ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET FORECAST 2020-2028

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ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET FORECAST 2020-2028

The Asia Pacific automated fare collection system market is anticipated to record significant growth at a CAGR of 13.02% during the estimated period of 2020-2028. The factors contributing to the growth of the market in the region are the rise in approval of contactless smart cards, and the thriving e-commerce. The growth of the Asia Pacific automated fare collection system market is further analyzed by segregating the region into countries such as India, South Korea, Australia & New Zealand, Japan, Vietnam, Thailand, Indonesia, China, and the rest of Asia Pacific.

ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET FORECAST 2020-2028

Asia-Pacific Automated Fare Collection System Market by Component (Hardware (Validators, Turnstiles, Ticket Vending Machines, Other Hardware Components), Software) by Technology (Smart Card, OCR (Optical Character Recognition), NFC (Near Field Communication), Other Technologies) by Application (Bus, Train, Toll, Car) and by Geography.

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The Asia Pacific automated fare collection system market is anticipated to record significant growth at a CAGR of 13.02% during the estimated period of 2020-2028. The factors contributing to the growth of the market in the region are the rise in approval of contactless smart cards, and the thriving e-commerce.

Asia Pacific Automated Fare Collection System

The growth of the Asia Pacific automated fare collection system market is further analyzed by segregating the region into countries such as India, South Korea, Australia & New Zealand, Japan, Vietnam, Thailand, Indonesia, China, and the rest of Asia Pacific. In China, the Yikatong card is a contactless smart card valid for nearly all means of transport in the city. This ordinary transportation card is available for everyone, and this card can be used for payments in some convenience stores, supermarkets, pharmacies, and 20 parks. A considerable number of drivers in China own electronic toll collection devices that enable automatic payment. In countries like Japan, JR East spearheaded the use of transport smart cards.

India launched an automated fare collection system initiative called One Nation One Card in 2019, a smart card for all modes of public transport. An indigenously developed card, the card will operate under the government-backed payment platform Rupay. The main purpose of this card is to make the payment system easier for all modes of public transport. Such factors augment the overall market growth.

LG CNS, a subsidiary of LG Corporation, provides highly efficient and 24/7 uninterrupted IT services to customers worldwide. It was the first company from Korea to carry out a traffic card project in Europe.

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  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES `
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • PARENT MARKET ANALYSIS: AUTOMATION MARKET
    • MARKET DEFINITION
    •    KEY DRIVERS
      • RISING USE OF SMARTPHONES
      • LESS PROBABILITY OF FRAUDS AND COUNTERFEITING
      • CUSTOMIZABLE & FLEXIBLE FARE PLANS
      • ADVANCEMENT OF TRANSPORTATION INFRASTRUCTURE
      • EFFECTIVE AND EFFICIENT PROCESS
      • ADVANTAGES OF CONTACTLESS PAYMENT SYSTEM
    •    KEY RESTRAINTS
      • PROJECT DELAY AND FUNDING PROBLEMS
      • HIGH INITIAL INVESTMENT
  1. KEY ANALYTICS
    • KEY INVESTMENT INSIGHTS
    •    PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
  2. MARKET BY COMPONENT
    •    HARDWARE
      • VALIDATORS
      • TURNSTILES
      • TICKET VENDING MACHINES
      • OTHER HARDWARE COMPONENTS
    • SOFTWARE
  3. MARKET BY TECHNOLOGY
    • SMART CARD
    • OCR (OPTICAL CHARACTER RECOGNITION)
    • NFC (NEAR FIELD COMMUNICATION)
    • OTHER TECHNOLOGIES
  4. MARKET BY APPLICATION
    • BUS
    • TRAIN
    • TOLL
    • CAR
  5. GEOGRAPHICAL ANALYSIS
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA & NEW ZEALAND
      • THAILAND
      • INDONESIA
      • VIETNAM
      • REST OF ASIA PACIFIC
  1. COMPANY PROFILES
    • LG CNS
    • OMRON CORPORATION
    • SAMSUNG SDS
    • SCHEIDT & BACHMANN GMBH
    • CUBIC TRANSPORTATION SYSTEMS INC
    • ATOS SE
    • DORMAKABA HOLDING
    • LECIP HOLDINGS CORPORATION
    • NXP SEMICONDUCTORS
    • THALES GROUP

TABLE LIST

TABLE 1: MARKET SNAPSHOT – AUTOMATED FARE COLLECTION SYSTEM

TABLE 2: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 4: ASIA PACIFIC HARDWARE COMPONENT MARKET, BY TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: ASIA PACIFIC HARDWARE COMPONENT MARKET, BY TYPE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 6: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, FORECAST YEARS, 2020-2028 (IN $ MILLION)    `

TABLE 8: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 9: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 10: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

FIGURE LIST 

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2019

FIGURE 6: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY HARDWARE COMPONENT, 2020-2028 (IN $ MILLION)

FIGURE 7: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM HARDWARE MARKET, BY VALIDATORS, 2020-2028 (IN $ MILLION)

FIGURE 8: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM HARDWARE MARKET, BY TURNSTILES, 2020-2028 (IN $ MILLION)

FIGURE 9: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM HARDWARE MARKET, BY TICKET VENDING MACHINES, 2020-2028 (IN $ MILLION)

FIGURE 10: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER HARDWARE COMPONENTS, 2020-2028 (IN $ MILLION)

FIGURE 11: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SOFTWARE COMPONENT, 2020-2028 (IN $ MILLION)

FIGURE 12: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019

FIGURE 13: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SMART CARD, 2020-2028 (IN $ MILLION)

FIGURE 14: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OCR, 2020-2028 (IN $ MILLION)

FIGURE 15: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY NFC, 2020-2028 (IN $ MILLION)

FIGURE 16: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER TECHNOLOGIES, 2020-2028 (IN $ MILLION)

FIGURE 17: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019

FIGURE 18: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY BUS, 2020-2028 (IN $ MILLION)

FIGURE 19: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TRAIN, 2020-2028 (IN $ MILLION)

FIGURE 20: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TOLL, 2020-2028 (IN $ MILLION)

FIGURE 21: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, BY CAR, 2020-2028 (IN $ MILLION)

FIGURE 22: ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 23: CHINA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2020-2028 (IN $ MILLION)

FIGURE 24: JAPAN AUTOMATED FARE COLLECTION SYSTEM MARKET, 2020-2028 (IN $ MILLION)

FIGURE 25: INDIA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2020-2028 (IN $ MILLION)

FIGURE 26: SOUTH KOREA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2020-2028 (IN $ MILLION)

FIGURE 27: AUSTRALIA & NEW ZEALAND AUTOMATED FARE COLLECTION SYSTEM MARKET, 2020-2028 (IN $ MILLION)

FIGURE 28: THAILAND AUTOMATED FARE COLLECTION SYSTEM MARKET, 2020-2028 (IN $ MILLION)

FIGURE 29: INDONESIA AUTOMATED FARE COLLECTION SYSTEM MARKET, 2020-2028 (IN $ MILLION)

FIGURE 30: VIETNAM AUTOMATED FARE COLLECTION SYSTEM MARKET, 2020-2028 (IN $ MILLION)

FIGURE 31: REST OF ASIA PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET, 2020-2028 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS
    •    ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA & NEW ZEALAND
      • THAILAND
      • INDONESIA
      • VIETNAM
      • REST OF ASIA PACIFIC
  1. MARKET BY COMPONENT
    •    HARDWARE
      • VALIDATORS
      • TURNSTILES
      • TICKET VENDING MACHINES
      • OTHER HARDWARE COMPONENTS
    • SOFTWARE
  2. MARKET BY TECHNOLOGY
    • SMART CARD
    • OCR (OPTICAL CHARACTER RECOGNITION)
    • NFC (NEAR FIELD COMMUNICATION)
    • OTHER TECHNOLOGIES
  3. MARKET BY APPLICATION
    • BUS
    • TRAIN
    • TOLL
    • CAR

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