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Global Automated Fare Collection Market: By Application: Rail and Transport, Parking, Theme Park, Others; By Service Type: Consulting, System Implementation, Training, Others; By Technology; By Industry; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Automated Fare Collection Market Outlook
The global automated fare collection market is expected to expand from USD 7.2 billion in 2020 to USD 15.2 billion by 2026, growing at a CAGR of 13.3% during the forecast period of 2022-2027. 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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Service Type, Technology, Industry, Region |
| Breakup by Application | Rail and Transport, Parking, Theme Park, Others |
| Breakup by Service Type | Consulting, System Implementation, Training, Support & Maintenance, Managed Services |
| Breakup by Technology | Near-Field Communication (NFC), Magnetic Stripes, Others |
| Breakup by Industry | Transportation and Logistics, Government, Media & Entertainment, Retail, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | 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, Others |
| 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global Automated Fare Collection Market Analysis
8.1 Key Industry Highlights
8.2 Global Automated Fare Collection Historical Market (2017-2021)
8.3 Global Automated Fare Collection Market Forecast (2022-2027)
8.4 Global Automated Fare Collection Market by Application
8.4.1 Rail and Transport
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Parking
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Theme Park
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Others
8.5 Global Automated Fare Collection Market by Service Type
8.5.1 Consulting
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 System Implementation
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Training, Support & Maintenance
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Managed Services
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Others
8.6 Global Automated Fare Collection Market by Technology
8.6.1 Near-Field Communication (NFC)
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Magnetic Stripes
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Others
8.7 Global Automated Fare Collection Market by Industry
8.7.1 Transportation and Logistics
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Government
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Media & Entertainment
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.7.4 Retail
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2017-2021)
8.7.4.3 Forecast Trend (2022-2027)
8.7.5 Others
8.8 Global Automated Fare Collection Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Advanced Card Systems Ltd.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Cubic Corporation
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 LG CNS
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Atos SE
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Singapore Technologies Engineering Ltd
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Nippon Signal Co., Ltd.
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Thales SA
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 LECIP HOLDINGS CORPORATION
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio
11.2.8.3 Demographic Reach and Achievements
11.2.8.4 Certifications
11.2.9 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Automated Fare Collection Market: Key Industry Highlights, 2017 and 2027
2. Global Automated Fare Collection Historical Market: Breakup by Application (USD Million), 2017-2021
3. Global Automated Fare Collection Market Forecast: Breakup by Application (USD Million), 2022-2027
4. Global Automated Fare Collection Historical Market: Breakup by Service Type (USD Million), 2017-2021
5. Global Automated Fare Collection Market Forecast: Breakup by Service Type (USD Million), 2022-2027
6. Global Automated Fare Collection Historical Market: Breakup by Technology (USD Million), 2017-2021
7. Global Automated Fare Collection Market Forecast: Breakup by Technology (USD Million), 2022-2027
8. Global Automated Fare Collection Historical Market: Breakup by Industry (USD Million), 2017-2021
9. Global Automated Fare Collection Market Forecast: Breakup by Industry (USD Million), 2022-2027
10. Global Automated Fare Collection Historical Market: Breakup by Region (USD Million), 2017-2021
11. Global Automated Fare Collection Market Forecast: Breakup by Region (USD Million), 2022-2027
12. North America Automated Fare Collection Historical Market: Breakup by Country (USD Million), 2017-2021
13. North America Automated Fare Collection Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Europe Automated Fare Collection Historical Market: Breakup by Country (USD Million), 2017-2021
15. Europe Automated Fare Collection Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Asia Pacific Automated Fare Collection Historical Market: Breakup by Country (USD Million), 2017-2021
17. Asia Pacific Automated Fare Collection Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Latin America Automated Fare Collection Historical Market: Breakup by Country (USD Million), 2017-2021
19. Latin America Automated Fare Collection Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Middle East and Africa Automated Fare Collection Historical Market: Breakup by Country (USD Million), 2017-2021
21. Middle East and Africa Automated Fare Collection Market Forecast: Breakup by Country (USD Million), 2022-2027
22. Global Automated Fare Collection Market Structure
Key Questions Answered in the Report
In 2020, the global automated fare collection market attained a value of nearly USD 7.2 billion.
The market is projected to grow at a CAGR of 13.3% between 2022 and 2027.
The industry is being 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 key trends propelling the industry’s expansion are the rising demand for solutions enabling congestion-free travel and the rising government emphasis on automated fare collection.
The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
Rail and transport, parking, and theme park, among others are the various applications in the industry.
Consulting, system implementation, training, support and maintenance, and managed services are the various service types in the industry.
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 industry are Advanced Card Systems Limited, Cubic Corporation, LG CNS, NXP Semiconductors N.V., OMRON Corporation, SAMSUNG SDS America, Inc, Scheidt & Bachmann GmbH, Thales Group, and LECIP HOLDINGS CORPORATION, among others.
Analyst Review
The global automated fare collection market attained a value of USD 7.2 billion in 2020, 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 2022-2027, growing at a CAGR of 13.3%.
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 Limited, Cubic Corporation, LG CNS, NXP Semiconductors N.V., OMRON Corporation, SAMSUNG SDS America, Inc, Scheidt & Bachmann GmbH, Thales Group, and LECIP HOLDINGS CORPORATION, among 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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