`
Transparency Market Research Japan, India, and China to Offer Lucrative Opportunities to Global Automated Fare Collection Market
Published Date 2015-11-20
87 Page Report
Buy Now
Request Sample
Report Title
Automated Fare Collection Market - Global Industry Analysis and Forecast 2021 | TMR Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com
Automated Fare Collection
REPORT DESCRIPTION
Global Automated Fare Collection Market According to a new market report published by Transparency Market Research “Automated Fare Collection Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,� the automated fare collection market was valued at US$5.12 bn in 2014, and is expected to reach US$10.87 bn by 2021, at a CAGR of 11.4% from 2015 to 2021. Automated fare collection system is the combination of components which automates the ticketing process in the transportation network. The automated fare collection market has been segmented by technology into smart cards, magnetic strips, NFCs (Near field communication) and OCR (Optical character recognition). The market by component type has been segmented into software and hardware. The automated fare collection market by industrial application has been segmented into bus, toll, car rental, train, e-payment and others. The use of AFC helps in reduction of operational cost and improves the transaction rate of the ticketing system in transportation systems. The AFC system also ensures more efficient collection of fare. Use of latest technology in the automated fare collection system like smartcard, contactless technology and electronic payment is likely to drive the market. Broadly, the automated fare collection market by geography has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). North America led the automated fare collection market whereas Europe is the other major contributor in this market. Asia Pacific is the most attractive region in the automated fare collection market due to increase in focus towards building of infrastructure towards better communication facilities such as mono rail, metro rail and high speed train in countries like China, India and Japan.
The key players operating in the automated fare collection market are Advanced Card Systems Ltd., Atos, Cubic Transportation Systems, Fare Logistics, GMV, LG, NXP Semiconductors, Omron Corporation, and Samsung SDS among others. Get FREE Sample PDF file of Automated Fare Collection Market : http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=7784 About Us
Transparency Market Research
2
Automated Fare Collection
Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Website: http://www.transparencymarketresearch.com/
Transparency Market Research
3