#Smart Cards Automated Fare Collection Systems Market Size

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Smart Cards Automated Fare Collection Systems Market Size, Share, Growth Opportunity and Trends by Growing CAGR Till 2026

The global Smart Cards Automated Fare Collection Systems Market report offers a comprehensive assessment of the market for the forecast years. The report contains several segments and an analysis of the market trends and growth factors that are playing a vital role in the market. These factors encompass the drivers, restraints, and opportunities. This globe industry offers an outlook on the strategic development of the market in terms of revenue profits over the forecast period 2021-2026.

The key market players for the global Smart Cards Automated Fare Collection Systems market are listed below:

Cubic Corporation

Xerox

Scheidt & Bachmann

The Nippon Signal

Huaming

Omron Corporation

LECIP

INIT

Thales Group

GFI Genfare

GRG Banking

Shanghai Potevio Company Limited

Huahong Jitong

Gunnebo

GMV

Others

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The Global Smart Cards Automated Fare Collection Systems Market Report is equipped with market data from 2016 to 2026. The report gives a market overview covering key drivers and risk factors. The report is bifurcated by top global manufactures mentioning sales, revenue, and prices as applicable. It also evaluates the competitive scenario of the leading players. The report expands to cover regional market data along with type and application. The report forecasts sales and revenue from 2021 to 2026. The detailed sales channel is also covered in the study.

COVID-19 Impact Analysis on Smart Cards Automated Fare Collection Systems Market

The global pandemic COVID-19 has affected the Smart Cards Automated Fare Collection Systems market directly or indirectly. This study covers a separate section giving an explicitly clear understanding of the aftereffects of this pandemic. The detailed study highlights the probable outcomes of this global crisis on the Smart Cards Automated Fare Collection Systems industry. The impact study on production, supply-demand, and sales provides a holistic approach to the future.

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Why Purchase this Report?

A robust research methodology has been followed to collect data for the report. Data, thus collected passes through multiple quality checks to ensure the best quality is served.

The report gives a holistic view of the competitive scenario of the Smart Cards Automated Fare Collection Systems market

The latest product launches along with technological changes and development are covered in the report.

The data analysis in the report helps in understanding the anticipated Smart Cards Automated Fare Collection Systems market dynamics from 2021 to 2026.

DecisionDatabases has a vast repository of data, therefore, we can accommodate customized requirements also.

The graphs, tables and pie charts, and info-graphics covered in the report will help in a better understanding of the report.

The market drivers, restraints, upcoming opportunities, and anticipated restraints cited in the report will assist in making an informed decision.

To better understand the market scenario, the Smart Cards Automated Fare Collection Systems market is segmented as below:

By Types:

Farebox

Ticket Vending Machines (TVM)

Validator

By Applications:

Off-Board

On-Board

By Regions:

North America (U.S., Canada, Mexico)

Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

Latin America (Brazil, Rest of L.A.)

The Middle East and Africa (Turkey, GCC, Rest of Middle East)

The content of the study subjects includes a total of 14 chapters:

Chapter 1: To describe Smart Cards Automated Fare Collection Systems product scope, market overview, market opportunities, market driving force, and market risks. Chapter 2: To profile the top manufacturers of Smart Cards Automated Fare Collection Systems, with price, sales, revenue, and global market share of Smart Cards Automated Fare Collection Systems in 2018 and 2019. Chapter 3: The Smart Cards Automated Fare Collection Systems competitive situation, sales, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4: The Smart Cards Automated Fare Collection Systems breakdown data are shown at the regional level, to show the sales, revenue, and growth by region, from 2015 to 2020. Chapter 5 and 6: To segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020. Chapter 7, 8, 9, 10 & 11: To break the sales data at the country level, with sales, revenue, and market share for key countries in the world, from 2016 to 2021 and Smart Cards Automated Fare Collection Systems market forecast, by regions, type, and application, with sales and revenue, from 2021 to 2026. Chapter 12, 13 & 14: To describe Smart Cards Automated Fare Collection Systems sales channel, distributors, customers, research findings and conclusion, appendix, and data source.

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May 2021 Report on Global Smart Cards Automated Fare Collection Systems Market Size, Share, Value, and Competitive Landscape 2024

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Global Automated Fare Collection System Market - Share, Growth, Trends, Size and Forecast 2021 - 2027

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The global automated fare collection system market is projected to grow at a compound annual growth rate (CAGR) of 9% during the forecast period 2021-2027, according to the new report published by Gen Consulting Company.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into ‘Global Automated Fare Collection System Market 2021-2027’. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, company share of market leaders, growth rate and market segments.

The automated fare collection system market is segmented on the basis of application, technology platform, component, and region. The automated fare collection system market is segmented as below:

By Application:

- Bus

- Car Rental

- Toll

- Train

- Others

By Technology Platform:

- Near Field Communication (NFC)

- Optical Character Recognition (OCR)

- Smart Card

- Others

By Component:

- Hardware

- Software

By Region:

- Asia-Pacific

- Europe

- North America

- Middle East and Africa (MEA)

- South America

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The automated fare collection system industry is characterized by a high level of market share concentration. The market research report covers the analysis of key stake holders of the automated fare collection system market. Some of the leading players profiled in the report include ATOS SE, Cubic Transportation Systems, Inc., dormakaba Holding AG, Lecip Holdings Corporation, LG CNS, NXP Semiconductors N.V., Omron Corporation, Thales Group, among others.

Historical & Forecast Period

This research report provides analysis for each segment from 2017 to 2027 considering 2020 to be the base year.

Scope of the Report

- To analyze and forecast the market size of the global automated fare collection system market.

- To classify and forecast the ‘Global Automated Fare Collection System Market’ based on application, technology platform, component, and region.

- To identify drivers and challenges for the global automated fare collection system market.

- To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global automated fare collection system market.

- To conduct pricing analysis for the global automated fare collection system market.

- To identify and analyse the profile of leading players operating in the global automated fare collection system market.

For More Information, refer to below link:-

Global Automated Fare Collection System Market Forecast 2021-2027

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Automated Fare Collection Market Expected To Achieve Lucrative Growth By 2025

The global automated fare collection market size is expected to reach USD 19.89 billion by 2025 registering a CAGR of 13.6% from 2019 to 2025, according to a new report by Grand View Research, Inc. Growing adoption of digital technologies to improve transaction processing speed and to reduce issues associated with cash handling and ticket management is anticipated to remain one of the leading factors driving the market.

Focus of governments on the performance optimization of existing public transit systems, such as subways, buses, trams, and metros, is also expected to boost the usage of technology-driven AFC systems for digital transaction processing and payment management. Increasing penetration of the technology has provided transit system operators an effective way to reduce counter congestions, operational costs, waiting time, and cash leakage issues often faced in traditional fare collection systems. This has also facilitated hassle-free and convenient travel experiences for commuters.

Rising awareness about these benefits is compelling transit operators to replace conventional physical ticketing machines and toll booths with contactless AFC systems. The data generated by such systems is further used in implementing a data-driven network optimization approach for public transit systems. Public transit network operators were able to capitalize on the unutilized capacity of the trains by using a data-driven model. Emerging countries in Asia Pacific, such as India and China, are also in the process of implementing similar systems to enable operators to dynamically plan and optimize ticket prices.

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Further key findings from the study suggest:

Software segment is said to register the maximum CAGR over the forecast years due to rising focus of transit system operators on deploying integrated AFC systems covering multiple transportation modes

Near Field Communication (NFC) technology segment is anticipated to gain traction owing to its superior transaction speed, contactless payment capability, and higher adoption by transit operators

Railways & transportation application will witness the highest CAGR from 2019 to 2025 due to the development of railway and highway infrastructure networks in emerging countries, such as India

Asia Pacific to expand at the highest CAGR of 17.1% from 2019 to 2025 due to rapid urbanization and rising need for deploying faster payment processing systems due to increasing number of commercial vehicles and daily commuters

Key companies in the global AFC market include Cubic Corp., Advanced Card Systems Ltd., Atos SE, Indra Sistemas SA, GMV, LG CNS, LECIP Holdings Corp., Omron Corp., Masabi Ltd., NXP Semiconductors N.V., Nippon Signal Co., Ltd., Samsung SDS Co., Ltd., Siemens AG, Telexis B.V., Singapore Technologies Engineering Limited, Scheidt & Bachmann GmbH, Thales Group, Trapeze Group, Vix Technology, UL Identity Management & Security, and Thales Group

Grand View Research has segmented the global Automated Fare Collection market on the basis of component, technology, system, application, and region:

Automated Fare Collection Component Outlook (Revenue, USD Million, 2014 - 2025)

Hardware

Software

Automated Fare Collection Technology Outlook (Revenue, USD Million, 2014 - 2025)

Smart Card

Magnetic Stripe

Near Field Communication (NFC)

Optical Character Recognition (OCR)

Automated Fare Collection System Outlook (Revenue, USD Million, 2014 - 2025)

Ticket Vending Machine (TVM)

Ticket Office Machine (TOM)

Fare Gates

IC Cards

Automated Fare Collection Application Outlook (Revenue, USD Million, 2014 - 2025)

Railways & Transportation

Parking

Entertainment

Others

Automated Fare Collection Regional Outlook (Revenue, USD Million, 2014 - 2025)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

U.S.

Canada

France

Germany

Poland

Russia

U.K.

Australia

China

India

Japan

Brazil

Mexico

Saudi Arabia

UAE

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

[udaycmi]

According to a new report published by Polaris Market Research the worldwide Automated Fare Collection (AFC) market is anticipated to reach around USD 13,594 million by 2026. In 2017, the smart cards segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global automated fare collection market.

The increasing need to automate ticketing systems for public and private transportation majorly drives the market growth. Organizations are gradually adopting automated fare collection systems to increase efficiency, and easy management of high volume of commuters. The growing need to reduce frauds in public transportation further accelerates the adoption of the AFC systems. Other factors driving the market growth include growing need to reduce operational costs, increase profitability, and enhance traveler experience. New emerging markets, increasing acceptance of cashless payments, and growing need to reduce environmental pollution are factors expected to influence the market in the coming years.

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The increasing investments in R&D and rapid development of public infrastructure in developing countries of Asia-Pacific and Latin America support the growth of automated fare collection systems. Governments across the world are collaborating with leading market players for installation of AFC systems in airports, and railways. Technological advancements in electronic payment, Near-Field Communication (NFC), and contactless payment technologies provide numerous growth opportunities in the global market. Market players are introducing affordable and highly efficient automated fare collection systems in the market to cater to the growing market demands.

North America is expected to lead the global AFC market during the forecast period. Significant investment by governments to improve the public transport infrastructure coupled with stringent regulations regarding transportation drive the growth of automated fare collection in this region. Technological advancement and introduction of advanced systems by the market players has increased their acceptance in the region. Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, and increasing investments in public infrastructure. Expansion of global players into these countries to tap market potential boosts the market growth.

The well-known companies profiled in the report include Thales Group, Longbow Technologies S/B, Cubic Corporation, Advanced Card Systems Holdings Limited, Atos SE, Indra Sistemas SA, UL Transaction Security, Siemens AG, Samsung SDS Co. Ltd., GMV Innovating Solutions, Masabi Ltd., and Omron Corporation among others. These companies introduced new technologies and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of the consumers.

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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world

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Phone: 1-646-568-9980

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[sandlerresearch]

Smart Ticketing Market by Component (Hardware, Software, and Services), Application (Parking and Transportation (Roadways, Railways, and Airways), and Sports and Entertainment), Organization Size, and Region - Global Forecast to 2026 published on

https://www.sandlerresearch.org/smart-ticketing-market-by-component-hardware-software-and-services-application-parking-and-transportation-roadways-railways-and-airways-and-sports-and-entertainment-organization-size-and.html

Smart Ticketing Market by Component (Hardware, Software, and Services), Application (Parking and Transportation (Roadways, Railways, and Airways), and Sports and Entertainment), Organization Size, and Region - Global Forecast to 2026

The rising adoption of contactless payments and the growing adoption of wearable technologies are expected to drive the overall growth of the smart ticketing market across the globe.

The global smart ticketing market size is projected to grow from USD 7.2 billion in 2020 to USD 16.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 14.5% during the forecast period. The smart ticketing market is gaining traction due to affordable access to rapid transit with the help of smart transit systems, huge demand for smart ticketing from sports, entertainment, and tourism industries, advanced technologies in the smart ticketing systems, rising adoption of contactless payments, upsurge in the intelligent transportation market, and growing adoption of wearable technologies.

Based on application, the parking and transportation segment is expected to hold a larger market share during the forecast period

The parking and transportation segment is projected to account for a larger market share from 2020 to 2026. The mobility requirements of the public are growing. Therefore, there is demand for the intelligent networking of mobility platforms that contribute toward reducing traffic congestion and improving efficiencies during peak times and to support better travel experiences.  The smart ticketing systems enable passengers to load tickets or credit before their travel, thereby speeding up boarding times and reducing queues.  Airports, shopping centers, and hospitals are building large parking spaces. To increase parking capacities, digital platforms for parking management are deployed. The digitization of the parking industry is turning vehicle license plate numbers into parking tickets.

Based on Organization size, the SMEs segment to grow at the highest CAGR during the forecast period

SMEs segment is expected to grow at the highest CAGR during the forecast period as these organizations are focused on the deployment of smart ticketing solutions to improve competitiveness, reduce operating costs, and increase their revenue. With advancements in ticketing technologies and intense competition among vendors, the cost of automating the ticketing system is declining. This, in turn, would enable SMEs to adopt smart ticketing solutions and services in the near future. Governments are partnering with SMEs with a view to promoting the use of smart technology solutions in specific industries, such as transportation in Denmark and tourism in New Zealand.

Asia Pacific (APAC) region to record the highest growth in the smart ticketing market

APAC is expected to grow at the highest CAGR during the forecast period owing to the presence of emerging economies such as China, India, Indonesia, Malaysia, and Thailand. These countries are focusing on building smart cities due to strong economic growth, the rise in population, and rapid urbanization. APAC countries are also attracting investments, promoting new technologies, and developing innovative solutions to improve the quality of life. There is an emphasis on the development of advanced and interoperable automated fare collection systems, such as smart cards and NFC-enabled devices, to increase both the efficiency of transport systems and ridership by giving commuters a smooth travel experience. Developed countries such as Japan and Singapore are focusing on technology-enabled transport systems by making heavy technology investments.

By Company Type: Tier 1 – 30%, Tier 2 – 45%, and Tier 3 – 25%

By Designation: C-level – 40%, Directors – 40%, and Others – 20%

By Region: North America – 40%, Europe – 30%, APAC – 20%, and Rest of the World (RoW)– 10%

This research study outlines the market potential, market dynamics, and major vendors operating in the smart ticketing market. Key and innovative vendors in the smart ticketing market includeACT (England), Atsuke (France), Cammax (England), Conduent (US), Confidex (Finland), Corethree (England), Cubic (US), Flowbird Group (France), Giesecke+Devrient (Germany), HID Global (US), Hitachi Rail (Italy), IDEMIA (France), Indra (Spain), Infineon Technologies (Germany), INIT (Germany), LIT Transit (Slovenia), Masabi (England), NXP Semiconductors (Netherland), PayiQ (Finland), Scheidt & Bachmann (Germany), SecuTix (Switzerland), Siemens (Germany), Thales (France), Ticketer (England), and Xerox (US).

Research coverage

The market study covers the smart ticketing market across different segments. It aims at estimating the market size and the growth potential of this market across different segments based on components (hardware, software, and services), application, organization size, and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the report  

The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall smart ticketing market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

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Automated Fare Collection System Market Expected to Witness a Sustainable Growth over 2026

The Global Automated Fare Collection System Market 2020-2026 Report provides an in-depth analysis on the studied market that helps to look at the future requirement as well as prediction. The automated fare collection system market report evaluates the market by key market players, opportunities, value, trends, growth, market share, market competition landscape, recent developments and sales volume analysis. In addition, it magnifies the opportunity for decision-making and helps create an efficient counter-strategy to achieve a competitive advantage. The report provides up-to-date review of the current global market scenario, the latest developments and drivers, and the overall market environment is given in the study.

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The Following are the Key Features of Global Automated Fare Collection System Market Report:

Market Overview, Industry Development, Market Maturity, PESTLE Analysis, Value Chain Analysis

Growth Drivers and Barriers, Market Trends & Market Opportunities

Porter’s Five Forces Analysis & Trade Analysis

Market Forecast Analysis for 2020-2026

Market Segments by Geographies and Countries

Market Segment Trend and Forecast

Market Analysis and Recommendations

Price Analysis

Key Market Driving Factors

Automated Fare Collection System Market Company Analysis: Company Market Share & Market Positioning, Company Profiling, Recent Industry Developments etc.

Global Automated Fare Collection System Market Segmentation Analysis:

this segmentation includes the segments which hold the major contribution into the market and also provides detailed growth parameters about the market.

By Application • Bus • Toll • Train • Car Rental

By Component • Hardware • Software & Services

By Technology Platform • Smart Card • Near Field Communications • Optical Character Recognition (OCR) • Others (Magnetic Strips and Bar Codes)

Automated Fare Collection System Market, By Region: The geographic segmentation of the studied market covers various regions such as North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of   Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), Middle East & Africa (GCC, North Africa, South Africa, and Rest of Middle East & Africa).

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Competitive Landscape

Atos SE • Cubic Transportation Systems, Inc. • dormakaba Holding • LECIP Group • LG CNS • NXP Semiconductors • OMRON Corporation • Samsung SDS • Scheidt & Bacchhan Gmbh • Thales Group

Report Scope:

The report defines market characteristics and explains the market.

The market size section provides the market size that covers historical growth of the studied market and forecast to 2026.

Evaluation of regional and country breakdowns that provides an overview of the market in each region, the market size, and compares their historical and projected growth.

A summary of the competitive dynamics of the market, market shares, and an overview of the leading companies. Key financial deals are listed that have dominated the market in recent years.

Analysis of trends and strategies along with the suggestions for the growth of the industry.

Reasons to purchase the report:

Identify possible investment areas based on a comprehensive trend analysis of the global automated fare collection system Market over the next few years.

Gain in-depth knowledge of the underlying factors that drive demand for automated fare collection system and recognize the opportunities provided by them.

Strengthen the business knowledge in terms of industry dynamics, demand drivers, and the latest technological advances among others.

Identify the major channels that drive the demand for automated fare collection system, offering a strong image of potential prospects that can be tapped, resulting in growth in revenue.

Channelize funds by concentrating on the ongoing initiatives pursued by the numerous countries in the global automated fare collection system market.

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[digitalconvo]

Automated Fare Collection System Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2028

Global Automated Fare Collection System Market – Overview

The automated fare collection system is an end-to-end solution for collecting fare payments that consists of ticket vending machines, automatic gate machines, recharging terminals, and ticket checking machines. This system improves the efficiency in fare collection, facilitates the overall transaction rate, and minimizes waiting time in queues as well as searching for cash to buy tickets. It also has an easy method for revenue collection that offers travelers one card to use for all transit modes. As a result, this contactless system is replacing traditional ticketing system with automated ticketing.

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Global Automated Fare Collection System Market – Competitive Landscape

The global automated fare collection system market features a fragmented landscape owing to the strong presence of several key players in the market. These leading companies in the global market are constantly focusing on manufacturing technologically advanced products that will enhance efficiency. Naturally, the competition on the basis of pricing in the market quite high and is working in favor of the development of the global market. The existing market players are deploying various strategies and advanced techniques to thrive in the global market.

Some of the leading companies in the global automated fare collection system market include names such as Thales Group, Scheidt & Bacchhan Gmbh, Samsung SDS, OMRON Corporation, NXP Semiconductors, LG CNS, LECIP Group, Cubic Transportation Systems, Inc., Atos SE, and dormakaba Holding among others.

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Global Automated Fare Collection System Market – Drivers and Restraints

The requirement for user-friendly and convenient payment is increasing owing to the progress in cashless modes of payment. The automated fare collection system caters to this requirement by offering contactless bank cards that are accepted by the transit operators as a mode of payment for commuting. It enables their debit or credit cards to act as a ticket office and even saves time by eliminating the need for passengers to wait in long queues for purchasing tickets. Additionally, smart phones have become an essential tool for online ticketing, which is contributing significantly to the development of the global automated fare collection system market. The ease of purchasing tickets through smartphone applications for travelling in buses and railways is further propelling the advancement of this market. The high level of security encryption and storage capacity is reducing the number of frauds and preventing counterfeiting which is benefitting the global market.

Global Automated Fare Collection System Market – Geographical Outlook

The global automated fare collection system market has five main regions that provide the reader with the intricate details of the working dynamics of the regional landscape. These regions are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Of these, currently, the global automated fare collection system market is growing remarkably owing to the substantial contribution of the regional segment of Asia Pacific. The focus of the government on improving the transportation structure and security system of their respective countries in the region is increasing the demand for the global automated fare collection system market.

Market Segmentation is as follows:

By Applications

Bus

Toll

Train

Car Rental

By Component (2016–2026; US$ Mn)

Hardware

Software & Services

By Technology Platform

Smart Card

Near Field Communications

Optical Character Recognition (OCR)

Others (Magnetic Strips and Bar Codes)

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[uttam217]

Automated Fare Collection (AFC) System Market: Global Industry Trends, Market Size, Competitive Analysis and Forecast - 2020 – 2027

The global automated fare collection system market size is expected to grow at a significant CAGR of more than 11% during the forecast period 2020 to 2027. The increasing use of digital payments such as credit cards, debit cards, and near field communication (NFC) payment are some factors to drive the market. These systems are rapidly adopted by various industries such as rail and transportations due to their benefits such as time-saving, better process management, and fraud prevention. The government is rapidly accepting these systems to develop smart transportation infrastructure. However, higher installation and maintenance cost is projected to hinder the market growth over the forecast period. This latest industry research study analyzes the Automated Fare Collection (AFC) System market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants.

The report titled "Automated Fare Collection (AFC) System Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2020 – 2027" offers a holistic view of the Automated Fare Collection (AFC) System industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Automated Fare Collection (AFC) System market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.

Browse Full report on Global Automated Fare Collection (AFC) System Market report at https://www.researchcorridor.com/automated-fare-collection-afc-system-market/

The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.

Automated Fare Collection (AFC) System Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.

The Automated Fare Collection (AFC) System Market Segmentation:

By Component:

Hardware

Software

By Technology:

Smart Cards

Magnetic Stripe

Near Field Communication (NFC)

Optical Character Recognition     (OCR)

By Systems:

Ticket Vending Machine (TVM)

Ticket Office Machine (TOM)

Fare Gates

IC Cards

By Application:

Railways & Transportation

Parking

Entertainment

Others

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

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List of Key companies:

Advanced Card Systems Ltd.

Cubic Corporation

Atos SE

GMV

Indra Sistemas SA

LECIP Holdings Corporation

LG CNS

Masabi Ltd.

Omron Corporation

Key Questions Answered by Automated Fare Collection (AFC) System Market Report

Product popularity and adoption based on various     country-level dynamics

Regional presence and product development for leading     market participants

Market forecasts and trend analysis based on ongoing     investments and economic growth in key countries

Competitive landscape based on revenue, product     offerings, years of presence, number of employees and market     concentration, among others

number of employees and market concentration, among     others

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About Us: Research Corridor is a global market research firm. Our insightful analysis is focused on developed and emerging markets. We identify trends and forecast markets with a view to aid businesses identify market opportunities optimize strategies. Our expert’s team of analysts’ provides enterprises with strategic insights. Research Corridor works to help enterprises grow through strategic insights and actionable solutions. Feel free to contact us for any report customization at sales@researchcorridor.com .

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According to a new report published by Polaris Market Research the worldwide Automated Fare Collection (AFC) market is anticipated to reach around USD 13,594 million by 2026. In 2017, the smart cards segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global automated fare collection market.

The increasing need to automate ticketing systems for public and private transportation majorly drives the market growth. Organizations are gradually adopting automated fare collection systems to increase efficiency, and easy management of high volume of commuters. The growing need to reduce frauds in public transportation further accelerates the adoption of the AFC systems. Other factors driving the market growth include growing need to reduce operational costs, increase profitability, and enhance traveler experience. New emerging markets, increasing acceptance of cashless payments, and growing need to reduce environmental pollution are factors expected to influence the market in the coming years.

Get Sample copy of this report: https://www.polarismarketresearch.com/industry-analysis/automated-fare-collection-market/request-for-sample

The increasing investments in R&D and rapid development of public infrastructure in developing countries of Asia-Pacific and Latin America support the growth of automated fare collection systems. Governments across the world are collaborating with leading market players for installation of AFC systems in airports, and railways. Technological advancements in electronic payment, Near-Field Communication (NFC), and contactless payment technologies provide numerous growth opportunities in the global market. Market players are introducing affordable and highly efficient automated fare collection systems in the market to cater to the growing market demands.

North America is expected to lead the global AFC market during the forecast period. Significant investment by governments to improve the public transport infrastructure coupled with stringent regulations regarding transportation drive the growth of automated fare collection in this region. Technological advancement and introduction of advanced systems by the market players has increased their acceptance in the region. Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, and increasing investments in public infrastructure. Expansion of global players into these countries to tap market potential boosts the market growth.

The well-known companies profiled in the report include Thales Group, Longbow Technologies S/B, Cubic Corporation, Advanced Card Systems Holdings Limited, Atos SE, Indra Sistemas SA, UL Transaction Security, Siemens AG, Samsung SDS Co. Ltd., GMV Innovating Solutions, Masabi Ltd., and Omron Corporation among others. These companies introduced new technologies and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of the consumers.

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world

Contact us

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Automated Fare Collection Market Research (2020-2025) Report by Global Size, Growth Insight, Share, Trends

Automated Fare Collection Market Research Report (2020-2025) Provides In-Depth Analysis by Scope, Growth Rate, Driving Factors, Competitive Situation, Top Manufacturers and Upcoming Trends. Automated Fare Collection Market report split global into several key Regions which mainly includes Market Overview, Table of Content, List of Figures and Applications. Automated Fare Collection Market Growing at Higher CAGR Rate of XX% between (2020-2025).

 Summery:-

 The global Automated Fare Collection (AFC) Market is expected to display higher growth rate over the next seven years. Rapid surge in the automated fare collection industry is credited to the growing need for hassle free and efficient transportation systems. An automated fare collection (AFC) system comprises of several components, which are used to perform automated ticket collection. The automated fare ticketing system is majorly utilized for public transportation network that is also termed as an automated version of manual fare collection. The automated fare collection (AFC) systems are based on integrated ticketing phenomenon.

 Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/automated-fare-collection-afc-market/request-sample

 The key driving factors responsible for the growth of Automated Fare Collection market :

 Globally, automated fare collection market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the AFC market. Automated fare collections systems are increasingly used for local public transport, railways, taxi services and rental cars. Other applications of automated fare collection include vehicle charging station and airports. Strong economic growth and increasing infrastructure investment, particularly in the Asia Pacific region is expected to fuel market growth over the forecast period. In addition, implementation of several infrastructure development project in the public sector and civil developments in the developing economies across the globe is expected to offer lucrative growth opportunities for industry participants in the upcoming years.

 Rise in research & development activities coupled with vertical integration among system providers and transit agencies are anticipated to pave a way for market growth in the near future. Substantial increase in number of transit agencies such as airports, railways and parking are fostering market growth of automated fare collection over the coming years.

 Furthermore, declined cost and cheaper operation rates is estimated to stimulate the growth of automated fare collection (AFC) industry over the forecast period. Familiarity with new technology such as smart card, contactless technology and electronic payment is predicted to positively affect market performance across the globe.

 Automated fare collection (AFC) market is broadly categorized into four major segments based on the system technology type such as ticket vending machine, ticket office machine, fare gates and IC cards. The ticket vending machine segment is growing rapidly in the automated fare collection industry with substantial revenue generation in the last few years.

 View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/automated-fare-collection-afc-market

 Table of Contents:-

 •         Automated Fare Collection Market Overview

•         Automated Fare Collection Market Competition by Manufacturers

•         Automated Fare Collection Market Production, Revenue (Value) by Region (2014-2025)

•         Automated Fare Collection Market Supply (Production), Consumption, Export, Import by Regions (2014-2025)

•         Automated Fare Collection Market Production, Revenue (Value), Price Trend by Type

•         Automated Fare Collection Market Analysis by Application

•         Automated Fare Collection Market Manufacturers Profiles/Analysis

•         Automated Fare Collection Market Manufacturing Cost Analysis

•         Automated Fare Collection Market Industrial Chain, Sourcing Strategy and Downstream Buyers

•         Automated Fare Collection Market Marketing Strategy Analysis, Distributors/Traders

•         Automated Fare Collection Market Effect Factors Analysis

•         Automated Fare Collection Market Research Findings and Conclusion

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Automated Fare Collection Market 2020 Size, Industry Growth, Trends, Latest Tech & Innovation

According to a new report published by Polaris Market Research the worldwide Automated Fare Collection (AFC) market is anticipated to reach around USD 13,594 million by 2026. In 2017, the smart cards segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global automated fare collection market.

The increasing need to automate ticketing systems for public and private transportation majorly drives the market growth. Organizations are gradually adopting automated fare collection systems to increase efficiency, and easy management of high volume of commuters. The growing need to reduce frauds in public transportation further accelerates the adoption of the AFC systems. Other factors driving the market growth include growing need to reduce operational costs, increase profitability, and enhance traveler experience. New emerging markets, increasing acceptance of cashless payments, and growing need to reduce environmental pollution are factors expected to influence the market in the coming years.

Request for a sample copy of this research report @ https://www.polarismarketresearch.com/industry-analysis/automated-fare-collection-market/request-for-sample

The increasing investments in R&D and rapid development of public infrastructure in developing countries of Asia-Pacific and Latin America support the growth of automated fare collection systems. Governments across the world are collaborating with leading market players for installation of AFC systems in airports, and railways. Technological advancements in electronic payment, Near-Field Communication (NFC), and contactless payment technologies provide numerous growth opportunities in the global market. Market players are introducing affordable and highly efficient automated fare collection systems in the market to cater to the growing market demands.

North America is expected to lead the global AFC market during the forecast period. Significant investment by governments to improve the public transport infrastructure coupled with stringent regulations regarding transportation drive the growth of automated fare collection in this region. Technological advancement and introduction of advanced systems by the market players has increased their acceptance in the region. Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, and increasing investments in public infrastructure. Expansion of global players into these countries to tap market potential boosts the market growth.

Complete Summary with TOC Available @ https://www.polarismarketresearch.com/industry-analysis/automated-fare-collection-market

The various types of technologies used in automated fare collection system include Near-Field Communication (NFC), Optical Character Recognition (OCR), smart cards, and magnetic strips.  The smart cards segment is expected to lead the market during the forecast period owing to increasing popularity of cashless transactions. NFC is expected to grow at the highest CAGR during the forecast period.

The well-known companies profiled in the report include Thales Group, Longbow Technologies S/B, Cubic Corporation, Advanced Card Systems Holdings Limited, Atos SE, Indra Sistemas SA, UL Transaction Security, Siemens AG, Samsung SDS Co. Ltd., GMV Innovating Solutions, Masabi Ltd., and Omron Corporation among others. These companies introduced new technologies and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of the consumers.

Purchase This Report @: https://www.polarismarketresearch.com/checkouts/291

 About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

Contact Us:

Polaris Market Research

Phone: 1–646–568–9980

Email: sales@polarismarketresearch.com

Web: www.polarismarketresearch.com