EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET FORECAST 2020-2028

EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET FORECAST 2020-2028

  • April 2020 •
  • 148 pages •
  • Report ID: 5889466 •
  • Format: PDF
KEY FINDINGS
The Europe automated fare collection system market is evaluated to register a CAGR of 11.25% over the forecast period of 2020-2028. The factors such as minimization of cash handling and improvement of transportation safety augment the growth of automated fare collection systems.

MARKET INSIGHTS
The Europe automated fare collection system market is further researched by segregating the region into Germany, the UK, Belgium, Russia, France, Poland, Italy, and the rest of Europe that includes Norway, Sweden, and Denmark.In Russia, the most used travel card in Moscow is the Troika card, which can be used to pay on most of the city’s public transport systems.

A Visa or Master card can also be used to go directly through the baffle gates, and it is also possible to use Google Pay, Apple Pay, and Samsung Pay.Belgium has a cheap and efficient public transport network.

The MOBIB card can be utilized for the entire Belgian public transportation network. This card is not a ticket in itself, but one can upload different tickets for various modes of transport on this card.
In countries like Poland, smart card ticketing for public transport has been introduced in the cities in line with the international practice that offers convenience to the passenger, and savings to the operator through less cash handling, reduced fraud, and shorter dwell times at stops. The adoption of smart technologies in the automated fare collection system has been developing at a steady pace in the region of the rest of Europe.

COMPETITIVE INSIGHTS
Some of the prominent companies functioning in the region are Scheidt & Bachmann GmbH, Thales Group, Atos SE, NXP Semiconductors, Dormakaba Holding, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. THALES GROUP
2. LG CNS
3. OMRON CORPORATION
4. SAMSUNG SDS
5. SCHEIDT & BACHMANN GMBH
6. CUBIC TRANSPORTATION SYSTEMS INC
7. ATOS SE
8. DORMAKABA HOLDING
9. LECIP HOLDINGS CORPORATION
10. NXP SEMICONDUCTORS