North America Automated Fare Collection System Market By Technology Platform (Smart Card, Optical Character Recognition, Near Field Communication and Others), By Component (Hardware and Software), By End User (Railway, Toll, Parking, Bus and Others), By C

North America Automated Fare Collection System Market By Technology Platform (Smart Card, Optical Character Recognition, Near Field Communication and Others), By Component (Hardware and Software), By End User (Railway, Toll, Parking, Bus and Others), By Country, Industry Analysis and Forecast, 2020 - 2026

The North America Automated Fare Collection System Market would witness market growth of 14.9% CAGR during the forecast period (2020-2026).

AFC systems include automated ticketing machines, card replacement terminals, gate machines and ticket control machines. Rising demand for trouble-free and reliable transport systems is expected to be one of the main factors driving the market. Increased use of plastic currency, real-time payments and digital payment gateways such as debit card, credit card and Near Field Communication ( NFC) payment applications are also anticipated to push market growth during the forecast period. These applications are increasingly replacing traditional ticketing systems because of their advantages, such as improved process management, revenue generation, prevention of financial fraud and superior system planning.

They enable operators to increase the transaction rate and the processing efficiency of the overall price collection process, while reducing waiting time and removing the need for physical currency management. Automated fare collection systems can be used in a variety of high-traffic areas, including commercial offices, government buildings, parking spaces, amusement and entertainment parks, highway toll collection centers and public transit stations.

The rapid growth of public infrastructure in developed countries around the world has provided many opportunities for the market. In addition, increased regional convergence between system providers and transit authorities, such as airports, rail and parking lots, is also driving market growth. Increased use of cellular networks, smartphones and contactless technology for digital transactions, along with flexible tariff plans provided by these systems, is expected to fuel market growth.

Based on Technology Platform, the market is segmented into Smart Card, Optical Character Recognition, Near Field Communication and Others. Based on Component, the market is segmented into Hardware and Software. Based on End User, the market is segmented into Railway, Toll, Parking, Bus and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Omron Corporation, Atos Group, Dormakaba Holding AG, LG Corporation, NXP Semiconductors N.V., Samsung Electronics Co., Ltd. (Samsung Group), Thales Group S.A., Cubic Corporation, LECIP Holdings Corporation, and Scheidt & Bachmann GmbH.

Scope of the Study

Market Segmentation:

By Technology Platform

  • Smart Card
  • Optical Character Recognition
  • Near Field Communication
  • Others
By Component
  • Hardware
  • Software
By End User
  • Railway
  • Toll
  • Parking
  • Bus
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Omron Corporation
  • Atos Group
  • Dormakaba Holding AG
  • LG Corporation
  • NXP Semiconductors N.V.
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Thales Group S.A.
  • Cubic Corporation
  • LECIP Holdings Corporation
  • Scheidt & Bachmann GmbH
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automated Fare Collection System Market, by Technology Platform
1.4.2 North America Automated Fare Collection System Market, by Component
1.4.3 North America Automated Fare Collection System Market, by End User
1.4.4 North America Automated Fare Collection System Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Automated Fare Collection System Market by Technology Platform
3.1 North America Smart Card Automated Fare Collection System Market by Country
3.2 North America Optical Character Recognition Automated Fare Collection System Market by Country
3.3 North America Near Field Communication Automated Fare Collection System Market by Country
3.4 North America Other Technology Platform Automated Fare Collection System Market by Country
Chapter 4. North America Automated Fare Collection System Market by Component
4.1 North America Hardware Automated Fare Collection System Market by Country
4.2 North America Software Automated Fare Collection System Market by Country
Chapter 5. North America Automated Fare Collection System Market by End Use
5.1 North America Railway Automated Fare Collection System Market by Country
5.2 North America Toll Automated Fare Collection System Market by Country
5.3 North America Parking Automated Fare Collection System Market by Country
5.4 North America Bus Automated Fare Collection System Market by Country
5.5 North America Others Automated Fare Collection System Market by Country
Chapter 6. North America Automated Fare Collection System Market by Country
6.1 US Automated Fare Collection System Market
6.1.1 US Automated Fare Collection System Market by Technology Platform
6.1.2 US Automated Fare Collection System Market by Component
6.1.3 US Automated Fare Collection System Market by End Use
6.2 Canada Automated Fare Collection System Market
6.2.1 Canada Automated Fare Collection System Market by Technology Platform
6.2.2 Canada Automated Fare Collection System Market by Component
6.2.3 Canada Automated Fare Collection System Market by End Use
6.3 Mexico Automated Fare Collection System Market
6.3.1 Mexico Automated Fare Collection System Market by Technology Platform
6.3.2 Mexico Automated Fare Collection System Market by Component
6.3.3 Mexico Automated Fare Collection System Market by End Use
6.4 Rest of North America Automated Fare Collection System Market
6.4.1 Rest of North America Automated Fare Collection System Market by Technology Platform
6.4.2 Rest of North America Automated Fare Collection System Market by Component
6.4.3 Rest of North America Automated Fare Collection System Market by End Use
Chapter 7. Company Profiles
7.1 Omron Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 Atos Group
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 SWOT Analysis
7.3 Dormakaba Holding AG
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 LG Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 SWOT Analysis
7.5 NXP Semiconductors N.V.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expense
7.5.5 SWOT Analysis
7.6 Samsung Electronics Co., Ltd. (Samsung Group)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.6 SWOT Analysis
7.7 Thales Group S.A.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research and Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.6 SWOT Analysis
7.8 Cubic Corporation
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research and Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.8.5.2 Acquisition and Mergers:
7.9 LECIP Holdings Corporation
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental Analysis
7.9.4 Recent strategies and developments:
7.9.4.1 Product Launches and Product Expansions:
7.1 Scheidt & Bachmann GmbH
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Partnerships, Collaborations, and Agreements:

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