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Global Automated Fare Collection Market to Grow at a CAGR of 13.3% between 2021 and 2026.

Automated Fare Collection Market

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 (2018-2028); 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 9.3 billion in 2022 to USD 18.8 billion by 2028, growing at a CAGR of 12.50% during the forecast period of 2023-2028. The market is being driven by the increasing adoption of cashless fare collection system in the transportation sector, globally.

 

Automated Fare Collection Market

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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.

 

Automated Fare Collection Market By Segments

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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.

 

Automated Fare Collection Market By Region

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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 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 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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.

 

*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 (2018-2022) 
    8.3    Global Automated Fare Collection Market Forecast (2023-2028)
    8.4    Global Automated Fare Collection Market by Application 
        8.4.1    Rail and Transport
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Parking
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Theme Park
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Automated Fare Collection Market by Service Type 
        8.5.1    Consulting 
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    System Implementation
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Training, Support & Maintenance
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Managed Services
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        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 (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Magnetic Stripes
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        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 (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Government 
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Media & Entertainment
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Retail
            8.7.4.1    Historical Trend (2018-2022)
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Others   
    8.8    Global Automated Fare Collection Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2022) 
            8.8.1.2    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2022) 
            8.8.2.2    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2022) 
            8.8.3.2    Forecast Trend (2023-2028)
        8.8.4    Latin America
              8.8.4.1    Historical Trend (2018-2022) 
              8.8.4.2    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2022) 
            8.8.5.2    Forecast Trend (2023-2028)
9    North America Automated Fare Collection Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Automated Fare Collection Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5   Others
11    Asia Pacific Automated Fare Collection Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Automated Fare Collection Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Automated Fare Collection Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    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    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 2028
2.    Global Automated Fare Collection Historical Market: Breakup by Application (USD Million), 2018-2022
3.    Global Automated Fare Collection Market Forecast: Breakup by Application (USD Million), 2023-2028
4.    Global Automated Fare Collection Historical Market: Breakup by Service Type (USD Million), 2018-2022
5.    Global Automated Fare Collection Market Forecast: Breakup by Service Type (USD Million), 2023-2028
6.    Global Automated Fare Collection Historical Market: Breakup by Technology (USD Million), 2018-2022
7.    Global Automated Fare Collection Market Forecast: Breakup by Technology (USD Million), 2023-2028
8.    Global Automated Fare Collection Historical Market: Breakup by Industry (USD Million), 2018-2022
9.    Global Automated Fare Collection Market Forecast: Breakup by Industry (USD Million), 2023-2028
10.    Global Automated Fare Collection Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Automated Fare Collection Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Automated Fare Collection Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Automated Fare Collection Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Automated Fare Collection Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Automated Fare Collection Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Automated Fare Collection Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Automated Fare Collection Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Automated Fare Collection Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Automated Fare Collection Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Automated Fare Collection Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Automated Fare Collection Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global Automated Fare Collection Market Structure

Key Questions Answered in the Report

What was the global automated fare collection market size in 2022?

In 2022, the global automated fare collection market attained a value of nearly USD 9.3 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 12.50% between 2023 and 2028.

What are the major drivers of the market?

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.

What are the key trends in the automated fare collection market?

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.

What are the major regional markets of the global automated fare collection market, according to the EMR report?

The major regions in the market are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.

What are the application sectors for the market?

The application sectors for the market include rail and transport, parking, and theme park, among others.
 

What are the different types of services in the market?

Consulting, system implementation, training, support and maintenance, and managed services are the different types of services in the market.

What are the different types of technology in the global automated fare collection market?

Near-Field Communication (NFC), and magnetic stripes, among others are the different types of technology in the market.

What are the leading industries in the market?

Transportation and logistics, government, media and entertainment, and retail, among others are the leading industries.

Who are the key players in the market, according to the report?

The major players in the market 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 9.3 billion in 2022, 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 2023-2028, growing at a CAGR of 12.50%.

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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