Tumgik
#Asia-Pacific Automated Fare Collection System Market
businessindustry · 2 months
Text
Urban Rail Transit Market Application, CAGR, Growth 2024-2032
Tumblr media
The Reports and Insights, a leading market research company, has recently releases report titled “Urban Rail Transit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2031.” The study provides a detailed analysis of the industry, including the global Urban Rail Transit Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Urban Rail Transit Market?
The global urban rail transit market is expected to register a revenue CAGR of 4.8% during the forecast period.
What are Urban Rail Transit?
The urban rail transit market is rapidly expanding due to increasing urbanization and the demand for efficient and sustainable transportation solutions. Cities globally are investing in expanding and modernizing their rail networks to alleviate traffic congestion, reduce carbon emissions, and provide reliable public transit. Technological advancements like automation and digital signaling are improving the efficiency and safety of rail operations. Additionally, government initiatives and public-private partnerships are driving substantial investments in this sector. Leading companies are focusing on innovative solutions to enhance passenger experience and operational efficiency, making urban rail transit a key component of contemporary urban mobility.
Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/2056
What are the growth prospects and trends in the Urban Rail Transit industry?
The urban rail transit market growth is driven by various factors and trends. Urban rail transit encompasses rail-based transportation systems specifically designed for city environments, offering efficient and reliable public transit options for urban populations. This includes subways, light rail, trams, and commuter trains, all of which help reduce traffic congestion, decrease carbon emissions, and improve urban mobility. Urban rail transit features high passenger capacity, frequent service, and dedicated tracks to ensure punctual and safe travel. It plays a vital role in sustainable urban development by enhancing connectivity and accessibility, supporting economic growth, and improving the overall quality of urban life. Hence, all these factors contribute to urban rail transit market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By System Type:
Metro/Subway
Light Rail Transit (LRT)
Trams/Streetcars
Monorail
Commuter Rail
Technology:
Conventional Rail Systems
Rapid Transit Systems
Automated Train Control Systems
Signaling Systems
Ticketing and Fare Collection Systems
Component:
Rolling Stock (Trains, Locomotives)
Infrastructure (Tracks, Stations, Depots)
Control Systems (Signaling, Communication)
Services (Maintenance, Operation)
Others (Ticketing, Safety Systems)
Application:
Public Transportation
Tourist Transportation
Freight Transportation (Metro Freight)
Intermodal Connectivity
Transit-Oriented Development
End User:
Government and Public Authorities
Private Operators
Construction and Infrastructure Companies
Passengers and Commuters
Investors and Stakeholders
Segmentation By Region:
North America:
United States
Canada
Europe:
Germany
The U.K.
France
Spain
Italy
Russia
Poland
BENELUX
NORDIC
Rest of Europe
Asia Pacific:
China
Japan
India
South Korea
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Argentina
Middle East & Africa:
Saudi Arabia
South Africa
United Arab Emirates
Israel
Who are the key players operating in the industry?
The report covers the major market players including:
Siemens Mobility
Alstom
Bombardier Transportation
CRRC Corporation Limited
Hitachi Rail
Kawasaki Heavy Industries
Hyundai Rotem
CAF - Construcciones y Auxiliar de Ferrocarriles
Ansaldo STS
Stadler Rail
Talgo
Knorr-Bremse AG
Thales Group
Wabtec Corporation
Mitsubishi Heavy Industries
View Full Report: https://www.reportsandinsights.com/report/Urban Rail Transit-market
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
Reports and Insights Business Research Pvt. Ltd. 1820 Avenue M, Brooklyn, NY, 11230, United States Contact No: +1-(347)-748-1518 Email: [email protected] Website: https://www.reportsandinsights.com/ Follow us on LinkedIn: https://www.linkedin.com/company/report-and-insights/ Follow us on twitter: https://twitter.com/ReportsandInsi1
0 notes
Global Automated Fare Collection System Market Share, Size & Trends, Analysis Report By Application, By Region, And Segment Forecasts Till- 2027
Global Automated Fare Collection System Market Share, Size & Trends, Analysis Report By Application, By Region, And Segment Forecasts Till- 2027
 Buy Now The global automated fare collection system market is projected to grow at a compound annual growth rate (CAGR) of 9% during the forecast period 2021-2027, according to the new report published by Gen Consulting Company. The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into ‘Global Automated Fare Collection…
Tumblr media
View On WordPress
#Asia-Pacific Automated Fare Collection System Market#Asia-Pacific Automated Fare Collection System Market Growth#Asia-Pacific Automated Fare Collection System Market Revenue#Asia-Pacific Automated Fare Collection System Market sales#Asia-Pacific Automated Fare Collection System Market Share#Asia-Pacific Automated Fare Collection System Market Size#Asia-Pacific Automated Fare Collection System Market Trends#Automated Fare Collection System Industry In Global#Automated Fare Collection System Market#Automated Fare Collection System Market In Global#Covid-19 Impact Global Automated Fare Collection System Market#Europe Automated Fare Collection System Market#Europe Automated Fare Collection System Market Growth#Europe Automated Fare Collection System Market Revenue#Europe Automated Fare Collection System Market sales#Europe Automated Fare Collection System Market Share#Europe Automated Fare Collection System Market Size#Europe Automated Fare Collection System Market Trends#Global Automated Fare Collection System Industry#Global Automated Fare Collection System Industry Research Report#Global Automated Fare Collection System Market#Global Automated Fare Collection System Market Analysis#Global Automated Fare Collection System Market Competition#Global Automated Fare Collection System Market Demand#Global Automated Fare Collection System Market Future Outlook#Global Automated Fare Collection System Market Growth#Global Automated Fare Collection System Market Major Players#Global Automated Fare Collection System Market Revenue#Global Automated Fare Collection System Market Sales#Global Automated Fare Collection System Market Share
0 notes
don-lichterman · 2 years
Text
Automated Fare Collection System Market: NFC Technology Platform to Grow at 13.9% During 2020
Automated Fare Collection System Market: NFC Technology Platform to Grow at 13.9% During 2020
Automated fare collection system market is set to reach $12,753.75 Mn, 11.6% CAGR globally by 2027, Asia-Pacific to grow at CAGR 14.4% CAGR during 2020-2027. PORTLAND, ORAGON, UNITED STATES, September 14, 2022 /EINPresswire.com/ — According to the report published by Allied Market Research, the global automated fare collection system market was estimated at $6.63 billion in 2019 and is expected…
Tumblr media
View On WordPress
0 notes
chitrakullkarni · 3 years
Text
Automated Fare Collection (AFC) Market Segmentation, Key Players, Competitive Strategies and Forecast, 2025
The global Automated Fare Collection (AFC) Market is expected to display higher growth rate over the next seven years. Rapid surge in the automated fare collection industry is credited to the growing need for hassle free and efficient transportation systems. An automated fare collection (AFC) system comprises of several components, which are used to perform automated ticket collection. The automated fare ticketing system is majorly utilized for public transportation network that is also termed as an automated version of manual fare collection. The automated fare collection (AFC) systems are based on integrated ticketing phenomenon.
Globally, automated fare collection market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the AFC market. Automated fare collections systems are increasingly used for local public transport, railways, taxi services and rental cars. Other applications of automated fare collection include vehicle charging station and airports. Strong economic growth and increasing infrastructure investment, particularly in the Asia Pacific region is expected to fuel market growth over the forecast period. In addition, implementation of several infrastructure development project in the public sector and civil developments in the developing economies across the globe is expected to offer lucrative growth opportunities for industry participants in the upcoming years.
Rise in research & development activities coupled with vertical integration among system providers and transit agencies are anticipated to pave a way for market growth in the near future. Substantial increase in number of transit agencies such as airports, railways and parking are fostering market growth of automated fare collection over the coming years.
Furthermore, declined cost and cheaper operation rates is estimated to stimulate the growth of automated fare collection (AFC) industry over the forecast period. Familiarity with new technology such as smart card, contactless technology and electronic payment is predicted to positively affect market performance across the globe.
Request free sample to get a complete analysis @ https://www.millioninsights.com/industry-reports/automated-fare-collection-afc-market/request-sample
Automated fare collection (AFC) market is broadly categorized into four major segments based on the system technology type such as ticket vending machine, ticket office machine, fare gates and IC cards. The ticket vending machine segment is growing rapidly in the automated fare collection industry with substantial revenue generation in the last few years.
Growing popularity of the ticket vending machine segment is attributed to the higher market penetration and improved cost efficiency. The fare gates segment has also witnessed substantial growth owing to the check fare evaders in railways, transit avenues and metro stations. The automated fare collection market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in transportation sector, surge in number of research & development activities in the region and existence of well-established industrial infrastructure.
Asia-Pacific region is estimated to hold major market share in automated fare collection with massive growth in forecast period. Countries such as Japan, South Korea, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising disposable income, growing infrastructure spending by local governments, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the automated fare collection (AFC) industry are Cubic Systems Corp., Omron Corp., Thales Group, Inc., Advance Cards Systems Ltd., Atos SE, Fare Logistics Corp., LG Corp., NXP Semiconductor N.V., and Samsung SDS.
Browse Related Category Research Reports @ https://industryanalysisandnews.wordpress.com/
0 notes
kenresearchcompany · 3 years
Text
Global Automated Fare Collection System Market - Share, Growth, Trends, Size and Forecast 2021 - 2027
 Buy Now
The global automated fare collection system market is projected to grow at a compound annual growth rate (CAGR) of 9% during the forecast period 2021-2027, according to the new report published by Gen Consulting Company.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into ‘Global Automated Fare Collection System Market 2021-2027’. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, company share of market leaders, growth rate and market segments.
Tumblr media
The automated fare collection system market is segmented on the basis of application, technology platform, component, and region. The automated fare collection system market is segmented as below:
By Application:
- Bus
- Car Rental
- Toll
- Train
- Others
By Technology Platform:
- Near Field Communication (NFC)
- Optical Character Recognition (OCR)
- Smart Card
- Others
By Component:
- Hardware
- Software
By Region:
- Asia-Pacific
- Europe
- North America
- Middle East and Africa (MEA)
- South America
Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDc2Mzk2
The automated fare collection system industry is characterized by a high level of market share concentration. The market research report covers the analysis of key stake holders of the automated fare collection system market. Some of the leading players profiled in the report include ATOS SE, Cubic Transportation Systems, Inc., dormakaba Holding AG, Lecip Holdings Corporation, LG CNS, NXP Semiconductors N.V., Omron Corporation, Thales Group, among others.
Historical & Forecast Period
This research report provides analysis for each segment from 2017 to 2027 considering 2020 to be the base year.
Scope of the Report
- To analyze and forecast the market size of the global automated fare collection system market.
- To classify and forecast the ‘Global Automated Fare Collection System Market’ based on application, technology platform, component, and region.
- To identify drivers and challenges for the global automated fare collection system market.
- To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global automated fare collection system market.
- To conduct pricing analysis for the global automated fare collection system market.
- To identify and analyse the profile of leading players operating in the global automated fare collection system market.
For More Information, refer to below link:-
Global Automated Fare Collection System Market Forecast 2021-2027
Related Reports
Global Electric Truck Market Size and Sale 2021-2027
Global Platform Screen Door System Market Sale
Follow Us
LinkedIn | Instagram | Facebook | Twitter | YouTube
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
0 notes
industry365 · 3 years
Text
Automated Fare Collection Market Will Witness Pronounced Growth During The Period 2021-2028
According to a new report published by Polaris Market Research the worldwide Automated Fare Collection (AFC) market is anticipated to reach around USD 13,594 million by 2026. In 2017, the smart cards segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global automated fare collection market.
The increasing need to automate ticketing systems for public and private transportation majorly drives the market growth. Organizations are gradually adopting automated fare collection systems to increase efficiency, and easy management of high volume of commuters. The growing need to reduce frauds in public transportation further accelerates the adoption of the AFC systems. Other factors driving the market growth include growing need to reduce operational costs, increase profitability, and enhance traveler experience. New emerging markets, increasing acceptance of cashless payments, and growing need to reduce environmental pollution are factors expected to influence the market in the coming years.
The increasing investments in R&D and rapid development of public infrastructure in developing countries of Asia-Pacific and Latin America support the growth of automated fare collection systems. Governments across the world are collaborating with leading market players for installation of AFC systems in airports, and railways. Technological advancements in electronic payment, Near-Field Communication (NFC), and contactless payment technologies provide numerous growth opportunities in the global market. Market players are introducing affordable and highly efficient automated fare collection systems in the market to cater to the growing market demands.
Download  sample: https://www.polarismarketresearch.com/industry-analysis/automated-fare-collection-market/request-for-sample
North America is expected to lead the global AFC market during the forecast period. Significant investment by governments to improve the public transport infrastructure coupled with stringent regulations regarding transportation drive the growth of automated fare collection in this region. Technological advancement and introduction of advanced systems by the market players has increased their acceptance in the region. Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, and increasing investments in public infrastructure. Expansion of global players into these countries to tap market potential boosts the market growth.
The various types of technologies used in automated fare collection system include Near-Field Communication (NFC), Optical Character Recognition (OCR), smart cards, and magnetic strips.  The smart cards segment is expected to lead the market during the forecast period owing to increasing popularity of cashless transactions. NFC is expected to grow at the highest CAGR during the forecast period.
The well-known companies profiled in the report include Thales Group, Longbow Technologies S/B, Cubic Corporation, Advanced Card Systems Holdings Limited, Atos SE, Indra Sistemas SA, UL Transaction Security, Siemens AG, Samsung SDS Co. Ltd., GMV Innovating Solutions, Masabi Ltd., and Omron Corporation among others. These companies introduced new technologies and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of the consumers.
Get Discount offer: https://www.polarismarketresearch.com/industry-analysis/automated-fare-collection-market/request-for-discount-pricing
0 notes
Text
Bluetooth in Automotive Market - Regional Analysis and Segmentation By Key Companies
Market overview
The integration of Bluetooth in vehicles for connecting to smart devices as well as promoting transfer of files as well as hands-free driving. Focus on new driving experiences and new safety laws are likely to lead to integration of the technology. The global Bluetooth in automotive market report by Market Research Future (MRFR) contains insights and applications to be used in vehicles for the period of 2019 to 2025 (forecast period). The COVID-19 pandemic and its impact on the industry are explored in high detail.
Bluetooth is the most-trusted wireless connectivity in the world. Bluetooth technology helps to stream audio, transfer data, and broadcast information between devices. Besides, in the automotive industry, Bluetooth is also used to monitor, diagnose mechanical and electrical systems, which enhances the safety of the vehicle. 
Market Scope
The global Bluetooth in the automotive market is estimated to register a CAGR of 34.0% during the forecast period.
The emerging trend of autonomous and electric vehicles which use latest technologies for communication purposes and development of controller area networks (CAN) for hosting a range of application can fuel the global Bluetooth in automotive market. The increased data processing capability of sensors and actuators and developments in future controllers are likely to influence the market to a great extent.
The use of Bluetooth technology for monitoring and diagnosis of vehicle systems as well as aid in transfer of pertinent data between devices are likely to drive market growth during the forecast period. Development of new wireless system architectures and rollout of supportive policies encouraging Bluetooth usage can fare well for the market. Automation of control tasks, rise of decentralization, and increasing number of monitoring and diagnostic tasks can influence the integration of Bluetooth in the automotive industry.
Get free sample report @
https://www.marketresearchfuture.com/sample_request/1262
Segmentation
The global Bluetooth in automotive market has been segmented based on application, vehicle type, and OEM makers.
On the basis of vehicle type, the global Bluetooth in the automotive market has been divided into passenger cars, light commercial vehicle, and heavy commercial vehicles. The passenger car segment is projected to be dominant throughout the forecast period due to the growing demand for cars and SUVs with in-car entertainment systems such as hands-free audio streaming, calling, and application control. On the other hand, the heavy commercial vehicle segment is likely to command a higher share of the market owing to Bluetooth being used in fleet management for overseeing, coordination, and facilitating of various transport and transport-related activities. This effectively helps in reducing and minimizing overall costs through resources such as vehicles, fuel, and spare parts. 
Regional Analysis
In 2018, the global Bluetooth in the automotive market was led by Asia Pacific (APAC) followed by Europe and North America. The APAC region is dominating the global market owing to the large automobile base in countries of China, Japan, and India. The large sales of commercial and passenger vehicles due to rise in living standards and expendable income levels of clients and customers can drive the market demand till 2025.
North America region has witnessed modest growth in the global Bluetooth in the automotive market during the forecast period due to the growing deployment of the in-vehicle infotainment system especially in commercial vehicles across the U.S. and Canada
Competitive Outlook
Semiconductor Corporation, Silicon Laboratories, Broadcom Corporation, Pioneer Corporation, Cypress Semiconductor Corporation, Samsung Corporation, Marvell Technology Group Ltd, QUALCOMM Incorporated, Toshiba Corporation, and Texas Instruments Incorporated are key players of the global Bluetooth in automotive market.
Table of content
1 Executive Summary
1.1 Suggestions 9
2 Research Methodology
2.1 Definition 10
2.2 Scope Of The Study 10
2.3 Assumptions 10
3 Research Methodology
3.1 Research Process 11
3.2 Primary Research 12
3.3 Secondary Research 12
3.4 Market Size Estimation 12
3.5 Forecast Model 14
4 Global Bluetooth In Automotive Market, By Application
4.1 Introduction 19
4.2 Communication 20
4.3 Infotainment 21
 Continued………
Ask for your specific company profile and country level customization on reports.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/bluetooth-in-automotive-market-1262
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
Contact Us:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Related link
Bluetooth in Automotive Market Research Report - Global Forecast till 2027
@ https://www.marketresearchfuture.com/reports/bluetooth-in-automotive-market-1262
0 notes
businessindustry · 3 months
Text
Urban Rail Transit Market Application, CAGR Status, Growth 2024-2032
Tumblr media
The Reports and Insights, a leading market research company, has recently releases report titled “Urban Rail Transit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2031.” The study provides a detailed analysis of the industry, including the global Urban Rail Transit Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Urban Rail Transit Market?
The global urban rail transit market is expected to register a revenue CAGR of 4.8% during the forecast period.
What are Urban Rail Transit?
Urban rail transit is a public transportation system primarily operating within urban areas, using railway tracks or guided pathways. It encompasses modes like subways, metros, light rail, and tram systems, offering efficient and rapid transportation for passengers in cities and their surrounding areas. These transit systems are crucial for easing traffic congestion, cutting pollution, and providing a sustainable transportation option. They play a pivotal role in improving urban mobility, linking residential and commercial areas, and fostering economic growth in urban regions.
Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/2056
What are the growth prospects and trends in the Urban Rail Transit industry?
The urban rail transit market growth is driven by various factors. The market for urban rail transit is thriving, propelled by factors like increasing urbanization, population growth, and the demand for sustainable transportation solutions. Urban rail transit systems, which encompass subways, metros, light rail, and tram systems, are being widely embraced to alleviate traffic congestion, lower carbon emissions, and enhance urban mobility. Government initiatives to invest in public transportation infrastructure, along with technological advancements, are further stimulating market growth. Additionally, the trend toward smart cities and the integration of digitalization and automation in rail transit systems are expected to boost market expansion. However, challenges such as high initial costs, lengthy planning and construction timelines, and regulatory obstacles may impede market growth to some extent. Hence, all these factors contribute to urban rail transit market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By System Type:
Metro/Subway
Light Rail Transit (LRT)
Trams/Streetcars
Monorail
Commuter Rail
Technology:
Conventional Rail Systems
Rapid Transit Systems
Automated Train Control Systems
Signaling Systems
Ticketing and Fare Collection Systems
Component:
Rolling Stock (Trains, Locomotives)
Infrastructure (Tracks, Stations, Depots)
Control Systems (Signaling, Communication)
Services (Maintenance, Operation)
Others (Ticketing, Safety Systems)
Application:
Public Transportation
Tourist Transportation
Freight Transportation (Metro Freight)
Intermodal Connectivity
Transit-Oriented Development
End User:
Government and Public Authorities
Private Operators
Construction and Infrastructure Companies
Passengers and Commuters
Investors and Stakeholders
Segmentation By Region:
North America:
United States
Canada
Europe:
Germany
The U.K.
France
Spain
Italy
Russia
Poland
BENELUX
NORDIC
Rest of Europe
Asia Pacific:
China
Japan
India
South Korea
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Argentina
Middle East & Africa:
Saudi Arabia
South Africa
United Arab Emirates
Israel
Who are the key players operating in the industry?
The report covers the major market players including:
Siemens Mobility
Alstom
Bombardier Transportation
CRRC Corporation Limited
Hitachi Rail
Kawasaki Heavy Industries
Hyundai Rotem
CAF - Construcciones y Auxiliar de Ferrocarriles
Ansaldo STS
Stadler Rail
Talgo
Knorr-Bremse AG
Thales Group
Wabtec Corporation
Mitsubishi Heavy Industries
View Full Report: https://www.reportsandinsights.com/report/Urban Rail Transit-market
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
Reports and Insights Business Research Pvt. Ltd. 1820 Avenue M, Brooklyn, NY, 11230, United States Contact No: +1-(347)-748-1518 Email: [email protected] Website: https://www.reportsandinsights.com/ Follow us on LinkedIn: https://www.linkedin.com/company/report-and-insights/ Follow us on twitter: https://twitter.com/ReportsandInsi1
0 notes
adityarana1687-blog · 3 years
Text
Automated Fare Collection Market Expected To Achieve Lucrative Growth By 2025
The global automated fare collection market size is expected to reach USD 19.89 billion by 2025 registering a CAGR of 13.6% from 2019 to 2025, according to a new report by Grand View Research, Inc. Growing adoption of digital technologies to improve transaction processing speed and to reduce issues associated with cash handling and ticket management is anticipated to remain one of the leading factors driving the market.
Focus of governments on the performance optimization of existing public transit systems, such as subways, buses, trams, and metros, is also expected to boost the usage of technology-driven AFC systems for digital transaction processing and payment management. Increasing penetration of the technology has provided transit system operators an effective way to reduce counter congestions, operational costs, waiting time, and cash leakage issues often faced in traditional fare collection systems. This has also facilitated hassle-free and convenient travel experiences for commuters.
Rising awareness about these benefits is compelling transit operators to replace conventional physical ticketing machines and toll booths with contactless AFC systems. The data generated by such systems is further used in implementing a data-driven network optimization approach for public transit systems. Public transit network operators were able to capitalize on the unutilized capacity of the trains by using a data-driven model. Emerging countries in Asia Pacific, such as India and China, are also in the process of implementing similar systems to enable operators to dynamically plan and optimize ticket prices.
To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/automated-fare-collection-afc-system-market
Further key findings from the study suggest:
Software segment is said to register the maximum CAGR over the forecast years due to rising focus of transit system operators on deploying integrated AFC systems covering multiple transportation modes
Near Field Communication (NFC) technology segment is anticipated to gain traction owing to its superior transaction speed, contactless payment capability, and higher adoption by transit operators
Railways & transportation application will witness the highest CAGR from 2019 to 2025 due to the development of railway and highway infrastructure networks in emerging countries, such as India
Asia Pacific to expand at the highest CAGR of 17.1% from 2019 to 2025 due to rapid urbanization and rising need for deploying faster payment processing systems due to increasing number of commercial vehicles and daily commuters
Key companies in the global AFC market include Cubic Corp., Advanced Card Systems Ltd., Atos SE, Indra Sistemas SA, GMV, LG CNS, LECIP Holdings Corp., Omron Corp., Masabi Ltd., NXP Semiconductors N.V., Nippon Signal Co., Ltd., Samsung SDS Co., Ltd., Siemens AG, Telexis B.V., Singapore Technologies Engineering Limited, Scheidt & Bachmann GmbH, Thales Group, Trapeze Group, Vix Technology, UL Identity Management & Security, and Thales Group
Grand View Research has segmented the global Automated Fare Collection market on the basis of component, technology, system, application, and region:
Automated Fare Collection Component Outlook (Revenue, USD Million, 2014 - 2025)
Hardware
Software
Automated Fare Collection Technology Outlook (Revenue, USD Million, 2014 - 2025)
Smart Card
Magnetic Stripe
Near Field Communication (NFC)
Optical Character Recognition (OCR)
Automated Fare Collection System Outlook (Revenue, USD Million, 2014 - 2025)
Ticket Vending Machine (TVM)
Ticket Office Machine (TOM)
Fare Gates
IC Cards
Automated Fare Collection Application Outlook (Revenue, USD Million, 2014 - 2025)
Railways & Transportation
Parking
Entertainment
Others
Automated Fare Collection Regional Outlook (Revenue, USD Million, 2014 - 2025)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
U.S.
Canada
France
Germany
Poland
Russia
U.K.
Australia
China
India
Japan
Brazil
Mexico
Saudi Arabia
UAE
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
0 notes
daisyri-me · 3 years
Text
Key Development Strategies Adopted by the Leading Player for the Growth of the  Automated Fare Collection (AFC) Market
The global Automated Fare Collection (AFC) Market is expected to display higher growth rate over the next seven years. Rapid surge in the automated fare collection industry is credited to the growing need for hassle free and efficient transportation systems. An automated fare collection (AFC) system comprises of several components, which are used to perform automated ticket collection. The automated fare ticketing system is majorly utilized for public transportation network that is also termed as an automated version of manual fare collection. The automated fare collection (AFC) systems are based on integrated ticketing phenomenon.
Get Exclusive Free Sample Copy Of This Report @ https://www.millioninsights.com/industry-reports/automated-fare-collection-afc-market/request-sample
Globally, automated fare collection market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the AFC market. Automated fare collections systems are increasingly used for local public transport, railways, taxi services and rental cars. Other applications of automated fare collection include vehicle charging station and airports. Strong economic growth and increasing infrastructure investment, particularly in the Asia Pacific region is expected to fuel market growth over the forecast period. In addition, implementation of several infrastructure development project in the public sector and civil developments in the developing economies across the globe is expected to offer lucrative growth opportunities for industry participants in the upcoming years.
Rise in research & development activities coupled with vertical integration among system providers and transit agencies are anticipated to pave a way for market growth in the near future. Substantial increase in number of transit agencies such as airports, railways and parking are fostering market growth of automated fare collection over the coming years.
Furthermore, declined cost and cheaper operation rates is estimated to stimulate the growth of automated fare collection (AFC) industry over the forecast period. Familiarity with new technology such as smart card, contactless technology and electronic payment is predicted to positively affect market performance across the globe.
Automated fare collection (AFC) market is broadly categorized into four major segments based on the system technology type such as ticket vending machine, ticket office machine, fare gates and IC cards. The ticket vending machine segment is growing rapidly in the automated fare collection industry with substantial revenue generation in the last few years.
Growing popularity of the ticket vending machine segment is attributed to the higher market penetration and improved cost efficiency. The fare gates segment has also witnessed substantial growth owing to the check fare evaders in railways, transit avenues and metro stations. The automated fare collection market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in transportation sector, surge in number of research & development activities in the region and existence of well-established industrial infrastructure.
Asia-Pacific region is estimated to hold major market share in automated fare collection with massive growth in forecast period. Countries such as Japan, South Korea, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising disposable income, growing infrastructure spending by local governments, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the automated fare collection (AFC) industry are Cubic Systems Corp., Omron Corp., Thales Group, Inc., Advance Cards Systems Ltd., Atos SE, Fare Logistics Corp., LG Corp., NXP Semiconductor N.V., and Samsung SDS.
Complete Report Available @ https://www.millioninsights.com/industry-reports/automated-fare-collection-afc-market
Market Segment:
AFC Market Technology Outlook (Revenue, USD Million, 2014 - 2025)     • Smart Card     • Magnetic Strip     • NFC     • OCR
AFC Market Component Outlook (Revenue, USD Million, 2014 - 2025)     • Hardware     • Software
Get in touch
At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.
Contact Person:
Ryan Manuel
Research Support Specialist, USA
0 notes
article-research · 3 years
Text
Smart Cards Automated Fare Collection Systems Market Size, Share, Growth Opportunity and Trends by Growing CAGR Till 2026
Tumblr media
The global Smart Cards Automated Fare Collection Systems Market report offers a comprehensive assessment of the market for the forecast years. The report contains several segments and an analysis of the market trends and growth factors that are playing a vital role in the market. These factors encompass the drivers, restraints, and opportunities. This globe industry offers an outlook on the strategic development of the market in terms of revenue profits over the forecast period 2021-2026.
The key market players for the global Smart Cards Automated Fare Collection Systems market are listed below:
Cubic Corporation
Xerox
Scheidt & Bachmann
The Nippon Signal
Huaming
Omron Corporation
LECIP
INIT
Thales Group
GFI Genfare
GRG Banking
Shanghai Potevio Company Limited
Huahong Jitong
Gunnebo
GMV
Others
Click here to get a FREE Sample Copy of the Smart Cards Automated Fare Collection Systems Market Research Report @ https://www.decisiondatabases.com/contact/download-sample-24969
The Global Smart Cards Automated Fare Collection Systems Market Report is equipped with market data from 2016 to 2026. The report gives a market overview covering key drivers and risk factors. The report is bifurcated by top global manufactures mentioning sales, revenue, and prices as applicable. It also evaluates the competitive scenario of the leading players. The report expands to cover regional market data along with type and application. The report forecasts sales and revenue from 2021 to 2026. The detailed sales channel is also covered in the study.
COVID-19 Impact Analysis on Smart Cards Automated Fare Collection Systems Market
The global pandemic COVID-19 has affected the Smart Cards Automated Fare Collection Systems market directly or indirectly. This study covers a separate section giving an explicitly clear understanding of the aftereffects of this pandemic. The detailed study highlights the probable outcomes of this global crisis on the Smart Cards Automated Fare Collection Systems industry. The impact study on production, supply-demand, and sales provides a holistic approach to the future.
Do You Have Any Query Or Report Customization? Ask Our Market Expert @ https://www.decisiondatabases.com/contact/ask-questions-24969
Why Purchase this Report?
A robust research methodology has been followed to collect data for the report. Data, thus collected passes through multiple quality checks to ensure the best quality is served.
The report gives a holistic view of the competitive scenario of the Smart Cards Automated Fare Collection Systems market
The latest product launches along with technological changes and development are covered in the report.
The data analysis in the report helps in understanding the anticipated Smart Cards Automated Fare Collection Systems market dynamics from 2021 to 2026.
DecisionDatabases has a vast repository of data, therefore, we can accommodate customized requirements also.
The graphs, tables and pie charts, and info-graphics covered in the report will help in a better understanding of the report.
The market drivers, restraints, upcoming opportunities, and anticipated restraints cited in the report will assist in making an informed decision.
To better understand the market scenario, the Smart Cards Automated Fare Collection Systems market is segmented as below:
By Types:
Farebox
Ticket Vending Machines (TVM)
Validator
By Applications:
Off-Board
On-Board
By Regions:
North America (U.S., Canada, Mexico)
Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
Latin America (Brazil, Rest of L.A.)
The Middle East and Africa (Turkey, GCC, Rest of Middle East)
The content of the study subjects includes a total of 14 chapters:
Chapter 1: To describe Smart Cards Automated Fare Collection Systems product scope, market overview, market opportunities, market driving force, and market risks. Chapter 2: To profile the top manufacturers of Smart Cards Automated Fare Collection Systems, with price, sales, revenue, and global market share of Smart Cards Automated Fare Collection Systems in 2018 and 2019. Chapter 3: The Smart Cards Automated Fare Collection Systems competitive situation, sales, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4: The Smart Cards Automated Fare Collection Systems breakdown data are shown at the regional level, to show the sales, revenue, and growth by region, from 2015 to 2020. Chapter 5 and 6: To segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020. Chapter 7, 8, 9, 10 & 11: To break the sales data at the country level, with sales, revenue, and market share for key countries in the world, from 2016 to 2021 and Smart Cards Automated Fare Collection Systems market forecast, by regions, type, and application, with sales and revenue, from 2021 to 2026. Chapter 12, 13 & 14: To describe Smart Cards Automated Fare Collection Systems sales channel, distributors, customers, research findings and conclusion, appendix, and data source.
Directly Purchase the Complete Global Smart Cards Automated Fare Collection Systems Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-24969
About Us:
DecisionDatabases.com is a global business research report provider, enriching decision-makers, and strategists with qualitative statistics. DecisionDatabases.com is proficient in providing syndicated research reports, customized research reports, company profiles, and industry databases across multiple domains. Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise, and meaningful data at a lightning speed.
For more details: DecisionDatabases.com E-Mail: [email protected] Phone: +91 90 28 057900 Web: https://www.decisiondatabases.com/
Referral Source - https://view.publitas.com/decisiondatabases-com-_vzxge7jabyb/smart-cards-automated-fare-collection-systems-market-research-report-from-2021-to-2026/
0 notes
kenresearchcompany · 3 years
Text
Global Electric Truck Market - Share, Growth, Trends, Size and Forecast 2021 - 2027
Buy Now
The global electric truck market is projected to grow at a compound annual growth rate (CAGR) of 32.3% during the forecast period 2021-2027, according to the new report published by Gen Consulting Company.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into ‘Global Electric Truck Market 2021-2027’. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, company share of market leaders, growth rate and market segments.
Tumblr media
The electric truck market is segmented on the basis of propulsion, vehicle type, range, and region. The electric truck market is segmented as below:
By Propulsion:
- Battery Electric Truck
- Fuel-Cell Electric Truck
- Hybrid Electric Truck
- Plug-In Hybrid Electric Truck
By Vehicle Type:
- Heavy-Duty Electric Truck
- Light-Duty Electric Truck
- Medium-Duty Electric Truck
By Range:
- 0-150 miles
- 151-300 miles
- 300 miles above
By Region:
- Asia-Pacific
- Europe
- North America
- Middle East and Africa (MEA)
- South America
Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDc2MzU2
The electric truck industry is characterized by a high level of market share concentration. The market research report covers the analysis of key stake holders of the electric truck market. Some of the leading players profiled in the report include AB Volvo, BYD Company Ltd., Daimler AG, Dongfeng Motor Group Co., Ltd., Man SE, Scania AB, Tesla, Inc., among others.
Historical & Forecast Period
This research report provides analysis for each segment from 2017 to 2027 considering 2020 to be the base year.
Scope of the Report
- To analyze and forecast the market size of the global electric truck market.
- To classify and forecast the global electric truck market based on propulsion, vehicle type, range, and region.
- To identify drivers and challenges for the ‘Global Electric Truck Market’.
- To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global electric truck market.
- To conduct pricing analysis for the global electric truck market.
- To identify and analyze the profile of leading players operating in the global electric truck market.
For More Information, refer to below link:-
Global Electric Truck Market Revenue 2021-2027
Related Reports
Global Platform Screen Door System Market Sales
Global Automated Fare Collection System Market 2021-2027
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
0 notes
udaycmi · 3 years
Link
According to a new report published by Polaris Market Research the worldwide Automated Fare Collection (AFC) market is anticipated to reach around USD 13,594 million by 2026. In 2017, the smart cards segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global automated fare collection market.
The increasing need to automate ticketing systems for public and private transportation majorly drives the market growth. Organizations are gradually adopting automated fare collection systems to increase efficiency, and easy management of high volume of commuters. The growing need to reduce frauds in public transportation further accelerates the adoption of the AFC systems. Other factors driving the market growth include growing need to reduce operational costs, increase profitability, and enhance traveler experience. New emerging markets, increasing acceptance of cashless payments, and growing need to reduce environmental pollution are factors expected to influence the market in the coming years.
Get Sample copy of this report: https://www.polarismarketresearch.com/industry-analysis/automated-fare-collection-market/request-for-sample
The increasing investments in R&D and rapid development of public infrastructure in developing countries of Asia-Pacific and Latin America support the growth of automated fare collection systems. Governments across the world are collaborating with leading market players for installation of AFC systems in airports, and railways. Technological advancements in electronic payment, Near-Field Communication (NFC), and contactless payment technologies provide numerous growth opportunities in the global market. Market players are introducing affordable and highly efficient automated fare collection systems in the market to cater to the growing market demands.
North America is expected to lead the global AFC market during the forecast period. Significant investment by governments to improve the public transport infrastructure coupled with stringent regulations regarding transportation drive the growth of automated fare collection in this region. Technological advancement and introduction of advanced systems by the market players has increased their acceptance in the region. Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, and increasing investments in public infrastructure. Expansion of global players into these countries to tap market potential boosts the market growth.
The well-known companies profiled in the report include Thales Group, Longbow Technologies S/B, Cubic Corporation, Advanced Card Systems Holdings Limited, Atos SE, Indra Sistemas SA, UL Transaction Security, Siemens AG, Samsung SDS Co. Ltd., GMV Innovating Solutions, Masabi Ltd., and Omron Corporation among others. These companies introduced new technologies and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of the consumers.
Request For Discount: https://www.polarismarketresearch.com/industry-analysis/automated-fare-collection-market/request-for-discount-pricing
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world
Contact us
Polaris Market Research
Phone: 1-646-568-9980
Web: www.polarismarketresearch.com
0 notes
newsbulletin · 3 years
Text
Automated Fare Collection Market Analysis And Growth By Top Companies, Forecast 2026
Tumblr media
New York, NY 11 May 2021: According to a new report published by Polaris Market Research the worldwide Automated Fare Collection (AFC) market is anticipated to reach around USD 13,594 million by 2026. In 2017, the smart cards segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global automated fare collection market.
The increasing need to automate ticketing systems for public and private transportation majorly drives the market growth. Organizations are gradually adopting automated fare collection systems to increase efficiency, and easy management of high volume of commuters. The growing need to reduce frauds in public transportation further accelerates the adoption of the AFC systems. Other factors driving the market growth include growing need to reduce operational costs, increase profitability, and enhance traveler experience. New emerging markets, increasing acceptance of cashless payments, and growing need to reduce environmental pollution are factors expected to influence the market in the coming years.
The increasing investments in R&D and rapid development of public infrastructure in developing countries of Asia-Pacific and Latin America support the growth of automated fare collection systems. Governments across the world are collaborating with leading market players for installation of AFC systems in airports, and railways. Technological advancements in electronic payment, Near-Field Communication (NFC), and contactless payment technologies provide numerous growth opportunities in the global market. Market players are introducing affordable and highly efficient automated fare collection systems in the market to cater to the growing market demands.
Request For Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/automated-fare-collection-market/request-for-sample
North America is expected to lead the global AFC market during the forecast period. Significant investment by governments to improve the public transport infrastructure coupled with stringent regulations regarding transportation drive the growth of automated fare collection in this region. Technological advancement and introduction of advanced systems by the market players has increased their acceptance in the region. Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, and increasing investments in public infrastructure. Expansion of global players into these countries to tap market potential boosts the market growth.
The various types of technologies used in automated fare collection system include Near-Field Communication (NFC), Optical Character Recognition (OCR), smart cards, and magnetic strips.  The smart cards segment is expected to lead the market during the forecast period owing to increasing popularity of cashless transactions. NFC is expected to grow at the highest CAGR during the forecast period.
To get Incredible Discounts on this Premium Report, Click At : https://www.polarismarketresearch.com/industry-analysis/automated-fare-collection-market/request-for-discount-pricing
The well-known companies profiled in the report include Thales Group, Longbow Technologies S/B, Cubic Corporation, Advanced Card Systems Holdings Limited, Atos SE, Indra Sistemas SA, UL Transaction Security, Siemens AG, Samsung SDS Co. Ltd., GMV Innovating Solutions, Masabi Ltd., and Omron Corporation among others. These companies introduced new technologies and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of the consumers.
Have Any Query or Specific Requirement? Request for customization: https://www.polarismarketresearch.com/industry-analysis/automated-fare-collection-market/request-for-customization
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Web: http://www.polarismarketresearch.com
0 notes
sandlerresearch · 3 years
Text
Smart Ticketing Market by Component (Hardware, Software, and Services), Application (Parking and Transportation (Roadways, Railways, and Airways), and Sports and Entertainment), Organization Size, and Region - Global Forecast to 2026 published on
https://www.sandlerresearch.org/smart-ticketing-market-by-component-hardware-software-and-services-application-parking-and-transportation-roadways-railways-and-airways-and-sports-and-entertainment-organization-size-and.html
Smart Ticketing Market by Component (Hardware, Software, and Services), Application (Parking and Transportation (Roadways, Railways, and Airways), and Sports and Entertainment), Organization Size, and Region - Global Forecast to 2026
The rising adoption of contactless payments and the growing adoption of wearable technologies are expected to drive the overall growth of the smart ticketing market across the globe.
The global smart ticketing market size is projected to grow from USD 7.2 billion in 2020 to USD 16.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 14.5% during the forecast period. The smart ticketing market is gaining traction due to affordable access to rapid transit with the help of smart transit systems, huge demand for smart ticketing from sports, entertainment, and tourism industries, advanced technologies in the smart ticketing systems, rising adoption of contactless payments, upsurge in the intelligent transportation market, and growing adoption of wearable technologies.
Based on application, the parking and transportation segment is expected to hold a larger market share during the forecast period
The parking and transportation segment is projected to account for a larger market share from 2020 to 2026. The mobility requirements of the public are growing. Therefore, there is demand for the intelligent networking of mobility platforms that contribute toward reducing traffic congestion and improving efficiencies during peak times and to support better travel experiences.  The smart ticketing systems enable passengers to load tickets or credit before their travel, thereby speeding up boarding times and reducing queues.  Airports, shopping centers, and hospitals are building large parking spaces. To increase parking capacities, digital platforms for parking management are deployed. The digitization of the parking industry is turning vehicle license plate numbers into parking tickets.
Based on Organization size, the SMEs segment to grow at the highest CAGR during the forecast period
SMEs segment is expected to grow at the highest CAGR during the forecast period as these organizations are focused on the deployment of smart ticketing solutions to improve competitiveness, reduce operating costs, and increase their revenue. With advancements in ticketing technologies and intense competition among vendors, the cost of automating the ticketing system is declining. This, in turn, would enable SMEs to adopt smart ticketing solutions and services in the near future. Governments are partnering with SMEs with a view to promoting the use of smart technology solutions in specific industries, such as transportation in Denmark and tourism in New Zealand.
Asia Pacific (APAC) region to record the highest growth in the smart ticketing market
APAC is expected to grow at the highest CAGR during the forecast period owing to the presence of emerging economies such as China, India, Indonesia, Malaysia, and Thailand. These countries are focusing on building smart cities due to strong economic growth, the rise in population, and rapid urbanization. APAC countries are also attracting investments, promoting new technologies, and developing innovative solutions to improve the quality of life. There is an emphasis on the development of advanced and interoperable automated fare collection systems, such as smart cards and NFC-enabled devices, to increase both the efficiency of transport systems and ridership by giving commuters a smooth travel experience. Developed countries such as Japan and Singapore are focusing on technology-enabled transport systems by making heavy technology investments.
By Company Type: Tier 1 – 30%, Tier 2 – 45%, and Tier 3 – 25%
By Designation: C-level – 40%, Directors – 40%, and Others – 20%
By Region: North America – 40%, Europe – 30%, APAC – 20%, and Rest of the World (RoW)– 10%
This research study outlines the market potential, market dynamics, and major vendors operating in the smart ticketing market. Key and innovative vendors in the smart ticketing market includeACT (England), Atsuke (France), Cammax (England), Conduent (US), Confidex (Finland), Corethree (England), Cubic (US), Flowbird Group (France), Giesecke+Devrient (Germany), HID Global (US), Hitachi Rail (Italy), IDEMIA (France), Indra (Spain), Infineon Technologies (Germany), INIT (Germany), LIT Transit (Slovenia), Masabi (England), NXP Semiconductors (Netherland), PayiQ (Finland), Scheidt & Bachmann (Germany), SecuTix (Switzerland), Siemens (Germany), Thales (France), Ticketer (England), and Xerox (US).
Research coverage
The market study covers the smart ticketing market across different segments. It aims at estimating the market size and the growth potential of this market across different segments based on components (hardware, software, and services), application, organization size, and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key benefits of buying the report  
The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall smart ticketing market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
0 notes
businessindustry · 4 months
Text
Urban Rail Transit Market Application, CAGR Status, Growth 2024-2032
Tumblr media
The Reports and Insights, a leading market research company, has recently releases report titled “Urban Rail Transit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2031.” The study provides a detailed analysis of the industry, including the global Urban Rail Transit Market Forecast share, size, trends, and growth. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Urban Rail Transit Market?
The global urban rail transit market is expected to register a revenue CAGR of 4.8% during the forecast period.
What are Urban Rail Transit?
Urban rail transit is a public transportation system primarily operating within urban areas, using railway tracks or guided pathways. It encompasses modes like subways, metros, light rail, and tram systems, offering efficient and rapid transportation for passengers in cities and their surrounding areas. These transit systems are crucial for easing traffic congestion, cutting pollution, and providing a sustainable transportation option. They play a pivotal role in improving urban mobility, linking residential and commercial areas, and fostering economic growth in urban regions.
Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/2056
What are the growth prospects and trends in the Urban Rail Transit industry?
The urban rail transit market growth is driven by various factors. The market for urban rail transit is thriving, propelled by factors like increasing urbanization, population growth, and the demand for sustainable transportation solutions. Urban rail transit systems, which encompass subways, metros, light rail, and tram systems, are being widely embraced to alleviate traffic congestion, lower carbon emissions, and enhance urban mobility. Government initiatives to invest in public transportation infrastructure, along with technological advancements, are further stimulating market growth. Additionally, the trend toward smart cities and the integration of digitalization and automation in rail transit systems are expected to boost market expansion. However, challenges such as high initial costs, lengthy planning and construction timelines, and regulatory obstacles may impede market growth to some extent. Hence, all these factors contribute to urban rail transit market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By System Type:
Metro/Subway
Light Rail Transit (LRT)
Trams/Streetcars
Monorail
Commuter Rail
Technology:
Conventional Rail Systems
Rapid Transit Systems
Automated Train Control Systems
Signaling Systems
Ticketing and Fare Collection Systems
Component:
Rolling Stock (Trains, Locomotives)
Infrastructure (Tracks, Stations, Depots)
Control Systems (Signaling, Communication)
Services (Maintenance, Operation)
Others (Ticketing, Safety Systems)
Application:
Public Transportation
Tourist Transportation
Freight Transportation (Metro Freight)
Intermodal Connectivity
Transit-Oriented Development
End User:
Government and Public Authorities
Private Operators
Construction and Infrastructure Companies
Passengers and Commuters
Investors and Stakeholders
Segmentation By Region:
North America:
United States
Canada
Europe:
Germany
The U.K.
France
Spain
Italy
Russia
Poland
BENELUX
NORDIC
Rest of Europe
Asia Pacific:
China
Japan
India
South Korea
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Argentina
Middle East & Africa:
Saudi Arabia
South Africa
United Arab Emirates
Israel
Who are the key players operating in the industry?
The report covers the major market players including:
Siemens Mobility
Alstom
Bombardier Transportation
CRRC Corporation Limited
Hitachi Rail
Kawasaki Heavy Industries
Hyundai Rotem
CAF - Construcciones y Auxiliar de Ferrocarriles
Ansaldo STS
Stadler Rail
Talgo
Knorr-Bremse AG
Thales Group
Wabtec Corporation
Mitsubishi Heavy Industries
View Full Report: https://www.reportsandinsights.com/report/Urban Rail Transit-market
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
Reports and Insights Business Research Pvt. Ltd. 1820 Avenue M, Brooklyn, NY, 11230, United States Contact No: +1-(347)-748-1518 Email: [email protected] Website: https://www.reportsandinsights.com/ Follow us on LinkedIn: https://www.linkedin.com/company/report-and-insights/ Follow us on twitter: https://twitter.com/ReportsandInsi1
0 notes