Market Overview:
The global automated fare collection market reached a value of US$ 6.3 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 11.4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Automated fare collection (AFC) refers to a software-based ticketing system usually deployed at entry and exit points of public transport units. It is used for metro trains, buses, rapid transit systems and boats. It consists of an automatic gate, ticket vending and ticket checking machines and recharging terminals. AFC systems are also compatible with various payment methods, such as open and closed-loop systems, mobile applications, top-ups and physical ticketing. In comparison to the traditional fare collection systems, AFCs offer various benefits, such as contactless payment, higher operational transparency and minimal risks of human error and chances of cloning, theft or missed payment.
Rapid digitization across industries, along with the widespread adoption of sustainable and smart public transport infrastructure, is one of the key factors creating a positive outlook for the market. AFC systems are being used across the globe to improve public convenience by minimizing waiting time in queues. Furthermore, the increasing utilization of smartphone applications to access travel route information and online booking of tickets, is also driving the market growth. These applications are equipped with contactless open payment solutions through debit and credit cards, which ensures a hassle-free fare payment experience. Additionally, various technological advancements, such as the development of open road tolling (ORT) and near-field communication (NFC) systems, are acting as other growth-inducing factors. These systems are installed on toll booths for enabling free-flowing toll collection and minimizing traffic congestion. Other factors, including the implementation of favorable government policies to improve transport infrastructure, along with the increasing development of smart cities across the globe, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automated fare collection market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on component, system type, technology and application.
Breakup by Component:
- Hardware
- Software and Services
Breakup by System Type:
- Ticket Vending Machine (TVM)
- Ticket Office Machine (TOM)
- Fare Gates
- IC Cards
Breakup by Technology:
- Smart Card
- Magnetic Stripe
- Near Field Communication (NFC)
- Others
Breakup by Application:
- Railways and Transportation
- Parking
- Entertainment
- Others
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Advanced Card Systems Limited (HNA Technology Investments Holdings), Atos SE, Cubic Corporation, Indra Sistemas SA, Nippon Signal Co. Ltd., NXP Semiconductors N.V., Omron Corporation, Scheidt & Bachmann GmbH, Siemens AG, Sony Corporation, STMicroelectronics and Thales Group.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2020 |
| Historical Period |
2015-2020 |
| Forecast Period |
2021-2026 |
| Units |
US$ Billion |
| Segment Coverage |
Component, System Type, Technology, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Advanced Card Systems Limited (HNA Technology Investments Holdings), Atos SE, Cubic Corporation, Indra Sistemas SA, Nippon Signal Co. Ltd., NXP Semiconductors N.V., Omron Corporation, Scheidt & Bachmann GmbH, Siemens AG, Sony Corporation, STMicroelectronics and Thales Group |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global automated fare collection market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global automated fare collection market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the system type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global automated fare collection market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automated Fare Collection Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software and Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by System Type
7.1 Ticket Vending Machine (TVM)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Ticket Office Machine (TOM)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Fare Gates
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 IC Cards
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Technology
8.1 Smart Card
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Magnetic Stripe
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Near Field Communication (NFC)
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Application
9.1 Railways and Transportation
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Parking
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Entertainment
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Advanced Card Systems Limited (HNA Technology Investments Holdings)
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Atos SE
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Cubic Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Indra Sistemas SA
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Nippon Signal Co. Ltd.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 NXP Semiconductors N.V.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Omron Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Scheidt & Bachmann GmbH
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Siemens AG
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Sony Corporation
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 STMicroelectronics
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Thales Group
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Automated Fare Collection Market: Major Drivers and Challenges
Figure 2: Global: Automated Fare Collection Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Automated Fare Collection Market: Breakup by Component (in %), 2020
Figure 4: Global: Automated Fare Collection Market: Breakup by System Type (in %), 2020
Figure 5: Global: Automated Fare Collection Market: Breakup by Technology (in %), 2020
Figure 6: Global: Automated Fare Collection Market: Breakup by Application (in %), 2020
Figure 7: Global: Automated Fare Collection Market: Breakup by Region (in %), 2020
Figure 8: Global: Automated Fare Collection Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 9: Global: Automated Fare Collection (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Automated Fare Collection (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Automated Fare Collection (Software and Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Automated Fare Collection (Software and Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Automated Fare Collection (Ticket Vending Machine- TVM) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Automated Fare Collection (Ticket Vending Machine- TVM) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Automated Fare Collection (Ticket Office Machine- TOM) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Automated Fare Collection (Ticket Office Machine- TOM) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Automated Fare Collection (Fare Gates) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Automated Fare Collection (Fare Gates) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Automated Fare Collection (IC Cards) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Automated Fare Collection (IC Cards) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Automated Fare Collection (Smart Card) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Automated Fare Collection (Smart Card) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Automated Fare Collection (Magnetic Stripe) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Automated Fare Collection (Magnetic Stripe) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Automated Fare Collection (Near Field Communication- NFC) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Automated Fare Collection (Near Field Communication- NFC) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Automated Fare Collection (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Automated Fare Collection (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Automated Fare Collection (Railways and Transportation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Automated Fare Collection (Railways and Transportation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Automated Fare Collection (Parking) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Automated Fare Collection (Parking) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Automated Fare Collection (Entertainment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Automated Fare Collection (Entertainment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Automated Fare Collection (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Automated Fare Collection (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: North America: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: North America: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: United States: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: United States: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Canada: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Canada: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Asia Pacific: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Asia Pacific: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: China: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: China: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Japan: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Japan: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: India: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: India: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: South Korea: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: South Korea: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Australia: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Australia: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Indonesia: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Indonesia: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Others: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Others: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Europe: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Europe: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Germany: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Germany: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: France: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: France: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: United Kingdom: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: United Kingdom: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Italy: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Italy: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Spain: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Spain: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Russia: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Russia: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Others: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Others: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Latin America: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Latin America: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Brazil: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Brazil: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Mexico: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Mexico: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Others: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Others: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Middle East and Africa: Automated Fare Collection Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Middle East and Africa: Automated Fare Collection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Global: Automated Fare Collection Industry: SWOT Analysis
Figure 86: Global: Automated Fare Collection Industry: Value Chain Analysis
Figure 87: Global: Automated Fare Collection Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Automated Fare Collection Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Automated Fare Collection Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 3: Global: Automated Fare Collection Market Forecast: Breakup by System Type (in Million US$), 2021-2026
Table 4: Global: Automated Fare Collection Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 5: Global: Automated Fare Collection Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 6: Global: Automated Fare Collection Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Automated Fare Collection Market: Competitive Structure
Table 8: Global: Automated Fare Collection Market: Key Players