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Description:Global Automated Fare Collection Market industry valued approximately USD 6.51 billion in 2016 is anticipated to grow with a healthy growth rate of more than 15.21% over the forecast period 2017-2025. Major factors propelling the growth are civil developments and large-scale development in public infrastructure. Rising number of regional integration between system providers and commute agencies like railways, airports, etc also adds to positive growth.
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The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Technology:
Smart Card
Magnetic Strips
Near Field Communication (NFC)
Optical Character Recognition (OCR)
Component:
Hardware
Software
System:
Ticket Vending Machine
Ticket Office Machine
Fare Gates
IC Cards
Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, the years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025
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Some of the key manufacturers involved in the market are Omron Corp., Atos SE, Thales Group, Fare Logistics, Advance Cards Systems, Cubic Systems, LG Corp., and Samsung SDS. New product launches focus on continuous technology innovations, acquisitions, and effective mergers are some of the strategies adopted by the key manufacturers. The companies are also trying to dominate the market by investing in research and development.
Target Audience of the Automated Fare Collection Market Study
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Some Point from Table of Content:
Chapter 1. Research Methodology
1.1. Research Process
1.1.1. Data Mining
1.1.2. Analysis
1.1.3. Market Estimation
1.1.4. Validation
1.1.5. Publishing
1.2. Research Assumption
Chapter 2. Global Automated Fare Collection Market Definition & Scope
2.1. Objective of The Study
2.2. Market Definition
2.3. Scope of The Study
2.4. Years Considered for The Study
2.5. Currency Conversion Rates
2.6. Report Limitation
Chapter 3. Executive Summary
3.1. Key Trends
3.2. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion/Million)
Read more…
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Website: http://orbisresearch.com/reports/index/global-automated-fare-collection-market-size-study-by-technology-by-component-by-system-and-regional-forecasts-2017-2025
Release ID: 315318