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MARKET OUTLOOK

As per Triton’s research on the automated fare collection system market in Europe, it is estimated that the market would register growth at a compound annual growth rate of 10.93% during the years 2021-2028. The United Kingdom, Italy, Spain, France, Russia, Germany, and Rest of Europe form the region’s market. 

The Paris transport travel card in France permits unlimited travel on bus, metro, tramway, and RER networks. This enables commuters to travel across the city without facing challenges with payments during the journey. Additionally, Navigo Easy, a new prepaid travel card, aims to reduce paper coupon metro tickets across the city. Here, the easy ticket card, along with cards for tourists, will assist in contactless and easy payments. Hence, the growing adoption of smart cards will widen the scope and growth of the automated fare collection system market across France over the forecast period. 

On the other hand, Metrebus Card is a monthly or annual subscription card valid for unlimited trips on public transport networks across the city of Rome in Spain. Here, commuters can recharge the cards with a monthly balance across any retail outlets equipped with POS. Additionally, the Province of Bolzano has set up an electronic ticketing system on all public transport networks, which supports easy payment and travel across all modes of transport. Thus, these factors are likely to open new avenues for the automated fare collection system market within Spain in the upcoming years. 

COMPETITIVE OUTLOOK 

Some of the prominent companies in the automated fare collection system market are Cubic Transportation Systems Inc, Atos SE, Scheidt & Bachmann GmbH, Lecip Holdings Corporation, and Omron Corporation.