ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET FORECAST 2023-2032
The Asia-Pacific automated fare collection system market is expected to record a CAGR of 13.50% during the forecasted years of 2023-2032, acquiring a revenue share of $8919.56 million by 2032.
ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET FORECAST 2023-2032
Asia-Pacific Automated Fare Collection System Market by Component (Hardware, Software, Services) Market by Technology (Smartcards, Optical Character Recognition, Near-field Communication, Other Technologies) Market by Application (Transport & Logistics, Parking, Media & Entertainment, Other Applications) by Geography
The Asia-Pacific automated fare collection system market is expected to record a CAGR of 13.50% during the forecasted years of 2023-2032, acquiring a revenue share of $8919.56 million by 2032.
Key factors, such as the expanding use of contactless smartcards as well as online shopping, the rise in urban metro projects, and the initiatives undertaken to strengthen the region’s transportation framework are expected to play an essential role in propelling the automated fare collection system market growth in the Asia-Pacific. However, a shortage of funding likely to delay ongoing as well as future developments may hinder the region’s market growth.
To know more about this report, request a free sample copy
The Asia-Pacific automated fare collection system market growth study entails the analysis of China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific. Advantech’s TA-1000 Series AFC Controller has continued to be a key component of the metropolitan automated fare collection (AFC) system in China. It was also a success across the Asia-Pacific, spanning Shanghai to Singapore, and caters to the requirements of the railway as well as metro stations. The series’ automated gate system is highly reliable, entailing a simpler way to regulate and maintain a consistent flow in the number of passengers, especially during peak hours.
Conversely, the increasing demand for automated payments is expected to augment the automated fare collection system market in Japan. Aligning with this, the country has introduced rechargeable IC cards that can be utilized to make payments on vending machines, as well as public transportation, shops, and restaurants. BMW Japan also installed dedicated short-range communications electronic toll collection (DSRC ETC) units as a standard on all models sold in the nation. Furthermore, Japan has one of the highest rates of ETC device penetration worldwide, as well, with nearly 60 million active units. As a result, these factors are anticipated to propel the automated fare collection system market growth in the Asia-Pacific during the forecasting years.
The Asia-Pacific automated fare collection system market is segmented into component, technology, and application. The component segment includes hardware, software, and services. Hardware components include card validators, automatic vending machines, paper ticket validators, and others. While a card validator accepts fares via smartcards installed within the vehicle or at a metro gate, paper ticket validator permits single paper tickets through a QR code, providing passengers with trip details, such as date, route, and time.
On the other hand, the implementation of an automated fare collection system constitutes integration, support, design, and maintenance of the software in order to facilitate the smooth functioning of the system. An automated fare collection system’s software has several features: clearinghouse and back-office, which includes communication infrastructure and software database, as well.
The top players operating in the Asia-Pacific automated fare collection system market are LG CNS, Omron, Dormakaba Group, Samsung SDS, etc.
OMRON Corporation, headquartered in Japan, manufactures and sells equipment, components, and systems globally. The company operates in segments such as automotive electronic components, electronic and mechanical components, industrial automation, healthcare, social systems solutions and services, and others. It also provides electronics as well as electronic components for numerous applications and industries, like automotive components, medical devices, sensors, equipment, controllers, and service systems.
Report Synopsis
|
Report Scope |
Details |
| Market Forecast Years | 2023-2032 |
| Base Year | 2022 |
| Market Historical Years | 2018-2021 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Component, Technology, Application |
| Countries Analyzed | China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific |
| Companies Analyzed |
LG CNS, Atos SE, Cubic Transportation Systems Inc, Dormakaba Group, Lecip Holdings Corporation, Scheidt & Bachmann GmbH, NXP Semiconductors NV, Omron Corporation, Samsung SDS, Thales Group |
To request a free sample copy of this report, please complete the form below:
We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.
- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- SCOPE OF STUDY
- CRISIS SCENARIO ANALYSIS
- MAJOR MARKET FINDINGS
- CONTACTLESS OPEN PAYMENT
- EFFICIENT TRANSACTION PROCESS
- CUSTOMIZED TRAVEL FARE OPTIONS
- LOW MANPOWER COST
- MARKET DYNAMICS
- KEY DRIVERS
- SURGING NUMBER OF SMARTPHONES AND INTERNET SERVICES
- LESSER PROBABILITY OF FRAUD AND COUNTERFEITING
- ADVANCEMENTS IN TRANSPORTATION INFRASTRUCTURE
- ADVANTAGES OF CONTACTLESS PAYMENT SYSTEM
- KEY RESTRAINTS
- PROJECT FUNDING CHALLENGES AND HIGH INITIAL INVESTMENTS
- KEY DRIVERS
- KEY ANALYTICS
- KEY TECHNOLOGY TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- GROWTH PROSPECT MAPPING
- MARKET MATURITY ANALYSIS
- MARKET CONCENTRATION ANALYSIS
- VALUE CHAIN ANALYSIS
- RESEARCH AND DEVELOPMENT (R&D)
- RAW MATERIAL & SOFTWARE SOLUTION SUPPLIERS
- ASSEMBLY UNIT
- DISTRIBUTION
- MARKET BY COMPONENT
- HARDWARE
- SOFTWARE
- SERVICES
- MARKET BY TECHNOLOGY
- SMARTCARDS
- OPTICAL CHARACTER RECOGNITION (OCR)
- NEAR-FIELD COMMUNICATION (NFC)
- OTHER TECHNOLOGIES
- MARKET BY APPLICATION
- TRANSPORT & LOGISTICS
- PARKING
- MEDIA & ENTERTAINMENT
- OTHER APPLICATIONS
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET ESTIMATES & SIZES
- ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET GROWTH DRIVERS
- ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET CHALLENGES
- ASIA-PACIFIC – KEY GOVERNMENT INITIATIVES
- ASIA-PACIFIC – KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- CHINA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- JAPAN
- JAPAN AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- INDIA
- INDIA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- SOUTH KOREA
- SOUTH KOREA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- INDONESIA
- INDONESIA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- THAILAND
- THAILAND AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- VIETNAM
- VIETNAM AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- AUSTRALIA & NEW ZEALAND
- AUSTRALIA & NEW ZEALAND AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- REST OF ASIA-PACIFIC
- REST OF ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- CHINA
- ASIA-PACIFIC
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- COMPANY PROFILES
- ATOS SE
- COMPANY OVERVIEW
- FINANCIAL ANALYSIS
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- CUBIC TRANSPORTATION SYSTEMS INC
- COMPANY OVERVIEW
- FINANCIAL ANALYSIS
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- DORMAKABA GROUP
- COMPANY OVERVIEW
- FINANCIAL ANALYSIS
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- LECIP HOLDINGS CORPORATION
- COMPANY OVERVIEW
- FINANCIAL ANALYSIS
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- LG CNS
- COMPANY OVERVIEW
- FINANCIAL ANALYSIS
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- NXP SEMICONDUCTORS NV
- COMPANY OVERVIEW
- FINANCIAL ANALYSIS
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- OMRON CORPORATION
- COMPANY OVERVIEW
- FINANCIAL ANALYSIS
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- SAMSUNG SDS
- COMPANY OVERVIEW
- FINANCIAL ANALYSIS
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- SCHEIDT & BACHMANN GMBH
- COMPANY OVERVIEW
- FINANCIAL ANALYSIS
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- THALES GROUP
- COMPANY OVERVIEW
- FINANCIAL ANALYSIS
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- ATOS SE
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – AUTOMATED FARE COLLECTION SYSTEM
TABLE 2: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC – KEY GOVERNMENT INITIATIVES
TABLE 11: LEADING PLAYERS OPERATING IN ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET
TABLE 12: LIST OF ACQUISITIONS
TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS
LIST OF FIGURES
FIGURE 1: KEY TECHNOLOGY TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2022
FIGURE 7: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY HARDWARE, 2023-2032 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SOFTWARE, 2023-2032 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SERVICES, 2023-2032 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2022
FIGURE 11: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SMARTCARDS, 2023-2032 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OPTICAL CHARACTER RECOGNITION (OCR), 2023-2032 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY NEAR-FIELD COMMUNICATION (NFC), 2023-2032 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER TECHNOLOGIES, 2023-2032 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022
FIGURE 16: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TRANSPORT & LOGISTICS, 2023-2032 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY PARKING, 2023-2032 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY MEDIA & ENTERTAINMENT, 2023-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 21: CHINA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 22: JAPAN AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 23: INDIA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 24: SOUTH KOREA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 25: INDONESIA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 26: THAILAND AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 27: VIETNAM AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 28: AUSTRALIA & NEW ZEALAND AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 29: REST OF ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 30: ATOS SE– REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 31: ATOS SE – NET PROFIT 2017 – 2021 (IN $ MILLION)
FIGURE 32: ATOS SE – REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 33: CUBIC TRANSPORTATION – REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 34: CUBIC TRANSPORTATION – NET PROFIT 2017 – 2021 (IN $ MILLION)
FIGURE 35: CUBIC TRANSPORTATION – REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 36: DORMAKABA GROUP – REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 37: DORMAKABA GROUP – NET PROFIT 2017 – 2021 (IN $ MILLION)
FIGURE 38: DORMAKABA GROUP – REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 39: LECIP HOLDINGS CORPORATION – REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 40: LECIP HOLDINGS CORPORATION – NET PROFIT 2017 – 2021 (IN $ MILLION)
FIGURE 41: LECIP HOLDINGS CORPORATION – REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 42: LG CNS – REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 43: LG CNS – NET PROFIT 2017 – 2021 (IN $ MILLION)
FIGURE 44: LG CNS – REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 45: NXP SEMICONDUCTORS NV – REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 46: NXP SEMICONDUCTORS NV – NET PROFIT 2017 – 2021 (IN $ MILLION)
FIGURE 47: NXP SEMICONDUCTORS NV – REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 48: OMRON CORPORATION – REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 49: OMRON CORPORATION – NET PROFIT 2017 – 2021 (IN $ MILLION)
FIGURE 50: OMRON CORPORATION – REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 51: SAMSUNG SDS – REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 52: SAMSUNG SDS – NET PROFIT 2017 – 2021 (IN $ MILLION)
FIGURE 53: SAMSUNG SDS – REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 54: SCHEIDT & BACHMANN GMBH – REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 55: SCHEIDT & BACHMANN GMBH – NET PROFIT 2017 – 2021 (IN $ MILLION)
FIGURE 56: SCHEIDT & BACHMANN GMBH – REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 57: THALES GROUP – REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 58: THALES GROUP – NET PROFIT 2017 – 2021 (IN $ MILLION)
FIGURE 59: THALES GROUP – REVENUE BY SEGMENT IN 2021 (IN %)
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET ESTIMATES & SIZES
- ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET GROWTH DRIVERS
- ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET CHALLENGES
- ASIA-PACIFIC – KEY GOVERNMENT INITIATIVES
- ASIA-PACIFIC – KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- CHINA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- JAPAN
- JAPAN AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- INDIA
- INDIA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- SOUTH KOREA
- SOUTH KOREA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- INDONESIA
- INDONESIA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- THAILAND
- THAILAND AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- VIETNAM
- VIETNAM AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- AUSTRALIA & NEW ZEALAND
- AUSTRALIA & NEW ZEALAND AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- REST OF ASIA-PACIFIC
- REST OF ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
- CHINA
- ASIA-PACIFIC
- MARKET BY COMPONENT
- HARDWARE
- SOFTWARE
- SERVICES
- MARKET BY TECHNOLOGY
- SMARTCARDS
- OPTICAL CHARACTER RECOGNITION (OCR)
- NEAR-FIELD COMMUNICATION (NFC)
- OTHER TECHNOLOGIES
- MARKET BY APPLICATION
- TRANSPORT & LOGISTICS
- PARKING
- MEDIA & ENTERTAINMENT
- OTHER APPLICATIONS
To request a free sample copy of this report, please complete the form below :
We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.