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Smart Cards Automated Fare Collection Systems Market: Future Demand, Market Analysis & Outlook to 2024

Global

We have recently published a detailed market research study focused on the “Smart Cards Automated Fare Collection Systems Market” across the global, regional and country level. Smart Cards Automated Fare Collection Systems Market Research Report identifies extensive market insights of the Smart Cards Automated Fare Collection Systems industry, which offers definitions and a diverse range of market structures and characteristics, historic and present market values along with the expected future growth of the Smart Cards Automated Fare Collection Systems market for the forecast period. The study shares “Smart Cards Automated Fare Collection Systems” performance both in terms of volume and revenue.

Smart Cards Automated Fare Collection Systems Market Overview:

Automatic Fare Collection System (AFC) is a contactless smartcard-based end-to-end solution for fare collection and payment. The state-of-the-art solution is uniquely designed with the demand of revenue services for modern transit operation in mind. Furthermore, with the advent of smartcard technology and proliferation of its business applications, AFC also enables transit operators to expand revenue opportunities, exploit the benefits of payment integration with other transit operators as well as non-transit service providers.AFC System consists of Central Computer System, Station Computer System and Station Equipment. Central Computer SystemCentral Computer System is the AFC management center which is responsible for generating reports, receiving ticketing data from station computer, sending control command, downloading system parameter and ticket price list to station computer.Station Computer SystemThe primary role of the Station Computer is to provide the usage data collection, downloading of fare related parameters to the AFC equipment; control, monitoring and management of the AFC equipment. Its secondary role is to provide the station reports (if required) and support the sales office and customer service. It is able to function independently should there be a failure in the communication link with the central computer.Station EquipmentThese are all the front-end equipment/devices, which are used to serve the commuter. These consist of Ticket Vending Machines, Fare Gates, Booking Office Machines, Mobile and Hand-Held Terminals and Ticket Recharging Machines etc. Typically the requirement for each implementation may vary in terms of the quantity of the equipment/devices.Smart CardsSmart Cards generally support faster and more flexible fare collection systems. Contactless or Proximity Smart Cards permit faster processing times than magnetic stripe cards or contact smart cards. They also facilitate processing of differentiated fare structures such as time-based and distance-based fare structures and fare integration across several modes and operators. A hybrid or dual-interface smart card can expand the application of smart cards beyond transit.This report focus on the Station Equipment (terminal equipment) of Smart Cards Automated Fare Collection System.”.

Global Smart Cards Automated Fare Collection Systems Market Segment by Manufacturers, this report covers: –

  • Cubic Corporation,The Nippon Signal,Omron Corporation,Scheidt & Bachmann,Thales Group,INIT,Huaming,Xerox,GFI Genfare,LECIP,Shanghai Potevio Company Limited,Gunnebo,GMV,Huahong Jitong,GRG Banking,

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Scope of Smart Cards Automated Fare Collection Systems Market Report: –

Of the major players of Smart Cards Automated Fare Collection Systems, Cubic Corporation maintained its first place in the ranking in 2017. Cubic Corporation accounted for 21.39% of the Global Smart Cards Automated Fare Collection Systems revenue market share in 2017. Other players accounted for 13.00 % and 12.41 %, including The Nippon Signal and Omron Corporation.On the basis of product type, the Validator segment is projected to account for the largest revenue share during the forecast period; this segment was estimated to account for 83.74 % revenue share in 2017.In the applications, the Off-Board segment was estimated to account for the highest revenue share of 93.51% in 2017 and is expected to gain significant market share by the end of 2025.The worldwide market for Smart Cards Automated Fare Collection Systems is expected to grow at a CAGR of roughly 9.6% over the next five years, will reach 1510 million US$ in 2024, from 870 million US$ in 2019, according to a new GIR (Global Info Research) study.This report focuses on the Smart Cards Automated Fare Collection Systems in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Global Smart Cards Automated Fare Collection Systems Market Segment by Type, covers

  • Farebox
  • Ticket Vending Machines (TVM)
  • Validator

Global Smart Cards Automated Fare Collection Systems Market Segment by Applications, can be divided into

  • Off-Board
  • On-Board

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

Highlights of the Smart Cards Automated Fare Collection Systems market report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

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Key Trends and Analysis of the Smart Cards Automated Fare Collection Systems Market:

  • Chapter 1, to describe Smart Cards Automated Fare Collection Systems Introduction, product scope, market overview, market opportunities, market risk, market driving force;
  • Chapter 2, to analyze the top manufacturers of Smart Cards Automated Fare Collection Systems, with sales, revenue, and price of Smart Cards Automated Fare Collection Systems, in 2016 and 2017;
  • Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
  • Chapter 4, to show the global market by regions, with sales, revenue and market share of Smart Cards Automated Fare Collection Systems, for each region, from 2013 to 2019;
  • Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
  • Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2019;
  • Chapter 12, Smart Cards Automated Fare Collection Systems market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024;
  • Chapter 13, 14 and 15, to describe Smart Cards Automated Fare Collection Systems sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

Global Smart Cards Automated Fare Collection Systems Report helps in comprehension and examination of business data through consistent examination and examination of verifiable business execution to grow definitive bits of knowledge for business planning. Through the application of statistical methods and tools in business performance data, the Smart Cards Automated Fare Collection Systems Market Research Report 2019-2024 performs predictive analysis to derive decision making insights and inputs.

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