Europe Automated Fare Collection System Market By Component (Hardware, and Software & Services), By Technology (Near Field Communication (NFC), Smart Card, Magnetic Stripes and Others), By End User Industry, By System Type, By Country, Competition, Forecast & Opportunities, 2025

The European Automated Fare Collection System Market is expected to grow at an impressive rate during the forecast period. Automated fare collection system brings efficiency in fare collection process, saves time and enhances the overall transaction rate, which in turn minimizes the waiting time in queues and the need for cash in order to buy tickets. The key factor expected to drive the market growth over the coming years is surging the demand for efficient and hassle-free transportation systems. In addition to this, rising utility of plastic money, real-time payments, and digital payment gateways like credit & debit cards and near field communication payment applications are further anticipated to bode well for the growth of automated fare collection system in the region. However, some factors that might act as major impediments to the market growth through 2025 includes high installation and maintenance costs.

The European Automated Fare Collection System Market is segmented based on component, technology, end-user industry, system type, region and company. Based on technology, the market can be segmented into near-field communication (NFC), smart card, magnetic stripes and others. Until 2019, smart card technology was the dominant segment and is projected to continue to hold its dominance through 2025 as well which can be attributed to its enhanced operating flexibility and faster processing speed when compared to magnetic stripe cards. Also, the NFC segment is anticipated to witness the highest CAGR during the next 5 years on account of growing consumer preference for cashless fare collection system for several modes of public transportation.

Major players operating in the European Automated Fare Collection System Market include Cubic Corporation, Indra, Thales Group, GMV, ST Electronics, ATOS, Longbow Technologies S/B, Samsung SDS, Genfare, Advanced Card Systems Holdings Limited and others.

Years considered for this report:

• Historical Years: 2015–2018
• Base Year: 2019
• Estimated Year: 2020
• Forecast Period: 2021–2025

Objective of the Study:

• To analyze and forecast the market size of the European Automated Fare Collection System Market.
• To classify and forecast the European Automated Fare Collection System Market based on component, technology, end-user industry, system type, company and regional distribution.
• To identify drivers and challenges for the European Automated Fare Collection System Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the European Automated Fare Collection System Market.
• To conduct pricing analysis for the European Automated Fare Collection System Market.
• To identify and analyze the profile of leading players operating in the European Automated Fare Collection System Market.

The author performed both primary as well as exhaustive secondary research for this study. Initially, they sourced a list of manufacturers across the region. Subsequently, they conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, they could include the manufacturers which could not be identified due to the limitations of secondary research. The author analyzed the manufacturers, distribution channels and presence of all major players across the region.

The author calculated the market size of the European Automated Fare Collection System Market by using a bottom-up approach, wherein the data for various end-user segments was recorded and forecast for the future years. They sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Automated fare collection system manufacturers, suppliers and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to automated fare collection system
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:
In this report, the European Automated Fare Collection System Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Component:

• Hardware
• Software & Services

Market, By Technology:

• Near-Field Communication (NFC)
• Smart Card
• Magnetic Stripes
• Others

Market, By End-User Industry:

• Transportation and Logistics
• Government
• Media and Entertainment
• Retail
• Others

Market, By System Type:

• Ticket Vending Machine
• Ticket Office Machine
• Fare Gates
• IC Cards

Market, By Country:

• Germany
• United Kingdom
• France
• Russia
• Spain
• Italy
• Poland

Competitive Landscape:

• Company Profiles: Detailed analysis of the major companies present in the European Automated Fare Collection System Market.

Available Customizations:
With the given market data, the author offers customizations according to a client’s specific needs.

This report will be delivered within 3 business days and will include the latest impact analysis of COVID-19.