Report Scope & Overview:
People Counting System Market Size was valued at USD 1.31 billion in 2022, and is expected to reach USD 2.71 billion by 2030, and grow at a CAGR of 9.5% over the forecast period 2023-2030.
The People counter is an electronic device, used to measure the downside which means the number of people passing through a particular corridor or entrance. It is used in a variety of footprint and line management systems such as retailers, transports, supermarkets, bricks and car dealerships. Different types of human calculators are available that can be customized according to budget convenience and demand for stores such as WIFI trackers, hot photography systems, simple hand-held buttons, infrared bars, and video counters. There are many technologies associated with human calculation systems such as infrared beams, thermal sensors, video, and more.
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The people counting system market is expected to witness growth from 2023 to 2030 due to increased awareness of sales statistics to understand customer behavior and popularity in the retail, hospitality and entertainment sectors. The fast-growing retail industry and the adoption of digital-enabled technology compel retailers to use advanced human calculators. The proliferation of automated systems in a number of industries influences the census system to achieve the popularity of transportation and retail applications. Various vendors introduce 2D & 3D video-based calculation systems that provide accurate traffic scale results for the transmission of cameras and stereo vision sensors. So, all of these factors are responsible for market growth.
As a result of the COVID-19 outbreak, there is an increase in the use of people counting systems in retail establishments and public spaces to maintain occupancy restrictions for social distance.
Due to the long-term advantages of placing public counters, businesses, libraries, and transportation hubs are putting more of an emphasis on doing so.
High Costs Involved in The Advanced People Counting Systems.
4D technology integration with video-based people counters.
Installation of workplace people counting systems.
Negative impact of COVID-19 on inventory management and manufacturing capacity of people counting devices.
The usefulness of video-based counters is limited by differential store metrics.
IMPACT OF COVID-19:
COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption.
Based on Type,
the bidirectional segment holds the largest share in the census system market, and a similar trend may be observed during forecasting. Growth was due to programs such as sales statistics, line management, staff improvement, and space utilization. These census systems can detect when a person enters or exits the door. Allows end users to calculate the number of guests on the floor or in another location, as well as how they used to enter / exit. Sensors used in dual-directed human computation systems can scan areas 200 times / second, allowing them to operate at more than 92% accuracy.
Based on Technology,
Market video-based demographics are expected to record the highest CAGR from 2023 to 2030. Growth can be attributed to a significant need for accuracy as these technologies are able to provide a more accurate number of visitors compared to other technologies. These systems are 95% accurate and can count on both indicators; they may be linked to modern analytics systems that help end users with store statistics, stay time, line management, etc.
Based on Offering,
the hardware component holds the largest share in the census system market, and this trend is expected to continue during the forecast period. The ability to collect the more accurate data needed to provide the exact number of visitors plays an important role in expanding the hardware supply market. Companies are investing heavily in the development of additional technologies that can operate in complex environments without compromising the efficiency of census systems.
by End Use
by mounting platform
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North America is likely to lead the market for people counting systems during the forecast period. The presence of technologically advanced stadiums, banks, amusement parks, and retail outlets is credited for driving up the adoption of people counters in the area. Due to the existence of a sizable number of airports that require visitor counting and tracking systems, it is also expected to develop at a noticeably high rate. Additionally, some significant firms have their headquarters in North America, including Infrared Integrated Systems Ltd (IRISYS), Retail Next, and Teledyne FLIR LLC. To maintain or strengthen their market position, these businesses are implementing a balanced combination of organic and inorganic growth tactics.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The key players in the people counting system market are Hella Aglaia Mobile Vision, Retailnext, Eurotech, Axis Communications, Infrared Integrated Systems, Shoppertrak, Axiomatic Technology, Dilax Intelcom, Countwise, Infodev Electronic Designers International & Other Players.
Axis Communications-Company Financial Analysis
|Market Size in 2022
|US$ 1.31 Billion
|Market Size by 2030
|US$ 2.71 Billion
|CAGR of 9.5% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• By Type (Programmable (FPGA & PLD) DSP IC, Application-Specific DSP IC, General-Purpose DSP IC)
• By Offering (Hardware And Software)
• By Technology (Infrared Beam, Thermal Imaging, Video Based, And Others)
• By End-Use (Transportation, Hospitality, Industrial, Retail, And Others)
• By Type (Unidirectional, Bidirectional)
• By Mounting Platform (Ceiling, Wall, Floor)
|North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Hella Aglaia Mobile Vision, Retailnext, Eurotech, Axis Communications, Infrared Integrated Systems, Shoppertrak, Axiomatic Technology, Dilax Intelcom, Countwise and Infodev Electronic Designers International.
|• As a result of the COVID-19 outbreak, there is an increase in the use of people counting systems in retail establishments and public spaces to maintain occupancy restrictions for social distance.
|• High Costs Involved in The Advanced People Counting Systems.
The Industrial Refrigeration Market size was valued at USD 1.31 billion in 2022 at a CAGR of 9.5%.
The market value is expected to reach USD 2.71 billion by 2030.
The market has been segmented with respect to type, technology, offering and end-user.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. People Counting System Market Segmentation, by offering
9. People Counting System Market Segmentation, by technology
9.2 Infrared Beam
9.3 Thermal Imaging
9.4 Video Based
10. People Counting System Market Segmentation, by end use
11. People Counting System Market Segmentation, by type
12. People Counting System Market Segmentation, by mounting platform
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Hella Aglaia Mobile Vision
14.5 Axis Communications
14.6 Infrared Integrated Systems
14.7 Axiomatic Technology
14.8 Dilax Intelcom
4.10 Infodev Electronic Designers International
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments
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