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The automatic fare collection (AFC) systems market is forecasted to grow by USD 5.85 billion during 2023-2028, accelerating at a CAGR of 10.87% during the forecast period. The report on the automatic fare collection (AFC) systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by successful applications of various technologies, rising demand for cost-effective public transportation solutions, and government initiatives to promote adoption of AFC systems.
The automatic fare collection (AFC) systems market is segmented as below:
By Component
- Hardware
- Software
By Application
- Railways
- Parking
- Entertainment
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the automatic fare collection (AFC) systems market covers the following areas:
- Automatic fare collection (AFC) systems market sizing
- Automatic fare collection (AFC) systems market forecast
- Automatic fare collection (AFC) systems market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
360 degree market analysis
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global automatic fare collection (AFC) systems market: Atos SE, Chinasoft International Ltd., Cubic Corp., Dormakaba Holding AG, Gaoxin Modern, GMV Innovating Solutions SL, GRGBanking, Gunnebo AB, Indra Sistemas SA, KML Technology Group Ltd., Leadway Tech, LECIP Holdings Corp., LG Corp., Masabi Ltd., Nippon Signal Co. Ltd., NXP Semiconductors NV, OMRON Corp., Scheidt and Bachmann GmbH, Shanghai Huaming Intelligent Terminal Equipment Co. Ltd., Siemens AG, STMicroelectronics International N.V., and Thales Group.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing focus on paperless transactions."
According to the report, one of the major drivers for this market is the successful applications of various technologies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Atos SE
- Chinasoft International Ltd.
- Cubic Corp.
- Dormakaba Holding AG
- Gaoxin Modern
- GMV Innovating Solutions SL
- GRGBanking
- Gunnebo AB
- Indra Sistemas SA
- KML Technology Group Ltd.
- Leadway Tech
- LECIP Holdings Corp.
- LG Corp.
- Masabi Ltd.
- Nippon Signal Co. Ltd.
- NXP Semiconductors NV
- OMRON Corp.
- Scheidt and Bachmann GmbH
- Shanghai Huaming Intelligent Terminal Equipment Co. Ltd.
- Siemens AG
- STMicroelectronics International N.V.
- Thales Group
