Profile image
By DecisionDatabases
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Analysis On Automated Fare Collection System Industry Development Market Report Upto 2021

Wednesday, February 15, 2017 1:56
% of readers think this story is Fact. Add your two cents.

The Automated Fare Collection System Market Research Report provides Industry analysis and evaluation of the current & prospective Market Size, Share, Trend and Growth during the study period 2014–2021.

Automated fare collection (AFC) system is an automated technique used to facilitate ticketing services. This system is an efficient technique which provides comfortable and easy to use technology to the travelers. It is a method which employs e-ticketing technology, smart cards, debit and credit card technology and magnetic strip detector technology to make ticket vending efficient fast and queue free.

Download Free Sample Copy Of this Report :

Major reason behind adoption of AFC technology by government organizations is to encourage travelers to use public transport like trains, buses, trams and metros. It is a merged ticketing system which helps customers to use multiple travelling mediums on a single ticket. Based on component global automated fare collection system market is segmented into software and hardware. Technology segments global automated fare collection system market into OCR, magnetic strip, NFC and smart cards. Hardware and software are basic components in which data and operational technology is mounted to work according to user expectations.
Increased use of smart card technology and online payment methods prominently drives the global automated fare collection system market. High demand for queue free and automated ticketing system by the huge population using rail transport in the developing regions like India is a major factor to escalate rapid growth for this market. Efforts made by government and integrated institutions to provide better services to its people to encourage use of public travel means is expected to be leverage for the growth of this market. High installation cost of automated system is a major restraint of the global automated fare collection system market.

Major player assessed in the report are :
- Scheidt& Bachmann GmbH
- NXP Semiconductors
- Omron Corporation
- ST Electronics
- Thales Group
- Trapeze Group
- Atos SE
- Cubic Transportation Systems
- More

This report is segmented on the basis of geography as North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America and Europe are the leading regions of this market owing to the high infrastructural development by government organizations. Asia Pacific is expected to show rapid market growth. High dependency of people in region like India and on railway travel significantly supports market growth. China and Japan also help in the growth of Asia Pacific. Latin America and MEA are emerging regions for this market.
View More About this Report :

1. Automated Fare Collection System By Technology :
- Smart Cards
- Magnetic Strip
2. Automated Fare Collection System By Component :
- Hardware
- Software
Buy Now this Report :

About-Us: is a global business research reports provider, enriching decision makers and strategists with qualitative statistics. is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.
Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise and meaningful data at a lightning speed.

For more details:
Phone: +91 99 28 237112

We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.