The North America Automated Fare Collection System Market would witness market growth of 14.9% CAGR during the forecast period (2020-2026). AFC systems include automated ticketing machines, card replacement terminals, gate machines and ticket control machines. Rising demand for trouble-free and reliable transport systems is expected to be one of the main factors driving the market. Increased use of plastic currency, real-time payments and digital payment gateways such as debit card, credit card and Near Field Communication ( NFC) payment applications are also anticipated to push market growth during the forecast period. These applications are increasingly replacing traditional ticketing systems because of their advantages, such as improved process management, revenue generation, prevention of financial fraud and superior system planning.
They enable operators to increase the transaction rate and the processing efficiency of the overall price collection process, while reducing waiting time and removing the need for physical currency management. Automated fare collection systems can be used in a variety of high-traffic areas, including commercial offices, government buildings, parking spaces, amusement and entertainment parks, highway toll collection centers and public transit stations.
The rapid growth of public infrastructure in developed countries around the world has provided many opportunities for the market. In addition, increased regional convergence between system providers and transit authorities, such as airports, rail and parking lots, is also driving market growth. Increased use of cellular networks, smartphones and contactless technology for digital transactions, along with flexible tariff plans provided by these systems, is expected to fuel market growth.
Based on Technology Platform, the market is segmented into Smart Card, Optical Character Recognition, Near Field Communication and Others. Based on Component, the market is segmented into Hardware and Software. Based on End User, the market is segmented into Railway, Toll, Parking, Bus and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Automated Fare Collection System Market in North America is expected to register a CAGR of 14.9% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Omron Corporation, Atos Group, Dormakaba Holding AG, LG Corporation, NXP Semiconductors N.V., Samsung Electronics Co., Ltd. (Samsung Group), Thales Group S.A., Cubic Corporation, LECIP Holdings Corporation, and Scheidt & Bachmann GmbH.
Scope of the North America Automated Fare Collection System Market Analysis
Market Segmentation:
By Technology Platform
- Smart Card
- Optical Character Recognition
- Near Field Communication
- Others
By Component
By End-User
- Railway
- Toll
- Parking
- Bus
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- Omron Corporation
- Atos Group
- Dormakaba Holding AG
- LG Corporation
- NXP Semiconductors N.V.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Thales Group S.A.
- Cubic Corporation
- LECIP Holdings Corporation
- Scheidt & Bachmann GmbH
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automated Fare Collection System Market, by Technology Platform
1.4.2 North America Automated Fare Collection System Market, by Component
1.4.3 North America Automated Fare Collection System Market, by End User
1.4.4 North America Automated Fare Collection System Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Automated Fare Collection System Market by Technology Platform
3.1 North America Smart Card Automated Fare Collection System Market by Country
3.2 North America Optical Character Recognition Automated Fare Collection System Market by Country
3.3 North America Near Field Communication Automated Fare Collection System Market by Country
3.4 North America Other Technology Platform Automated Fare Collection System Market by Country
Chapter 4. North America Automated Fare Collection System Market by Component
4.1 North America Hardware Automated Fare Collection System Market by Country
4.2 North America Software Automated Fare Collection System Market by Country
Chapter 5. North America Automated Fare Collection System Market by End Use
5.1 North America Railway Automated Fare Collection System Market by Country
5.2 North America Toll Automated Fare Collection System Market by Country
5.3 North America Parking Automated Fare Collection System Market by Country
5.4 North America Bus Automated Fare Collection System Market by Country
5.5 North America Others Automated Fare Collection System Market by Country
Chapter 6. North America Automated Fare Collection System Market by Country
6.1 US Automated Fare Collection System Market
6.1.1 US Automated Fare Collection System Market by Technology Platform
6.1.2 US Automated Fare Collection System Market by Component
6.1.3 US Automated Fare Collection System Market by End Use
6.2 Canada Automated Fare Collection System Market
6.2.1 Canada Automated Fare Collection System Market by Technology Platform
6.2.2 Canada Automated Fare Collection System Market by Component
6.2.3 Canada Automated Fare Collection System Market by End Use
6.3 Mexico Automated Fare Collection System Market
6.3.1 Mexico Automated Fare Collection System Market by Technology Platform
6.3.2 Mexico Automated Fare Collection System Market by Component
6.3.3 Mexico Automated Fare Collection System Market by End Use
6.4 Rest of North America Automated Fare Collection System Market
6.4.1 Rest of North America Automated Fare Collection System Market by Technology Platform
6.4.2 Rest of North America Automated Fare Collection System Market by Component
6.4.3 Rest of North America Automated Fare Collection System Market by End Use
Chapter 7. Company Profiles
7.1 Omron Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 Atos Group
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 SWOT Analysis
7.3 Dormakaba Holding AG
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 LG Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 SWOT Analysis
7.5 NXP Semiconductors N.V.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expense
7.5.5 SWOT Analysis
7.6 Samsung Electronics Co., Ltd. (Samsung Group)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.6 SWOT Analysis
7.7 Thales Group S.A.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research and Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.6 SWOT Analysis
7.8 Cubic Corporation
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research and Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.8.5.2 Acquisition and Mergers:
7.9 LECIP Holdings Corporation
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental Analysis
7.9.4 Recent strategies and developments:
7.9.4.1 Product Launches and Product Expansions:
7.1 Scheidt & Bachmann GmbH
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 North America Automated Fare Collection System Market, 2016 - 2019, USD Million
TABLE 2 North America Automated Fare Collection System Market, 2020 - 2026, USD Million
TABLE 3 North America Automated Fare Collection System Market by Technology Platform, 2016 - 2019, USD Million
TABLE 4 North America Automated Fare Collection System Market by Technology Platform, 2020 - 2026, USD Million
TABLE 5 North America Smart Card Automated Fare Collection System Market by Country, 2016 - 2019, USD Million
TABLE 6 North America Smart Card Automated Fare Collection System Market by Country, 2020 - 2026, USD Million
TABLE 7 North America Optical Character Recognition Automated Fare Collection System Market by Country, 2016 - 2019, USD Million
TABLE 8 North America Optical Character Recognition Automated Fare Collection System Market by Country, 2020 - 2026, USD Million
TABLE 9 North America Near Field Communication Automated Fare Collection System Market by Country, 2016 - 2019, USD Million
TABLE 10 North America Near Field Communication Automated Fare Collection System Market by Country, 2020 - 2026, USD Million
TABLE 11 North America Other Technology Platform Automated Fare Collection System Market by Country, 2016 - 2019, USD Million
TABLE 12 North America Other Technology Platform Automated Fare Collection System Market by Country, 2020 - 2026, USD Million
TABLE 13 North America Automated Fare Collection System Market by Component, 2016 - 2019, USD Million
TABLE 14 North America Automated Fare Collection System Market by Component, 2020 - 2026, USD Million
TABLE 15 North America Hardware Automated Fare Collection System Market by Country, 2016 - 2019, USD Million
TABLE 16 North America Hardware Automated Fare Collection System Market by Country, 2020 - 2026, USD Million
TABLE 17 North America Software Automated Fare Collection System Market by Country, 2016 - 2019, USD Million
TABLE 18 North America Software Automated Fare Collection System Market by Country, 2020 - 2026, USD Million
TABLE 19 North America Automated Fare Collection System Market by End Use, 2016 - 2019, USD Million
TABLE 20 North America Automated Fare Collection System Market by End Use, 2020 - 2026, USD Million
TABLE 21 North America Railway Automated Fare Collection System Market by Country, 2016 - 2019, USD Million
TABLE 22 North America Railway Automated Fare Collection System Market by Country, 2020 - 2026, USD Million
TABLE 23 North America Toll Automated Fare Collection System Market by Country, 2016 - 2019, USD Million
TABLE 24 North America Toll Automated Fare Collection System Market by Country, 2020 - 2026, USD Million
TABLE 25 North America Parking Automated Fare Collection System Market by Country, 2016 - 2019, USD Million
TABLE 26 North America Parking Automated Fare Collection System Market by Country, 2020 - 2026, USD Million
TABLE 27 North America Bus Automated Fare Collection System Market by Country, 2016 - 2019, USD Million
TABLE 28 North America Bus Automated Fare Collection System Market by Country, 2020 - 2026, USD Million
TABLE 29 North America Others Automated Fare Collection System Market by Country, 2016 - 2019, USD Million
TABLE 30 North America Others Automated Fare Collection System Market by Country, 2020 - 2026, USD Million
TABLE 31 North America Automated Fare Collection System Market by Country, 2016 - 2019, USD Million
TABLE 32 North America Automated Fare Collection System Market by Country, 2020 - 2026, USD Million
TABLE 33 US Automated Fare Collection System Market, 2016 - 2019, USD Million
TABLE 34 US Automated Fare Collection System Market, 2020 - 2026, USD Million
TABLE 35 US Automated Fare Collection System Market by Technology Platform, 2016 - 2019, USD Million
TABLE 36 US Automated Fare Collection System Market by Technology Platform, 2020 - 2026, USD Million
TABLE 37 US Automated Fare Collection System Market by Component, 2016 - 2019, USD Million
TABLE 38 US Automated Fare Collection System Market by Component, 2020 - 2026, USD Million
TABLE 39 US Automated Fare Collection System Market by End Use, 2016 - 2019, USD Million
TABLE 40 US Automated Fare Collection System Market by End Use, 2020 - 2026, USD Million
TABLE 41 Canada Automated Fare Collection System Market, 2016 - 2019, USD Million
TABLE 42 Canada Automated Fare Collection System Market, 2020 - 2026, USD Million
TABLE 43 Canada Automated Fare Collection System Market by Technology Platform, 2016 - 2019, USD Million
TABLE 44 Canada Automated Fare Collection System Market by Technology Platform, 2020 - 2026, USD Million
TABLE 45 Canada Automated Fare Collection System Market by Component, 2016 - 2019, USD Million
TABLE 46 Canada Automated Fare Collection System Market by Component, 2020 - 2026, USD Million
TABLE 47 Canada Automated Fare Collection System Market by End Use, 2016 - 2019, USD Million
TABLE 48 Canada Automated Fare Collection System Market by End Use, 2020 - 2026, USD Million
TABLE 49 Mexico Automated Fare Collection System Market, 2016 - 2019, USD Million
TABLE 50 Mexico Automated Fare Collection System Market, 2020 - 2026, USD Million
TABLE 51 Mexico Automated Fare Collection System Market by Technology Platform, 2016 - 2019, USD Million
TABLE 52 Mexico Automated Fare Collection System Market by Technology Platform, 2020 - 2026, USD Million
TABLE 53 Mexico Automated Fare Collection System Market by Component, 2016 - 2019, USD Million
TABLE 54 Mexico Automated Fare Collection System Market by Component, 2020 - 2026, USD Million
TABLE 55 Mexico Automated Fare Collection System Market by End Use, 2016 - 2019, USD Million
TABLE 56 Mexico Automated Fare Collection System Market by End Use, 2020 - 2026, USD Million
TABLE 57 Rest of North America Automated Fare Collection System Market, 2016 - 2019, USD Million
TABLE 58 Rest of North America Automated Fare Collection System Market, 2020 - 2026, USD Million
TABLE 59 Rest of North America Automated Fare Collection System Market by Technology Platform, 2016 - 2019, USD Million
TABLE 60 Rest of North America Automated Fare Collection System Market by Technology Platform, 2020 - 2026, USD Million
TABLE 61 Rest of North America Automated Fare Collection System Market by Component, 2016 - 2019, USD Million
TABLE 62 Rest of North America Automated Fare Collection System Market by Component, 2020 - 2026, USD Million
TABLE 63 Rest of North America Automated Fare Collection System Market by End Use, 2016 - 2019, USD Million
TABLE 64 Rest of North America Automated Fare Collection System Market by End Use, 2020 - 2026, USD Million
TABLE 65 Key Information – Omron Corporation
TABLE 66 key information – Atos Group
TABLE 67 Key Information – Dormakaba Holding AG
TABLE 68 Key Information – LG Corporation
TABLE 69 Key Information – NXP Semiconductors N.V.
TABLE 70 Key Information –Samsung Electronics Co., Ltd.
TABLE 71 key information – Thales Group S.A.
TABLE 72 Key Information – Cubic Corporation
TABLE 73 Key Information – LECIP Holdings Corporation
TABLE 74 key Information – Scheidt & Bachmann GmbH
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Omron Corporation
FIG 3 SWOT Analysis: Atos Group
FIG 4 Swot analysis: LG Corporation
FIG 5 Swot analysis: NXP semiconductors N.V.
FIG 6 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 7 SWOT Analysis: Thales Group S.A.
FIG 8 Recent strategies and developments: Cubic Corporation