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Reports Coverage
Automated Fare Collection System Market Key Insights
Automated Fare Collection System Market Analysis by Regions
Automated Fare Collection System Market Analysis by Segments
Automated Fare Collection System Market Size (current and future)
Automated Fare Collection System Market Competitive Benchmarking
a year ago
Global Public Transport Automated Fare Collection System Market Research Report 2023
This report aims to provide a comprehensive presentation of the global market for Public Transport Automated Fare Collection System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Public Transport Automat...
a year ago
Global Automated Fare Collection Market Size study, by Component (Hardware, Software) by Technology (Smart Card, Magnetic Stripe, Near Field Communication (NFC), Optical Character, Recognition (OCR)) by System (Ticket Vending Machine (TVM), Ticket Office Machine (TOM), Fare Gates, IC Card) by End Use (Railways & Transportation, Parking, Entertainment, Others) and Regional Forecasts 2021-2027
Global Automated Fare Collection Market is valued approximately USD 10.52 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 13.6 % over the forecast period 2021-2027. Automated Fare Collection (AFC) refers to a ticketing system in public transport where the fare is no longer paid directly but via through an automated system. The Fare is directly debited from ban...
2 years ago
Global Automated Fare Collection System Market Size, Share and Growth Analysis by Manufacturers, Type, Application and Region, 2015 - 2027
The Automated Fare Collection System market research report from Xinren Research is detailed study of Automated Fare Collection System industry. Xinren Research has recently published latest updates in Automated Fare Collection System market. The Automated Fare Collection System market is a key to understand dynamics and key trends in this industry. The Automated Fare Collection System report p...
Automated Fare Collection System Market
The global Automated Fare Collection System Market is expected to experience dramatic growth. It offers a convenient solution to long queues for public transport options and minimizes the time spent acquiring and checking tickets.
The market experienced a steep decline during the covid-19 pandemic due to the restricted consumer movement. As consumers worked from home, they didn’t utilize public transport options.
Consumers' lack of use of public transport resulted directly in the declining use of the Automated Fare Collection System. However, with the pandemic ending and consumers utilizing public transport again, the Automated Fare Collection System is also being used again.
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