AFC Systems Market in China: Trends, Drivers and Revenue Analysis

2015-05-21
Published : May-2015

Automatic fare collection (AFC) system is a faster, economical, efficient and user friendly method of operation in the industry that deals with a lot of customers. The application of this mechanism is widespread right from cover parking, ferry to road toll, bus, fastfood establishments, convenience stores and rail. The AFC systems are highly beneficial especially during the rush hours. Such systems enhance the management of records, operations and at the same time lessen the risk of cash management. Like the rest of the world China too is gaining momentum in AFC systems market. The application of this market is going beyond the transport industry to the banking and financial industry. Newer technologies like GRG AFC solution has been successfully implemented in many busy cities of China in Beijing, Guangzhou, Shenzhen and Nanjing.

For an overview on this market one can refer to AFC Systems Market in China 2015-2019 (http://www.sandlerresearch.org/afc-systems-market-in-china-2015-2019.html). According to experts AFC systems market in China is expected to grow at CAGR of 12.04% over 2014-2019. The report covers the important players of this market like GRG Banking Equipment, Shanghai Huahong Jitong Smart System, Shanghai Huaming Intelligent Terminal Equipment and Shanghai Potevio. There is a detail about the business profile of these companies with segmentation by revenue for 2013 and for 2013 vs 2012, business strategies, key facts, their recent developments and a SWOT analysis of the company. Other important players in the market and covered in this report are Advantech, China Academy of Railway Sciences (CARS), China National Software & Service, Chunlan, Cubic Transportation Systems (Beijing), Founder International, GaoXin Modern Intelligent System, Nanjing Thales Panda Transportation System, Samsung SDS China, Shandong New Beiyang Information Technology, Shanghai Huateng Software Systems and Shenzhen Modern Computer Manufacturer. The report includes segmentation by market size and forecast of the end-users of these services. The geographical segmentation includes primarily China with a summary of the APAC region.

With lot of support from the Chinese government the AFC systems market in China is foretasted to grow at a CAGR of 12.04% over 2014-2019 as per  the research data analysis. With more number of people opting for the rail transport the AFC Systems industry has seen a boost in China. The future trend shows an upsurge in the contactless solutions. The market increasingly welcomes more and more investments in the field of technology development for AFC Systems. The growth of this market is hindered by unprecedented system occurrences or requirements. The biggest need for the hour is to get a work done in the shortest possible time and the AFC systems fits in to this requirement.

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