Automated Fare Collection Market Is Expected To Reach USD 10.74 Billion By 2025: Grand View Research, Inc.

The global automated fare collection (AFC) market is expected to reach USD 10.74 billion by 2025 according to a new report by Grand View Research, Inc. Automated fare collection systems are the collective components which enable the automated ticketing system for public transportation network. They provide a stable and integrated platform for all the activities regarding the fare collection with equipment like automatic gate machine, ticket vending machine, and ticket checking machine. Automated fare collection systems are used in a number of high transit areas including government buildings, large commercial workplaces and public transport ports. The growing demand for an efficient, automated and hassle free transportation is fueling the need for automated fare collection systems.
The passenger traffic is growing by leaps and bounds worldwide due to ever rising population which in turn is pressurizing the government to initiate and implement new and innovative ways to manage the public transportation services. This is boosting the trend of automated fare collection in several countries as the government is investing increasingly in the infrastructure development. The need for automated, easy to use, and compact systems for everyday use is also driving the automated fare collection market as with recent technological advancements fare collection has become wireless and multifunctional.
There is growing demand for the automated fare collection systems owing to the developments in the metro infrastructures and increasing government investments from developing economies of Asia Pacific region. The ability of these systems to deliver better management, revenue generation, fraud prevention and better future planning are impelling the automated fare collection system markets.
The increasing use of wireless connections, smart-phone users, smart cards, contactless technology, and electronic payment is expected to append the growth of market. The growing adoption of smart technologies and strategic alliances of transportation agencies with technology providers to establish such services is further helping the market to grow.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/automated-fare-collection-afc-system-market

Further key findings from the report suggest:

·         The government initiatives and investment in development of public infrastructure is increasing at rapid rate with many countries opting for complete automation of their services and processes. This is creating a large demand for automated fare collection systems as they supplement the development of smart cities and efficient transportation systems.

·         With the large scale adoption of smart phones, smart cards, cashless transaction and new connectionless technology there is steady drift towards completely automated processes like revenue generation, traffic management tolling and fine implementation. This will further propel the automated fare collection market, more so, in the developing economies.

·         The global market is highly competitive. The major industry participants include Cubic Systems, Omron Corporation, Thales Group, Advance Cards Systems, Atos SE, Fare Logistics, LG Corporation, NXP Semiconductor, and Samsung SDS.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-transportation

Grand View Research has been segmented the automated fare collection market on the basis of technology, component, system, system components, and region: 
AFC Market Technology Outlook (Revenue, USD Million, 2014 - 2025)

·         Smart Card

·         Magnetic Strip

·         NFC

·         OCR

AFC Market Component Outlook (Revenue, USD Million, 2014 - 2025)

·         Hardware

·         Software

AFC Market System Outlook (Revenue, USD Million, 2014 - 2025)

·         Ticket Vending Machine

·         Ticket Office Machine

·         Fare Gates

·         IC cards

AFC Market System Component Outlook (Revenue, USD Million, 2014 - 2025)

·         Ticket Vending Machine by Component

·         Ticket Office Machine by Component

·         Fare Gates by Component

·         IC Cards by Components

AFC Market Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

·         Europe

·         Asia-Pacific

·         MEA

·         Latin America

For press release of this report - http://www.grandviewresearch.com/press-release/global-afc-systems-market

Agriculture Drones Market Was Valued At USD 193.4 Million In 2015 And Is Expected To Reach $3,770.0 Million By 2024: Grand View Research, Inc.

The global agriculture drone market is expected to reach USD 3,770.0 million by 2024, according to a new report by Grand View Research, Inc. The increasing technological advancements in equipment and for enhancing the quality of the farming techniques have led to the increased implementation of agriculture drones in the market.

Increasing automation in the agriculture process, owing to the labor crisis, such as lack of skilled farmers, aging farmers, is also expected to positively impact the market growth. A favorable shift in the regulatory policy is also expected to allow start-ups to operate in small and large farming operations and aid in disease & water management.

Innovations in the GPS mapping field coupled with the advancements in precision agriculture are expected to propel the industry growth over the forecast period. Drones have the potential to implement better plantation with crop rotation strategies and give crucial inputs related to the daily progress of crops which is further contributing to the growth.

The companies operating in the industry are designing and manufacturing systems that are collecting the data and are incorporating them into business models. which is further anticipated to enhance the industry growth. The data gathered from drones help the farmers to improve yields; supply water, fertilizer, or chemical when needed, and are also able to map their fields, check for signs of disease, monitor crop health, and save time in the process.

The scarcity of trained pilots for operating the drones may impact the market growth, although the market is expecting to overcome the scarcity, gradually, with the increasing applications of the drone.

Full research report on agriculture drone market analysis:  
http://www.grandviewresearch.com/industry-analysis/agriculture-drones-market

Further key findings from the report suggest:

·         The fixed wing agriculture drone is expected to remain as a key revenue generating segment over the forecast period. The hybrid agriculture drones are anticipated to witness enormous growth in the next 8 years, owing to their ability to carry heavy weights and hover over fields.

·         The crop scouting application is anticipated to drive the market growth over the forecast period, with the increasing application of crop spraying, which will further increase the yields and reduce the wastage of pesticides & fertilizers and crops.

·         The North America agriculture drones market is expected to remain the key revenue generating region with a prevalent share of the industry. The increasing adoption of the drones, in various applications including spraying, seeding, and livestock farming, has led to the enormous market share.

·         The Asia Pacific agriculture drone market is anticipated to witness a significant growth over the forecast period, owing to the increasing investments in R&D in the region.

·         The key players in the agriculture drone market include DJI Technology, Trimble Navigation Ltd., PrecisionHawk, Parrot SA, and 3D Robotics

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the agriculture drone market based on product type, application, and region:
Product Outlook (Transaction Revenue, USD Billion, 2014 - 2024)

·         Fixed wing

·         Rotary blade

·         Hybrid

Application Outlook (Transaction Revenue, USD Billion, 2014 - 2024)

·         Field mapping

·         Variable rate application

·         Crop scouting

·         Others

Regional Outlook (Transaction Revenue, USD Billion, 2014 - 2024)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-agriculture-drones-market

Software Defined Networking Market To Represent USD 7..41 Billion Opportunity Globally by 2024: Grand View Research, Inc.

The Global Solvent Market is expected to reach USD 31.63 billion by 2020, according to a new study by Grand View Research, Inc. Increasing demand for industrial solvents from pharmaceuticals and paints & coatings industry is expected to remain a key driving factor for the global market. Additionally, high infrastructure spending and positive industrial outlook in the emerging markets of Asia Pacific and Latin America is further expected to fuel solvent demand over the next six years.
Alcohol based solvents emerged as the leading product segment and accounted for 29.8% of total market volume in 2013. Along with being the largest product segment, alcohol based solvents is also expected to be the fastest growing products, at an estimated CAGR of 3.5% from 2014 to 2020. Alcohol based solvents were followed by hydrocarbons which are expected to exceed a market worth USD 8 billion by 2020.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/solvent-market

Further key findings from the study suggest:

• The global market for solvents was 18,303.2 kilo tons in 2013 and is expected to reach 22,973.4 kilo tons by 2020, growing at a CAGR of 3.3% from 2014 to 2020.

• Paints & coatings were the largest application segment for solvents and accounted for over 60% of total market volume in 2013. Along with being the largest application segment, paints & coatings are also expected to be the fastest growing application for solvents, at an estimated CAGR of 3.6% from 2014 to 2020. Growth of global paints and coatings industry is expected to drive the demand for solvents over the next six years.

• Asia Pacific continued its dominance in the global market and accounted for over 40% of total market volume in 2013. In addition of being the largest market, Asia Pacific is also expected to be the fastest growing regional market for solvents at an estimated CAGR of 3.7% from 2014 to 2020.

• The global market for solvents is moderately fragmented with top four companies including Dow Chemicals, Shell Chemicals, ExxonMobil and British Petroleum (BP) accounting for just over 45% of total market in 2013. Some other companies operating in the global market include BASF, Sasol Solvents, Celanese Corporation, Ashland Inc., Eastman Chemical Company and Solvay SA.

Read detailed report or request for sample of this research report: - http://www.grandviewresearch.com/industry-analysis/solvent-market/request

For the purpose of this study, Grand View Research has segmented the solvent market on the basis of product, application and region:
Global Solvent Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
            • Alcohols
            • Hydrocarbons
            • Ketones
            • Esters
            • Chlorinated
            • Others (including glycols and soy oil)
Global Solvent Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012-2020)
            • Paints & Coatings
            • Printing Inks
            • Pharmaceuticals
            • Cosmetics & Adhesives
            • Other (Deicing, Cleaning Agent)
Global Solvent Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
            • North America
            • Europe
            • Asia Pacific
            • RoW

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/organic-chemicals-and-compounds

Electric Scooters Market Is Expected To Reach USD 38.57 Billion By 2024: Grand View Research, Inc.

The global electric scooters market is expected to reach USD 38.57 billion by 2024, according to a new report by Grand View Research, Inc. As the automotive industry is growing, the uncertainty over the adoption of electric scooters is gaining importance as manufacturers are developing strategies to realize the full potential of the evolving electric two-wheeler industry. The introduction of home charging solutions and product related innovations are expected to boost the electric scooters revenue in the next eight years.
The role electric scooters are portraying in meeting the standards for zero emissions are enabling vendor to undertake a pragmatic step in reducing the emission gap by 2020. The consumption of electricity in these vehicles can be managed with proper planning by utilities, which is further mitigated by evolving technologies such as solar-powered vehicles and vehicle-to-grid.
The key players are focusing on innovations to expand their reach. For instance, Gogoro, Inc. is offering its customers battery-swapping network to offset the cost of purchasing an electric scooter. Moreover, the charging equipment manufacturers are collaborating with researchers and automakers to develop strategies that facilitate scooters’ access to clean energy from renewable sources. Automakers such as Yamaha Motor Corporation and Honda Motor Company are expected to enter into an alliance for electric scooters in the Japanese market inspite of growing compliances and emission regulations.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/electric-scooters-market
Further key findings from the report suggest:

·         The folding scooters areexpected to grow at a CAGR of over 14.5% from 2016 to 2024.The advent of the next-generation smart scooter technology and the need for product differentiation have propelled the demand for folding scooters.

·         The NiMH batteries are anticipated to grow significantly at a CAGR of over 12% from 2016 to 2024.Investment in R&D to improve the battery technology in order to decrease its production cost by USD 150 per kilowatt per hour and increase its energy density is expected to contribute to the growing demand.

·         The North America electric scooters market is expected to be the fastest-growing regionowing to increased prominence in the U.S. Rising investment in charging grids and infrastructures & research support for innovative battery models is also anticipated to contribute to the overall regional demand.

·         The key players in the electric scooters market include Vmoto Limited, Mahindra GenZe, Gogoro Inc. and Terra Motors Corporation. Manufacturers are investing heavily in R&D to improve the charging time and range of these vehicles. Some of the major manufactures such as Vmoto Limited have announced market expansion into the electric three-wheeled and four-wheeled vehicle ecosystem.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-transportation

Grand View Research has segmented the electric scooters market based on type, product, battery, voltage, and region:
Product Outlook (Revenue, USD Million, 2014 - 2024)

·         Retro

·         Standing/Self-balancing

·         Folding

Battery Outlook (Revenue & Volume, 2014 - 2024)

·         Sealed lead acid

·         NiMH

·         Li-Ion

Voltage Outlook (Revenue, USD Million, 2014 - 2024)

·         24V

·         36V

·         48V

·         Others

Regional Outlook (Revenue, USD Million, 2014 - 2024)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    UK

·         Asia Pacific

o    China

o    India

o    Japan

·         Latin America

o    Brazil

o    Mexico

·         MEA

For press release of this report - http://www.grandviewresearch.com/press-release/global-electric-scooters-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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