The Digital Fare Meters Market to stabilize amidst advancements in the next 10 years

Digital fare meters are electronic devices which are installed in taxicabs and auto rickshaws, which is used to calculate fare on the basis of distance travelled and waiting time. The digital fare meters have ticket receipt printers embedded in them, GPS systems to assist with the location and safety of the travelers.

Credit and prepaid card support, Bluetooth support for communication with smartphones and tablets and other electronic devices, USB support. GPS technology has been used in digital taxi meters in order to protect the citizens from overpaying. Initially the digital taxi meters were based on optical transducer but due to the difference in the timer in the measurement controller and the module the reading were inaccurate, and the taxi owners chose longer roots to fake the digital fare meter readings.

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With the digital meter the customers can get benefits of a printed copy and SMS notifications. The digital fare meter has three basic functions which are "for hire", "Hired" and "stopped". The digital fare meters have built-in real time clock for automatic transitions from day fare to night fare, as the fare prices change from day fare to night fare.

FACTS AT A GLANCE
Companies: Sansui Electronics,Pulsar Technologies (I) Pvt. Ltd,Precision Electronic Instruments Co.,Pricol Limited,Super Meter Mfg. Co.,MIJO AUTO Meter Pvt. Ltd,Superb Meter Mfg. Co.,Automotive Techno Co. Inc.,National Meter Mfg. Co.,Maruti Meter Mfg. Corporation,Unique Digital Meters,Hydaker Industries,Srisenthilnathan Meter Works,Ar. Micro Equipment Pvt. Ltd.,Smart Technology systems
Coverage: All major geographies and key segments

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Segments: Digital Fare Meters Market Segmented By type of digital fare meters such as Meters with printers and Meters with without printers also by vehicle type of digital fare meters such as Auto Rickshaw and Taxi

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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ABSTRACT-
The global digital fare meter is driven by factors such as accurate reading, easy to install, temper proof, weather proof, high durability and easy compatibility. As the digital fare meters are low in maintenance they are widely preferred by end users.The demand for global digital fare meters is expected to increase due rules and regulations set by government's regulatory bodies. The restrain for the global digital fare meter would be the cab services offered by new market players which use online technology to calculate the fare such as android based fare meter.

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This release was published on openPR.