Market Overview:
The global automated fare collection systems market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for automated fare collection systems in transport and logistics, media and entertainment, government, retail, and other applications. The near-field communication (NFC) technology is expected to hold the largest share of the global automated fare collection systems market during the forecast period owing to its growing popularity among transit authorities for contactless ticketing.
Product Definition:
An automated fare collection system (AFCS) is a type of ticketing system used in public transportation, such as buses, trams and trains. An AFCS allows passengers to purchase tickets or passes from a machine rather than from a conductor. The machines may be located at the entrances to stations and stops, on board vehicles or both.
Near-Field Communication:
Near-field communication (NFC) is a wireless technology used for transferring data between two devices in close proximity, typically within an arm's length. NFC enables mobile phones and other consumer electronic products to communicate with each other, for instance, by allowing the payment of transit tickets using mobile phones.
Global Near-Field Communication Systems Market Size, Share & Trends Analysis Report By Application (Transportation), By Region (North America [U.S.
Magnetic Stripes:
Magnetic stripes are narrow strips of magnetic material. They can be used in a variety of applications such as data storage, computer hard drives, and automatic fare collection systems. These can also be found in credit card processing machines and cash register tapes where they are used to record sales figures.
Application Insights:
The transport & logistics application segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The growing adoption of AFC systems in public transport, such as buses, trams, and metros across various regions is expected to drive growth. Furthermore, increasing investments by companies such as Microsoft Corporation., AlpInvest AG., Siemens AG., and Thales Group are likely to propel industry growth over the coming years.
The media & entertainment segment accounted for a significant revenue share in 2016 owing to an increase in spending on sports events like concerts and festivals where these systems are used for managing cash transactions on a large scale. For instance, at festivals like Glastonbury or Reading Rock Festivals thousands of people gather together resulting in high cash transactions that need to be managed efficiently using automated fare collection systems.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in transport infrastructure and technological advancements for better customer experience. Moreover, presence of prominent players such as American Public Transportation Association (APTA) that promotes, safeguards and enhances public transportation in the U.S.
Asia Pacific regional market captured a significant share owing to increasing penetration of automated fare collection systems through various government initiatives coupled with rising demand for improved passenger services on account of growing population.
Growth Factors:
- Increasing demand for public transportation: The increasing population and the subsequent increase in the number of vehicles on the road has resulted in traffic congestion and pollution. This has led to an increased focus on public transportation, which is expected to drive the growth of automated fare collection systems market.
- Government initiatives: Governments across the globe are investing in automated fare collection systems as it helps reduce traffic congestion and improve efficiency of public transportation system. For instance, In January 2017, Singapore’s Land Transport Authority announced plans to invest S0 million in a new generation ticketing system that will use contactless smart cards and mobile phones for payments. This is expected to drive the growth of automated fare collection systems market over the forecast period.
- Technological advancements: The introduction of new technologies such as near-field communication (NFC) and radio frequency identification (RFID) has helped fuel the growth of automated fare collection systems market as these technologies offer enhanced security features and convenience to users. For instance, NFC-enabled smartphones can be used for making payments at transit stations without having to fumble for change or tickets while RFID tags can be embedded into transit passes or cards which eliminates need for manual scanning by Fare Collection Officers thus speeding up transaction time at transit stations . These technological advancements are expected to propelthe growthofautomatedfarecollectionsystemsmarketovertheforecastperiod .
Scope Of The Report
Report Attributes
Report Details
Report Title
Automated Fare Collection Systems Market Research Report
By Type
Near-Field Communication, Magnetic Stripes, OCR, Smart Card, Other
By Application
Transport & Logistic, Media & Entertainment, Government, Retail, Other
By Companies
Advanced Card Systems Holdings, Thales Group, Omron, Vix Technology, Samsung, LG Corp, GMV, Cubic Corporation, Atos SE, Scheidt & Bachmann GmbH, Singapore Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Automated Fare Collection Systems Market Report Segments:
The global Automated Fare Collection Systems market is segmented on the basis of:
Types
Near-Field Communication, Magnetic Stripes, OCR, Smart Card, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transport & Logistic, Media & Entertainment, Government, Retail, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Advanced Card Systems Holdings
- Thales Group
- Omron
- Vix Technology
- Samsung
- LG Corp
- GMV
- Cubic Corporation
- Atos SE
- Scheidt & Bachmann GmbH
- Singapore Technologies
Highlights of The Automated Fare Collection Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Near-Field Communication
- Magnetic Stripes
- OCR
- Smart Card
- Other
- By Application:
- Transport & Logistic
- Media & Entertainment
- Government
- Retail
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automated Fare Collection Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automated fare collection systems are a type of ticketing system that allow transit operators to automatically collect fares from passengers using valid tickets. These systems can be used in both traditional and automated modes, and can be integrated with other transit services. Automated fare collection systems help reduce the amount of time needed to collect fares from passengers, as well as the number of staff required to do so.
Some of the major players in the automated fare collection systems market are Advanced Card Systems Holdings, Thales Group, Omron, Vix Technology, Samsung, LG Corp, GMV, Cubic Corporation, Atos SE, Scheidt & Bachmann GmbH, Singapore Technologies.
The automated fare collection systems market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automated Fare Collection Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automated Fare Collection Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automated Fare Collection Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automated Fare Collection Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automated Fare Collection Systems Market Size & Forecast, 2018-2028
4.5.1 Automated Fare Collection Systems Market Size and Y-o-Y Growth
4.5.2 Automated Fare Collection Systems Market Absolute $ Opportunity
Chapter 5 Global Automated Fare Collection Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automated Fare Collection Systems Market Size Forecast by Type
5.2.1 Near-Field Communication
5.2.2 Magnetic Stripes
5.2.3 OCR
5.2.4 Smart Card
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automated Fare Collection Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automated Fare Collection Systems Market Size Forecast by Applications
6.2.1 Transport & Logistic
6.2.2 Media & Entertainment
6.2.3 Government
6.2.4 Retail
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automated Fare Collection Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automated Fare Collection Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automated Fare Collection Systems Analysis and Forecast
9.1 Introduction
9.2 North America Automated Fare Collection Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automated Fare Collection Systems Market Size Forecast by Type
9.6.1 Near-Field Communication
9.6.2 Magnetic Stripes
9.6.3 OCR
9.6.4 Smart Card
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automated Fare Collection Systems Market Size Forecast by Applications
9.10.1 Transport & Logistic
9.10.2 Media & Entertainment
9.10.3 Government
9.10.4 Retail
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automated Fare Collection Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Automated Fare Collection Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automated Fare Collection Systems Market Size Forecast by Type
10.6.1 Near-Field Communication
10.6.2 Magnetic Stripes
10.6.3 OCR
10.6.4 Smart Card
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automated Fare Collection Systems Market Size Forecast by Applications
10.10.1 Transport & Logistic
10.10.2 Media & Entertainment
10.10.3 Government
10.10.4 Retail
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automated Fare Collection Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automated Fare Collection Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automated Fare Collection Systems Market Size Forecast by Type
11.6.1 Near-Field Communication
11.6.2 Magnetic Stripes
11.6.3 OCR
11.6.4 Smart Card
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automated Fare Collection Systems Market Size Forecast by Applications
11.10.1 Transport & Logistic
11.10.2 Media & Entertainment
11.10.3 Government
11.10.4 Retail
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automated Fare Collection Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Automated Fare Collection Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automated Fare Collection Systems Market Size Forecast by Type
12.6.1 Near-Field Communication
12.6.2 Magnetic Stripes
12.6.3 OCR
12.6.4 Smart Card
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automated Fare Collection Systems Market Size Forecast by Applications
12.10.1 Transport & Logistic
12.10.2 Media & Entertainment
12.10.3 Government
12.10.4 Retail
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automated Fare Collection Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automated Fare Collection Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automated Fare Collection Systems Market Size Forecast by Type
13.6.1 Near-Field Communication
13.6.2 Magnetic Stripes
13.6.3 OCR
13.6.4 Smart Card
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automated Fare Collection Systems Market Size Forecast by Applications
13.10.1 Transport & Logistic
13.10.2 Media & Entertainment
13.10.3 Government
13.10.4 Retail
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automated Fare Collection Systems Market: Competitive Dashboard
14.2 Global Automated Fare Collection Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advanced Card Systems Holdings
14.3.2 Thales Group
14.3.3 Omron
14.3.4 Vix Technology
14.3.5 Samsung
14.3.6 LG Corp
14.3.7 GMV
14.3.8 Cubic Corporation
14.3.9 Atos SE
14.3.10 Scheidt & Bachmann GmbH
14.3.11 Singapore Technologies
