According to a new report Asia Pacific Automated Fare Collection System Market, published by KBV research, the Asia Pacific Automated Fare Collection System Market would witness market growth of 18.2% CAGR during the forecast period (2020-2026).
The China market dominated the Asia Pacific Toll Automated Fare Collection System Market by Country 2019, and would continue to be a dominant market till 2026. The Japan market is exhibiting a CAGR of 18.7% during (2020 - 2026). Additionally, The India market is poised to grow at a CAGR of 20.1% during (2020 - 2026).
The Smart Card market dominated the South Korea Automated Fare Collection System Market by Technology Platform 2019, growing at a CAGR of 18.5 % during the forecast period. The Optical Character Recognition market is experiencing a CAGR of 18.7% during (2020 - 2026). Additionally, The Near Field Communication market would showcase CAGR of 20.2% during (2020 - 2026).
The Hardware market dominated the Malaysia Automated Fare Collection System Market by Component 2019, thereby, achieving a market value of $169.9 million by 2026, growing at a CAGR of 21 % during the forecast period. The Software market is expected to witness CAGR of 23.5% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/asia-pacific-automated-fare-collection-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the mentioned countries. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Omron Corporation, Atos Group, Dormakaba Holding AG, LG Corporation, NXP Semiconductors N.V., Samsung Electronics Co., Ltd. (Samsung Group), Thales Group S.A., Cubic Corporation, LECIP Holdings Corporation, and Scheidt & Bachmann GmbH.
By Technology Platform
By Component
By End-User
By Country
Companies Profiled
Unique Offerings from KBV Research
Unique Offerings 
