Automatic Fare Collection System Market Scope
A new report titled “Global Automatic Fare Collection System Market Professional Report 2020-2026” has been added by Straits Research to its repository of research reports. The report analyzes and estimates the Automatic Fare Collection System Market Size on global, regional, and country levels. The report offers data from previous years and an in-depth analysis based on the revenue.
While studying the global market for Automatic Fare Collection System, the report also thoroughly analyzes the driving factors, development trends, restraints, challenges, and lucrative challenges to showcase the current and future market scenario. Straits Research has provided a comprehensive report that consists of the key market strategies based on the latest technologies, applications, and different geographies around the world. The market is expected to show significant growth over the forecast period due to the increasing demand for Automatic Fare Collection System Industry.
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Competitive Analysis
Advanced Card Systems Ltd., Cubic Transportation Systems, Atos SE, LG CNS, NXP Semiconductors, Samsung SDS, Omron Corp., Scheidt & Bachmann, Thales Group, and LECIP Group.
These key players have adopted organic and inorganic growth strategies, including new product launches and developments, joint ventures, partnerships, research and development (R&D) activities, agreements, contracts, collaborations, and mergers & acquisitions (M&A) to strengthen their position in the market.
Automatic Fare Collection System Market Segmentation
By Component, Hardware, Ticket Vending Machine, Fare Gates, Others (Ticket Office Machine, Station Infrastructure), Software
By Application, Retail (Parking) , Transportation and Logistics, Subway Station, Train station/Metro railways, Airports, Media and Entertainment , Government , Others
By Technology, Near-Field Communication , Magnetic Strips & Tokens , QR Code/Barcode , Smart Cards
This report forecasts revenue growth at the global, regional, and local levels. It analyzes the most recent industry trends from 2020 to 2026 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:
Study Objectives of Global Automatic Fare Collection System Market:
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