Global Automatic Fare Collection System Market By Component (Hardware, Software), Application (Bus, Toll, Car Rental, Train), Technology Platform (Smart Card, NFC, Optical Character Recognition, Magnetic Strip, Barcodes), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Automatic Fare Collection System Market
Automatic fare collection system market is expected to grow at a growth rate of 13.81% in the forecast period of 2020 to 2027. Data Bridge Market Research report on automatic fare collection system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Automatic fare collection system usually consists of a ticket vending machine, automatic gate machine and ticket checking machine. It is an advanced fare collection method in public transport system.
Improvement in the transport infrastructure and security system is expected to enhance the market growth. Some of the other factors such as popularity of contactless open payment, their ability to enhance efficiency & decrease fraud rates, flexible fare plans, rising government initiatives and rising prevalence of smartphones will also accelerate the automatic fare collection system market in the forecast period of 2020 to 2027.
High installation & maintenance cost and risk associated with the technical error are some of the factors which will hamper the market growth in the mentioned forecast period.
This automatic fare collection system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research automatic fare collection system market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automatic Fare Collection System Market Scope and Market Size
Automatic fare collection system market is segmented on the basis of component, application and technology. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the automatic fare collection system market is segmented into hardware and software.
- The application segment of the automatic fare collection system market is divided into toll, bus, car rental and train.
- Based on technology, the automatic fare collection system market is segmented into smart card, NFC, optical character recognition, magnetic strip and barcodes.
Automatic Fare Collection System Market Country Level Analysis
Automatic fare collection system market is analysed and market size, volume information is provided by component, application and technology as referenced above.
The countries covered in the automatic fare collection system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific will dominate the automatic fare collection system market in the forecast period of 2020 to 2027 due to increasing investment in transportation sector and increasing metro development project and advancement in railway infrastructure in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automatic Fare Collection System Market Share Analysis
Automatic fare collection system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automatic fare collection system market.
The major players covered in the automatic fare collection system market report are Thales Group, NIPPON SIGNAL CO.,LTD., OMRON Corporation, Vix Technology, Scheidt & Bachmann GmbH, Indra Sistemas, S.A., GMV INNOVATING SOLUTIONS SL, Siemens, Advanced Card Systems Ltd., NXP Semiconductors, Atos SE, Cubic Corporation, LG CNS, Sony Corporation, Singapore Technologies Engineering Ltd, Masabi Ltd, LECIP HOLDINGS CORPORATION, Trapeze Group among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Automatic Fare Collection System Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.