#Smart Cards Automated Fare Collection Systems Market Size
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Smart Cards Automated Fare Collection Systems Market Size, Share, Growth Opportunity and Trends by Growing CAGR Till 2026
The global Smart Cards Automated Fare Collection Systems Market report offers a comprehensive assessment of the market for the forecast years. The report contains several segments and an analysis of the market trends and growth factors that are playing a vital role in the market. These factors encompass the drivers, restraints, and opportunities. This globe industry offers an outlook on the strategic development of the market in terms of revenue profits over the forecast period 2021-2026.
The key market players for the global Smart Cards Automated Fare Collection Systems market are listed below:
Cubic Corporation
Xerox
Scheidt & Bachmann
The Nippon Signal
Huaming
Omron Corporation
LECIP
INIT
Thales Group
GFI Genfare
GRG Banking
Shanghai Potevio Company Limited
Huahong Jitong
Gunnebo
GMV
Others
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The Global Smart Cards Automated Fare Collection Systems Market Report is equipped with market data from 2016 to 2026. The report gives a market overview covering key drivers and risk factors. The report is bifurcated by top global manufactures mentioning sales, revenue, and prices as applicable. It also evaluates the competitive scenario of the leading players. The report expands to cover regional market data along with type and application. The report forecasts sales and revenue from 2021 to 2026. The detailed sales channel is also covered in the study.
COVID-19 Impact Analysis on Smart Cards Automated Fare Collection Systems Market
The global pandemic COVID-19 has affected the Smart Cards Automated Fare Collection Systems market directly or indirectly. This study covers a separate section giving an explicitly clear understanding of the aftereffects of this pandemic. The detailed study highlights the probable outcomes of this global crisis on the Smart Cards Automated Fare Collection Systems industry. The impact study on production, supply-demand, and sales provides a holistic approach to the future.
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Why Purchase this Report?
A robust research methodology has been followed to collect data for the report. Data, thus collected passes through multiple quality checks to ensure the best quality is served.
The report gives a holistic view of the competitive scenario of the Smart Cards Automated Fare Collection Systems market
The latest product launches along with technological changes and development are covered in the report.
The data analysis in the report helps in understanding the anticipated Smart Cards Automated Fare Collection Systems market dynamics from 2021 to 2026.
DecisionDatabases has a vast repository of data, therefore, we can accommodate customized requirements also.
The graphs, tables and pie charts, and info-graphics covered in the report will help in a better understanding of the report.
The market drivers, restraints, upcoming opportunities, and anticipated restraints cited in the report will assist in making an informed decision.
To better understand the market scenario, the Smart Cards Automated Fare Collection Systems market is segmented as below:
By Types:
Farebox
Ticket Vending Machines (TVM)
Validator
By Applications:
Off-Board
On-Board
By Regions:
North America (U.S., Canada, Mexico)
Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
Latin America (Brazil, Rest of L.A.)
The Middle East and Africa (Turkey, GCC, Rest of Middle East)
The content of the study subjects includes a total of 14 chapters:
Chapter 1: To describe Smart Cards Automated Fare Collection Systems product scope, market overview, market opportunities, market driving force, and market risks.
Chapter 2: To profile the top manufacturers of Smart Cards Automated Fare Collection Systems, with price, sales, revenue, and global market share of Smart Cards Automated Fare Collection Systems in 2018 and 2019.
Chapter 3: The Smart Cards Automated Fare Collection Systems competitive situation, sales, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4: The Smart Cards Automated Fare Collection Systems breakdown data are shown at the regional level, to show the sales, revenue, and growth by region, from 2015 to 2020.
Chapter 5 and 6: To segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.
Chapter 7, 8, 9, 10 & 11: To break the sales data at the country level, with sales, revenue, and market share for key countries in the world, from 2016 to 2021 and Smart Cards Automated Fare Collection Systems market forecast, by regions, type, and application, with sales and revenue, from 2021 to 2026.
Chapter 12, 13 & 14: To describe Smart Cards Automated Fare Collection Systems sales channel, distributors, customers, research findings and conclusion, appendix, and data source.
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May 2021 Report on Global Smart Cards Automated Fare Collection Systems Market Size, Share, Value, and Competitive Landscape 2024
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Automated Fare Collection Market 2029: Top Companies, Trends, Growth Factors Details by Regions, Types and Applications
The research and analysis conducted in Automated Fare Collection Market Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and Automated Fare Collection industry.
Market expectations for likely development openings have been mentioned clearly in this world class Automated Fare Collection Market research report. Competition analysis has been taken into account while preparing this report. A market analysis has turned into a vital piece of every business to settle on smart choices in the organizations which have been viably carried by experienced analysts. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. Businesses can bring about an absolute knowhow of general market conditions and tendencies with the information and data covered in this Automated Fare Collection Market report.
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The automated fare collection market size is valued at USD 25,197.92 million by 2028 and is expected to grow at a compound annual growth rate of 13.20% over the forecast period of 2021 to 2028. Data Bridge Market Research report on automated fare collection market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the markets growth.
This automated fare collection market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automated fare collection market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automated Fare Collection Market Scope and Market Size
The automated fare collection market is segmented on the basis of component, service type, system, technology, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of component, the automated fare collection market is segmented into hardware and software.
The automated fare collection market is segmented on the basis of service type into consulting, system implementation, training, support, and maintenance and managed services.
On the basis of system, the automated fare collection market is segmented into ticket vending machine (TVM), ticket office machine (TOM), fare gates and IC cards.
Based on technology, the automated fare collection market is segmented into near-field communication (NFC), magnetic stripes, smart card, optical character recognition (OCR) and others.
Based on application, the automated fare collection market is segmented into rail and transport, parking, theme park and others. Rail and transport has further been segmented into ticket vending machine, automatic collection gate, passenger service machine and smart card ticketing. Parking has further been segmented into parking entry/exit barriers, auto pay machine and ticket validating machine.
Based on end user, the automated fare collection market is segmented into transportation and logistics, government, media and entertainment, retail and others.
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The countries covered in the automated fare collection market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Leading Key Players Operating in the Automated Fare Collection Market Includes:
The major players covered in the automated fare collection market report are Cubic Corporation, Indra, Thales Group, GMV, ST Engineering, Atos SE, Longbow Technologies Sdn Bhd, Samsung, Genfare, Advanced Card Systems Ltd., NIPPON SIGNAL CO., LTD., OMRON Corporation, Vix Technology, Scheidt & Bachmann GmbH, Siemens, NXP Semiconductors, LG CNS, Sony Corporation, LECIP HOLDINGS CORPORATION, and Masabi Ltd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-automated-fare-collection-market
Reasons to Buy:
Understand the current and future competitive scenario across types, countries, and applications
Get Accurate, up-to-date analysis of Automated Fare Collection markets and companies
Use reliable information and analysis to gain a deeper understanding of the current factors impacting the industry
Develop sustainable strategies based on the latest trends, dynamics, and developments
Optimize product portfolios and capture a larger share in the industry through company analysis
Research Methodology of Automated Fare Collection Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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Global Automated Fare Collection System Market - Share, Growth, Trends, Size and Forecast 2021 - 2027
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The global automated fare collection system market is projected to grow at a compound annual growth rate (CAGR) of 9% during the forecast period 2021-2027, according to the new report published by Gen Consulting Company.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into ‘Global Automated Fare Collection System Market 2021-2027’. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, company share of market leaders, growth rate and market segments.
The automated fare collection system market is segmented on the basis of application, technology platform, component, and region. The automated fare collection system market is segmented as below:
By Application:
- Bus
- Car Rental
- Toll
- Train
- Others
By Technology Platform:
- Near Field Communication (NFC)
- Optical Character Recognition (OCR)
- Smart Card
- Others
By Component:
- Hardware
- Software
By Region:
- Asia-Pacific
- Europe
- North America
- Middle East and Africa (MEA)
- South America
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The automated fare collection system industry is characterized by a high level of market share concentration. The market research report covers the analysis of key stake holders of the automated fare collection system market. Some of the leading players profiled in the report include ATOS SE, Cubic Transportation Systems, Inc., dormakaba Holding AG, Lecip Holdings Corporation, LG CNS, NXP Semiconductors N.V., Omron Corporation, Thales Group, among others.
Historical & Forecast Period
This research report provides analysis for each segment from 2017 to 2027 considering 2020 to be the base year.
Scope of the Report
- To analyze and forecast the market size of the global automated fare collection system market.
- To classify and forecast the ‘Global Automated Fare Collection System Market’ based on application, technology platform, component, and region.
- To identify drivers and challenges for the global automated fare collection system market.
- To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global automated fare collection system market.
- To conduct pricing analysis for the global automated fare collection system market.
- To identify and analyse the profile of leading players operating in the global automated fare collection system market.
For More Information, refer to below link:-
Global Automated Fare Collection System Market Forecast 2021-2027
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#Global Automated Fare Collection System Market#Global Automated Fare Collection System Industry#Global Automated Fare Collection System Market Revenue#Global Automated Fare Collection System Market Share#Global Automated Fare Collection System Market Size#Global Automated Fare Collection System Market Growth#Global Automated Fare Collection System Market Trends
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Automated Fare Collection Market Expected To Achieve Lucrative Growth By 2025
The global automated fare collection market size is expected to reach USD 19.89 billion by 2025 registering a CAGR of 13.6% from 2019 to 2025, according to a new report by Grand View Research, Inc. Growing adoption of digital technologies to improve transaction processing speed and to reduce issues associated with cash handling and ticket management is anticipated to remain one of the leading factors driving the market.
Focus of governments on the performance optimization of existing public transit systems, such as subways, buses, trams, and metros, is also expected to boost the usage of technology-driven AFC systems for digital transaction processing and payment management. Increasing penetration of the technology has provided transit system operators an effective way to reduce counter congestions, operational costs, waiting time, and cash leakage issues often faced in traditional fare collection systems. This has also facilitated hassle-free and convenient travel experiences for commuters.
Rising awareness about these benefits is compelling transit operators to replace conventional physical ticketing machines and toll booths with contactless AFC systems. The data generated by such systems is further used in implementing a data-driven network optimization approach for public transit systems. Public transit network operators were able to capitalize on the unutilized capacity of the trains by using a data-driven model. Emerging countries in Asia Pacific, such as India and China, are also in the process of implementing similar systems to enable operators to dynamically plan and optimize ticket prices.
To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/automated-fare-collection-afc-system-market
Further key findings from the study suggest:
Software segment is said to register the maximum CAGR over the forecast years due to rising focus of transit system operators on deploying integrated AFC systems covering multiple transportation modes
Near Field Communication (NFC) technology segment is anticipated to gain traction owing to its superior transaction speed, contactless payment capability, and higher adoption by transit operators
Railways & transportation application will witness the highest CAGR from 2019 to 2025 due to the development of railway and highway infrastructure networks in emerging countries, such as India
Asia Pacific to expand at the highest CAGR of 17.1% from 2019 to 2025 due to rapid urbanization and rising need for deploying faster payment processing systems due to increasing number of commercial vehicles and daily commuters
Key companies in the global AFC market include Cubic Corp., Advanced Card Systems Ltd., Atos SE, Indra Sistemas SA, GMV, LG CNS, LECIP Holdings Corp., Omron Corp., Masabi Ltd., NXP Semiconductors N.V., Nippon Signal Co., Ltd., Samsung SDS Co., Ltd., Siemens AG, Telexis B.V., Singapore Technologies Engineering Limited, Scheidt & Bachmann GmbH, Thales Group, Trapeze Group, Vix Technology, UL Identity Management & Security, and Thales Group
Grand View Research has segmented the global Automated Fare Collection market on the basis of component, technology, system, application, and region:
Automated Fare Collection Component Outlook (Revenue, USD Million, 2014 - 2025)
Hardware
Software
Automated Fare Collection Technology Outlook (Revenue, USD Million, 2014 - 2025)
Smart Card
Magnetic Stripe
Near Field Communication (NFC)
Optical Character Recognition (OCR)
Automated Fare Collection System Outlook (Revenue, USD Million, 2014 - 2025)
Ticket Vending Machine (TVM)
Ticket Office Machine (TOM)
Fare Gates
IC Cards
Automated Fare Collection Application Outlook (Revenue, USD Million, 2014 - 2025)
Railways & Transportation
Parking
Entertainment
Others
Automated Fare Collection Regional Outlook (Revenue, USD Million, 2014 - 2025)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
U.S.
Canada
France
Germany
Poland
Russia
U.K.
Australia
China
India
Japan
Brazil
Mexico
Saudi Arabia
UAE
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Global Smart Cards Automated Fare Collection System Market Size and Share | Analysis of Latest Industry Trends, Future Demands, Growth Factor and Future Forecast 2020-2026
Reportspedia recently updated new Report titled, "Global Smart Cards Automated Fare Collection System Market Report 2020 Share, Growth, Type, Application and Forecast to 2026" incorporates presents growth scenario, opportunities, market share and Smart Cards Automated Fare Collection System industry size. The report begins with the definition, market scope, classification, and Smart Cards Automated Fare Collection System market size estimation. The Smart Cards Automated Fare Collection System market competition, market dynamics, industry plans & policies and future demand is analysed. The limitations and threats to the development of Smart Cards Automated Fare Collection System market are analysed in detail. This study analyzes the development status, past and present market scenario and growth rate.
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The Top Smart Cards Automated Fare Collection System Industry Players Are:
Xerox GFI Genfare Sony Corporation Samsung SDS Cubic Transportation Systems GMV Vix Technology ST Electronics Thales Group Siemens NXP Semiconductor Omron Corporation LECIP Scheidt & Bachmann Trapeze Group LG CNS Atos SE INIT Advanced Card Systems Holdings Limited
The Smart Cards Automated Fare Collection System market value, product details, sales margin and import-export details are stated. The Smart Cards Automated Fare Collection System Market is categorized based on type, applications and research regions. The competitive analysis and strategies implemented by top Smart Cards Automated Fare Collection System players are analysed in this study. The major geographical regions and countries in these regions are studied. The regions namely North America, Europe, Asia-Pacific, Middle East & Africa and South America are stated. The top countries namely United States, Canada, Mexico, Germany, France, Spain, UK, Russia, Italy, Japan, China, Korea, India, UAE, South Africa, Saudi Arabia, Turkey, Brazil and rest of the world are analysed.
The Gobal Smart Cards Automated Fare Collection System Market share for each type and application is for the year 2018. The sales price, revenue share, upstream raw material suppliers, downstream buyers, and pricing pattern of Smart Cards Automated Fare Collection System Industry is briefed. The complete Smart Cards Automated Fare Collection System business profile, nature of operation, geographical presence, import-export details and production process is profiled in this study. The dynamic changes in Smart Cards Automated Fare Collection System Industry, technological advancements, mergers & acquisitions are stated.
In-depth insights into the emerging market players, a SWOT analysis will enhance the forecast market growth for profitable business plans. The Smart Cards Automated Fare Collection System Industry overview, recent developments, manufacturing base, utilization details are analysed deeply. We can offer custom content based on client-specific requirements and stated scenario. The Smart Cards Automated Fare Collection System Market concentration and maturity status are reflected in the report.
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Global Smart Cards Automated Fare Collection System Market Split By Types:
Farebox Ticket Vending Machines (TVM) Validator
Global Smart Cards Automated Fare Collection System Market Split By Applications:
On-board AFC Equipment Off-board AFC Equipment
Each and every Smart Cards Automated Fare Collection System Market segment is analysed to elaborate the sales analysis, market trend, price structure, capacity analysis and production plans. The Smart Cards Automated Fare Collection System Market status by major manufacturers, their market share and development prospects are presented. The traders, distributors, dealers and sales channel of Smart Cards Automated Fare Collection System Industry is mentioned in the study. The Smart Cards Automated Fare Collection System market share and market value are the two major factors which distinguish the market based on product category, applications and regions. The technological progress in Smart Cards Automated Fare Collection System field, supply chain analysis will lead to an assessment of upcoming growth opportunities.
The consumer, sales, and capacity study will explain the market overview and statistics. The manufacturing plants of Smart Cards Automated Fare Collection System Industry, R&D status, raw material source and commercial production is analysed. The market growth in terms of USD million and CAGR value from 2020-2026 is covered. Thanks for reading this article; we also offer custom research reports according to the client’s requirement and stated scenario. Region-wise detailed reports can also be provided.
Reasons for Buying Global Smart Cards Automated Fare Collection System Market Research Report
The competitive Smart Cards Automated Fare Collection System Industry structure is profiled to represent market size, status, revenue and market share.
The forward-looking Smart Cards Automated Fare Collection System industry perspective states the market value, consumption and market share analysis
The forecast statistics will provide analysis of Smart Cards Automated Fare Collection System Market drivers, growth factors and factors hampering the market growth
The changing Smart Cards Automated Fare Collection System Market structure, emerging players, new product launch events, applications and topographical presence is reflected in this study
The latest industry plans and policies, market collaborations will enhance the strategic planning
More Details About Global Smart Cards Automated Fare Collection System Market Report : https://www.reportspedia.com/report/industrial-and-machinery/global-smart-cards-automated-fare-collection-system-market-report-2020-by-key-players,-types,-applications,-countries,-market-size,-forecast-to-2026-(based-on-2020-covid-19-worldwide-spread)/68910#table_of_contents
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According to a new report published by Polaris Market Research the worldwide Automated Fare Collection (AFC) market is anticipated to reach around USD 13,594 million by 2026. In 2017, the smart cards segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global automated fare collection market.
The increasing need to automate ticketing systems for public and private transportation majorly drives the market growth. Organizations are gradually adopting automated fare collection systems to increase efficiency, and easy management of high volume of commuters. The growing need to reduce frauds in public transportation further accelerates the adoption of the AFC systems. Other factors driving the market growth include growing need to reduce operational costs, increase profitability, and enhance traveler experience. New emerging markets, increasing acceptance of cashless payments, and growing need to reduce environmental pollution are factors expected to influence the market in the coming years.
Get Sample copy of this report: https://www.polarismarketresearch.com/industry-analysis/automated-fare-collection-market/request-for-sample
The increasing investments in R&D and rapid development of public infrastructure in developing countries of Asia-Pacific and Latin America support the growth of automated fare collection systems. Governments across the world are collaborating with leading market players for installation of AFC systems in airports, and railways. Technological advancements in electronic payment, Near-Field Communication (NFC), and contactless payment technologies provide numerous growth opportunities in the global market. Market players are introducing affordable and highly efficient automated fare collection systems in the market to cater to the growing market demands.
North America is expected to lead the global AFC market during the forecast period. Significant investment by governments to improve the public transport infrastructure coupled with stringent regulations regarding transportation drive the growth of automated fare collection in this region. Technological advancement and introduction of advanced systems by the market players has increased their acceptance in the region. Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, and increasing investments in public infrastructure. Expansion of global players into these countries to tap market potential boosts the market growth.
The well-known companies profiled in the report include Thales Group, Longbow Technologies S/B, Cubic Corporation, Advanced Card Systems Holdings Limited, Atos SE, Indra Sistemas SA, UL Transaction Security, Siemens AG, Samsung SDS Co. Ltd., GMV Innovating Solutions, Masabi Ltd., and Omron Corporation among others. These companies introduced new technologies and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of the consumers.
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world
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Smart Ticketing Market by Component (Hardware, Software, and Services), Application (Parking and Transportation (Roadways, Railways, and Airways), and Sports and Entertainment), Organization Size, and Region - Global Forecast to 2026 published on
https://www.sandlerresearch.org/smart-ticketing-market-by-component-hardware-software-and-services-application-parking-and-transportation-roadways-railways-and-airways-and-sports-and-entertainment-organization-size-and.html
Smart Ticketing Market by Component (Hardware, Software, and Services), Application (Parking and Transportation (Roadways, Railways, and Airways), and Sports and Entertainment), Organization Size, and Region - Global Forecast to 2026
The rising adoption of contactless payments and the growing adoption of wearable technologies are expected to drive the overall growth of the smart ticketing market across the globe.
The global smart ticketing market size is projected to grow from USD 7.2 billion in 2020 to USD 16.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 14.5% during the forecast period. The smart ticketing market is gaining traction due to affordable access to rapid transit with the help of smart transit systems, huge demand for smart ticketing from sports, entertainment, and tourism industries, advanced technologies in the smart ticketing systems, rising adoption of contactless payments, upsurge in the intelligent transportation market, and growing adoption of wearable technologies.
Based on application, the parking and transportation segment is expected to hold a larger market share during the forecast period
The parking and transportation segment is projected to account for a larger market share from 2020 to 2026. The mobility requirements of the public are growing. Therefore, there is demand for the intelligent networking of mobility platforms that contribute toward reducing traffic congestion and improving efficiencies during peak times and to support better travel experiences. The smart ticketing systems enable passengers to load tickets or credit before their travel, thereby speeding up boarding times and reducing queues. Airports, shopping centers, and hospitals are building large parking spaces. To increase parking capacities, digital platforms for parking management are deployed. The digitization of the parking industry is turning vehicle license plate numbers into parking tickets.
Based on Organization size, the SMEs segment to grow at the highest CAGR during the forecast period
SMEs segment is expected to grow at the highest CAGR during the forecast period as these organizations are focused on the deployment of smart ticketing solutions to improve competitiveness, reduce operating costs, and increase their revenue. With advancements in ticketing technologies and intense competition among vendors, the cost of automating the ticketing system is declining. This, in turn, would enable SMEs to adopt smart ticketing solutions and services in the near future. Governments are partnering with SMEs with a view to promoting the use of smart technology solutions in specific industries, such as transportation in Denmark and tourism in New Zealand.
Asia Pacific (APAC) region to record the highest growth in the smart ticketing market
APAC is expected to grow at the highest CAGR during the forecast period owing to the presence of emerging economies such as China, India, Indonesia, Malaysia, and Thailand. These countries are focusing on building smart cities due to strong economic growth, the rise in population, and rapid urbanization. APAC countries are also attracting investments, promoting new technologies, and developing innovative solutions to improve the quality of life. There is an emphasis on the development of advanced and interoperable automated fare collection systems, such as smart cards and NFC-enabled devices, to increase both the efficiency of transport systems and ridership by giving commuters a smooth travel experience. Developed countries such as Japan and Singapore are focusing on technology-enabled transport systems by making heavy technology investments.
By Company Type: Tier 1 – 30%, Tier 2 – 45%, and Tier 3 – 25%
By Designation: C-level – 40%, Directors – 40%, and Others – 20%
By Region: North America – 40%, Europe – 30%, APAC – 20%, and Rest of the World (RoW)– 10%
This research study outlines the market potential, market dynamics, and major vendors operating in the smart ticketing market. Key and innovative vendors in the smart ticketing market includeACT (England), Atsuke (France), Cammax (England), Conduent (US), Confidex (Finland), Corethree (England), Cubic (US), Flowbird Group (France), Giesecke+Devrient (Germany), HID Global (US), Hitachi Rail (Italy), IDEMIA (France), Indra (Spain), Infineon Technologies (Germany), INIT (Germany), LIT Transit (Slovenia), Masabi (England), NXP Semiconductors (Netherland), PayiQ (Finland), Scheidt & Bachmann (Germany), SecuTix (Switzerland), Siemens (Germany), Thales (France), Ticketer (England), and Xerox (US).
Research coverage
The market study covers the smart ticketing market across different segments. It aims at estimating the market size and the growth potential of this market across different segments based on components (hardware, software, and services), application, organization size, and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key benefits of buying the report
The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall smart ticketing market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
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Global Automated Fare Collection System Market Dynamics, Trends, Revenue, Regional Segmented, Outlook & Forecast Till 2027
Facto Market Insights recently published market research report on the global Automated Fare Collection System market (2021-2027) to its collection of market research reports. The research report covers detailed analysis of market sizing and forecasting of the market covering the market drivers, challenges, opportunity analysis, and trends, along with various key insights in the Global market. The research report also includes the analysis of regional manufacturers and new market players, covering all the information suitable for the clients to make strategic business decisions in the industry.
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The report covers PESTLE analysis and porter’s five forces analysis which demonstrates the five forces including buyers bargaining power, suppliers bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the Global automated fare collection system market. In the study, the framework of porter's five forces analysis explains the method for analyzing the competition of the business covering the industry structure & the level of competition in the market. Along with this, the research report also covers the facts & figures related to the macroeconomic trends that are anticipated to impact the growth of the overall market.
In addition to this, the report also covers the section of competitive landscape of the Global automated fare collection system market, which includes the market share & positioning of all the leading players in the industry. The competitive landscape analysis provides in-depth analysis of the company’s business and performance including company overview, recent investments by top players, financial information of market players, business strategy, revenue breakup by segment and by geography, SWOT Analysis, key product offering, marketing and distribution strategies, new product development. A section of recent news & development has been added to the report which covers the latest information that are related with the market covering the acquisition, expansion, technology development, research & development activities, and other market activities.
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The Following are the Key Features of Global Automated Fare Collection System Market Report:
Market Overview, Industry Development, Market Maturity, PESTLE Analysis, Value Chain Analysis
Growth Drivers and Barriers, Market Trends & Market Opportunities
Porter’s Five Forces Analysis & Trade Analysis
Market Forecast Analysis for 2021-2028
Market Segments by Geographies and Countries
Market Segment Trend and Forecast
Market Analysis and Recommendations
Price Analysis
Key Market Driving Factors
Automated Fare Collection System Market Company Analysis: Company Market Share & Market Positioning, Company Profiling, Recent Industry Developments etc.
Market Segmentation:
The research offers a comprehensive analysis of Global automated fare collection system market with respect to following sub-markets:
Key Market Segments
By Application
Bus
Toll
Train
Car Rental
By Component
Hardware
Software & Services
By Technology Platform
Smart Card
Near Field Communications
Optical Character Recognition (OCR)
Others (Magnetic Strips and Bar Codes)
Regional Insights:
The report analyses the market by geographies i.e. Global, Global, Asia Pacific, Latin America & Middle East & Africa. Further, the regions are fragmented into the country and regional groupings:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Analysis
The central members of the market are recorded in this segment of the examination. It assists with understanding the strategies and unions that players focus on battling market competition. A fundamental infinitesimal glance at the market is given in the essential investigation. The significant players working in the Global automated fare collection system market are:
Atos SE
• Cubic Transportation Systems, Inc.
• dormakaba Holding
• LECIP Group
• LG CNS
• NXP Semiconductors
• OMRON Corporation
• Samsung SDS
• Scheidt & Bacchhan Gmbh
• Thales Group
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Our in-house research experts have a wealth of knowledge in their respective domains. With Facto Market Research, you always have the choice of getting customized report free of cost (upto 10%). Our support team will help you customize the report and scope as per your business needs. This ensures that you are making the right purchase decision.
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Automated Fare Collection System Market Expected to Witness a Sustainable Growth over 2026
The Global Automated Fare Collection System Market 2020-2026 Report provides an in-depth analysis on the studied market that helps to look at the future requirement as well as prediction. The automated fare collection system market report evaluates the market by key market players, opportunities, value, trends, growth, market share, market competition landscape, recent developments and sales volume analysis. In addition, it magnifies the opportunity for decision-making and helps create an efficient counter-strategy to achieve a competitive advantage. The report provides up-to-date review of the current global market scenario, the latest developments and drivers, and the overall market environment is given in the study.
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The Following are the Key Features of Global Automated Fare Collection System Market Report:
Market Overview, Industry Development, Market Maturity, PESTLE Analysis, Value Chain Analysis
Growth Drivers and Barriers, Market Trends & Market Opportunities
Porter’s Five Forces Analysis & Trade Analysis
Market Forecast Analysis for 2020-2026
Market Segments by Geographies and Countries
Market Segment Trend and Forecast
Market Analysis and Recommendations
Price Analysis
Key Market Driving Factors
Automated Fare Collection System Market Company Analysis: Company Market Share & Market Positioning, Company Profiling, Recent Industry Developments etc.
Global Automated Fare Collection System Market Segmentation Analysis:
this segmentation includes the segments which hold the major contribution into the market and also provides detailed growth parameters about the market.
By Application
• Bus
• Toll
• Train
• Car Rental
By Component
• Hardware
• Software & Services
By Technology Platform
• Smart Card
• Near Field Communications
• Optical Character Recognition (OCR)
• Others (Magnetic Strips and Bar Codes)
Automated Fare Collection System Market, By Region:
The geographic segmentation of the studied market covers various regions such as North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), Middle East & Africa (GCC, North Africa, South Africa, and Rest of Middle East & Africa).
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Competitive Landscape
Atos SE
• Cubic Transportation Systems, Inc.
• dormakaba Holding
• LECIP Group
• LG CNS
• NXP Semiconductors
• OMRON Corporation
• Samsung SDS
• Scheidt & Bacchhan Gmbh
• Thales Group
Report Scope:
The report defines market characteristics and explains the market.
The market size section provides the market size that covers historical growth of the studied market and forecast to 2026.
Evaluation of regional and country breakdowns that provides an overview of the market in each region, the market size, and compares their historical and projected growth.
A summary of the competitive dynamics of the market, market shares, and an overview of the leading companies. Key financial deals are listed that have dominated the market in recent years.
Analysis of trends and strategies along with the suggestions for the growth of the industry.
Reasons to purchase the report:
Identify possible investment areas based on a comprehensive trend analysis of the global automated fare collection system Market over the next few years.
Gain in-depth knowledge of the underlying factors that drive demand for automated fare collection system and recognize the opportunities provided by them.
Strengthen the business knowledge in terms of industry dynamics, demand drivers, and the latest technological advances among others.
Identify the major channels that drive the demand for automated fare collection system, offering a strong image of potential prospects that can be tapped, resulting in growth in revenue.
Channelize funds by concentrating on the ongoing initiatives pursued by the numerous countries in the global automated fare collection system market.
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Facto Market Insights is one of the leading providers of market intelligence products and services. We offer reports on over 10+ industries and update our collection daily which helps our clients to access database of expert market insights on global industries, companies, products, and trends.
Our in-house research experts have a wealth of knowledge in their respective domains. With Facto Market Research, you always have the choice of getting customized report free of cost (upto 10%). Our support team will help you customize the report and scope as per your business needs. This ensures that you are making the right purchase decision.
Our clients list includes various Fortune 500 companies and leading advisory firms.
Contact Us:
Facto Market Insights
90 State Street, Albany,
New York, USA 12207
+1 (518) 300-1215
Email:[email protected]
Website: www.factomarketinsights.com
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Smart Cards Automated Fare Collection Systems Market Status and Trend Analysis 2017-2026 (COVID-19 Version)
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Smart Cards Automated Fare Collection Systems Market Status and Trend Analysis 2017-2026 (COVID-19 Version)/caption]
Due to the pandemic, we have included a special section on the Impact of COVID 19 on the Smart Cards Automated Fare Collection Systems Market Status and Trend Analysis 2017-2026 (COVID-19 Version) 2020-2026 which would mention How the Covid-19 is Affecting the Industry, Market Trends and Potential Opportunities in the COVID-19 Landscape, Key Regions and Proposal for Smart Cards Automated Fare Collection Systems Market Status and Trend Analysis 2017-2026 (COVID-19 Version) Players to battle Covid-19 Impact.
Smart Cards Automated Fare Collection Systems Market Status and Trend Analysis 2017-2026 (COVID-19 Version) 2020-2026The
Smart Cards Automated Fare Collection Systems Market Status and Trend Analysis 2017-2026 (COVID-19 Version) 2020-2026
report is one of the most comprehensive and important data about business strategies, qualitative and quantitative analysis of Global Market. It offers detailed research and analysis of key aspects of the Smart Cards Automated Fare Collection Systems Market Status and Trend Analysis 2017-2026 (COVID-19 Version). The market analysts authoring this report have provided in-depth information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the Smart Cards Automated Fare Collection Systems Market Status and Trend Analysis 2017-2026 (COVID-19 Version).
Top Leading players covered in the Smart Cards Automated Fare Collection Systems Market Status and Trend Analysis 2017-2026 (COVID-19 Version) report : Cubic Corporation The Nippon Signal Omron Corporation Scheidt & Bachmann Thales Group INIT Huaming Xerox GFI Genfare LECIP Shanghai Potevio Company Limited Gunnebo GMV Huahong Jitong GRG Banking and More...
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The report offers clear guidelines for players to cement a position of strength in the global Smart Cards Automated Fare Collection Systems Market Status and Trend Analysis 2017-2026 (COVID-19 Version). It prepares them to face future challenges and take advantage of lucrative opportunities by providing a broad analysis of market conditions. the global Smart Cards Automated Fare Collection Systems Market Status and Trend Analysis 2017-2026 (COVID-19 Version) will showcase a steady CAGR in the forecast year 2020 to 2026.
Market Segment by Type covers: Farebox Ticket Vending Machines (TVM) Validator
Market Segment by Application covers: Off-Board On-Board
Our Complimentary Sample Smart Cards Automated Fare Collection Systems Market Status and Trend Analysis 2017-2026 (COVID-19 Version) Report Accommodate a Brief Introduction of the research report, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology.
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Regions Covered in the Global Smart Cards Automated Fare Collection Systems Market Status and Trend Analysis 2017-2026 (COVID-19 Version):
• The Middle East and Africa (GCC Countries and Egypt)
• North America (the United States, Mexico, and Canada)
• South America (Brazil etc.)
• Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Years Considered to Estimate the Smart Cards Automated Fare Collection Systems Market Status and Trend Analysis 2017-2026 (COVID-19 Version) Size:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2020-2026
Highlights of the Report:
• Accurate market size and CAGR forecasts for the period 2019-2026
• Identification and in-depth assessment of growth opportunities in key segments and regions
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• Exhaustive research on innovation and other trends of the global Smart Cards Automated Fare Collection Systems Market Status and Trend Analysis 2017-2026 (COVID-19 Version)
• Reliable industry value chain and supply chain analysis
• Comprehensive analysis of important growth drivers, restraints, challenges, and growth prospects
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Automated Fare Collection System Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2028
Global Automated Fare Collection System Market – Overview
The automated fare collection system is an end-to-end solution for collecting fare payments that consists of ticket vending machines, automatic gate machines, recharging terminals, and ticket checking machines. This system improves the efficiency in fare collection, facilitates the overall transaction rate, and minimizes waiting time in queues as well as searching for cash to buy tickets. It also has an easy method for revenue collection that offers travelers one card to use for all transit modes. As a result, this contactless system is replacing traditional ticketing system with automated ticketing.
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Global Automated Fare Collection System Market – Competitive Landscape
The global automated fare collection system market features a fragmented landscape owing to the strong presence of several key players in the market. These leading companies in the global market are constantly focusing on manufacturing technologically advanced products that will enhance efficiency. Naturally, the competition on the basis of pricing in the market quite high and is working in favor of the development of the global market. The existing market players are deploying various strategies and advanced techniques to thrive in the global market.
Some of the leading companies in the global automated fare collection system market include names such as Thales Group, Scheidt & Bacchhan Gmbh, Samsung SDS, OMRON Corporation, NXP Semiconductors, LG CNS, LECIP Group, Cubic Transportation Systems, Inc., Atos SE, and dormakaba Holding among others.
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Global Automated Fare Collection System Market – Drivers and Restraints
The requirement for user-friendly and convenient payment is increasing owing to the progress in cashless modes of payment. The automated fare collection system caters to this requirement by offering contactless bank cards that are accepted by the transit operators as a mode of payment for commuting. It enables their debit or credit cards to act as a ticket office and even saves time by eliminating the need for passengers to wait in long queues for purchasing tickets. Additionally, smart phones have become an essential tool for online ticketing, which is contributing significantly to the development of the global automated fare collection system market. The ease of purchasing tickets through smartphone applications for travelling in buses and railways is further propelling the advancement of this market. The high level of security encryption and storage capacity is reducing the number of frauds and preventing counterfeiting which is benefitting the global market.
Global Automated Fare Collection System Market – Geographical Outlook
The global automated fare collection system market has five main regions that provide the reader with the intricate details of the working dynamics of the regional landscape. These regions are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Of these, currently, the global automated fare collection system market is growing remarkably owing to the substantial contribution of the regional segment of Asia Pacific. The focus of the government on improving the transportation structure and security system of their respective countries in the region is increasing the demand for the global automated fare collection system market.
Market Segmentation is as follows:
By Applications
Bus
Toll
Train
Car Rental
By Component (2016–2026; US$ Mn)
Hardware
Software & Services
By Technology Platform
Smart Card
Near Field Communications
Optical Character Recognition (OCR)
Others (Magnetic Strips and Bar Codes)
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TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
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