Market by Component, Application, Technology, and Geography | Forecast 2021-2028
After a detailed analysis, Triton Market Research’s report has concluded that the automated fare collection system market is expected to grow at a CAGR of 11.18% over the forecast period of 2021-2028. In 2020, the market attained revenue worth $6026 million and is likely to gain $13248 million by 2028.
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The
public transport system has always been a crucial aspect of infrastructural
growth within a region. Moreover, an efficient public transport system has
propelled the smooth flow of traffic. The automated fare collection (AFC)
system is an integral element that has made public transport relatively
comfortable for commuters. AFC system is an integrated and automated ticketing
system for public transport, making the use of multiple transport modes less
challenging.
Within
this report from Triton on the automated fare collection system market, the
market scope and the key insights relating to the industry are discussed. Also,
the market attractiveness matrix, vendor scorecard, impact of coronavirus on
the market, and Porter’s five forces analysis are studied for the given market.
Factors
such as growing smartphone use, flexible fare plans, increasing need for
efficiency, and reduction in frauds & counterfeiting are significant
factors boosting the growth of the studied market. Additionally, the
infrastructural upgradation and growing preference for contactless payment are
offering opportunities to the automated fare collection system market.
However, certain factors, such as high capital investment and delay in execution of some projects, hinder the development of the automated fare collection system market.
Key geographies covered in the global automated
fare collection system market are:
• North America: United States and Canada
• Europe:
United Kingdom, Germany, France, Italy, Spain, Russia, and Rest of Europe
• Asia-Pacific:
China, Japan, India, South Korea, ASEAN countries, Australia & New Zealand,
and Rest of Asia-Pacific
• Latin America: Brazil, Mexico, and Rest of Latin America
• Middle East and Africa: United Arab Emirates, Turkey, Saudi Arabia, South Africa, and
Rest of Middle East & Africa.
The market
for automated fare collection system is segmented into:
• Market
by Component:
o Hardware
• Validators
• Turnstiles
• Ticket Vending Machines
• Other Hardware Components
o Software
• Market
by Application:
o Bus
o Train
o Toll
o Car
• Market
by Technology:
o Smart card
o OCR (Optical Character
Recognition)
o NFC (Near Field
Communication)
o Others
The key market players in the automated fare
collection system market include Samsung SDS, Scheidt & Bachmann GmbH, NXP
Semiconductors, Atos SE, Omron Corporation, Lecip Holdings Corporation, Thales
Group, Cubic Transportation Systems Inc, Dormakaba Holding, and LG CNS.
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VIEW REPORT1. GLOBAL
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 SYSTEM MARKET
3. GLOBAL
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. GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET OUTLOOK - BY APPLICATION
4.1. BUS
4.2. TRAIN
4.3. TOLL
4.4. CAR
5. GLOBAL
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. GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET - REGIONAL OUTLOOK
6.1. NORTH
AMERICA
6.1.1. MARKET
BY COMPONENT
6.1.2. MARKET
BY APPLICATION
6.1.3. MARKET
BY TECHNOLOGY
6.1.4. COUNTRY
ANALYSIS
6.1.4.1. UNITED
STATES
6.1.4.2. CANADA
6.2. EUROPE
6.2.1. MARKET
BY COMPONENT
6.2.2. MARKET
BY APPLICATION
6.2.3. MARKET
BY TECHNOLOGY
6.2.4. COUNTRY
ANALYSIS
6.2.4.1. UNITED
KINGDOM
6.2.4.2. GERMANY
6.2.4.3. FRANCE
6.2.4.4. SPAIN
6.2.4.5. ITALY
6.2.4.6. RUSSIA
6.2.4.7. REST
OF EUROPE
6.3. ASIA-PACIFIC
6.3.1. MARKET
BY COMPONENT
6.3.2. MARKET
BY APPLICATION
6.3.3. MARKET
BY TECHNOLOGY
6.3.4. COUNTRY
ANALYSIS
6.3.4.1. CHINA
6.3.4.2. JAPAN
6.3.4.3. INDIA
6.3.4.4. SOUTH
KOREA
6.3.4.5. ASEAN
COUNTRIES
6.3.4.6. AUSTRALIA
& NEW ZEALAND
6.3.4.7. REST
OF ASIA-PACIFIC
6.4. LATIN
AMERICA
6.4.1. MARKET
BY COMPONENT
6.4.2. MARKET
BY APPLICATION
6.4.3. MARKET
BY TECHNOLOGY
6.4.4. COUNTRY
ANALYSIS
6.4.4.1. BRAZIL
6.4.4.2. MEXICO
6.4.4.3. REST
OF LATIN AMERICA
6.5. MIDDLE
EAST AND AFRICA
6.5.1. MARKET
BY COMPONENT
6.5.2. MARKET
BY APPLICATION
6.5.3. MARKET
BY TECHNOLOGY
6.5.4. COUNTRY
ANALYSIS
6.5.4.1. THE
UNITED ARAB EMIRATES
6.5.4.2. TURKEY
6.5.4.3. SAUDI
ARABIA
6.5.4.4. SOUTH
AFRICA
6.5.4.5. REST
OF MIDDLE EAST & AFRICA
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: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION)
TABLE 4: GLOBAL
HARDWARE COMPONENT MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 5: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, 2021-2028 (IN $
MILLION)
TABLE 6: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, 2021-2028 (IN $
MILLION)
TABLE 7: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)
Table 8: NORTH AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, 2021-2028 (IN $
MILLION)
TABLE 11: NORTH AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, 2021-2028 (IN $
MILLION)
TABLE 12: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 13: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION)
TABLE 14: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, 2021-2028 (IN $
MILLION)
TABLE 15: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, 2021-2028 (IN $
MILLION)
TABLE 16: ASIA-PACIFIC
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION)
TABLE 18: ASIA-PACIFIC
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, 2021-2028 (IN $
MILLION)
TABLE 19: ASIA-PACIFIC
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, 2021-2028 (IN $
MILLION)
Table 20: LATIN AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 21: LATIN AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION)
TABLE 22: LATIN AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, 2021-2028 (IN $
MILLION)
TABLE 23: LATIN AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)
TABLE 24: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $
MILLION)
TABLE 25: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, 2021-2028 (IN
$ MILLION)
TABLE 26: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, 2021-2028
(IN $ MILLION)
TABLE 27: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, 2021-2028
(IN $ MILLION)
FIGURE 1: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, 2020 & 2028 (IN %)
FIGURE 2: PORTER’S FIVE
FORCES ANALYSIS
FIGURE 3: MARKET
ATTRACTIVENESS INDEX
FIGURE 4: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY HARDWARE COMPONENT, 2021-2028 (IN $
MILLION)
FIGURE 5: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY VALIDATORS, 2021-2028 (IN $
MILLION)
FIGURE 6: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TURNSTILES, 2021-2028 (IN $
MILLION)
FIGURE 7: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TICKET VENDING MACHINES, 2021-2028
(IN $ MILLION)
FIGURE 8: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER HARDWARE COMPONENTS,
2021-2028 (IN $ MILLION)
FIGURE 9: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SOFTWARE, 2019-2025 (IN $ MILLION)
FIGURE 10: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY BUS, 2021-2028 (IN $ MILLION)
FIGURE 11: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TRAIN, 2021-2028 (IN $ MILLION)
FIGURE 12: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TOLL, 2021-2028 (IN $ MILLION)
FIGURE 13: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY CAR, 2021-2028 (IN $ MILLION)
FIGURE 14: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SMART CARD, 2021-2028 (IN $
MILLION)
FIGURE 15: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OCR (OPTICAL CHARACTER RECOGNITION),
2021-2028 (IN $ MILLION)
FIGURE 16: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY NFC (NEAR FIELD COMMUNICATION),
2021-2028 (IN $ MILLION)
FIGURE 17: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER TECHNOLOGIES, 2021-2028 (IN $
MILLION)
FIGURE 18: GLOBAL
AUTOMATED FARE COLLECTION SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN
%)
FIGURE 19: UNITED
STATES AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 20: CANADA
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: UNITED
KINGDOM AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 22: GERMANY
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: FRANCE
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 24: SPAIN
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 25: ITALY
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 26: RUSSIA
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 27: REST OF
EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 28: CHINA
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 29: JAPAN
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 30: INDIA
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 31: SOUTH KOREA
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
Figure 32: ASEAN
COUNTRIES AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 33: AUSTRALIA
& NEW ZEALAND AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $
MILLION)
FIGURE 34: REST OF
ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 35: BRAZIL
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 36: MEXICO
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 37: REST OF
LATIN AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 38: UNITED ARAB
EMIRATES AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 39: TURKEY
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 40: SAUDI ARABIA
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 41: SOUTH AFRICA
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 42: REST OF
MIDDLE EAST & AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN
$ MILLION)