Automated Fare Collection forecast to 2028: key players, segmentation, size, share, growth, trends and opportunities 2028
Automated Fare Collection forecast to 2028: key players, segmentation, size, share, growth, trends and opportunities 2028
The Automated Fare Collection Market report includes a systematic investment analysis that anticipates upcoming opportunities for market players. The CAGR values provided in the report offer estimations regarding the potential rise or decline in product demand over the forecasted period. The report presents historical data, future forecasts, and a detailed analysis of the market on both global and regional levels. Importantly, the data is sourced exclusively from reliable outlets such as journals, newspapers, company websites, and annual reports, instilling confidence in businesses that rely on this information. An international Automated Fare Collection Market business document delves into consumer and supply chain dynamics, offering valuable insights for developing production strategies.
Competitor analysis studies keep the competitive landscape clearly in focus, enabling businesses to formulate or refine their strategies to thrive in the market. A reliable Automated Fare Collection Market report also places emphasis on global key manufacturers, market definition, and a comprehensive analysis of the market competition landscape through SWOT analysis. The report sheds light on Growth Opportunity Assessment (GOA), Customer Insights (CI), Competitive Business Intelligence (CBI), and Distribution Channel Assessment (DCA). With granular market information, clients can make effective business decisions, and the Automated Fare Collection Market research report serves as a valuable resource in this regard.
The automated fare collection market size is valued at USD 25,197.92 million by 2028 and is expected to grow at a compound annual growth rate of 13.20% over the forecast period of 2021 to 2028.
Market Overview:
The automated fare collection is a type of a system which is used to automate the ticketing system. This system consists of ticket checking machines, ticket vending machines, automatic gate machines and recharging terminals.
The major players covered in the automated fare collection market report are Cubic Corporation, Indra, Thales Group, GMV, ST Engineering, Atos SE, Longbow Technologies Sdn Bhd, Samsung, Genfare, Advanced Card Systems Ltd., NIPPON SIGNAL CO., LTD., OMRON Corporation, Vix Technology, Scheidt & Bachmann GmbH, Siemens, NXP Semiconductors, LG CNS, Sony Corporation, LECIP HOLDINGS CORPORATION, and Masabi Ltd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Explore Further Details about This Research Automated Fare Collection Market Report
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Global Automated Fare Collection Market Scope and Market Size
The automated fare collection market is segmented on the basis of component, service type, system, technology, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of component, the automated fare collection market is segmented into hardware and software.
The automated fare collection market is segmented on the basis of service type into consulting, system implementation, training, support, and maintenance and managed services.
On the basis of system, the automated fare collection market is segmented into ticket vending machine (TVM), ticket office machine (TOM), fare gates and IC cards.
Based on technology, the automated fare collection market is segmented into near-field communication (NFC), magnetic stripes, smart card, optical character recognition (OCR) and others.
Based on application, the automated fare collection market is segmented into rail and transport, parking, theme park and others. Rail and transport has further been segmented into ticket vending machine, automatic collection gate, passenger service machine and smart card ticketing. Parking has further been segmented into parking entry/exit barriers, auto pay machine and ticket validating machine.
Based on end user, the automated fare collection market is segmented into transportation and logistics, government, media and entertainment, retail and others.
Key Questions Answered In This Automated Fare Collection Market Report
What will the Automated Fare Collection Market size be in 2030 and what will the growth rate be?
What are the key Automated Fare Collection Markettrends?
What is driving this Automated Fare Collection Market?
What are the challenges to Automated Fare Collection Market growth?
Who are the key vendors in this Automated Fare Collection Market space?
What are the market opportunities and threats faced by the key vendors?
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