Global Automatic Fare Collection (AFC) Detailed Forecasts Analysis till 2022 Covering Growth Factors and Opportunities


Published on : Oct 31, 2017

Albany, New York, October 31, 2017: In recent years, integration of advanced technologies such as electronic payment, contactless technology, and smart card with automated fare collection system has reduced costs associated with manual ticketing systems in the transportation industry. Automatic Fare Collection (AFC) system are deployed in public transit network, to allow collection of fare through the use of stored value smart cards by passengers, which saves time and provide convenience to them. A new study, focusing on the current trends in automatic fare collection has been recently broadcasted to the wide repository of Market Research Hub (MRH), with the title of “Global Automatic Fare Collection (AFC) Detailed Analysis Report 2017-2022”. This study offers precise knowledge about the active market regions as well as top players operating in this sector. Further, the report also offers estimations on market size, in terms of revenue (USD million) and growth rate during the forecast period from 2017-2022.

In a bid to give detailed analysis to readers, the study covers all details inside analysis and opinion in automatic fare collection industry. As the name suggests, automatic fare collection (AFC) system is a contactless, end-to-end result for collecting fare payment, replacing traditional ticketing system with automated ticketing and fare collection systems. Main applications where automatic fare collection, are best-suited include Office Area, Public Utilities and Business.

Moreover, the report offers detailed forecast and analysis on the global automatic fare collection market on a global and regional level. The historical data for the years 2012-2016, and forecast for the years 2017 to 2022 in terms of volumes and revenue, are helpful for readers as it helps in getting a broad overview of the global market. In the market overview section, the report provides a comprehensive look at the dynamics of the global automatic fare collection market by summarizing its geographical segments, leading product types and major players.

The geographical segmentation of the report throws light on some prime regions such as Latin America, North America, Asia-Pacific, Europe, Africa & Middle East. In addition, on the basis of product type, the research has been categorized into by functional module and system structure level. By functional module, it covers Line Center System, Automatic Recharge Machine, Station System, Automatic Ticket Machines and Others.  By system structure level, it covers Ticket, Line Central Computer System, Station Terminal Equipment, Clearing System and Station Computer System.

A vital section of the report covers vendor landscape of the market which presents an exact picture about the various players active in this market. Major Companies profiled in this study include Longbow Technologies (Malaysia), TripSpark (US), Trapeze (Canada), Nippon Signal (Japan), GRGBanking (China), Gxmis (China), Advantech (US), HUAHONGJITONG (China), Vixtechnology (Australia), ORBIT (India), Panda (China), SAMSUNG SDS (Korea), Potevio (China) and Taptopay (China Hong Kong). All of these companies are highlighted along with detailed company overview, competitors, business SWOT analysis, models and performance, sales, volume, price, revenue, cost and gross margin.

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