Post-pandemic Era Global Automatic Fare Collection Systems Market Segment Research Report 2024
Published on: 2024-01-04 | No of Pages : 212 | Industry : Machinery & Equipment Research Center
Publisher : XMR | Format : PDF
Post-pandemic Era Global Automatic Fare Collection Systems Market Segment Research Report 2024
Summary
The global economy is expected to expand 5.6% in 2021,global recovery is strong but uneven as many emerging market and developing economies continue to struggle with the COVID-19 pandemic, the world is unlikely to ever reach global herd immunity. However, the recovery in many countries is being held back by a resurgence of COVID-19 cases and lagging vaccination progress, as well as the withdrawal of policy support in some instances.
The annual U.S. economic growth rate slipped to -3.5% in 2020, but grew at a yearly pace of more than 6% in the previous two quarters of 2021. The economy of continental Europe bounced back in the second quarter after having contracted in both the fourth quarter of 2020 and the first quarter of 2021, as the vaccinations accelerated, and governments eased restrictions. Among major economies, the annualized growth rate was 6.1% in Germany, 3.6% in France, 11.2% in Italy, and 11.7% in Spain. The especially rapid growth in Spain and Italy was attributed to a surge in consumer spending, likely the result of an easing of economic restrictions.
Regional Economic ProspectsGrowth in the East Asia and Pacific is projected to accelerate by 7.7% in 2021, Central Asia is forecast to grow by 3.9% this year, economic activity in the Middle East and North Africa is forecast to advance by 2.4%, South Asia is projected to expand by 6.8%.
The global Automatic Fare Collection Systems market size was USD XX billion in 2021. It is likely to progress at a CAGR of XX% during the forecast period of 2022-2027, according to MR Accuracy Reports analysis, The segment in Automatic Fare Collection Systems market is estimated to reach a market value of USD XX billion by 2021 from an initial market value of USD XX billion in 2021. China market value in 2021 is about USD XX billion, and China Automatic Fare Collection Systems production is XX (K Units). US market value in 2021 is about USD XX billion, and US Automatic Fare Collection Systems production is XX (K Units). Europe market value in 2021 is about USD XX billion, and Europe Automatic Fare Collection Systems production is XX (K Units).
Regional Segmentation (Value; Revenue, USD Million, 2017 - 2027) of Automatic Fare Collection Systems Market by MR Accuracy Reports Include
USA
Europe
China
Japan
India
Korea
Southeast Asia
Competitive Analysis; Who are the Major Players in Automatic Fare Collection Systems Market?
Advanced Card Systems
Atos
Cubic Transportation Systems
Fare Logistics
GMV
LG Corporation
NXP Semiconductors
Omron Corp
Samsung
Scheidt & Bachmann
Siemens
Sony Corporation
Singapore Technologies Electronics Limited
Thales Group
Trapeze Group
Vix Technology
Major Type of Automatic Fare Collection Systems Covered in MR Accuracy Reports report
Magnetic Strip
Smart Cards
Optical Character Recognition (OCR)
Application Segments Covered in MR Accuracy Reports Market
Subway Station
Cinema
Stadium
TRAIN STATION
Airport
Other
For any other requirements, please feel free to contact us and we will provide you customized report.
The global economy is expected to expand 5.6% in 2021,global recovery is strong but uneven as many emerging market and developing economies continue to struggle with the COVID-19 pandemic, the world is unlikely to ever reach global herd immunity. However, the recovery in many countries is being held back by a resurgence of COVID-19 cases and lagging vaccination progress, as well as the withdrawal of policy support in some instances.
The annual U.S. economic growth rate slipped to -3.5% in 2020, but grew at a yearly pace of more than 6% in the previous two quarters of 2021. The economy of continental Europe bounced back in the second quarter after having contracted in both the fourth quarter of 2020 and the first quarter of 2021, as the vaccinations accelerated, and governments eased restrictions. Among major economies, the annualized growth rate was 6.1% in Germany, 3.6% in France, 11.2% in Italy, and 11.7% in Spain. The especially rapid growth in Spain and Italy was attributed to a surge in consumer spending, likely the result of an easing of economic restrictions.
Regional Economic ProspectsGrowth in the East Asia and Pacific is projected to accelerate by 7.7% in 2021, Central Asia is forecast to grow by 3.9% this year, economic activity in the Middle East and North Africa is forecast to advance by 2.4%, South Asia is projected to expand by 6.8%.
The global Automatic Fare Collection Systems market size was USD XX billion in 2021. It is likely to progress at a CAGR of XX% during the forecast period of 2022-2027, according to MR Accuracy Reports analysis, The segment in Automatic Fare Collection Systems market is estimated to reach a market value of USD XX billion by 2021 from an initial market value of USD XX billion in 2021. China market value in 2021 is about USD XX billion, and China Automatic Fare Collection Systems production is XX (K Units). US market value in 2021 is about USD XX billion, and US Automatic Fare Collection Systems production is XX (K Units). Europe market value in 2021 is about USD XX billion, and Europe Automatic Fare Collection Systems production is XX (K Units).
Regional Segmentation (Value; Revenue, USD Million, 2017 - 2027) of Automatic Fare Collection Systems Market by MR Accuracy Reports Include
USA
Europe
China
Japan
India
Korea
Southeast Asia
Competitive Analysis; Who are the Major Players in Automatic Fare Collection Systems Market?
Advanced Card Systems
Atos
Cubic Transportation Systems
Fare Logistics
GMV
LG Corporation
NXP Semiconductors
Omron Corp
Samsung
Scheidt & Bachmann
Siemens
Sony Corporation
Singapore Technologies Electronics Limited
Thales Group
Trapeze Group
Vix Technology
Major Type of Automatic Fare Collection Systems Covered in MR Accuracy Reports report
Magnetic Strip
Smart Cards
Optical Character Recognition (OCR)
Application Segments Covered in MR Accuracy Reports Market
Subway Station
Cinema
Stadium
TRAIN STATION
Airport
Other
For any other requirements, please feel free to contact us and we will provide you customized report.