自動料金収受 (AFC) の世界市場：コンポーネント別・技術別・システム別・用途別・地域別 - 市場分析、規模、シェア、動向、予測 (2020～2026年)
Automated Fare Collection Market, By Component, By Technology, By System, By Application and By Geography - Analysis, Size, Share, Trends, & Forecast from 2020-2026
|自動料金収受 (AFC) の世界市場：コンポーネント別・技術別・システム別・用途別・地域別 - 市場分析、規模、シェア、動向、予測 (2020～2026年)|
発行: AnalystView Market Insights
ページ情報: 英文 257 Pages
世界の自動料金収受 (AFC) の市場規模は、2020年には64億8000万米ドルに達し、更に2020～2026年にかけて11.4％のCAGRで成長する見通しです。市場成長の主な要因として、効率的な交通システムに対する需要の増大や、最新のモバイル決済システム (Apple Pay、PayTMなど) やICカードへの対応強化などが挙げられます。地域別では、北米諸国が最大の市場規模を有する一方、アジア太平洋地域市場の急速な成長が期待されています。
当レポートでは、世界の自動料金収受 (AFC) の市場について分析し、市場の定義や基本構造、主な市場促進・抑制要因、業界の競争力・求心力、市場シェア構造、コンポーネント別・技術別・システム別・用途別・地域別の市場動向見通し (過去5年間・今後7年間分)、主要企業のプロファイルなどについて調査しております。
TABLEAsia Pacific Automated Fare Collection market, by System, 2015-2026 (USD Million)
Automated Fare Collection Market, By Component (Hardware and Software), By Technology (Smart Card, Magnetic Stripe, Near Field Communication and Optical Character Recognition), By System (Ticket Vending Machine, Ticket Office Machine, Fare Gates and IC Cards), By Application (Railways & transportation, Parking, Entertainment, and Others) and By Geography (EU, NA, APAC, LATAM, and MEA) - Analysis, Size, Share, Trends, & Forecast from 2020-2026.
Automated Fare Collection market was valued at USD 6.48 billion by 2020, growing with 11.4% CAGR during the forecast period, 2021-2026.
The automatic fare collection (AFC) solution is designed to manage the revenue generation for the modern transit operation. The system integrates various functionalities of process control, monitoring, and maintenance of the various operations needed throughout the process of issuing, distribution, sale, and validation of transport tickets. It manages the access control to transportation, and the processes of consolidation, settlement, and clearing in multimodal systems. AFC solution of each city or region has to be adapted to the different transportation operational models. That requires the analysis and definition of all processes and functionalities of the tariff model. The AFC systems also lodge modern payment and charging mechanisms such as Apple Pay, PayTM, or other mobile apps, embracing the convenience of mobile technologies as well as Integrated Circuit (IC) chip equipped contactless smartcards.
The automated fare collection market is technology-driven and is evolving continuously. Rapidly growing population coupled with rising demand for effective transportation systems has greatly increased the demand for improved transportation infrastructure. The intelligent transportation players such as MJM Innovations and GMV are actively involved in designing software and hardware solutions that can automatically track and collect fares. Companies are aiming to save thousands of dollars for public transit organizations, taxi companies, and paratransit through innovations in the automatic fare collection systems. This technology has made it possible to automate the fare collection through a magnetic swipe card or a contactless smart card.
Additionally, companies are increasingly developing initiatives that would, in turn, further fuel the demand for automated fare collection, supporting the industry growth. For instance, in December 2019, a leading global safety science company, UL upgraded to the Google pay module in the UL brand test tool. Likewise in June 2017, Thales signed two new train fare collection contracts. The new contracts include the construction of an automated fare collection setup at 19 stations in the Cairo metro. Other factors such as favorable government initiatives to support infrastructural growth, and rising adoption of e-payments, smartphones, and wireless connectivity fuel the industry development to a great extent. On the other hand, delays in projects and funding issues will restraints market growth in the future.
"Hardware segment to be most worthwhile during the forecast period"
Based on the component, the global market for automated fare collection market is categorized into hardware and software. The hardware segment accounted for the significant share of the worldwide market in 2019 that includes onboard & off-board systems and consumables. Dominance is supported by factors such as the development of innovative fare collection systems across the globe. On the contrary, the software category is projected to expand at promising CAGR over the study period. A huge increase in the transportation of metro and growing demand for rapid travel systems has resulted in increased demand for smart fare collection systems, supporting segment growth.
"Smart card technology segment to be most worthwhile during the forecast period"
Based on the technology, the global market for automated fare collection is categorized into smart cards, magnetic stripes, near field communication (NFC), and optical character recognition. Contactless smart cards and NFC systems are projected to show high potential for growth. The smart cards segment accounted for the majority of the market share in 2019 and is expected to continue its dominance over the forecast period. Smart card AFC technology provides improved and more frequent passenger data flow and bus stop data.
On the other hand, escalation in demand for open payment solutions, and growing need for virtually unlimited fare policy are demanding transit operators to focus on the advanced cutting edge and patron-friendly technologies in the arena of Automatic Fare Collection (AFC) system. Considering such factors, it is analyzed that NFC technology is gradually replacing smart cards as they can be easily integrated into credit cards and smartphones.
"TVM segment to be most worthwhile during the forecast period"
Based on the system, the automated fare collection market is divided into ticket vending machines, ticket office machines, fare gates, and IC e-cards. The ticket vending machine segment accounted for the majority of the market share in 2019 and is expected to continue its dominance over the forecast period. The dominance is supported by new product launches along with various government initiatives. For instance, in September 2017, moBiel launched new ticket vending machines from Scheidt & Bachmann. This new product is designed for disabled and impaired vision passengers, with the machines providing support. The fully-autonomous segment is anticipated to grow at the fastest CAGR in the future owing to the rising acceptance among end-users.
"Railway & transportation segment to dominate the industry by 2026"
Depending upon the application, the worldwide market is divided into parking, railway & transportation, and entertainment. Railway & transportation dominated the market in the year 2019 and is continuing its dominance during the study period. Globally, rail infrastructure projects are on the rise. For instance, China is the longest high-speed rail that has invested comprehensively in rail in the past decade, continues to lead the way. In 2019, China announced a record US$125 billion rail-investment plan for 2019, 6% more than as compared to the previous year.
North America recorded the maximum revenue share owing to the presence of major automated fare collection manufacturers in the region. A growing number of rail projects coupled with the rising government investment support regional growth. For instance, in March 2020, The US Department of Transportation's (USDOT) Federal Railroad Administration (FRA) invested US$248.5 million to fund railroad infrastructure projects. Europe followed the suite. Spain based technology integrator, SICE offers a comprehensive first-class AFC solution, integrated with various functionalities of monitoring, maintenance, and process control of the different operations needed throughout the process of distribution, issuing validation, and sale of transport tickets.
On the flip side, the Asia Pacific region is the fastest-growing market. The rising number of rail development projects will spur regional growth. Countries such as India and China are heavily investing in rail projects. China is the major contributor that is responsible for over 22% of all heavy rail, 61% of high speed, 66% of metro, and 21% of all light rail being constructed.
The sudden emergence of the novel coronavirus has negatively exaggerated numerous sectors including the transportation industry. The worldwide economy has been adversely affected by the growth of the transportation industry and the fare collection industry. However, the government's corrective measures to promote the use of contactless ticketing are expected to stimulate the demand for automated fare collection system post-COVID crisis. For instance, in April 2020, Metro trains in Delhi India had started contactless ticketing to curb COVID-19 spread. The aforesaid reasons are major factors contributing to the growth of automatic fare collection even post the pandemic period.
KEY VENDOR TAKEAWA
The leading players of the global Automated Fare Collection market include Nippon Signal, Sony Corporation, Advanced Card Systems, Indra Sistemas, Masabi Ltd., Vix Technology, Telexis, Thales Group, UL Transaction Security, Siemens AG, Trapeze Group, Samsung SDS Co. Ltd., Scheidt & Bachmann, NXP Semiconductors, Omron Corporation, LG Corporation, Singapore Technologies Electronics Limited, Cubic Transportation Systems, GMV, LECIP Holdings, and Atos SE. Advanced Card System Ltd. emerged as one of the market leaders in the global automated fare collection (AFC) market.
Key players are engaged in strategic mergers and acquisitions to expand their market presence. In April 2020, Trapeze, a global leader of advanced transit technology and tools collaborated with Masabi, a company developing fare payment as a service to public transit. Through this collaboration, Trapeze aims to change the way public transit agencies deliver Mobility-as-a-Service to their communities.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2015 to2018
Base Year - 2019
Estimated Year - 2020
Projected Year - 2026
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL AUTOMATED FARE COLLECTION MARKET KEY PLAYERS
LECIP Holdings Corporation
NXP Semiconductors N.V.
Singapore Technologies Electronics Limited (ST Electronics)
Cubic Transportation Systems
UL Transaction Security
Indra Sistemas SA
Advanced Card Systems Ltd.
Scheidt & Bachmann GmbH
Samsung SDS Co. Ltd.
GLOBAL AUTOMATED FARE COLLECTION MARKET, BY COMPONENT
GLOBAL AUTOMATED FARE COLLECTION MARKET, BY TECHNOLOGY
Near Field Communication
Optical Character Recognition
GLOBAL AUTOMATED FARE COLLECTION MARKET, BY SYSTEM
Ticket Office Machine
Ticket Vending Machine
GLOBAL AUTOMATED FARE COLLECTION MARKET, BY APPLICATION
Railway & transportation
GLOBAL AUTOMATED FARE COLLECTION MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA