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Published on : Apr 03, 2017

Albany, New York, April 03, 2017: The 113-page report explores all the essential aspects of the smart cards automated fare collection (AFC) system market and aspires to act as a credible document for manufacturers, technology innovators, and government agencies. The report provides forecasts until 2022.

According to the report, an automated fare collection system is highly useful for the transportation sector as it not only improves the efficiency of the ticketing process, but also reduces the errors and thereby adds to the overall collection. One of the trends noted highlighted in the report is the preference for these systems by commuters as well, who can not only save time but also are able to track their transactions. Advancements in technology have significantly improved the ticketing system with contactless technology, electronic payment, and smart card transactions. Rapidly increasing number of smartphone users, demand to reduce frauds, flexibility in fare plans, and preference for enhanced security systems are some of the other factors driving the demand for smart cards automated fare collection systems.

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By type, the report segments the global smart cards automated fare collection system market into farebox, ticket vending machines and validators. Of these, the ticketing vending machine segment currently accounts for most of the demand and is expected to remain most prominent in the near future. This segment is also likely to be driven by the increasing demand to check fare evaders in railways. On the basis of application, the report segments the global smart cards automated fare collection system market into on-board equipment and off-board equipment. Geographically, the report studies the opportunities available in this market in the regions of North America, Europe, and Southeast Asia as well as in the countries of China, Japan, and India. The report provides historical data from 2012 to 2016 while presenting forecasts for the duration 2017 to 2022.

The report profiles several leading companies in the global smart cards automated fare collection system market, including NXP Semiconductor, Cubic Transportation Systems, GMV, Omron Corporation, Thales Group, Atos SE, Samsung SDS, LG CNS, Advanced Card Systems Holdings Limited, and INIT. For each of these companies, the report offers an overview of their manufacturing base, sales area, competitors, and product specification. The report also explores the main businesses of a few other key players in the global smart cards AFC system market, including Scheidt & Bachmann, GFI Genfare, ST Electronics, LECIP, Xerox, Trapeze Group, Vix Technology, Siemens, and Sony Corporation.

The report also contains dedicated sections on the manufacturing cost of smart cards automated fare collection systems and throws light on the industrial chain, sourcing strategies, and downstream buyers.

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