Automatic Fare Collection System (AFC) is a contactless smartcard-based end-to-end solution for fare collection and payment. The state-of-the-art solution is uniquely designed with the demand of revenue services for modern transit operation in mind. Furthermore, with the advent of smartcard technology and proliferation of its business applications, AFC also enables transit operators to expand revenue opportunities, exploit the benefits of payment integration with other transit operators as well as non-transit service providers.
AFC System consists of Central Computer System, Station Computer System and Station Equipment.
Central Computer System
Central Computer System is the AFC management center which is responsible for generating reports, receiving ticketing data from station computer, sending control command, downloading system parameter and ticket price list to station computer.
Station Computer System
The primary role of the Station Computer is to provide the usage data collection, downloading of fare related parameters to the AFC equipment; control, monitoring and management of the AFC equipment. Its secondary role is to provide the station reports (if required) and support the sales office and customer service. It is able to function independently should there be a failure in the communication link with the central computer.
Station Equipment
These are all the front-end equipment/devices, which are used to serve the commuter. These consist of Ticket Vending Machines, Fare Gates, Booking Office Machines, Mobile and Hand-Held Terminals and Ticket Recharging Machines etc. Typically the requirement for each implementation may vary in terms of the quantity of the equipment/devices.
Smart Cards
Smart Cards generally support faster and more flexible fare collection systems. Contactless or Proximity Smart Cards permit faster processing times than magnetic stripe cards or contact smart cards. They also facilitate processing of differentiated fare structures such as time-based and distance-based fare structures and fare integration across several modes and operators. A hybrid or "dual-interface" smart card can expand the application of smart cards beyond transit.
This report focus on the Station Equipment (terminal equipment) of Smart Cards Automated Fare Collection System.
Scope of the Report:Of the major players of Smart Cards Automated Fare Collection Systems, Cubic Corporation maintained its first place in the ranking in 2017. Cubic Corporation accounted for 21.39% of the Global Smart Cards Automated Fare Collection Systems revenue market share in 2017. Other players accounted for 13.00 % and 12.41 %, including The Nippon Signal and Omron Corporation.
On the basis of product type, the Validator segment is projected to account for the largest revenue share during the forecast period; this segment was estimated to account for 83.74 % revenue share in 2017.
In the applications, the Off-Board segment was estimated to account for the highest revenue share of 93.51% in 2017 and is expected to gain significant market share by the end of 2025.
The worldwide market for Smart Cards Automated Fare Collection Systems is expected to grow at a CAGR of roughly 9.6% over the next five years, will reach 1510 million US$ in 2026, from 870 million US$ in 2020, according to a new Our study.
This report focuses on the Smart Cards Automated Fare Collection Systems in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers Cubic Corporation
The Nippon Signal
Omron Corporation
Scheidt & Bachmann
Thales Group
INIT
Huaming
Xerox
GFI Genfare
LECIP
Shanghai Potevio Company Limited
Gunnebo
GMV
Huahong Jitong
GRG Banking
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Farebox
Ticket Vending Machines (TVM)
Validator
Market Segment by Applications, can be divided into Off-Board
On-Board
The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Smart Cards Automated Fare Collection Systems product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Smart Cards Automated Fare Collection Systems, with price, sales, revenue and global market share of Smart Cards Automated Fare Collection Systems in 2018 and 2019.
Chapter 3, the Smart Cards Automated Fare Collection Systems competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Smart Cards Automated Fare Collection Systems breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.
Chapter 12, Smart Cards Automated Fare Collection Systems market forecast, by regions, type and application, with sales and revenue, from 2020 to 2026.
Chapter 13, 14 and 15, to describe Smart Cards Automated Fare Collection Systems sales channel, distributors, customers, research findings and conclusion, appendix and data source.
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
