Automated Fare Collection System Market in North America would register a CAGR of 14.9% during 2020-2026

Published Date: 12-Aug-2020

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According to a new report North America Automated Fare Collection System Market, published by KBV research, the North America Automated Fare Collection System Market would witness market growth of 14.9% CAGR during the forecast period (2020-2026).

The US market dominated the North America Near Field Communication Automated Fare Collection System Market by Country 2019, and would continue to be a dominant market till 2026. The Canada market is experiencing a CAGR of 18% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 17% during (2020 - 2026).

The Railway market dominated the Mexico Automated Fare Collection System Market by End Use 2019, thereby, achieving a market value of $202.1 million by 2026. The Toll market would exhibit a CAGR of 17.6% during (2020 - 2026). The Parking market is poised to grow at a CAGR of 18% during (2020 - 2026). Additionally, The Bus market is anticipated to witness CAGR of 18.1% during (2020 - 2026).

The Hardware market dominated the Canada Automated Fare Collection System Market by Component 2019, growing at a CAGR of 16.5 % during the forecast period. The Software market is expected to witness CAGR of 18.8% during (2020 - 2026).

Report Structural Insights: https://www.kbvresearch.com/north-america-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.

North America Automated Fare Collection System Market Segmentation

By Technology Platform

  • Smart Card
  • Optical Character Recognition
  • Near Field Communication
  • Others

By Component

  • Hardware
  • Software

By End-User

  • Railway
  • Toll
  • Parking
  • Bus
  • Others

By Country

  • US Automated Fare Collection System Market
  • Canada Automated Fare Collection System Market
  • Mexico Automated Fare Collection System Market
  • Rest of North America Automated Fare Collection System Market

Companies Profiled

  • 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
  • Scheidt & Bachmann GmbH

Unique Offerings from KBV Research

  • Exhaustive coverage
  • Highest number of market tables and figures
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  • Assured post sales research support with 10% customization free

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