Automated Fare Collection Market PDF: Research Report, Trends & Forecast 2021-26

1. Global Automated Fare Collection Market Research and Forecast Report 2021- 2026 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Automated Fare Collection Market Research Report: According to the latest report by IMARC Group, titled "Automated Fare Collection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global automated fare collection market size reached US$ 6.27 Billion in 2020. An automatic fare collection (AFC)system refers to a contactless software-based ticketing system that is used for collecting fare payments while replacing conventional ticketing solutions with automated ticketing. It is commonly deployed at entry and exit points of public transport units that consist ofautomatic gate machines,recharging terminals, ticket checking machines and ticket vending machines. These machines are commonly compatible with a vast array of payment methods that provide enhanced convenience to the users. Their usage also facilitates improved transaction rate and excellent operational transparency while offering cost- and time-efficiency to the travelers. Request Free Sample Report: https://www.imarcgroup.com/automated-fare-collection- market/requestsample

4. Report Description and Highlights Report Description Global Automated Fare Collection Market Trends : The global market is majorly driven by rapid digitization and the widespread adoption of automation across the globe. With the busy and hectic lifestyles led by the working professionals, there has been a rising need for convenient and user-friendly modes of fare collection across public transport terminals. This has impelled the deployment of AFC systems at the entry and exit points of transport terminals in an attempt to minimize the wastage of time waiting in queues and ensure contactless and hassle-free paymentsolutions. Moreover, the continual developments in the existing public transport infrastructure and the widespread usage of smartphone applications for accessing travel route information and online booking of tickets are creating a positive outlook for the market. Furthermore, the increasing integration of advanced technologies with AFC systems is also acting as a major growth-inducing factor. For instance, the growing preference for open road tolling (ORT) and near-field communication (NFC) systems are increasingly being deployed at toll booths to facilitate free-flowing toll collection and minimize traffic congestion. Some of the other factors contributing to the market growth include the rising demand for fare collection systems with low fraud rates and the rapid expansion of smart cities on the global level. On account of the aforementioned factors, the market is expected to reach a value of US$ 12.06 Billion in 2026, registering a CAGR of 11.40% during 2021-2026.

5. Report Description and Highlights Report Description Market Summary: Breakup by System Type: • Ticket Vending Machine (TVM) • Ticket Office Machine (TOM) • Fare Gates • IC Cards Breakup by Technology: • Smart Card • Magnetic Stripe • Near Field Communication (NFC) • Others Breakup by Application: • Railways and Transportation • Parking • Entertainment • Others

6. Report Description Report Description and Highlights Breakup by Component: • Hardware • Software and Services Breakup by Region: •North America • United States • Canada •Asia Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others •Europe • Germany • France

7. Report Description Report Description and Highlights • • • • • United Kingdom Italy Spain Russia Others •Latin America • • • • • • • •Middle East and Africa Turkey •Saudi Arabia •Iran •United Arab Emirates •Others Brazil Mexico Argentina Columbia Chile Peru Others

8. Report Description Report Description and Highlights Competitive Landscape with Key Players: • Advanced Card Systems Limited (HNA Technology Investments Holdings) • Atos SE • Cubic Corporation • Indra Sistemas SA • Nippon Signal Co. Ltd. • NXP Semiconductors N.V. • Omron Corporation • Scheidt & Bachmann GmbH • Siemens AG • Sony Corporation • STMicroelectronics • Thales Group. View Full Report with TOC & List of Figure: https://www.imarcgroup.com/automated-fare-collection- market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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