MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028

Automotive & Transportation | Automotive Systems

MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028

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

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As mentioned in Triton Market Research’s report, the automated fare collection system market in the Middle East and Africa is foreseen to observe growth based on revenue at a CAGR of 10.01% during the anticipated period 2021-2028.


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The countries considered for evaluation in this market are:

•        The United Arab Emirates

•        Turkey

•        South Africa

•        Saudi Arabia

•        Rest of Middle East & Africa

The growing adoption of intelligent technologies, including AI, is likely to offer lucrative opportunities to the region’s automated fare collection system market. For instance, the NOL card in Dubai is a smart card that permits users to pay for various RTA transports, including busses, water buses, and trams. Moreover, users can use the card to pay for parking services across the city. Hence, such developments are expected to augment the growth of the automated fare collection system market across the Middle East and Africa region in the upcoming years.

In Turkey, users can purchase smart tickets loaded with credit, which can be used across buses, metro, tram, and ferries. Moreover, these cards can be used for payments in taxis. Istanbulkart is one such smart card that is widely used across Istanbul, introduced by IT company Belbim. Additionally, this card is operated by the Metropolitan Municipality and private companies. Thus, the growing adoption of smart cards to ensure efficient and contactless payments widely support the growth of the automated fare collection system market within Turkey.

Dormakaba Holding offers access control and security solutions and operates via its business segments, such as access solutions, key systems, and movable wall segments. It provides door hardware products, including entrance systems, automated boarding pass controls, electronics hotel locks, safe locks, and interior glass systems. The company also offers maintenance and installation services to its large consumer base. Dormakaba has operations across multiple regions, including the Middle East and Africa region. 

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Table of Content

1. MIDDLE EAST AND AFRICA 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. 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

3. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET OUTLOOK - BY APPLICATION

4.1. BUS

4.2. TRAIN

4.3. TOLL

4.4. CAR

5. MIDDLE EAST AND AFRICA 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 – MIDDLE EAST AND AFRICA

6.1. UNITED ARAB EMIRATES

6.2. TURKEY

6.3. SAUDI ARABIA

6.4. SOUTH AFRICA

6.5. 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: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)                    

TABLE 2: VENDOR SCORECARD        

TABLE 3: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION) 

TABLE 4: MIDDLE EAST AND AFRICA HARDWARE COMPONENT MARKET, BY TYPE, 2021-2028 (IN $ MILLION)          

TABLE 5: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION) 

TABLE 6: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)           

TABLE 7: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)         

List of Figures

FIGURE 1: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, 2020 & 2028 (IN %) 

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS     

FIGURE 3: MARKET ATTRACTIVENESS INDEX       

FIGURE 4: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY HARDWARE COMPONENT, 2021-2028 (IN $ MILLION) 

FIGURE 5: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY VALIDATORS, 2021-2028 (IN $ MILLION)  

FIGURE 6: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TURNSTILES, 2021-2028 (IN $ MILLION)  

FIGURE 7: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TICKET VENDING MACHINES, 2021-2028 (IN $ MILLION)

FIGURE 8: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER HARDWARE COMPONENTS, 2021-2028 (IN $ MILLION)       

FIGURE 9: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SOFTWARE, 2019-2025 (IN $ MILLION)     

FIGURE 10: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY BUS, 2021-2028 (IN $ MILLION)       

FIGURE 11: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TRAIN, 2021-2028 (IN $ MILLION)   

FIGURE 12: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TOLL, 2021-2028 (IN $ MILLION)     

FIGURE 13: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY CAR, 2021-2028 (IN $ MILLION)       

FIGURE 14: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SMART CARD, 2021-2028 (IN $ MILLION) 

FIGURE 15: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OCR (OPTICAL CHARACTER RECOGNITION), 2021-2028 (IN $ MILLION)  

FIGURE 16: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY NFC (NEAR FIELD COMMUNICATION), 2021-2028 (IN $ MILLION)    

FIGURE 17: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER TECHNOLOGIES, 2021-2028 (IN $ MILLION)    

FIGURE 18: MIDDLE EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)    

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

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

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

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

FIGURE 23: REST OF MIDDLE EAST & AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)       

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