Los Angeles, CA -- (SBWIRE) -- 12/23/2019 -- This report studies the Digital Fare Meters market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Digital fare meters are electronic devices which are installed in taxicabs and auto rickshaws, which is used to calculate fare on the basis of distance travelled and waiting time. The digital fare meters have ticket receipt printers embedded in them, GPS systems to assist with the location and safety of the travelers. Credit and prepaid card support, Bluetooth support for communication with smartphones and tablets and other electronic devices, USB support. GPS technology has been used in digital taxi meters in order to protect the citizens from overpaying. Initially the digital taxi meters were based on optical transducer but due to the difference in the timer in the measurement controller and the module the reading were inaccurate, and the taxi owners chose longer roots to fake the digital fare meter readings. With the digital meter the customers can get benefits of a printed copy and SMS notifications. The digital fare meter has three basic functions which are "for hire", "Hired" and "stopped". The digital fare meters have built-in real time clock for automatic transitions from day fare to night fare, as the fare prices change from day fare to night fare.

The global digital fare meter is driven by factors such as accurate reading, easy to install, temper proof, weather proof, high durability and easy compatibility. As the digital fare meters are low in maintenance they are widely preferred by end users. The demand for global digital fare meters is expected to increase due rules and regulations set by government's regulatory bodies. The restrain for the global digital fare meter would be the cab services offered by new market players which use online technology to calculate the fare such as android based fare meter.

The global Digital Fare Meters market was xx million US$ in 2017 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2018 and 2025.

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Global Digital Fare Meters Market: Competitive Rivalry

The chapter on company profiles studies the various companies operating in the global Digital Fare Meters market. It evaluates the financial outlooks of these companies, their research and development statuses, and their expansion strategies for the coming years. Analysts have also provided a detailed list of the strategic initiatives taken by the Digital Fare Meters market participants in the past few years to remain ahead of the competition.

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

Sansui Electronics

Pulsar Technologies

Precision Electronic Instruments

Pricol

Super Meter

MIJO AUTO Meter

Superb Meter

Automotive Techno

National Meter

Maruti Meter

Unique Digital Meters

Srisenthilnathan Meter Works

Ar.Micro Equipment

By the product type, the market is primarily split into

Meters With Printers

Meters With Without Printers

By the end users/application, this report covers the following segments

Auto Rickshaw

Taxi

Global Digital Fare Meters Market: Regional Segments

The chapter on regional segmentation details the regional aspects of the global Digital Fare Meters market. This chapter explains the regulatory framework that is likely to impact the overall market. It highlights the political scenario in the market and the anticipates its influence on the global Digital Fare Meters market.

- The Middle East and Africa (GCC Countries and Egypt)
- North America (the United States, Mexico, and Canada)
- South America (Brazil etc.)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

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Report Highlights

- Comprehensive pricing analysis on the basis of product, application, and regional segments

- The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Digital Fare Meters market

- Deep insights about regulatory and investment scenarios of the global Digital Fare Meters market

- Analysis of market effect factors and their impact on the forecast and outlook of the global Digital Fare Meters market

- A roadmap of growth opportunities available in the global Digital Fare Meters market with the identification of key factors

- The exhaustive analysis of various trends of the global Digital Fare Meters market to help identify market developments

Table of Contents

Report Overview: It includes six chapters, viz. research scope, major manufacturers covered, market segments by type, Digital Fare Meters market segments by application, study objectives, and years considered.

Global Growth Trends: There are three chapters included in this section, i.e. industry trends, the growth rate of key producers, and production analysis.

Digital Fare Meters Market Share by Manufacturer: Here, production, revenue, and price analysis by the manufacturer are included along with other chapters such as expansion plans and merger and acquisition, products offered by key manufacturers, and areas served and headquarters distribution.

Market Size by Type: It includes analysis of price, production value market share, and production market share by type.

Market Size by Application: This section includes Digital Fare Meters market consumption analysis by application.

Profiles of Manufacturers: Here, leading players of the global Digital Fare Meters market are studied based on sales area, key products, gross margin, revenue, price, and production.

Digital Fare Meters Market Value Chain and Sales Channel Analysis: It includes customer, distributor, Digital Fare Meters market value chain, and sales channel analysis.

Market Forecast – Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

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