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The primary factors that drive the growth of the overall market include the supportive government initiatives that are engaged in the development of sustainable and smart transportation infrastructure. For instance, the government in UK and the Netherlands have introduced these systems to provide smart card technology for the authorities. Further, the increased use of advanced fare collection technologies such as smartcards and electronic payment systems and the growing usage of smartphones for accessing travel information applications are likely to enhance the overall growth of the market during the forecast period.
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• Market Coverage
• Market number available for – 2022-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Automated Fare COLLECTION System Market by Technology
o Magnetic Strip
o Smart Cards
o Optical Character Recognition (OCR)
o Near Field Communication (NFC)
Global Automated Fare COLLECTION System Market by Application
o Railway & Transport
o Parking
o Entertainment
o Others (Toll Collection on Highways)
Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
o Rest of the World
Company Profiles
o Advanced Card Systems Ltd.
o Advantech Co. Ltd.
o Atos SE
o Cubic Corp.
o Eurotech Group
o GMV Group
o LECIP Holdings Corp.
o Mikroelektronika spol. s r.o.
o NEC Corp.
o Nippon Signal Co. Ltd.
o NXP Semiconductors NV
o Scheidt & Bachmann GmbH
o Smartrac Technology GmbH
o SWARCO AG
o Telexis B.V.,
o Thales Group
o Trapeze Group
o Xerox Corp.
The Report Covers
• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global automated fare collection system market. Based on the availability of data, information related to products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.
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