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EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Europe Automated Fare Collection System Market by Component (Hardware, Software, Services) Market by Technology (Smartcards, Optical Character Recognition, Near-field Communication, Other Technologies) Market by Application (Transport & Logistics, Parking, Media & Entertainment, Other Applications) by Geography

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MARKET OVERVIEW

The Europe automated fare collection system market is predicted to develop with a CAGR of 10.19% during the estimated years of 2023 to 2032, acquiring a revenue share of $4650.50 million by 2032.

The rising expenditure by European nations for the improvement of transport infrastructure, funding initiatives by major banks, such as the European Bank for Reconstruction and Development (EBRD), and the increasing need for offering seamless travel experiences to tourists are among the key drivers associated with the market growth of the region.

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The Europe automated fare collection system market growth assessment constitutes the evaluation of the United Kingdom, Italy, Poland, Germany, France, Spain, and Rest of Europe. The United Kingdom’s bus sector has rolled out cEMVs across 100% of the nation’s Big 5’5 bus fleet. An average of around 25% of the United Kingdom’s bus journeys made outside London are undertaken using a cEMV credit, debit, or prepaid card, as well. Aligning with this, London continues to witness significant growth in the adoption of contactless payment methods, with nearly 54% of Pay-As-You-Go (PAYG) journeys completed using contactless payment cards as well as devices. Likewise, mobile wallet-based payments are on the rise, representing 16% of total journeys. Regional plans are also being implemented, with city-wide cEMV acceptance in Edinburgh, in addition to contactless launches on the tram network in Manchester recently being announced.

On the other hand, automated fare collection systems have been installed in France since 2004 by the collaboration between Parkeon, formerly known as the parking and ticketing division of Schlumberger, as well as ERG Transit Systems (Fra) SA, a leader in smartcard-based fare management and collection systems. Moreover, Paris Visite, the Paris Transport travel card, enables unlimited travel on the metro, bus, tramway, and RER networks in the city as well as its suburbs. The travel card is also ideal for individuals seeking unrestricted trips across the Ile-de-France region. Therefore, these factors are set to facilitate the automated fare collection system market growth in Europe during the forecast period.

The Europe automated fare collection system market is segmented into component, technology, and application. The application segment includes transport & logistics, parking, media & entertainment, and other applications. Automated fare collection (AFC) has observed significant growth in the railway industry. The system comprises ticket office machines (TOMs), ticket vending machines (TVMs), add value machines (AVMs), and fare gates installed at railway stations, integrated with electronically programmed data content in order to notify the usage and validity of tickets.

Conversely, traditional parking lots only accept coin or cash payments and are thus inconvenient for government organizations and users. Moreover, public agencies must also handle cash when collecting fees, thereby increasing operational costs. In this regard, automated fare collection systems provide governments as well as parking operators with numerous advantages, including enhanced fare management and control, minimized operational expenses, and decreased cruising time and congestion on roads.

Some of the main companies operating in the Europe automated fare collection system market include Scheidt & Bachmann GmbH, NXP Semiconductors, Atos SE, etc.

Thales Group, headquartered in France, is a multinational company engaged in digital and ‘deep techs’ innovations such as artificial intelligence, big data, cybersecurity, connectivity, and quantum technology. The company operates in Europe, America, Asia-Pacific, and the Middle East & Africa.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Component, Technology, Application
Countries AnalyzedThe United Kingdom, Italy, Poland, Germany, France, Spain, Rest of Europe
Companies AnalyzedLG CNS, Atos SE, Cubic Transportation Systems Inc, Dormakaba Group, Lecip Holdings Corporation, Scheidt & Bachmann GmbH, NXP Semiconductors NV, Omron Corporation, Samsung SDS, Thales Group

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. CONTACTLESS OPEN PAYMENT
      2. EFFICIENT TRANSACTION PROCESS
      3. CUSTOMIZED TRAVEL FARE OPTIONS
      4. LOW MANPOWER COST
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. SURGING NUMBER OF SMARTPHONES AND INTERNET SERVICES
      2. LESSER PROBABILITY OF FRAUD AND COUNTERFEITING
      3. ADVANCEMENTS IN TRANSPORTATION INFRASTRUCTURE
      4. ADVANTAGES OF CONTACTLESS PAYMENT SYSTEM
    2. KEY RESTRAINTS
      1. PROJECT FUNDING CHALLENGES AND HIGH INITIAL INVESTMENTS
  4. KEY ANALYTICS
    1. KEY TECHNOLOGY TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
      1. RESEARCH AND DEVELOPMENT (R&D)
      2. RAW MATERIAL & SOFTWARE SOLUTION SUPPLIERS
      3. ASSEMBLY UNIT
      4. DISTRIBUTION
  5. MARKET BY COMPONENT
    1. HARDWARE
    2. SOFTWARE
    3. SERVICES
  6. MARKET BY TECHNOLOGY
    1. SMARTCARDS
    2. OPTICAL CHARACTER RECOGNITION (OCR)
    3. NEAR-FIELD COMMUNICATION (NFC)
    4. OTHER TECHNOLOGIES
  7. MARKET BY APPLICATION
    1. TRANSPORT & LOGISTICS
    2. PARKING
    3. MEDIA & ENTERTAINMENT
    4. OTHER APPLICATIONS
  8. GEOGRAPHICAL ANALYSIS
    1. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET GROWTH DRIVERS
      3. EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET CHALLENGES
      4. EUROPE – KEY GOVERNMENT INITIATIVES
      5. EUROPE – KEY PLAYERS
      6. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        6. POLAND
          1. POLAND AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
        7. REST OF EUROPE
          1. REST OF EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET SIZE & OPPORTUNITIES
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
    2. COMPANY PROFILES
      1. ATOS SE
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      2. CUBIC TRANSPORTATION SYSTEMS INC
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      3. DORMAKABA GROUP
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      4. LECIP HOLDINGS CORPORATION
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      5. LG CNS
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      6. NXP SEMICONDUCTORS NV
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      7. OMRON CORPORATION
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      8. SAMSUNG SDS
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      9. SCHEIDT & BACHMANN GMBH
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES
      10. THALES GROUP
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – AUTOMATED FARE COLLECTION SYSTEM

TABLE 2: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 3: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 5: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TECHNOLOGY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 7: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 9: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: EUROPE – KEY GOVERNMENT INITIATIVES

TABLE 11: LEADING PLAYERS OPERATING IN EUROPE 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: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2022

FIGURE 7: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY HARDWARE, 2023-2032 (IN $ MILLION)

FIGURE 8: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SOFTWARE, 2023-2032 (IN $ MILLION)

FIGURE 9: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SERVICES, 2023-2032 (IN $ MILLION)

FIGURE 10: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2022

FIGURE 11: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY SMARTCARDS, 2023-2032 (IN $ MILLION)

FIGURE 12: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OPTICAL CHARACTER RECOGNITION (OCR), 2023-2032 (IN $ MILLION)

FIGURE 13: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY NEAR-FIELD COMMUNICATION (NFC), 2023-2032 (IN $ MILLION)

FIGURE 14: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER TECHNOLOGIES, 2023-2032 (IN $ MILLION)

FIGURE 15: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 16: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY TRANSPORT & LOGISTICS, 2023-2032 (IN $ MILLION)

FIGURE 17: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY PARKING, 2023-2032 (IN $ MILLION)

FIGURE 18: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY MEDIA & ENTERTAINMENT, 2023-2032 (IN $ MILLION)

FIGURE 19: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)

FIGURE 20: EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 21: UNITED KINGDOM AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 22: GERMANY AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 23: FRANCE AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 24: ITALY AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 25: SPAIN AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 26: POLAND AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 27: REST OF EUROPE AUTOMATED FARE COLLECTION SYSTEM MARKET, 2023-2032 (IN $ MILLION)

FIGURE 28: ATOS SE– REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 29: ATOS SE – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 30: ATOS SE – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 31: CUBIC TRANSPORTATION – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 32: CUBIC TRANSPORTATION – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 33: CUBIC TRANSPORTATION – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 34: DORMAKABA GROUP – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 35: DORMAKABA GROUP – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 36: DORMAKABA GROUP – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 37: LECIP HOLDINGS CORPORATION – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 38: LECIP HOLDINGS CORPORATION – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 39: LECIP HOLDINGS CORPORATION – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 40: LG CNS – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 41: LG CNS – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 42: LG CNS – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 43: NXP SEMICONDUCTORS NV – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 44: NXP SEMICONDUCTORS NV – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 45: NXP SEMICONDUCTORS NV – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 46: OMRON CORPORATION – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 47: OMRON CORPORATION – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 48: OMRON CORPORATION – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 49: SAMSUNG SDS – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 50: SAMSUNG SDS – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 51: SAMSUNG SDS – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 52: SCHEIDT & BACHMANN GMBH – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 53: SCHEIDT & BACHMANN GMBH – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 54: SCHEIDT & BACHMANN GMBH – REVENUE BY SEGMENT IN 2021 (IN %)

FIGURE 55: THALES GROUP – REVENUE 2017 -2021 (IN $ MILLION)

FIGURE 56: THALES GROUP – NET PROFIT 2017 – 2021 (IN $ MILLION)

FIGURE 57: THALES GROUP – REVENUE BY SEGMENT IN 2021 (IN %)

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