Industry: Service & Software
Published Date: 2025-06-28
Pages: 152 Pages
Report ld: 4775866
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Automated Fare Collection System Market Size(US$)

CAGR 2025-2031
7.1%
Market Size,2031
USD 9,195
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Automated Fare Collection System market is projected to grow from US$ 6090 million in 2025 to US$ 9195 million by 2031, at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period.
An Automated Fare Collection (AFC) System is a technology-driven ticketing and payment solution used primarily in public transportation to automate the process of collecting fares from passengers.
In simple terms, an AFC system replaces or reduces the need for manual ticket counters, paper tickets, and conductors by enabling cashless, contactless, and self-service payment and access — making fare payment faster, more convenient, and more secure for both transit operators and passengers.
1. Growing Urbanization and Rising Demand for Public Transport
Rapid urbanization is putting enormous pressure on urban mobility systems. Cities worldwide are expanding and modernizing their public transport to handle increasing passenger volumes efficiently. AFC systems are integral to this modernization, offering scalable solutions for high-throughput ticketing and enabling multimodal travel.
2. Government Initiatives for Smart and Sustainable Transportation
Many governments have launched smart city projects that prioritize digital ticketing and contactless payment systems as part of broader efforts to reduce congestion and pollution. AFC systems align with these goals by enabling integrated ticketing across buses, metros, trams, and even bike-sharing services.
3. Increasing Need for Efficient Revenue Management
Transport operators face revenue leakage and fare evasion challenges with manual or semi-automated ticketing. AFC systems reduce human error, detect fraud in real time, and provide detailed data analytics for demand forecasting and operational optimization. This data-driven approach ensures better financial sustainability for transit agencies.
4. Technological Advancements: Mobile and Contactless Payments
The widespread adoption of smartphones and contactless bank cards has transformed payment behavior. Commuters increasingly prefer tap-and-go or scan-and-go payment methods over cash. AFC systems have adapted by integrating mobile apps, QR codes, and open-loop payments (direct bank card use without issuing a transport card), making fare payment more convenient.
In terms of production side, this report researches the Automated Fare Collection System production, growth rate, market share by manufacturers and by region (region level and country level), from 2020 to 2025, and forecast to 2031.
In terms of consumption side, this report focuses on the sales of Automated Fare Collection System by region (region level and country level), by company, by Type and by Application. from 2020 to 2025 and forecast to 2031.
This report presents an overview of global market for Automated Fare Collection System, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2020 - 2025, estimates for 2025, and projections of CAGR through 2031.
This report researches the key producers of Automated Fare Collection System, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Automated Fare Collection System, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Automated Fare Collection System sales, revenue, market share and industry ranking of main manufacturers, data from 2020 to 2025. Identification of the major stakeholders in the global Automated Fare Collection System market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2020 to 2031. Evaluation and forecast the market size for Automated Fare Collection System sales, projected growth trends, production technology, application and end-user industry.
Descriptive company profiles of the major global players, including Cubic Corporation, Thales Group, Omron Corporation, The Nippon Signal, Scheidt & Bachmann, GMV, Indra Company, Gunnebo, LECIP Group, UniTTEC, etc.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Automated Fare Collection System production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 3: Sales (consumption), revenue of Automated Fare Collection System in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 4: Detailed analysis of Automated Fare Collection System manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: China by Type, and by Application, sales, and revenue for each segment.
Chapter 10: Asia (excluding China) by Type, by Application and by region, sales, and revenue for each segment.
Chapter 11: Middle East, Africa, Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Automated Fare Collection System sales, revenue, price, gross margin, and recent development, etc.
Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 14: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 15: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Automated Fare Collection System Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Fare Gates
1.2.3 Ticket Vending Machine
1.2.4 Ticket Checking Machine
1.2.5 Booking Office Machine
1.2.6 Other
1.3 Market by Application
1.3.1 Global Automated Fare Collection System Market Share by Application: 2020 VS 2024 VS 2031
1.3.2 Railway
1.3.3 Bus
1.3.4 Other
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Automated Fare Collection System Market Perspective (2020-2031)
2.2 Global Automated Fare Collection System Growth Trends by Region
2.2.1 Global Automated Fare Collection System Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Automated Fare Collection System Market Size by Region (2020-2031)
2.3 Automated Fare Collection System Market Dynamics
2.3.1 Automated Fare Collection System Industry Trends
2.3.2 Automated Fare Collection System Market Drivers
2.3.3 Automated Fare Collection System Market Challenges
2.3.4 Automated Fare Collection System Market Restraints
3 Competition Landscape by Key Players
3.1 Global Revenue Automated Fare Collection System by Players
3.1.1 Global Automated Fare Collection System Revenue by Players (2020-2025)
3.1.2 Global Automated Fare Collection System Revenue Market Share by Players (2020-2025)
3.2 Global Automated Fare Collection System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players of Automated Fare Collection System, Ranking by Revenue, 2023 VS 2024 VS 2025
3.4 Global Market Concentration Ratio
3.4.1 Global Automated Fare Collection System Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Automated Fare Collection System Revenue in 2024
3.5 Global Key Players of Automated Fare Collection System Head office and Area Served
3.6 Global Key Players of Automated Fare Collection System, Product and Application
3.7 Global Key Players of Automated Fare Collection System, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type
4.1 Global Automated Fare Collection System Historic Market Size by Type (2020-2025)
4.2 Global Automated Fare Collection System Forecasted Market Size by Type (2026-2031)
5 Breakdown Data by Application
5.1 Global Automated Fare Collection System Historic Market Size by Application (2020-2025)
5.2 Global Automated Fare Collection System Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Automated Fare Collection System Market Size (2020-2031)
6.2 North America Market Size by Type
6.2.1 North America Automated Fare Collection System Market Size by Type (2020-2031)
6.2.2 North America Automated Fare Collection System Market Share by Type (2020-2031)
6.3 North America Market Size by Application
6.3.1 North America Automated Fare Collection System Market Size by Application (2020-2031)
6.3.2 North America Automated Fare Collection System Market Share by Application (2020-2031)
6.4 North America Market Size by Country
6.4.1 North America Automated Fare Collection System Market Size by Country: 2020 VS 2024 VS 2031
6.4.2 North America Automated Fare Collection System Market Size by Country (2020-2031)
6.4.3 United States
6.4.4 Canada
7 Europe
7.1 Europe Automated Fare Collection System Market Size (2020-2031)
7.2 Europe Market Size by Type
7.2.1 Europe Automated Fare Collection System Market Size by Type (2020-2031)
7.2.2 Europe Automated Fare Collection System Market Share by Type (2020-2031)
7.3 Europe Market Size by Application
7.3.1 Europe Automated Fare Collection System Market Size by Application (2020-2031)
7.3.2 Europe Automated Fare Collection System Market Share by Application (2020-2031)
7.4 Europe Market Size by Country
7.4.1 Europe Automated Fare Collection System Market Size by Country: 2020 VS 2024 VS 2031
7.4.2 Europe Automated Fare Collection System Market Size by Country (2020-2025)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic Countries
8 China
8.1 China Automated Fare Collection System Market Size (2020-2031)
8.2 China Market Size by Type
8.2.1 China Automated Fare Collection System Market Size by Type (2020-2031)
8.2.2 China Automated Fare Collection System Market Share by Type (2020-2031)
8.3 China Market Size by Application
8.3.1 China Automated Fare Collection System Market Size by Application (2020-2031)
8.3.2 China Automated Fare Collection System Market Share by Application (2020-2031)
9 Asia (excluding China)
9.1 Asia Automated Fare Collection System Market Size (2020-2031)
9.2 Asia Market Size by Type
9.2.1 Asia Automated Fare Collection System Market Size by Type (2020-2031)
9.2.2 Asia Automated Fare Collection System Market Share by Type (2020-2031)
9.3 Asia Market Size by Application
9.3.1 Asia Automated Fare Collection System Market Size by Application (2020-2031)
9.3.2 Asia Automated Fare Collection System Market Share by Application (2020-2031)
9.4 Asia Market Size by Region
9.4.1 Asia Automated Fare Collection System Market Size by Region: 2020 VS 2024 VS 2031
9.4.2 Asia Automated Fare Collection System Market Size by Region (2020-2031)
9.4.3 Japan
9.4.4 South Korea
9.4.5 China Taiwan
9.4.6 Southeast Asia
9.4.7 India
9.4.8 Australia
10 Middle East, Africa, and Latin America
10.1 Middle East, Africa, and Latin America Automated Fare Collection System Market Size (2020-2031)
10.2 Middle East, Africa, and Latin America Market Size by Type
10.2.1 Middle East, Africa, and Latin America Automated Fare Collection System Market Size by Type (2020-2031)
10.2.2 Middle East, Africa, and Latin America Automated Fare Collection System Market Share by Type (2020-2031)
10.3 Middle East, Africa, and Latin America Market Size by Application
10.3.1 Middle East, Africa, and Latin America Automated Fare Collection System Market Size by Application (2020-2031)
10.3.2 Middle East, Africa, and Latin America Market Share by Application (2020-2031)
10.4 Middle East, Africa, and Latin America Market Size by Country
10.4.1 Middle East, Africa, and Latin America Automated Fare Collection System Market Size by Country: 2020 VS 2024 VS 2031
10.4.2 Middle East, Africa, and Latin America Automated Fare Collection System Market Size by Country (2020-2031)
10.4.3 Brazil
10.4.4 Mexico
10.4.5 Turkey
10.4.6 Saudi Arabia
10.4.7 Israel
10.4.8 GCC Countries
11 Key Players Profiles
11.1 Cubic Corporation
11.1.1 Cubic Corporation Company Details
11.1.2 Cubic Corporation Business Overview
11.1.3 Cubic Corporation Automated Fare Collection System Introduction
11.1.4 Cubic Corporation Revenue in Automated Fare Collection System Business (2020-2025)
11.1.5 Cubic Corporation Recent Development
11.2 Thales Group
11.2.1 Thales Group Company Details
11.2.2 Thales Group Business Overview
11.2.3 Thales Group Automated Fare Collection System Introduction
11.2.4 Thales Group Revenue in Automated Fare Collection System Business (2020-2025)
11.2.5 Thales Group Recent Development
11.3 Omron Corporation
11.3.1 Omron Corporation Company Details
11.3.2 Omron Corporation Business Overview
11.3.3 Omron Corporation Automated Fare Collection System Introduction
11.3.4 Omron Corporation Revenue in Automated Fare Collection System Business (2020-2025)
11.3.5 Omron Corporation Recent Development
11.4 The Nippon Signal
11.4.1 The Nippon Signal Company Details
11.4.2 The Nippon Signal Business Overview
11.4.3 The Nippon Signal Automated Fare Collection System Introduction
11.4.4 The Nippon Signal Revenue in Automated Fare Collection System Business (2020-2025)
11.4.5 The Nippon Signal Recent Development
11.5 Scheidt & Bachmann
11.5.1 Scheidt & Bachmann Company Details
11.5.2 Scheidt & Bachmann Business Overview
11.5.3 Scheidt & Bachmann Automated Fare Collection System Introduction
11.5.4 Scheidt & Bachmann Revenue in Automated Fare Collection System Business (2020-2025)
11.5.5 Scheidt & Bachmann Recent Development
11.6 GMV
11.6.1 GMV Company Details
11.6.2 GMV Business Overview
11.6.3 GMV Automated Fare Collection System Introduction
11.6.4 GMV Revenue in Automated Fare Collection System Business (2020-2025)
11.6.5 GMV Recent Development
11.7 Indra Company
11.7.1 Indra Company Company Details
11.7.2 Indra Company Business Overview
11.7.3 Indra Company Automated Fare Collection System Introduction
11.7.4 Indra Company Revenue in Automated Fare Collection System Business (2020-2025)
11.7.5 Indra Company Recent Development
11.8 Gunnebo
11.8.1 Gunnebo Company Details
11.8.2 Gunnebo Business Overview
11.8.3 Gunnebo Automated Fare Collection System Introduction
11.8.4 Gunnebo Revenue in Automated Fare Collection System Business (2020-2025)
11.8.5 Gunnebo Recent Development
11.9 LECIP Group
11.9.1 LECIP Group Company Details
11.9.2 LECIP Group Business Overview
11.9.3 LECIP Group Automated Fare Collection System Introduction
11.9.4 LECIP Group Revenue in Automated Fare Collection System Business (2020-2025)
11.9.5 LECIP Group Recent Development
11.10 UniTTEC
11.10.1 UniTTEC Company Details
11.10.2 UniTTEC Business Overview
11.10.3 UniTTEC Automated Fare Collection System Introduction
11.10.4 UniTTEC Revenue in Automated Fare Collection System Business (2020-2025)
11.10.5 UniTTEC Recent Development
11.11 Huaming
11.11.1 Huaming Company Details
11.11.2 Huaming Business Overview
11.11.3 Huaming Automated Fare Collection System Introduction
11.11.4 Huaming Revenue in Automated Fare Collection System Business (2020-2025)
11.11.5 Huaming Recent Development
11.12 INIT
11.12.1 INIT Company Details
11.12.2 INIT Business Overview
11.12.3 INIT Automated Fare Collection System Introduction
11.12.4 INIT Revenue in Automated Fare Collection System Business (2020-2025)
11.12.5 INIT Recent Development
11.13 Huahong Jitong
11.13.1 Huahong Jitong Company Details
11.13.2 Huahong Jitong Business Overview
11.13.3 Huahong Jitong Automated Fare Collection System Introduction
11.13.4 Huahong Jitong Revenue in Automated Fare Collection System Business (2020-2025)
11.13.5 Huahong Jitong Recent Development
11.14 Genfare
11.14.1 Genfare Company Details
11.14.2 Genfare Business Overview
11.14.3 Genfare Automated Fare Collection System Introduction
11.14.4 Genfare Revenue in Automated Fare Collection System Business (2020-2025)
11.14.5 Genfare Recent Development
11.15 Bonin Fortune Access Equipment
11.15.1 Bonin Fortune Access Equipment Company Details
11.15.2 Bonin Fortune Access Equipment Business Overview
11.15.3 Bonin Fortune Access Equipment Automated Fare Collection System Introduction
11.15.4 Bonin Fortune Access Equipment Revenue in Automated Fare Collection System Business (2020-2025)
11.15.5 Bonin Fortune Access Equipment Recent Development
11.16 Haiputian Intelligent Technology
11.16.1 Haiputian Intelligent Technology Company Details
11.16.2 Haiputian Intelligent Technology Business Overview
11.16.3 Haiputian Intelligent Technology Automated Fare Collection System Introduction
11.16.4 Haiputian Intelligent Technology Revenue in Automated Fare Collection System Business (2020-2025)
11.16.5 Haiputian Intelligent Technology Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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