Automotive & Transportation Industry Automated Fare Collection Market Report | Page 2

Your CatalystTo a Lucrative Business
The global market can be segmented by technologies, components, systems, system components, and regions.
Technologies are magnetic strip, smart Card, NFC, and OCR. Components consist of hardware software. Systems
include fare gates, ticket vending machine, ticket office machine, and IC cards. Market systems components are
ticket vending machine by component, ticket office machine by component, fare gates by component, and IC
cards by components.
Key regional segments in the market comprise North America, Europe, Asia-Pacific, the Middle East & Africa
(MEA), and Latin America. Europe dominates the total AFC market and is strongly follo wed by the North
American market due to a developed transportation communications.
The overall automated fare collection market is extremely competitive in nature. The key manufacturers are
NXP Semiconductor, Omron Corporation Thales Group, LG Corporation, Advance Cards Systems, Fare Logistics,
and Samsung SDS.
Strategic mergers & acquisitions and partnerships and are projected to be the most successful strategies for
market players to acquire a competitive benefit in the promising markets. Also, this will potentially augment
their technological capability. There has been a novel trend of partnerships among the transit service suppliers
and product makers for the integration and interoperability of systems.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/automotive-
and-transportation-industry
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