Smart Cards Automated Fare Collection Systems Market

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.

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

Smart Cards Automated Fare Collection Systems Market contains market size and forecasts of Smart Cards Automated Fare Collection Systems in global, including the following market information:

Global Smart Cards Automated Fare Collection Systems Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Smart Cards Automated Fare Collection Systems Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Smart Cards Automated Fare Collection Systems companies in 2021 (%)

The global Smart Cards Automated Fare Collection Systems market was valued at 1269.4 million in 2021 and is projected to reach US$ 2235.7 million by 2028, at a CAGR of 8.4% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Farebox Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Smart Cards Automated Fare Collection Systems include Cubic Corporation, The Nippon Signal, Omron Corporation, Scheidt & Bachmann, Thales Group, INIT, Huaming, Xerox and GFI Genfare, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Smart Cards Automated Fare Collection Systems manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Smart Cards Automated Fare Collection Systems Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Smart Cards Automated Fare Collection Systems Market Segment Percentages, by Type, 2021 (%)

Farebox

Ticket Vending Machines (TVM)

Validator

Global Smart Cards Automated Fare Collection Systems Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Smart Cards Automated Fare Collection Systems Market Segment Percentages, by Application, 2021 (%)

Off-Board

On-Board

Global Smart Cards Automated Fare Collection Systems Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Smart Cards Automated Fare Collection Systems Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Smart Cards Automated Fare Collection Systems revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Smart Cards Automated Fare Collection Systems revenues share in global market, 2021 (%)

Key companies Smart Cards Automated Fare Collection Systems sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Smart Cards Automated Fare Collection Systems sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

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