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(CityRegions.Com, August 01, 2018 ) 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.
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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.
Smart Cards 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.
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, LPI(LP Information) 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.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Farebox
Ticket Vending Machines (TVM)
Validator
Segmentation by application:
Off-Board
On-Board
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This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
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
Some of Major Point From TOC of Global Smart Cards Automated Fare Collection Systems Market 2018
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Smart Cards Automated Fare Collection Systems Consumption 2013-2023
2.1.2 Smart Cards Automated Fare Collection Systems Consumption CAGR by Region
2.2 Smart Cards Automated Fare Collection Systems Segment by Type
2.2.1 Farebox
2.2.2 Ticket Vending Machines (TVM)
2.2.3 Validator
2.3 Smart Cards Automated Fare Collection Systems Consumption by Type
2.3.1 Global Smart Cards Automated Fare Collection Systems Consumption Market Share by Type (2013-2018)
2.3.2 Global Smart Cards Automated Fare Collection Systems Revenue and Market Share by Type (2013-2018)
2.3.3 Global Smart Cards Automated Fare Collection Systems Sale Price by Type (2013-2018)
2.4 Smart Cards Automated Fare Collection Systems Segment by Application
2.4.1 Off-Board
2.4.2 On-Board
2.5 Smart Cards Automated Fare Collection Systems Consumption by Application
2.5.1 Global Smart Cards Automated Fare Collection Systems Consumption Market Share by Application (2013-2018)
2.5.2 Global Smart Cards Automated Fare Collection Systems Value and Market Share by Application (2013-2018)
2.5.3 Global Smart Cards Automated Fare Collection Systems Sale Price by Application (2013-2018)
Continued....
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