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Global AFC Systems Market 2015-2019

Global AFC Systems Market 2015-2019

About Automatic Fare Collection System

An automatic fare collection (AFC) system automates the ticketing system in transportation networks. The AFC system improves the transaction rate, provides affordable operations, and enables more efficient fare collection. It also helps to broaden the customer base for transport systems and establishments. The introduction of latest technologies such as contactless technology, smartcard, and electronic payment reduces the transaction risk and cost associated with handling cash. The AFC system provides service providers with better record management and more effective operation facilities.

TechNavio's analysts forecast the Global Automatic Fare Collection Systems market to grow at a CAGR of 1.39 percent over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the Global Automatic Fare Collection Systems market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the automatic fare collection systems software licenses, applications, services, and support and maintenance. The Global Automatic Fare Collection Systems market is divided into the following segments based on end-users: Government Sector, Healthcare Sector, Retail Sector, Telecommunication Sector, Education Sector, Corporate and Commercial Parks, BFSI Sector, and Construction Sector.

TechNavio's report, Global Automatic Fare Collection Systems Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the APAC and EMEA regions; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions

  • Americas
  • APAC
  • EMEA
Key Vendors
  • Cubic
  • Omron
  • Thales Group
  • Toshiba
Other Prominent Vendors
  • AtoS
  • Busan Transportation
  • Caravan KDE
  • CCS Challenge Card Systems
  • Founder International
  • GaoXin Modern Intelligent System
  • GRG Banking Equipment
  • KML Engineering
  • Nanjing Putian Telecommunications
  • Nippon Signal
  • Samsung SDS
  • Sanghai Huahong Jitong Smart Systems
  • Sanghai Huaming Intelligent Terminal Equipment
  • Sanghai Huateng Software Systems
  • ST Electronics
Market Driver
  • Need for Substantial Cost Reduction
  • For a full, detailed list, view our report
Market Challenge
  • Issues with System Integration
  • For a full, detailed list, view our report
Market Trend
  • Outsourcing of AFC Systems Solution
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global AFC Systems Market 2015-2019

Technavio recognizes the following companies as the key players in the Global AFC Systems Market: Cubic Corp., OMRON Corp., Thales Group and Toshiba Corp.

Other Prominent Vendors in the market are: AtoS, Busan Transportation, Caravan KDE, CCS Challenge Card Systems, Founder International, GaoXin Modern Intelligent System, GRG Banking Equipment, KML Engineering, Nanjing Putian Telecommunications, Nippon Signal, Samsung SDS, Shanghai Huahong Jitong Smart System, Shanghai Huaming Intelligent Terminal Equipment, Shanghai Huateng Software Systems and ST Electronics

Commenting on the report, an analyst from Technavio’s team said: “The outsourcing of AFC solutions is one major trend being witnessed in the market. The increased adoption and usage of AFC solutions offers new opportunities for vendors. The solution providers have started to outsource services to third-party vendors, who can use the AFC systems to control costs and security.”

According to the report, the need for substantial cost reduction among organizations is one of the major drivers in this market. There is growing demand for automated business processes that allow flexibility in changing business conditions. Changing business demands and market environments have put considerable pressure on organizations to reduce costs incurred by human resources. The adoption of AFC solutions helps reduce the operational costs of organizations.

Further, the report states that system integration issues are one of the major challenges in this market. Organizations face difficulties in adopting AFC systems as they are integrated with various components to provide automatic and manual fare collection services. These issues may negatively affect the service providers and the growth of the market.

Companies Mentioned

Cubic , Omron , Thales Group, Toshiba, AtoS, Busan Transportation, Caravan KDE, CCS Challenge Card Systems, Founder International, GaoXin Modern Intelligent System, GRG Banking Equipment, KML Engineering, Nanjing PutianTelecommunications, Nippon Signal, Samsung SDS, Sanghai Huahong Jitong Smart Systems, Sanghai Huaming Intelligent Terminal Equipment, Sanghai Huateng Software Systems, ST Electronics

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Market Landscape
    • Market Overview
      • Table Segmentation of Smart Transportation Systems
    • AFC System Components
      • Table Major Components of AFC Systems
    • Market Size and Forecast
      • Table Global AFC Systems Market 2014-2019 (US$ billion)
    • Five Forces Analysis
  • Market Segmentation by End-user
  • Segmentation of Market by Geography
    • Segmentation of Global AFC Systems Market by Geography 2014
      • Table Segmentation of Global AFC Systems Market by Geography 2014
    • Segmentation of Global AFC Systems Market by Geography 2014-2019
      • Table Segmentation of Global AFC Systems Market by Geography 2014-2019
      • Table Segmentation of Global AFC Systems Market by Geography 2014-2019 (US$ billion)
  • Key Leading Countries
    • UK
    • France
    • China
    • US
  • Buying Criteria
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
    • Major Vendors 2014
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Cubic
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Cubic: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2011-2013
        • Table Cubic: Business Segmentation by Revenue 2011-2013 (US$ million)
      • Geographical Segmentation by Revenue 2013
        • Table Cubic: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • OMRON
      • Key Facts
      • Business Description
      • Business Segmentation
        • Table Business Segmentation of OMRON
      • Business Strategy
      • Revenue Segmentation by Business
        • Table Revenue Segmentation of OMRON (2013)
      • Revenue Comparison - 2012 and 2013
        • Table Revenue Comparison (US$ billion)
      • Sales by Geographical Segmentation
        • Table Revenue Segmentation of OMRON by Geography (2013)
      • Key Developments
      • SWOT Analysis
    • Thales
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Thales: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Thales: Business Segmentation by Revenue 2012 and 2013 (US$ million)
      • Geographical Segmentation by Revenue 2013
        • Table Thales: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Toshiba
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Toshiba: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Toshiba: Business Segmentation by Revenue 2012 and 2013 (US$ billion)
      • Geographical Segmentation by Revenue 2013
        • Table Toshiba: Geographical Segmentation by Revenue 2013
      • Recent Developments
      • SWOT Analysis
  • Other Reports in this Series

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