Automated Fare Collection Market Growth, Size, Trends, Demand, Revenue and Future Outlook

Automated Fare Collection Market Size- By Application, By Technology Software, By Component, By Vertical, By System- Regional Outlook, Competitive Strategies, and Segment Forecast to 2033

Automated Fare Collection Market Size- By Application, By Technology Software, By Component, By Vertical, By System- Regional Outlook, Competitive Strategies, and Segment Forecast to 2033

Published: Jan 2024 Report ID: MACH2404 Pages: 1 - 244 Formats*:     
Category : Equipment and Machinery
Automated fare collection Market Introduction and Overview 

According to SPER Market Research, the Global Automated fare collection Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.

The report includes an in-depth analysis of the Global Automated Fare Collection Market, including market size and trends, product mix, applications, and supplier analysis. A software-based ticketing system known as automated fare collection (AFC) is often installed at the entrance and departure of public transport facilities. Buses, metro trains, fast transit systems, and watercraft all use it. It is made up of recharging terminals, ticket selling and checking devices, and an automated gate. Numerous payment methods, including top-ups, physical tickets, mobile applications, open and closed-loop systems, and more, are also compatible with AFC systems. AFCs provide many advantages over traditional fare-collecting systems, including contactless payment, more operational transparency, and fewer opportunities for human mistakes, theft, cloning, or missing payments. 

  • June 2019: A deal to buy Alvarado Manufacturing Co. Inc., a top producer of physical access solutions including turnstiles and speed gates, was inked by Dormakaba Holding in June 2019.
  • August 2018: To increase cloud-based capabilities for small and mid-sized transport operators, Cubic Transportation Systems, Inc. and Delerrok inked a contract in August 2018. Cubic uses its Transit Management as a Service (TMaaS) platform in conjunction with Delerrok's TouchPass technology to provide full payment and real-time information solutions at a reasonable cost.
Automated Fare Collection Market
Market Opportunities and Challenges
One of the main elements fostering a favourable market outlook is the increased adoption of sustainable and intelligent public transport infrastructure, along with the sectors' rapid digitalization. Around the world, AFC systems are being deployed to reduce line wait times and increase public comfort. Additionally, the industry is expanding due to the rising use of smartphone applications for online ticket purchases and travel route information. These applications provide a hassle-free fare payment experience because they are equipped with contactless open payment solutions using debit and credit cards. Other technical developments that are stimulating growth include the creation of near-field communication (NFC) systems and open road tolling (ORT). Further factors are the adoption of supportive government policies aimed at enhancing transport infrastructure and the growing global development of smart cities.

Automated fare collection systems encounter challenges, including high implementation costs, integration complexities, and user acceptance issues. Security concerns, interoperability issues, and the need for ongoing maintenance add complexity. Regulatory compliance, technological obsolescence, and customization for diverse systems pose additional hurdles. Navigating these challenges requires ongoing industry collaboration and adaptation.

Automated Fare Collection Market


Market Competitive Landscape
The major firms in the automated ticket collection sector are devoting funds to R&D endeavours in order to bolster expansion and improve their commercial practices. A comprehensive study of the major market participants based on their financial results, comparisons of their products, important business plans, and recent strategic partnerships will be included in the report. To further improve their products and obtain a competitive edge in the market, businesses are observed entering into partnerships and mergers and acquisitions. Advanced Card Systems Limited (HNA Technology Investments Holdings), Atos SE, Cubic Corporation, NXP Semiconductors N.V., Omron Corporation, Scheidt & Bachmann GmbH, LECIP Group, LG CNS, Samsung SDS, and Thales Group are some of the major players in the industry that have been studied in terms of competition.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Application, By Technology Software, By Component, By Vertical, By System
 Regions coveredNorth America, Asia-Pacific, Latin America, Middle East & Africa and Europe
 Companies CoveredAtos SE, Cubic Corporation, NXP Semiconductors N.V., Omron Corporation, Scheidt & Bachmann GmbH, LECIP Group, LG CNS, Samsung SDS, and Thales Group 
COVID-19 Impact on Global Automated Fare Collection Market
The pandemic has significantly affected public mobility, with remote work becoming the norm and public transport services being limited or suspended since March 2020. Despite some easing of restrictions, major cities worldwide still witness a substantial 70% to 90% reduction in public transit ridership. This shift has prompted a remarkable transformation in the payment landscape, where individuals increasingly turn to digital payment solutions for contactless transactions. Looking ahead to the post-COVID era, heightened health concerns, and widespread digital adoption are expected to propel the demand for contactless and automated payment systems in the next decade. 

Key Target Audience:
  • Transportation authorities and agencies 
  • Government Authorities
  • Technology providers
  • system integrators
  • Smart Card Manufacturers
  • Financial institution
  • Passenger and commuter community
Our in-depth analysis of the Automated fare collection Market includes the following segments:
By Application:
  • Parking applications
  • Rail and Transport
  • Theme park applications
  • By Technology Software:
  • Magnetic Strips
  • Near field communication
  • Optical Character Recognition
  • Smart card
  • By Vertical:
  • Government
  • Media & Entertainment
  • Retail
  • Transportation and logistics
  • By Component:
  • Hardware
  • Software
  • By System:
  • Fare Gates
  • IC Card
  • Ticket Office Machine
  • Ticket Vending Machine
  • Key Topics Covered in the Report:
    • Global Automated Fare Collection Market Size (FY’2023-FY’2033)
    • Overview of Global Automated Fare Collection Market
    • Segmentation of Global Automated Fare Collection Market By Application (Parking Applications, Rail and Transport, Theme Park Applications and others)
    • Segmentation of Global Automated Fare Collection Market By Technology Software (Magnetic Strips, Near Field Communication, Optical Character Recognition, Smart Card and others)
    • Segmentation of Global Automated Fare Collection Market By Vertical (Government, Media & Entertainment, Retail, Transportation and Logistics and others)
    • Segmentation of Global Automated Fare Collection Market By Component (Hardware and software)
    • Segmentation of Global Automated Fare Collection Market By System (Fare gates, IC Card, Ticket Office Machine, Ticket Vending Machine)
    • Statistical Snap of Global Automated Fare Collection Market 
    • Expansion Analysis of Global Automated Fare Collection Market 
    • Problems and Obstacles in Global Automated Fare Collection Market
    • Competitive Landscape in the Global Automated Fare Collection Market
    • Impact of COVID-19 and Demonetization on Global Automated Fare Collection Market 
    • Details on Current Investment in Global Automated Fare Collection Market
    • Competitive Analysis of Global Automated Fare Collection Market 
    • Prominent Players in the Global Automated Fare Collection Market 
    • SWOT Analysis of Global Automated Fare Collection Market 
    • Global Automated Fare Collection Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity, and Challenges Analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Automated Fare Collection Market 

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Automated Fare Collection Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automated Fare Collection Market 

    7. Global Automated Fare Collection Market, By Application USD Million)
    7.1. Global Automated Fare Collection Market Value Share and Forecast, By Application, 2023-2033
    7.2. Parking applications
    7.3. Rail and Transport
    7.4. Theme park applications
    7.5. Others

    8. Global Automated Fare Collection Market, By Technology Software  (USD Million)
    8.1. Global Automated Fare Collection Market Value Share and Forecast, By Technology Software , 2023-2033
    8.2. Magnetic Strips
    8.3. Near field communication
    8.4. Optical Character Recognition
    8.5. Smart card
    8.6. Others

    9. Global Automated Fare Collection Market, By Vertical  (USD Million)
    9.1. Global Automated Fare Collection Market Value Share and Forecast, By Vertical, 2023-2033
    9.2. Government
    9.3. Media & Entertainment
    9.4. Retail
    9.5. Transportation and logistics
    9.6. Others

    10. Global Automated Fare Collection Market, By Component  (USD Million)
    10.1. Global Automated Fare Collection Market Value Share and Forecast, By Component, 2023-2033
    10.2. Hardware
    10.3. Software

    11. Global Automated Fare Collection Market, By System  (USD Million)
    11.1. Global Automated Fare Collection Market Value Share and Forecast, By System, 2023-2033
    11.2. Fare Gates
    11.3. IC Card
    11.4. Ticket Office Machine
    11.5. Ticket Vending Machine
    11.6. Others      

    12. Global Automated Fare Collection Market Forecast, 2019-2033 (USD Million)
    12.1. Global Automated Fare Collection Market Size and Market Share

    13. Global Automated Fare Collection Market, By Application 2019-2033 (USD Million)
    13.1. Global Automated Fare Collection Market Size and Market Share By Application  (2019-2026)
    13.2. Global Automated Fare Collection Market Size and Market Share By Application (2027-2033)

    14. Global Automated Fare Collection Market, By Technology Software, 2019-2033 (USD Million)
    14.1. Global Automated Fare Collection Market Size and Market Share By Technology Software (2019-2026)
    14.2. Global Automated Fare Collection Market Size and Market Share By Technology Software (2027-2033)

    15. Global Automated Fare Collection Market, By Vertical, 2019-2033 (USD Million)
    15.1. Global Automated Fare Collection Market Size and Market Share By Vertical (2019-2026)
    15.2. Global Automated Fare Collection Market Size and Market Share By Vertical (2027-2033)

    16. Global Automated Fare Collection Market, By System, 2019-2033 (USD Million)
    16.1. Global Automated Fare Collection Market Size and Market Share By System (2019-2026)
    16.2. Global Automated Fare Collection Market Size and Market Share By System (2027-2033)

    17. Global Automated Fare Collection Market, By Component, 2019-2033 (USD Million)
    17.1. Global Automated Fare Collection Market Size and Market Share By Component (2019-2026)
    17.2. Global Automated Fare Collection Market Size and Market Share By Component (2027-2033)

    18. Global Automated Fare Collection Market, By Region, 2019-2033 (USD Million)
    18.1. Global Automated Fare Collection Market Size and Market Share By Region (2019-2026)
    18.2. Global Automated Fare Collection Market Size and Market Share By Region (2027-2033) 
    18.3. Asia-Pacific
    18.3.1. Australia
    18.3.2. China
    18.3.3. India
    18.3.4. Japan
    18.3.5. South Korea
    18.3.6. Rest of Asia-Pacific
    18.4. Europe
    18.4.1. France
    18.4.2. Germany
    18.4.3. Italy
    18.4.4. Spain
    18.4.5. United Kingdom
    18.4.6. Rest of Europe
    18.5. Middle East and Africa
    18.5.1. Kingdom of Saudi Arabia 
    18.5.2. United Arab Emirates
    18.5.3. Rest of Middle East & Africa
    18.6. North America
    18.6.1. Canada
    18.6.2. Mexico
    18.6.3. United States
    18.7. Latin America
    18.7.1. Argentina
    18.7.2. Brazil
    18.7.3. Rest of Latin America 

    19. Company Profile
    19.1. Atos SE
    19.1.1. Company details
    19.1.2. Financial outlook
    19.1.3. Product summary 
    19.1.4. Recent developments
    19.2. Cubic Transportation Systems, Inc.
    19.2.1. Company details
    19.2.2. Financial outlook
    19.2.3. Product summary 
    19.2.4. Recent developments
    19.3. Dormakaba Holding 
    19.3.1. Company details
    19.3.2. Financial outlook
    19.3.3. Product summary 
    19.3.4. Recent developments
    19.4. LECIP Group
    19.4.1. Company details
    19.4.2. Financial outlook
    19.4.3. Product summary 
    19.4.4. Recent developments
    19.5. LG CNS
    19.5.1. Company details
    19.5.2. Financial outlook
    19.5.3. Product summary 
    19.5.4. Recent developments
    19.6. NXP semiconductors
    19.6.1. Company details
    19.6.2. Financial outlook
    19.6.3. Product summary 
    19.6.4. Recent developments
    19.7. OMRON Corporation
    19.7.1. Company details
    19.7.2. Financial outlook
    19.7.3. Product summary 
    19.7.4. Recent developments
    19.8. Samsung SDS
    19.8.1. Company details
    19.8.2. Financial outlook
    19.8.3. Product summary 
    19.8.4. Recent developments
    19.9. Scheidt&bacchhan Gmbh
    19.9.1. Company details
    19.9.2. Financial outlook
    19.9.3. Product summary 
    19.9.4. Recent developments
    19.10. Thales Group
    19.10.1. Company details
    19.10.2. Financial outlook
    19.10.3. Product summary 
    19.10.4. Recent developments
    19.11. Others 
     
    20. List of Abbreviations

    21. Reference Links

    22. Conclusion

    23. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Automated Fare Collection Market is projected to reach USD XX Billion by 2033, growing at a CAGR of XX% during the forecast period.
    Automated Fare Collection Market grew in market size from 2023. The Market is expected to reach USD XX Billion by 2033, at a CAGR of XX% during the forecast period.
    Automated Fare Collection Market CAGR of XX% during the forecast period.
    You can get the sample pages by clicking the link -Click Here
    Automated Fare Collection Market size is USD XX Billion from 2023 to 2033.
    Automated Fare Collection Market Segment is Covered By Application, By Technology Software, By Component, By Vertical, By System
    The North America region is anticipated to have the highest market share in Automated Fare Collection Market.
    The key players in the market include Companies Covered Atos SE, Cubic Corporation, NXP Semiconductors N.V., Omron Corporation, Scheidt & Bachmann GmbH, LECIP Group, LG CNS, Samsung SDS, and Thales Group
    Automated Fare Collection Market, including market size and trends, product mix, applications, and supplier analysis. A software-based ticketing system known as automated fare collection (AFC) is often installed at the entrance and departure of public transport facilities.
    Not able to find what you are looking for? Need customization in the existing report?
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