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Market Research Report
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1044485

Global Automated Fare Collection Market Size study, by Component by Technology by System by End Use and Regional Forecasts 2021-2027

Published: | Bizwit Research & Consulting LLP | Delivery time: 2-3 business days

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Global Automated Fare Collection Market Size study, by Component by Technology by System by End Use and Regional Forecasts 2021-2027
Published: December 7, 2021
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

Global Automated Fare Collection Market is valued approximately USD 10.52 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 13.6 % over the forecast period 2021-2027. Automated Fare Collection (AFC) refers to a ticketing system in public transport where the fare is no longer paid directly but via through an automated system. The Fare is directly debited from bank account of the driver or the owner. Automated Fare collection market is gaining popularity due to reduced payment time and enhanced payment security. Growing infrastructure development sector and rapid penetration of digital transection gateways are key drivers for the growth of the global Automated fare collection Market. According to Statista, total digital transaction value is expected to show an annual growth rate (CAGR 2021-2025) of 12.24% resulting in a estimated total amount of USD 10,71.3 billion by 2025. Also, increasing government expenditure on technological infrastructure development, the adoption & demand for Automated Fare Collection is likely to increase the market growth during the forecast period. However, high manufacturing and installation costs impedes the growth of the market over the forecast period.

The key regions considered for the global Automated Fare Collection market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing quick adoption of emerging technologies in this region and availability of required infrastructure. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Rising investments from governments of emerging economies aimed at the development of technological infrastructure would create lucrative growth prospects for the Automated Fare Collection market across Asia-Pacific region.

Major market player included in this report are:

Cubic Corporation (US)

Indra Sistemas (Spain)

Thales (France)

GMV (Spain)

ST Electronics (Singapore)

ATOS (France)

Longbow Technologies S/B (Malaysia)

Samsung SDS (Korea)

Genfare (US)

Advanced Card Systems Ltd. (Hong Kong)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

Hardware

Software

By Technology:

Smart Card

Magnetic Stripe

Near Field Communication (NFC)

Optical Character Recognition (OCR)

By System:

Ticket Vending Machine (TVM)

Ticket Office Machine (TOM)

Fare Gates

IC Card

By End Use:

Railways & Transportation

Parking

Entertainment

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019

Base year - 2020

Forecast period - 2021 to 2027

Target Audience of the Global Automated Fare Collection Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
    • 1.2.1. Automated Fare Collection Market, by Region, 2019-2027 (USD Billion)
    • 1.2.2. Automated Fare Collection Market, by Component, 2019-2027 (USD Billion)
    • 1.2.3. Automated Fare Collection Market, by Technology, 2019-2027 (USD Billion)
    • 1.2.4. Automated Fare Collection Market, by System, 2019-2027 (USD Billion)
    • 1.2.5. Automated Fare Collection Market, by End Use, 2019-2027 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Automated Fare Collection Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Automated Fare Collection Market Dynamics

  • 3.1. Automated Fare Collection Market Impact Analysis (2019-2027)
    • 3.1.1. Market Drivers
      • 3.1.1.1. Increasing Penetration of digital Transections gateways
      • 3.1.1.2. Growing Infrastructure development sector
    • 3.1.2. Market Challenges
      • 3.1.2.1. High installation and maintenance Cost.
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Increasing government expenditure on technology.

Chapter 4. Global Automated Fare Collection Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion
  • 4.5. Top investment opportunity
  • 4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

    • 5.1.1. Assessment of the overall impact of COVID-19 on the industry
    • 5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Automated Fare Collection Market, by Component

  • 6.1. Market Snapshot
  • 6.2. Global Automated Fare Collection Market by Component, Performance - Potential Analysis
  • 6.3. Global Automated Fare Collection Market Estimates & Forecasts by Component 2018-2027 (USD Billion)
  • 6.4. Automated Fare Collection Market, Sub Segment Analysis
    • 6.4.1. Hardware
    • 6.4.2. Software

Chapter 7. Global Automated Fare Collection Market, by Technology

  • 7.1. Market Snapshot
  • 7.2. Global Automated Fare Collection Market by Technology, Performance - Potential Analysis
  • 7.3. Global Automated Fare Collection Market Estimates & Forecasts by Technology 2018-2027 (USD Billion)
  • 7.4. Automated Fare Collection Market, Sub Segment Analysis
    • 7.4.1. Smart Card
    • 7.4.2. Magnetic Stripe
    • 7.4.3. Near Field Communication (NFC)
    • 7.4.4. Optical Character Recognition (OCR)

Chapter 8. Global Automated Fare Collection Market, by System

  • 8.1. Market Snapshot
  • 8.2. Global Automated Fare Collection Market by System, Performance - Potential Analysis
  • 8.3. Global Automated Fare Collection Market Estimates & Forecasts by System 2018-2027 (USD Billion)
  • 8.4. Automated Fare Collection Market, Sub Segment Analysis
    • 8.4.1. Ticket Vending Machine (TVM)
    • 8.4.2. Ticket Office Machine (TOM)
    • 8.4.3. Fare Gates
    • 8.4.4. IC Card
    • 8.4.5. Global Automated Fare Collection Market, by End Use
    • 8.4.6. Market Snapshot
    • 8.4.7. Global Automated Fare Collection Market by End Use, Performance - Potential Analysis
    • 8.4.8. Global Automated Fare Collection Market Estimates & Forecasts by End Use 2018-2027 (USD Billion)
    • 8.4.9. Automated Fare Collection Market, Sub Segment Analysis
    • 8.4.10. Railways & Transportation
    • 8.4.11. Parking
    • 8.4.12. Entertainment
    • 8.4.13. Others

Chapter 9. Global Automated Fare Collection Market, Regional Analysis

  • 9.1. Automated Fare Collection Market, Regional Market Snapshot
  • 9.2. North America Automated Fare Collection Market
    • 9.2.1. U.S. Automated Fare Collection Market
      • 9.2.1.1. Component breakdown estimates & forecasts, 2018-2027
      • 9.2.1.2. Technology breakdown estimates & forecasts, 2018-2027
      • 9.2.1.3. System breakdown estimates & forecasts, 2018-2027
      • 9.2.1.4. End Use breakdown estimates & forecasts, 2018-2027
    • 9.2.2. Canada Automated Fare Collection Market
  • 9.3. Europe Automated Fare Collection Market Snapshot
    • 9.3.1. U.K. Automated Fare Collection Market
    • 9.3.2. Germany Automated Fare Collection Market
    • 9.3.3. France Automated Fare Collection Market
    • 9.3.4. Spain Automated Fare Collection Market
    • 9.3.5. Italy Automated Fare Collection Market
    • 9.3.6. Rest of Europe Automated Fare Collection Market
  • 9.4. Asia-Pacific Automated Fare Collection Market Snapshot
    • 9.4.1. China Automated Fare Collection Market
    • 9.4.2. India Automated Fare Collection Market
    • 9.4.3. Japan Automated Fare Collection Market
    • 9.4.4. Australia Automated Fare Collection Market
    • 9.4.5. South Korea Automated Fare Collection Market
    • 9.4.6. Rest of Asia Pacific Automated Fare Collection Market
  • 9.5. Latin America Automated Fare Collection Market Snapshot
    • 9.5.1. Brazil Automated Fare Collection Market
    • 9.5.2. Mexico Automated Fare Collection Market
  • 9.6. Rest of The World Automated Fare Collection Market

Chapter 10. Competitive Intelligence

  • 10.1. Top Market Strategies
  • 10.2. Company Profiles
    • 10.2.1. Cubic Corporation (US)
      • 10.2.1.1. Key Information
      • 10.2.1.2. Overview
      • 10.2.1.3. Financial (Subject to Data Availability)
      • 10.2.1.4. Product Summary
      • 10.2.1.5. Recent Developments
    • 10.2.2. Indra Sistemas (Spain)
    • 10.2.3. Thales (France)
    • 10.2.4. GMV (Spain)
    • 10.2.5. ST Electronics (Singapore)
    • 10.2.6. ATOS (France)
    • 10.2.7. Longbow Technologies S/B (Malaysia)
    • 10.2.8. Samsung SDS (Korea)
    • 10.2.9. Genfare (US)
    • 10.2.10. Advanced Card Systems Ltd. (Hong Kong)

Chapter 11. Research Process

  • 11.1. Research Process
    • 11.1.1. Data Mining
    • 11.1.2. Analysis
    • 11.1.3. Market Estimation
    • 11.1.4. Validation
    • 11.1.5. Publishing
  • 11.2. Research Attributes
  • 11.3. Research Assumption

LIST OF TABLES

  • TABLE 1. Global Automated Fare Collection market, report scope
  • TABLE 2. Global Automated Fare Collection market estimates & forecasts by Region 2018-2027 (USD Billion)
  • TABLE 3. Global Automated Fare Collection market estimates & forecasts by Component 2018-2027 (USD Billion)
  • TABLE 4. Global Automated Fare Collection market estimates & forecasts by Technology 2018-2027 (USD Billion)
  • TABLE 5. Global Automated Fare Collection market estimates & forecasts by System 2018-2027 (USD Billion)
  • TABLE 6. Global Automated Fare Collection market estimates & forecasts by End Use 2018-2027 (USD Billion)
  • TABLE 7. Global Automated Fare Collection market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 8. Global Automated Fare Collection market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 9. Global Automated Fare Collection market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 10. Global Automated Fare Collection market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 11. Global Automated Fare Collection market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 12. Global Automated Fare Collection market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 13. Global Automated Fare Collection market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 14. Global Automated Fare Collection market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 15. Global Automated Fare Collection market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 16. Global Automated Fare Collection market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 17. U.S. Automated Fare Collection market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 18. U.S. Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 19. U.S. Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 20. Canada Automated Fare Collection market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 21. Canada Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 22. Canada Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 23. UK Automated Fare Collection market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 24. UK Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 25. UK Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 26. Germany Automated Fare Collection market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 27. Germany Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 28. Germany Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 29. RoE Automated Fare Collection market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 30. RoE Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 31. RoE Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 32. China Automated Fare Collection market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 33. China Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 34. China Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 35. India Automated Fare Collection market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 36. India Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 37. India Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 38. Japan Automated Fare Collection market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 39. Japan Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 40. Japan Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 41. RoAPAC Automated Fare Collection market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 42. RoAPAC Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 43. RoAPAC Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 44. Brazil Automated Fare Collection market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 45. Brazil Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 46. Brazil Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 47. Mexico Automated Fare Collection market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 48. Mexico Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 49. Mexico Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 50. RoLA Automated Fare Collection market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 51. RoLA Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 52. RoLA Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 53. Row Automated Fare Collection market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 54. Row Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 55. Row Automated Fare Collection market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 56. List of secondary sources, used in the study of global Automated Fare Collection market
  • TABLE 57. List of primary sources, used in the study of global Automated Fare Collection market
  • TABLE 58. Years considered for the study
  • TABLE 59. Exchange rates considered

LIST OF FIGURES

List of figures

  • FIG 1. Global Automated Fare Collection market, research methodology
  • FIG 2. Global Automated Fare Collection market, market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global Automated Fare Collection market, key trends 2020
  • FIG 5. Global Automated Fare Collection market, growth prospects 2021-2027
  • FIG 6. Global Automated Fare Collection market, porters 5 force model
  • FIG 7. Global Automated Fare Collection market, pest analysis
  • FIG 8. Global Automated Fare Collection market, value chain analysis
  • FIG 9. Global Automated Fare Collection market by segment, 2018 & 2027 (USD Billion)
  • FIG 10. Global Automated Fare Collection market by segment, 2018 & 2027 (USD Billion)
  • FIG 11. Global Automated Fare Collection market by segment, 2018 & 2027 (USD Billion)
  • FIG 12. Global Automated Fare Collection market by segment, 2018 & 2027 (USD Billion)
  • FIG 13. Global Automated Fare Collection market by segment, 2018 & 2027 (USD Billion)
  • FIG 14. Global Automated Fare Collection market, regional snapshot 2018 & 2027
  • FIG 15. North America Automated Fare Collection market 2018 & 2027 (USD Billion)
  • FIG 16. Europe Automated Fare Collection market 2018 & 2027 (USD Billion)
  • FIG 17. Asia pacific Automated Fare Collection market 2018 & 2027 (USD Billion)
  • FIG 18. Latin America Automated Fare Collection market 2018 & 2027 (USD Billion)
  • FIG 19. Global Automated Fare Collection market, company market share analysis (2020)