Automated Fare Collection System Market By Application (Bus, Toll, Train and Car rental), By Component (Software & Services, hardware) By Technology Platform (Smart card, NFC, OCR, and Others), By Geography (North America, Europe, Asia Pacific and Rest of World), Global Opportunity Analysis and Industry Forecast, 2016 - 2024
- Published Date: 2020-11-27
- Report ID: 22473
- Pages: 121
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Format:
The research report offers a comprehensive picture of the Automated Fare Collection System market. The report initiates with the executive summary of the market that includes market definition, recent industry trends, and developments, strategies of the key players and wide product offerings. Moreover, the study explains the future opportunities and a sketch of the key participants actively operating in the market.
About Automated Fare Collection System Market
Automated Fare Collection System Market was valued at $4.81 billion in 2016 and is projected to reach $12.81 billion by 2024, growing at a CAGR of 13.3% from 2017 to 2024.By application type, Bus segment, generated the highest revenue share of $1.28 billion in 2016, growing at a CAGR of 13.6% in the global AFC market. Among major regions, North America AFC market was the highest revenue generating market valued at $1.6 billion in 2016. An automated fare collection system, or AFC system, is a set of components that helps in the automation of ticketing systems of a public transportation network. The AFC system is usually the basis for integrated ticketing. Various technologies such as contactless smart cards and tokens have been seen more frequently in AFC. AFC enhances the efficiency in fare collection, improves the overall transaction rate, and saves an extensive amount of time, thereby minimizing waiting time in queues and searching for cash to buy tickets. Factors that are driving the growth of the AFC market are the enhanced benefits of AFC. Inclination of the people towards adopting new technologies, and the development of new technologies for AFC such as advanced traffic management system, commercial vehicle operation, AFC enabled retail system, automated transportation pricing system, and advanced public transportation system are driving the AFC market growth.
The research report is prepared based on the combination of qualitative as well as quantitative aspects. By thorough understanding, the report is fragmented by larger ratios. The report covers in-depth analysis with major factors such as drivers, restraints, opportunities, and challenges that influences the growth of the market. On the other hand, The Automated Fare Collection System report presents data starting from the base year 2018, historical year: 2014-2018, estimated the year 2019 and Forecast year from 2019 to 2026.
The Automated Fare Collection System market report offers the market size and estimates the forecast from 2019-2026. The forecast estimation is predicted based on the key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East & Africa. Furthermore, the Automated Fare Collection System report provides a deep emphasis on secondary tools used to document the report. PEST analysis, SWOT, Porters Five Forces, and others are considered by the analysts while preparing the report.
Scope and Segmentation of the Market
Based on Type
Product 1
Product 2
Based on Application
Bus
Toll
Train
Car Rental
Each segment of the Automated Fare Collection System market is extensively evaluated in the research study. The segment analysis covered in the report aims at the key opportunities available in the Automated Fare Collection System market report by leading segments. In addition, the research report offers market dynamics for the market that influences qualitative as well as quantitative research.
Research Methodology
The report follows a comprehensive and rigorous research methodology to provide you accurate estimates and forecasts of a particular market. The report provide estimates, forecast, and analysis primarily based on secondary research, primary interviews, in-house database and other free as well as paid sources. In addition, the research methodology we follow is a systematic approach in order to estimate and project the market sizing keeping in mind all the ongoing and upcoming trends of the market.
Competitive Landscape
Key players profiled in this report include (Sales Revenue, Price, Gross Margin, Main Products, etc.):
Advanced Card Systems Ltd.
Atos SE
Cubic Transportation Systems
LG CNS
NXP Semiconductors
Omron Corp.
Samsung SDS
Scheidt & Bachmann
Thales Group
LECIP Group
Through the successive chapters on the company, profiles provide deep insights on players operating in the Automated Fare Collection System market. It focuses on the financial outlook of the key players, the status of R&D, strategies adopted, expansion strategies, and many more. Analysts preparing the report have offered a detailed list of the strategic initiatives adopted by the Automated Fare Collection System market participants by referring past records and designing strategies to be adopted in the coming years. This enables the key players to stay ahead in the competition.
Regional Landscape
The chapter on regional segmentation details the regional aspects of the Automated Fare Collection System market. This chapter explains the regulatory framework that is likely to impact the overall market. It highlights the political scenario in the market and anticipates its influence on the Automated Fare Collection System market. Moreover, the report focuses on value and volume at the regional level, company level, and level.
Chapters covered under this report include:
Chapter 1, describes the Automated Fare Collection System market reports - market overview, executive summary, and market scope. Further, the report adds a support base to identify the information and pick in relation to the aforementioned market
Chapter 2, defines the research methodology based on primary as well as secondary research, secondary data sources, and assumptions & exclusions
Chapter 3, description of Automated Fare Collection System market in terms of its product scope, opportunities, drivers, restraints, and market risks
Chapter 4, the report offers a company profile of the top manufacturers of Automated Fare Collection System market with its sales, revenue, share, and others
Chapter 5 and 6, to narrow down the sales data at the country level with shares, revenue, sand sales from 2018-2026
Chapter 7, the Automated Fare Collection System market data is published based on a regional level and to show the revenue, sales, and growth on basis of the base year 2018, historical year: 2014-2018, estimated the year 2019 and Forecast year from 2019 to 2026
Chapter 8, describes the Automated Fare Collection System market sales channels, distributors, research findings, appendix, and among others.
CHAPTER 1. INTRODUCTION
1.1. RESEARCH METHODOLOGY
1.1.1. ERC desk research
1.1.2. ERC data synthesis
1.1.3. Data validation and market feedback
1.1.4. ERC data sources
1.2. RESEARCH SCOPE
CHAPTER 2.MARKETLANDSCAPE
2.1. RESEARCH SUMMARY
2.2. VALUE CHAIN ANALYSIS
2.3. FIVE FORCES ANALYSIS
2.4. MARKET PLAYER POSITIONING
2.5. DEMAND FORECAST
2.6. BUSINESS INTELLIGENCE & STRATEGIC ANALYSIS
2.7. MARKET DETERMINANTS
2.6.1. Key impacting factors
2.6.2. Drivers
2.6.2.1. Decrease in fraud rates
2.6.2.2. Manageable fare plans
2.6.2.3. Improved efficiency
2.6.2.4. Improves security transport & infrastructure system
2.6.2.5. Contactless payment
2.6.3. Restraints
2.6.3.1. High initial investment
2.6.3.2. High maintainance cost
2.6.4. Opportunities
2.6.4.1. Rise in the technology payment sector
2.6.4.2. Improvement in public transport
CHAPTER 3. GLOBAL AUTOMATED FARE COLLECTION MARKET BY APPLICATION
3.1.SEGMENT OUTLINE
3.2. GLOBAL AUTOMATED FARE COLLECTION MARKET REVENUE BY APPLICATION, 2016-2024
3.3. BUS FARE COLLECTION
3.3.1.Trend analysis
3.3.2.Market growth indicators
3.3.3. Global bus fare collection market revenue by region, 2016-2024
3.4. ELECTRONIC TOLL FARE COLLECTION
3.4.1.Trend analysis
3.4.2.Market growth indicators
3.4.3. Global electronic toll fare collection market revenue by region, 2016-2024
3.5. TRAIN FARE COLLECTION
3.5.1.Trend analysis
3.5.2.Market growth indicators
3.5.3. Global train fare collection market revenue by region, 2016-2024
3.6. CAR RENTAL FARE COLLECTION
3.6.1.Trend analysis
3.6.2.Market growth indicators
3.6.3. Global car rental fare collection market revenue by region, 2016-2024
CHAPTER 4. GLOBAL AUTOMATED FARE COLLECTION MARKET BY COMPONENT
4.1.SEGMENT OUTLINE
4.2. GLOBAL AUTOMATED FARE COLLECTION MARKET REVENUE BY COMPONENT, 2016-2024
4.3. SOFTWARE AND SERVICES
4.3.1.Trend analysis
4.3.2.Market growth indicators
4.3.3. Global software & services fare collection market revenue by region, 2016-2024
4.4. HARDWARE
4.4.1.Trend analysis
4.4.2.Market growth indicators
4.4.3. Global hardware fare collection market revenue by region, 2016-2024
CHAPTER 5. GLOBAL AUTOMATED FARE COLLECTION MARKET BY TECHNOLOGY PLATFORM
5.1.SEGMENT OUTLINE
5.2. GLOBAL AUTOMATED FARE COLLECTION MARKET REVENUE BY TECHNOLOGY PLATFORM, 2016-2024
5.3. SMART CARD
5.3.1.Trend analysis
5.3.2.Market growth indicators
5.3.3. Global smart card fare collection market revenue by region, 2016-2024
5.4. NEAR FIELD COMMUNICATION (NFC)
5.4.1.Trend analysis
5.4.2.Market growth indicators
5.4.3. Global near field communication fare collection market revenue by region, 2016-2024
5.5. OPTICAL CHARACTER RECOGNITION (OCR)
5.5.1.Trend analysis
5.5.2.Market growth indicators
5.5.3. Global optical character recognition fare collection market revenue by region, 2016-2024
5.6. OTHERS (BARCODING & MAGNETIC STRIPS)
5.6.1.Trend analysis
5.6.2.Market growth indicators
5.6.3. Global other fare collection market revenue by region, 2016-2024
CHAPTER 6. GLOBAL AUTOMATED FARE COLLECTION MARKET BY GEOGRAPHY
6.1.SEGMENT OUTLINE
6.2. GLOBAL AUTOMATED FARE COLLECTION MARKET REVENUE BY GEOGRAPHY, 2016-2024
6.3. NORTH AMERICA
6.3.1. Trend analysis,Market growth indicators
6.3.2. Market estimate and forcast
6.3.3. North America automated fare collection market revenue by application type, 2016-2024
6.4. EUROPE
6.4.1. Trend analysis,Market growth indicators
6.4.2. Market estimate and forcast
6.4.3. Europe automated fare collection market revenue by application type, 2014-2024
6.5. ASIA PACIFIC
6.5.1. Trend analysis,Market growth indicators
6.5.2. Market estimate and forcast
6.5.3. Asia Pacific automated fare collection market revenue by application type, 2016-2024
6.6. REST OF THE WORLD
6.6.1. Trend analysis,Market growth indicators
6.6.2. Market estimate and forcast
6.6.3. Rest of the world automated fare collection market revenue by application type, 2016-2024
CHAPTER 7.KEY VENDOR PROFILES
7.1. LG CNS CO., LTD
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Business overview
7.1.4.Strategic Analysis
7.2. SCHEIDT & BACHMANN GMBH
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Business overview
7.2.4.Strategic Analysis
7.3. SAMSUNG SDS
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Business overview
7.3.4.Strategic Analysis
7.4. ATOS SE
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Business overview
7.4.4.Strategic Analysis
7.5. ADVANCED CARD SYSTEMS HOLDINGS LTD.
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Business overview
7.5.4.Strategic Analysis
7.6. OMRON CORPORATION
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Business overview
7.6.4.Strategic Analysis
7.7. CUBIC TRANSPORTATION SYSTEMS
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Business overview
7.7.4.Strategic Analysis
7.8. THALES
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Business overview
7.8.4.Strategic Analysis
7.9. NXP SEMICONDUCTORS
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Business overview
7.9.4.Strategic Analysis
7.10. LECIP GROUP
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Business overview
7.10.4.Strategic Analysis
LIST OF TABLES
TABLE NO 1. GLOBAL AUTOMATED FARE COLLECTION MARKET REVENUE BY APPLICATION, 2016-2024 ($MILLION)
TABLE NO 2. GLOBAL BUS FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
TABLE NO 3. GLOBAL ELECTRONIC TOLL FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
TABLE NO 4. GLOBAL TRAIN FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
TABLE NO 5. GLOBAL CAR RENTAL FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
TABLE NO 6. GLOBAL AUTOMATED FARE COLLECTION MARKET REVENUE BY COMPONENT, 2016-2024 ($MILLION)
TABLE NO 7. GLOBAL SOFTWARE & SERVICES FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
TABLE NO 8. GLOBAL HARDWARE FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($ MILLION)
TABLE NO 9. GLOBAL AUTOMATED FARE COLLECTION MARKET REVENUE BY TECHNOLOGY PLATFORM, 2016-2024 ($MILLION)
TABLE NO 10. GLOBAL SMART CARD FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
TABLE NO 11. GLOBAL NEAR FIELD COMMUNICATION FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
TABLE NO 12. GLOBAL OPTICAL CHARACTER RECOGNITION FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
TABLE NO 13. GLOBAL OTHER FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
TABLE NO 14. GLOBAL AUTOMATED FARE COLLECTION MARKET REVENUE BY GEOGRAPHY, 2016-2024 ($MILLION)
TABLE NO 15. NORTH AMERICA AUTOMATED FARE COLLECTION MARKET REVENUE BY APPLICATION TYPE, 2016-2024 ($MILLION)
TABLE NO 16. EUROPE AUTOMATED FARE COLLECTION MARKET REVENUE BY APPLICATION TYPE, 2014-2024 ($MILLION)
TABLE NO 17. ASIA PACIFIC AUTOMATED FARE COLLECTION MARKET REVENUE BY APPLICATION TYPE, 2016-2024 ($MILLION)
TABLE NO 18. REST OF THE WORLD AUTOMATED FARE COLLECTION MARKET REVENUE BY APPLICATION TYPE, 2016-2024 ($MILLION)
TABLE NO 19. LG CNS CO., LTD SNAPSHOT
TABLE NO 20. KEY STRATEGIES LG CNS CO., LTD
TABLE NO 21. SCHEIDT & BACHMANN GMBH SNAPSHOT
TABLE NO 22. KEY STRATEGIES SCHEIDT & BACHMANN GMBH
TABLE NO 23. SAMSUNG SDS SNAPSHOT
TABLE NO 24. KEY STRATEGIES SAMSUNG SDS
TABLE NO 25. ATOS SE SNAPSHOT
TABLE NO 26. KEY STRATEGIES ATOS SE
TABLE NO 27. ADVANCED CARD SYSTEMS HOLDINGS LTD. SNAPSHOT
TABLE NO 28. KEY STRATEGIES ADVANCED CARD SYSTEMS HOLDINGS LTD.
TABLE NO 29. OMRON CORPORATION SNAPSHOT
TABLE NO 30. KEY STRATEGIES OMRON CORPORATION
TABLE NO 31. CUBIC TRANSPORTATION SYSTEMS SNAPSHOT
TABLE NO 32. KEY STRATEGIES CUBIC TRANSPORTATION SYSTEMS
TABLE NO 33. THALES SNAPSHOT
TABLE NO 34. KEY STRATEGIES THALES
TABLE NO 35. NXP SEMICONDUCTORS SNAPSHOT
TABLE NO 36. KEY STRATEGIES NXP SEMICONDUCTORS
TABLE NO 37. LECIP GROUP SNAPSHOT
TABLE NO 38. KEY STRATEGIES LECIP GROUP
LIST OF FIGURES
FIGURE NO 1. VALUE CHAIN ANALYSIS
FIGURE NO 2. FIVE FORCES ANALYSIS
FIGURE NO 3. MARKET SHARE ANALYSIS
FIGURE NO 4. INVESTMENT OPPORTUNITIES
FIGURE NO 5. KEY STRATEGIC ATTEMPTS (%SHARE)
FIGURE NO 6. KEY IMPACTING FACTORS
FIGURE NO 7. GLOBAL AUTOMATED FARE COLLECTION MARKET REVENUE BY APPLICATION, 2016-2024 ($MILLION)
FIGURE NO 8. GLOBAL BUS FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
FIGURE NO 9. GLOBAL ELECTRONIC TOLL FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
FIGURE NO 10. GLOBAL TRAIN FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($ MILLION)
FIGURE NO 11. GLOBAL CAR RENTAL FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
FIGURE NO 12. GLOBAL AUTOMATED FARE COLLECTION MARKET REVENUE BY COMPONENT, 2016-2024 ($MILLION)
FIGURE NO 13. GLOBAL SOFTWARE & SERVICES FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($ MILLION)
FIGURE NO 14. GLOBAL HARDWARE FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
FIGURE NO 15. GLOBAL AUTOMATED FARE COLLECTION MARKET REVENUE BY TECHNOLOGY PLATFORM, 2016-2024 ($ MILLION)
FIGURE NO 16. GLOBAL SMART CARD FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
FIGURE NO 17. GLOBAL NEAR FIELD COMMUNICATION FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
FIGURE NO 18. GLOBAL OPTICAL CHARACTER RECOGNITION FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
FIGURE NO 19. GLOBAL OTHER FARE COLLECTION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
FIGURE NO 20. GLOBAL AUTOMATED FARE COLLECTION MARKET REVENUE BY GEOGRAPHY, 2016-2024 ($MILLION)
FIGURE NO 21. NORTH AMERICA AUTOMATED FARE COLLECTION MARKET REVENUE BY APPLICATION TYPE, 2016-2024 ($MILLION)
FIGURE NO 22. EUROPE AUTOMATED FARE COLLECTION MARKET REVENUE BY APPLICATION TYPE, 2014-2024 ($MILLION)
FIGURE NO 23. ASIA PACIFIC AUTOMATED FARE COLLECTION MARKET REVENUE BY APPLICATION TYPE, 2016-2024 ($MILLION)
FIGURE NO 24. REST OF THE WORLD AUTOMATED FARE COLLECTION MARKET REVENUE BY APPLICATION TYPE, 2016-2024 ($MILLION)
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