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Market Research Report
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1084996

Automated Fare Collection System Market, by System Component (Hardware, Software and Services), by Application, by End Use and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published: | Coherent Market Insights | 120 Pages | Delivery time: 2-3 business days

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Automated Fare Collection System Market, by System Component (Hardware, Software and Services), by Application, by End Use and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Published: May 29, 2022
Coherent Market Insights
Content info: 120 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents

Global Automated Fare Collection System Market

The automated fare collection system is combination of multiple devices to automate the whole fare collection system in public transport such as bus station, railway station. The automated fare collection system contains ticket vending machine, automatic gate machine and ticket checking machine all connected to central unit. In automated fare collection system there is very few human interaction is required. Automated fare collection system keeps passenger flow smoothly at peak hours and also collects the various data about passenger which helps further decision making process. . In automated ticketing system different types of technologies are used such as electronic payment, smart card, and contactless ticket vending. However, there are some restrain about the automated fare collection system such as machine may fail to operate in very cold weather leading to a chaotic situation.

Market Dynamics

Growing population and penetration of internet of things (IoT) in day to day life is driving the growth of the Global Automated Fare Collection System Market in the forecast period. Growing population is creating stress on the public transport. It becomes harder day by day to do all the process like ticket distribution, checking and other related activities with human operates. For instance, in 2017, 4.3 million peoples rode New York's subway making it one of the busiest subways in US. Adoption of automated fare collection system (AFC) will reduce significant amount of work load by making it automatic.

Moreover, adoption of Internet of things (IoT) in day to day making adoption of public transport apps related easier. For instance, according to coherent market insights study, instead of buying physical ticket consumers are prefers to us app or scan Quick Response (QR) code for buying tickets. The use of mobile app and other IoT technology will help the adoption of Global Automated Fare Collection System Market faster.

Market Taxonomy

This report segments the global automated fare collection system market on the basis of system component, application, end use and region. On the basis of system component, the global automated fare collection system market is segmented into hardware, software and services. On basis of hardware, AFC market is further segmented into central computer system, station computer system and station equipment. On the basis of application, the market is segmented into bus rapid transit, light rail transit, train and others. On the basis of end-use industry, the market is segmented into public transport authority, private transport authority. On the basis of region, the market is segmented into North America, Latin America, Europe, Asia pacific and Middle East & Africa.

Key features of the study:

This report provides an in-depth analysis of the global automated fare collection system market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year

  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global automated fare collection system market based on the following parameters - regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes Cubic Corporation, Scheidt & Bachmann GmbH, Thales Group, Advantech Co. Ltd., Omron Corporation, Xerox Corporation, Advanced Card Systems Holdings Limited, Eurotech S.P.A., NEC Corporation, and Nippon Signal Co. Ltd. Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global automated fare collection system market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global automated fare collection system market

Detailed Segmentation:

  • Global Automated Fare Collection System Market, By System Component:
    • Hardware
      • Central Computer System
      • Station Computer System
      • Station Equipment
    • Software
    • Services
  • Global Automated Fare Collection System Market, By Application:
    • Bus Rapid Transit
    • Light Rail Transit
    • Train
    • Others
  • Global Automated Fare Collection System Market, By End-use Industry:
    • Public Transport Authority
    • Private Transport Authority
  • Company Profiles
    • Cubic Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • TSC Scheidt & Bachmann GmbH
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Thales Group
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Advantech Co. Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Omron Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Xerox Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Advanced Card Systems Holdings Limited
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Eurotech S.P.A.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • NEC Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Nippon Signal Co. Ltd. Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
Product Code: CMI3347

Table of Contents

1. Research Objective and Assumption

  • Research Objectives
  • Assumptions
  • Abbreviations

2. Market Purview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet, By System Component
    • Market Snippet, By Application
    • Market Snippet, By End Use
    • Market Snippet, By Region
  • Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restraints
    • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New Product Launch/Approvals
    • Value Chain Analysis
    • Porter's Analysis
    • PEST Analysis

4. Global Automated Fare Collection System Market, By System Component, 2017 - 2028 (US$ Million)

  • Introduction
    • Market Share Analysis, 2022 and 2028 (%)
    • Segment Trends
  • Direct Hardware
    • Introduction
    • Market Size and Forecast, 2017 - 2028, (US$ Million)
  • Software
    • Introduction
    • Market Size and Forecast, 2017 - 2028, (US$ Million)
  • Services
    • Introduction
    • Market Size and Forecast, 2017 - 2028, (US$ Million)

5. Global Automated Fare Collection System Market, By Application, 2017 - 2028 (US$ Million)

  • Introduction
    • Market Share Analysis, 2022 and 2028 (%)
    • Segment Trends
  • Bus Rapid Transit
    • Introduction
    • Market Size and Forecast, 2017 - 2028, (US$ Million)
  • Light Rail Transit
    • Introduction
    • Market Size and Forecast, 2017 - 2028, (US$ Million)
  • Train
    • Introduction
    • Market Size and Forecast, 2017 - 2028, (US$ Million)
  • Others
    • Introduction
    • Market Size and Forecast, 2017 - 2028, (US$ Million)

6. Global Automated Fare Collection System Market, By End-use Industry, 2017 - 2028 (US$ Million)

  • Introduction
    • Market Share Analysis, 2022 and 2028 (%)
    • Segment Trends
  • Public Transport Authority
    • Introduction
    • Market Size and Forecast, 2017 - 2028, (US$ Million)
  • Private Transport Authority
    • Introduction
    • Market Size and Forecast, 2017 - 2028, (US$ Million)

7. Global Automated Fare Collection System Market, By Region, 2017 - 2028 (US$ Million)

  • Introduction
    • Market Share Analysis, By Region, 2022 and 2028 (%)
  • North America
    • Regional Trends
    • Market Size and Forecast, By System Component, 2017 - 2028 (US$ Million)
    • Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
    • Market Size and Forecast, By End-use Industry, 2017 - 2028 (US$ Million)
    • Market Share Analysis, By Country, 2022 and 2028 (%)
    • U.S.
    • Canada
  • Europe
    • Regional Trends
    • Market Size and Forecast, By System Component, 2017 - 2028 (US$ Million)
    • Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
    • Market Size and Forecast, By End-use Industry, 2017 - 2028 (US$ Million)
    • Market Share Analysis, By Country, 2022 and 2028 (%)
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Regional Trends
    • Market Size and Forecast, By System Component, 2017 - 2028 (US$ Million)
    • Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
    • Market Size and Forecast, By End-use Industry, 2017 - 2028 (US$ Million)
    • Market Share Analysis, By Country, 2022 and 2028 (%)
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Regional Trends
    • Market Size and Forecast, By System Component, 2017 - 2028 (US$ Million)
    • Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
    • Market Size and Forecast, By End-use Industry, 2017 - 2028 (US$ Million)
    • Market Share Analysis, By Country, 2022 and 2028 (%)
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • Regional Trends
    • Market Size and Forecast, By System Component, 2017 - 2028 (US$ Million)
    • Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
    • Market Size and Forecast, By End-use Industry, 2017 - 2028 (US$ Million)
    • Market Share Analysis, By Country, 2022 and 2028 (%)
    • Israel
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

8. Competitive Landscape

  • Company Profiles
    • Cubic Corporation
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments/Updates
    • TSC Auto ID Technology Co., Ltd.
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments/Updates
    • Toshiba TEC Corporation
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments/Updates
    • Honeywell International, Inc.
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments/Updates
    • Bixolon Co., Ltd.
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments/Updates
    • Citizen Holdings Co., Ltd.
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments/Updates
    • Star Micronics Co., Ltd.
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments/Updates
    • Seiko Epson Corporation
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments/Updates
    • SATO Holdings Corporation
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments/Updates
    • Brother International Corporation
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments/Updates
  • Analyst Views

9. Section

  • References
  • Research Methodology
  • About us and Sales Contact