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Automated Fare Collection System Market By Technology Platform, By Component, By End User, By Region, Industry Analysis and Forecast, 2020 - 2026

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    Report

  • 237 Pages
  • July 2020
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5137551
Description Jump to:
The Global Automated Fare Collection System Market size is expected to reach $17.9 billion by 2026, rising at a market growth of 16.3% CAGR during the forecast period. Increasing use of new solutions to increase transaction speed and minimize problems related to cash processing and ticket distribution is expected to be one of the leading drivers driving the industry. Policy emphasis on improving the efficiency of current mass transportation networks, such as subways, Buses, trams and metros, is also anticipated to promote the usage of technology.

The automated fare collection system is an end-to-end contactless solution for collecting fare payments and replacing the conventional ticketing method with electronic ticketing. This includes automated gate machines, vending machines for tickets, recharging terminals and check machines for tickets. This system makes it easier to collect fares quickly, increases the overall transaction rate and saves a huge amount of time, reducing waiting time in queues and looking for cash to buy tickets. In addition, it is an easy way to collect revenue. This provides travelers with one pass to use for all transit modes.

Numerous plans have been proposed in recent years to reform the fare system used in public transport. The adoption of automated tariff collection systems is expected to replace passports and paper-based tickets with electronic fare payments. The implementation of national electronic card systems is expected to offer fare discounts to students and pensioners using public transport. There is also a substantial rise in demand for automated fare collection ticketing systems due to rising demand for contactless mobile payment solutions and smartphones, decreased rates of fraud, flexible fare plans, decreased traffic congestion and improved transport infrastructure.

Based on Technology Platform, the market is segmented into Smart Card, Optical Character Recognition, Near Field Communication and Others. Based on Component, the market is segmented into Hardware and Software. Based on End User, the market is segmented into Railway, Toll, Parking, Bus and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Omron Corporation, Atos Group, Dormakaba Holding AG, LG Corporation, NXP Semiconductors N.V., Samsung Electronics Co., Ltd. (Samsung Group), Thales Group S.A., Cubic Corporation, LECIP Holdings Corporation, and Scheidt & Bachmann GmbH.

Strategies deployed in Automated Fare Collection System Market

Feb-2020: Thales Group collaborated with Doha Metro following which it delivers a full suite of solutions on all five sections of the three lines of the newly launched and fully operational Doha Metro. A first-of-its-kind in Qatar, these new lines are being equipped with Thales' advanced signaling and train control technology, comprehensive integrated communications and supervision package, as well as a state-of-the-art ticketing solution.

Jan-2020: Cubic acquired Delerrok, a provider of a cloud-hosted, multi-agency fare collection platform for small- to mid-sized transit operators, and PIXIA, a provider of high performance, cloud-based solutions to manage and access massive amounts of imagery data. After the acquisition, Cubic integrated Delerrok's TouchPass platform with its Transit-Management-as-a-Service (TMaaS) platform to deliver a comprehensive set of payment, mobile and real-time information solutions at an affordable price whereas PIXIA enhanced Cubic's Command and Control, Intelligence, Surveillance, and Reconnaissance (C2ISR) digital platform and further enabled real-time, cloud strategy to provide information to the edge of the battlefield.

Jan-2019: LECIP ARCONTIA AB launched the LV-700 series, an onboard validator for electronic fare collection schemes in public transport. The LV-700 series is an addition to LECIP ARCONTIA's portfolio of contactless smart card readers and terminals for transport ticketing. The series has been designed for fast and smooth cashless payment with a high-speed processor and large capacity memory for demanding ticket data processing.

Sep-2018: Cubic signed an agreement with the Los Angeles County Metropolitan Transportation Authority. The agreement was aimed to upgrade the latter company's automatic fare collection system.

Jun-2018: Samsung collaborated with Apple and Dubai's Road and Transport Authority (RTA). RTA has upgraded the payment terminals of Dubai Metro stations that have been accepting Apple Pay and Samsung Pay to recharge the Nol smartcards. The smartcards are used to pay fares on RTA's bus, metro, and waterbus, and pay parking fees.

Dec-2017: Samsung Electronics H.K. Co. Ltd. teamed up with Octopus Cards Limited (OCL). Together, the companies launched the first “Smart Octopus” in Samsung Pay, a joint effort to offer the most comprehensive mobile wallet service supporting Octopus functionality.

Nov-2017: Cubic came into an agreement with The Massachusetts Bay Transportation Authority's (MBTA) Fiscal and Management Control Board. Under this agreement, Cubic was focused on designing, integrating, and implementing an automated fare collection system.

Sep-2017: Thales signed an agreement with the New Taipei City Department of Rapid Transit Systems for the future Ankeng Light Rail Transit (LRT) project in Taiwan. The Ankeng LRT project is part of the transportation expansion plan in the Greater Taipei region that aimed to reduce traveling time between regions and to alleviate the busy traffic volume within the metropolitan area.

Scope of the Study

Market Segmentation:

By Technology Platform
  • Smart Card
  • Optical Character Recognition
  • Near Field Communication
  • Others

By Component
  • Hardware
  • Software

By End User
  • Railway
  • Toll
  • Parking
  • Bus
  • Others

By Geography

North America
  • US
  • Canada
  • Mexico
  • Rest of North America

Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled
  • Omron Corporation
  • Atos Group
  • Dormakaba Holding AG
  • LG Corporation
  • NXP Semiconductors N.V.
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Thales Group S.A.
  • Cubic Corporation
  • LECIP Holdings Corporation
  • Scheidt & Bachmann GmbH

Unique Offerings from the Publisher
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Automated Fare Collection System Market, by Technology Platform
1.4.2 Global Automated Fare Collection System Market, by Component
1.4.3 Global Automated Fare Collection System Market, by End User
1.4.4 Global Automated Fare Collection System Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Automated Fare Collection System Market by Technology Platform
3.1 Global Smart Card Automated Fare Collection System Market by Region
3.2 Global Optical Character Recognition Automated Fare Collection System Market by Region
3.3 Global Near Field Communication Automated Fare Collection System Market by Region
3.4 Global Other Technology Platform Automated Fare Collection System Market by Region
Chapter 4. Global Automated Fare Collection System Market by Component
4.1 Global Hardware Automated Fare Collection System Market by Region
4.2 Global Software Automated Fare Collection System Market by Region
Chapter 5. Global Automated Fare Collection System Market by End Use
5.1 Global Railway Automated Fare Collection System Market by Region
5.2 Global Toll Automated Fare Collection System Market by Region
5.3 Global Parking Automated Fare Collection System Market by Region
5.4 Global Bus Automated Fare Collection System Market by Region
5.5 Global Others Automated Fare Collection System Market by Region
Chapter 6. Global Automated Fare Collection System Market by Region
6.1 North America Automated Fare Collection System Market
6.1.1 North America Automated Fare Collection System Market by Technology Platform
6.1.1.1 North America Smart Card Automated Fare Collection System Market by Country
6.1.1.2 North America Optical Character Recognition Automated Fare Collection System Market by Country
6.1.1.3 North America Near Field Communication Automated Fare Collection System Market by Country
6.1.1.4 North America Other Technology Platform Automated Fare Collection System Market by Country
6.1.2 North America Automated Fare Collection System Market by Component
6.1.2.1 North America Hardware Automated Fare Collection System Market by Country
6.1.2.2 North America Software Automated Fare Collection System Market by Country
6.1.3 North America Automated Fare Collection System Market by End Use
6.1.3.1 North America Railway Automated Fare Collection System Market by Country
6.1.3.2 North America Toll Automated Fare Collection System Market by Country
6.1.3.3 North America Parking Automated Fare Collection System Market by Country
6.1.3.4 North America Bus Automated Fare Collection System Market by Country
6.1.3.5 North America Others Automated Fare Collection System Market by Country
6.1.4 North America Automated Fare Collection System Market by Country
6.1.4.1 US Automated Fare Collection System Market
6.1.4.1.1 US Automated Fare Collection System Market by Technology Platform
6.1.4.1.2 US Automated Fare Collection System Market by Component
6.1.4.1.3 US Automated Fare Collection System Market by End Use
6.1.4.2 Canada Automated Fare Collection System Market
6.1.4.2.1 Canada Automated Fare Collection System Market by Technology Platform
6.1.4.2.2 Canada Automated Fare Collection System Market by Component
6.1.4.2.3 Canada Automated Fare Collection System Market by End Use
6.1.4.3 Mexico Automated Fare Collection System Market
6.1.4.3.1 Mexico Automated Fare Collection System Market by Technology Platform
6.1.4.3.2 Mexico Automated Fare Collection System Market by Component
6.1.4.3.3 Mexico Automated Fare Collection System Market by End Use
6.1.4.4 Rest of North America Automated Fare Collection System Market
6.1.4.4.1 Rest of North America Automated Fare Collection System Market by Technology Platform
6.1.4.4.2 Rest of North America Automated Fare Collection System Market by Component
6.1.4.4.3 Rest of North America Automated Fare Collection System Market by End Use
6.2 Europe Automated Fare Collection System Market
6.2.1 Europe Automated Fare Collection System Market by Technology Platform
6.2.1.1 Europe Smart Card Automated Fare Collection System Market by Country
6.2.1.2 Europe Optical Character Recognition Automated Fare Collection System Market by Country
6.2.1.3 Europe Near Field Communication Automated Fare Collection System Market by Country
6.2.1.4 Europe Other Technology Platform Automated Fare Collection System Market by Country
6.2.2 Europe Automated Fare Collection System Market by Component
6.2.2.1 Europe Hardware Automated Fare Collection System Market by Country
6.2.2.2 Europe Software Automated Fare Collection System Market by Country
6.2.3 Europe Automated Fare Collection System Market by End Use
6.2.3.1 Europe Railway Automated Fare Collection System Market by Country
6.2.3.2 Europe Toll Automated Fare Collection System Market by Country
6.2.3.3 Europe Parking Automated Fare Collection System Market by Country
6.2.3.4 Europe Bus Automated Fare Collection System Market by Country
6.2.3.5 Europe Others Automated Fare Collection System Market by Country
6.2.4 Europe Automated Fare Collection System Market by Country
6.2.4.1 Germany Automated Fare Collection System Market
6.2.4.1.1 Germany Automated Fare Collection System Market by Technology Platform
6.2.4.1.2 Germany Automated Fare Collection System Market by Component
6.2.4.1.3 Germany Automated Fare Collection System Market by End Use
6.2.4.2 UK Automated Fare Collection System Market
6.2.4.2.1 UK Automated Fare Collection System Market by Technology Platform
6.2.4.2.2 UK Automated Fare Collection System Market by Component
6.2.4.2.3 UK Automated Fare Collection System Market by End Use
6.2.4.3 France Automated Fare Collection System Market
6.2.4.3.1 France Automated Fare Collection System Market by Technology Platform
6.2.4.3.2 France Automated Fare Collection System Market by Component
6.2.4.3.3 France Automated Fare Collection System Market by End Use
6.2.4.4 Russia Automated Fare Collection System Market
6.2.4.4.1 Russia Automated Fare Collection System Market by Technology Platform
6.2.4.4.2 Russia Automated Fare Collection System Market by Component
6.2.4.4.3 Russia Automated Fare Collection System Market by End Use
6.2.4.5 Spain Automated Fare Collection System Market
6.2.4.5.1 Spain Automated Fare Collection System Market by Technology Platform
6.2.4.5.2 Spain Automated Fare Collection System Market by Component
6.2.4.5.3 Spain Automated Fare Collection System Market by End Use
6.2.4.6 Italy Automated Fare Collection System Market
6.2.4.6.1 Italy Automated Fare Collection System Market by Technology Platform
6.2.4.6.2 Italy Automated Fare Collection System Market by Component
6.2.4.6.3 Italy Automated Fare Collection System Market by End Use
6.2.4.7 Rest of Europe Automated Fare Collection System Market
6.2.4.7.1 Rest of Europe Automated Fare Collection System Market by Technology Platform
6.2.4.7.2 Rest of Europe Automated Fare Collection System Market by Component
6.2.4.7.3 Rest of Europe Automated Fare Collection System Market by End Use
6.3 Asia Pacific Automated Fare Collection System Market
6.3.1 Asia Pacific Automated Fare Collection System Market by Technology Platform
6.3.1.1 Asia Pacific Smart Card Automated Fare Collection System Market by Country
6.3.1.2 Asia Pacific Optical Character Recognition Automated Fare Collection System Market by Country
6.3.1.3 Asia Pacific Near Field Communication Automated Fare Collection System Market by Country
6.3.1.4 Asia Pacific Other Technology Platform Automated Fare Collection System Market by Country
6.3.2 Asia Pacific Automated Fare Collection System Market by Component
6.3.2.1 Asia Pacific Hardware Automated Fare Collection System Market by Country
6.3.2.2 Asia Pacific Software Automated Fare Collection System Market by Country
6.3.3 Asia Pacific Automated Fare Collection System Market by End Use
6.3.3.1 Asia Pacific Railway Automated Fare Collection System Market by Country
6.3.3.2 Asia Pacific Toll Automated Fare Collection System Market by Country
6.3.3.3 Asia Pacific Parking Automated Fare Collection System Market by Country
6.3.3.4 Asia Pacific Bus Automated Fare Collection System Market by Country
6.3.3.5 Asia Pacific Others Automated Fare Collection System Market by Country
6.3.4 Asia Pacific Automated Fare Collection System Market by Country
6.3.4.1 China Automated Fare Collection System Market
6.3.4.1.1 China Automated Fare Collection System Market by Technology Platform
6.3.4.1.2 China Automated Fare Collection System Market by Component
6.3.4.1.3 China Automated Fare Collection System Market by End Use
6.3.4.2 Japan Automated Fare Collection System Market
6.3.4.2.1 Japan Automated Fare Collection System Market by Technology Platform
6.3.4.2.2 Japan Automated Fare Collection System Market by Component
6.3.4.2.3 Japan Automated Fare Collection System Market by End Use
6.3.4.3 India Automated Fare Collection System Market
6.3.4.3.1 India Automated Fare Collection System Market by Technology Platform
6.3.4.3.2 India Automated Fare Collection System Market by Component
6.3.4.3.3 India Automated Fare Collection System Market by End Use
6.3.4.4 South Korea Automated Fare Collection System Market
6.3.4.4.1 South Korea Automated Fare Collection System Market by Technology Platform
6.3.4.4.2 South Korea Automated Fare Collection System Market by Component
6.3.4.4.3 South Korea Automated Fare Collection System Market by End Use
6.3.4.5 Singapore Automated Fare Collection System Market
6.3.4.5.1 Singapore Automated Fare Collection System Market by Technology Platform
6.3.4.5.2 Singapore Automated Fare Collection System Market by Component
6.3.4.5.3 Singapore Automated Fare Collection System Market by End Use
6.3.4.6 Malaysia Automated Fare Collection System Market
6.3.4.6.1 Malaysia Automated Fare Collection System Market by Technology Platform
6.3.4.6.2 Malaysia Automated Fare Collection System Market by Component
6.3.4.6.3 Malaysia Automated Fare Collection System Market by End Use
6.3.4.7 Rest of Asia Pacific Automated Fare Collection System Market
6.3.4.7.1 Rest of Asia Pacific Automated Fare Collection System Market by Technology Platform
6.3.4.7.2 Rest of Asia Pacific Automated Fare Collection System Market by Component
6.3.4.7.3 Rest of Asia Pacific Automated Fare Collection System Market by End Use
6.4 LAMEA Automated Fare Collection System Market
6.4.1 LAMEA Automated Fare Collection System Market by Technology Platform
6.4.1.1 LAMEA Smart Card Automated Fare Collection System Market by Country
6.4.1.2 LAMEA Optical Character Recognition Automated Fare Collection System Market by Country
6.4.1.3 LAMEA Near Field Communication Automated Fare Collection System Market by Country
6.4.1.4 LAMEA Other Technology Platform Automated Fare Collection System Market by Country
6.4.2 LAMEA Automated Fare Collection System Market by Component
6.4.2.1 LAMEA Hardware Automated Fare Collection System Market by Country
6.4.2.2 LAMEA Software Automated Fare Collection System Market by Country
6.4.3 LAMEA Automated Fare Collection System Market by End Use
6.4.3.1 LAMEA Railway Automated Fare Collection System Market by Country
6.4.3.2 LAMEA Toll Automated Fare Collection System Market by Country
6.4.3.3 LAMEA Parking Automated Fare Collection System Market by Country
6.4.3.4 LAMEA Bus Automated Fare Collection System Market by Country
6.4.3.5 LAMEA Others Automated Fare Collection System Market by Country
6.4.4 LAMEA Automated Fare Collection System Market by Country
6.4.4.1 Brazil Automated Fare Collection System Market
6.4.4.1.1 Brazil Automated Fare Collection System Market by Technology Platform
6.4.4.1.2 Brazil Automated Fare Collection System Market by Component
6.4.4.1.3 Brazil Automated Fare Collection System Market by End Use
6.4.4.2 Argentina Automated Fare Collection System Market
6.4.4.2.1 Argentina Automated Fare Collection System Market by Technology Platform
6.4.4.2.2 Argentina Automated Fare Collection System Market by Component
6.4.4.2.3 Argentina Automated Fare Collection System Market by End Use
6.4.4.3 UAE Automated Fare Collection System Market
6.4.4.3.1 UAE Automated Fare Collection System Market by Technology Platform
6.4.4.3.2 UAE Automated Fare Collection System Market by Component
6.4.4.3.3 UAE Automated Fare Collection System Market by End Use
6.4.4.4 Saudi Arabia Automated Fare Collection System Market
6.4.4.4.1 Saudi Arabia Automated Fare Collection System Market by Technology Platform
6.4.4.4.2 Saudi Arabia Automated Fare Collection System Market by Component
6.4.4.4.3 Saudi Arabia Automated Fare Collection System Market by End Use
6.4.4.5 South Africa Automated Fare Collection System Market
6.4.4.5.1 South Africa Automated Fare Collection System Market by Technology Platform
6.4.4.5.2 South Africa Automated Fare Collection System Market by Component
6.4.4.5.3 South Africa Automated Fare Collection System Market by End Use
6.4.4.6 Nigeria Automated Fare Collection System Market
6.4.4.6.1 Nigeria Automated Fare Collection System Market by Technology Platform
6.4.4.6.2 Nigeria Automated Fare Collection System Market by Component
6.4.4.6.3 Nigeria Automated Fare Collection System Market by End Use
6.4.4.7 Rest of LAMEA Automated Fare Collection System Market
6.4.4.7.1 Rest of LAMEA Automated Fare Collection System Market by Technology Platform
6.4.4.7.2 Rest of LAMEA Automated Fare Collection System Market by Component
6.4.4.7.3 Rest of LAMEA Automated Fare Collection System Market by End Use
Chapter 7. Company Profiles
7.1 Omron Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 Atos Group
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 SWOT Analysis
7.3 Dormakaba Holding AG
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 LG Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 SWOT Analysis
7.5 NXP Semiconductors N.V.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expense
7.5.5 SWOT Analysis
7.6 Samsung Electronics Co., Ltd. (Samsung Group)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.6 SWOT Analysis
7.7 Thales Group S.A.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research and Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.6 SWOT Analysis
7.8 Cubic Corporation
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research and Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.8.5.2 Acquisition and Mergers:
7.9 LECIP Holdings Corporation
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental Analysis
7.9.4 Recent strategies and developments:
7.9.4.1 Product Launches and Product Expansions:
7.10 Scheidt & Bachmann GmbH
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Partnerships, Collaborations, and Agreements:

Companies Mentioned

  • Omron Corporation
  • Atos Group
  • Dormakaba Holding AG
  • LG Corporation
  • NXP Semiconductors N.V.
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Thales Group S.A.
  • Cubic Corporation
  • LECIP Holdings Corporation
  • Scheidt & Bachmann GmbH

Methodology

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