
Smart Cards Automated Fare Collection Systems Market by Component (Hardware, Software), Type (Off-Board, On-Board), Deployment - Global Forecast 2024-2030
Description
Smart Cards Automated Fare Collection Systems Market by Component (Hardware, Software), Type (Off-Board, On-Board), Deployment - Global Forecast 2024-2030
The Smart Cards Automated Fare Collection Systems Market size was estimated at USD 9.67 billion in 2023 and expected to reach USD 10.73 billion in 2024, at a CAGR 11.36% to reach USD 20.56 billion by 2030.
Global Smart Cards Automated Fare Collection Systems MarketSmart cards automated fare collection systems primarily focus on developing, distributing, and implementing advanced electronic ticketing solutions for public transport systems. These systems use contactless smart cards or digital payment methods to facilitate seamless fare collection and passenger management. These systems are designed to streamline operations, reduce fraud, enhance security, gather valuable data on ridership patterns, and improve overall user experience. The increasing urbanization with an upsurge in public transportation usage, significant consumer preference for cashless transactions, and supportive government policies promoting sustainable mobility solutions have encouraged the use of smart cards automated fare collection systems. The high initial investment and maintenance costs, lack of interoperability between different transportation modes & regional systems, data privacy & security concerns, the slower adoption rate in some developing countries due to inadequate infrastructure, and the complexity of integration with existing ticketing platforms have limited the usage of smart cards automated fare collection systems. However, the latest potential opportunities to integrate emerging technologies to enhance functionality by providing real-time insights have expanded product availability and deployment. The ongoing strategic alliance among the market players to enable dynamic pricing models, improve reliability & security aspects, automate maintenance processes through predictive analytics, and offer personalized travel experiences using machine learning algorithms are expected to create growth opportunities for smart cards automated fare collection systems market in the coming years.Regional InsightsThe smart cards automated fare collection systems usage in the Americas is rapidly growing owing to the adoption of contactless payment methods and government initiatives for digital transportation infrastructures. The developed economies in the region are increasingly adopting smart card technology for public transport payments. Europe and the Middle East are highly evolving markets for smart cards automated fare collection systems owing to increasing government investments in transportation infrastructure and ongoing advancements in smart cards automated fare collection systems. Asia-Pacific (APAC) is experiencing rapid growth in smart card automated fare collection systems adoption due to increasing urbanization and technological advancements. The emerging economies in the Asia-Pacific region card are highly adopting smart cards automated fare collection systems to offer convenience and modernize the transportation infrastructure through regional transportation projects.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Smart Cards Automated Fare Collection Systems Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Smart Cards Automated Fare Collection Systems Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Smart Cards Automated Fare Collection Systems Market, highlighting leading vendors and their innovative profiles. These include Advanced Card Systems Ltd., AGS Transact Technologies Ltd., Atos SE, Cubic Corporation, Genfare, GMV Innovating Solutions, S.L., GRG Banking Equipment (HK) Co., Ltd., Gunnebo AB, Hitachi, Ltd., Identity Automation, Indra Sistemas SA, innovation in traffic systems SE, LECIP ARCONTIA AB, LG CNS Co., Ltd., Longbow Solutions Sdn. Bhd., Masabi Ltd., NEC Corporation, Nippon Signal Co. Ltd., NXP Semiconductors N.V., Scheidt & Bachmann GmbH, Singapore Technologies Engineering Ltd., Thales Group, Trapeze Group, and Vix Technology.
Market Segmentation & Coverage
This research report categorizes the Smart Cards Automated Fare Collection Systems Market to forecast the revenues and analyze trends in each of the following sub-markets:
Component
Hardware
Software
Type
Off-Board
On-Board
Deployment
Bus Transit
Entertainment
Parking
Railways & Transportation
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
1. What is the market size and forecast of the Smart Cards Automated Fare Collection Systems Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Smart Cards Automated Fare Collection Systems Market?
3. What are the technology trends and regulatory frameworks in the Smart Cards Automated Fare Collection Systems Market?
4. What is the market share of the leading vendors in the Smart Cards Automated Fare Collection Systems Market?
5. Which modes and strategic moves are suitable for entering the Smart Cards Automated Fare Collection Systems Market?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
187 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Smart Cards Automated Fare Collection Systems Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising demand for hassle-free and efficient transportation systems
- 5.1.1.2. Preference of high data-storage capacity of systems
- 5.1.1.3. Favorable government initiatives towards expansion of transport infrastructure
- 5.1.2. Restraints
- 5.1.2.1. High installation and maintenance costs
- 5.1.3. Opportunities
- 5.1.3.1. Advancements in fare collection technologies
- 5.1.3.2. Strategic alliances and investments for capacity expansion
- 5.1.4. Challenges
- 5.1.4.1. Issues related to interoperability and standardization
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework
- 6. Smart Cards Automated Fare Collection Systems Market, by Component
- 6.1. Introduction
- 6.2. Hardware
- 6.3. Software
- 7. Smart Cards Automated Fare Collection Systems Market, by Type
- 7.1. Introduction
- 7.2. Off-Board
- 7.3. On-Board
- 8. Smart Cards Automated Fare Collection Systems Market, by Deployment
- 8.1. Introduction
- 8.2. Bus Transit
- 8.3. Entertainment
- 8.4. Parking
- 8.5. Railways & Transportation
- 9. Americas Smart Cards Automated Fare Collection Systems Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Smart Cards Automated Fare Collection Systems Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Smart Cards Automated Fare Collection Systems Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. FPNV Positioning Matrix
- 12.2. Market Share Analysis, By Key Player
- 12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Agreement, Collaboration, & Partnership
- 12.3.1.1. Smart Ticketing System MyWay+ Coming to ACT
- 12.3.2. New Product Launch & Enhancement
- 12.3.2.1. Delhi Government to Launch Smart Mobility Cards for E-Ticket Purchase in Metro, DTC buses
- 12.3.2.2. Hitachi 360Pass Offers Smart Ticketing for Transport in Genoa
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.1.1. Advanced Card Systems Ltd.
- 13.1.2. AGS Transact Technologies Ltd.
- 13.1.3. Atos SE
- 13.1.4. Cubic Corporation
- 13.1.5. Genfare
- 13.1.6. GMV Innovating Solutions, S.L.
- 13.1.7. GRG Banking Equipment (HK) Co., Ltd.
- 13.1.8. Gunnebo AB
- 13.1.9. Hitachi, Ltd.
- 13.1.10. Identity Automation
- 13.1.11. Indra Sistemas SA
- 13.1.12. innovation in traffic systems SE
- 13.1.13. LECIP ARCONTIA AB
- 13.1.14. LG CNS Co., Ltd.
- 13.1.15. Longbow Solutions Sdn. Bhd.
- 13.1.16. Masabi Ltd.
- 13.1.17. NEC Corporation
- 13.1.18. Nippon Signal Co. Ltd.
- 13.1.19. NXP Semiconductors N.V.
- 13.1.20. Scheidt & Bachmann GmbH
- 13.1.21. Singapore Technologies Engineering Ltd.
- 13.1.22. Thales Group
- 13.1.23. Trapeze Group
- 13.1.24. Vix Technology
- 13.2. Key Product Portfolio
- 14. Appendix
- 14.1. Discussion Guide
- 14.2. License & Pricing
- FIGURE 1. SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET RESEARCH PROCESS
- FIGURE 2. SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, 2023 VS 2030
- FIGURE 3. SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET DYNAMICS
- FIGURE 7. SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
- FIGURE 8. SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
- FIGURE 10. SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, BY DEPLOYMENT, 2023 VS 2030 (%)
- FIGURE 12. SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, BY DEPLOYMENT, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. AMERICAS SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 14. AMERICAS SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. UNITED STATES SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 16. UNITED STATES SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. ASIA-PACIFIC SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. ASIA-PACIFIC SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. EUROPE, MIDDLE EAST & AFRICA SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. EUROPE, MIDDLE EAST & AFRICA SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 22. SMART CARDS AUTOMATED FARE COLLECTION SYSTEMS MARKET SHARE, BY KEY PLAYER, 2023
Pricing
Currency Rates
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