AUTOMATED FARE COLLECTION SYSTEM MARKET ANALYSIS

Market News

Global Automated Fare Collection System Market: Key Developments

Major market players are focusing on product launches, in order to enhance their product portfolio.

• For instance, in June 2022 Seiko Epson Corporation, an electronic company, expanded its inertial measurement unit1 (IMU) lineup with the development of the M-G370PDG ("M-G370G"), an IMU equipped with a high-performance, six degrees of freedom sensor. The M-G370G will enter volume production in July 2023.
• For instance, in January 2023, TSC Printronix Auto ID (TSC), a renowned provider of barcode label printing solutions, announced a new collaboration with Distribution Management (DM), a prominent national distributor of print and imaging solutions. As part of the partnership, Distribution Management has been authorized to distribute TSC's range of top-quality, high-performance thermal printers in North America, along with OEM labels and supplies.
• In June 2023, SATO Holdings Corporation, plans to expand the use of renewable energy and promote energy efficiency and conservation in pursuing decarbonization. The company’s targets are to halve groupwide Scope 1 and 2 emissions from FY 2016 levels by FY 2030 and reach net zero by FY 2050.

Global Automated Fare Collection System Market: Key Companies Insights

Major players operating in the global Automated Fare Collection System market include Cubic Corporation, TSC Auto ID Technology Co., Ltd, TEC Corporation, Bixolon Co., Ltd, Citizen Holdings Co., Ltd., Star Micronics Co., Ltd, Seiko Epson Corporation, SATO Holdings Corporation, Brother International Corporation, and Others