment is witnessing a leading stake in the global market based on the offering division. This is due to the improving capacity to collect more accurate data for providing an exact visitor count. The hardware offering segment plays a prominent role in the demand for the market. However, the software segment is projected to grow at the fastest CAGR during the forecast period.

 

North America is projected to lead the industry in terms of revenue share around the globe, owing to the rising government measures to promote digitalization strategies to provide better customer support. In contrast, Asia Pacific is projected to register the highest growth rate over the study period, owing to intelligent retailing solutions adopted by the regional players.

 

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Major participants include Retailnext, DILAX Intelcom GmbH, EuroTech, Footfallcam, Hella Aglaia Mobile Vision GmbH, Sensormatic Solutions, IEE S.A., Axiomatic Technology Ltd, V-Count, Infrared Integrated Systems Ltd., and Sensmax Ltd are some of the key players operating in the global market. The key players are likely to emphasize developing their product line to mark their global footprint in the unreached industry.

 

For instance, In July 2021, SensMax introduced the SensMax LED-391 screen for people counting projects. The new screen is mainly designed to display occupancy data from the SensMax people counting system. Such initiatives will drastically contribute toward higher industry growth.

 

Polaris market research has segmented the people counting system market report on the basis of type, technology, offering, mounting platform, end-use, and region:

 

People Counting System, Type Outlook (Revenue – USD Million, 2018 – 2030)

  • Unidirectional
  • Bidirectional

People Counting System, Technology Outlook (Revenue – USD Million, 2018 – 2030)

  • Infrared Beam
  • Thermal Imaging
  • Video-based
  • Others

People Counting System, Offering Outlook (Revenue – USD Million, 2018 – 2030)

  • Hardware
  • Thermal Cameras
  • Infrared Sensors
  • Fixed Cameras
  • Fixed Dome Cameras
  • Pan-Tilt Zoom Cameras
  • Software
  • Most Impacted Offering
  • Least Impacted Offerings

People Counting System, Mounting Platform Outlook (Revenue – USD Million, 2018 – 2030)

  • Ceiling
  • Wall
  • Floor

People Counting System, End-Use Outlook (Revenue – USD Million, 2018 – 2030)

  • Retail
  • Transportation
  • Corporate
  • Hospitality
  • BFSI
  • Healthcare
  • Others

People Counting System, Regional Outlook (Revenue – USD Million, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Korea
    • Indonesia
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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