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Report
North America Automated Fare Collection System Market Forecast 2023-2032
Market Report I 2023-01-09 I 148 Pages I Inkwood Research
KEY FINDINGS
The North America automated fare collection system market is estimated to grow with a CAGR of 9.91% during the forecasted period of 2023-2032. Some of the key drivers propelling the market growth of the region include significant investments in automated fare collection system solutions, the increasing need for contactless smartcards and NFC technology, and the surge in road accidents and traffic congestion.
MARKET INSIGHTS
The North America automated fare collection system market growth evaluation covers the study of Canada and the United States. Canada is one of the initial adopters of automated fare collection systems globally. Aligning with this, in 2007, Brantford Transit in Brantford, Ontario, was the first Canadian city to install the complete BEA Automated Fare Collection System (AFCS), comprising smartcard readers and fareboxes.
Conversely, for the preventive measures against the spread of the novel coronavirus, OC Transpo entered into an agreement with Scheidt & Bachmann (S&B) in August 2020 in order to accelerate additional contactless fare payment technology on its O-Train stations as well as bus fleet with fare gates. The project was set to be initiated by the end of 2021 and, subsequently, will accept payments through MasterCard, Apple Pay, Visa, and Google Pay. Therefore, the abovementioned factors are projected to augment the North America automated fare collection system market growth over the forecast years.
COMPETITIVE INSIGHTS
Eminent players operating in the market are Thales Group, Lecip Holdings Corporation, Cubic Transportation Systems Inc, 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. NORTH AMERICA
8.1.1. MARKET SIZE & ESTIMATES
8.1.2. NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET GROWTH DRIVERS
8.1.3. NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET CHALLENGES
8.1.4. NORTH AMERICA - KEY GOVERNMENT INITIATIVES
8.1.5. NORTH AMERICA - KEY PLAYERS
8.1.6. COUNTRY ANALYSIS
8.1.6.1. UNITED STATES
8.1.6.1.1. UNITED STATES AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
8.1.6.2. CANADA
8.1.6.2.1. CANADA 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: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 4: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 6: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 8: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 10: NORTH AMERICA - KEY GOVERNMENT INITIATIVES
TABLE 11: LEADING PLAYERS OPERATING IN NORTH AMERICA 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: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2022
FIGURE 7: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY HARDWARE, 2023-2032 (IN $ MILLION)
FIGURE 8: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SOFTWARE, 2023-2032 (IN $ MILLION)
FIGURE 9: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SERVICES, 2023-2032 (IN $ MILLION)
FIGURE 10: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2022
FIGURE 11: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SMARTCARDS, 2023-2032 (IN $ MILLION)
FIGURE 12: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OPTICAL CHARACTER RECOGNITION (OCR), 2023-2032 (IN $ MILLION)
FIGURE 13: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY NEAR-FIELD COMMUNICATION (NFC), 2023-2032 (IN $ MILLION)
FIGURE 14: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER TECHNOLOGIES, 2023-2032 (IN $ MILLION)
FIGURE 15: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022
FIGURE 16: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TRANSPORT & LOGISTICS, 2023-2032 (IN $ MILLION)
FIGURE 17: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY PARKING, 2023-2032 (IN $ MILLION)
FIGURE 18: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY MEDIA & ENTERTAINMENT, 2023-2032 (IN $ MILLION)
FIGURE 19: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)
FIGURE 20: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 21: UNITED STATES AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 22: CANADA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)
FIGURE 23: ATOS SE- REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 24: ATOS SE - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 25: ATOS SE - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 26: CUBIC TRANSPORTATION - REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 27: CUBIC TRANSPORTATION - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 28: CUBIC TRANSPORTATION - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 29: DORMAKABA GROUP - REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 30: DORMAKABA GROUP - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 31: DORMAKABA GROUP - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 32: LECIP HOLDINGS CORPORATION - REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 33: LECIP HOLDINGS CORPORATION - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 34: LECIP HOLDINGS CORPORATION - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 35: LG CNS - REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 36: LG CNS - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 37: LG CNS - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 38: NXP SEMICONDUCTORS NV - REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 39: NXP SEMICONDUCTORS NV - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 40: NXP SEMICONDUCTORS NV - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 41: OMRON CORPORATION - REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 42: OMRON CORPORATION - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 43: OMRON CORPORATION - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 44: SAMSUNG SDS - REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 45: SAMSUNG SDS - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 46: SAMSUNG SDS - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 47: SCHEIDT & BACHMANN GMBH - REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 48: SCHEIDT & BACHMANN GMBH - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 49: SCHEIDT & BACHMANN GMBH - REVENUE BY SEGMENT IN 2021 (IN %)
FIGURE 50: THALES GROUP - REVENUE 2017 -2021 (IN $ MILLION)
FIGURE 51: THALES GROUP - NET PROFIT 2017 - 2021 (IN $ MILLION)
FIGURE 52: THALES GROUP - REVENUE BY SEGMENT IN 2021 (IN %)
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