Market by Component, Application, Technology, and Country | Forecast 2021-2028
As mentioned in Triton Market Research’s report, the automated fare collection system market in the Middle East and Africa is foreseen to observe growth based on revenue at a CAGR of 10.01% during the anticipated period 2021-2028.
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The countries considered for evaluation in this
market are:
•
The United Arab Emirates
•
Turkey
•
South Africa
•
Saudi Arabia
•
Rest of Middle East & Africa
The growing adoption of intelligent
technologies, including AI, is likely to offer lucrative opportunities to the
region’s automated fare collection system market. For instance, the NOL card in
Dubai is a smart card that permits users to pay for various RTA transports,
including busses, water buses, and trams. Moreover, users can use the card to
pay for parking services across the city. Hence, such developments are expected
to augment the growth of the automated fare collection system market across the
Middle East and Africa region in the upcoming years.
In Turkey, users can purchase smart tickets
loaded with credit, which can be used across buses, metro, tram, and ferries.
Moreover, these cards can be used for payments in taxis. Istanbulkart is one
such smart card that is widely used across Istanbul, introduced by IT company
Belbim. Additionally, this card is operated by the Metropolitan Municipality
and private companies. Thus, the growing adoption of smart cards to ensure
efficient and contactless payments widely support the growth of the automated
fare collection system market within Turkey.
Dormakaba Holding offers access control and
security solutions and operates via its business segments, such as access
solutions, key systems, and movable wall segments. It provides door hardware
products, including entrance systems, automated boarding pass controls,
electronics hotel locks, safe locks, and interior glass systems. The company
also offers maintenance and installation services to its large consumer base.
Dormakaba has operations across multiple regions, including the Middle East and
Africa region.
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VIEW REPORT1. MIDDLE
EAST AND AFRICA 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. 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 SYSTEM
3. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET OUTLOOK - BY
APPLICATION
4.1. BUS
4.2. TRAIN
4.3. TOLL
4.4. CAR
5. MIDDLE
EAST AND AFRICA 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 – MIDDLE EAST AND AFRICA
6.1. UNITED
ARAB EMIRATES
6.2. TURKEY
6.3. SAUDI
ARABIA
6.4. SOUTH
AFRICA
6.5. REST
OF MIDDLE EAST & AFRICA
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: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $
MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, 2021-2028 (IN
$ MILLION)
TABLE 4: MIDDLE EAST
AND AFRICA HARDWARE COMPONENT MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 5: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, 2021-2028
(IN $ MILLION)
TABLE 6: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, 2021-2028
(IN $ MILLION)
TABLE 7: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $
MILLION)
FIGURE 1: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, 2020 &
2028 (IN %)
FIGURE 2: PORTER’S FIVE
FORCES ANALYSIS
FIGURE 3: MARKET
ATTRACTIVENESS INDEX
FIGURE 4: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY HARDWARE COMPONENT,
2021-2028 (IN $ MILLION)
FIGURE 5: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY VALIDATORS, 2021-2028
(IN $ MILLION)
FIGURE 6: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TURNSTILES, 2021-2028
(IN $ MILLION)
FIGURE 7: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TICKET VENDING MACHINES,
2021-2028 (IN $ MILLION)
FIGURE 8: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER HARDWARE
COMPONENTS, 2021-2028 (IN $ MILLION)
FIGURE 9: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SOFTWARE, 2019-2025 (IN
$ MILLION)
FIGURE 10: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY BUS, 2021-2028 (IN $
MILLION)
FIGURE 11: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TRAIN, 2021-2028 (IN $
MILLION)
FIGURE 12: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TOLL, 2021-2028 (IN $
MILLION)
FIGURE 13: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY CAR, 2021-2028 (IN $
MILLION)
FIGURE 14: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SMART CARD, 2021-2028
(IN $ MILLION)
FIGURE 15: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OCR (OPTICAL CHARACTER
RECOGNITION), 2021-2028 (IN $ MILLION)
FIGURE 16: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY NFC (NEAR FIELD
COMMUNICATION), 2021-2028 (IN $ MILLION)
FIGURE 17: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER TECHNOLOGIES,
2021-2028 (IN $ MILLION)
FIGURE 18: MIDDLE EAST
AND AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET, REGIONAL OUTLOOK, 2020
& 2028 (IN %)
FIGURE 19: UNITED ARAB
EMIRATES AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 20: TURKEY
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: SAUDI ARABIA
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 22: SOUTH AFRICA
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: REST OF
MIDDLE EAST & AFRICA AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN
$ MILLION)