Global People Counting System Market to Reach USD 3,334.70 Million by 2031 | CAGR of 11.6%
Category : IT And Telecommunications | Published Date : Oct 2024 | Type : Press Release
People Counting System Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the People Counting System Market size was valued at USD 1,383.20 Million in 2023 and is projected to reach USD 3,334.70 Million by 2031, growing at a CAGR of 11.6% from 2024 to 2031. People counting systems utilize hardware sensors and software algorithms to track and count individuals passing through designated areas, such as doorways or zones within buildings. These systems are employed across various sectors, including retail, transportation, hospitality, and more, to optimize space usage, monitor occupancy, and improve operational efficiency.
The report comprises the People Counting System Market Share, Size & Industry Analysis, By Component (Hardware, Software), Technology (Video-Based Technology, Infrared Beam, Thermal Imaging, Others), End-User (Retail, Transportation, Hospitality, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on People Counting System Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Rising demand for real-time analytics in retail and adoption in restaurants for occupancy monitoring are primary growth drivers. Additionally, strategic facility management in retail offers growth opportunities.
Segmental Analysis :
Based on component, the market includes hardware and software.
- Hardware accounted for the largest revenue share in 2023 due to its role in accurate data gathering through cameras, sensors, and other tracking devices.
- Software is expected to grow at a significant CAGR, driven by its integration capabilities with existing systems, enabling real-time insights into customer behavior and space utilization.
Based on technology, the market is segmented into video-based technology, infrared beam, thermal imaging, and others.
- Video-based technology held the largest share of 47.49% in 2023, benefiting from its accuracy in tracking large crowds and providing insights on traffic flow.
- Thermal imaging is projected to grow at the highest CAGR, offering detailed analytics on crowd density, flow patterns, and advanced security.
Based on end-user, the market includes retail, transportation, hospitality, and others.
- Retail dominated the market in 2023, using people counting systems to monitor peak shopping times, assess marketing effectiveness, and optimize staffing.
- Hospitality is anticipated to grow significantly, with hotels, restaurants, and event venues leveraging people counting for visitor flow management and improved service delivery.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- Asia-Pacific led the market in 2023, driven by urbanization and increased infrastructure development in China and India.
- North America is expected to grow at a notable CAGR, supported by the rising use of people-counting systems in retail outlets, malls, and other public spaces for better occupancy management.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 3,334.70 Million |
| CAGR (2024-2031) | 11.6% |
| By Technology | Hardware, Software |
| By End-User | Retail, Transportation, Hospitality, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the People Counting System Industry:
- Axiomatic Technology Ltd. (UK)
- DILAX Intelcom GmbH (Germany)
- FootfallCam (UK)
- Gigabyte Technology Co. Ltd. (Taiwan)
- Hangzhou Hikvision Digital Technology Co. Ltd. (China)
- Dor Technologies Inc. (US)
- HELLA GmbH and Co. KGaA (Germany)
- iris GmbH infrared and intelligent sensors (Germany)
- Johnson Controls International Plc (Ireland)
- Koninklijke Philips N.V. (Netherlands)
Recent Industry Developments :
- In November 2023, Dor Technologies, Inc., introduced the DTM (Dor Traffic Miner), a thermal sensing device for retail outlets to track foot traffic accurately.
- In September 2023, Xovis launched AERO, a passenger flow service that enhances people-counting accuracy with real-time data analysis, targeting the aviation sector.
