Automatic Fare Collection System Market SWOT Analysis by Key Players: OMRON, NXP Semiconductors, LG, GMV, Atos, Samsung, Cubic Transportation Systems, Scheidt & Bachmann, Fare Logistics, Siemens, Advanced Card Systems, SONY, Trapeze, Vix Technology, Xerox
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.
In 2017, the global Automatic Fare Collection (AFC) System market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
This report focuses on the global Automatic Fare Collection (AFC) System status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automatic Fare Collection (AFC) System development in United States, Europe and China.
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The key players covered in this study
OMRON
NXP Semiconductors
LG
GMV
Atos
Samsung
Cubic Transportation Systems
Scheidt & Bachmann
Fare Logistics
Siemens
Advanced Card Systems
SONY
Trapeze
Vix Technology
Thales
Singapore Technologies Electronics
Xerox
Masabi
Indra Sistemas
iBlocks
ST Electronics
Market segment by Type, the product can be split into
Hardware
Software
Market segment by Application, split into
Retail
Transportation and Logistics
Media and Entertainment
Government
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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