The Automated Fare Collection System Market report has been designed to provide all the crucial information based on various parameter of the market such as size, share, growth path, current trend, restraints, and opportunity for the timeframe of 2018-2025. The report also renders market segmentation, regional assessment, and major player engaged in the industry along with their market share. To sum, this report has covered all the key point that will definitely help to understand the industry structure.
The report also covers detailed competitive landscape
including company profiles of key players operating in the global market. The
key players in the automated fare collection system market include Advanced
Card Systems Ltd., Atos SE, Cubic Transportation Systems, NXP Semiconductors,
Omron Corporation, Scheidt & Bachmann GmbH, ST Electronics, Thales Group,
Trapeze Group and Vix Technology. An in-depth view of the competitive outlook
includes future capacities, key mergers & acquisitions, financial overview,
partnerships, collaborations, new product launches, new product developments
and other developments with information in terms of H.Q.
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Market Dynamics
The automated fare collection (AFC) system market is
estimated to grow mainly due to the rise in the adoption of cashless fare
collection system for transportation modes across all the developed and
developing regions. Further, growing intelligence in the transportation sector
along with rising investment by government in order to improve the
infrastructure of the transport system is again propelling the market growth.
Whereas, high installation cost and slow growth in the developing and
underdeveloped region is the only major factor that can limit the market growth
in the next six years.
According to the global Automated Fare Collection System Market report published by Value Market Research, the market is expected to touch USD 13.9 BN by 2024, with a CAGR of 12.0% growing from USD 6.4 BN in 2017.
This detailed market study is centered on the data obtained
from multiple sources and is analyzed using numerous tools including porter’s
five forces analysis, market attractiveness analysis and value chain analysis.
These tools are employed to gain insights of the potential value of the market
facilitating the business strategists with the latest growth opportunities.
Additionally, these tools also provide a detailed analysis of each
application/product segment in the global market of automated fare collection
system.
Browse Global Automated
Fare Collection System Market Research Report with detailed TOC at https://www.valuemarketresearch.com/report/automated-fare-collection-system-market
Market Segmentation
The broad automated fare collection system market has been
sub-grouped into technology and component. The report studies these subsets
with respect to the geographical segmentation. The strategists can gain a
detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better
opportunities.
By Technology
·
Smart Card
·
Magnetic Strip
·
Optical Character Recognition (OCR)
·
Near Field Communication (NFC)
By Component
·
Hardware
·
Software
Regional Analysis
Furthermore, the report comprises of the geographical
segmentation which mainly focuses on current and forecast demand for automated
fare collection system in North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa. The report further focuses on demand for
individual application segments in all the regions.
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