Automated Fare Collection System Market will reach $12.9 million by 2 Automated Fare Collection System Market Forecast a | Page 5

Automated Bus Fare Collection system lead the market by
holding approx. 27% of the market share
The Automated bus fare collection segment generated a revenue of
$1.28 billion in 2016. Bus transportation services are flourishing in
metropolitan cities. New technologies like Bus Rapid Transit (BRT) are
using AFC technology. However the automated toll fare collection will
witness the highest CAGR of 13.9% as a result of an increase in the
construction of new expressways and highways.