People Counting System Market Expected to Reach US ~$1,938.5 Million and CAGR 9.5% by 2030
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 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 a range of industries, the market is also gaining wide popularity in transportation & retail applications. Several manufacturers within the industry are launching 2D & 3D video-based solutions.
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Based on the offering division, the hardware segment is witnessing a leading stake in the global market. This is due to the improving capacity to collect more accurate data essential 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. Whereas APAC is projected to register the highest growth rate over the study period, owing to smart retailing solutions adopted by the players in the region.
Major participants such as Retailnext, DILAX Intelcom GmbH, EuroTech, Footfallcam, Hella Aglaia Mobile Vision GmbH, IEE S.A., Axiomatic Technology Ltd, V-Count, Infrared Integrated Systems Ltd., Sensormatic Solutions, 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.
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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
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