AFC is commonly used to replace public transport tickets printed on paper with electronic tickets. Designed for public transport and micropayment operations, the AFC system is a stored value-based contactless smart card application that can be extended to mobile ticketing applications. AFC is commonly used for automatic logging of transactions to easily collect usage data, service planning and optimization, flexible pricing, easy access to combined services, and customer convenience.
AFC market size is expected to grow from USD 6.42 billion in 2018 to USD 11.95 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 13% during the forecast period.
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Key Market Players
Cubic Corporation (US), Thales (France), Samsung SDS (Korea), ST Electronics (Singapore), ATOS (France)
By Application:
- Rail and transport
- Parking applications
- Theme park applications
- Others
By Service Type:
- Consulting
- System implementation
- Training, support, and maintenance
- Managed service
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Scope of the Report
The research study analyzes the global Automated Fare Collection industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Automated Fare Collection Market Report
1. What was the Automated Fare Collection Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Automated Fare Collection Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automated Fare Collection Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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