Market by Component, Application, Technology, and Country | Forecast 2021-2028
As per Triton’s research report, the automated fare collection system market in Europe is assessed to acquire a CAGR of 10.93% during the forecast years of 2021-2028.
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The
countries scrutinized in this market comprise:
• The United Kingdom
• Spain
• Germany
• Italy
• France
• Russia
• Rest of Europe
In
Europe, several companies are entering into strategic partnerships with
application developers to advance technologies. For instance, Scheidt &
Bachmann stated its partnership with Octopus Application Limited, a solution
provider for contactless smart cards. This collaboration will permit commuters
to make contactless payments. Therefore, such initiatives are likely to offer
lucrative growth opportunities to the automated fare collection system market
across the region.
In
the UK, transportation in London is witnessing a growth in the adoption of
contactless payments using cards and devices. Here, e-wallet payments are
gaining significant traction for a majority of the journeys. Furthermore,
large-scale regional activities like Transport for the North are underway,
which holds the potential to restructure the payment segment. Additionally,
significant enhancement in card scheme processes is likely to propel the
automated fare collection system market on a growth path within the United
Kingdom.
Likewise,
automated fare systems have replaced paper-based tickets with smartcards across
Germany. Moreover, smart cards have become standard in AFC systems; however,
there are multiple other media types supported in the country. Thus, the growing
use of smartcards is likely to offer growth opportunities to the automated fare
collection system market.
Scheidt
& Bachmann GmbH is a global system provider functioning under various
business divisions, such as parking and leisure, fare collection, signaling,
and petrol station systems. The company supports transport systems globally by
offering multiple solutions, including automatic pay stations, entry control
devices, crossing technology, ticket machines, outdoor payment terminals, and
parking barriers. It is headquartered in Germany.
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VIEW REPORT1. EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
SCOPE
2.2. KEY
INSIGHTS
2.2.1. TRAIN
TRANSPORT SYSTEMS PROMINENTLY APPLY THE AUTOMATED FARE COLLECTION SYSTEM
2.2.2. SMART
CARD IS A MAJORLY UTILIZED TECHNOLOGY IN THE AUTOMATED
FARE COLLECTION SYSTEM MARKET
2.2.3. HARDWARE
SEGMENT IS GAINING MOMENTUM IN THE MARKET
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF SUPPLIERS
2.3.4. BARGAINING
POWER OF BUYERS
2.3.5. INTENSITY
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. MARKET
DRIVERS
2.6.1. REDUCTION
IN FRAUDS AND COUNTERFEITING
2.6.2. GROWING
USE OF SMARTPHONES
2.6.3. FLEXIBLE
FARE PLANS
2.6.4. GROWING
NEED FOR EFFICIENCY
2.7. MARKET
RESTRAINTS
2.7.1. HIGH
CAPITAL INVESTMENT
2.7.2. INCOMPLETE
PROJECTS DUE TO DELAY AND FUNDING SHORTFALL
2.8. MARKET
OPPORTUNITIES
2.8.1. INFRASTRUCTURAL
UPGRADATION
2.8.2. GROWING
PREFERENCE FOR CONTACTLESS PAYMENT
2.9. KEY
STRATEGIC DEVELOPMENTS
2.9.1. MERGER
& ACQUISITIONS
2.9.2. PRODUCT
LAUNCH & DEVELOPMENTS
2.9.3. PARTNERSHIP,
CONTRACT/AGREEMENT, & COLLABORATION
2.9.4. BUSINESS
EXPANSION
2.10. VALUE
CHAIN ANALYSIS
2.11. IMPACT
OF CORONAVIRUS ON AUTOMATED FARE COLLECTION MARKET
3. EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET OUTLOOK - BY COMPONENT
3.1. HARDWARE
COMPONENT
3.1.1. VALIDATORS
3.1.2. TURNSTILES
3.1.3. TICKET
VENDING MACHINES
3.1.4. OTHER
HARDWARE COMPONENTS
3.2. SOFTWARE
4. EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET OUTLOOK - BY APPLICATION
4.1. BUS
4.2. TRAIN
4.3. TOLL
4.4. CAR
5. EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET OUTLOOK - BY TECHNOLOGY
5.1. SMART
CARD
5.2. OCR
(OPTICAL CHARACTER RECOGNITION)
5.3. NFC
(NEAR FIELD COMMUNICATION)
5.4. OTHER
TECHNOLOGIES
6. AUTOMATED
FARE COLLECTION SYSTEM MARKET – EUROPE
6.1. UNITED
KINGDOM
6.2. GERMANY
6.3. FRANCE
6.4. SPAIN
6.5. ITALY
6.6. RUSSIA
6.7. REST
OF EUROPE
7. COMPETITIVE
LANDSCAPE
7.1. LG
CNS
7.2. OMRON
CORPORATION
7.3. SAMSUNG
SDS
7.4. SCHEIDT
& BACHMANN GMBH
7.5. CUBIC
TRANSPORTATION SYSTEMS INC
7.6. ATOS
SE
7.7. DORMAKABA
HOLDING
7.8. LECIP
HOLDINGS CORPORATION
7.9. NXP
SEMICONDUCTORS
7.10. THALES
GROUP
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.1.1. OBJECTIVES
OF STUDY
8.1.2. SCOPE
OF STUDY
8.2. SOURCES
OF DATA
8.2.1. PRIMARY
DATA SOURCES
8.2.2. SECONDARY
DATA SOURCES
8.3. RESEARCH
METHODOLOGY
8.3.1. EVALUATION
OF PROPOSED MARKET
8.3.2. IDENTIFICATION
OF DATA SOURCES
8.3.3. ASSESSMENT
OF MARKET DETERMINANTS
8.3.4. DATA
COLLECTION
8.3.5. DATA
VALIDATION & ANALYSIS
TABLE 1: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION)
TABLE 4: EUROPE
HARDWARE COMPONENT MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 5: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, 2021-2028 (IN $
MILLION)
TABLE 6: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, 2021-2028 (IN $
MILLION)
TABLE 7: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
FIGURE 1: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, 2020 & 2028 (IN %)
FIGURE 2: PORTER’S FIVE
FORCES ANALYSIS
FIGURE 3: MARKET
ATTRACTIVENESS INDEX
FIGURE 4: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY HARDWARE COMPONENT, 2021-2028 (IN $
MILLION)
FIGURE 5: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY VALIDATORS, 2021-2028 (IN $
MILLION)
FIGURE 6: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TURNSTILES, 2021-2028 (IN $
MILLION)
FIGURE 7: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TICKET VENDING MACHINES, 2021-2028
(IN $ MILLION)
FIGURE 8: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER HARDWARE COMPONENTS,
2021-2028 (IN $ MILLION)
FIGURE 9: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SOFTWARE, 2019-2025 (IN $ MILLION)
FIGURE 10: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY BUS, 2021-2028 (IN $ MILLION)
FIGURE 11: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TRAIN, 2021-2028 (IN $ MILLION)
FIGURE 12: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TOLL, 2021-2028 (IN $ MILLION)
FIGURE 13: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY CAR, 2021-2028 (IN $ MILLION)
FIGURE 14: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SMART CARD, 2021-2028 (IN $
MILLION)
FIGURE 15: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OCR (OPTICAL CHARACTER RECOGNITION),
2021-2028 (IN $ MILLION)
FIGURE 16: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY NFC (NEAR FIELD COMMUNICATION),
2021-2028 (IN $ MILLION)
FIGURE 17: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER TECHNOLOGIES, 2021-2028 (IN $
MILLION)
FIGURE 18: EUROPE
AUTOMATED FARE COLLECTION SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN
%)
FIGURE 19: UNITED
KINGDOM AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 20: GERMANY
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: FRANCE
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 22: SPAIN
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: ITALY
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 24: RUSSIA
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 25: REST OF
EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)