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Report
Asia-Pacific Automated Fare Collection System Market Forecast 2023-2032
Market Report I 2023-01-09 I 161 Pages I Inkwood Research
KEY FINDINGS
The Asia-Pacific automated fare collection system market is projected to rise with a CAGR of 13.50% during the forecasted years of 2023-2032. The market growth of the region is determined by drivers like the initiatives undertaken to strengthen the transportation framework in the Asia-Pacific, the rise in urban metro projects, as well as the surging adoption of contactless smartcards and online shopping.
MARKET INSIGHTS
The Asia-Pacific automated fare collection system market growth evaluation encompasses the study of South Korea, Indonesia, Thailand, China, Japan, India, Vietnam, Australia & New Zealand, and Rest of Asia Pacific. As per a Ministry of Road Transport and Highways legislation, commercial automobiles issued with a national permit in India must comprise vehicle tracking as well as an RFID electronic tolling tag or FASTag. National permits are characterized as federal sanctions, which authorize commercial vehicles for the transportation of goods across regions in India. This trails a former announcement in the country mandating four-wheeled automobiles' sale with FASTags.
On the other hand, the smartcard ticketing system was first launched in Seoul, South Korea, in 1996. The automated system enables passengers to electronically pay their fares and minimizes delays caused by the method of manual fare collection. In addition, the Korea Highway Corporation is also operating the 'Hi-Pass' electronic toll collecting system as a test project owing to the Intelligent Transportation Systems (ITS) technology. Hence, these factors are projected to fuel the market growth in the Asia-Pacific over the forecast period.
COMPETITIVE INSIGHTS
Some of the leading companies operating in the market are Omron, Samsung SDS, LG CNS, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
2.5. MAJOR MARKET FINDINGS
2.5.1. CONTACTLESS OPEN PAYMENT
2.5.2. EFFICIENT TRANSACTION PROCESS
2.5.3. CUSTOMIZED TRAVEL FARE OPTIONS
2.5.4. LOW MANPOWER COST
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. SURGING NUMBER OF SMARTPHONES AND INTERNET SERVICES
3.1.2. LESSER PROBABILITY OF FRAUD AND COUNTERFEITING
3.1.3. ADVANCEMENTS IN TRANSPORTATION INFRASTRUCTURE
3.1.4. ADVANTAGES OF CONTACTLESS PAYMENT SYSTEM
3.2. KEY RESTRAINTS
3.2.1. PROJECT FUNDING CHALLENGES AND HIGH INITIAL INVESTMENTS
4. KEY ANALYTICS
4.1. KEY TECHNOLOGY TRENDS
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1. BUYERS POWER
4.2.2. SUPPLIERS POWER
4.2.3. SUBSTITUTION
4.2.4. NEW ENTRANTS
4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
4.4. MARKET MATURITY ANALYSIS
4.5. MARKET CONCENTRATION ANALYSIS
4.6. VALUE CHAIN ANALYSIS
4.6.1. RESEARCH AND DEVELOPMENT (R&D)
4.6.2. RAW MATERIAL & SOFTWARE SOLUTION SUPPLIERS
4.6.3. ASSEMBLY UNIT
4.6.4. DISTRIBUTION
5. MARKET BY COMPONENT
5.1. HARDWARE
5.2. SOFTWARE
5.3. SERVICES
6. MARKET BY TECHNOLOGY
6.1. SMARTCARDS
6.2. OPTICAL CHARACTER RECOGNITION (OCR)
6.3. NEAR-FIELD COMMUNICATION (NFC)
6.4. OTHER TECHNOLOGIES
7. MARKET BY APPLICATION
7.1. TRANSPORT & LOGISTICS
7.2. PARKING
7.3. MEDIA & ENTERTAINMENT
7.4. OTHER APPLICATIONS
8. GEOGRAPHICAL ANALYSIS
8.1. ASIA-PACIFIC
8.1.1. MARKET ESTIMATES & SIZES
8.1.2. ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET GROWTH DRIVERS
8.1.3. ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET CHALLENGES
8.1.4. ASIA-PACIFIC - KEY GOVERNMENT INITIATIVES
8.1.5. ASIA-PACIFIC - KEY PLAYERS
8.1.6. COUNTRY ANALYSIS
8.1.6.1. CHINA
8.1.6.1.1. CHINA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
8.1.6.2. JAPAN
8.1.6.2.1. JAPAN AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
8.1.6.3. INDIA
8.1.6.3.1. INDIA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
8.1.6.4. SOUTH KOREA
8.1.6.4.1. SOUTH KOREA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
8.1.6.5. INDONESIA
8.1.6.5.1. INDONESIA AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
8.1.6.6. THAILAND
8.1.6.6.1. THAILAND AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
8.1.6.7. VIETNAM
8.1.6.7.1. VIETNAM AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
8.1.6.8. AUSTRALIA & NEW ZEALAND
8.1.6.8.1. AUSTRALIA & NEW ZEALAND AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
8.1.6.9. REST OF ASIA-PACIFIC
8.1.6.9.1. REST OF ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
9. COMPETITIVE LANDSCAPE
9.1. KEY STRATEGIC DEVELOPMENTS
9.1.1. ACQUISITIONS
9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
9.1.3. PARTNERSHIPS & AGREEMENTS
9.2. COMPANY PROFILES
1.1.1. ATOS SE
1.1.1.1. COMPANY OVERVIEW
1.1.1.2. FINANCIAL ANALYSIS
1.1.1.3. PRODUCTS / SERVICES LIST
1.1.1.4. STRENGTHS & CHALLENGES
1.1.2. CUBIC TRANSPORTATION SYSTEMS INC
1.1.2.1. COMPANY OVERVIEW
1.1.2.2. FINANCIAL ANALYSIS
1.1.2.3. PRODUCTS / SERVICES LIST
1.1.2.4. STRENGTHS & CHALLENGES
1.1.3. DORMAKABA GROUP
1.1.3.1. COMPANY OVERVIEW
1.1.3.2. FINANCIAL ANALYSIS
1.1.3.3. PRODUCTS / SERVICES LIST
1.1.3.4. STRENGTHS & CHALLENGES
1.1.4. LECIP HOLDINGS CORPORATION
1.1.4.1. COMPANY OVERVIEW
1.1.4.2. FINANCIAL ANALYSIS
1.1.4.3. PRODUCTS / SERVICES LIST
1.1.4.4. STRENGTHS & CHALLENGES
1.1.5. LG CNS
1.1.5.1. COMPANY OVERVIEW
1.1.5.2. FINANCIAL ANALYSIS
1.1.5.3. PRODUCTS / SERVICES LIST
1.1.5.4. STRENGTHS & CHALLENGES
1.1.6. NXP SEMICONDUCTORS NV
9.2.1.1. COMPANY OVERVIEW
9.2.1.2. FINANCIAL ANALYSIS
9.2.1.3. PRODUCTS / SERVICES LIST
9.2.1.4. STRENGTHS & CHALLENGES
1.1.7. OMRON CORPORATION
1.1.7.1. COMPANY OVERVIEW
1.1.7.2. FINANCIAL ANALYSIS
1.1.7.3. PRODUCTS / SERVICES LIST
1.1.7.4. STRENGTHS & CHALLENGES
1.1.8. SAMSUNG SDS
1.1.8.1. COMPANY OVERVIEW
1.1.8.2. FINANCIAL ANALYSIS
1.1.8.3. PRODUCTS / SERVICES LIST
1.1.8.4. STRENGTHS & CHALLENGES
1.1.9. SCHEIDT & BACHMANN GMBH
1.1.9.1. COMPANY OVERVIEW
1.1.9.2. FINANCIAL ANALYSIS
1.1.9.3. PRODUCTS / SERVICES LIST
1.1.9.4. STRENGTHS & CHALLENGES
1.1.10. THALES GROUP
1.1.10.1. COMPANY OVERVIEW
1.1.10.2. FINANCIAL ANALYSIS
1.1.10.3. PRODUCTS / SERVICES LIST
1.1.10.4. STRENGTHS & CHALLENGES
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - AUTOMATED FARE COLLECTION SYSTEM
TABLE 2: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC - KEY GOVERNMENT INITIATIVES
TABLE 11: LEADING PLAYERS OPERATING IN ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET
TABLE 12: LIST OF ACQUISITIONS
TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS
LIST OF FIGURES
FIGURE 1: KEY TECHNOLOGY TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2022
FIGURE 7: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY HARDWARE, 2023-2032 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SOFTWARE, 2023-2032 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SERVICES, 2023-2032 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2022
FIGURE 11: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SMARTCARDS, 2023-2032 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OPTICAL CHARACTER RECOGNITION (OCR), 2023-2032 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY NEAR-FIELD COMMUNICATION (NFC), 2023-2032 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER TECHNOLOGIES, 2023-2032 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022
FIGURE 16: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TRANSPORT & LOGISTICS, 2023-2032 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY PARKING, 2023-2032 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY MEDIA & ENTERTAINMENT, 2023-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 21: CHINA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 22: JAPAN AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 23: INDIA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 24: SOUTH KOREA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 25: INDONESIA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 26: THAILAND AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 27: VIETNAM AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 28: AUSTRALIA & NEW ZEALAND AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 29: REST OF ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 30: ATOS SE- REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 31: ATOS SE - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 32: ATOS SE - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 33: CUBIC TRANSPORTATION - REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 34: CUBIC TRANSPORTATION - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 35: CUBIC TRANSPORTATION - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 36: DORMAKABA GROUP - REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 37: DORMAKABA GROUP - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 38: DORMAKABA GROUP - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 39: LECIP HOLDINGS CORPORATION - REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 40: LECIP HOLDINGS CORPORATION - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 41: LECIP HOLDINGS CORPORATION - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 42: LG CNS - REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 43: LG CNS - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 44: LG CNS - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 45: NXP SEMICONDUCTORS N.V. - REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 46: NXP SEMICONDUCTORS N.V. - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 47: NXP SEMICONDUCTORS N.V. - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 48: OMRON CORPORATION - REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 49: OMRON CORPORATION - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 50: OMRON CORPORATION - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 51: SAMSUNG SDS - REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 52: SAMSUNG SDS - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 53: SAMSUNG SDS - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 54: SCHEIDT & BACHMANN GMBH - REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 55: SCHEIDT & BACHMANN GMBH - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 56: SCHEIDT & BACHMANN GMBH - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 57: THALES GROUP - REVENUE 2017 - 2021 (IN $ MILLION)
FIGURE 58: THALES GROUP - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 59: THALES GROUP - REVENUE BY SEGMENT IN 2021 (IN %)
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