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Global Smart Cards Automated Fare Collection Systems Industry Research Report, Growth Trends and Competitive Analysis 2020-2026

Published Date: 2020-02-05   |   Pages: 144   |   Tables: 161   | Report Id: 1504142   | Hits: 30 |   Machinery & Equipment

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Automatic Fare Collection System (AFC) is a contactless smartcard-based end-to-end solution for fare collection and payment. The state-of-the-art solution is uniquely designed with the demand of revenue services for modern transit operation in mind. Furthermore, with the advent of smartcard technology and proliferation of its business applications, AFC also enables transit operators to expand revenue opportunities, exploit the benefits of payment integration with other transit operators as well as non-transit service providers.


AFC System consists of Central Computer System, Station Computer System and Station Equipment.


Central Computer System

Central Computer System is the AFC management center which is responsible for generating reports, receiving ticketing data from station computer, sending control command, downloading system parameter and ticket price list to station computer.


Station Computer System

The primary role of the Station Computer is to provide the usage data collection, downloading of fare related parameters to the AFC equipment; control, monitoring and management of the AFC equipment. Its secondary role is to provide the station reports (if required) and support the sales office and customer service. It is able to function independently should there be a failure in the communication link with the central computer.


Station Equipment

These are all the front-end equipment/devices, which are used to serve the commuter. These consist of Ticket Vending Machines, Fare Gates, Booking Office Machines, Mobile and Hand-Held Terminals and Ticket Recharging Machines etc. Typically the requirement for each implementation may vary in terms of the quantity of the equipment/devices.


Smart Cards

Smart Cards generally support faster and more flexible fare collection systems. Contactless or Proximity Smart Cards permit faster processing times than magnetic stripe cards or contact smart cards. They also facilitate processing of differentiated fare structures such as time-based and distance-based fare structures and fare integration across several modes and operators. A hybrid or "dual-interface" smart card can expand the application of smart cards beyond transit.


This report focus on the Station Equipment (terminal equipment) of Smart Cards Automated Fare Collection System.

Of the major players of Smart Cards Automated Fare Collection Systems, Cubic Corporation maintained its first place in the ranking in 2017. Cubic Corporation accounted for 21.39% of the Global Smart Cards Automated Fare Collection Systems revenue market share in 2017. Other players accounted for 13.00 % and 12.41 %, including The Nippon Signal and Omron Corporation.

The Smart Cards Automated Fare Collection Systems market was valued at US$ 1035.4 Million in 2019 and is projected to reach US$ 1880.8 Million by 2026, at a CAGR of 8.8% during the forecast period. In this study, 2019 has been considered as the base year and 2020 to 2026 as the forecast period to estimate the market size for Smart Cards Automated Fare Collection Systems.


In terms of production side, this report researches the Smart Cards Automated Fare Collection Systems capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Smart Cards Automated Fare Collection Systems by regions (countries) and application.

The global Smart Cards Automated Fare Collection Systems market is thoroughly, accurately, and comprehensively assessed in the report with a large focus on market dynamics, market competition, regional growth, segmental analysis, and key growth strategies. Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Smart Cards Automated Fare Collection Systems market. These figures have been provided in terms of both revenue and volume for the period 2015-2026. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

Geographic Segmentation

The report offers exhaustive assessment of different region-wise and country-wise Smart Cards Automated Fare Collection Systems markets such as the U.S., Canada, Germany, France, the U.K., Italy, Russia, China, Japan, South Korea, Taiwan, India, the Philippines, Malaysia, Thailand, Indonesia, Vietnam Australia, Mexico, Brazil, Saudi Arabia, the UAE and Turkey etc. Key regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

For the period 2015-2026, the report provides country-wise revenue and production capacity analysis and region-wise revenue and volume analysis of the global Smart Cards Automated Fare Collection Systems market. For the period 2015-2020, it provides consumption (consumption) analysis and forecast of different regional markets by Application as well as by Type in terms of volume.

Market Segmentation

The report includes a detailed analysis of leading and by Type and by Application segments of the global Smart Cards Automated Fare Collection Systems market. All of the segments covered in the report are broadly analyzed based on some deciding factors. The segmental analysis section of the report offers value, volume analysis and forecast of the global Smart Cards Automated Fare Collection Systems market by Type and by Application segment for the period 2015-2026.

Segment by Type, the Smart Cards Automated Fare Collection Systems market is segmented into

Farebox

Ticket Vending Machines (TVM)

Validator


Segment by Application, the Smart Cards Automated Fare Collection Systems market is segmented into

Off-Board

On-Board

Competitive Landscape and Smart Cards Automated Fare Collection Systems Market Share Analysis

Smart Cards Automated Fare Collection Systems market competitive landscape provides details and data information by manufacturers. The report offers comprehensive analysis and accurate statistics on production capacity, revenue and price by the player for the period 2015-2020. Details included are company description, major businesses, company total revenue and the production capacity, revenue generated in Smart Cards Automated Fare Collection Systems business, competitors, the date to enter into the Smart Cards Automated Fare Collection Systems market, Smart Cards Automated Fare Collection Systems product introduction, recent developments, etc.


The major vendors covered:

Cubic Corporation

The Nippon Signal

Omron Corporation

Scheidt & Bachmann

Thales Group

INIT

Huaming

Xerox

GFI Genfare

LECIP

Shanghai Potevio Company Limited

Gunnebo

GMV

Huahong Jitong

GRG Banking


The study objectives are:

To analyze and research the global Smart Cards Automated Fare Collection Systems status and future forecast, involving capacity, production, value, consumption, growth rate (CAGR), market share, historical and forecast.

To present the key Smart Cards Automated Fare Collection Systems manufacturers, capacity, production, revenue, market share, and recent development.

To split the breakdown data by regions, type, manufacturers and application.

To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends, drivers, influence factors in global and regions.

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.


In this study, the years considered to estimate the market size of Smart Cards Automated Fare Collection Systems are as follows:

History Year: 2015-2020

Base Year: 2019

Estimated Year: 2020

Forecast Year 2020 to 2026

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