Global Automated Fare Collection (AFC) Sales Data & Market Report 2020 and Forecast 2021-2026

                                          
A recently concluded research by Trusted Business Insights titled Global Automated Fare Collection (AFC) Sales Market Report 2020 will enable in acquiring a holistic view of overall market scenario and it’s most lucrative sectors. The research report provides quality data in a business and management reporting format. It examines the historic accomplishments and recent opportunities present in the global Automated Fare Collection (AFC) market. Trusted Business Insights report focuses on the consumption, geography, by type, by application, and the competitive landscape. This report splits the data for each region to analyze the leading companies, applications, and product types.

Trusted Business Insights aims to provide a complete knowledgeable report so that the readers will benefit from it. The report is properly examined and compiled by industry experts and will shed light on the key information that requires from the clients.

Report Overview: Automated Fare Collection (AFC) Market


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.

The global Automated Fare Collection (AFC) market size is projected to reach US$ 12490 million by 2026, from US$ 8096.9 million in 2020, at a CAGR of 7.5% during 2021-2026.

The global Automated Fare Collection (AFC) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Automated Fare Collection (AFC) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.

The European market segment leads the overall AFC industry in the world segmented by regional areas and is closely followed by the North American market owing to a developed transportation infrastructure. In coming years, the Asia-Pacific market is expected to grow the fastest with the increasing demand from developing countries like China and India.

Geographical Analysis: Automated Fare Collection (AFC) Market

Based on region, the global Automated Fare Collection (AFC) market is segmented into North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America). Research analysts have studied government initiatives, changing the political environment, and social scenarios that are likely to contribute to the growth of the regional markets.

Key Players: Automated Fare Collection (AFC) Market

The major players that are operating in the global Automated Fare Collection (AFC) market are

 	
Cubic Systems
 	
Omron Corporation
 	
Thales Group
 	
Advance Cards Systems
 	
Atos SE
 	
Fare Logistics
 	
LG Corporation
 	
NXP Semiconductor
 	
Samsung SDS

Segment by Type Automated Fare Collection (AFC) Market

 	
Hardware
 	
Software

Segment by Application Automated Fare Collection (AFC) Market

 	
Government Buildings
 	
Large Commercial Workplaces
 	
Public Transport Ports

Competitive Landscape:

Factors such as cost analysis, marketing strategy, factor analysis, distributors, sourcing strategy, and industrial chain are all the parts of the global Automated Fare Collection (AFC) market. The report also includes the analysis of the return on investment (ROI) feasibility with the estimated SWOT analysis.

The report covers the following objectives:

• Proliferation and maturation of trade in the global Automated Fare Collection (AFC) market.
• The market share of the global Automated Fare Collection (AFC) market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Automated Fare Collection (AFC) market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automated Fare Collection (AFC) market.
This research comprehensively answers the following 9 important questions:

 	
Q.1. What are some of the most promising growth trends in the Automated Fare Collection (AFC) market worldwide?
 	
Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
 	
Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
 	
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in the Automated Fare Collection (AFC) market?
 	
Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Automated Fare Collection (AFC) market?
 	
Q.6.What are the emerging trends post COVID-19 reshuffle in this Automated Fare Collection (AFC) market and the what are reasons behind these trends and do they translate in global exploration?
 	
Q.7. Who are the major global and regional players in the Automated Fare Collection (AFC) market? Which are the strategic initiatives key players are pursuing for business growth?
 	
Q.8.Which are the competing products in the Automated Fare Collection (AFC) market and how big of a threat do they pose for loss of market share by material or product substitution?
 	
Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Automated Fare Collection (AFC) industry?