Global Smart Cards Automated Fare Collection Systems Market Growth 2023-2029

Global Smart Cards Automated Fare Collection Systems Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Smart Cards Automated Fare Collection Systems Industry Forecast” looks at past sales and reviews total world Smart Cards Automated Fare Collection Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Cards Automated Fare Collection Systems sales for 2023 through 2029. With Smart Cards Automated Fare Collection Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Cards Automated Fare Collection Systems industry.
This Insight Report provides a comprehensive analysis of the global Smart Cards Automated Fare Collection Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Cards Automated Fare Collection Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Smart Cards Automated Fare Collection Systems market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Cards Automated Fare Collection Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Cards Automated Fare Collection Systems.
The global Smart Cards Automated Fare Collection Systems market size is projected to grow from US$ 1206.9 million in 2022 to US$ 2224.5 million in 2029; it is expected to grow at a CAGR of 2224.5 from 2023 to 2029.
Cubic Corporation, The Nippon Signal and Omron Corporation are the leading manufacturers of Smart Cards Automated Fare Collection Systems, with a combined market share of about 45%.
North America and Japan are the major markets, each accounting for about 30% of the market share.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart Cards Automated Fare Collection Systems market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Farebox
Ticket Vending Machines (TVM)
Validator
Segmentation by application
Off-Board
On-Board
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Smart Cards Automated Fare Collection Systems market?
What factors are driving Smart Cards Automated Fare Collection Systems market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Smart Cards Automated Fare Collection Systems market opportunities vary by end market size?
How does Smart Cards Automated Fare Collection Systems break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.