Automated Fare Collection System Market Share and Size, 2016 To 2024| Hexa Research

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Automated Fare Collection (AFC) System Market Share, Size,
Analysis, Growth, Trends and Forecasts, 2016 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 a 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 communications.
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 fo r
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
Table of Contents
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 Porter’s 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
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Chapter 4 AFC System Component Insights
4.1 AFC system market share by component, 2015 & 2024
4.2 Hardware
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
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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
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
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7.4 Fare Logistics
7.5 GMV
7.6 LG Corporation
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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The automated fare collection (AFC) system market is anticipated to grow significantly from 2016 to 2024 owing to its increased usage in public transport.

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