The global automated fare collection system market is projected to grow at a significant CAGR during the forecast period. The contactless end-to-end solution for the collection of fare and alternate solutions for the traditional ticketing system is the automated fare collection system. The systems include ticket vending machines and ticket checking machines, automatic gate machines, and recharging terminals. It aids in providing efficiency to the fare collection and enhances overall transaction rates.
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However, some of the factors that may negatively affect the growth of the market include higher installation and maintenance costs. These systems require higher costs than the overall toll collection systems due to which there may be some delay or may decrease the adoption of these systems. Besides, the various facilities and efficiency provided by these, such as smaller queues and waiting time are the factors that are likely to provide growth opportunities for the market growth in the near future.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Automated Fare COLLECTION System Market by Technology
- Magnetic Strip
- Smart Cards
- Optical Character Recognition (OCR)
- Near Field Communication (NFC)
Global Automated Fare COLLECTION System Market by Application
- Railway & Transport
- Parking
- Entertainment
- Others (Toll Collection on Highways)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Advanced Card Systems Ltd.
- Advantech Co. Ltd.
- Atos SE
- Cubic Corp.
- Eurotech Group
- GMV Group
- LECIP Holdings Corp.
- Mikroelektronika spol. s r.o.
- NEC Corp.
- Nippon Signal Co. Ltd.
- NXP Semiconductors NV
- Scheidt & Bachmann GmbH
- Smartrac Technology GmbH
- SWARCO AG
- Telexis B.V.,
- Thales Group
- Trapeze Group
- Xerox Corp.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automated fare collection system market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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