Introduction
Automated Fare Collection Market was valued at USD X.X Billion in 2018 and is projected to reach USD X.X billion by 2025, at a CAGR of X.X % from 2019-2025. AFC systems comprise automatic ticket vending machines, card recharge terminals, gate machines, and ticket checking machines. Rising demand for hassle-free and efficient transportation systems is expected to be one of the key factors driving the market.
These systems are rapidly replacing traditional ticketing systems due to their benefits, such as better process management, revenue generation, financial fraud prevention, and superior system planning.
Geographical Overview
At a global level, North America region was holding the highest market share in 2018. Whereas, Asia Pacific region is considered as the fastest growing region with key players adopting expansion strategy in this region to gain maximum market share in the coming years. China and India are offering ample opportunities for the growth of Automated Fare Collection Market with its high population base. The growing digital payment infrastructure and higher smartphone penetration in the region are anticipated to offer lucrative growth opportunities for key industry players in the upcoming years.
Segmental Overview
Automated Fare Collection Market is segmented as per below specifications -
By Product Type:
• Hardware
• Software
By Consumption:
• Railways & Transportation
• Parking
• Entertainment
By Distribution Channel:
• Smart Card
• Magnetic Stripe
Competitor Analysis
Automated Fare Collection Market has presence of some of the key major players across globe which includes
• Advanced Card Systems Ltd.
• Cubic Corporation
• Atos SE
• GMV
• Indra Sistemas SA
• LECIP Holdings Corporation
• LG CNS, Masabi Ltd.
• Omron Corporation
• Nippon Signal Co., Ltd.
• NXP Semiconductors N.V.
• Samsung SDS Co. Ltd.
These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.
By Geographical Locations:
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Italy
o Germany
o Spain
o Russia & CIS
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o South Korea
o ASEAN
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Rest of LATAM
• Middle East & Africa
o UAE
o South Africa
o Rest of MEA
Highlights of the report
What is Automated Fare Collection Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation
Market size projection based on Historical & current market trends
Market share analysis and key strategies adopted by leading Players
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations
Chapter 1 Research Objective
1.1 Need of the Research Report
1.2 Client Objectives
1.3 Offered Solutions
Chapter 2 Recommendations
2.1 Executive Summary
2.1.1 Market Overview
2.1.2 Competitive Insights
2.1.3 Segmental Analysis
2.1.4 Geographical Market Details
2.2 Lead Generation
2.3 Consultant
2.4 Return on Investment
Chapter 3 Research Methodology
3.1 Chromatus Database
3.2 Paid Sources
3.3 Primary Data Collection
3.3.1 Email Surveys
3.3.2 Telephonic Interviews
3.3.3 Face to Face Interviews
3.4 Secondary Data Collection
3.4.1 Annual Reports
3.4.2 Government Publications
3.4.3 Trade Data
3.4.4 Association Data
3.4.5 Research Papers/ Blogs/ News Articles
3.5 Expert Advisory Panel
3.6 Data Analytics Model
Chapter 4 Automated Fare Collection Market Overview
4.1 Parent Market Overview
4.2 Patent Analysis
4.3 PESTEL Analysis
4.3.1 Political
4.3.2 Economical
4.3.3 Social
4.3.4 Technological
4.3.5 Legal
4.4 SWOT Analysis
4.4.1 Strengths
4.4.2 Weakness
4.4.3 Opportunities
4.4.4 Threats
4.5 Regulations
4.6 Value Chain/ Supply Chain Analysis
4.7 Procurement & Vendor Analysis
4.8 Porters Five Analysis
4.8.1 Threat of new entrants
4.8.2 Bargaining power of suppliers
4.8.3 Bargaining power of buyers
4.8.4 Threat of substitutes
4.8.5 Competitive rivalry
Chapter 5 Regional Analysis Global Automated Fare Collection Market Estimation and Forecast, 2017 - 2025 (USD Billion)
5.1 North America Market
5.1.1 U.S.
5.1.1 Canada
5.2 Europe Market
5.2.1 UK
5.2.2 Germany
5.2.3 France
5.2.4 Spain
5.2.5 Italy
5.2.6 Russia & CIS
5.2.7 Rest of Europe
5.3 Asia Pacific Market
5.3.1 China
5.3.2 Japan
5.3.3 India
5.3.4 South Korea
5.3.5 ASEAN
5.3.6 Rest of Asia Pacific
5.4 Rest of the World
5.4.1 Latin America
5.4.1.1 Brazil
5.4.1.2 Argentina
5.4.1.3 Rest of Latin America
5.4.2 Middle East
5.4.3 Africa
Chapter 6 Company Profile
6.1 Advanced Card Systems Ltd.
6.1.1 Introduction
6.1.2 Financial Overview
6.1.3 Product Portfolio
6.1.4 Recent Developments
6.1.5 SWOT Analysis
6.2 Cubic Corporation
6.3 Atos SE
6.4 GMV
6.5 Indra Sistemas SA
6.6 LECIP Holdings Corporation
6.7 LG CNS, Masabi Ltd.
6.8 Omron Corporation
6.9 Nippon Signal Co., Ltd.
6.10 NXP Semiconductors N.V.
6.11 Samsung SDS Co. Ltd.
Chapter 7 Competitor Analysis
7.1 Company Ranking
7.2 Key Innovators
7.3 Market Leader
7.4 Emerging Players
7.5 Strategic Alliances
7.6 Competitive Matrix of 12 Companies
Chapter 8 Global Automated Fare Collection Market by Product Type Estimation and Forecast, 2017 - 2025 (USD Billion)
8.1 Hardware
8.2 Software
Chapter 9 Global Automated Fare Collection Market by Consumption Type Estimation and Forecast, 2017 - 2025 (USD Billion)
9.1 Railways & Transportation
9.2 Parking
9.3 Entertainment
Chapter 10 Global Automated Fare Collection Market by Distribution Channel Estimation and Forecast, 2017 - 2025 (USD Billion)
10.1 Smart Card
10.2 Magnetic Stripe
Chapter 11 Appendix
11.1 Data Sources
11.2 Abbreviations
11.3 About US
11.4 Disclaimer
11.5 Key Notes
List of Tables
Table 1 Global Automated Fare Collection Market, by Region, 2017 - 2025 (USD Billion)
Table 2 Global Automated Fare Collection Market, by Product Type, 2017 - 2025 (USD Billion)
Table 3 Global Automated Fare Collection Market, by Consumption Type, 2017 - 2025 (USD Billion)
Table 4 Global Automated Fare Collection Market, by Distribution Type, 2017 - 2025 (USD Billion)
Table 5 North America Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 6 North America Automated Fare Collection Market by Product Type 2017 - 2025 (USD Billion)
Table 7 North America Automated Fare Collection Market by Consumption Type 2017 - 2025 (USD Billion)
Table 8 North America Automated Fare Collection Market by Distribution Type 2017 - 2025 (USD Billion)
Table 9 US Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 10 Canada Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 11 Europe Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 12 Europe Automated Fare Collection Market by Product Type 2017 - 2025 (USD Billion)
Table 13 Europe Automated Fare Collection Market by Consumption Type 2017 - 2025 (USD Billion)
Table 14 Europe Automated Fare Collection Market by Distribution Type 2017 - 2025 (USD Billion)
Table 15 UK Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 16 Germany Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 17 France Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 18 Spain Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 19 Italy Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 20 Russia & CIS Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 21 Rest of Europe Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 22 Asia Pacific Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 23 Asia Pacific Automated Fare Collection Market by Product Type 2017 - 2025 (USD Billion)
Table 24 Asia Pacific Automated Fare Collection Market by Consumption Type 2017 - 2025 (USD Billion)
Table 25 Asia Pacific Automated Fare Collection Market by Distribution Type 2017 - 2025 (USD Billion)
Table 26 China Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 27 Japan Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 28 India Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 29 South Korea Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 30 ASEAN Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 31 Rest of Asia Pacific Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 32 Latin America Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 33 Latin America Automated Fare Collection Market by Product Type 2017 - 2025 (USD Billion)
Table 34 Latin America Automated Fare Collection Market by Consumption Type 2017 - 2025 (USD Billion)
Table 35 Latin America Automated Fare Collection Market by Distribution Type 2017 - 2025 (USD Billion)
Table 36 Brazil Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 37 Argentina Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 38 Rest of Latin America Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 39 Middle East Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 40 Middle East Automated Fare Collection Market by Product Type 2017 - 2025 (USD Billion)
Table 41 Middle East Automated Fare Collection Market by Consumption Type 2017 - 2025 (USD Billion)
Table 42 Middle East Automated Fare Collection Market by Distribution Type 2017 - 2025 (USD Billion)
Table 43 Africa Automated Fare Collection Market 2017 - 2025 (USD Billion)
Table 44 Africa Automated Fare Collection Market by Product Type 2017 - 2025 (USD Billion)
Table 45 Africa Automated Fare Collection Market by Consumption Type 2017 - 2025 (USD Billion)
Table 46 Africa Automated Fare Collection Market by Distribution Type 2017 - 2025 (USD Billion)
List of Figures
Fig. 1 Primary Research Method
Fig. 2 Secondary Research Method
Fig. 3 Value chain analysis
Fig. 4 PESTEL Analysis
Fig. 5 SWOT Analysis
Fig. 6 Porters Five forces analysis
Fig. 7 Automated Fare Collection Market: Penetration & growth prospect mapping
Fig. 8 Automated Fare Collection Market: Competitive snapshot
Fig. 9 Automated Fare Collection Market: Segmental snapshot
Fig. 10 Market Overview
Fig. 11 Automated Fare Collection Market: Product Analysis, 2017 - 2025
Fig. 12 Automated Fare Collection Market: Regional Analysis, 2017 - 2025
Fig. 13 Automated Fare Collection Market: Competitive Matrix
Fig. 14 Automated Fare Collection Market: Revenue Mix