Global Automated Fare Collection AFC Market Research Report 2023(Status and Outlook)

Global Automated Fare Collection AFC Market Research Report 2023(Status and Outlook)



Report Overview

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.

The Global Automated Fare Collection AFC Market Size was estimated at USD 7490.8 million in 2022 and is projected to reach USD 12427.61 million by 2029, exhibiting a CAGR of 7.50% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Automated Fare Collection AFC market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Automated Fare Collection AFC Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Automated Fare Collection AFC market in any manner.

Global Automated Fare Collection AFC Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Cubic Systems

Omron Corporation

Thales Group

Advance Cards Systems

Atos SE

Fare Logistics

LG Corporation

NXP Semiconductor

Samsung SDS

Market Segmentation (by Type)

Hardware

Software

Market Segmentation (by Application)

Paints & Coatings

Agro Chemicals

Rubber & Resin

Printing Inks

Industrial Cleaning

Other

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Automated Fare Collection AFC Market

Overview of the regional outlook of the Automated Fare Collection AFC Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Automated Fare Collection AFC
1.2 Key Market Segments
1.2.1 Automated Fare Collection AFC Segment by Type
1.2.2 Automated Fare Collection AFC Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
1.4 Key Data of Global Auto Market
1.4.1 Global Automobile Production by Country
1.4.2 Global Automobile Production by Type
2 Automated Fare Collection AFC Market Overview
2.1 Global Market Overview
2.1.1 Global Automated Fare Collection AFC Market Size (M USD) Estimates and Forecasts (2018-2029)
2.1.2 Global Automated Fare Collection AFC Sales Estimates and Forecasts (2018-2029)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Automated Fare Collection AFC Market Competitive Landscape
3.1 Global Automated Fare Collection AFC Sales by Manufacturers (2018-2023)
3.2 Global Automated Fare Collection AFC Revenue Market Share by Manufacturers (2018-2023)
3.3 Automated Fare Collection AFC Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Automated Fare Collection AFC Average Price by Manufacturers (2018-2023)
3.5 Manufacturers Automated Fare Collection AFC Sales Sites, Area Served, Product Type
3.6 Automated Fare Collection AFC Market Competitive Situation and Trends
3.6.1 Automated Fare Collection AFC Market Concentration Rate
3.6.2 Global 5 and 10 Largest Automated Fare Collection AFC Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Automated Fare Collection AFC Industry Chain Analysis
4.1 Automated Fare Collection AFC Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Automated Fare Collection AFC Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Automated Fare Collection AFC Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Automated Fare Collection AFC Sales Market Share by Type (2018-2023)
6.3 Global Automated Fare Collection AFC Market Size Market Share by Type (2018-2023)
6.4 Global Automated Fare Collection AFC Price by Type (2018-2023)
7 Automated Fare Collection AFC Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Automated Fare Collection AFC Market Sales by Application (2018-2023)
7.3 Global Automated Fare Collection AFC Market Size (M USD) by Application (2018-2023)
7.4 Global Automated Fare Collection AFC Sales Growth Rate by Application (2018-2023)
8 Automated Fare Collection AFC Market Segmentation by Region
8.1 Global Automated Fare Collection AFC Sales by Region
8.1.1 Global Automated Fare Collection AFC Sales by Region
8.1.2 Global Automated Fare Collection AFC Sales Market Share by Region
8.2 North America
8.2.1 North America Automated Fare Collection AFC Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Automated Fare Collection AFC Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Automated Fare Collection AFC Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Automated Fare Collection AFC Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Automated Fare Collection AFC Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Cubic Systems
9.1.1 Cubic Systems Automated Fare Collection AFC Basic Information
9.1.2 Cubic Systems Automated Fare Collection AFC Product Overview
9.1.3 Cubic Systems Automated Fare Collection AFC Product Market Performance
9.1.4 Cubic Systems Business Overview
9.1.5 Cubic Systems Automated Fare Collection AFC SWOT Analysis
9.1.6 Cubic Systems Recent Developments
9.2 Omron Corporation
9.2.1 Omron Corporation Automated Fare Collection AFC Basic Information
9.2.2 Omron Corporation Automated Fare Collection AFC Product Overview
9.2.3 Omron Corporation Automated Fare Collection AFC Product Market Performance
9.2.4 Omron Corporation Business Overview
9.2.5 Omron Corporation Automated Fare Collection AFC SWOT Analysis
9.2.6 Omron Corporation Recent Developments
9.3 Thales Group
9.3.1 Thales Group Automated Fare Collection AFC Basic Information
9.3.2 Thales Group Automated Fare Collection AFC Product Overview
9.3.3 Thales Group Automated Fare Collection AFC Product Market Performance
9.3.4 Thales Group Business Overview
9.3.5 Thales Group Automated Fare Collection AFC SWOT Analysis
9.3.6 Thales Group Recent Developments
9.4 Advance Cards Systems
9.4.1 Advance Cards Systems Automated Fare Collection AFC Basic Information
9.4.2 Advance Cards Systems Automated Fare Collection AFC Product Overview
9.4.3 Advance Cards Systems Automated Fare Collection AFC Product Market Performance
9.4.4 Advance Cards Systems Business Overview
9.4.5 Advance Cards Systems Automated Fare Collection AFC SWOT Analysis
9.4.6 Advance Cards Systems Recent Developments
9.5 Atos SE
9.5.1 Atos SE Automated Fare Collection AFC Basic Information
9.5.2 Atos SE Automated Fare Collection AFC Product Overview
9.5.3 Atos SE Automated Fare Collection AFC Product Market Performance
9.5.4 Atos SE Business Overview
9.5.5 Atos SE Automated Fare Collection AFC SWOT Analysis
9.5.6 Atos SE Recent Developments
9.6 Fare Logistics
9.6.1 Fare Logistics Automated Fare Collection AFC Basic Information
9.6.2 Fare Logistics Automated Fare Collection AFC Product Overview
9.6.3 Fare Logistics Automated Fare Collection AFC Product Market Performance
9.6.4 Fare Logistics Business Overview
9.6.5 Fare Logistics Recent Developments
9.7 LG Corporation
9.7.1 LG Corporation Automated Fare Collection AFC Basic Information
9.7.2 LG Corporation Automated Fare Collection AFC Product Overview
9.7.3 LG Corporation Automated Fare Collection AFC Product Market Performance
9.7.4 LG Corporation Business Overview
9.7.5 LG Corporation Recent Developments
9.8 NXP Semiconductor
9.8.1 NXP Semiconductor Automated Fare Collection AFC Basic Information
9.8.2 NXP Semiconductor Automated Fare Collection AFC Product Overview
9.8.3 NXP Semiconductor Automated Fare Collection AFC Product Market Performance
9.8.4 NXP Semiconductor Business Overview
9.8.5 NXP Semiconductor Recent Developments
9.9 Samsung SDS
9.9.1 Samsung SDS Automated Fare Collection AFC Basic Information
9.9.2 Samsung SDS Automated Fare Collection AFC Product Overview
9.9.3 Samsung SDS Automated Fare Collection AFC Product Market Performance
9.9.4 Samsung SDS Business Overview
9.9.5 Samsung SDS Recent Developments
10 Automated Fare Collection AFC Market Forecast by Region
10.1 Global Automated Fare Collection AFC Market Size Forecast
10.2 Global Automated Fare Collection AFC Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Automated Fare Collection AFC Market Size Forecast by Country
10.2.3 Asia Pacific Automated Fare Collection AFC Market Size Forecast by Region
10.2.4 South America Automated Fare Collection AFC Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Automated Fare Collection AFC by Country
11 Forecast Market by Type and by Application (2024-2029)
11.1 Global Automated Fare Collection AFC Market Forecast by Type (2024-2029)
11.1.1 Global Forecasted Sales of Automated Fare Collection AFC by Type (2024-2029)
11.1.2 Global Automated Fare Collection AFC Market Size Forecast by Type (2024-2029)
11.1.3 Global Forecasted Price of Automated Fare Collection AFC by Type (2024-2029)
11.2 Global Automated Fare Collection AFC Market Forecast by Application (2024-2029)
11.2.1 Global Automated Fare Collection AFC Sales (K Units) Forecast by Application
11.2.2 Global Automated Fare Collection AFC Market Size (M USD) Forecast by Application (2024-2029)
12 Conclusion and Key Findings

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