07-30-2018 01:09 PM CET - IT, New Media & Software
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Smart Cards Automated Fare Collection Systems Market will reach 1.7 billion $ by 2025 Covering Top Players: Cubic, Omron, Xerox

Press release from: HTF Market Intelligence Consulting Pvt. Ltd.
Smart Cards Automated Fare Collection Systems Market
Smart Cards Automated Fare Collection Systems Market
An extensive analysis of the Global Smart Cards Automated Fare Collection Systems market strategy of the leading companies in the precision of import/export consumption, supply and demand figures, cost, price, revenue and gross margins. The report starts by an introduction about the company profiling and a comprehensive review about the strategy concept and the tools that can be used to assess and analyze strategy. It also analyzes the company’s strategy in the light of Porter’s Value Chain, Porter’s Five Forces, SWOT analysis, and recommendation on Balanced Scorecard for supply chain analysis.

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Automatic Fare Collection System (AFC) is a contactless smartcard-based end-to-end solution for fare collection and payment. The state-of-the-art solution is uniquely designed with the demand of revenue services for modern transit operation in mind. Furthermore, with the advent of smartcard technology and proliferation of its business applications, AFC also enables transit operators to expand revenue opportunities, exploit the benefits of payment integration with other transit operators as well as non-transit service providers.

AFC System consists of Central Computer System, Station Computer System and Station Equipment.

Central Computer System
Central Computer System is the AFC management center which is responsible for generating reports, receiving ticketing data from station computer, sending control command, downloading system parameter and ticket price list to station computer.

Station Computer System
The primary role of the Station Computer is to provide the usage data collection, downloading of fare related parameters to the AFC equipment; control, monitoring and management of the AFC equipment. Its secondary role is to provide the station reports (if required) and support the sales office and customer service. It is able to function independently should there be a failure in the communication link with the central computer.

Station Equipment
These are all the front-end equipment/devices, which are used to serve the commuter. These consist of Ticket Vending Machines, Fare Gates, Booking Office Machines, Mobile and Hand-Held Terminals and Ticket Recharging Machines etc. Typically the requirement for each implementation may vary in terms of the quantity of the equipment/devices.

Smart Cards
Smart Cards generally support faster and more flexible fare collection systems. Contactless or Proximity Smart Cards permit faster processing times than magnetic stripe cards or contact smart cards. They also facilitate processing of differentiated fare structures such as time-based and distance-based fare structures and fare integration across several modes and operators. A hybrid or "dual-interface" smart card can expand the application of smart cards beyond transit.

This report focus on the Station Equipment (terminal equipment) of Smart Cards Automated Fare Collection System.
Of the major players of Smart Cards Automated Fare Collection Systems, Cubic Corporation maintained its first place in the ranking in 2017. Cubic Corporation accounted for 21.39% of the Global Smart Cards Automated Fare Collection Systems revenue market share in 2017. Other players accounted for 13.00 % and 12.41 %, including The Nippon Signal and Omron Corporation.

On the basis of product type, the Validator segment is projected to account for the largest revenue share during the forecast period; this segment was estimated to account for 83.74 % revenue share in 2017.

In the applications, the Off-Board segment was estimated to account for the highest revenue share of 93.51% in 2017 and is expected to gain significant market share by the end of 2025.

The global Smart Cards Automated Fare Collection Systems market is valued at 870 million US$ in 2017 and will reach 1700 million US$ by the end of 2025, growing at a CAGR of 8.8% during 2018-2025.

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Porter’s Five Forces model is a powerful tool that combines five competitive forces which limit any industry’s profit according to external factors. These forces are the threat of new entrants, the customer bargaining power, the supplier bargaining power, the substitution to an alternative product or service, and the intensity of competition among current rivals inside the industry.

Scope of the Report

Global Smart Cards Automated Fare Collection Systems Market Study By Product Type: Farebox, Ticket Vending Machines (TVM) & Validator

Market Study in Geographical Zones such as: North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey & Rest of Middle East & Africa

Market’s most important players: Cubic Corporation, The Nippon Signal, Omron Corporation, Scheidt & Bachmann, Thales Group, INIT, Huaming, Xerox, GFI Genfare, LECIP, Shanghai Potevio Company Limited, Gunnebo, GMV, Huahong Jitong & GRG Banking

Global Smart Cards Automated Fare Collection Systems By Application [Off-Board & On-Board]

Global Smart Cards Automated Fare Collection Systems Market by application is being dominated by Off-Board & On-Board which holds market value of XXX billion. This market is expected to grow at XXX billion by the end of forecast period with XX.X% of CAGR.

The future trends also introduced in the report which elaborates key factors of Global Smart Cards Automated Fare Collection Systems such as market opportunities, future market risk, benefit, loss and profit, customer perspective, Innovation, Short Term vs. Long Term goals etc. The detailed manufacturer profiles are included with sales, revenue, and price of Global Smart Cards Automated Fare Collection Systems.

This report covers the current scenario and growth prospects of Global Smart Cards Automated Fare Collection Systems Market for the period 2018 – 2023. The study is a professional and in-depth study with around n- no. of tables and figures which provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the domain.

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Research Parameter/ Research Methodology

Primary Research:
The primary sources involves the industry experts from the Global Smart Cards Automated Fare Collection Systems industry including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – industry experts such as CEOs, vice presidents, marketing director, technology & innovation directors, founders and related key executives from various key companies and organizations in the Global Smart Cards Automated Fare Collection Systems in the industry have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.

Secondary Research:
In the Secondary research crucial information about the industries value chain, total pool of key players, and application areas. It also assisted in market segmentation according to industry trends to the bottom-most level, geographical markets and key developments from both market and technology oriented perspectives.

Some extract from Table of Contents
• Overview of Global Smart Cards Automated Fare Collection Systems Market
• Smart Cards Automated Fare Collection Systems Market Size (Sales Volume) Comparison by Type (2013-2025)
• Smart Cards Automated Fare Collection Systems Market Size (Consumption) and Market Share Comparison by Application (2013-2025)
• Smart Cards Automated Fare Collection Systems Market Size (Value) Comparison by Region (2013-2025)
• Smart Cards Automated Fare Collection Systems Sales, Revenue and Growth Rate (2013-2025)
• Smart Cards Automated Fare Collection Systems Market Competitive Situation and Trends
• Smart Cards Automated Fare Collection Systems Market Share of Top 3 and Top 5 Players/Suppliers
• Players/Suppliers Smart Cards Automated Fare Collection Systems Manufacturing Base Distribution, Sales Area, Product Type [Farebox, Ticket Vending Machines (TVM) & Validator]
• Smart Cards Automated Fare Collection Systems Players/Suppliers Profiles and Sales Data
• Global Smart Cards Automated Fare Collection Systems Manufacturing Cost Analysis
• Industrial Chain, Sourcing Strategy and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders

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Key questions
Who are the Leading key players and what are their Key Business strategies in the Global Smart Cards Automated Fare Collection Systems market?
What are the key consequences of the five forces analysis of the Global Smart Cards Automated Fare Collection Systems market?
What are different opportunities and threats faced by the dealers in the Global Smart Cards Automated Fare Collection Systems market?
What are the strengths and weaknesses of the key vendors?

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