Digital Fare Meters Market – Global Industry Size, Trends, Share, Revenue, Growth Rate and Forecast During 2019-2025

Digital Fare Meters Market 2019-2025

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.
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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 governments 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 valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Digital Fare Meters volume and value at global level, regional level and company level. From a global perspective, this report represents overall Digital Fare Meters market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Digital Fare Meters in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Digital Fare Meters manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
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
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Meters With Printers
Meters With Without Printers
Segment by Application
Auto Rickshaw
Taxi
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