Global Smart Cards Automated Fare Collection Systems Market Research Report 2023(Status and Outlook)

Global Smart Cards Automated Fare Collection Systems 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.

AFC System consists of Central Computer System, Station Computer System and Station Equipment.

Central Computer System

Central Computer System is the AFC management center which is responsible for generating reports, receiving ticketing data from station computer, sending control command, downloading system parameter and ticket price list to station computer.

Station Computer System

The primary role of the Station Computer is to provide the usage data collection, downloading of fare related parameters to the AFC equipment; control, monitoring and management of the AFC equipment. Its secondary role is to provide the station reports (if required) and support the sales office and customer service. It is able to function independently should there be a failure in the communication link with the central computer.

Station Equipment

These are all the front-end equipment/devices, which are used to serve the commuter. These consist of Ticket Vending Machines, Fare Gates, Booking Office Machines, Mobile and Hand-Held Terminals and Ticket Recharging Machines etc. Typically the requirement for each implementation may vary in terms of the quantity of the equipment/devices.

Smart Cards

Smart Cards generally support faster and more flexible fare collection systems. Contactless or Proximity Smart Cards permit faster processing times than magnetic stripe cards or contact smart cards. They also facilitate processing of differentiated fare structures such as time-based and distance-based fare structures and fare integration across several modes and operators. A hybrid or ""dual-interface"" smart card can expand the application of smart cards beyond transit.

This report focus on the Station Equipment (terminal equipment) of Smart Cards Automated Fare Collection System.

The Global Smart Cards Automated Fare Collection Systems Market Size was estimated at USD 1351.5 million in 2022 and is projected to reach USD 2439.04 million by 2029, exhibiting a CAGR of 8.80% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Smart Cards Automated Fare Collection Systems 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 Smart Cards Automated Fare Collection Systems 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 Smart Cards Automated Fare Collection Systems market in any manner.

Global Smart Cards Automated Fare Collection Systems 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 Corporation

The Nippon Signal

Omron Corporation

Scheidt & Bachmann

Thales Group

INIT

Huaming

Xerox

GFI Genfare

LECIP

Shanghai Potevio Company Limited

Gunnebo

GMV

Huahong Jitong

GRG Banking

Market Segmentation (by Type)

Farebox

Ticket Vending Machines (TVM)

Validator

Market Segmentation (by Application)

Paints & Coatings

Agro Chemicals

Rubber & Resin

Printing Inks

Industrial Cleaning

Others

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 Smart Cards Automated Fare Collection Systems Market

Overview of the regional outlook of the Smart Cards Automated Fare Collection Systems 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 Smart Cards Automated Fare Collection Systems
1.2 Key Market Segments
1.2.1 Smart Cards Automated Fare Collection Systems Segment by Type
1.2.2 Smart Cards Automated Fare Collection Systems 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
2 Smart Cards Automated Fare Collection Systems Market Overview
2.1 Global Market Overview
2.1.1 Global Smart Cards Automated Fare Collection Systems Market Size (M USD) Estimates and Forecasts (2018-2029)
2.1.2 Global Smart Cards Automated Fare Collection Systems Sales Estimates and Forecasts (2018-2029)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Smart Cards Automated Fare Collection Systems Market Competitive Landscape
3.1 Global Smart Cards Automated Fare Collection Systems Sales by Manufacturers (2018-2023)
3.2 Global Smart Cards Automated Fare Collection Systems Revenue Market Share by Manufacturers (2018-2023)
3.3 Smart Cards Automated Fare Collection Systems Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Smart Cards Automated Fare Collection Systems Average Price by Manufacturers (2018-2023)
3.5 Manufacturers Smart Cards Automated Fare Collection Systems Sales Sites, Area Served, Product Type
3.6 Smart Cards Automated Fare Collection Systems Market Competitive Situation and Trends
3.6.1 Smart Cards Automated Fare Collection Systems Market Concentration Rate
3.6.2 Global 5 and 10 Largest Smart Cards Automated Fare Collection Systems Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Smart Cards Automated Fare Collection Systems Industry Chain Analysis
4.1 Smart Cards Automated Fare Collection Systems 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 Smart Cards Automated Fare Collection Systems 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 Smart Cards Automated Fare Collection Systems Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Smart Cards Automated Fare Collection Systems Sales Market Share by Type (2018-2023)
6.3 Global Smart Cards Automated Fare Collection Systems Market Size Market Share by Type (2018-2023)
6.4 Global Smart Cards Automated Fare Collection Systems Price by Type (2018-2023)
7 Smart Cards Automated Fare Collection Systems Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Smart Cards Automated Fare Collection Systems Market Sales by Application (2018-2023)
7.3 Global Smart Cards Automated Fare Collection Systems Market Size (M USD) by Application (2018-2023)
7.4 Global Smart Cards Automated Fare Collection Systems Sales Growth Rate by Application (2018-2023)
8 Smart Cards Automated Fare Collection Systems Market Segmentation by Region
8.1 Global Smart Cards Automated Fare Collection Systems Sales by Region
8.1.1 Global Smart Cards Automated Fare Collection Systems Sales by Region
8.1.2 Global Smart Cards Automated Fare Collection Systems Sales Market Share by Region
8.2 North America
8.2.1 North America Smart Cards Automated Fare Collection Systems Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Smart Cards Automated Fare Collection Systems 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 Smart Cards Automated Fare Collection Systems 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 Smart Cards Automated Fare Collection Systems 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 Smart Cards Automated Fare Collection Systems 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 Corporation
9.1.1 Cubic Corporation Smart Cards Automated Fare Collection Systems Basic Information
9.1.2 Cubic Corporation Smart Cards Automated Fare Collection Systems Product Overview
9.1.3 Cubic Corporation Smart Cards Automated Fare Collection Systems Product Market Performance
9.1.4 Cubic Corporation Business Overview
9.1.5 Cubic Corporation Smart Cards Automated Fare Collection Systems SWOT Analysis
9.1.6 Cubic Corporation Recent Developments
9.2 The Nippon Signal
9.2.1 The Nippon Signal Smart Cards Automated Fare Collection Systems Basic Information
9.2.2 The Nippon Signal Smart Cards Automated Fare Collection Systems Product Overview
9.2.3 The Nippon Signal Smart Cards Automated Fare Collection Systems Product Market Performance
9.2.4 The Nippon Signal Business Overview
9.2.5 The Nippon Signal Smart Cards Automated Fare Collection Systems SWOT Analysis
9.2.6 The Nippon Signal Recent Developments
9.3 Omron Corporation
9.3.1 Omron Corporation Smart Cards Automated Fare Collection Systems Basic Information
9.3.2 Omron Corporation Smart Cards Automated Fare Collection Systems Product Overview
9.3.3 Omron Corporation Smart Cards Automated Fare Collection Systems Product Market Performance
9.3.4 Omron Corporation Business Overview
9.3.5 Omron Corporation Smart Cards Automated Fare Collection Systems SWOT Analysis
9.3.6 Omron Corporation Recent Developments
9.4 Scheidt andamp; Bachmann
9.4.1 Scheidt andamp; Bachmann Smart Cards Automated Fare Collection Systems Basic Information
9.4.2 Scheidt andamp; Bachmann Smart Cards Automated Fare Collection Systems Product Overview
9.4.3 Scheidt andamp; Bachmann Smart Cards Automated Fare Collection Systems Product Market Performance
9.4.4 Scheidt andamp; Bachmann Business Overview
9.4.5 Scheidt andamp; Bachmann Smart Cards Automated Fare Collection Systems SWOT Analysis
9.4.6 Scheidt andamp; Bachmann Recent Developments
9.5 Thales Group
9.5.1 Thales Group Smart Cards Automated Fare Collection Systems Basic Information
9.5.2 Thales Group Smart Cards Automated Fare Collection Systems Product Overview
9.5.3 Thales Group Smart Cards Automated Fare Collection Systems Product Market Performance
9.5.4 Thales Group Business Overview
9.5.5 Thales Group Smart Cards Automated Fare Collection Systems SWOT Analysis
9.5.6 Thales Group Recent Developments
9.6 INIT
9.6.1 INIT Smart Cards Automated Fare Collection Systems Basic Information
9.6.2 INIT Smart Cards Automated Fare Collection Systems Product Overview
9.6.3 INIT Smart Cards Automated Fare Collection Systems Product Market Performance
9.6.4 INIT Business Overview
9.6.5 INIT Recent Developments
9.7 Huaming
9.7.1 Huaming Smart Cards Automated Fare Collection Systems Basic Information
9.7.2 Huaming Smart Cards Automated Fare Collection Systems Product Overview
9.7.3 Huaming Smart Cards Automated Fare Collection Systems Product Market Performance
9.7.4 Huaming Business Overview
9.7.5 Huaming Recent Developments
9.8 Xerox
9.8.1 Xerox Smart Cards Automated Fare Collection Systems Basic Information
9.8.2 Xerox Smart Cards Automated Fare Collection Systems Product Overview
9.8.3 Xerox Smart Cards Automated Fare Collection Systems Product Market Performance
9.8.4 Xerox Business Overview
9.8.5 Xerox Recent Developments
9.9 GFI Genfare
9.9.1 GFI Genfare Smart Cards Automated Fare Collection Systems Basic Information
9.9.2 GFI Genfare Smart Cards Automated Fare Collection Systems Product Overview
9.9.3 GFI Genfare Smart Cards Automated Fare Collection Systems Product Market Performance
9.9.4 GFI Genfare Business Overview
9.9.5 GFI Genfare Recent Developments
9.10 LECIP
9.10.1 LECIP Smart Cards Automated Fare Collection Systems Basic Information
9.10.2 LECIP Smart Cards Automated Fare Collection Systems Product Overview
9.10.3 LECIP Smart Cards Automated Fare Collection Systems Product Market Performance
9.10.4 LECIP Business Overview
9.10.5 LECIP Recent Developments
9.11 Shanghai Potevio Company Limited
9.11.1 Shanghai Potevio Company Limited Smart Cards Automated Fare Collection Systems Basic Information
9.11.2 Shanghai Potevio Company Limited Smart Cards Automated Fare Collection Systems Product Overview
9.11.3 Shanghai Potevio Company Limited Smart Cards Automated Fare Collection Systems Product Market Performance
9.11.4 Shanghai Potevio Company Limited Business Overview
9.11.5 Shanghai Potevio Company Limited Recent Developments
9.12 Gunnebo
9.12.1 Gunnebo Smart Cards Automated Fare Collection Systems Basic Information
9.12.2 Gunnebo Smart Cards Automated Fare Collection Systems Product Overview
9.12.3 Gunnebo Smart Cards Automated Fare Collection Systems Product Market Performance
9.12.4 Gunnebo Business Overview
9.12.5 Gunnebo Recent Developments
9.13 GMV
9.13.1 GMV Smart Cards Automated Fare Collection Systems Basic Information
9.13.2 GMV Smart Cards Automated Fare Collection Systems Product Overview
9.13.3 GMV Smart Cards Automated Fare Collection Systems Product Market Performance
9.13.4 GMV Business Overview
9.13.5 GMV Recent Developments
9.14 Huahong Jitong
9.14.1 Huahong Jitong Smart Cards Automated Fare Collection Systems Basic Information
9.14.2 Huahong Jitong Smart Cards Automated Fare Collection Systems Product Overview
9.14.3 Huahong Jitong Smart Cards Automated Fare Collection Systems Product Market Performance
9.14.4 Huahong Jitong Business Overview
9.14.5 Huahong Jitong Recent Developments
9.15 GRG Banking
9.15.1 GRG Banking Smart Cards Automated Fare Collection Systems Basic Information
9.15.2 GRG Banking Smart Cards Automated Fare Collection Systems Product Overview
9.15.3 GRG Banking Smart Cards Automated Fare Collection Systems Product Market Performance
9.15.4 GRG Banking Business Overview
9.15.5 GRG Banking Recent Developments
10 Smart Cards Automated Fare Collection Systems Market Forecast by Region
10.1 Global Smart Cards Automated Fare Collection Systems Market Size Forecast
10.2 Global Smart Cards Automated Fare Collection Systems Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Smart Cards Automated Fare Collection Systems Market Size Forecast by Country
10.2.3 Asia Pacific Smart Cards Automated Fare Collection Systems Market Size Forecast by Region
10.2.4 South America Smart Cards Automated Fare Collection Systems Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Smart Cards Automated Fare Collection Systems by Country
11 Forecast Market by Type and by Application (2024-2029)
11.1 Global Smart Cards Automated Fare Collection Systems Market Forecast by Type (2024-2029)
11.1.1 Global Forecasted Sales of Smart Cards Automated Fare Collection Systems by Type (2024-2029)
11.1.2 Global Smart Cards Automated Fare Collection Systems Market Size Forecast by Type (2024-2029)
11.1.3 Global Forecasted Price of Smart Cards Automated Fare Collection Systems by Type (2024-2029)
11.2 Global Smart Cards Automated Fare Collection Systems Market Forecast by Application (2024-2029)
11.2.1 Global Smart Cards Automated Fare Collection Systems Sales (K Units) Forecast by Application
11.2.2 Global Smart Cards Automated Fare Collection Systems Market Size (M USD) Forecast by Application (2024-2029)
12 Conclusion and Key Findings

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