Global Automated Fare Collection (AFC) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Automated Fare Collection (AFC) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Automated Fare Collection (AFC) market size was valued at USD 7707.6 million in 2023 and is forecast to a readjusted size of USD 12510 million by 2030 with a CAGR of 7.2% during review period.

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 Info Research report includes an overview of the development of the Automated Fare Collection (AFC) industry chain, the market status of Government Buildings (Hardware, Software), Large Commercial Workplaces (Hardware, Software), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Automated Fare Collection (AFC).

Regionally, the report analyzes the Automated Fare Collection (AFC) markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Automated Fare Collection (AFC) market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Automated Fare Collection (AFC) market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Automated Fare Collection (AFC) industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Hardware, Software).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Automated Fare Collection (AFC) market.

Regional Analysis: The report involves examining the Automated Fare Collection (AFC) market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Automated Fare Collection (AFC) market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Automated Fare Collection (AFC):

Company Analysis: Report covers individual Automated Fare Collection (AFC) manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Automated Fare Collection (AFC) This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Government Buildings, Large Commercial Workplaces).

Technology Analysis: Report covers specific technologies relevant to Automated Fare Collection (AFC). It assesses the current state, advancements, and potential future developments in Automated Fare Collection (AFC) areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Automated Fare Collection (AFC) market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

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.

Market segment by Type
Hardware
Software

Market segment by Application
Government Buildings
Large Commercial Workplaces
Public Transport Ports

Major players covered
Cubic Systems
Omron Corporation
Thales Group
Advance Cards Systems
Atos SE
Fare Logistics
LG Corporation
NXP Semiconductor
Samsung SDS

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Automated Fare Collection (AFC) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Automated Fare Collection (AFC), with price, sales, revenue and global market share of Automated Fare Collection (AFC) from 2019 to 2024.

Chapter 3, the Automated Fare Collection (AFC) competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Automated Fare Collection (AFC) breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Automated Fare Collection (AFC) market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Automated Fare Collection (AFC).

Chapter 14 and 15, to describe Automated Fare Collection (AFC) sales channel, distributors, customers, research findings and conclusion.