The global automated fare collection system market is predicted to garner $18378 million by 2028, growing at a CAGR of 11.51% during the forecast period. The base year considered for the study is 2019. The estimated period is between 2020 and 2028. The rising use of smartphones is a crucial driving force for the automated fare collection system market. Today, the total number of smartphone users globally have surpassed the three billion mark, and is estimated... Read more
The Asia Pacific automated fare collection system market is anticipated to record significant growth at a CAGR of 13.02% during the estimated period of 2020-2028. The factors contributing to the growth of the market in the region are the rise in approval of contactless smart cards, and the thriving e-commerce. The growth of the Asia Pacific automated fare collection system market is further analyzed by segregating the region into countries such as India, South Korea,... Read more
The European automated fare collection system market is anticipated to grow at a CAGR of 11.25% over the estimated period of 2020-2028. The factors favoring the market growth in the region are increased propagation of connected devices and traffic congestion. The Europe automated fare collection system market is surveyed on the basis of the markets situated in Russia, France, Poland, Germany, the UK, Belgium, Italy, and the rest of Europe. EUROPE AUTOMATED FARE COLLECTION SYSTEM... Read more
The North America automated fare collection system market is anticipated to register a CAGR of 10.50% during the forecast period of 2020-2028. The factors enhancing market growth in the region are technological advancements in contactless smart cards, heavy investments by the prominent players in the automated fare collection system solutions, and the launch of new products. In order to understand the North America automated fare collection system market growth, the region is divided into the United... Read more
According to Inkwood Research, the aftermarket ADAS market in GCC was valued at $XX million in 2018 & estimated to reach $338.56 million by 2027, with a CAGR of 12.67% during the forecast period. The base year considered for the study is 2018 & the estimated period is between 2019 and 2027.The aftermarket advanced driver assistance systems market is driven by the growing demand for safety features in automobiles. According to the RTA, UAE witnessed... Read more