Global Automatic Fare Collection System Market Report 2024

Automatic Fare Collection System Global Market Report 2024 – By Component (Hardware, Software), By Technology (Smart Card, Magnetic Stripe, Near-Field Communication (NFC), Optical Character Recognition (OCR)), By Application (Railways And Transportation, Parking, Entertainment, Other Applications) – Market Size, Trends, And Global Forecast 2024-2033

Automatic Fare Collection System Global Market Report 2024

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Automatic Fare Collection System Market Definition And Segments

The automatic fare collection (AFC) system refers to a comprehensive set of components used in public transportation networks to collect fares from passengers in a convenient and efficient manner. These systems typically use electronic payment methods such as smart cards, mobile payments, or contactless payment systems to automate fare collection processes, eliminating the need for cash transactions.

The main types of components in an automatic fare collection system are hardware and software. Hardware refers to the physical components of a computer system or electronic device, including processors, memory, storage devices, and other tangible parts. It includes various technologies such as smart cards, magnetic stripes, near-field communication (NFC), and optical character recognition (OCR), and is used in various applications in railways and transportation, parking, entertainment, and others.

The automatic fare collection system market covered in this report is segmented –

1) By Component: Hardware, Software

2) By Technology: Smart Card, Magnetic Stripe, Near-Field Communication (NFC), Optical Character Recognition (OCR)

3) By Application: Railways And Transportation, Parking, Entertainment, Other Applications

The automatic fare collection system market size has grown rapidly in recent years. It will grow from $9.47 billion in 2023 to $10.75 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to efficiency and speed of boarding, reducing revenue leakage and fare evasion, enhancing passenger convenience, integration with multi-modal transportation, and data collection for operational insights.

The automatic fare collection system market size is expected to see rapid growth in the next few years. It will grow to $16.18 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to smart cities initiatives and IoT connectivity, integration with mobility as a service (MaaS), government initiatives and regulations, increased focus on passenger experience, and cybersecurity and fraud prevention. Major trends in the forecast period include contactless and mobile payment adoption, intermodal integration and seamless mobility, data analytics for optimization, integration with emerging technologies, biometric authentication and facial recognition.

The Impact of Increasing Smartphone Penetration On the Automatic Fare Collection System Market

Increasing smartphone penetration is expected to propel the growth of the automatic fare collection system market going forward. A smartphone is a mobile device that combines the functions of a traditional cell phone with those of a computer. Smartphones are used in automatic fare collection (AFC) systems to facilitate cashless and contactless transactions and enhance the efficiency, convenience, and user experience of public transportation. For instance, in March 2023, according to a report published by Cybercrew, a UK-based developer and provider of cybersecurity solutions, the percentage of UK households using smartphones reached 91.43% in 2021, and this percentage is projected to increase to 93.8% in 2026. Therefore, the increasing smartphone penetration is driving the growth of the automatic fare collection system market.

Major companies operating in the automatic fare collection system market are Sony Corporation, Siemens AG, Thales Group, NXP Semiconductors, Atos SE, Seiko Epson Corporation, Singapore Technologies Engineering Ltd, OMRON Corporation, Gaoxin Modern, KML Technology Group Ltd, Indra Sistemas, S.A, Chinasoft International Ltd, Cubic Corporation, SATO Holdings Corporation, NIPPON SIGNAL CO LTD, Dormakaba Holding AG, TSC Auto ID Technology Co., Ltd, Star Micronics Co., Ltd, Vix Technology, Scheidt & Bachmann GmbH, LECIP HOLDINGS CORPORATION, Trapeze Group, Leadway Tech, GRGBanking, Masabi Ltd, Advanced Card Systems Ltd

Advancements in Automatic Fare Collection Systems Transforming Public Transportation

Major companies operating in the automatic fare collection system market are focusing on advancements, such as automatic fare collection systems, to enhance operational efficiency, improve passenger experience, and generate additional revenue streams. Automatic Fare Collection (AFC) systems are technological solutions implemented in public transportation systems to automate the process of fare payment by passengers. For instance, in October 2023, the Metropolitan Atlanta Rapid Transit Authority (MARTA), a Georgia-based metro system, announced the launch of its new automated fare collection system. The new system allows passengers to pay using debit and credit cards, as well as mobile wallets, directly at the fare gate, eliminating the need to use traditional vending machines. It offers several features aimed at improving the passenger experience and optimizing operational efficiency, including multiple payment options and contactless payment integration.

Aurionpro Transit And Vix Technology Join Forces To Pioneer Next-Gen Public Transit Solutions

In December 2023, Aurionpro Solutions Limited, an India-based software company, partnered with Vix Technology for an undisclosed amount. The partnership between Aurionpro Transit and Vix Technology is to revolutionize public transit by integrating Aurionpro Transit's automatic fare collection products with Vix Technology's intelligent solutions. Vix Technology is an Australia-based automation company that designs, supplies, and operates automated fare collection systems.

Asia-Pacific was the largest region in the automatic fare collection (AFC) system market in 2023. The regions covered in the automatic fare collection system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the automatic fare collection system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The automatic fare collection (AFC) system market consists of revenues earned by entities by providing services such as contactless payments, automated entry and exit gates, real-time reporting and analytics, account management, custom fare programs, mobile ticketing, and customer support. The market value includes the value of related goods sold by the service provider or included within the service offering. The automatic fare collection (AFC) system market also includes sales of smart cards, ticket vending machines, central computer systems, and maintenance tools. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The automatic fare collection system market research report is one of a series of new reports from The Business Research Company that provides automatic fare collection system market statistics, including automatic fare collection system industry global market size, regional shares, competitors with an automatic fare collection system market share, detailed automatic fare collection system market segments, market trends and opportunities, and any further data you may need to thrive in the automatic fare collection system industry. This automatic fare collection system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automatic Fare Collection System Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $10.75 billion
Revenue Forecast In 2033 $16.18 billion
Growth Rate CAGR of 10.8% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Component: Hardware, Software
2) By Technology: Smart Card, Magnetic Stripe, Near-Field Communication (NFC), Optical Character Recognition (OCR)
3) By Application: Railways And Transportation, Parking, Entertainment, Other Applications
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Sony Corporation; Siemens AG; Thales Group; NXP Semiconductors; Atos SE; Seiko Epson Corporation; Singapore Technologies Engineering Ltd; OMRON Corporation; Gaoxin Modern; KML Technology Group Ltd; Indra Sistemas, S.A; Chinasoft International Ltd; Cubic Corporation; SATO Holdings Corporation; NIPPON SIGNAL CO LTD; Dormakaba Holding AG; TSC Auto ID Technology Co., Ltd; Star Micronics Co., Ltd; Vix Technology; Scheidt & Bachmann GmbH; LECIP HOLDINGS CORPORATION; Trapeze Group; Leadway Tech; GRGBanking; Masabi Ltd; Advanced Card Systems Ltd
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Automatic Fare Collection System Market Characteristics

    3. Automatic Fare Collection System Market Trends And Strategies

    4. Automatic Fare Collection System Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Automatic Fare Collection System Market Size and Growth

    5.1. Global Automatic Fare Collection System Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Automatic Fare Collection System Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Automatic Fare Collection System Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Automatic Fare Collection System Market Segmentation

    6.1. Global Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Hardware

    Software

    6.2. Global Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Smart Card

    Magnetic Stripe

    Near-Field Communication (NFC)

    Optical Character Recognition (OCR)

    6.3. Global Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Railways And Transportation

    Parking

    Entertainment

    Other Applications

    7. Automatic Fare Collection System Market Regional And Country Analysis

    7.1. Global Automatic Fare Collection System Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Automatic Fare Collection System Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Automatic Fare Collection System Market

    8.1. Asia-Pacific Automatic Fare Collection System Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Automatic Fare Collection System Market

    9.1. China Automatic Fare Collection System Market Overview

    9.2. China Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Automatic Fare Collection System Market

    10.1. India Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Automatic Fare Collection System Market

    11.1. Japan Automatic Fare Collection System Market Overview

    11.2. Japan Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Automatic Fare Collection System Market

    12.1. Australia Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Automatic Fare Collection System Market

    13.1. Indonesia Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Automatic Fare Collection System Market

    14.1. South Korea Automatic Fare Collection System Market Overview

    14.2. South Korea Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Automatic Fare Collection System Market

    15.1. Western Europe Automatic Fare Collection System Market Overview

    15.2. Western Europe Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Automatic Fare Collection System Market

    16.1. UK Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Automatic Fare Collection System Market

    17.1. Germany Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Automatic Fare Collection System Market

    18.1. France Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Automatic Fare Collection System Market

    19.1. Italy Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Automatic Fare Collection System Market

    20.1. Spain Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Automatic Fare Collection System Market

    21.1. Eastern Europe Automatic Fare Collection System Market Overview

    21.2. Eastern Europe Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Automatic Fare Collection System Market

    22.1. Russia Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Automatic Fare Collection System Market

    23.1. North America Automatic Fare Collection System Market Overview

    23.2. North America Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Automatic Fare Collection System Market

    24.1. USA Automatic Fare Collection System Market Overview

    24.2. USA Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Automatic Fare Collection System Market

    25.1. Canada Automatic Fare Collection System Market Overview

    25.2. Canada Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Automatic Fare Collection System Market

    26.1. South America Automatic Fare Collection System Market Overview

    26.2. South America Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Automatic Fare Collection System Market

    27.1. Brazil Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Automatic Fare Collection System Market

    28.1. Middle East Automatic Fare Collection System Market Overview

    28.2. Middle East Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Automatic Fare Collection System Market

    29.1. Africa Automatic Fare Collection System Market Overview

    29.2. Africa Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Automatic Fare Collection System Market Competitive Landscape And Company Profiles

    30.1. Automatic Fare Collection System Market Competitive Landscape

    30.2. Automatic Fare Collection System Market Company Profiles

    30.2.1. Sony Corporation

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Siemens AG

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Thales Group

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. NXP Semiconductors

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Atos SE

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Automatic Fare Collection System Market Other Major And Innovative Companies

    31.1. Seiko Epson Corporation

    31.2. Singapore Technologies Engineering Ltd

    31.3. OMRON Corporation

    31.4. Gaoxin Modern

    31.5. KML Technology Group Ltd

    31.6. Indra Sistemas, S.A

    31.7. Chinasoft International Ltd

    31.8. Cubic Corporation

    31.9. SATO Holdings Corporation

    31.10. NIPPON SIGNAL CO LTD

    31.11. Dormakaba Holding AG

    31.12. TSC Auto ID Technology Co., Ltd

    31.13. Star Micronics Co., Ltd

    31.14. Vix Technology

    31.15. Scheidt & Bachmann GmbH

    32. Global Automatic Fare Collection System Market Competitive Benchmarking

    33. Global Automatic Fare Collection System Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Automatic Fare Collection System Market

    35. Automatic Fare Collection System Market Future Outlook and Potential Analysis

    35.1 Automatic Fare Collection System Market In 2028 - Countries Offering Most New Opportunities

    35.2 Automatic Fare Collection System Market In 2028 - Segments Offering Most New Opportunities

    35.3 Automatic Fare Collection System Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Automatic Fare Collection System Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Automatic Fare Collection System Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Sony Corporation Financial Performance
  • Table 75: Siemens AG Financial Performance
  • Table 76: Thales Group Financial Performance
  • Table 77: NXP Semiconductors Financial Performance
  • Table 78: Atos SE Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Automatic Fare Collection System Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Automatic Fare Collection System Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Automatic Fare Collection System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Automatic Fare Collection System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Automatic Fare Collection System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Sony Corporation Financial Performance
  • Figure 75: Siemens AG Financial Performance
  • Figure 76: Thales Group Financial Performance
  • Figure 77: NXP Semiconductors Financial Performance
  • Figure 78: Atos SE Financial Performance
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Frequently Asked Questions

What is the definition of the automatic fare collection system market?

The automatic fare collection (AFC) system refers to a comprehensive set of components used in public transportation networks to collect fares from passengers in a convenient and efficient manner. These systems typically use electronic payment methods such as smart cards, mobile payments, or contactless payment systems to automate fare collection processes, eliminating the need for cash transactions. For further insights on the automatic fare collection system market, request a sample here

How will the automatic fare collection system market drivers and restraints affect the automatic fare collection system market dynamics? What forces will shape the automatic fare collection system industry going forward?

The automatic fare collection system market major growth driver - The Impact of Increasing Smartphone Penetration On the Automatic Fare Collection System Market. For further insights on the automatic fare collection system market, request a sample here

What is the forecast market size or the forecast market value of the automatic fare collection system market?

The automatic fare collection system market size has grown rapidly in recent years. It will grow from $9.47 billion in 2023 to $10.75 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to efficiency and speed of boarding, reducing revenue leakage and fare evasion, enhancing passenger convenience, integration with multi-modal transportation, and data collection for operational insights. The automatic fare collection system market size is expected to see rapid growth in the next few years. It will grow to $16.18 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to smart cities initiatives and IoT connectivity, integration with mobility as a service (maas), government initiatives and regulations, increased focus on passenger experience, and cybersecurity and fraud prevention. Major trends in the forecast period include contactless and mobile payment adoption, intermodal integration and seamless mobility, data analytics for optimization, integration with emerging technologies, biometric authentication and facial recognition. For further insights on the automatic fare collection system market, request a sample here

How is the automatic fare collection system market segmented?

The automatic fare collection system market is segmented
1) By Component: Hardware, Software
2) By Technology: Smart Card, Magnetic Stripe, Near-Field Communication (NFC), Optical Character Recognition (OCR)
3) By Application: Railways And Transportation, Parking, Entertainment, Other ApplicationsFor further insights on the automatic fare collection system market, request a sample here

Which region has the largest share of the automatic fare collection system market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the automatic fare collection (AFC) system market in 2023. The regions covered in the automatic fare collection system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the automatic fare collection system market, request a sample here.

Who are the major players in the automatic fare collection system market?

Major companies operating in the automatic fare collection system market report are Sony Corporation, Siemens AG, Thales Group, NXP Semiconductors, Atos SE, Seiko Epson Corporation, Singapore Technologies Engineering Ltd, OMRON Corporation, Gaoxin Modern , KML Technology Group Ltd , Indra Sistemas, S.A, Chinasoft International Ltd, Cubic Corporation, SATO Holdings Corporation, NIPPON SIGNAL CO LTD, Dormakaba Holding AG, TSC Auto ID Technology Co., Ltd, Star Micronics Co., Ltd, Vix Technology, Scheidt & Bachmann GmbH, LECIP HOLDINGS CORPORATION , Trapeze Group, Leadway Tech, GRGBanking, Masabi Ltd , Advanced Card Systems Ltd For further insights on the automatic fare collection system market, request a sample here.

What are the key trends in the automatic fare collection system market?

Major trend in the automatic fare collection system market - Advancements in Automatic Fare Collection Systems Transforming Public Transportation. For further insights on the automatic fare collection system market, request a sample here.

What are the major opportunities in the automatic fare collection system market? What are the strategies for the automatic fare collection system market?

For detailed insights on the major opportunities and strategies in the automatic fare collection system market, request a sample here.

How does the automatic fare collection system market relate to the overall economy and other similar markets?

For detailed insights on automatic fare collection system market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the automatic fare collection system industry?

For detailed insights on the mergers and acquisitions in the automatic fare collection system industry, request a sample here.

What are the key dynamics influencing the automatic fare collection system market growth? SWOT analysis of the automatic fare collection system market.

For detailed insights on the key dynamics influencing the automatic fare collection system market growth and SWOT analysis of the automatic fare collection system industry, request a sample here.