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In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Bus Validator market for 2018-2023.
Bus Validator is a public reader that allows passengers to pay for their ticket with a smart card, significantly improving the way people pay for their ticket. It is designed by taking into account recognizability, readability, manageability, maintenance as well as integration with its surrounding environment, critical factors for public information devices increasingly becoming more and more common in the era of information.
There are mainly two type product of bus validator market: One-station validator and Multi-station validator.
Geographically, the global bus validator market has been segmented into North America, Europe, China, Japan, RoA and RoW. The Europe held the largest share in the global market, its revenue of global market exceeds 39% in 2017. The next is China.
Over the next five years, LPI(LP Information) projects that Bus Validator will register a 2.3% CAGR in terms of revenue, reach US$ 240 million by 2023, from US$ 210 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Bus Validator market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
- One-station Validator
- Multi-Station Validator
Segmentation by application:
- Public Traffic
- Other Transportation
This report also splits the market by region:
- - United States
- - Canada
- - Mexico
- - Brazil
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- - Germany
- - France
- - UK
- - Italy
- - Russia
- - Spain
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
- Huajie Electronic
- Scheidt & Bachmann
- LG CNS
- AEP Ticketing
- Access IS
- Huahong Jitong
- Krauth Technology
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
- To study and analyze the global Bus Validator consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Bus Validator market by identifying its various subsegments.
- Focuses on the key global Bus Validator manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Bus Validator with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Bus Validator submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.