DUBLIN--(BUSINESS WIRE)--The "Automated Fare Collection (AFC) - Global Market Outlook (2017-2023)" report has been added to ResearchAndMarkets.com's offering.
The Global Automated Fare Collection (AFC) Market accounted for $6.38 billion in 2016 and is expected to reach $15.83 billion by 2023 growing at a CAGR of 13.9% during the forecast period.
Demand for congestion-free transportation systems, reduction in environmental pollution and support from various governments to invest on automated fare collection system are some factors driving the market growth. However, high installation cost and slow growth in emerging countries are hampering the market. Fare collection technology platforms and developments in developing economies will provide ample opportunity for the market to grow.
On the basis of components, the hardware segment retains the largest market share in automated fare collection industry and is expected to maintain its leading position during the forecast period owing to development in Europe and Asia Pacific region.
Report Scope
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Service Types Covered
- System Implementation
- Training, Support, and Maintenance
- Managed Services
- Consulting
Applications Covered
- Theme Park
- Parking
- Rail and Transport
- Other Applications
End-Users Covered
- Retail
- Transportation and Logistics
- Media and Entertainment
- Government
- Other End Users
Systems Covered
- Fare gates
- Ticket vending machine
- IC cards
- Ticket office machine
Technologies Covered
- Near-Field Communication (NFC)
- Smart Card
- Optical character recognition (OCR)
- Other Technologies
Components Covered
- Software
- Hardware
Companies Mentioned
- Omron Corp
- NXP Semiconductors
- LG Corporation
- GMV
- Atos SE
- Samsung
- Cubic Transportation Systems
- Scheidt & Bachmann
- Fare Logistics
- Siemens AG
- Advanced Card Systems
- Sony Corporation
- Trapeze Group
- Vix Technology
- Thales Group
- Singapore Technologies Electronics Limited
- Xerox Corporation
- Nippon Signal
- Masabi Ltd.
- Indra Sistemas SA
- iBlocks Limited
- ST Electronics
For more information about this report visit https://www.researchandmarkets.com/research/nsfckc/global_15_83?w=4
