NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET FORECAST 2020-2028

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NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET FORECAST 2020-2028

The North America automated fare collection system market is anticipated to register a CAGR of 10.50% during the forecast period of 2020-2028. The factors enhancing market growth in the region are technological advancements in contactless smart cards, heavy investments by the prominent players in the automated fare collection system solutions, and the launch of new products. In order to understand the North America automated fare collection system market growth, the region is divided into the United States and Canada.

NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET FORECAST 2020-2028

North America 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 North America automated fare collection system market is anticipated to register a CAGR of 10.50% during the forecast period of 2020-2028. The factors enhancing market growth in the region are technological advancements in contactless smart cards, heavy investments by the prominent players in the automated fare collection system solutions, and the launch of new products.

North America Automated Fare Collection System

In order to understand the North America automated fare collection system market growth, the region is divided into the United States and Canada. In the United States, smart card systems provided on a turnkey basis are used in most of the major metropolitan areas. The transportation agencies have been receptive to contactless bank cards, in the last few years. Two of the U.S. Transit Authority, UTA and CTA, have operational and competent fare collection systems that accept open contactless bank cards. Also, SEPTA is now shifting to contactless bank card payments. A metro card can function in regular mode and unlimited ride. The card looks similar physically irrespective of its model, so one can make out the difference only by swiping it in a card reader. The metro card costs just $1, and there is an all-white single ride ticket for $3.There are many distinguished players in the United States in the automated fare collection system. Advantech is an intelligent transportation system provider, including automatic fare collection systems. Such factors facilitate market growth.

Cubic Transport Systems, Inc, a unit of Cubic Corporation, brings together various components of payment and information technology and services for intelligent travel solutions. CTS provides tools for travelers to choose the smartest and easiest way to travel and pay for it, permitting travel authorities to manage demand across the entire transportation network simultaneously.

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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
    •    NORTH AMERICA
      • UNITED STATES
      • CANADA
  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: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, BY COMPONENT, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

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

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

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

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

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

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

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

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

TABLE 11: NORTH AMERICA 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: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2019

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

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

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

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

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

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

FIGURE 12: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2019

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

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

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

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

FIGURE 17: NORTH AMERICA AUTOMATED FARE COLLECTION SYSTEM MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019

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

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

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

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

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

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

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

  1. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • UNITED STATES
      • CANADA
  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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