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Connected Vehicles Market May Set New Growth Story | Broadcom, Chrysler, Honda

Connected Vehicles Market May Set New Growth Story | Broadcom, Chrysler, Honda
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Connected Vehicles Market May Set New Growth Story | Broadcom, Chrysler, Honda

Connected Vehicles Market May Set New Growth Story | Broadcom, Chrysler, Honda
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Automated Fare Collection System Market Worth $12 75 Bn, Globally, by 2027 at 11 6% CAGR: Allied Market Research

 by Application (Bus, Toll, Train, and Car Rental), Component (Hardware, and Software), and Technology Platform (Smart Card, Near Field Communications, Optical Character Recognition (OCR) and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.  According to the report, the global automated fare collection system industry was estimated at $6.63 billion in 2019, and is expected to hit $12.75 billion by 2027, registering a CAGR of 11.6% from 2020 to 2027. Drivers, restraints, and opportunities- Rise in the trend of contactless open payment, increasing demand for smartphones, enhanced transport infrastructure and security system, flexible fare plans, low manpower cost, and less operational time fuel the growth of the global automated fare collection system market. On the other hand, high installation and maintenance cost impede the growth to some extent. Nevertheless, surge in use of high-speed public transport, arrival of digitized payment, and global interopera

Wireless Communication Technology for Automotive Market– Key Data Points Mapped for Industry Professionals Trends Market Research – KSU

market outlook looks extremely promising is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope and application of this report. The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Wireless Communication Technology for Automotive Market: Continental, Qualcomm, NXP, Bosch, Huawei, Kapsch, Askey, Ficosa, Savari, LACROIX City, Cohda Wireless, Autotalks, Lear(Arada), Commsignia, Harman, Danlaw

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