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Market Snapshot

CAGR:7.73

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	7.73

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Report Overview

Automated Fare Collection (AFC) Market Analysis Report 2023-2032:

The Automated Fare Collection (AFC) Market size is projected to experience a robust CAGR of 6.75% between 2022 and 2032, with a forecasted market size increase of USD 12,465.79 million. Several factors will contribute to this growth, including the increasing adoption of smart transportation systems, the need for efficient fare collection methods, and the growing urbanization trends worldwide. AFC systems are integral to modern public transportation, enabling seamless payment processing for various modes of transit, such as buses, trains, subways, and trams.

Automated Fare Collection (AFC) Market Overview:

Drivers:

One of the primary drivers propelling the growth of the AFC market is the rising demand for efficient fare collection methods in urban areas. As cities continue to expand, public transportation becomes more crucial, and ensuring a convenient and secure fare collection process becomes paramount. AFC systems offer contactless payment options, reducing queues, fraud, and the use of cash, making them a preferred choice for both transportation authorities and passengers.

Additionally, the integration of NFC (Near Field Communication) technology and mobile payment platforms into AFC systems has further enhanced their appeal. This technology allows passengers to use their smartphones or contactless cards to pay fares, promoting ease of use and convenience.

Trends:

An important trend shaping the AFC market is the incorporation of data analytics and artificial intelligence (AI) into fare collection systems. AI-powered AFC systems can analyze passenger data, travel patterns, and payment trends to optimize transit operations. Predictive analytics can assist transportation authorities in better planning routes, schedules, and pricing strategies.

Moreover, the increased adoption of smartcards and mobile apps for fare payment is driving innovation in AFC systems. These technologies offer passengers a seamless and interconnected travel experience across multiple modes of transport, promoting the concept of Mobility-as-a-Service (MaaS).

Restraints:

One of the challenges hindering the AFC market's growth is the initial capital investment required for implementing these systems. Installing AFC infrastructure, such as ticketing machines, card readers, and backend software, can be costly for transportation authorities. Overcoming these financial barriers and securing the necessary funding can pose difficulties, especially for cash-strapped public transit agencies.

Additionally, the interoperability of AFC systems across different transportation networks and regions remains a challenge. Achieving seamless travel experiences for passengers who use various modes of transport operated by different agencies often requires standardized AFC solutions, which can be complex to implement.

AFC Market Segmentation By Application:

The AFC market is expected to witness significant growth in the application segment related to buses and mass transit systems. AFC systems are critical for buses and mass transit, as they handle large volumes of passengers daily. These systems streamline the boarding process, reduce fare evasion, and enhance operational efficiency for public transportation agencies.

Moreover, AFC systems in buses are increasingly adopting contactless payment methods, including smartcards and mobile apps, making it convenient for passengers to pay fares while on the move. As urban populations continue to grow, the demand for efficient bus and mass transit AFC solutions is expected to rise, driving market growth in this segment.

AFC Market Segmentation By Type:

The contactless smart card segment is poised for significant growth within the AFC market. Contactless smart cards offer passengers a secure and convenient way to pay for fares without the need for physical cash or paper tickets. These cards can be easily topped up and used across various modes of transportation, making them a preferred choice for passengers.

Furthermore, advancements in contactless technology, such as NFC-enabled cards, enable seamless and fast transactions. The adoption of contactless smart cards is expected to surge as more cities and transportation authorities seek to modernize their fare collection systems.

Regional Overview:

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North America is anticipated to be a key contributor to the global AFC market's growth, accounting for 30% of the market share during the forecast period. The region's robust growth can be attributed to the increasing investment in smart transportation infrastructure, particularly in major cities like New York, Chicago, and Los Angeles.

Additionally, North American cities are embracing the concept of integrated fare payment systems that allow passengers to use a single payment method for multiple modes of transit, including buses, subways, and commuter trains. This trend is expected to drive the demand for advanced AFC solutions in the region.

In 2020, the COVID-19 pandemic had a temporary dampening effect on the AFC market as travel restrictions and lockdowns reduced passenger volumes. However, as vaccination efforts allowed for the reopening of transportation networks, the AFC market experienced a rebound as transit authorities prioritized contactless payment options to ensure passenger safety.

AFC Market Customer Landscape:

The AFC market report includes a comprehensive analysis of the customer landscape, encompassing the entire adoption lifecycle from innovators to laggards. It focuses on adoption rates across different regions and identifies key purchase criteria and price sensitivity drivers. This information helps companies tailor their growth strategies to meet customer needs.

Major AFC Market Companies:

Companies in the AFC market are implementing diverse strategies to enhance their market presence. These strategies include strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and the launch of innovative products/services. Some key players in the AFC market include:

Thales Group
Cubic Corporation
NXP Semiconductors
Scheidt & Bachmann GmbH
INIT GmbH
Toshiba Corporation
Samsung SDS
LG CNS
FareGo
GFI Genfare
Indra Sistemas S.A.
Huawei Technologies Co., Ltd.
Siemens AG
Xerox Corporation

The competitive landscape analysis provides insights into the strengths and weaknesses of key market players, helping clients understand the broader business environment.

Segment Overview:

The AFC market report offers revenue forecasts at the global, regional, and country levels. It also provides an analysis of trends and growth opportunities from 2019 to 2032, with segmentation as follows:

Application Outlook (USD Million, 2019 - 2032):

Buses and Mass Transit Systems
Rail and Metro Systems
Ferries and Water Transport
Parking Management
Others

Type Outlook (USD Million, 2019 - 2032):

Contactless Smart Cards
QR Code/Barcode
Near Field Communication (NFC)
Magnetic Stripe Cards
Biometrics

Geography Outlook (USD Million, 2019 - 2032):

North America

The U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
India

South America

Brazil
Argentina
Chile

Middle East & Africa

Saudi Arabia
South Africa
Rest of the Middle East & Africa

Table of Contents

Global Automated Fare Collection System Market Professional Survey Report 2019
1 Report Overview
1.1 Definition and Specification
1.2 Manufacturers and Region Overview
1.2.1 Manufacturers Overview
1.2.2 Regions Overview
1.3 Type Overview
1.3.1 Smart Card
1.3.2 Magnetic Strip
1.3.3 Optical Character Recognition (OCR)
1.3.4 Near Field Communication (NFC)
1.4 Application Overview
1.4.1 Hardware
1.4.2 Software
1.5 Industrial Chain
1.5.1 Automated Fare Collection System Industrial Chain
1.5.2 Upstream
1.5.3 Downstream
2.1 The Overall Market Performance(Volume)
2.1.1 Smart Card
2.1.2 Magnetic Strip
2.1.3 Optical Character Recognition (OCR)
2.1.4 Near Field Communication (NFC)
2.2 The Overall Market Performance(Value)
2.2.1 Smart Card
2.2.2 Magnetic Strip
2.2.3 Optical Character Recognition (OCR)
2.2.4 Near Field Communication (NFC)
3 Global Automated Fare Collection System Market Assessment by Application
3.1 Overall Market Performance (Volume)
3.2 Hardware
3.3 Software
4 Competitive Analysis
4.1 Advanced Card Systems
4.1.1 Advanced Card Systems Profiles
4.1.2 Advanced Card Systems Product Information
4.1.3 Advanced Card Systems Automated Fare Collection System Business Performance
4.1.4 SWOT Analysis
4.2 Atos SE
4.2.1 Atos SE Profiles
4.2.2 Atos SE Product Information
4.2.3 Atos SE Automated Fare Collection System Business Performance
4.2.4 SWOT Analysis
4.3 Cubic Transportation Systems
4.3.1 Cubic Transportation Systems Profiles
4.3.2 Cubic Transportation Systems Product Information
4.3.3 Cubic Transportation Systems Automated Fare Collection System Business Performance
4.3.4 SWOT Analysis
4.4 NXP Semiconductors
4.4.1 NXP Semiconductors Profiles
4.4.2 NXP Semiconductors Product Information
4.4.3 NXP Semiconductors Automated Fare Collection System Business Performance
4.4.4 SWOT Analysis
4.5 Omron Corporation
4.5.1 Omron Corporation Profiles
4.5.2 Omron Corporation Product Information
4.5.3 Omron Corporation Automated Fare Collection System Business Performance
4.5.4 SWOT Analysis
4.6 Scheidt & Bachmann
4.6.1 Scheidt & Bachmann Profiles
4.6.2 Scheidt & Bachmann Product Information
4.6.3 Scheidt & Bachmann Automated Fare Collection System Business Performance
4.6.4 SWOT Analysis
4.7 ST Electronics
4.7.1 ST Electronics Profiles
4.7.2 ST Electronics Product Information
4.7.3 ST Electronics Automated Fare Collection System Business Performance
4.7.4 SWOT Analysis
4.8 Thales Group
4.8.1 Thales Group Profiles
4.8.2 Thales Group Product Information
4.8.3 Thales Group Automated Fare Collection System Business Performance
4.8.4 SWOT Analysis
4.9 Trapeze Group
4.9.1 Trapeze Group Profiles
4.9.2 Trapeze Group Product Information
4.9.3 Trapeze Group Automated Fare Collection System Business Performance
4.9.4 SWOT Analysis
4.10 Vix Technology
4.10.1 Vix Technology Profiles
4.10.2 Vix Technology Product Information
4.10.3 Vix Technology Automated Fare Collection System Business Performance
4.10.4 SWOT Analysis
5 Competitive Lanscape
5.1 Global Automated Fare Collection System Capacity (K Units) and Market Share of Manufacturers (2014-2020)
5.2 Global Automated Fare Collection System Sales (K Units) and Market Share of Manufacturers (2014-2020)
5.3 Global Automated Fare Collection System Revenue (M USD) and Market Share of Manufacturers (2014-2020)
5.4 Global Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
5.5 Global Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
5.6 Market Concentration
6 Regional Market Analysis
6.1 China Market Performance for Manufacturers
6.1.1 China Automated Fare Collection System Sales (K Units) and Market Share of Manufacturers (2014-2020)
6.1.2 China Automated Fare Collection System Revenue (M USD) and Market Share of Manufacturers (2014-2020)
6.1.3 China Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
6.1.4 China Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
6.1.5 Market Concentration
6.2 USA Market Performance for Manufacturers
6.2.1 USA Automated Fare Collection System Sales (K Units) and Market Share of Manufacturers (2014-2020)
6.2.2 USA Automated Fare Collection System Revenue (M USD) and Market Share of Manufacturers (2014-2020)
6.2.3 USA Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
6.2.4 USA Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
6.2.5 Market Concentration
6.3 Europe Market Performance for Manufacturers
6.3.1 Europe Automated Fare Collection System Sales (K Units) and Market Share of Manufacturers (2014-2020)
6.3.2 Europe Automated Fare Collection System Revenue (M USD) and Market Share of Manufacturers (2014-2020)
6.3.3 Europe Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
6.3.4 Europe Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
6.3.5 Market Concentration
6.4 Japan Market Performance for Manufacturers
6.4.1 Japan Automated Fare Collection System Sales (K Units) and Market Share of Manufacturers (2014-2020)
6.4.2 Japan Automated Fare Collection System Revenue (M USD) and Market Share of Manufacturers (2014-2020)
6.4.3 Japan Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
6.4.4 Japan Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
6.4.5 Market Concentration
6.5 Korea Market Performance for Manufacturers
6.5.1 Korea Automated Fare Collection System Sales (K Units) and Market Share of Manufacturers (2014-2020)
6.5.2 Korea Automated Fare Collection System Revenue (M USD) and Market Share of Manufacturers (2014-2020)
6.5.3 Korea Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
6.5.4 Korea Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
6.5.5 Market Concentration
6.6 India Market Performance for Manufacturers
6.6.1 India Automated Fare Collection System Sales (K Units) and Market Share of Manufacturers (2014-2020)
6.6.2 India Automated Fare Collection System Revenue (M USD) and Market Share of Manufacturers (2014-2020)
6.6.3 India Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
6.6.4 India Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
6.6.5 Market Concentration
6.7 Southeast Asia Market Performance for Manufacturers
6.7.1 Southeast Asia Automated Fare Collection System Sales (K Units) and Market Share of Manufacturers (2014-2020)
6.7.2 Southeast Asia Automated Fare Collection System Revenue (M USD) and Market Share of Manufacturers (2014-2020)
6.7.3 Southeast Asia Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
6.7.4 Southeast Asia Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
6.7.5 Market Concentration
6.8 South America Market Performance for Manufacturers
6.8.1 South America Automated Fare Collection System Sales (K Units) and Market Share of Manufacturers (2014-2020)
6.8.2 South America Automated Fare Collection System Revenue (M USD) and Market Share of Manufacturers (2014-2020)
6.8.3 South America Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
6.8.4 South America Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
6.8.5 Market Concentration
7 Global Automated Fare Collection System Market Assessment by Regions
7.1 Global Automated Fare Collection System Capacity (K Units) and Market Share by Regions (2014-2020)
7.2 Global Automated Fare Collection System Sales (K Units) and Market Share by Regions (2014-2020)
7.3 Global Automated Fare Collection System Revenue (M USD) and Market Share by Regions (2014-2020)
7.4 Global Automated Fare Collection System Price (USD/Unit) by Regions (2014-2020)
7.5 Global Automated Fare Collection System Gross Margin by Regions (2014-2020)
8 Capacity Analysis of Different Regions
8.1 Global Automated Fare Collection System Capacity and Growth Rate (2014-2020)
8.2 China Automated Fare Collection System Capacity and Growth Rate (2014-2020)
8.3 USA Automated Fare Collection System Capacity and Growth Rate (2014-2020)
8.4 Europe Automated Fare Collection System Capacity and Growth Rate (2014-2020)
8.5 Japan Automated Fare Collection System Capacity and Growth Rate (2014-2020)
8.6 Korea Automated Fare Collection System Capacity and Growth Rate (2014-2020)
8.7 India Automated Fare Collection System Capacity and Growth Rate (2014-2020)
8.8 Southeast Asia Automated Fare Collection System Capacity and Growth Rate (2014-2020)
8.9 South America Automated Fare Collection System Capacity and Growth Rate (2014-2020)
9 Technology and Cost Analysis
9.1 Technology
9.2 Cost
10 Channel Analysis
10.1 Market Channel
10.2 Manufacturing Plants Distribution of Global Automated Fare Collection System Major Manufacturers
11 Global Automated Fare Collection System Market Forecast by Regions
11.1 Global Automated Fare Collection System Market Forecast (2021-2026)
11.1.1 Global Automated Fare Collection System Capacity Forecast by Regions (2021-2026)
11.1.2 Global Automated Fare Collection System Sales Forecast by Regions (2021-2026)
11.1.2 Global Automated Fare Collection System Revenue Forecast by Regions (2021-2026)
11.2 China Automated Fare Collection System Market Forecast (2021-2026)
11.3 USA Automated Fare Collection System Market Forecast (2021-2026)
11.4 Europe Automated Fare Collection System Market Forecast (2021-2026)
11.5 Japan Automated Fare Collection System Market Forecast (2021-2026)
11.6 Korea Automated Fare Collection System Market Forecast (2021-2026)
11.7 India Automated Fare Collection System Market Forecast (2021-2026)
11.8 Southeast Asia Automated Fare Collection System Market Forecast (2021-2026)
11.9 South America Automated Fare Collection System Market Forecast (2021-2026)
12 Global Automated Fare Collection System Market Forecast by Types (2021-2026)
12.1 Overall Market Performance (Sales, Revenue)
12.2 Smart Card
12.3 Magnetic Strip
12.4 Optical Character Recognition (OCR)
12.5 Near Field Communication (NFC)
13 Global Automated Fare Collection System Market Forecast by Application (2021-2026)
13.1 Overall Market Performance (Sales and Growth Rate)
13.2 Hardware
13.3 Software
14 Global Price (USD/Unit) and Gross Profit Forecast
14.1 Global Automated Fare Collection System Average Price Forecast (2021-2026)
14.2 Global Automated Fare Collection System Gross Profit Forecast (2021-2026)
15 Conclusion

List of Tables and Figures

Figure Product Picture of Automated Fare Collection System
Table Manufacturers List in the Report
Table Manufacturers Capacity Market Share (%) (2018-2019)
Table Manufacturers Sales Market Share (%) (2018-2019)
Table Sales Market Share (%) by Regions in (2018-2019)
Table Sales Market Share (%) by Type in (2018-2019)
Figure Smart Card Product Picture
Table Major Manufacturers of Smart Card
Figure Magnetic Strip Product Picture
Table Major Manufacturers of Magnetic Strip
Figure Optical Character Recognition (OCR) Product Picture
Table Major Manufacturers of Optical Character Recognition (OCR)
Figure Near Field Communication (NFC) Product Picture
Table Major Manufacturers of Near Field Communication (NFC)
Table Sales Market Share (%) by Application in (2018-2019)
Figure Hardware Examples
Key Downstream Customer in Hardware
Figure Software Examples
Key Downstream Customer in Software
Figure Industry Chain Structure of Automated Fare Collection System
Table Key Suppliers of Raw Material/Components
Figure Representative Downstream Enterprises of Automated Fare Collection System
Table Global Automated Fare Collection System Sales (K Units) by Type (2014-2020)
Figure Global Automated Fare Collection System Sales Market Share (%) Comparison by Type in 2014 and 2020
Table Sales (K Units) and Growth Rate (2014-2020)
Figure Sales (K Units) and Growth Rate (2014-2020)
Table Sales (K Units) and Growth Rate (2014-2020)
Figure Sales (K Units) and Growth Rate (2014-2020)
Table Sales (K Units) and Growth Rate (2014-2020)
Figure Sales (K Units) and Growth Rate (2014-2020)
Table Sales (K Units) and Growth Rate (2014-2020)
Figure Sales (K Units) and Growth Rate (2014-2020)
Table Global Automated Fare Collection System Revenue (M USD) by Type (2014-2020)
Figure Global Automated Fare Collection System Revenue Market Share (%) Comparison by Type in 2014 and 2020
Table Revenue (M USD) and Growth Rate (2014-2020)
Figure Revenue (M USD) and Growth Rate (2014-2020)
Table Revenue (M USD) and Growth Rate (2014-2020)
Figure Revenue (M USD) and Growth Rate (2014-2020)
Table Revenue (M USD) and Growth Rate (2014-2020)
Figure Revenue (M USD) and Growth Rate (2014-2020)
Table Revenue (M USD) and Growth Rate (2014-2020)
Figure Revenue (M USD) and Growth Rate (2014-2020)
Table Global Automated Fare Collection System Sales (K Units) by Application (2014-2020)
Figure Global Automated Fare Collection System Sales Market Share (%) Comparison by Application in 2014 and 2020
Table Sales (K Units) and Growth Rate (2014-2020)
Figure Sales (K Units) and Growth Rate (2014-2020)
Table Sales (K Units) and Growth Rate (2014-2020)
Figure Sales (K Units) and Growth Rate (2014-2020)
Table Advanced Card Systems Profiles
Table Advanced Card Systems Product Information
Table Advanced Card Systems Automated Fare Collection System Sales (K Units), Revenue (M USD), Price (USD/Unit), Cost (USD/Unit) and Gross Profit (2014-2020)
Table SWOT Analysis
Table Atos SE Profiles
Table Atos SE Product Information
Table Atos SE Automated Fare Collection System Sales (K Units), Revenue (M USD), Price (USD/Unit), Cost (USD/Unit) and Gross Profit (2014-2020)
Table SWOT Analysis
Table Cubic Transportation Systems Profiles
Table Cubic Transportation Systems Product Information
Table Cubic Transportation Systems Automated Fare Collection System Sales (K Units), Revenue (M USD), Price (USD/Unit), Cost (USD/Unit) and Gross Profit (2014-2020)
Table SWOT Analysis
Table NXP Semiconductors Profiles
Table NXP Semiconductors Product Information
Table NXP Semiconductors Automated Fare Collection System Sales (K Units), Revenue (M USD), Price (USD/Unit), Cost (USD/Unit) and Gross Profit (2014-2020)
Table SWOT Analysis
Table Omron Corporation Profiles
Table Omron Corporation Product Information
Table Omron Corporation Automated Fare Collection System Sales (K Units), Revenue (M USD), Price (USD/Unit), Cost (USD/Unit) and Gross Profit (2014-2020)
Table SWOT Analysis
Table Scheidt & Bachmann Profiles
Table Scheidt & Bachmann Product Information
Table Scheidt & Bachmann Automated Fare Collection System Sales (K Units), Revenue (M USD), Price (USD/Unit), Cost (USD/Unit) and Gross Profit (2014-2020)
Table SWOT Analysis
Table ST Electronics Profiles
Table ST Electronics Product Information
Table ST Electronics Automated Fare Collection System Sales (K Units), Revenue (M USD), Price (USD/Unit), Cost (USD/Unit) and Gross Profit (2014-2020)
Table SWOT Analysis
Table Thales Group Profiles
Table Thales Group Product Information
Table Thales Group Automated Fare Collection System Sales (K Units), Revenue (M USD), Price (USD/Unit), Cost (USD/Unit) and Gross Profit (2014-2020)
Table SWOT Analysis
Table Trapeze Group Profiles
Table Trapeze Group Product Information
Table Trapeze Group Automated Fare Collection System Sales (K Units), Revenue (M USD), Price (USD/Unit), Cost (USD/Unit) and Gross Profit (2014-2020)
Table SWOT Analysis
Table Vix Technology Profiles
Table Vix Technology Product Information
Table Vix Technology Automated Fare Collection System Sales (K Units), Revenue (M USD), Price (USD/Unit), Cost (USD/Unit) and Gross Profit (2014-2020)
Table SWOT Analysis
Table Global Automated Fare Collection System Capacity (K Units) of Manufacturers (2014-2020)
Table Global Automated Fare Collection System Capacity Market Share (%) of Manufacturers (2014-2020)
Figure Global Automated Fare Collection System Capacity Market Share (%) Comparison of Manufacturers (2014-2020)
Table Global Automated Fare Collection System Sales (K Units) of Manufacturers (2014-2020)
Table Global Automated Fare Collection System Sales Market Share (%) of Manufacturers (2014-2020)
Figure Global Automated Fare Collection System Sales Market Share (%) Comparison of Manufacturers in 2014 and 2020
Table Global Automated Fare Collection System Revenue (M USD) of Manufacturers (2014-2020)
Table Global Automated Fare Collection System Revenue Market Share (%) of Manufacturers (2014-2020)
Figure Global Automated Fare Collection System Market Share (%) Comparison of Manufacturers in 2014 and 2020
Table Global Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
Figure Global Automated Fare Collection System Price (USD/Unit) Comparison of Manufacturers in 2014 and 2020
Table Global Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
Figure Global Automated Fare Collection System Gross Margin Comparison of Manufacturers in 2014 and 2020
Table Top 5 Manufacturers Sales Market Share (%) (2014-2020)
Table China Automated Fare Collection System Sales (K Units) of Manufacturers (2014-2020)
Figure China Automated Fare Collection System Sales (K Units) and Growth Rate (2014-2020)
Figure China Automated Fare Collection System Sales Market Share (%) of Manufacturers (2014-2020)
Figure China Automated Fare Collection System Sales Market Share (%) Comparison of Manufacturers in 2014 and 2020
Table China Automated Fare Collection System Revenue (M USD) of Manufacturers (2014-2020)
Table China Automated Fare Collection System Revenue Market Share (%) of Manufacturers (2014-2020)
Figure China Automated Fare Collection System Revenue Market Share (%) Comparison in 2014 and 2020
Table China Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
Figure China Automated Fare Collection System Price (USD/Unit) Comparison of Manufacturers in 2014 and 2020
Table China Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
Figure China Automated Fare Collection System Gross Margin Comparison of Manufacturers in 2014 and 2020
Table Top 5 Manufacturers Sales Market Share (%) (2017-2019)
Table USA Automated Fare Collection System Sales (K Units) of Manufacturers (2014-2020)
Figure USA Automated Fare Collection System Sales (K Units) and Growth Rate (2014-2020)
Figure USA Automated Fare Collection System Sales Market Share (%) of Manufacturers (2014-2020)
Figure USA Automated Fare Collection System Sales Market Share (%) Comparison of Manufacturers in 2014 and 2020
Table USA Automated Fare Collection System Revenue (M USD) of Manufacturers (2014-2020)
Table USA Automated Fare Collection System Revenue Market Share (%) of Manufacturers (2014-2020)
Figure USA Automated Fare Collection System Revenue Market Share (%) Comparison in 2014 and 2020
Table USA Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
Figure USA Automated Fare Collection System Price (USD/Unit) Comparison of Manufacturers in 2014 and 2020
Table USA Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
Figure USA Automated Fare Collection System Gross Margin Comparison of Manufacturers in 2014 and 2020
Table Top 5 Manufacturers Sales Market Share (%) (2017-2019)
Table Europe Automated Fare Collection System Sales (K Units) of Manufacturers (2014-2020)
Figure Europe Automated Fare Collection System Sales (K Units) and Growth Rate (2014-2020)
Figure Europe Automated Fare Collection System Sales Market Share (%) of Manufacturers (2014-2020)
Figure Europe Automated Fare Collection System Sales Market Share (%) Comparison of Manufacturers in 2014 and 2020
Table Europe Automated Fare Collection System Revenue (M USD) of Manufacturers (2014-2020)
Table Europe Automated Fare Collection System Revenue Market Share (%) of Manufacturers (2014-2020)
Figure Europe Automated Fare Collection System Revenue Market Share (%) Comparison in 2014 and 2020
Table Europe Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
Figure Europe Automated Fare Collection System Price (USD/Unit) Comparison of Manufacturers in 2014 and 2020
Table Europe Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
Figure Europe Automated Fare Collection System Gross Margin Comparison of Manufacturers in 2014 and 2020
Table Top 5 Manufacturers Sales Market Share (%) (2017-2019)
Table Japan Automated Fare Collection System Sales (K Units) of Manufacturers (2014-2020)
Figure Japan Automated Fare Collection System Sales (K Units) and Growth Rate (2014-2020)
Figure Japan Automated Fare Collection System Sales Market Share (%) of Manufacturers (2014-2020)
Figure Japan Automated Fare Collection System Sales Market Share (%) Comparison of Manufacturers in 2014 and 2020
Table Japan Automated Fare Collection System Revenue (M USD) of Manufacturers (2014-2020)
Table Japan Automated Fare Collection System Revenue Market Share (%) of Manufacturers (2014-2020)
Figure Japan Automated Fare Collection System Revenue Market Share (%) Comparison in 2014 and 2020
Table Japan Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
Figure Japan Automated Fare Collection System Price (USD/Unit) Comparison of Manufacturers in 2014 and 2020
Table Japan Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
Figure Japan Automated Fare Collection System Gross Margin Comparison of Manufacturers in 2014 and 2020
Table Top 5 Manufacturers Sales Market Share (%) (2017-2019)
Table Korea Automated Fare Collection System Sales (K Units) of Manufacturers (2014-2020)
Figure Korea Automated Fare Collection System Sales (K Units) and Growth Rate (2014-2020)
Figure Korea Automated Fare Collection System Sales Market Share (%) of Manufacturers (2014-2020)
Figure Korea Automated Fare Collection System Sales Market Share (%) Comparison of Manufacturers in 2014 and 2020
Table Korea Automated Fare Collection System Revenue (M USD) of Manufacturers (2014-2020)
Table Korea Automated Fare Collection System Revenue Market Share (%) of Manufacturers (2014-2020)
Figure Korea Automated Fare Collection System Revenue Market Share (%) Comparison in 2014 and 2020
Table Korea Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
Figure Korea Automated Fare Collection System Price (USD/Unit) Comparison of Manufacturers in 2014 and 2020
Table Korea Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
Figure Korea Automated Fare Collection System Gross Margin Comparison of Manufacturers in 2014 and 2020
Table Top 5 Manufacturers Sales Market Share (%) (2017-2019)
Table India Automated Fare Collection System Sales (K Units) of Manufacturers (2014-2020)
Figure India Automated Fare Collection System Sales (K Units) and Growth Rate (2014-2020)
Figure India Automated Fare Collection System Sales Market Share (%) of Manufacturers (2014-2020)
Figure India Automated Fare Collection System Sales Market Share (%) Comparison of Manufacturers in 2014 and 2020
Table India Automated Fare Collection System Revenue (M USD) of Manufacturers (2014-2020)
Table India Automated Fare Collection System Revenue Market Share (%) of Manufacturers (2014-2020)
Figure India Automated Fare Collection System Revenue Market Share (%) Comparison in 2014 and 2020
Table India Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
Figure India Automated Fare Collection System Price (USD/Unit) Comparison of Manufacturers in 2014 and 2020
Table India Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
Figure India Automated Fare Collection System Gross Margin Comparison of Manufacturers in 2014 and 2020
Table Top 5 Manufacturers Sales Market Share (%) (2017-2019)
Table Southeast Asia Automated Fare Collection System Sales (K Units) of Manufacturers (2014-2020)
Figure Southeast Asia Automated Fare Collection System Sales (K Units) and Growth Rate (2014-2020)
Figure Southeast Asia Automated Fare Collection System Sales Market Share (%) of Manufacturers (2014-2020)
Figure Southeast Asia Automated Fare Collection System Sales Market Share (%) Comparison of Manufacturers in 2014 and 2020
Table Southeast Asia Automated Fare Collection System Revenue (M USD) of Manufacturers (2014-2020)
Table Southeast Asia Automated Fare Collection System Revenue Market Share (%) of Manufacturers (2014-2020)
Figure Southeast Asia Automated Fare Collection System Revenue Market Share (%) Comparison in 2014 and 2020
Table Southeast Asia Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
Figure Southeast Asia Automated Fare Collection System Price (USD/Unit) Comparison of Manufacturers in 2014 and 2020
Table Southeast Asia Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
Figure Southeast Asia Automated Fare Collection System Gross Margin Comparison of Manufacturers in 2014 and 2020
Table Top 5 Manufacturers Sales Market Share (%) (2017-2019)
Table South America Automated Fare Collection System Sales (K Units) of Manufacturers (2014-2020)
Figure South America Automated Fare Collection System Sales (K Units) and Growth Rate (2014-2020)
Figure South America Automated Fare Collection System Sales Market Share (%) of Manufacturers (2014-2020)
Figure South America Automated Fare Collection System Sales Market Share (%) Comparison of Manufacturers in 2014 and 2020
Table South America Automated Fare Collection System Revenue (M USD) of Manufacturers (2014-2020)
Table South America Automated Fare Collection System Revenue Market Share (%) of Manufacturers (2014-2020)
Figure South America Automated Fare Collection System Revenue Market Share (%) Comparison in 2014 and 2020
Table South America Automated Fare Collection System Price (USD/Unit) of Manufacturers (2014-2020)
Figure South America Automated Fare Collection System Price (USD/Unit) Comparison of Manufacturers in 2014 and 2020
Table South America Automated Fare Collection System Gross Margin of Manufacturers (2014-2020)
Figure South America Automated Fare Collection System Gross Margin Comparison of Manufacturers in 2014 and 2020
Table Top 5 Manufacturers Sales Market Share (%) (2017-2019)
Table Global Automated Fare Collection System Capacity (K Units) by Regions (2014-2020)
Table Global Automated Fare Collection System Capacity Market Share (%) by Regions (2014-2020)
Figure Global Automated Fare Collection System Capacity Market Share (%) by Regions 2019
Table Global Automated Fare Collection System Sales (K Units) by Regions (2014-2020)
Table Global Automated Fare Collection System Sales Market Share (%) by Regions (2014-2020)
Figure Global Automated Fare Collection System Sales Market Share (%) Comparison by Regions in 2014 and 2020
Table Global Automated Fare Collection System Revenue (M USD) by Regions (2014-2020)
Table Global Automated Fare Collection System Revenue Market Share (%) by Regions (2014-2020)
Figure Global Automated Fare Collection System Revenue Market Share (%) Comparison by Regions in 2014 and 2020
Table Global Automated Fare Collection System Price (USD/Unit) by Regions (2014-2020)
Figure Global Automated Fare Collection System Price (USD/Unit) Comparison by Regions in 2014 and 2020
Table Global Automated Fare Collection System Gross Margin by Regions (2014-2020)
Figure Global Automated Fare Collection System Gross Margin Comparison by Regions in 2014 and 2020
Figure Global Automated Fare Collection System Capacity (K Units) and Growth Rate (2014-2020)
Figure China Automated Fare Collection System Capacity (K Units) and Growth Rate (2014-2020)
Figure USA Automated Fare Collection System Capacity (K Units) and Growth Rate (2014-2020)
Figure Europe Automated Fare Collection System Capacity (K Units) and Growth Rate (2014-2020)
Figure Japan Automated Fare Collection System Capacity (K Units) and Growth Rate (2014-2020)
Figure Korea Automated Fare Collection System Capacity (K Units) and Growth Rate (2014-2020)
Figure India Automated Fare Collection System Capacity (K Units) and Growth Rate (2014-2020)
Figure Southeast Asia Automated Fare Collection System Capacity (K Units) and Growth Rate (2014-2020)
Figure South America Automated Fare Collection System Capacity (K Units) and Growth Rate (2014-2020)
Table Manufacture Technology of Automated Fare Collection System
Figure Cost Structure of Automated Fare Collection System in 2019
Table Global Automated Fare Collection System Capacity (K Units) Forecast by Regions (2021-2026)
Figure Global Automated Fare Collection System Capacity (K Units) Forecast by Regions (2021-2026)
Table Global Automated Fare Collection System Capacity Share (%) Forecast by Regions in 2020 and 2026
Figure Global Automated Fare Collection System Capacity Share (%) Comparison by Regions (2020 and 2026)
Table Global Automated Fare Collection System Sales (K Units) Forecast by Regions (2021-2026)
Figure Global Automated Fare Collection System Sales (K Units) Forecast by Regions (2021-2026)
Table Global Automated Fare Collection System Sales Market Share (%) Forecast by Regions (2021-2026)
Figure Global Automated Fare Collection System Sales Market Share (%) Comparison by Regions in 2020 and 2026
Table Global Automated Fare Collection System Revenue (M USD) Forecast by Regions (2021-2026)
Figure Global Automated Fare Collection System Revenue (M USD) Forecast by Regions (2021-2026)
Table Global Automated Fare Collection System Revenue Market Share (%) Forecast by Regions (2021-2026)
Figure Global Automated Fare Collection System Revenue Market Share (%) Comparison by Regions in 2020 and 2026
Figure China Automated Fare Collection System Capacity (K Units) and Growth Rate (2021-2026)
Figure China Automated Fare Collection System Sales (K Units) and Growth Rate (2021-2026)
Figure China Automated Fare Collection System Revenue (M USD) and Growth Rate (2021-2026)
Figure USA Automated Fare Collection System Capacity (K Units) and Growth Rate (2021-2026)
Figure USA Automated Fare Collection System Sales (K Units) and Growth Rate (2021-2026)
Figure USA Automated Fare Collection System Revenue (M USD) and Growth Rate (2021-2026)
Figure Europe Automated Fare Collection System Capacity (K Units) and Growth Rate (2021-2026)
Figure Europe Automated Fare Collection System Sales (K Units) and Growth Rate (2021-2026)
Figure Europe Automated Fare Collection System Revenue (M USD) and Growth Rate (2021-2026)
Figure Japan Automated Fare Collection System Capacity (K Units) and Growth Rate (2021-2026)
Figure Japan Automated Fare Collection System Sales (K Units) and Growth Rate (2021-2026)
Figure Japan Automated Fare Collection System Revenue (M USD) and Growth Rate (2021-2026)
Figure Korea Automated Fare Collection System Capacity (K Units) and Growth Rate (2021-2026)
Figure Korea Automated Fare Collection System Sales (K Units) and Growth Rate (2021-2026)
Figure Korea Automated Fare Collection System Revenue (M USD) and Growth Rate (2021-2026)
Figure India Automated Fare Collection System Capacity (K Units) and Growth Rate (2021-2026)
Figure India Automated Fare Collection System Sales (K Units) and Growth Rate (2021-2026)
Figure India Automated Fare Collection System Revenue (M USD) and Growth Rate (2021-2026)
Figure Southeast Asia Automated Fare Collection System Capacity (K Units) and Growth Rate (2021-2026)
Figure Southeast Asia Automated Fare Collection System Sales (K Units) and Growth Rate (2021-2026)
Figure Southeast Asia Automated Fare Collection System Revenue (M USD) and Growth Rate (2021-2026)
Figure South America Automated Fare Collection System Capacity (K Units) and Growth Rate (2021-2026)
Figure South America Automated Fare Collection System Sales (K Units) and Growth Rate (2021-2026)
Figure South America Automated Fare Collection System Revenue (M USD) and Growth Rate (2021-2026)
Table Global Automated Fare Collection System Sales (K Units) Forecast by Types (2021-2026)
Figure Global Automated Fare Collection System Sales Market Share (%) Comparison by Type in 2020 and 2026
Figure Sales (K Units) and Growth Rate Forecast (2021-2026)
Figure Revenue (M USD) and Growth Rate Forecast (2021-2026)
Figure Sales (K Units) and Growth Rate Forecast (2021-2026)
Figure Revenue (M USD) and Growth Rate Forecast (2021-2026)
Figure Sales (K Units) and Growth Rate Forecast (2021-2026)
Figure Revenue (M USD) and Growth Rate Forecast (2021-2026)
Figure Sales (K Units) and Growth Rate Forecast (2021-2026)
Figure Revenue (M USD) and Growth Rate Forecast (2021-2026)
Table Global (2021-2026) Automated Fare Collection System Sales Forecast by Application
Figure Global Automated Fare Collection System Sales Market Share (%) Comparison by Application in 2020 and 2026
Figure Sales and Growth Rate Forecast (2021-2026)
Figure Sales and Growth Rate Forecast (2021-2026)

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Automated Fare Collection System Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032