HOME Research Insight Axis Communications AB (Sweden) and HELLA Aglaia Mobile Vision GmbH (Germany) are the Top Players in the People Counting System Market

Axis Communications AB (Sweden) and HELLA Aglaia Mobile Vision GmbH (Germany) are the Top Players in the People Counting System Market

The people counting system market is expected to reach USD 1,150.2 Million by 2023, at a CAGR of 10.6% between 2018 and 2023. The key opportunity for this market is the 3D people sensing technology that will unleash tremendous growth prospect in the near future. The drivers for this market are the growing retail sector and increased adoption rate of people counting technologies, availability of low-cost and easy-to-set-up people counting solutions, and increasing need for people counting solutions in the transportation sector.

The key players in the people counting system market include Axis Communications AB (Sweden), HELLA Aglaia Mobile Vision GmbH (Germany), InfraRed Integrated Systems Ltd. (UK), RetailNext, Inc. (US), ShopperTrak (US), Eurotech S.p.A. (Italy), Axiomatic Technology Limited (UK), Countwise LLC (US), DILAX Intelcom GmbH (Germany), IEE S.A. (Luxembourg), Iris-GmbH (Germany), V-Count (Turkey), and Xovis AG (Switzerland). Most of the leading market players have followed the organic strategy of product launches to boost their revenues.

Top 2 players in the people counting system market:

 Axis Communications is the leading people counting solution provider for video-based technology. The company provides its solutions to different application areas, such as retail, banking and finance, education, hospitality, and sports and entertainment. The company offers reliable and cost-efficient video-based people counting solutions incorporating cameras and video analytics software. People counting is undertaken on a real-time basis to help retailers and customers take immediate decisions to optimize operations. The company has preferred acquisitions over other growth strategies to increase its geographic reach and customer base in the people counting system market. For instance, in June 2016, it acquired Cognimatics (Sweden), a leading player in the people counting solutions market offering video analysis. Cognimatics has customers in more than 70 countries and offers products such as the TrueView People Counter, which counts people passing through predefined areas. This acquisition helped Axis Communications increase its worldwide presence in the people counting system market.

HELLA Aglaia Mobile Vision GmbH, a wholly owned subsidiary of HELLA KGaA Hueck & Co. (Germany), is one of the leaders in developing intelligent sensor systems. HELLA Aglaia Mobile Vision GmbH offers high-quality 3D sensing products to the retail and transport industries. These products are highly accurate, have advanced features, are easy to install, and are competitively priced. The company uses video recording and image processing technologies for counting and analysis purposes via a unique real-time image processing technology that helps differentiate between people and other objects, prevent multiple counting of the same person, detect current occupancy in an area, and identify the retention period of people in an area. The company is also one of the leaders in the transportation industry for passenger counting solutions. The company provides a 3D-Sense Technology Toolbox that enables computers to detect and process visual information in three dimensions by integrating stereo camera heads with other hardware and software components into a single intelligent product; automatic people counters are able to record video and synchronize with counter data to achieve higher accuracy efficiently and objectively. The company adopted expansion as a key business strategy. For instance, in September 2017, the company inaugurated its new headquarters in Berlin (Germany).

Related Reports:

People Counting System Market by Technology (IR Beam, Video-Based, Thermal Imaging), Hardware and Software, End User (Retail Stores, Supermarkets, and Shopping Malls, Transportation, Corporate, Hospitality), and Region - Global Forecast to 2023

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