Market by Component, Application, Technology, and Country | Forecast 2021-2028
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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VIEW REPORT1. 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
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)
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)