Automated Fare Collection Industry 2020

 Automated Fare Collection System (AFCS), also known as electronic fare collection system, is an automated system that helps public transit operators to trace and account the revenue and provide a convenient way of fare payment instead of cash. The global automated fare collection system market includes technologies such as smart cards, Near Field Communication (NFC), Optical Character Recognition (OCR), magnetic strips and bar codes.

Get Sample PDF 

Currently, smart cards are widely used to enable ease of fare payment to travelers. This report analyzes the global market on the basis of component, technology, application and region. By region, the market is segmented across North America, Europe, Asia-Pacific and Latin America, the Middle East and Africa (LAMEA). This report uses value chain analysis and Porter's Five Forces Model to analyze the competitive scenario of the industry and adding values to the final product.

Further, report features the strategies adopted by the key market players to endure the stiff competition in the market. Atos SE, Cubic Transportation Systems, Inc., dormakaba Holding, LECIP Group, LG CNS, NXP Semiconductors, OMRON Corporation, Samsung SDS, Scheidt & Bacchhan Gmbh and Thales Group are some of the leading suppliers of AFCS in the global market.
The global automated fare collection system market includes components such as hardware, including Ticket Vending Machines (TVMs), turnstiles, Booking Office Machines (BOMs), validators and software including back office, passenger information, validating the identity and signaling. The market is classified on the basis of the type of component, technology, application and region.
Key players operating in the market include Atos SE, Cubic Transportation Systems, Inc., dormakaba Holding, LECIP Group, LG CNS, NXP Semiconductors, OMRON Corporation, Samsung SDS, Scheidt & Bacchhan Gmbh and Thales Group.