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Global Automated Fare Collection System Market

Publisher Evolve Business Intelligence
Published Nov 01, 2024
Length 131 Pages
SKU # EVBI19331855

Description

Global Automated Fare Collection System Market


Global Automated Fare Collection System Market By Component (Hardware, Software), By Technology (Smart Card, Magnetic Stripe, Near-field communication (NFC), Optical Character Recognition (OCR)) By Application (Ticket Vending Machine (TVM), Fare Gates, IC Cards, Others), By End User (Railways & Transportation, Parking, Entertainment, Others) And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends And Forecast From 2020 to 2032

The Global Automated Fare Collection System Market was valued at $11.05 Billion in 2023 and is anticipated to grow at a CAGR of 14.40% from 2024 to 2034. This growth is attributed to several macro and microeconomic factors such as

Increasing Demand for Efficient Transportation Systems

The increasing demand for efficient transportation systems is a major driving factor for the global Automated Fare Collection (AFC) system market. As urban populations grow and transportation networks become more complex, there is a pressing need for seamless and convenient fare collection solutions. AFC systems offer significant advantages over traditional manual methods, including reduced wait times, faster boarding and alighting, and improved overall passenger experience. Additionally, these systems enable transportation authorities to collect accurate fare data, optimize service planning, and enhance revenue generation. The growing focus on cashless transactions and contactless technologies further fuels the demand for AFC systems, as they align with the evolving preferences of modern commuters.

Further several factors restraining the market growth include

High Initial Investment Costs

One of the primary challenges hindering the widespread adoption of AFC systems is the substantial initial investment costs. Implementing a comprehensive AFC system requires significant capital expenditure for hardware components like ticket vending machines, fare gates, and card readers, as well as advanced software for fare calculation, validation, and data management. Additionally, there are ongoing costs associated with system maintenance, upgrades, and cybersecurity measures. These high upfront and operational costs can be a significant barrier, particularly for smaller transportation authorities or developing regions with limited budgets.

Growing urbanization and commuter demand and collaborations and alliances in the Automated Fare Collection System market are expected to generate higher avenues during the forecast period.

In the wake of the COVID-19 pandemic, supply chain disruptions have led to supply shortages or lower demand in the Automated Fare Collection System market. The pandemic has caused a decline in new orders and a corresponding decrease in Componention.

This section will analyze how COVID-19 has impacted supply chains, leading to shortages and lower demand for Automated Fare Collection System.

In terms of COVID-19 impact, the Automated Fare Collection System market report also includes the following data points:

Impact on Automated Fare Collection System market size
Operating Weights Trend, Preferences, and Budget Impact
Regulatory Framework/Outdoor Policies
Key Players' Strategy to Tackle Negative Impact/Post-COVID Strategies
Opportunity in the Automated Fare Collection System market

Key Insight in the report:

The global Automated Fare Collection System market report covers an executive summary, market dynamics, COVID impact & post-COVID scenario, market size and forecast, competitive intelligence, market positioning, and end users.

Our report covers extensive competitive intelligence which includes the following data points:

Business Overview
Business Segment Data
Financial Data
Component Segment Analysis and Specification
Recent Development and Company Strategy Analysis
SWOT Analysis

Automated Fare Collection System Market Segmentation:

Component
Hardware
Software
Technology
Smart Card
Magnetic Stripe
Near-field communication (NFC)
Optical Character Recognition (OCR)
Application
Ticket Vending Machine (TVM)
Fare Gates
IC Cards
Others
End User
Railways & Transportation
Parking
Entertainment
Others

Region/ Countries Covered:

North America
US
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Spain
BeNeLux
Russia
Rest of Europe
Asia Pacific
China
Japan
Australia
India
South Korea
Malaysia
Thailand
Indonesia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Egypt
South Africa
Rest of Middle East & Africa

Key Players Analyzed in the Report:

LECIP HOLDINGS CORPORATION
Siemens
Accenture
Thales Group
OMRON Corporation
Scheidt & Bachmann GmbH
Indra Group
Cubic Transportation Systems, Inc.
Advanced Card Systems Ltd.
NIPPON SIGNAL CO., LTD

Table of Contents

131 Pages
CHAPTER 1. Executive Summary
CHAPTER 2. Scope of the Study
2.1. Market Definition
2.2. Market Scope & Segmentation
2.2.1. Objective of Report
CHAPTER 3. Evolve BI Methodology
3.1. Data Collection & Validation Approach
3.2. Market Size Estimation and Forecast
CHAPTER 4. Market Insights and Trends
4.1. Value Chain Analysis
4.1.1. Research & Development
4.1.2. Procurement
4.1.3. Production
4.1.4. End-User
4.2. Porter’s Five Forces Analysis
4.2.1. Bargaining Power of Buyers
4.2.2. Bargaining Power of Suppliers
4.2.3. Threat of New Entrant
4.2.4. Threat of Substitute
4.2.5. Industry Rivalry
4.3. Macro Economical Factor
CHAPTER 5. Market Dynamics
5.1. Introduction
5.2. Drivers
5.2.1. Increasing Demand for Efficient Transportation Systems
5.2.2. Shift Towards Cashless Payments
5.2.3. Government Initiatives and Smart City Developments
5.3. Restraints
5.3.1. High Initial Investment Costs
5.3.2. Data Security Concerns
5.4. Opportunity
5.4.1. Growing Urbanization and Commuter Demand
5.4.2. Advancements in Technology
5.4.3. Expansion into New Markets
CHAPTER 6. Global Automated Fare Collection System Market, By Product And Software & Software And Services
6.1. Introduction
6.1.1. Hardware
6.1.2. Software
CHAPTER 7. Global Automated Fare Collection System Market, By Technology
7.1. Introduction
7.1.1. Smart Card
7.1.2. Magnetic Stripe
7.1.3. Near-field communication (NFC)
7.1.4. Optical Character Recognition (OCR)
CHAPTER 8. Global Automated Fare Collection System Market, By Application
8.1. Introduction
8.1.1. Ticket Vending Machine (TVM)
8.1.2. Fare Gates
8.1.3. IC Cards
8.1.4. Others
CHAPTER 9. Global Automated Fare Collection System Market, By End User
9.1. Introduction
9.1.1. Railways & Transportation
9.1.2. Parking
9.1.3. Entertainment
9.1.4. Others
CHAPTER 10. Global Automated Fare Collection System Market, By Region
10.1. Introduction
10.2. North America
10.2.1. North America: Market Size and Forecast, By Country, 2021 – 2034 ($ Million)
10.2.2. North America: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.2.3. North America: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.2.4. North America: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.2.5. North America: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.2.6. US
10.2.6.1. U.S.: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.2.6.2. U.S.: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.2.6.3. U.S.: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.2.6.4. U.S.: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.2.7. Canada
10.2.7.1. Canada: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.2.7.2. Canada: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.2.7.3. Canada: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.2.7.4. Canada: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.2.8. Mexico
10.2.8.1. Mexico: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.2.8.2. Mexico: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.2.8.3. Mexico: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.2.8.4. Mexico: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.3. Europe
10.3.1. Europe: Market Size and Forecast, By Country, 2021 – 2034 ($ Million)
10.3.2. Europe: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.3.3. Europe: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.3.4. Europe: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.3.5. Europe: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.3.6. U.K.
10.3.6.1. U.K.: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.3.6.2. U.K.: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.3.6.3. U.K.: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.3.6.4. U.K.: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.3.7. Germany
10.3.7.1. Germany: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.3.7.2. Germany: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.3.7.3. Germany: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.3.7.4. Germany: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.3.8. France
10.3.8.1. France: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.3.8.2. France: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.3.8.3. France: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.3.8.4. France: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.3.9. Italy
10.3.9.1. Italy: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.3.9.2. Italy: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.3.9.3. Italy: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.3.9.4. Italy: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.3.10. Spain
10.3.10.1. Spain: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.3.10.2. Spain: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.3.10.3. Spain: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.3.10.4. Spain: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.3.11. BeNeLux
10.3.11.1. BeNeLux: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.3.11.2. BeNeLux: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.3.11.3. BeNeLux: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.3.11.4. BeNeLux: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.3.12. Russia
10.3.12.1. Russia: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.3.12.2. Russia: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.3.12.3. Russia: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.3.12.4. Russia: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.3.13. Rest of Europe
10.3.13.1. Rest of Europe: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.3.13.2. Rest of Europe: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.3.13.3. Rest of Europe: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.3.13.4. Rest of Europe: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.4. Asia Pacific
10.4.1. Asia Pacific: Market Size and Forecast, By Country, 2021 – 2034 ($ Million)
10.4.2. Asia Pacific: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.4.3. Asia Pacific: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.4.4. Asia Pacific: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.4.5. Asia Pacific: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.4.6. China
10.4.6.1. China: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.4.6.2. China: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.4.6.3. China: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.4.6.4. China: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.4.7. Japan
10.4.7.1. Japan: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.4.7.2. Japan: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.4.7.3. Japan: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.4.7.4. Japan: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.4.8. Australia
10.4.8.1. Australia: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.4.8.2. Australia: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.4.8.3. Australia: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.4.8.4. Australia: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.4.9. India
10.4.9.1. India: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.4.9.2. India: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.4.9.3. India: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.4.9.4. India: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.4.10. South Korea
10.4.10.1. South Korea: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.4.10.2. South Korea: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.4.10.3. South Korea: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.4.10.4. South Korea: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.4.11. Malaysia
10.4.11.1. Malaysia: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.4.11.2. Malaysia: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.4.11.3. Malaysia: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.4.11.4. Malaysia: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.4.12. Thailand
10.4.12.1. Thailand: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.4.12.2. Thailand: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.4.12.3. Thailand: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.4.12.4. Thailand: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.4.13. Indonesia
10.4.13.1. Indonesia: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.4.13.2. Indonesia: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.4.13.3. Indonesia: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.4.13.4. Indonesia: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.4.14. Rest of Asia Pacific
10.4.14.1. Rest of Asia Pacific: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.4.14.2. Rest of Asia Pacific: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.4.14.3. Rest of Asia Pacific: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.4.14.4. Rest of Asia Pacific: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.5. South America
10.5.1. South America: Market Size and Forecast, By Country, 2021 – 2034 ($ Million)
10.5.2. South America: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.5.3. South America: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.5.4. South America: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.5.5. South America: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.5.6. Brazil
10.5.6.1. Brazil: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.5.6.2. Brazil: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.5.6.3. Brazil: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.5.6.4. Brazil: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.5.7. Argentina
10.5.7.1. Argentina: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.5.7.2. Argentina: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.5.7.3. Argentina: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.5.7.4. Argentina: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.5.8. Rest of South America
10.5.8.1. Rest of South America: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.5.8.2. Rest of South America: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.5.8.3. Rest of South America: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.5.8.4. Rest of South America: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.6. Middle East & Africa
10.6.1. Middle East & Africa: Market Size and Forecast, By Country, 2021 – 2034 ($ Million)
10.6.2. Middle East & Africa: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.6.3. Middle East & Africa: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.6.4. Middle East & Africa: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.6.5. Middle East & Africa: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.6.6. Saudi Arabia
10.6.6.1. Saudi Arabia: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.6.6.2. Saudi Arabia: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.6.6.3. Saudi Arabia: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.6.6.4. Saudi Arabia: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.6.7. UAE
10.6.7.1. UAE: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.6.7.2. UAE: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.6.7.3. UAE: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.6.7.4. UAE: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.6.8. Egypt
10.6.8.1. Egypt: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.6.8.2. Egypt: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.6.8.3. Egypt: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.6.8.4. Egypt: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.6.9. South Africa
10.6.9.1. South Africa: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.6.9.2. South Africa: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.6.9.3. South Africa: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.6.9.4. South Africa: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
10.6.10. Rest of Middle East & Africa
10.6.10.1. Rest of Middle East & Africa: Market Size and Forecast, By Component, 2021 – 2034 ($ Million)
10.6.10.2. Rest of Middle East & Africa: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million)
10.6.10.3. Rest of Middle East & Africa: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
10.6.10.4. Rest of Middle East & Africa: Market Size and Forecast, By End User, 2021 – 2034 ($ Million)
CHAPTER 11. Competitive Landscape
11.1. Competitior Benchmarking 2023
11.2. Market Share Analysis, 2022
11.3. Key Developments Analysis By Top 5 Companies
11.4. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players
CHAPTER 12. Company Profiles
12.1. LECIP HOLDINGS CORPORATION
12.1.1. Business Overview
12.1.2. Financial Analysis
12.1.2.1. Business Segment Revenue, 2023
12.1.3. Product Portfolio
12.2. Siemens
12.2.1. Business Overview
12.2.2. Financial Analysis
12.2.2.1. Business Segment Revenue, 2023
12.2.2.2. Geographic Revenue Mix, 2023
12.2.3. Product Portfolio
12.2.4. Recent Development and Strategies Adopted
12.2.5. SWOT Analysis
12.3. Accenture
12.3.1. Business Overview
12.3.2. Financial Analysis
12.3.2.1. Business Segment Revenue, 2023
12.3.2.2. Geographic Revenue Mix, 2023
12.3.3. Product Portfolio
12.3.4. SWOT Analysis
12.4. Thales Group
12.4.1. Business Overview
12.4.2. Financial Analysis
12.4.2.1. Business Segment Revenue, 2023
12.4.2.2. Geographic Revenue Mix, 2023
12.4.3. Product Portfolio
12.4.4. SWOT Analysis
12.5. OMRON Corporation
12.5.1. Business Overview
12.5.2. Financial Analysis
12.5.2.1. Business Segment Revenue, 2023
12.5.2.2. Geographic Revenue Mix, 2023
12.5.3. Product Portfolio
12.6. Scheidt & Bachmann GmbH
12.6.1. Business Overview
12.6.2. Product Portfolio
12.6.3. Recent Development and Strategies Adopted
12.7. Indra Group
12.7.1. Business Overview
12.7.2. Financial Analysis
12.7.2.1. Business Segment Revenue, 2023
12.7.2.2. Geographic Revenue Mix, 2023
12.7.3. Product Portfolio
12.7.4. Recent Development and Strategies Adopted
12.7.5. SWOT Analysis
12.8. Cubic Transportation Systems, Inc.
12.8.1. Business Overview
12.8.2. Product Portfolio
12.8.3. Recent Development and Strategies Adopted
12.8.4. SWOT Analysis
12.9. Advanced Card Systems Ltd.
12.9.1. Business Overview
12.9.2. Product Portfolio
12.9.3. Recent Development and Strategies Adopted
12.10. NIPPON SIGNAL CO., LTD
12.10.1. Business Overview
12.10.2. Financial Analysis
12.10.2.1. Business Segment Revenue, 2023
12.10.3. Product Portfolio

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