Automated Fare Collection Market is the automated ticketing systems designed for transportation networks
Automated fare collection system is the combination of components which automates the ticketing process in the transportation network. The automated fare collection market has been segmented by technology into smart cards, magnetic strips, NFCs (Near field communication) and OCR (Optical character recognition). The market by component type has been segmented into software and hardware. The automated fare collection market by industrial application has been segmented into bus, toll, car rental, train, e-payment and others. The use of AFC helps in reduction of operational cost and improves the transaction rate of the ticketing system in transportation systems. The AFC system also ensures more efficient collection of fare. Use of latest technology in the automated fare collection system like smartcard, contactless technology and electronic payment is likely to drive the market.
Request Sample Copy of the Report @ https://goo.gl/R4lTIR
Broadly, the automated fare collection market by geography has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). North America led the automated fare collection market whereas Europe is the other major contributor in this market. Asia Pacific is the most attractive region in the automated fare collection market due to increase in focus towards building of infrastructure towards better communication facilities such as mono rail, metro rail and high speed train in countries like China, India and Japan.
Read Complete Report @ http://www.mrrse.com/automated-fare-collection-market
The key players operating in the automated fare collection market are Advanced Card Systems Ltd., Atos, Cubic Transportation Systems, Fare Logistics, GMV, LG, NXP Semiconductors, Omron Corporation, and Samsung SDS among others.
Table of Content
2. Executive Summary
3. Market Overview
4. Global Automated Fare Collection Market by Technology Type 2015 – 2021
5. Global Automated Fare Collection Market by Component 2015 – 2021
MRRSE stands for Market Research Reports Search Engine, the largest online catalog of latest market research reports based on industries, companies, and countries. MRRSE sources thousands of industry reports, market statistics, and company profiles from trusted entities and makes them available at a click. Besides well-known private publishers, the reports featured on MRRSE typically come from national statistics agencies, investment agencies, leading media houses, trade unions, governments, and embassies.
90 State Street, Suite 700
Albany, NY 12207