+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Automated Fare Collection System Market by Application, Component, Technology Platform, and Others: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4989448
  • Report
  • October 2019
  • Region: Global
  • 254 pages
  • Allied Analytics LLP
1 of 5

Enquire about COVID-19 updates for this product.

Enquire Now

FEATURED COMPANIES

  • Alstom
  • Bombardier
  • CRRC Corporation Limited
  • General Electric
  • Hitachi Ltd.
  • Siemens
  • MORE
Automated Fare Collection System (AFCS), also known as electronic fare collection system, is an automated system that helps public transit operators to trace and account the revenue and provide a convenient way of fare payment instead of cash. The global automated fare collection system market includes technologies such as smart cards, Near Field Communication (NFC), Optical Character Recognition (OCR), magnetic strips, and bar codes.

Currently, smart cards are widely used to enable ease of fare payment to travelers. This report analyzes the global market on the basis of component, technology, application, and region. By region, the market is segmented across North America, Europe, Asia-Pacific, and Latin America, the Middle East, and Africa (LAMEA). This report uses value chain analysis and Porter’s Five Forces Model to analyze the competitive scenario of the industry and adding values to the final product.

Further, report features the strategies adopted by the key market players to endure the stiff competition in the market. Atos SE, Cubic Transportation Systems, Inc., dormakaba Holding, LECIP Group, LG CNS, NXP Semiconductors, OMRON Corporation, Samsung SDS, Scheidt & Bacchhan Gmbh, and Thales Group are some of the leading suppliers of AFCS in the global market.

The global automated fare collection system market includes components such as hardware, including Ticket Vending Machines (TVMs), turnstiles, Booking Office Machines (BOMs), validators, and software including back office, passenger information, validating the identity, and signaling. The market is classified on the basis of the type of component, technology, application, and region.

KEY PLAYERS operating in the market include Atos SE, Cubic Transportation Systems, Inc., dormakaba Holding, LECIP Group, LG CNS, NXP Semiconductors, OMRON Corporation, Samsung SDS, Scheidt & Bacchhan Gmbh, and Thales Group.

KEY BENEFITS FOR STAKEHOLDERS
  • This study comprises analytical depiction of the automated fare collection system market with current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to gain a stronger coverage in the market.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS

By Application
  • Bus
  • Toll
  • Train
  • Car Rental
By Component
  • Hardware
  • Software & Services
By Technology Platform
  • Smart Card
  • Near Field Communications
  • Optical Character Recognition (OCR)
  • Others (Magnetic Strips and Bar Codes)
By Region

North America
  • U.S.
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Spain
  • Russia
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
LAMEA
  • Latin America
  • Middle East
  • Africa
Key Market Players
  • Atos SE
  • Cubic Transportation Systems, Inc.
  • dormakaba Holding
  • LECIP Group
  • LG CNS
  • NXP Semiconductors
  • OMRON Corporation
  • Samsung SDS
  • Scheidt & Bacchhan Gmbh
  • Thales Group
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Alstom
  • Bombardier
  • CRRC Corporation Limited
  • General Electric
  • Hitachi Ltd.
  • Siemens
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models

Chapter 2: Executive Summary
2.1. Cxo Perspective

Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies
3.3. Porter’S Five Forces Analysis
3.4. Market Share Analysis (2018)
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Contactless Open Payment
3.5.1.2. Increasing Demand For Smartphones
3.5.1.3. Enhanced Efficiency
3.5.1.4. Low Fraud Rates
3.5.1.5. Enhanced Transport Infrastructure And Security System
3.5.1.6. Flexible Fare Plans
3.5.2. Restraint
3.5.2.1. High Installation Cost
3.5.2.2. High Maintenance Cost
3.5.3. Opportunities
3.5.3.1. Increase In Use of High-Speed of Public Transport
3.5.3.2. Rise In Technology Payment
3.5.3.3. Global Interoperability
3.6. Value Chain Analysis
3.6.1. Research And Development (R&D)
3.6.2. Raw Material & Software Solution Suppliers
3.6.3. Assembly Unit
3.6.4. Distribution
3.6.5. Transit Agencies

Chapter 4: Global Automated Fare Collection System Market, By Application
4.1. Overview
4.2. Bus
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis, By Country
4.3. Toll
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis, By Country
4.4. Train
4.4.1. Key Market Trends, Growth Factors, And Opportunities
4.4.2. Market Size And Forecast, By Region
4.4.3. Market Analysis, By Country
4.5. Car Rental
4.5.1. Key Market Trends, Growth Factors, And Opportunities
4.5.2. Sources market Size And Forecast, By Region
4.5.3. Market Analysis, By Country

Chapter 5: Global Automated Fare Collection System Market, By Component
5.1. Overview
5.2. Hardware
5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis By Country
5.2.4. Validators
5.2.5. Turnstiles
5.2.6. Ticket Vending Machines
5.2.7. Others
5.3. Software
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis By Country

Chapter 6: Global Automated Fare Collection System Market, Technology Platform
6.1. Overview
6.2. Smart Card
6.2.1. Key Market Trends, Growth Factors And Opportunities
6.2.2. Market Size And Forecast, By Region
6.2.3. Market Analysis By Country
6.3. Optical Character Recognition (OCR)
6.3.1. Key Market Trends, Growth Factors And Opportunities
6.3.2. Market Size And Forecast, By Region
6.3.3. Market Analysis By Country
6.4. Near Field Communication (NFC)
6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast, By Region
6.4.3. Market Analysis By Country
6.5. Others (Magnetic Strip And Bar Coding)
6.5.1. Key Market Trends, Growth Factors, And Opportunities
6.5.2. Market Size And Forecast, By Region
6.5.3. Market Analysis By Country

Chapter 7: Global Automated Fare Collection System Market, By Region
7.1. Overview
7.2. North America
7.2.1. Market Size And Forecast, By Application
7.2.2. Market Size And Forecast, By Component
7.2.3. Market Size And Forecast, By Technology Platform
7.2.4. Market Size And Forecast, By Country
7.2.4.1. U.S.
7.2.4.1.2. Market Size And Forecast, By Application
7.2.4.1.3. Market Size And Forecast, By Component
7.2.4.1.4. Market Size And Forecast, By Technology Platform
7.2.4.2. Canada
7.2.4.2.2. Market Size And Forecast, By Application
7.2.4.2.3. Market Size And Forecast, By Component
7.2.4.2.4. Market Size And Forecast, By Technology Platform
7.2.4.3. Mexico
7.2.4.3.2. Market Size And Forecast, By Application
7.2.4.3.3. Market Size And Forecast, By Component
7.2.4.3.4. Market Size And Forecast, By Technology Platform
7.3. Europe
7.3.1. Market Size And Forecast, By Application
7.3.2. Market Size And Forecast, By Component
7.3.3. Market Size And Forecast, By Technology Platform
7.3.4. Market Size And Forecast, By Country
7.3.4.1. UK
7.3.4.1.2. Market Size And Forecast, By Application
7.3.4.1.3. Market Size And Forecast, By Component
7.3.4.1.4. Market Size And Forecast, By Technology Platform
7.3.4.2. Germany
7.3.4.2.2. Market Size And Forecast, By Application
7.3.4.2.3. Market Size And Forecast, By Component
7.3.4.2.4. Market Size And Forecast, By Technology Platform
7.3.4.3. France
7.3.4.3.2. Market Size And Forecast, By Application
7.3.4.3.3. Market Size And Forecast, By Component
7.3.4.3.4. Market Size And Forecast, By Technology Platform
7.3.4.4. Spain
7.3.4.4.2. Market Size And Forecast, By Application
7.3.4.4.3. Market Size And Forecast, By Component
7.3.4.4.4. Market Size And Forecast, By Technology Platform
7.3.4.5. Russia
7.3.4.5.2. Market Size And Forecast, By Application
7.3.4.5.3. Market Size And Forecast, By Component
7.3.4.5.4. Market Size And Forecast, By Technology Platform
7.3.4.6. Rest of Europe
7.3.4.6.2. Market Size And Forecast, By Application
7.3.4.6.3. Market Size And Forecast, By Component
7.3.4.6.4. Market Size And Forecast, By Technology Platform
7.4. Asia-Pacific
7.4.1. Market Size And Forecast, By Application
7.4.2. Market Size And Forecast, By Component
7.4.3. Market Size And Forecast, By Technology Platform
7.4.4. Market Size And Forecast, By Country
7.4.4.1. China
7.4.4.1.2. Market Size And Forecast, By Application
7.4.4.1.3. Market Size And Forecast, By Component
7.4.4.1.4. Market Size And Forecast, By Technology Platform
7.4.4.2. India
7.4.4.2.2. Market Size And Forecast, By Application
7.4.4.2.3. Market Size And Forecast, By Component
7.4.4.2.4. Market Size And Forecast, By Technology Platform
7.4.4.3. Japan
7.4.4.3.2. Market Size And Forecast, By Application
7.4.4.3.3. Market Size And Forecast, By Component
7.4.4.3.4. Market Size And Forecast, By Technology Platform
7.4.4.4. South Korea
7.4.4.4.2. Market Size And Forecast, By Application
7.4.4.4.3. Market Size And Forecast, By Component
7.4.4.4.4. Market Size And Forecast, By Technology Platform
7.4.4.5. Rest of Asia-Pacific
7.4.4.5.1. Market Size And Forecast, By Application
7.4.4.5.2. Market Size And Forecast, By Component
7.4.4.5.3. Market Size And Forecast, By Technology Platform
7.5. LAMEA
7.5.1. Market Size And Forecast, By Application
7.5.2. Market Size And Forecast, By Component
7.5.3. Market Size And Forecast, By Technology Platform
7.5.4. Market Size And Forecast, By Country
7.5.4.1. Latin America
7.5.4.1.2. Market Size And Forecast, By Application
7.5.4.1.3. Market Size And Forecast, By Component
7.5.4.1.4. Market Size And Forecast, By Technology Platform
7.5.4.2. Middle East
7.5.4.2.2. Market Size And Forecast, By Application
7.5.4.2.3. Market Size And Forecast, By Component
7.5.4.2.4. Market Size And Forecast, By Technology Platform
7.5.4.3. Africa
7.5.4.3.2. Market Size And Forecast, By Application
7.5.4.3.3. Market Size And Forecast, By Component
7.5.4.3.4. Market Size And Forecast, By Technology Platform

Chapter 8: Company Profiles
8.1. Atos Se
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Business Performance
8.1.5. Key Strategic Moves And Developments
8.2. Cubic Transportation Systems, Inc.
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.2.5. Key Strategic Moves And Developments
8.3. Dormakaba Holding
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Product Portfolio
8.3.5. Business Performance
8.3.6. Key Strategic Moves And Developments
8.4. Lecip Holdings Corporation
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.4.5. Key Strategic Moves And Developments
8.5. Lg Cns
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Business Performance
8.5.5. Key Strategic Moves And Developments
8.6. Nxp Semiconductors
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Product Portfolio
8.6.5. Business Performance
8.6.6. Key Strategic Moves And Developments
8.7. Omron Corporation
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Business Performance
8.7.5. Key Strategic Moves And Developments
8.8. Samsung SDS
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Business Performance
8.9. Scheidt & Bacchhan Gmbh
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Key Strategic Moves And Developments
8.10. Thales Group
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Business Performance
8.10.5. Key Strategic Moves And Developments

*Full List of Tables and Figures Available on Enquiry.
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Alstom
  • Bombardier
  • CRRC Corporation Limited
  • General Electric
  • Hitachi Ltd.
  • Siemens
  • MORE
According to the report titled, 'Automated Fare Collection System Market by Application, Component, Technology Platform, and others: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global automated fare collection system market size was valued at $6.03 billion in 2018, and is projected to reach $14.17 billion by 2026, registering a CAGR of 11.2% from 2019 to 2026.

Presently, the U.S. dominates the market, followed by Canada and Mexico in North America. However, Mexico is expected to grow at a higher CAGR during the forecast period. In addition, in 2018, China led the market in the Asia-Pacific region followed by Japan, India, South Korea, and rest of Asia-Pacific countries.

Increase in the use of high-speed public transport and high-speed metro trains & monorails is expected to foster the growth of the market, thereby enabling high revenue generation for operators. Tickets are issued as paper tickets or electronic tickets, which can be bought either in advance or at the time of the ride which is expected to create ample number of opportunities for the key players operating in the global automated fare collection system market.

Technology payment is the type of fare media, such as cash, token, paper ticket, or mobile ticketing and equipment, which is used to collect fares. Organizations are increasingly setting a broad range of payment options to offer an easy payment method to commuters. In addition, many organizations offer one or more than one mode of multiple-ride passes and discounted multi-ride options such as 4–6 months, weekly, and daily passes. Mobile ticketing model is preferred over other modes of payment. This model comprises a registered mobile subscription, which can be either prepaid or postpaid. Traveler’s identity is known by scanning his/her mobile number at the entrance or exit of a vehicle and then the amount is deducted from the balance in the mobile as per the distance travelled by the passenger, as a result of which the considerable use of smartphones offers a convenient fare payment method which is opportunistic for the market expansion.

The global interoperability feature of smartcards fosters the growth of the automated fare collection system market. It includes a single card that can be used for many modes of transport including taxis, cars, buses, ferries, and others, globally. Octopus Cards Ltd. (OCL) and Shenzhentong Co. Ltd. (SZT) launched Hu Tong Xing card that is compatible with Hong Kong readers as well as Shenzhen card readers. This two-in-one card provides greater convenience to residents of both the regions. The global acceptance of Hu Tong Xing type of cards is expected to increase the adoption of AFC systems.

The installation of automated fare collection system incurs high cost. The installation of AFCS in transport companies include installing payment collection equipment and checking devices, setting of communication network (wired networks), and installing network equipment (all kinds of networks), fixing the installed system hardware, fine-tuning and testing system hardware, and interaction between system components. This increases overall installation cost, which hinders the stated growth.

The high cost of turnstile and fare boxes results in high maintenance cost of automated fare collection systems. In magnetic fare cards, magnetic stripes can be unintentionally erased or damaged using objects such as refrigerator magnet. Moreover, large number of high skilled maintenance people result in high maintenance cost of AFC systems, which hampers the market growth.

Automated ticketing systems allow operators to execute variable and flexible fare plans based on time or means of travel or type of commuter. In addition, it allows operators to cater to the demands of passengers by customizing travel fare options, including unlimited ride passes, free inter-modal transfers, and discounted passes during off-peak periods or a particular mode. Thereby, it drives the growth of the automated face collection system market.

Key Findings of Automated Fare Collection System Market:
By application, the train segment generated the highest revenue in the automated fare collection market analysis in 2018.
Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period while considering automated fare collection market growth.
Latin America leads the market in the LAMEA region.
The leading companies listed in the automated fare collection system market report expects high revenue from automated fare collection system market returns.

The key players profiled in the automated fare collection system market share include Alstom, Bombardier, CRRC Corporation Limited, General Electric, Hitachi Ltd., Siemens, Stadler Rail AG, The Greenbrier Companies, Inc., TRANSMASHHOLDING, and TrinityRail.
Note: Product cover images may vary from those shown
5 of 5
  • Alstom
  • Bombardier
  • CRRC Corporation Limited
  • General Electric
  • Hitachi Ltd.
  • Siemens
  • Stadler Rail AG
  • The Greenbrier Companies Inc.
  • TRANSMASHHOLDING
  • TrinityRail
Note: Product cover images may vary from those shown
6 of 5

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

Loading
LOADING...

Adroll
adroll