Market by Component, Application, Technology, and Country | Forecast 2021-2028
Triton’s research report estimates that the North America automated fare collection system market is expected to advance at a CAGR of 10.18% during the examined period 2021-2028.
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The
countries reviewed in this market are:
• United States
• Canada
In
the region, the automated fare collection system market is motivated by various
factors, such as technological advancements, investment in automated fare
collection solutions, and others. Several prominent players, such as Cubic
Transportation, have invested significantly in automated fare collection system
solutions. Additionally, these systems have facilitated the transition from
paper tickets to contactless smart cards, adding to the studied market’s
growth.
Furthermore,
the rise in road accidents and traffic congestion are other factors boosting
the demand for automated fare collection systems within the US and Canada.
Therefore, such developments are estimated to open new avenues for the
automated fare collection system market.
Additionally,
the advancement in smart cards, along with the launch of new products, are
anticipated to enhance the demand for AFS systems. Along with this, the advent
of NFC-enabled phones has supported contactless payments across the region.
This further widens the scope of automated fare collection systems. Hence,
these are another set of factors driving the automated fare collection system
market on a growth path across the United States and Canada.
Cubic
Transportation Systems Inc is a system integrator of payment and services for
smart travel solutions. The company is primarily engaged in designing,
developing, producing, and installing automated fare payment, traffic
management, and other systems. Besides, it offers real-time data relating to
collection systems and provides tools for travelers to identify the smartest
way to make payments during journeys. Cubic Transportation has operations in
various countries, with headquarters based in the United States.
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VIEW REPORT1. NORTH
AMERICA 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 SYSTEM MARKET
3. NORTH
AMERICA 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. NORTH
AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET OUTLOOK - BY APPLICATION
4.1. BUS
4.2. TRAIN
4.3. TOLL
4.4. CAR
5. NORTH
AMERICA 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 INDUSTRY – NORTH AMERICA
6.1. UNITED
STATES
6.2. CANADA
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: NORTH AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: NORTH AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, 2021-2028 (IN $ MILLION)
TABLE 4: NORTH AMERICA
HARDWARE COMPONENT MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 5: NORTH AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, 2021-2028 (IN $
MILLION)
TABLE 6: NORTH AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, 2021-2028 (IN $
MILLION)
TABLE 7: NORTH AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
FIGURE 1: NORTH AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, 2020 & 2028 (IN %)
FIGURE 2: PORTER’S FIVE
FORCES ANALYSIS
FIGURE 3: MARKET
ATTRACTIVENESS INDEX
FIGURE 4: NORTH AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY HARDWARE COMPONENT, 2021-2028 (IN $
MILLION)
FIGURE 5: NORTH AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY VALIDATORS, 2021-2028 (IN $
MILLION)
FIGURE 6: NORTH AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TURNSTILES, 2021-2028 (IN $
MILLION)
FIGURE 7: NORTH AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TICKET VENDING MACHINES, 2021-2028
(IN $ MILLION)
FIGURE 8: NORTH AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER HARDWARE COMPONENTS,
2021-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SOFTWARE, 2019-2025 (IN $ MILLION)
FIGURE 10: NORTH
AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY BUS, 2021-2028 (IN $
MILLION)
FIGURE 11: NORTH
AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TRAIN, 2021-2028 (IN $
MILLION)
FIGURE 12: NORTH AMERICA
AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TOLL, 2021-2028 (IN $ MILLION)
FIGURE 13: NORTH
AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY CAR, 2021-2028 (IN $
MILLION)
FIGURE 14: NORTH
AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SMART CARD, 2021-2028 (IN $
MILLION)
FIGURE 15: NORTH
AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OCR (OPTICAL CHARACTER
RECOGNITION), 2021-2028 (IN $ MILLION)
FIGURE 16: NORTH
AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY NFC (NEAR FIELD COMMUNICATION),
2021-2028 (IN $ MILLION)
FIGURE 17: NORTH
AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER TECHNOLOGIES,
2021-2028 (IN $ MILLION)
FIGURE 18: NORTH
AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, REGIONAL OUTLOOK, 2020 &
2028 (IN %)
FIGURE 19: UNITED
STATES AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 20: CANADA
AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028 (IN $ MILLION)