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Global Automated Fare Collection Market Size, Share, Trends: By Application: Rail and Transport, Parking, Theme Park, Others; By Service Type: Consulting, System Implementation, Training, Others; By Technology: Near-Field Communication (NFC), Magnetic Stripes, Others; By Industry; Regional Analysis; Competitive Landscape; 2024-2032
Global Automated Fare Collection Market Outlook
The global automated fare collection market is expected to expand from USD 10.46 billion in 2023 to USD 30.11 billion by 2032, growing at a CAGR of 12.5% during the forecast period of 2024-2032. The market is being driven by the increasing adoption of cashless fare collection system in the transportation sector, globally.
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Market Segmentation
Automated fare collection is a smart technique for payment of public transport systems. It provides travellers the access to multiple modes of transportation such as bus, and taxi for commutation by using tickets to pass through automated electronic system. It offers reliable and effective government transport payment techniques. It is used for rail and transport, parking, and theme park, among others.
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The automated fare collection sector can be divided based on:
- Industry
- Transportation and Logistics
- Government
- Media & Entertainment
- Retail
- Others
- Service Type
- Consulting
- System Implementation
- Training, Support & Maintenance
- Managed Services
- Technology
- Near-Field Communication (NFC)
- Magnetic Stripes
- Others
The EMR report looks into the regional automated fare collection industry, which are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
Market Analysis
The global automated fare collection industry is being driven by rising demand for solutions enabling congestion-free traffic. The market is further expanding with the rising government emphasis on investment of automated fare collection. The other factors like the benefit from cashless travel facility and decrease in environmental pollution are providing further impetus to the market. Slow growth of the industry in weak economies due to high installation cost might affect the growth of the global automated fare collection sector.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global automated fare collection Industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Advanced Card Systems Ltd.
- Cubic Corporation
- LG CNS
- Atos SE
- Singapore Technologies Engineering Ltd
- Nippon Signal Co., Ltd.
- Thales SA
- LECIP HOLDINGS CORPORATION
- NXP Semiconductors N.V.
- OMRON Corporation
- SAMSUNG SDS America, Inc.
- Scheidt & Bachmann GmbH
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Service Type |
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| Breakup by Technology |
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| Breakup by Industry |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automated Fare Collection Market Analysis
8.1 Key Industry Highlights
8.2 Global Automated Fare Collection Historical Market (2018-2023)
8.3 Global Automated Fare Collection Market Forecast (2024-2032)
8.4 Global Automated Fare Collection Market by Application
8.4.1 Rail and Transport
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Parking
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Theme Park
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Automated Fare Collection Market by Service Type
8.5.1 Consulting
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 System Implementation
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Training, Support & Maintenance
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Managed Services
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Automated Fare Collection Market by Technology
8.6.1 Near-Field Communication (NFC)
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Magnetic Stripes
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Automated Fare Collection Market by Industry
8.7.1 Transportation and Logistics
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Government
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Media & Entertainment
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Retail
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Automated Fare Collection Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Automated Fare Collection Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Automated Fare Collection Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automated Fare Collection Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automated Fare Collection Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automated Fare Collection Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Advanced Card Systems Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Cubic Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 LG CNS
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Atos SE
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Singapore Technologies Engineering Ltd
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Nippon Signal Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Thales SA
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 LECIP HOLDINGS CORPORATION
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 NXP Semiconductors N.V.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 OMRON Corporation
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 SAMSUNG SDS America, Inc.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Scheidt & Bachmann GmbH
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automated Fare Collection Market: Key Industry Highlights, 2018 and 2032
2. Global Automated Fare Collection Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Automated Fare Collection Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Automated Fare Collection Historical Market: Breakup by Service Type (USD Million), 2018-2023
5. Global Automated Fare Collection Market Forecast: Breakup by Service Type (USD Million), 2024-2032
6. Global Automated Fare Collection Historical Market: Breakup by Technology (USD Million), 2018-2023
7. Global Automated Fare Collection Market Forecast: Breakup by Technology (USD Million), 2024-2032
8. Global Automated Fare Collection Historical Market: Breakup by Industry (USD Million), 2018-2023
9. Global Automated Fare Collection Market Forecast: Breakup by Industry (USD Million), 2024-2032
10. Global Automated Fare Collection Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Automated Fare Collection Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Automated Fare Collection Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Automated Fare Collection Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Automated Fare Collection Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Automated Fare Collection Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Automated Fare Collection Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Automated Fare Collection Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Automated Fare Collection Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Automated Fare Collection Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Automated Fare Collection Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Automated Fare Collection Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Automated Fare Collection Market Structure
Key Questions Answered in the Report
In 2023, the global automated fare collection market attained a value of nearly USD 10.46 billion.
The market is projected to grow at a CAGR of 12.5% between 2024 and 2032.
The market growth is driven by the growing use of cashless fare collection systems in the transportation sector worldwide, growing cashless travel facility, and decrease in environmental pollution.
The rising demand for solutions enabling congestion-free travel and the rising government emphasis on automated fare collection act as key trends aiding the market growth.
The major regions in the market are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
The application sectors for the market include rail and transport, parking, and theme park, among others.
Consulting, system implementation, training, support and maintenance, and managed services are the different types of services in the market.
Near-Field Communication (NFC), and magnetic stripes, among others are the different types of technology in the market.
Transportation and logistics, government, media and entertainment, and retail, among others are the leading industries.
The major players in the market are Advanced Card Systems Ltd., Cubic Corporation, LG CNS, Atos SE, Singapore Technologies Engineering Ltd, Nippon Signal Co., Ltd., Thales SA, LECIP HOLDINGS CORPORATION. NXP Semiconductors N.V., OMRON Corporation, SAMSUNG SDS America, Inc., Scheidt & Bachmann GmbH and Others.
Analyst Review
The global automated fare collection market attained a value of USD 10.46 billion in 2023, driven by the growing use of cashless fare collection systems in the transportation sector worldwide. Aided by the rising demand for solutions enabling congestion-free travel and the rising government emphasis on automated fare collection, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 12.5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its applications, the global automated fare collection industry can be segmented into rail and transport, parking, and theme park, among others. By service type, the various segments in the industry are consulting, system implementation, training, support and maintenance, and managed services. On the basis of division by technology, the various classifications are near-field communication (NFC) and magnetic stripes, among others. Based on industry, transportation and logistics, government, media and entertainment, and retail, among others are the various industries. The major regional markets for the global automated fare collection industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. The key players in the above market include Advanced Card Systems Ltd., Cubic Corporation, LG CNS, Atos SE, Singapore Technologies Engineering Ltd, Nippon Signal Co., Ltd., Thales SA, LECIP HOLDINGS CORPORATION. NXP Semiconductors N.V., OMRON Corporation, SAMSUNG SDS America, Inc., Scheidt & Bachmann GmbH and Others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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