Automated Fare Collection Market
Research Report (2020-2025) Provides In-Depth Analysis by Scope, Growth Rate,
Driving Factors, Competitive Situation, Top Manufacturers and Upcoming Trends. Automated
Fare Collection Market report split global into several key Regions which
mainly includes Market Overview, Table of Content, List of Figures and
Applications. Automated Fare Collection Market Growing at Higher CAGR Rate of
XX% between (2020-2025).
Summery:-
The global Automated Fare
Collection (AFC) Market is expected to display higher growth rate over the next
seven years. Rapid surge in the automated fare collection industry is credited
to the growing need for hassle free and efficient transportation systems. An
automated fare collection (AFC) system comprises of several components, which
are used to perform automated ticket collection. The automated fare ticketing
system is majorly utilized for public transportation network that is also
termed as an automated version of manual fare collection. The automated fare
collection (AFC) systems are based on integrated ticketing phenomenon.
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The key driving factors responsible for the growth of Automated Fare
Collection market :
Globally, automated fare
collection market is predicted to generate massive revenue over next seven
years, providing numerous opportunities for market players to invest for
research and development in the AFC market. Automated fare collections systems
are increasingly used for local public transport, railways, taxi services and
rental cars. Other applications of automated fare collection include vehicle
charging station and airports. Strong economic growth and increasing
infrastructure investment, particularly in the Asia Pacific region is expected
to fuel market growth over the forecast period. In addition, implementation of
several infrastructure development project in the public sector and civil
developments in the developing economies across the globe is expected to offer
lucrative growth opportunities for industry participants in the upcoming years.
Rise in research &
development activities coupled with vertical integration among system providers
and transit agencies are anticipated to pave a way for market growth in the
near future. Substantial increase in number of transit agencies such as
airports, railways and parking are fostering market growth of automated fare
collection over the coming years.
Furthermore, declined cost and
cheaper operation rates is estimated to stimulate the growth of automated fare
collection (AFC) industry over the forecast period. Familiarity with new
technology such as smart card, contactless technology and electronic payment is
predicted to positively affect market performance across the globe.
Automated fare collection (AFC)
market is broadly categorized into four major segments based on the system
technology type such as ticket vending machine, ticket office machine, fare
gates and IC cards. The ticket vending machine segment is growing rapidly in
the automated fare collection industry with substantial revenue generation in
the last few years.
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Table of Contents:-
• Automated Fare Collection Market
Overview
• Automated
Fare Collection Market Competition by Manufacturers
• Automated Fare Collection Market
Production, Revenue (Value) by Region (2014-2025)
• Automated Fare Collection Market
Supply (Production), Consumption, Export, Import by Regions (2014-2025)
• Automated Fare Collection Market
Production, Revenue (Value), Price Trend by Type
• Automated Fare Collection Market
Analysis by Application
• Automated Fare Collection Market
Manufacturers Profiles/Analysis
• Automated
Fare Collection Market Manufacturing Cost Analysis
• Automated Fare Collection Market
Industrial Chain, Sourcing Strategy and Downstream Buyers
• Automated Fare Collection Market
Marketing Strategy Analysis, Distributors/Traders
• Automated Fare Collection Market
Effect Factors Analysis
• Automated Fare Collection Market
Research Findings and Conclusion
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