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 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 is valued at xx million US$ in 2018 is expected to 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 focuses on several key regions: North America, Europe, China and Japan.
Key companies profiled in Digital Fare Meters Market report are Sansui Electronics, Pulsar Technologies, Precision Electronic Instruments,Pricol,Super Meter, MIJO AUTO Meter,Superb Meter, Automotive Techno and more in term of company basic information, Product Introduction, Application, Specification, Production, Revenue, Price and Gross Margin (2014-2019), etc.
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Table of Content
1 Digital Fare Meters Market Overview
2 Global Digital Fare Meters Market Competition by Manufacturers
3 Global Digital Fare Meters Production Market Share by Regions
4 Global Digital Fare Meters Consumption by Regions
5 Global Digital Fare Meters Production, Revenue, Price Trend by Type
6 Global Digital Fare Meters Market Analysis by Applications
7 Company Profiles and Key Figures in Digital Fare Meters Business
8 Digital Fare Meters Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global Digital Fare Meters Market Forecast
12 Research Findings and Conclusion
13 Methodology and Data Source