Automated Fare Collection Market Analysis and Outlook Report, 2016 to 2024

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Automated Fare Collection (AFC) System Market
Share, Size, Analysis, Growth, Trends and
Forecast to 2024 Hexa Research
The automated fare collection (AFC) system
market is anticipated to grow significantly from
2016 to 2024 owing to its increased usage in
public transport
The Automated Fare Collection Market is
anticipated to be valued beyond USD 8.5 billion
by 2024. Automated fare collection systems are
the combined modules, which facilitate the
automated ticketing system for public
transportation network. They offer a constant and
incorporated platform for all the
actions concerned with the fare gathering with
equipment such as ticket checking machine, ticket
vending machine, and automatic gate machine.
These systems are chiefly used in some several
high transit areas counting huge commercial
workplaces, government buildings, and public
transport ports. The increasing demand for
proficient, automated, and tranquil
transportation is spurring the requirement for
automated fare collection systems.
The escalating focus on improving the transport
infrastructure, safety measures, and simplicity
for the purchaser is likely to stimulate the
industry growth in the near future. However
smooth revenue collection and initial high cost
of setting up can influence the automated fare
collection systems, thereby, propelling the
overall market demand during the forecast period
(2016-2024).
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The global market can be segmented by
technologies, components, systems, system
components, and regions. Technologies are
magnetic strip, smart Card, NFC, and OCR.
Components consist of hardware software. Systems
include fare gates, ticket vending machine,
ticket office machine, and IC cards.
Market systems components are ticket vending
machine by component, ticket office machine by
component, fare gates by component, and IC cards
by components.
Key regional segments in the market comprise
North America, Europe, Asia-Pacific, the Middle
East Africa (MEA), and Latin America. Europe
dominates the total AFC market and is strongly
followed by the North American market due to a
developed transportation communication.
The overall automated fare collection market is
extremely competitive in nature. The key
manufacturers are NXP Semiconductor, Omron
Corporation Thales Group, LG Corporation, Advance
Cards Systems, Fare Logistics, and Samsung SDS.
Strategic mergers acquisitions and partnerships
and are projected to be the most successful
strategies for market players to acquire a
competitive benefit in the promising markets.
Also, this will potentially augment their
technological capability. There has been a novel
trend of partnerships among the transit
service suppliers and product makers for the
integration and interoperability of systems.
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Table of Content of Automated Fare Collection
(AFC) System Market
Chapter 1 Methodology and Scope 1.1 Research
Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast 1.1.3
Industry insights and validation 1.2 List of Data
Sources
Chapter 2 Executive Summary
2.1 AFC system industry 3600 perspective, 2012 -
2024
Chapter 3 AFC System Industry Insights 3.1
Industry segmentation
3.2 Industry size, forecast and growth
expectations, 2012 - 2024 3.3 Industry ecosystem
analysis 3.3.1 Vendor landscape
3.4 AFC system market dynamics 3.4.1 Growth
drivers
3.4.1.1 Favorable government initiatives 3.4.1.2
Expanding transport infrastructure 3.4.1.3
Growing smartphones demand 3.4.2 Industry
pitfalls challenges 3.4.2.1 Need for funding
3.5 Key growth opportunities
3.6 Porters analysis
3.7 Competitive landscape, 2015 3.8 PESTEL
analysis
3.9 Technology landscape
3.9.1 AFC architecture overview 3.9.2 Network
technology insights 3.9.3 Ticketing technology
insights
Chapter 4 AFC System Component Insights 4.1 AFC
system market share by component, 2015 2024 4.2
Hardware
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4.2.1 Global market estimates by region, 2012 -
2024 4.3 Software
4.3.1 Global market estimates by region, 2012 -
2024
Chapter 5 AFC System Technology Insights 5.1 AFC
system market share by technology, 2015
2024 5.2 NFC
5.2.1 Global market estimates by region, 2012 -
2024 5.3 Magentic strip
5.3.1 Global market estimates by region, 2012 -
2024 5.4 OCR
5.4.1 Global market estimates by region, 2012 -
2024 5.5 Smart cards
5.5.1 Global market estimates by region, 2012 -
2024 Chapter 6 AFC System Regional Insights 6.1
AFC system market volume share by region, 2016
2024 6.2 North America
6.2.1 Market estimates and forecast by component,
2012 - 2024 6.2.2 Market estimates and forecast
by technology, 2012 - 2024 6.2.3 U.S.
6.2.3.1 Market estimates and forecast by
component, 2012 - 2024 6.2.3.2 Market estimates
and forecast by technology, 2012 - 2024 6.2.4
Canada
6.2.4.1 Market estimates and forecast by
component, 2012 - 2024 6.2.4.2 Market estimates
and forecast by technology, 2012 - 2024 6.3 Europe
6.3.1 Market estimates and forecast by component,
2012 - 2024 6.3.2 Market estimates and forecast
by technology, 2012 - 2024 6.3.3 UK
6.3.3.1 Market estimates and forecast by
component, 2012 - 2024 6.3.3.2 Market estimates
and forecast by technology, 2012 - 2024 6.3.4
Germany
6.3.4.1 Market estimates and forecast by
component, 2012 - 2024 6.3.4.2 Market estimates
and forecast by technology, 2012 - 2024 6.4 Asia
Pacific
6.4.1 Market estimates and forecast by component,
2012 - 2024
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6.4.2 Market estimates and forecast by
technology, 2012 - 2024 6.4.3 China
6.4.3.1 Market estimates and forecast by
component, 2012 - 2024 6.4.3.2 Market estimates
and forecast by technology, 2012 - 2024 6.4.4
India
6.4.4.1 Market estimates and forecast by
component, 2012 - 2024 6.4.4.2 Market estimates
and forecast by technology, 2012 - 2024 6.4.5
Japan.
6.4.5.1 Market estimates and forecast by
component, 2012 - 2024 6.4.5.2 Market estimates
and forecast by technology, 2012 - 2024 6.5 Latin
America
6.5.1 Market estimates and forecast by component,
2012 - 2024 6.5.2 Market estimates and forecast
by technology, 2012 - 2024 6.5.3 Brazil
6.5.3.1 Market estimates and forecast by
component, 2012 - 2024 6.5.3.2 Market estimates
and forecast by technology, 2012 - 2024 6.5.4
Mexico
6.5.4.1 Market estimates and forecast by
component, 2012 - 2024 6.5.4.2 Market estimates
and forecast by technology, 2012 - 2024 6.6
Middle East and Africa (MEA)
6.6.1 Market estimates and forecast by component,
2012 - 2024 6.6.2 Market estimates and forecast
by technology, 2012 - 2024 6.6.3 KSA
6.6.3.1 Market estimates and forecast by
component, 2012 - 2024 6.6.3.2 Market estimates
and forecast by technology, 2012 - 2024 6.6.4 UAE
6.6.4.1 Market estimates and forecast by
component, 2012 - 2024 6.6.4.2 Market estimates
and forecast by technology, 2012 - 2024
Chapter 7 Competitor Profiles 7.1 Advanced Card
Systems 7.2 Atos
7.3 Cubic Transportation Systems 7.4 Fare
Logistics
7.5 GMV
7.6 LG Corporation
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7.7 NXP Semiconductors 7.8 Omron Corp
7.9 Samsung
7.10 Scheidt Bachmann 7.11 Siemens
7.12 Sony Corporation
7.13 Singapore Technologies Electronics
Limited 7.14 Thales Group
7.15 Trapeze Group
7.16 Vix Technology
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