Automated Fare Collection System Market Synopsis:

Automated Fare Collection System Market Size Was Valued at USD 10.91 Billion in 2023, and is Projected to Reach USD 28.84 Billion by 2032, Growing at a CAGR of 11.40% From 2024-2032.

AFC in the context of this report refers to the system used by transportation services in the payment of fares by an automated process. It comprises of the tangible elements like validators, turnstiles and vending machines, the application components such as payment related software triggers and interfaces and lastly it consists of functional services such as maintenance and installation of the turnstiles among others. AFC systems utilise other payment technologies such as smart cards, contactless measures, and biometric identification to make fare collection easier, more effective and cheaper to the various transit providers.

The AFC market mainly focus is in relation to increasing consumer demand for convenient contact less payments. Because consumers are demanding faster, safer and convenient payment methods, AFC systems are being implemented to meet these demands. Smart cards, mobile payment, and NFC technologies are commonly used to perform smaller transactions with a very low contact time to reduce the perceived time to complete each transaction and hence increase the perceived user satisfaction. Further, the increased implementation of urban transit systems across the developing countries is increasing the need for automatic and efficient fare collection system, that reduce human interference and improve the overall revenue collection.

The two other factors include the smart city agenda and the digitalization of public transportation. There is increased demand for AFC systems due to plans by governments and city organizers to modernize transport systems. This is supported by the expanding awareness of sustainability because it can be achieved by regulating the number of people passing through specific areas to avoid overcrowding, and by promoting the usage of mass transport instead of personal car transport. Also, the compatibility of AFC systems with other related technologies such as mobile application, GPS solution, and real time analytic service has also improved the operating efficiency and thereby has provided a boost to the AFC market.

Automated Fare Collection System Market

Automated Fare Collection System Market Trend Analysis:

Increasing the utilization of contactless

  • A primary growth area in the AFC system market is toward increasing the utilization of contactless and those that access through mobile devices. As consumers carry their phones as their wallets today, there is a growing demand to make payments as seamless as can be which has seen adoption of systems such as NFC and QR code payments for fares. These solutions are being implemented with a growing frequency within public transport authorities to meet growing needs and integrate a need for faster and more efficient payment solutions while minimizing cash handling costs. The use of biometric recognition, like facial recognition and fingerprint scanning is also slowly becoming part of the payment solution, which increased the level of security even further and making the payment process even shorter.

  • The other trend is that AFC systems integrate data analysis and IoT (Internet of Things) solutions. Through information acquired from the physical contact points (ticket checkers, turnstiles, etc.) the operators are in a position to understand customer patterns, transport timetable and fare compliance. This fact-oriented approach has been proved to improve the effectiveness and usability of the services in cities and transport agencies. Consequently, there is a higher level of adoption of the smart fare collection systems, which could be very useful in other smart city developments.

Increased demand for effecting the public means of transport

  • New economy nations offer vast prospects to the AFC system market. With beverages being taken across these areas, it is projected that due to persisting Urbanization across the Asia pacific, Latin America as well as African regions there will be increased demand for effecting the public means of transport. It is now possible for AFC systems to offer the needed solution in managing more passenger traffic in these rapidly evolving cities by having better and more efficient fare collection mechanisms than those that are currently in the market. Further, purchases of AFC systems by governments and transit authorities in these regions as part of large-scale urban mobility projects will open up new business opportunities for AFC players.

  • Another advantage is the growing connectivity of AFC systems with other multipedal transport systems. Buses, trains, trams, and other forms of public transport are becoming increasingly integrated with growing city populations, there is emerging need for interchangeability of payment methods used to pay fares. Integrated AFC systems where passengers can use one form of payment when using different transport modes are slowly becoming common thereby enhancing customer satisfaction. This trend gives an insight for the firms who offer efficient integrated AFC system solutions that can address the transport mode and the payment system at the same time.

Automated Fare Collection System Market Segment Analysis:

Automated Fare Collection System Market is Segmented on the basis of Component, Technology, Deployment, Application, End User, and Region.

By Component, Hardware segment is expected to dominate the market during the forecast period

  • The AFCS (Automated Fare Collection System) market is typically divided into three main segments: hardware solutions, software solutions, and service solutions. The hardware segment encompasses key subsystems such as ticket validators, turnstiles, ticket vending machines, and fare gates, which play a critical role in fare collection and managing passenger flow. These devices ensure that passengers can easily pay fares while maintaining smooth traffic movement.

  • On the software side, the focus is on applications that handle fare payment processes, financial transactions, and seamless integration with other transportation systems. These software solutions are vital for ensuring the accuracy and security of monetary exchanges. Lastly, service solutions include the ongoing support and maintenance services required to keep the entire AFC system operational and efficient. These services ensure that the system remains reliable, functional, and continuously optimized to meet user demands and operational requirements in a transit environment. All these components are essential for a robust, dependable AFC system.

By Application, Railways segment expected to held the largest share

  • The market for Automated Fare Collection (AFC) systems is expanding across various transportation modes, including railways, buses, metro/subways, trams, light rail, and ferries. In railway and metro/subway systems, AFC enables seamless, automated fare collection, reducing the need for ticket inspectors and improving operational efficiency. For buses and trams, AFC systems enhance passenger throughput by reducing the time it takes for passengers to board and alight, leading to faster and more efficient operations. This improvement in efficiency helps transport providers manage larger volumes of passengers with minimal delays.

  • Water transport, such as ferries and waterways, is increasingly adopting AFC systems to address ticketing challenges. These systems provide an enhanced passenger experience by facilitating self-service payments, often through contactless methods, improving convenience and reducing queues. This widespread adoption of AFC technology significantly improves the overall efficiency and user experience in various transportation networks.

Automated Fare Collection System Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

  • Currently, Asia Pacific controls the biggest share of consumption in the AFC system market. This is because areas of the world especially those in Asia that consist of rapidly growing urbanization are putting more effort into developing their public transportation systems. A large number of governments across these regions are actively engaging in revamping public transport systems, and it has been observed that there is increasing requirement for AFCs in the context of transport systems. This is because, as urban populations increase, so does the demand for AFC system, as most cities seek to address the traffic jam issue.

  • It is also driven by the fact that contactless and mobile payments have also become common means in public transportation systems in the region. Consequently, smart fare collection systems are being implmented most actively in the cities of Asia Pacific. The increasing demand for integrated transport networks with innovative data-based services make this region expected to continue drive the market further.

Active Key Players in the Automated Fare Collection System Market:

  • AEP Ticketing Solutions (USA)
  • Conduent Incorporated (USA)
  • Cubic Corporation (USA)
  • Indra Sistemas (Spain)
  • Infineon Technologies (Germany)
  • Omron Corporation (Japan)
  • Siemens AG (Germany)
  • Thales Group (France)
  • Trapeze Group (Canada)
  • Vix Technology (Australia), and Other Active Players

Automated Fare Collection System Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 10.91 Billion

Forecast Period 2024-32 CAGR:

11.40 %

Market Size in 2032:

USD 28.84 Billion

Segments Covered:

By Component

  • Hardware
  • Software
  • Services

By Technology

  • Contactless
  • Smart Cards
  • Biometric Recognition
  • Near Field Communication (NFC)
  • Magnetic Stripe Cards

By Deployment

  • Cloud-based
  • On-premise

By Application

  • Railways
  • Buses
  • Metro/Subway
  • Trams & Light Rail
  • Ferries & Waterways

By End User

  • Transportation Operators
  • Public Transport Authorities
  • Government Agencies

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Main Drivers Accelerating the Adoption of AFC Systems

Key Market Restraints:

  • Challenges Hindering the Growth of the Automated Fare Collection System Market

Key Opportunities:

  • Growth Opportunities for AFC Systems in Expanding Markets

Companies Covered in the report:

  • AEP Ticketing Solutions (USA), Conduent Incorporated (USA), Cubic Corporation (USA), Indra Sistemas (Spain), Infineon Technologies (Germany), and Other Active Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Automated Fare Collection System Market by Component
 4.1 Automated Fare Collection System Market Snapshot and Growth Engine
 4.2 Automated Fare Collection System Market Overview
 4.3 Hardware
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Hardware: Geographic Segmentation Analysis
 4.4 Software
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Software: Geographic Segmentation Analysis
 4.5 Services
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Services: Geographic Segmentation Analysis

Chapter 5: Automated Fare Collection System Market by Technology
 5.1 Automated Fare Collection System Market Snapshot and Growth Engine
 5.2 Automated Fare Collection System Market Overview
 5.3 Contactless
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Contactless: Geographic Segmentation Analysis
 5.4 Smart Cards
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Smart Cards: Geographic Segmentation Analysis
 5.5 Biometric Recognition
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Biometric Recognition: Geographic Segmentation Analysis
 5.6 Near Field Communication (NFC)
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Near Field Communication (NFC): Geographic Segmentation Analysis
 5.7 Magnetic Stripe Cards
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Magnetic Stripe Cards: Geographic Segmentation Analysis

Chapter 6: Automated Fare Collection System Market by Application
 6.1 Automated Fare Collection System Market Snapshot and Growth Engine
 6.2 Automated Fare Collection System Market Overview
 6.3 Railways
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Railways: Geographic Segmentation Analysis
 6.4 Buses
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Buses: Geographic Segmentation Analysis
 6.5 Metro/Subway
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Metro/Subway: Geographic Segmentation Analysis
 6.6 Trams & Light Rail
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Trams & Light Rail: Geographic Segmentation Analysis
 6.7 Ferries & Waterways
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Ferries & Waterways: Geographic Segmentation Analysis

Chapter 7: Automated Fare Collection System Market by Deployment Mode
 7.1 Automated Fare Collection System Market Snapshot and Growth Engine
 7.2 Automated Fare Collection System Market Overview
 7.3 Cloud-based
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Cloud-based: Geographic Segmentation Analysis
 7.4 On-premise
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 On-premise: Geographic Segmentation Analysis

Chapter 8: Automated Fare Collection System Market by End-User
 8.1 Automated Fare Collection System Market Snapshot and Growth Engine
 8.2 Automated Fare Collection System Market Overview
 8.3 Transportation Operators
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Transportation Operators: Geographic Segmentation Analysis
 8.4 Public Transport Authorities
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 Public Transport Authorities: Geographic Segmentation Analysis
 8.5 Government Agencies
  8.5.1 Introduction and Market Overview
  8.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  8.5.3 Key Market Trends, Growth Factors and Opportunities
  8.5.4 Government Agencies: Geographic Segmentation Analysis

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Benchmarking
  9.1.2 Automated Fare Collection System Market Share by Manufacturer (2023)
  9.1.3 Industry BCG Matrix
  9.1.4 Heat Map Analysis
  9.1.5 Mergers and Acquisitions  
 9.2 CUBIC CORPORATION (USA)
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Role of the Company in the Market
  9.2.5 Sustainability and Social Responsibility
  9.2.6 Operating Business Segments
  9.2.7 Product Portfolio
  9.2.8 Business Performance
  9.2.9 Key Strategic Moves and Recent Developments
  9.2.10 SWOT Analysis
 9.3 CONDUENT INCORPORATED (USA)
 9.4 THALES GROUP (FRANCE)
 9.5 VIX TECHNOLOGY (AUSTRALIA)
 9.6 OMRON CORPORATION (JAPAN)
 9.7 INFINEON TECHNOLOGIES (GERMANY)
 9.8 SIEMENS AG (GERMANY)
 9.9 AEP TICKETING SOLUTIONS (USA)
 9.10 INDRA SISTEMAS (SPAIN)
 9.11 TRAPEZE GROUP (CANADA)
 9.12 OTHER ACTIVE PLAYERS

Chapter 10: Global Automated Fare Collection System Market By Region
 10.1 Overview
10.2. North America Automated Fare Collection System Market
  10.2.1 Key Market Trends, Growth Factors and Opportunities
  10.2.2 Top Key Companies
  10.2.3 Historic and Forecasted Market Size by Segments
  10.2.4 Historic and Forecasted Market Size By Component
  10.2.4.1 Hardware
  10.2.4.2 Software
  10.2.4.3 Services
  10.2.5 Historic and Forecasted Market Size By Technology
  10.2.5.1 Contactless
  10.2.5.2 Smart Cards
  10.2.5.3 Biometric Recognition
  10.2.5.4 Near Field Communication (NFC)
  10.2.5.5 Magnetic Stripe Cards
  10.2.6 Historic and Forecasted Market Size By Application
  10.2.6.1 Railways
  10.2.6.2 Buses
  10.2.6.3 Metro/Subway
  10.2.6.4 Trams & Light Rail
  10.2.6.5 Ferries & Waterways
  10.2.7 Historic and Forecasted Market Size By Deployment Mode
  10.2.7.1 Cloud-based
  10.2.7.2 On-premise
  10.2.8 Historic and Forecasted Market Size By End-User
  10.2.8.1 Transportation Operators
  10.2.8.2 Public Transport Authorities
  10.2.8.3 Government Agencies
  10.2.9 Historic and Forecast Market Size by Country
  10.2.9.1 US
  10.2.9.2 Canada
  10.2.9.3 Mexico
10.3. Eastern Europe Automated Fare Collection System Market
  10.3.1 Key Market Trends, Growth Factors and Opportunities
  10.3.2 Top Key Companies
  10.3.3 Historic and Forecasted Market Size by Segments
  10.3.4 Historic and Forecasted Market Size By Component
  10.3.4.1 Hardware
  10.3.4.2 Software
  10.3.4.3 Services
  10.3.5 Historic and Forecasted Market Size By Technology
  10.3.5.1 Contactless
  10.3.5.2 Smart Cards
  10.3.5.3 Biometric Recognition
  10.3.5.4 Near Field Communication (NFC)
  10.3.5.5 Magnetic Stripe Cards
  10.3.6 Historic and Forecasted Market Size By Application
  10.3.6.1 Railways
  10.3.6.2 Buses
  10.3.6.3 Metro/Subway
  10.3.6.4 Trams & Light Rail
  10.3.6.5 Ferries & Waterways
  10.3.7 Historic and Forecasted Market Size By Deployment Mode
  10.3.7.1 Cloud-based
  10.3.7.2 On-premise
  10.3.8 Historic and Forecasted Market Size By End-User
  10.3.8.1 Transportation Operators
  10.3.8.2 Public Transport Authorities
  10.3.8.3 Government Agencies
  10.3.9 Historic and Forecast Market Size by Country
  10.3.9.1 Russia
  10.3.9.2 Bulgaria
  10.3.9.3 The Czech Republic
  10.3.9.4 Hungary
  10.3.9.5 Poland
  10.3.9.6 Romania
  10.3.9.7 Rest of Eastern Europe
10.4. Western Europe Automated Fare Collection System Market
  10.4.1 Key Market Trends, Growth Factors and Opportunities
  10.4.2 Top Key Companies
  10.4.3 Historic and Forecasted Market Size by Segments
  10.4.4 Historic and Forecasted Market Size By Component
  10.4.4.1 Hardware
  10.4.4.2 Software
  10.4.4.3 Services
  10.4.5 Historic and Forecasted Market Size By Technology
  10.4.5.1 Contactless
  10.4.5.2 Smart Cards
  10.4.5.3 Biometric Recognition
  10.4.5.4 Near Field Communication (NFC)
  10.4.5.5 Magnetic Stripe Cards
  10.4.6 Historic and Forecasted Market Size By Application
  10.4.6.1 Railways
  10.4.6.2 Buses
  10.4.6.3 Metro/Subway
  10.4.6.4 Trams & Light Rail
  10.4.6.5 Ferries & Waterways
  10.4.7 Historic and Forecasted Market Size By Deployment Mode
  10.4.7.1 Cloud-based
  10.4.7.2 On-premise
  10.4.8 Historic and Forecasted Market Size By End-User
  10.4.8.1 Transportation Operators
  10.4.8.2 Public Transport Authorities
  10.4.8.3 Government Agencies
  10.4.9 Historic and Forecast Market Size by Country
  10.4.9.1 Germany
  10.4.9.2 UK
  10.4.9.3 France
  10.4.9.4 The Netherlands
  10.4.9.5 Italy
  10.4.9.6 Spain
  10.4.9.7 Rest of Western Europe
10.5. Asia Pacific Automated Fare Collection System Market
  10.5.1 Key Market Trends, Growth Factors and Opportunities
  10.5.2 Top Key Companies
  10.5.3 Historic and Forecasted Market Size by Segments
  10.5.4 Historic and Forecasted Market Size By Component
  10.5.4.1 Hardware
  10.5.4.2 Software
  10.5.4.3 Services
  10.5.5 Historic and Forecasted Market Size By Technology
  10.5.5.1 Contactless
  10.5.5.2 Smart Cards
  10.5.5.3 Biometric Recognition
  10.5.5.4 Near Field Communication (NFC)
  10.5.5.5 Magnetic Stripe Cards
  10.5.6 Historic and Forecasted Market Size By Application
  10.5.6.1 Railways
  10.5.6.2 Buses
  10.5.6.3 Metro/Subway
  10.5.6.4 Trams & Light Rail
  10.5.6.5 Ferries & Waterways
  10.5.7 Historic and Forecasted Market Size By Deployment Mode
  10.5.7.1 Cloud-based
  10.5.7.2 On-premise
  10.5.8 Historic and Forecasted Market Size By End-User
  10.5.8.1 Transportation Operators
  10.5.8.2 Public Transport Authorities
  10.5.8.3 Government Agencies
  10.5.9 Historic and Forecast Market Size by Country
  10.5.9.1 China
  10.5.9.2 India
  10.5.9.3 Japan
  10.5.9.4 South Korea
  10.5.9.5 Malaysia
  10.5.9.6 Thailand
  10.5.9.7 Vietnam
  10.5.9.8 The Philippines
  10.5.9.9 Australia
  10.5.9.10 New Zealand
  10.5.9.11 Rest of APAC
10.6. Middle East & Africa Automated Fare Collection System Market
  10.6.1 Key Market Trends, Growth Factors and Opportunities
  10.6.2 Top Key Companies
  10.6.3 Historic and Forecasted Market Size by Segments
  10.6.4 Historic and Forecasted Market Size By Component
  10.6.4.1 Hardware
  10.6.4.2 Software
  10.6.4.3 Services
  10.6.5 Historic and Forecasted Market Size By Technology
  10.6.5.1 Contactless
  10.6.5.2 Smart Cards
  10.6.5.3 Biometric Recognition
  10.6.5.4 Near Field Communication (NFC)
  10.6.5.5 Magnetic Stripe Cards
  10.6.6 Historic and Forecasted Market Size By Application
  10.6.6.1 Railways
  10.6.6.2 Buses
  10.6.6.3 Metro/Subway
  10.6.6.4 Trams & Light Rail
  10.6.6.5 Ferries & Waterways
  10.6.7 Historic and Forecasted Market Size By Deployment Mode
  10.6.7.1 Cloud-based
  10.6.7.2 On-premise
  10.6.8 Historic and Forecasted Market Size By End-User
  10.6.8.1 Transportation Operators
  10.6.8.2 Public Transport Authorities
  10.6.8.3 Government Agencies
  10.6.9 Historic and Forecast Market Size by Country
  10.6.9.1 Turkiye
  10.6.9.2 Bahrain
  10.6.9.3 Kuwait
  10.6.9.4 Saudi Arabia
  10.6.9.5 Qatar
  10.6.9.6 UAE
  10.6.9.7 Israel
  10.6.9.8 South Africa
10.7. South America Automated Fare Collection System Market
  10.7.1 Key Market Trends, Growth Factors and Opportunities
  10.7.2 Top Key Companies
  10.7.3 Historic and Forecasted Market Size by Segments
  10.7.4 Historic and Forecasted Market Size By Component
  10.7.4.1 Hardware
  10.7.4.2 Software
  10.7.4.3 Services
  10.7.5 Historic and Forecasted Market Size By Technology
  10.7.5.1 Contactless
  10.7.5.2 Smart Cards
  10.7.5.3 Biometric Recognition
  10.7.5.4 Near Field Communication (NFC)
  10.7.5.5 Magnetic Stripe Cards
  10.7.6 Historic and Forecasted Market Size By Application
  10.7.6.1 Railways
  10.7.6.2 Buses
  10.7.6.3 Metro/Subway
  10.7.6.4 Trams & Light Rail
  10.7.6.5 Ferries & Waterways
  10.7.7 Historic and Forecasted Market Size By Deployment Mode
  10.7.7.1 Cloud-based
  10.7.7.2 On-premise
  10.7.8 Historic and Forecasted Market Size By End-User
  10.7.8.1 Transportation Operators
  10.7.8.2 Public Transport Authorities
  10.7.8.3 Government Agencies
  10.7.9 Historic and Forecast Market Size by Country
  10.7.9.1 Brazil
  10.7.9.2 Argentina
  10.7.9.3 Rest of SA

Chapter 11 Analyst Viewpoint and Conclusion
11.1 Recommendations and Concluding Analysis
11.2 Potential Market Strategies

Chapter 12 Research Methodology
12.1 Research Process
12.2 Primary Research
12.3 Secondary Research
 

Automated Fare Collection System Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 10.91 Billion

Forecast Period 2024-32 CAGR:

11.40 %

Market Size in 2032:

USD 28.84 Billion

Segments Covered:

By Component

  • Hardware
  • Software
  • Services

By Technology

  • Contactless
  • Smart Cards
  • Biometric Recognition
  • Near Field Communication (NFC)
  • Magnetic Stripe Cards

By Deployment

  • Cloud-based
  • On-premise

By Application

  • Railways
  • Buses
  • Metro/Subway
  • Trams & Light Rail
  • Ferries & Waterways

By End User

  • Transportation Operators
  • Public Transport Authorities
  • Government Agencies

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Main Drivers Accelerating the Adoption of AFC Systems

Key Market Restraints:

  • Challenges Hindering the Growth of the Automated Fare Collection System Market

Key Opportunities:

  • Growth Opportunities for AFC Systems in Expanding Markets

Companies Covered in the report:

  • AEP Ticketing Solutions (USA), Conduent Incorporated (USA), Cubic Corporation (USA), Indra Sistemas (Spain), Infineon Technologies (Germany), and Other Active Players.

Frequently Asked Questions :

What would be the forecast period in the Automated Fare Collection System Market research report?
The forecast period in the Automated Fare Collection System Market research report is 2024-2032.
Who are the key players in the Automated Fare Collection System Market?
AEP Ticketing Solutions (USA), Conduent Incorporated (USA), Cubic Corporation (USA), Indra Sistemas (Spain), Infineon Technologies (Germany), Omron Corporation (Japan), Siemens AG (Germany), Thales Group (France), Trapeze Group (Canada), Vix Technology (Australia), and Other Active Players.
What are the segments of the Automated Fare Collection System Market?
The Automated Fare Collection System Market is segmented into Component, Technology, Deployment, Application, End User, and Region. By Component, the market is categorized into Hardware, Software, and Services. By Technology, the market is categorized into Contactless, Smart Cards, Biometric Recognition, Near Field Communication (NFC), Magnetic Stripe Cards. By Application, the market is categorized into Railways, Buses, Metro/Subway, Trams & Light Rail, Ferries & Waterways; By Deployment Mode: Cloud-based, On-premise; By End-User: Transportation Operators, Public Transport Authorities, Government Agencies). By region, it is analyzed across North America (U.S., Canada, Mexico), Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe), Western Europe (Germany, UK, France, Netherlands, Italy, Spain, Rest of Western Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC), Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil, Argentina, Rest of SA).
What is the Automated Fare Collection System Market?
AFC in the context of this report refers to the system used by transportation services in the payment of fares by an automated process. It comprises of the tangible elements like validators, turnstiles and vending machines, the application components such as payment related software triggers and interfaces and lastly it consists of functional services such as maintenance and installation of the turnstiles among others. AFC systems utilise other payment technologies such as smart cards, contactless measures, and biometric identification to make fare collection easier, more effective and cheaper to the various transit providers.
How big is the Automated Fare Collection System Market?
Automated Fare Collection System Market Size Was Valued at USD 10.91 Billion in 2023, and is Projected to Reach USD 28.84 Billion by 2032, Growing at a CAGR of 11.40% From 2024-2032.