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Automated Fare Collection Market: Booming Growth at a 14.2% CAGR to Reach USD 45.85 Billion by 2030

01-13-2025 06:57 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Automated Fare Collection Market

Automated Fare Collection Market

๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ž๐ ๐…๐š๐ซ๐ž ๐‚๐จ๐ฅ๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ญ ๐ญ๐จ ๐‘๐ž๐š๐œ๐ก ๐”๐’๐ƒ ๐Ÿ๐Ÿ’.๐Ÿ—๐Ÿ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ, ๐ƒ๐ซ๐ข๐ฏ๐ž๐ง ๐›๐ฒ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ ๐š๐ง๐ ๐ˆ๐ง๐œ๐ซ๐ž๐š๐ฌ๐ž๐ ๐€๐๐จ๐ฉ๐ญ๐ข๐จ๐ง

The global automated fare collection (AFC) market is poised for significant growth, with a projected CAGR of XX% from 2024 to 2030. Valued at USD XX billion in 2023, the market is expected to reach USD 24.91 billion by the end of the forecast period. This surge is fueled by the increasing adoption of digital payment solutions and technological advancements in public transportation systems.

๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ž๐ ๐…๐š๐ซ๐ž ๐‚๐จ๐ฅ๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ: ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž

Vietnam is witnessing robust growth in the adoption of AFC systems, driven by the government's push for smart urban transportation. Key developments include partnerships between Viettel Group and global technology providers to enhance payment gateways for public transit. Investments in metro and high-speed rail projects further highlight the country's commitment to modernizing its transportation infrastructure.

๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ž๐ ๐…๐š๐ซ๐ž ๐‚๐จ๐ฅ๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐ก๐ข๐ง๐š: ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ž

China dominates the AFC market in Asia, leveraging its extensive public transportation network and advanced digital payment systems. Major players such as Alibaba Group and Tencent are driving innovation with integrated payment solutions. Recent mergers, including UnionPay's collaboration with local transit authorities, underscore the consolidation trend within the industry.

๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ž๐ ๐…๐š๐ซ๐ž ๐‚๐จ๐ฅ๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐: ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž

Thailand's AFC market is expanding rapidly, supported by the government's "Thailand 4.0" initiative. Projects such as the Bangkok Metro expansion are incorporating cutting-edge fare collection technologies. Partnerships with companies like Samsung SDS are enabling the deployment of seamless payment systems, enhancing commuter convenience.

๐‹๐จ๐จ๐ค๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ง๐จ๐ฐ : https://www.maximizemarketresearch.com/request-sample/35458/

๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ž๐ ๐…๐š๐ซ๐ž ๐‚๐จ๐ฅ๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‰๐š๐ฉ๐š๐ง: ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž

Japan continues to lead with advanced AFC solutions, integrating biometric payment technologies into its transportation systems. Companies such as Sony Corporation and Hitachi are spearheading innovations. Recent acquisitions, including Hitachi's strategic partnerships with European AFC providers, have strengthened the country's market position.

๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ž๐ ๐…๐š๐ซ๐ž ๐‚๐จ๐ฅ๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š: ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž

South Korea is embracing NFC-enabled and contactless fare payment technologies, with firms like LG CNS and Kakao Mobility driving this transition. The government's investment in smart city initiatives has further boosted the adoption of AFC systems, positioning the country as a regional leader in technological advancements.

๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ž๐ ๐…๐š๐ซ๐ž ๐‚๐จ๐ฅ๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž: ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž

Singapore's AFC market is characterized by its pioneering use of contactless card systems and mobile payments. The collaboration between EZ-Link and global payment giants like Visa has set benchmarks for efficiency and user convenience. The country's focus on green transportation solutions is also driving innovation in the AFC sector.

๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ž๐ ๐…๐š๐ซ๐ž ๐‚๐จ๐ฅ๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ: ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž

The United States is experiencing significant growth in AFC systems, led by investments in modernizing transit infrastructure. Key players, including Cubic Transportation Systems, are deploying AI-driven fare management solutions. Recent mergers, such as Cubic's acquisition of Delerrok, highlight the market's consolidation trend.

๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ž๐ ๐…๐š๐ซ๐ž ๐‚๐จ๐ฅ๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐„๐ฎ๐ซ๐จ๐ฉ๐ž: ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ž

Europe's AFC market is characterized by advancements in open-loop payment systems and integration with digital wallets. Companies like Thales Group and Siemens are leading the way with innovative solutions. Notable developments include Thales' acquisition of smaller regional players to strengthen its portfolio in automated fare solutions.

๐‹๐จ๐จ๐ค๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ง๐จ๐ฐ :https://www.maximizemarketresearch.com/request-sample/35458/

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐ค๐ž๐ฒ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐Ÿ ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ž๐ ๐…๐š๐ซ๐ž ๐‚๐จ๐ฅ๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ :

๐›๐ฒ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ

Smart Cards
Near Field Communication (NFC)
Magnetic Stripe

The market has been split into three segments based on technology: Near Field Communication (NFC), Smart Cards, and Magnetic Stripe. The Smart Cards subsegment is anticipated to produce the most income out of all of these. Revenue from the Smart Cards subsegment peaked in 2023. As the Automated Fare Collection (AFC) Market's revenue leader in 2023, the Smart Cards subsegment is essential to the global transformation of public transit systems. Secure chips included in contactless payment mechanisms, such as smart cards, enable smooth fare transactions. Commuters can easily access a variety of transit options, including buses, trains, and subways, by using these cards as digital wallets. Smart cards are essential to AFC because they can expedite fare collection, improve customer convenience, and

๐›๐ฒ ๐‚๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ

Hardware
Software

๐›๐ฒ ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ

Ticket Vending Machine (TVM)
Ticket Office Machine (TOM)
Fare Gates
IC Cards

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Railways & Transportation

Parking
Entertainment
Others (Government, Retail)

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž : @https://www.maximizemarketresearch.com/market-report/global-automated-fare-collection-market/35458/

๐‹๐ž๐š๐ซ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ข๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ž๐ ๐…๐š๐ซ๐ž ๐‚๐จ๐ฅ๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ :

North America
1. Cubic Corporation(United States)
2. Visa Inc. (United States)
3. CPI Card Group Inc. (United States)
4. TransCore (United States)
Europe
5. Thales Group (France)
6. NXP Semiconductors (Netherlands)
7. Samsung SDS (South Korea)
8. LG CNS Co., Ltd. (South Korea)
9. Scheidt & Bachmann GmbH (Germany)
10. Siemens AG (Germany)
11. STMicroelectronics (Switzerland)
12. Atos SE (France)
13. Indra Sistemas S.A. (Spain)
14. GMV Innovating Solutions (Spain)

Asia Pacific
15. Huawei Technologies Co., Ltd. (China)
16. Nippon Signal Co., Ltd. (Japan)
17. Vix Technology (Australia)
18. SC Soft (Hong Kong)

๐†๐ž๐ญ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ฌ ๐ญ๐จ ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐š๐ฉ๐ข๐ง๐  ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ž๐ ๐…๐š๐ซ๐ž ๐‚๐จ๐ฅ๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ :

What is Automated Fare Collection ?
What is the growth rate of the Automated Fare Collection Market?
Which are the factors expected to drive the Automated Fare Collection market growth?
What is the CAGR at which the Automated Fare Collection market will grow during the forecast period?
What are the different segments of the Automated Fare Collection Market?
Which is the fastest growing region in the Automated Fare Collection market?
What growth strategies are the players considering to increase their presence in Automated Fare Collection ?
What are the upcoming opportunities and trends for the Automated Fare Collection Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Automated Fare Collection Market?
Who are the leading companies and what are their portfolios in Automated Fare Collection Market?
What segments are covered in the Automated Fare Collection Market?
Who are the key players in the Automated Fare Collection market?

๐†๐š๐ข๐ง ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐š๐ฅ๐ฎ๐š๐›๐ฅ๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/35458/

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ.

Past Size and Competitive Landscape
โ€ข Past Pricing and price curve by region
โ€ข Size, Share, Size Forecast by different segment
โ€ข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โ€ข Segmentation A detailed analysis by segment with their sub-segments and Region
โ€ข Competitive Landscape Profiles of selected key players by region from a strategic perspective

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ global Chatbots Market https://www.maximizemarketresearch.com/market-report/global-chatbots-market-key-trends/7204/

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โ™ฆ Industrial Hemp Market https://www.maximizemarketresearch.com/market-report/global-industrial-hemp-market/33440/

โ™ฆ Global Gaming Market https://www.maximizemarketresearch.com/market-report/global-gaming-market/44697/

โ™ฆ US Artificial Intelligence (AI) Market https://www.maximizemarketresearch.com/market-report/us-artificial-intelligence-ai-market/11352/

โ™ฆ Microcrystalline Cellulose Market https://www.maximizemarketresearch.com/market-report/microcrystalline-cellulose-market/13475/

โ™ฆ Global Agricultural Micronutrients Market https://www.maximizemarketresearch.com/market-report/global-agricultural-micronutrients-market/50434/

โ™ฆ Global Automatic Train Control Market https://www.maximizemarketresearch.com/market-report/global-automatic-train-control-market/29767/

โ™ฆ Geospatial Solutions Market https://www.maximizemarketresearch.com/market-report/global-geospatial-solutions-market/61529/

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