Automatic Fare Collection System Market Shows Strong Growth with Leading Players | ., OMRON Corporation, Vix Technology.
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.
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Some of the leading key players profiled in this study:
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.
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Key Pointers Covered in the Automatic Fare Collection System Market Trends and Forecast to 2026
- Automatic Fare Collection System Market New Sales Volumes
- Automatic Fare Collection System Market Replacement Sales Volumes
- Automatic Fare Collection System Market Installed Base
- Automatic Fare Collection System Market By Brands
- Automatic Fare Collection System Market Size
- Automatic Fare Collection System Market Procedure Volumes
- Automatic Fare Collection System Market Product Price Analysis
- Automatic Fare Collection System Market Healthcare Outcomes
- Automatic Fare Collection System Market Cost of Care Analysis
- Automatic Fare Collection System Market Regulatory Framework and Changes
- Automatic Fare Collection System Market Prices and Reimbursement Analysis
- Automatic Fare Collection System Market Shares in Different Regions
- Recent Developments for Automatic Fare Collection System Market Competitors
- Automatic Fare Collection System Market Upcoming Applications
- Automatic Fare Collection System Market Innovators Study
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Scope of the Automatic Fare Collection System Market
- Current and future of Automatic Fare Collection System Market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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
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