GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028

Automotive & Transportation | Automotive Systems

GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028

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

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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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Table of Content

1. 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

List of Tables

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)            

List of Figures

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)       

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