Europe automated fare collection system market is expected to grow at a notable rate during the forecast period. One of the key factors that is anticipated to drive the market growth over the coming years is increasing demand for effective transportation systems in the region. In addition to this, rising utility of plastic money, real-time payments, and digital payment gateways like credit & debit cards and near field communication payment applications are further anticipated to bode well for the growth of automated fare collection system in the region. However, some factors that might act as major impediment to the market growth through 2025 include high installation and maintenance costs.
The Europe automated fare collection system market is segmented based on component, technology, end user industry, system type, region and company. Based on technology, the market can be segmented into
Major players operating in the Europe automated fare collection system market include Cubic Corporation, Indra, Thales Group, GMV, ST Electronics, ATOS, Longbow Technologies S/B, Samsung SDS, Genfare, Advanced Card Systems Holdings Limited and others.
Years considered for this report
Historical Years2015–2018
Base Year2019
Estimated Year2020
Forecast Period2021–2025
Objective of the Study
- To analyze and forecast the market size of Europe automated fare collection system market.
- To classify and forecast Europe automated fare collection system market based on component, technology, end user industry, system type, company and regional distribution.
- To identify drivers and challenges for Europe automated fare collection system market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Europe automated fare collection system market.
- To conduct pricing analysis for Europe automated fare collection system market.
- To identify and analyze the profile of leading players operating in Europe automated fare collection system market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the region. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the manufacturers, distribution channels and presence of all major players across the region.
Market Insights Research calculated the market size of
Key Target Audience
- Automated fare collection system manufacturers, suppliers and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to automated fare collection system
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
