Press release
Automatic Fare Collection (AFC) Systems Market 2021 Growth Factors, Technological Innovation and Emerging Trends 2027: United,Omron,Samsung SDS,Thales,Gunnebo
The “Automatic Fare Collection (AFC) Systems Market” examination is foreseeing to supply all people and shippers with related specifics around change focuses, brief courses, dangers, and advantageous trade openings that the advertise is anticipated to uncover interior the coming long time. These bits of information deliberate to consolidate the wage share, show off appraise, market potential, and rate of utilization to draw bits of data relating to the competition to select up control of a clearing assignment of the exhibit share.The Automatic Fare Collection (AFC) Systems Market put is appearing unfaltering increase and making at a CAGR of 13.8% at a threatened point of 2021-2027.
The Global Automatic Fare Collection (AFC) Systems Market research report offers a comprehensive analysis of the global market, providing relevant information for the new market applicants or well-established players. Some of the key strategies employed by leading key players operating in the market and their impact analysis have been included in this research report.
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The Automatic Fare Collection (AFC) Systems Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies to increase their market share. The vendors engaged in the sector are outlined based on their geographic reach, financial performance, strategic moves, and product portfolio. The vendors are gradually widening their strategic moves, along with customer interaction.
Top Players Analysed in the Report are:
United,Omron,Samsung SDS,Thales,Gunnebo,Chinasoft International,Huaming,GaoXin Modern,NXP Semiconductors,Shanghai Potevio Company Limited,GRG Banking,Huahong Jitong,Easyway,ST Electronics,KML Engineering Limited,Advance Cards Systems
Industry News
Samsung SDS to acquire 25 pct of Vietnam IT firm CMC
OMRON Joins "Nokia Local 5G Technology Partnership"
- To Accelerate Development of 5G Solutions for Manufacturing Businesses and Promote Industry 4.0 -
The Automatic Fare Collection (AFC) Systems Market is segmented based on:
On the basis of type:
Ticket Vending Machine
Ticket Office Machine
Fare Gates
IC Cards
Others
On the basis of application:
Rail & Transit Solution
Entertainment Solution
Others
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Regional Analysis
Global Automatic Fare Collection (AFC) Systems Market is further classified on the basis of region as follows:
Asia Pacific AFC system market growth is attributed to the rising government support for the development of transit systems to improve public transportation in the region. For instance, in June 2015, the Kuala Lumpur government introduced Bus Rapid Transit (BRT) service in Sunway to minimize traffic congestion in the area. The market is gaining momentum due to the increasing adoption of these systems in public transportations, particularly in the metro. For instance, in June 2015, Delhi (India) metro authorities installed 210 new AFC gates in key stations including Huda City Center Station and Nehru Place stations to ensure the smooth flow of passengers. AFC systems provide an enhanced ticket booking facility to users/commuters and also help operators to resolve the overload booking issue of tickets during peak hours. Rapid digitization, growing infiltration of smartphones, and demand for digital payment methods followed by strong administrative visions for intelligent transportation infrastructure are anticipated to drive the market.
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Table of Contents Automatic Fare Collection (AFC) Systems Market
- Chapter 1: Overview of Automatic Fare Collection (AFC) Systems Market
- Chapter 2: Global Market Status and Forecast by Regions
- Chapter 3: Global Market Status and Forecast by Types
- Chapter 4: Global Market Status and Forecast by Downstream Industry
- Chapter 5: Market Driving Factor Analysis
- Chapter 6: Market Competition Status by Major Manufacturers
- Chapter 7: Major Manufacturers Introduction and Market Data
- Chapter 8: Upstream and Downstream Market Analysis
- Chapter 9: Cost and Gross Margin Analysis
- Chapter 10: Marketing Status Analysis
- Chapter 11: Market Report Conclusion
- Chapter 12: Research Methodology and Reference.
Covid-19 Scenario
This report investigates the impact of the COVID19 pandemic on the benefits of industry leaders, adherents, and turmoil. Authorization measures are connected in an unexpected way totally different nations, so the effect will be diverse for each advertises region and for all fragments. This study looked at the current brief- and long-term effect on the Automatic Fare Collection (AFC) Systems market. This makes difference in policymakers come up with brief- and long-term commerce plans for each industry.
Key Questions Answered in the Automatic Fare Collection (AFC) Systems Market Report
- What is the Global market’s growth rate? What will be the future growth trend?
- What are the present market’s main drivers and restraints? What effect will drivers and restraints have in the future?
- What are the revenue and forecast breakdowns by region? What are the main regional revenue pockets for Automatic Fare Collection (AFC) Systems market expansion?
- What are the major impacts of the COVID-19 pandemic on the global Automatic Fare Collection (AFC) Systems market?
Customization Available: Global Automatic Fare Collection (AFC) Systems Market
The Global Automatic Fare Collection (AFC) Systems Market report may be altered to meet your particular commerce needs. since we recognize what our clients need, we offer 25% customization for any of our Market Intelligence Data reports at no additional esteem to all of our clients.
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