Global Automated Fare Collection Market: By Application:  Rail and Transport, Parking, Theme Park, Others; By Service Type: Consulting, System Implementation, Training, Support & Maintenance, Managed Services; By Technology: Near-Field Communication (NFC), Magnetic Stripes, Others; By Industry:  Transportation and Logistics, Government, Media & Entertainment, Retail, Others; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Supply and Demand (2015-2019); Supply and Demand Forecast (2020-2025); SWOT Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Events and Developments

Global Automated Fare Collection Market Key Insights:

Market Outlook

The global automated fare collection market is expected to expand from USD 7.2 billion in 2019 to USD 15.2 billion by 2025, growing at a CAGR of 13.3% during the forecast period of 2020-2025. The market is being driven by the increasing adoption of cashless fare collection system in the transportation sector, globally.

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Properties and Applications

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.

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.

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 Limited
• Cubic Corporation
• LG CNS
• NXP Semiconductors N.V.
• OMRON Corporation
• SAMSUNG SDS America, Inc.
• Scheidt & Bachmann GmbH
• Thales Group
• LECIP Holdings Corporation

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 Questions Answered in the Market Report:

• How has the global automated fare collection industry performed in the previous years (2015-2019)?
• What is the forecasted assessment of the market for 2020-2025?
• What are the major drivers for the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major constraints for the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major demand indicators of the global market?
• What is the degree of competition in the global market?
• What are the major events and developments taking place within the global industry?

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