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(MoneyNewsWire.Net, October 05, 2018 ) 2018-2023 Global Smart Cards Automated Fare Collection Systems Market Report
Automatic Fare Collection System (AFC) is a contactless smartcard-based end-to-end solution for fare collection and payment. The state-of-the-art solution is uniquely designed with the demand of revenue services for modern transit operation in mind. Furthermore, with the advent of smartcard technology and proliferation of its business applications, AFC also enables transit operators to expand revenue opportunities, exploit the benefits of payment integration with other transit operators as well as non-transit service providers.
AFC System consists of Central Computer System, Station Computer System and Station Equipment.
Central Computer System
Central Computer System is the AFC management center which is responsible for generating reports, receiving ticketing data from station computer, sending control command, downloading system parameter and ticket price list to station computer.
Station Computer System
The primary role of the Station Computer is to provide the usage data collection, downloading of fare related parameters to the AFC equipment; control, monitoring and management of the AFC equipment. Its secondary role is to provide the station reports (if required) and support the sales office and customer service. It is able to function independently should there be a failure in the communication link with the central computer.
Station Equipment
These are all the front-end equipment/devices, which are used to serve the commuter. These consist of Ticket Vending Machines, Fare Gates, Booking Office Machines, Mobile and Hand-Held Terminals and Ticket Recharging Machines etc. Typically the requirement for each implementation may vary in terms of the quantity of the equipment/devices.
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Companies Profiled in this report includes: Cubic Corporation, The Nippon Signal, Omron Corporation, Scheidt & Bachmann, Thales Group, INIT, Huaming, Xerox, GFI Genfare, LECIP, Shanghai Potevio Company Limited, Gunnebo, GMV, Huahong Jitong, GRG Banking
Smart Cards generally support faster and more flexible fare collection systems. Contactless or Proximity Smart Cards permit faster processing times than magnetic stripe cards or contact smart cards. They also facilitate processing of differentiated fare structures such as time-based and distance-based fare structures and fare integration across several modes and operators. A hybrid or "dual-interface" smart card can expand the application of smart cards beyond transit.
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This report focus on the Station Equipment (terminal equipment) of Smart Cards Automated Fare Collection System.
Of the major players of Smart Cards Automated Fare Collection Systems, Cubic Corporation maintained its first place in the ranking in 2017. Cubic Corporation accounted for 21.39% of the Global Smart Cards Automated Fare Collection Systems revenue market share in 2017. Other players accounted for 13.00 % and 12.41 %, including The Nippon Signal and Omron Corporation.
On the basis of product type, the Validator segment is projected to account for the largest revenue share during the forecast period; this segment was estimated to account for 83.74 % revenue share in 2017.
In the applications, the Off-Board segment was estimated to account for the highest revenue share of 93.51% in 2017 and is expected to gain significant market share by the end of 2025.
Over the next five years, Publisher projects that Smart Cards Automated Fare Collection Systems will register a 9.6% CAGR in terms of revenue, reach US$ 1510 million by 2023, from US$ 870 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart Cards Automated Fare Collection Systems market by product type, application, key manufacturers and key regions.
Research objectives
To study and analyze the global Smart Cards Automated Fare Collection Systems consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Smart Cards Automated Fare Collection Systems market by identifying its various subsegments.
Focuses on the key global Smart Cards Automated Fare Collection Systems manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Smart Cards Automated Fare Collection Systems with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Smart Cards Automated Fare Collection Systems submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Content:
2018-2023 Global Smart Cards Automated Fare Collection Systems Consumption Market Report
1 Scope of the Report
2 Executive Summary
3 Global Smart Cards Automated Fare Collection Systems by Players
3.7 Mergers & Acquisitions, Expansion
4 Smart Cards Automated Fare Collection Systems by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global Smart Cards Automated Fare Collection Systems Market Forecast
12 Key Players Analysis
12.1 Cubic Corporation
12.1.1 Company Details
12.1.2 Smart Cards Automated Fare Collection Systems Product Offered
12.1.3 Cubic Corporation Smart Cards Automated Fare Collection Systems Sales, Revenue, Price and Gross Margin (2016-2018)
12.1.4 Main Business Overview
12.1.5 Cubic Corporation News
12.2 The Nippon Signal
12.2.1 Company Details
12.2.2 Smart Cards Automated Fare Collection Systems Product Offered
12.2.3 The Nippon Signal Smart Cards Automated Fare Collection Systems Sales, Revenue, Price and Gross Margin (2016-2018)
12.2.4 Main Business Overview
12.2.5 The Nippon Signal News
12.3 Omron Corporation
12.3.1 Company Details
12.3.2 Smart Cards Automated Fare Collection Systems Product Offered
12.3.3 Omron Corporation Smart Cards Automated Fare Collection Systems Sales, Revenue, Price and Gross Margin (2016-2018)
12.3.4 Main Business Overview
12.3.5 Omron Corporation News
12.4 Scheidt & Bachmann
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