Automatic Fare Collection System Market By Component (Hardware and Software), By Application (Bus, Toll, Train, and Car Rental), and By Technology Platform (Smart Card, NFC, Optical Character Recognition, Magnetic Strips, and Barcodes)-Global Industry Analytics, COVID-19 Business Impact, and Trends, 2020–2029

                                          
Abstract
                    
The report covers a forecast and an analysis of the automatic fare collection system market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion) and volume (K Units). The study includes drivers and restraints for the automatic fare collection system market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the automatic fare collection system market on a global level.

In order to give the users of this report a comprehensive view of the automatic fare collection system market, we have included a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces Model for the automatic fare collection system market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.


On the basis of component, automatic fare collection system market is segmented into hardware and software. The application segment includes bus, toll, train, and car rental. In terms of technology, the market is divided into smart card, NFC, optical character recognition, magnetic strips, and barcodes. The regional segment includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Some major players operating in the automatic fare collection system market are Thales Group, Nippon Signal, Advanced Card Systems, Siemens, Atos, GMV, Indra Sistemas, Scheidt & Bachmann, Vix Technology, Omron Corporation, NXP Semiconductors, Samsung SDS, Telexis, LG CNS, Masabi, LECIP Holdings, Singapore Technologies Engineering, Cubic Corporation, Trapeze, and UL Identity Management & Security.

This report segments the global automatic fare collection system market into:

Automatic Fare Collection System Market: By Component

	Hardware
	Software

Automatic Fare Collection System Market: By Application

	Bus
	Toll
	Train
	Car Rental

Automatic Fare Collection System Market: By Technology Platform

	Smart Card
	NFC
	Optical Character Recognition
	Magnetic Strips
	Barcodes

Automatic Fare Collection System Market: By Region

	North America
	
		The U.S.
	
	
	Europe
	
		UK
		France
		Germany
	
	
	Asia Pacific
	
		China
		Japan
		India
	
	
	Latin America
	
		Brazil
	
	
	Middle East and Africa