The global Automated Fare Collection (AFC) market size was valued at US$ 7327.9 million in 2023. With growing demand in downstream market, the Automated Fare Collection (AFC) is forecast to a readjusted size of US$ 12370 million by 2030 with a CAGR of 7.8% during review period.
The research report highlights the growth potential of the global Automated Fare Collection (AFC) market. Automated Fare Collection (AFC) are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Automated Fare Collection (AFC). Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Automated Fare Collection (AFC) market.
Automatic Fare Collection System (AFC) is a contactless smartcard-based end-to-end solution for fare collection and payment. The state-of-the-art solution is uniquely designed with the demand of revenue services for modern transit operation in mind. Furthermore, with the advent of smartcard technology and proliferation of its business applications, AFC also enables transit operators to expand revenue opportunities, exploit the benefits of payment integration with other transit operators as well as non-transit service providers.
The European market segment leads the overall AFC industry in the world segmented by regional areas and is closely followed by the North American market owing to a developed transportation infrastructure. In coming years, the Asia-Pacific market is expected to grow the fastest with the increasing demand from developing countries like China and India.
Key Features:
The report on Automated Fare Collection (AFC) market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Automated Fare Collection (AFC) market. It may include historical data, market segmentation by Type (e.g., Hardware, Software), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Automated Fare Collection (AFC) market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Automated Fare Collection (AFC) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Automated Fare Collection (AFC) industry. This include advancements in Automated Fare Collection (AFC) technology, Automated Fare Collection (AFC) new entrants, Automated Fare Collection (AFC) new investment, and other innovations that are shaping the future of Automated Fare Collection (AFC).
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Automated Fare Collection (AFC) market. It includes factors influencing customer ' purchasing decisions, preferences for Automated Fare Collection (AFC) product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Automated Fare Collection (AFC) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Automated Fare Collection (AFC) market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Automated Fare Collection (AFC) market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Automated Fare Collection (AFC) industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Automated Fare Collection (AFC) market.
Market Segmentation:
Automated Fare Collection (AFC) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Hardware
Software
Segmentation by application
Government Buildings
Large Commercial Workplaces
Public Transport Ports
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cubic Systems
Omron Corporation
Thales Group
Advance Cards Systems
Atos SE
Fare Logistics
LG Corporation
NXP Semiconductor
Samsung SDS
Key Questions Addressed in this Report
What is the 10-year outlook for the global Automated Fare Collection (AFC) market?
What factors are driving Automated Fare Collection (AFC) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automated Fare Collection (AFC) market opportunities vary by end market size?
How does Automated Fare Collection (AFC) break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Automated Fare Collection (AFC) Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Automated Fare Collection (AFC) by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Automated Fare Collection (AFC) by Country/Region, 2019, 2023 & 2030
2.2 Automated Fare Collection (AFC) Segment by Type
2.2.1 Hardware
2.2.2 Software
2.3 Automated Fare Collection (AFC) Sales by Type
2.3.1 Global Automated Fare Collection (AFC) Sales Market Share by Type (2019-2024)
2.3.2 Global Automated Fare Collection (AFC) Revenue and Market Share by Type (2019-2024)
2.3.3 Global Automated Fare Collection (AFC) Sale Price by Type (2019-2024)
2.4 Automated Fare Collection (AFC) Segment by Application
2.4.1 Government Buildings
2.4.2 Large Commercial Workplaces
2.4.3 Public Transport Ports
2.5 Automated Fare Collection (AFC) Sales by Application
2.5.1 Global Automated Fare Collection (AFC) Sale Market Share by Application (2019-2024)
2.5.2 Global Automated Fare Collection (AFC) Revenue and Market Share by Application (2019-2024)
2.5.3 Global Automated Fare Collection (AFC) Sale Price by Application (2019-2024)
3 Global Automated Fare Collection (AFC) by Company
3.1 Global Automated Fare Collection (AFC) Breakdown Data by Company
3.1.1 Global Automated Fare Collection (AFC) Annual Sales by Company (2019-2024)
3.1.2 Global Automated Fare Collection (AFC) Sales Market Share by Company (2019-2024)
3.2 Global Automated Fare Collection (AFC) Annual Revenue by Company (2019-2024)
3.2.1 Global Automated Fare Collection (AFC) Revenue by Company (2019-2024)
3.2.2 Global Automated Fare Collection (AFC) Revenue Market Share by Company (2019-2024)
3.3 Global Automated Fare Collection (AFC) Sale Price by Company
3.4 Key Manufacturers Automated Fare Collection (AFC) Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Automated Fare Collection (AFC) Product Location Distribution
3.4.2 Players Automated Fare Collection (AFC) Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Automated Fare Collection (AFC) by Geographic Region
4.1 World Historic Automated Fare Collection (AFC) Market Size by Geographic Region (2019-2024)
4.1.1 Global Automated Fare Collection (AFC) Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Automated Fare Collection (AFC) Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Automated Fare Collection (AFC) Market Size by Country/Region (2019-2024)
4.2.1 Global Automated Fare Collection (AFC) Annual Sales by Country/Region (2019-2024)
4.2.2 Global Automated Fare Collection (AFC) Annual Revenue by Country/Region (2019-2024)
4.3 Americas Automated Fare Collection (AFC) Sales Growth
4.4 APAC Automated Fare Collection (AFC) Sales Growth
4.5 Europe Automated Fare Collection (AFC) Sales Growth
4.6 Middle East & Africa Automated Fare Collection (AFC) Sales Growth
5 Americas
5.1 Americas Automated Fare Collection (AFC) Sales by Country
5.1.1 Americas Automated Fare Collection (AFC) Sales by Country (2019-2024)
5.1.2 Americas Automated Fare Collection (AFC) Revenue by Country (2019-2024)
5.2 Americas Automated Fare Collection (AFC) Sales by Type
5.3 Americas Automated Fare Collection (AFC) Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Automated Fare Collection (AFC) Sales by Region
6.1.1 APAC Automated Fare Collection (AFC) Sales by Region (2019-2024)
6.1.2 APAC Automated Fare Collection (AFC) Revenue by Region (2019-2024)
6.2 APAC Automated Fare Collection (AFC) Sales by Type
6.3 APAC Automated Fare Collection (AFC) Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Automated Fare Collection (AFC) by Country
7.1.1 Europe Automated Fare Collection (AFC) Sales by Country (2019-2024)
7.1.2 Europe Automated Fare Collection (AFC) Revenue by Country (2019-2024)
7.2 Europe Automated Fare Collection (AFC) Sales by Type
7.3 Europe Automated Fare Collection (AFC) Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Automated Fare Collection (AFC) by Country
8.1.1 Middle East & Africa Automated Fare Collection (AFC) Sales by Country (2019-2024)
8.1.2 Middle East & Africa Automated Fare Collection (AFC) Revenue by Country (2019-2024)
8.2 Middle East & Africa Automated Fare Collection (AFC) Sales by Type
8.3 Middle East & Africa Automated Fare Collection (AFC) Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Automated Fare Collection (AFC)
10.3 Manufacturing Process Analysis of Automated Fare Collection (AFC)
10.4 Industry Chain Structure of Automated Fare Collection (AFC)
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Automated Fare Collection (AFC) Distributors
11.3 Automated Fare Collection (AFC) Customer
12 World Forecast Review for Automated Fare Collection (AFC) by Geographic Region
12.1 Global Automated Fare Collection (AFC) Market Size Forecast by Region
12.1.1 Global Automated Fare Collection (AFC) Forecast by Region (2025-2030)
12.1.2 Global Automated Fare Collection (AFC) Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Automated Fare Collection (AFC) Forecast by Type
12.7 Global Automated Fare Collection (AFC) Forecast by Application
13 Key Players Analysis
13.1 Cubic Systems
13.1.1 Cubic Systems Company Information
13.1.2 Cubic Systems Automated Fare Collection (AFC) Product Portfolios and Specifications
13.1.3 Cubic Systems Automated Fare Collection (AFC) Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Cubic Systems Main Business Overview
13.1.5 Cubic Systems Latest Developments
13.2 Omron Corporation
13.2.1 Omron Corporation Company Information
13.2.2 Omron Corporation Automated Fare Collection (AFC) Product Portfolios and Specifications
13.2.3 Omron Corporation Automated Fare Collection (AFC) Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Omron Corporation Main Business Overview
13.2.5 Omron Corporation Latest Developments
13.3 Thales Group
13.3.1 Thales Group Company Information
13.3.2 Thales Group Automated Fare Collection (AFC) Product Portfolios and Specifications
13.3.3 Thales Group Automated Fare Collection (AFC) Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Thales Group Main Business Overview
13.3.5 Thales Group Latest Developments
13.4 Advance Cards Systems
13.4.1 Advance Cards Systems Company Information
13.4.2 Advance Cards Systems Automated Fare Collection (AFC) Product Portfolios and Specifications
13.4.3 Advance Cards Systems Automated Fare Collection (AFC) Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Advance Cards Systems Main Business Overview
13.4.5 Advance Cards Systems Latest Developments
13.5 Atos SE
13.5.1 Atos SE Company Information
13.5.2 Atos SE Automated Fare Collection (AFC) Product Portfolios and Specifications
13.5.3 Atos SE Automated Fare Collection (AFC) Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Atos SE Main Business Overview
13.5.5 Atos SE Latest Developments
13.6 Fare Logistics
13.6.1 Fare Logistics Company Information
13.6.2 Fare Logistics Automated Fare Collection (AFC) Product Portfolios and Specifications
13.6.3 Fare Logistics Automated Fare Collection (AFC) Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Fare Logistics Main Business Overview
13.6.5 Fare Logistics Latest Developments
13.7 LG Corporation
13.7.1 LG Corporation Company Information
13.7.2 LG Corporation Automated Fare Collection (AFC) Product Portfolios and Specifications
13.7.3 LG Corporation Automated Fare Collection (AFC) Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 LG Corporation Main Business Overview
13.7.5 LG Corporation Latest Developments
13.8 NXP Semiconductor
13.8.1 NXP Semiconductor Company Information
13.8.2 NXP Semiconductor Automated Fare Collection (AFC) Product Portfolios and Specifications
13.8.3 NXP Semiconductor Automated Fare Collection (AFC) Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 NXP Semiconductor Main Business Overview
13.8.5 NXP Semiconductor Latest Developments
13.9 Samsung SDS
13.9.1 Samsung SDS Company Information
13.9.2 Samsung SDS Automated Fare Collection (AFC) Product Portfolios and Specifications
13.9.3 Samsung SDS Automated Fare Collection (AFC) Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Samsung SDS Main Business Overview
13.9.5 Samsung SDS Latest Developments
14 Research Findings and Conclusion
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*If Applicable.