Global Automated Fare Collection Market - Market Size, Share & Industry Trends, Growth Analysis Report By Product Type, By Consumption and Forecast 2019 - 2025


DescriptionTable of ContentList of TablesList of Figures
Introduction
Automated Fare Collection Market was valued at USD X.X Billion in 2018 and is projected to reach USD X.X billion by 2025, at a CAGR of X.X % from 2019-2025. AFC systems comprise automatic ticket vending machines, card recharge terminals, gate machines, and ticket checking machines. Rising demand for hassle-free and efficient transportation systems is expected to be one of the key factors driving the market.
These systems are rapidly replacing traditional ticketing systems due to their benefits, such as better process management, revenue generation, financial fraud prevention, and superior system planning. 

Geographical Overview
At a global level, North America region was holding the highest market share in 2018. Whereas, Asia Pacific region is considered as the fastest growing region with key players adopting expansion strategy in this region to gain maximum market share in the coming years. China and India are offering ample opportunities for the growth of Automated Fare Collection Market with its high population base. The growing digital payment infrastructure and higher smartphone penetration in the region are anticipated to offer lucrative growth opportunities for key industry players in the upcoming years. 

Segmental Overview
Automated Fare Collection Market is segmented as per below specifications -  

By Product Type: 
• Hardware
• Software

By Consumption: 
• Railways & Transportation
• Parking
• Entertainment

 By Distribution Channel: 
• Smart Card
• Magnetic Stripe


Competitor Analysis
Automated Fare Collection Market has presence of some of the key major players across globe which includes
• Advanced Card Systems Ltd. 
• Cubic Corporation
• Atos SE
• GMV
• Indra Sistemas SA 
• LECIP Holdings Corporation 
• LG CNS, Masabi Ltd.
• Omron Corporation
• Nippon Signal Co., Ltd. 
• NXP Semiconductors N.V. 
• Samsung SDS Co. Ltd.

 These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.  

By Geographical Locations: 
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Italy
o Germany
o Spain
o Russia & CIS
o Rest of Europe
• Asia-Pacific
o China 
o India
o Japan
o South Korea
o ASEAN
o Rest of Asia Pacific 
• Latin America
o Brazil
o Argentina
o Rest of LATAM
• Middle East & Africa
o UAE
o South Africa
o Rest of MEA

Highlights of the report
What is Automated Fare Collection Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation 
Market size projection based on Historical & current market trends 
Market share analysis and key strategies adopted by leading Players
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations