ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028

Automotive & Transportation | Automotive Systems

ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028

Market by Component, Application, Technology, and Country | Forecast 2021-2028

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Triton’s report infers that the Asia-Pacific automated fare collection system market is anticipated to progress at a CAGR of 12.68% during the forecasted period 2021-2028.


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The countries considered in this market include:

•        India

•        China

•        Japan

•        Australia & New Zealand

•        South Korea

•        ASEAN countries

•        Rest of Asia-Pacific

In the Asia-Pacific, several initiatives are undertaken to enhance the transportation system. For instance, Japan introduced the Pasmo smart cards that assist commuters in making cashless payments. Moreover, the Philippines department of transportation and communication launched an automatic fare collection system in the metro system. Hence, the growing adoption of automated fare systems supports the growth of the automated fare collection system market across the region.

In China, a smart card is valid for almost all modes of transportation across the city of Beijing, including trains, taxis, and public bicycles. Moreover, these transportation cards enable users to make payments in some supermarkets, convenience stores, pharmacies, and parks. Additionally, the T-Union Card, an initiative by the Ministry of Transport, aims to connect cities across the country. The goal includes the use of this card on all public transport systems to make commuting easier. Hence, these factors indicate robust growth of the automated fare collection system market across China over the next few years.

Japan, on the other hand, introduced IC cards that are rechargeable and can be used to make payments on public transports, as well as vending machines, shops, and restaurants. This rise in demand for automated payments is likely to augment the growth of the automated fare collection system market within Japan.

Samsung SDS offers consulting, technical, and outsourcing services to a vast network of clients. Its product portfolio includes hardware and software support, IT education, automated fare collection system, network infrastructure management, and more. The company is expanding its operation by heavily investing in R&D, along with significant technologies, including RFID. Samsung SDS serves customers across multiple countries, with headquarters located in Seoul, South Korea. 

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Table of Content

1. ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. MARKET SCOPE

2.2. KEY INSIGHTS

2.2.1. TRAIN TRANSPORT SYSTEMS PROMINENTLY APPLY THE AUTOMATED FARE COLLECTION SYSTEM

2.2.2. SMART CARD IS A MAJORLY UTILIZED TECHNOLOGY IN THE AUTOMATED FARE COLLECTION SYSTEM MARKET

2.2.3. HARDWARE SEGMENT IS GAINING MOMENTUM IN THE MARKET

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. INTENSITY OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. MARKET DRIVERS

2.6.1.   REDUCTION IN FRAUDS AND COUNTERFEITING

2.6.2.   GROWING USE OF SMARTPHONES

2.6.3.   FLEXIBLE FARE PLANS

2.6.4.   GROWING NEED FOR EFFICIENCY

2.7. MARKET RESTRAINTS

2.7.1.   HIGH CAPITAL INVESTMENT

2.7.2.   INCOMPLETE PROJECTS DUE TO DELAY AND FUNDING SHORTFALL

2.8. MARKET OPPORTUNITIES

2.8.1. INFRASTRUCTURAL UPGRADATION

2.8.2. GROWING PREFERENCE FOR CONTACTLESS PAYMENT

2.9. KEY STRATEGIC DEVELOPMENTS

2.9.1. MERGER & ACQUISITIONS

2.9.2. PRODUCT LAUNCH & DEVELOPMENTS

2.9.3. PARTNERSHIP, CONTRACT/AGREEMENT, & COLLABORATION

2.9.4. BUSINESS EXPANSION

2.10. VALUE CHAIN ANALYSIS

2.11. IMPACT OF CORONAVIRUS ON AUTOMATED FARE COLLECTION MARKET

3. ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET OUTLOOK - BY COMPONENT

3.1. HARDWARE COMPONENT

3.1.1. VALIDATORS

3.1.2. TURNSTILES

3.1.3. TICKET VENDING MACHINES

3.1.4. OTHER HARDWARE COMPONENTS

3.2. SOFTWARE

4. ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET OUTLOOK - BY APPLICATION

4.1. BUS

4.2. TRAIN

4.3. TOLL

4.4. CAR

5. ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET OUTLOOK - BY TECHNOLOGY

5.1. SMART CARD

5.2. OCR (OPTICAL CHARACTER RECOGNITION)

5.3. NFC (NEAR FIELD COMMUNICATION)

5.4. OTHER TECHNOLOGIES

6. AUTOMATED FARE COLLECTION SYSTEM MARKET – ASIA-PACIFIC

6.1. CHINA

6.2. JAPAN

6.3. INDIA

6.4. SOUTH KOREA

6.5. ASEAN COUNTRIES

6.6. AUSTRALIA & NEW ZEALAND

6.7. REST OF ASIA-PACIFIC

7. COMPETITIVE LANDSCAPE

7.1. LG CNS

7.2. OMRON CORPORATION

7.3. SAMSUNG SDS

7.4. SCHEIDT & BACHMANN GMBH

7.5. CUBIC TRANSPORTATION SYSTEMS INC

7.6. ATOS SE

7.7. DORMAKABA HOLDING

7.8. LECIP HOLDINGS CORPORATION

7.9. NXP SEMICONDUCTORS

7.10. THALES GROUP

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.1.1. OBJECTIVES OF STUDY

8.1.2. SCOPE OF STUDY

8.2. SOURCES OF DATA

8.2.1. PRIMARY DATA SOURCES

8.2.2. SECONDARY DATA SOURCES

8.3. RESEARCH METHODOLOGY

8.3.1. EVALUATION OF PROPOSED MARKET

8.3.2. IDENTIFICATION OF DATA SOURCES

8.3.3. ASSESSMENT OF MARKET DETERMINANTS

8.3.4. DATA COLLECTION

8.3.5. DATA VALIDATION & ANALYSIS

List of Tables

TABLE 1: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)            

TABLE 2: VENDOR SCORECARD        

TABLE 3: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION)        

TABLE 4: ASIA-PACIFIC HARDWARE COMPONENT MARKET, BY TYPE, 2021-2028 (IN $ MILLION)      

TABLE 5: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)       

TABLE 6: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)      

TABLE 7: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, 2020 & 2028 (IN %)       

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS     

FIGURE 3: MARKET ATTRACTIVENESS INDEX       

FIGURE 4: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY HARDWARE COMPONENT, 2021-2028 (IN $ MILLION)       

FIGURE 5: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY VALIDATORS, 2021-2028 (IN $ MILLION)        

FIGURE 6: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TURNSTILES, 2021-2028 (IN $ MILLION)         

FIGURE 7: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TICKET VENDING MACHINES, 2021-2028 (IN $ MILLION)     

FIGURE 8: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER HARDWARE COMPONENTS, 2021-2028 (IN $ MILLION)     

FIGURE 9: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SOFTWARE, 2019-2025 (IN $ MILLION)           

FIGURE 10: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY BUS, 2021-2028 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TRAIN, 2021-2028 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TOLL, 2021-2028 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY CAR, 2021-2028 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SMART CARD, 2021-2028 (IN $ MILLION)          

FIGURE 15: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OCR (OPTICAL CHARACTER RECOGNITION), 2021-2028 (IN $ MILLION)       

FIGURE 16: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY NFC (NEAR FIELD COMMUNICATION), 2021-2028 (IN $ MILLION)        

FIGURE 17: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER TECHNOLOGIES, 2021-2028 (IN $ MILLION)  

FIGURE 18: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)  

FIGURE 19: CHINA AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)      

FIGURE 20: JAPAN AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)      

FIGURE 21: INDIA AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)      

FIGURE 22: SOUTH KOREA AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)        

Figure 23: ASEAN COUNTRIES AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)          

FIGURE 24: AUSTRALIA & NEW ZEALAND AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)      

FIGURE 25: REST OF ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)

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