Global Bus Validator Is Expected To Grow At A CAGR Of 2.38% From 221.38 Million USD In 2018 To Reach 261.16 Million USD By 2025
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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.
The bus validator is expected to grow at a CAGR of 2.38% from 221.38 million USD in 2018 to reach 261.16 million USD by 2025 in global market. The bus validator market is concerted market; the revenue of top sixteen manufacturers accounts about 64% of the total revenue in 2018. The high-end products mainly come from USA and Europe.
The leading manufactures mainly are Parkeon, Lecip, Genfare, Busmatick and Cardlan. Parkeon is the largest manufacturer; its revenue of global market exceeds 13% in 2018.
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 2018. The next is China.