Product Description
Automated Fare Collection System Market 2018-2026 report is a professional study on the current state of the market that focuses on the major drivers, challenges, opportunities for the leading players. The research report also offers a granular analysis of various definitions, and classification of the industry, applications of the industry, regional breakdown, opportunities, challenges, and chain structure.
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. Factors that are driving the growth of the AFC market are the enhanced benefits of AFC. Inclination of the people towards adopting new technologies, and the development of new technologies for AFC such as advanced traffic management system, commercial vehicle operation, AFC enabled retail system, automated transportation pricing system, and advanced public transportation system are driving the AFC market growth.
Market Summary:
The Automated Fare Collection System market is a comprehensive report which offers a meticulous overview of the market share, size, trends, demand, product analysis, application analysis, regional outlook, competitive strategies, forecasts, and strategies impacting the Automated Fare Collection System Industry. The report includes a detailed analysis of the market competitive landscape, with the help of detailed business profiles, SWOT analysis, project feasibility analysis, and several other details about the key companies operating in the market.
The study on the worldwide Automated Fare Collection System market strives to offer substantial and profound insights into the current market scenario and the developing growth dynamics. Moreover, the report also provides the market players along with the new contenders a complete view of the market landscape. The inclusive research will enable the well-established as well as the entry-level players to establish their business strategies and accomplish their short-term and long-term goals.
Scope and Segmentation of the Report
The segment analysis is one of the significant sections of this report. Our expert analyst has categorized the market into product type, application/end-user, and geography. All the segments are analyzed based on their market share, growth rate, and growth potential. In the geographical classification, the report highlights the regional markets having high growth potential. This thorough evaluation of the segments would help the players to focus on revenue-generating areas of the Automated Fare Collection System market.
Based on Type
On the Basis of Component
Hardware
Software
Based on Application
Bus
Toll
Train
Car Rental
Regional Analysis
Our analysts are experts in covering all types of geographical markets from developing to mature ones. You can expect a comprehensive research analysis of key regional and country-level markets such as Europe, North America, South America, Asia-Pacific, and the Middle East & Africa. With accurate statistical patterns and regional classification, our domain experts provide you one of the most detailed and easily understandable regional analyses of the Automated Fare Collection System market.
Competitive Landscape:
The research report also studied the key players operating in the Automated Fare Collection System market. It has evaluated and explained the research & development stages of these companies, their financial performances, and their expansion plans for the coming years. Moreover, the research report also includes the list of planned initiatives that clearly explain the accomplishments of the companies in the recent past.
Company Coverage (Sales Revenue, Price, Gross Margin, Main Products, etc.):
Advanced Card Systems Ltd.
Atos SE
Cubic Transportation Systems
LG CNS
NXP Semiconductors
Omron Corp.
Samsung SDS
Scheidt & Bachmann
Thales Group
LECIP Group
Research Methodology
The research methodology of the market is based on both primary as well as secondary research data sources. It compels different factors affecting the Automated Fare Collection System industry such as historical data and market trends, different policies of the government, market environment, market risk factors, market restraints, technological advancements, forthcoming innovations, and obstacles in the industry.
The content of the study subjects includes a total of 8 chapters:
Chapter 1, describe the Automated Fare Collection System market reports executive summary, market definition, and market scope. Moreover, the report helps in picking up the crucial information about the said market.
Chapter 2, defines the Research Methodology including primary research, assumptions & exclusions, and secondary data sources. The report follows the simultaneous top-down and bottom approach to provide you the accurate market sizing.
Chapter 3, explains the report segmentation & scope, key market trends (drivers, restraints, and opportunities), along with Porters five forces analysis and market share analysis
Chapter 4: It helps in understanding the key product segments and their future of the Automated Fare Collection System Market. It provides strategic recommendations in key business segments based on the market estimations.
Chapters 5, and 6 to segment the sales by type and application/end-user, with sales market share and growth rate by type, application/end-user, from 2018 to 2016. Our team of Analysts and experts dedicatedly put their effort to provide you the best possible and accurate segmentation data and analysis.
Chapter 7, describes the regional segmentation based on the country level for the forecast period 2018 2026. The research report not only provide the market data of the five geographies but also provide the qualitative as well we qualitative information on country level bifurcation.
Chapter 8, to profile the top manufacturers of Automated Fare Collection System, with price, sales, revenue and market share of Automated Fare Collection System in 2016, 2017, and 2018. Players are expected to sign acquisition and collaboration deals to expand their products and services portfolio. Such strategic agreements could help them to improve their client base in other countries and gain a competitive advantage
