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GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Global 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


MARKET OVERVIEW

The global automated fare collection system market was valued at $7249.94 million in 2022 and is projected to reach $21652.05 million by 2032, growing at a CAGR of 11.63% over the forecasting period 2023 to 2032

An automated fare collection system (AFCS), often referred to as an electronic fare collection system, is an automated solution that aids public transit operators in tracking and accounting for revenue. Moreover, as a collection of hardware and software tools that facilitates easy-to-pay fares, AFCS also verifies passenger travel and provides a convenient method of payment in place of cash. 

Technologies like smartcards, optical character recognition (OCR), near field communication (NFC), and others, including bar codes and magnetic strips, are widely used in the global automated fare collection system market.

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GROWTH ENABLERS

Key growth enablers of the global automated fare collection system market:

  • Surging number of smartphones and internet services 
  • Lesser probability of fraud and counterfeiting
  • Advancements in transportation infrastructure
    • The governments of East Asian countries, especially China, Japan, and recently, India, have been focusing on improving the transportation structure and security system, particularly the High-Speed Railway (HSR). 
    • China owns the largest HSR system in the world, with a total operating high-speed rail network of 40,000 kilometers in 2021, over 3 times the HSR distance of the European countries. 
    • In addition, with an estimated annual traffic of about a billion people, China is also projected to increase its HSR network to 50,000 km by 2025. 
    • Moreover, due to transit systems requiring automated ticket collection solutions, this factor increases the adoption rate of automated fare collection (AFC) systems, as they are more appealing and convenient for travelers.
  • Advantages of contactless payment system

GROWTH RESTRAINTS

Key growth restraining factors of the global automated fare collection system market:

  • Project funding challenges and high initial investments
    • Finance plays a vital role in the transport infrastructure segment. However, the materials utilized in the industry, coupled with the construction equipment, are expensive. 
    • Developers are often required to make bulk purchases and advance cash payments in order to avail of discounts in the market. But, this significantly impacts a business’ cash flow, thus necessitating finances from external sources.
    • Furthermore, developers are also facing a massive liquidity crunch, owing to the cautious lending and dried-up investments due to economic slowdowns. This factor has not only curbed the number of new projects and investments but also impacted project execution adversely.

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KEY MARKET TRENDS

Global Automated Fare Collection System Market | Key Technology Trends

  • Automated fare collection systems eliminate the need for cash payments and uncertainties about communication difficulties between drivers and passengers, thus enabling hassle-free payment using smartcards. Moreover, given the advantages of a smartcard, essential information is gathered and instantaneously added to a database that enables effective payment management, quicker transactions, and shorter processing times.
  • Several transit agencies are experimenting with technologies to collect fares amid the surging popularity of contactless QR-code and NFC technologies for electronic fare collection. Aligning with this, in October 2021, Stadtwerke Osnabrück, a German company, introduced the nation’s first check-in/be-out systems in Osnabrück.

MARKET SEGMENTATION

Market Segmentation – Component, Technology, and Application –Market by Component:
  • Hardware
    • The hardware segment, under the component category, is estimated to grow with the highest CAGR during the forecast period. 
    • Hardware components include card validators, paper ticket validators, POS terminals, turnstiles, automatic vending machines, and others.
    • A card validator accepts fares through smartcards installed either within the vehicle or at a metro gate. It also enables the passengers to check their card balance by tapping the card twice on a card validator. 
    • On the other hand, paper ticket validators consent single paper tickets through a QR code, providing passengers with trip details such as date, time, and route. 
    • The POS terminal is a small, portable, and fast-operating device that supports printing receipts. Moreover, its high data storage capacity further enables standard financial transactions.
  • Software
  • Services
Market by Technology:
  • Smartcards
  • Optical Character Recognition (OCR)
  • Near-Field Communication (NFC)
    • Near-field communication (NFC) captured the highest revenue share in 2022. 
    • Near-field communication (NFC) is a wireless technology that enables two-way communication between electronic devices. Through this, people can perform contactless transactions with a single touch. 
    • The technology is primarily used in public transport, such as buses, trains, taxi services, air ticketing, and others. In this regard, the minimization of cash handling and traffic control plays an essential role in fostering the demand for NFC in public transportation. 
    • Over the upcoming years, NFC technology is anticipated to offer a secure fare collection system and eventually incorporate various capabilities such as ease of use and minimized cash handling, given the rise in technological advancements. 
  • Other Technologies
Market by Application:
  • Transport & Logistics
  • Parking
  • Media & Entertainment
  • Other Applications

GEOGRAPHICAL STUDY

Geographical Study Based on Four Major Regions:
  • North America: The United States and Canada
  • Europe: United Kingdom, Germany, France, Italy, Spain, Belgium, Poland & Rest of Europe
  • Asia-Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia, New Zealand & Rest of Asia Pacific 
    • The Asia-Pacific is expected to grow with the highest CAGR of 13.50% during the forecast period. 
    • As a lucrative market for automated fare collection systems, several development initiatives are underway in the Asia-Pacific in order to strengthen the region’s transportation framework and revitalize the transportation system.
    • Furthermore, India represents a potential opportunity in the Asia-Pacific, owing to the region’s continuing urban metro projects and expanding car rental industry, likely to increase the demand for automated fare collection systems over the upcoming years.
  • Rest of World: Latin America, the Middle East & Africa

MAJOR PLAYERS

Major players in the global automated fare collection system market:

  • LG CNS
  • Omron Corporation
  • Samsung SDS
  • Cubic Transportation
  • Thales Group
  • NXP Semiconductors

Key strategies adopted by some of these companies:

  • In August 2022, Dormakaba Holding announced the completion of Alldoorco, specializing in the maintenance, repair, and new installation of industrial door systems, to further increase its product portfolio.
  • Atos and Nokia announced a partnership in February 2022 to develop businesses with market-leading 4G/5G private wireless networking solutions and associated digital services. The partnership will leverage Nokia Digital Automation Cloud (DAC) and Atos’ computer vision platform.
  • Atos SE, in January 2022, completed the acquisition of Cloudreach, a major multi-cloud services company engaged in public cloud application development and cloud migration, to reinforce its global cloud expertise.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments AnalyzedComponent, Technology, Application
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies AnalyzedLG CNS, Atos SE, Cubic Transportation Systems Inc, Dormakaba Group, Lecip Holdings Corporation, Scheidt & Bachmann GmbH, NXP Semiconductors NV, Omron Corporation, Samsung SDS, Thales Group

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. CONTACTLESS OPEN PAYMENT
      2. EFFICIENT TRANSACTION PROCESS
      3. CUSTOMIZED TRAVEL FARE OPTIONS
      4. LOW MANPOWER COST
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. SURGING NUMBER OF SMARTPHONES AND INTERNET SERVICES
      2. LESSER PROBABILITY OF FRAUD AND COUNTERFEITING
      3. ADVANCEMENTS IN TRANSPORTATION INFRASTRUCTURE
      4. ADVANTAGES OF CONTACTLESS PAYMENT SYSTEM
    2. KEY RESTRAINTS
      1. PROJECT FUNDING CHALLENGES AND HIGH INITIAL INVESTMENTS
  4. KEY ANALYTICS
    1. KEY TECHNOLOGY TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
      1. RESEARCH AND DEVELOPMENT (R&D)
      2. RAW MATERIAL & SOFTWARE SOLUTION SUPPLIERS
      3. ASSEMBLY UNIT
      4. DISTRIBUTION
  5. MARKET BY COMPONENT
    1. HARDWARE
    2. SOFTWARE
    3. SERVICES
  6. MARKET BY TECHNOLOGY
    1. SMARTCARDS
    2. OPTICAL CHARACTER RECOGNITION (OCR)
    3. NEAR-FIELD COMMUNICATION (NFC)
    4. OTHER TECHNOLOGIES
  7. MARKET BY APPLICATION
    1. TRANSPORT & LOGISTICS
    2. PARKING
    3. MEDIA & ENTERTAINMENT
    4. OTHER APPLICATIONS
  8. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET GROWTH DRIVERS
      3. NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET CHALLENGES
      4. NORTH AMERICA – KEY GOVERNMENT INITIATIVES
      5. NORTH AMERICA – KEY PLAYERS
      6. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET GROWTH DRIVERS
      3. EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET CHALLENGES
      4. EUROPE – KEY GOVERNMENT INITIATIVES
      5. EUROPE – KEY PLAYERS
      6. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        6. POLAND
          1. POLAND AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        7. REST OF EUROPE
          1. REST OF EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
    3. ASIA-PACIFIC
      1. MARKET ESTIMATES & SIZES
      2. ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET GROWTH DRIVERS
      3. ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET CHALLENGES
      4. ASIA-PACIFIC – KEY GOVERNMENT INITIATIVES
      5. ASIA-PACIFIC – KEY PLAYERS
      6. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        5. INDONESIA
          1. INDONESIA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        6. THAILAND
          1. THAILAND AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        7. VIETNAM
          1. VIETNAM AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        8. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        9. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
    4. REST OF WORLD
      1. MARKET ESTIMATES & SIZES
      2. REST OF WORLD AUTOMATED FARE COLLECTION SYSTEM MARKET GROWTH DRIVERS
      3. REST OF WORLD AUTOMATED FARE COLLECTION SYSTEM MARKET CHALLENGES
      4. REST OF WORLD – KEY GOVERNMENT INITIATIVES
      5. REST OF WORLD – KEY PLAYERS
      6. REGIONAL ANALYSIS
        1. LATIN AMERICA
          1. LATIN AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        2. MIDDLE EAST & AFRICA
          1. MIDDLE EAST & AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
    2. COMPANY PROFILES
      1. ATOS SE
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      2. CUBIC TRANSPORTATION SYSTEMS INC
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      3. DORMAKABA GROUP
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      4. LECIP HOLDINGS CORPORATION
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      5. LG CNS
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      6. NXP SEMICONDUCTORS NV
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      7. OMRON CORPORATION
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      8. SAMSUNG SDS
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      9. SCHEIDT & BACHMANN GMBH
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      10. THALES GROUP
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – AUTOMATED FARE COLLECTION SYSTEM

TABLE 2: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 3: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 5: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 7: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 9: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY GEOGRAPHY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 11: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12: NORTH AMERICA – KEY GOVERNMENT INITIATIVES

TABLE 13: LEADING PLAYERS OPERATING IN NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET

TABLE 14: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 15: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 16: EUROPE – KEY GOVERNMENT INITIATIVES

TABLE 17: LEADING PLAYERS OPERATING IN EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET

TABLE 18: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 19: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 20: ASIA-PACIFIC – KEY GOVERNMENT INITIATIVES

TABLE 21: LEADING PLAYERS OPERATING IN ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET

TABLE 22: REST OF WORLD AUTOMATED FARE COLLECTION SYSTEM MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 23: REST OF WORLD AUTOMATED FARE COLLECTION SYSTEM MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 24: REST OF WORLD – KEY GOVERNMENT INITIATIVES

TABLE 25: LEADING PLAYERS OPERATING IN REST OF WORLD AUTOMATED FARE COLLECTION SYSTEM MARKET

TABLE 26: LIST OF ACQUISITIONS

TABLE 27: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 28: 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: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2022

FIGURE 7: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY HARDWARE, 2023-2032 (IN $ MILLION)

FIGURE 8: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SOFTWARE, 2023-2032 (IN $ MILLION)

FIGURE 9: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SERVICES, 2023-2032 (IN $ MILLION)

FIGURE 10: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2022

FIGURE 11: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SMARTCARDS, 2023-2032 (IN $ MILLION)

FIGURE 12: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OPTICAL CHARACTER RECOGNITION (OCR), 2023-2032 (IN $ MILLION)

FIGURE 13: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY NEAR-FIELD COMMUNICATION (NFC), 2023-2032 (IN $ MILLION)

FIGURE 14: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER TECHNOLOGIES, 2023-2032 (IN $ MILLION)

FIGURE 15: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 16: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TRANSPORT & LOGISTICS, 2023-2032 (IN $ MILLION)

FIGURE 17: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY PARKING, 2023-2032 (IN $ MILLION)

FIGURE 18: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY MEDIA & ENTERTAINMENT, 2023-2032 (IN $ MILLION)

FIGURE 19: GLOBAL AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)

FIGURE 20: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 21: UNITED STATES AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 22: CANADA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 23: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 24: UNITED KINGDOM AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 25: GERMANY AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 26: FRANCE AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 27: ITALY AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 28: SPAIN AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 29: POLAND AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 30: REST OF EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 31: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 32: CHINA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 33: JAPAN AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 34: INDIA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 35: SOUTH KOREA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 36: INDONESIA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 37: THAILAND AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 38: VIETNAM AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 39: AUSTRALIA & NEW ZEALAND AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 40: REST OF ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 41: REST OF WORLD AUTOMATED FARE COLLECTION SYSTEM MARKET, REGIONAL OUTLOOK, 2022 & 2032 (IN %)

FIGURE 42: LATIN AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 43: MIDDLE EAST & AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 44: ATOS SE– REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 45: ATOS SE – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 46: ATOS SE – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 47: CUBIC TRANSPORTATION – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 48: CUBIC TRANSPORTATION – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 49: CUBIC TRANSPORTATION – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 50: DORMAKABA GROUP – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 51: DORMAKABA GROUP – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 52: DORMAKABA GROUP – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 53: LECIP HOLDINGS CORPORATION – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 54: LECIP HOLDINGS CORPORATION – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 55: LECIP HOLDINGS CORPORATION – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 56: LG CNS – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 57: LG CNS – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 58: LG CNS – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 59: NXP SEMICONDUCTORS NV – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 60: NXP SEMICONDUCTORS NV – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 61: NXP SEMICONDUCTORS NV – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 62: OMRON CORPORATION – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 63: OMRON CORPORATION – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 64: OMRON CORPORATION – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 65: SAMSUNG SDS – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 66: SAMSUNG SDS – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 67: SAMSUNG SDS – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 68: SCHEIDT & BACHMANN GMBH – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 69: SCHEIDT & BACHMANN GMBH – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 70: SCHEIDT & BACHMANN GMBH – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 71: THALES GROUP – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 72: THALES GROUP – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 73: THALES GROUP – REVENUE BY SEGMENT IN 2021 (IN %)

FAQ’s

FAQs

The global automated fare collection system market size was valued at $7249.94 million in 2022.

Ease of contactless payments, efficient transaction process, customized travel fare options, and low manpower cost are the major findings of the global automated fare collection system market.

Self-service alternatives, check-in/be-out systems, and automation for data collection and processing are the key technological trends projected to drive the global automated fare collection system market growth over the forecast period.