Latest Research on Smart Cards Automated Fare Collection Systems Market 2019 Comprehensive study by key players: INIT, Huaming, Xerox, GFI Genfare, LECIP, Gunnebo, GMV

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.

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The worldwide market for Smart Cards Automated Fare Collection Systems is expected to grow at a CAGR of roughly 9.6% over the next five years, will reach 1510 million US$ in 2024, from 870 million US$ in 2019, according to a new study. 

Top Key Vendors:

Cubic Corporation
The Nippon Signal
Omron Corporation
Scheidt & Bachmann
Thales Group
INIT
Huaming
…

Market Segment by Type, covers:

Farebox
Ticket Vending Machines (TVM)
Validator

Global Smart Cards Automated Fare Collection Systems Industry is spread across 136 pages, profiling 15 companies and supported with tables and figures.

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Market Segment by Applications, can be divided into:

Off-Board
On-Board

The report can answer the following questions: 
1. What is the global (North America, South America, Europe, Africa, Middle East, Asia, China, Japan) production, production value, consumption, consumption value, import and export of Smart Cards Automated Fare Collection Systems 
2. Who are the global key manufacturers of Smart Cards Automated Fare Collection Systems industry? How are their operating situation (capacity, production, price, cost, gross and revenue)? 
3. What are the types and applications of Smart Cards Automated Fare Collection Systems? What is the market share of each type and application?

Objective of Studies: 
1. To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Smart Cards Automated Fare Collection Systems market. 
2. To provide insights about factors affecting the market growth. To analyze the Smart Cards Automated Fare Collection Systems market based on various factors- price analysis, supply chain analysis, Porte five force analysis etc. 
3. To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World. 

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Scope of the Report:

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.

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