Global Automated Fare Collection System Market Report By Technology (Smart Card, Magnetic Strip, NFC And OCR), By Component (Hardware And Software) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026
ID:VMR11210125
January 2020
Report Formats:
As per this study the Global Automated Fare Collection System Market was valued at USD 7.5 BN (by revenue) in 2019 and is anticipated to reach USD 16 BN by 2024 with a CAGR of 11%.
The automated fare collection system is an advanced technology that integrates various functionalities of process control, control to stations, monitors passenger flow as well as manage tariff policies of transport tickets. The main purpose of this system is to implement “Automatic Fare Collection” based on smart card technology. Technically, it replaces public transportation tickets printed on paper with electronic tickets, it calculates the fare that the customer must pay based on the time of service (time-based) or the points of entrance and exit of the system (distance-based).
Market Dynamics
The automated fare collection (AFC) system market is estimated to grow mainly due to the rise in the adoption of cashless fare collection system for transportation modes across all the developed and developing regions. Further, growing intelligence in the transportation sector along with rising investment by government in order to improve the infrastructure of the transport system is again propelling the market growth. Whereas, high installation cost and slow growth in the developing and underdeveloped region is the only major factor that can limit the market growth in the next six years.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of automated fare collection system.
Market Segmentation
The broad automated fare collection system market has been sub-grouped into technology and component. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Technology Market Share 2017
By Technology
- Smart Card
- Magnetic Strip
- Optical Character Recognition (OCR)
- Near Field Communication (NFC)
By Component
- Hardware
- Software
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for automated fare collection system in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
North America Automated Fare Collection System Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the automated fare collection system market include Advanced Card Systems Ltd., Atos SE, Cubic Transportation Systems, NXP Semiconductors, Omron Corporation, Scheidt & Bachmann GmbH, ST Electronics, Thales Group, Trapeze Group and Vix Technology. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
METHODOLOGY:
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.
1. INTRODUCTION
- Introduction To Automated Fare Collection System
- Report Description
- Objectives Of The Study
- Assumptions
- Research Scope
- Research Methodology
- Data Source
2. EXECUTIVE SUMMARY
- Market Highlight
- Global Automated Fare Collection System Market: Snapshot
3. MARKET ANALYSIS
- Drivers
- Restraints
- Opportunities
- Porter’s Five Forces Analysis
- Value Chain Analysis
4. AUTOMATED FARE COLLECTION SYSTEM MARKET ANALYSIS BY TECHNOLOGY
- Market In Smart Card
- Market In Magnetic Strip
- Market In Optical Character Recognition (OCR)
- Market In Near Field Communication (NFC)
5. AUTOMATED FARE COLLECTION SYSTEM MARKET ANALYSIS BY COMPONENT
- Market In Hardware
- Market In Software
6. AUTOMATED FARE COLLECTION SYSTEM MARKET ANALYSIS BY GEOGRAPHY
- North America (NA)
- North America Market Estimates
- North America Market Estimates By Country
- United States (U.S.) Market Estimates By Segments
- Rest Of North America Market Estimates By Segments
- Europe (EU)
- Europe Market Estimates
- Europe Market Estimates By Country
- United Kingdom (UK) Market Estimates By Segments
- Germany Market Estimates By Segments
- France Market Estimates By Segments
- Rest Of Europe Market Estimates By Segments
- Asia Pacific (APAC)
- Asia Pacific Market Estimates
- Asia Pacific Market Estimates By Country
- China Market Estimates By Segments
- Japan Market Estimates By Segments
- India Market Estimates By Segments
- Rest Of Asia Pacific Market Estimates By Segments
- Latin America (LA)
- Latin America Market Estimates
- Latin America Market Estimates By Country
- Brazil Market Estimates By Segments
- Rest Of Latin America Market Estimates By Segments
- Middle East And Africa (MEA)
- Middle East And Africa Market Estimates
- Middle East And Africa Market Estimates By Country
- Middle East Market Estimates By Segments
- Africa Market Estimates By Segments
7. COMPETITIVE LANDSCAPE OF THE AUTOMATED FARE COLLECTION SYSTEM COMPANIES
- Market Competition
- Partnerships/Collaborations/Agreements
- Mergers And Acquisitions
- New Product Launches
- Other Developments
8. COMPANY PROFILES OF THE AUTOMATED FARE COLLECTION SYSTEM INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
- Advanced Card Systems Ltd.
- Atos SE
- Cubic Transportation Systems
- NXP Semiconductors
- Omron Corporation
- Scheidt & Bachmann GmbH
- ST Electronics
- Thales Group
- Trapeze Group
- Vix Technology
* Tentative TOC
LIST OF TABLES
Table 1. Market Highlights Of Automated Fare Collection System
Table 2. Global Automated Fare Collection System Market By Technology
Table 3. Global Automated Fare Collection System Market By Component
Table 4. Global Automated Fare Collection System Market By Geography
Table 5. North America Automated Fare Collection System Market
Table 6. Europe Automated Fare Collection System Market
Table 7. Asia Pacific Automated Fare Collection System Market
Table 8. Latin America Automated Fare Collection System Market
Table 9. Middle East And Africa Automated Fare Collection System Market
Table 10. Partnership/Collaboration/Agreements
Table 11. Mergers And Acquisitions
Table 12. New Product Development
Table 13. Other Developments
LIST OF FIGURES
Fig. 1. Market Segmentation Of Automated Fare Collection System Market
Fig. 2. Top-Down Approach
Fig. 3. Bottom-Up Approach
Fig. 4. Market Highlights Of Automated Fare Collection System
Fig. 5. Porter’s Five Forces Analysis
Fig. 6. Value Chain Analysis
Fig. 7. Global Automated Fare Collection System Market By Technology
Fig. 8. Global Automated Fare Collection System Market By Component
Fig. 9. Global Automated Fare Collection System Market By Geography
Fig. 10. North America Automated Fare Collection System Market
Fig. 11. Europe Automated Fare Collection System Market
Fig. 12. Asia Pacific Automated Fare Collection System Market
Fig. 13. Latin America Automated Fare Collection System Market
Fig. 14. Middle East And Africa Automated Fare Collection System Market
Fig. 15. Market Share Of Automated Fare Collection System Companies
Fig. 16. Recent Developments In Automated Fare Collection System Industry
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments
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