The global smart cards automated fare collection systems market is expected to grow from USD 862.57 million 2017 to USD 1,482.57 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 8.04%.

"Easy passenger boarding with improved accessibility and convenienceis one of the factors largely attributing to the growth of smart cards automated fare collection systems market globally"

The factors attributing to the growth of the market are easy passenger boarding with improved accessibility and convenience, need for advance fare collection and revenue services for modern transit operation, advent of smartcard technology and proliferation in fare collection and payment services, and need of affordable and efficient fare collection systems at public transport system. However, some factors such as complicated reader design and certification, and lack of universal standard for developers to design ensure global interoperability may hinder the market growth. The global smart cards automated fare collection systems market is expected to showcase the opportunities such as payment integration with other transit operators and non-transit service providers, and growing demand of smart transport systems. In the near future, the market may face the possible challenges in the growth due to change in primary customer relationship with transport operator, and increased costs of system failure. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global smart cards automated fare collection systems market market.

On the basis of component, the global smart cards automated fare collection systems market is studied across Functional Add-ons, Smart Card Ticketing, Ticketing Devices, Ticketing Software, and Ticketing as a Service.

On the basis of type, the global smart cards automated fare collection systems market is studied across Off-Board and On-Board.

On the basis of deployment, the global smart cards automated fare collection systems market is studied across Bus Transit, Entry Guard System, Metro Rail Transit, and Road toll & Parking.

On the basis of geography, the global smart cards automated fare collection systems market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia).

"Cubic Corporation: The potential growing player for the global smart cards automated fare collection systems market"

The key players profiled in the global smart cards automated fare collection systems market are Cubic Corporation, GFI Genfare, GMV, GRG Banking Solutions Private Ltd., Gunnebo AB, Init AS, Lecip Holdings Corporation, Nippon Signal Co., Ltd., OMRON Corporation, Scheidt & Bachmann GmbH, ShangHai Huahong Jitong Smart System Co., Ltd., Shanghai Huaming Intelligent Terminal Equipment Co., Ltd., Shanghai Potevio Co.,Ltd., Thales S.A., and Xerox Corporation.


The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global smart cards automated fare collection systems market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global smart cards automated fare collection systems market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global smart cards automated fare collection systems market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global smart cards automated fare collection systems market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global smart cards automated fare collection systems market.