By | December 3, 2019, 7:40 am
global automated fare collection system market

A new research report titled “Global Automated Fare Collection System market” effectively demonstrates the total situation of the global and an exclusive investigation of the different regional segments. It gives, any place appropriate and important, dedicated information of products, and reveals supportive insight into expected business creation dates and current R&D significance. This report will help the viewer in better understanding and decision making.

About Automated Fare Collection System Market

Automated Fare Collection System Market was valued at $4.81 billion in 2016 and is projected to reach $12.81 billion by 2024, growing at a CAGR of 13.3% from 2017 to 2024.By application type, Bus segment, generated the highest revenue share of $1.28 billion in 2016, growing at a CAGR of 13.6% in the global AFC market. Among major regions, North America AFC market was the highest revenue generating market valued at $1.6 billion in 2016. An automated fare collection system, or AFC system, is a set of components that helps in the automation of ticketing systems of a public transportation network. The AFC system is usually the basis for integrated ticketing. Various technologies such as contactless smart cards and tokens have been seen more frequently in AFC. AFC enhances the efficiency in fare collection, improves the overall transaction rate, and saves an extensive amount of time, thereby minimizing waiting time in queues and searching for cash to buy tickets. In addition, it is the easiest method for revenue collection. AFC offers travelers to carry one card for use on all transit modes. For Example, Delhi Metro Rail has provided smart cards which has efficiently reduced traffic jamming and waiting in queues.

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Market Overview

The Global “Automated Fare Collection System Market” 2018 by Type, Application, Regions, Manufacturers, and Forecast to 2026 contains the vital insights that are related to the global market. The report includes a thorough analysis of the existing Automated Fare Collection System market. The report identifies the market share/size and factors controlling the evolution of the market. Additionally, the Automated Fare Collection System research report studies the market scope, industry segment, key drivers for development, major segments, and SWOT Analysis. Moreover, this complete research report provides value in terms of segmental analysis and estimations on the market across regional levels as well as from a universal perspective.

The research report provides a close watch on leading participants with strategic analysis, micro and macro market trend and developments, pricing analysis and a complete overview of the market situations in the forecast period. The Automated Fare Collection System market 2018 report consists of the latest developments, market shares, and strategies employed by the major market players.

The report represents the statistical data in the form of tables, charts, and info-graphics to assess the market, its growth and development, and market trends of the global Automated Fare Collection System market during the projected period. Esticast research has used a framework of primary and secondary research to make this report a full-proof one.

List of the Key Players of Automated Fare Collection System:

Advanced Card Systems Ltd.
Atos SE
Cubic Transportation Systems
LG CNS
NXP Semiconductors
Omron Corp.
Samsung SDS
Scheidt & Bachmann
Thales Group
LECIP Group

Key players in the market have been associated through secondary research, and their market shares have been decided through primary and secondary research. All percentage shares split, and breakdowns have been determined using primary and secondary sources.

The Automated Fare Collection System Market report provides the company’s market size, share analysis in order to give a broader overview of the key players in the market. Additionally, the report also includes key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, product and regional expansion of major competitors involved in the market on the global and regional basis.

Market segment by Type, the product types can be split into

Product 1
Product 2

Market segment by Application, the product can be split into

Bus
Toll
Train
Car Rental

Automated Fare Collection System Market Report contents include:

  • Analysis of the Automated Fare Collection System market including revenues, future growth, market outlook
  • Historical data and forecast
  • Regional analysis including growth estimates
  • Analyzes the end-user segment markets including growth estimates
  • Profiles on Automated Fare Collection System including products, sales/revenues, and market position
  • Market structure, market drivers and restraints

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The years that were considered for the study of this report are the following:

  • Historical year: 2014-2018
  • Base year: 2018
  • Estimated year: 2019
  • Forecast year: from 2019 to 2026

Reasons for Purchasing Automated Fare Collection System Market Report: –

  • This report provides pin-point evaluation for changing competitive dynamics of Automated Fare Collection System market
  • It supplies a forward-looking viewpoint on various factors driving or restraining keyword market growth
  • It supplies an eight-year forecast assessed based on the way the Automated Fare Collection System market is predicted to increase
  • This will help in knowing the key product segments along with their future
  • It provides pin point evaluation of altering competition dynamics and keeps you ahead of competitors
  • This will help in making informed business decisions by having complete insights of Automated Fare Collection System market and by making an in-depth evaluation of Automated Fare Collection System market segments

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