Industry: Service & Software
Published Date: 2025-06-28
Pages: 132 Pages
Report ld: 4775867
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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 market for Automated Fare Collection System was estimated to be worth US$ 5614 million in 2024 and is forecast to a readjusted size of US$ 9195 million by 2031 with a CAGR of 7.1% during the forecast period 2025-2031.
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.
This report aims to provide a comprehensive presentation of the global market for Automated Fare Collection System, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Automated Fare Collection System by region & country, by Type, and by Application.
The Automated Fare Collection System market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automated Fare Collection System.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides 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 2: Detailed analysis of Automated Fare Collection System company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Automated Fare Collection System in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Automated Fare Collection System in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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 Market Overview
1.1 Automated Fare Collection System Product Introduction
1.2 Global Automated Fare Collection System Market Size Forecast (2020-2031)
1.3 Automated Fare Collection System Market Trends & Drivers
1.3.1 Automated Fare Collection System Industry Trends
1.3.2 Automated Fare Collection System Market Drivers & Opportunity
1.3.3 Automated Fare Collection System Market Challenges
1.3.4 Automated Fare Collection System Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Automated Fare Collection System Players Revenue Ranking (2024)
2.2 Global Automated Fare Collection System Revenue by Company (2020-2025)
2.3 Key Companies Automated Fare Collection System Manufacturing Base Distribution and Headquarters
2.4 Key Companies Automated Fare Collection System Product Offered
2.5 Key Companies Time to Begin Mass Production of Automated Fare Collection System
2.6 Automated Fare Collection System Market Competitive Analysis
2.6.1 Automated Fare Collection System Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Automated Fare Collection System Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Automated Fare Collection System as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Fare Gates
3.1.2 Ticket Vending Machine
3.1.3 Ticket Checking Machine
3.1.4 Booking Office Machine
3.1.5 Other
3.2 Global Automated Fare Collection System Sales Value by Type
3.2.1 Global Automated Fare Collection System Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Automated Fare Collection System Sales Value, by Type (2020-2031)
3.2.3 Global Automated Fare Collection System Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Railway
4.1.2 Bus
4.1.3 Other
4.2 Global Automated Fare Collection System Sales Value by Application
4.2.1 Global Automated Fare Collection System Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Automated Fare Collection System Sales Value, by Application (2020-2031)
4.2.3 Global Automated Fare Collection System Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global Automated Fare Collection System Sales Value by Region
5.1.1 Global Automated Fare Collection System Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Automated Fare Collection System Sales Value by Region (2020-2025)
5.1.3 Global Automated Fare Collection System Sales Value by Region (2026-2031)
5.1.4 Global Automated Fare Collection System Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Automated Fare Collection System Sales Value, 2020-2031
5.2.2 North America Automated Fare Collection System Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Automated Fare Collection System Sales Value, 2020-2031
5.3.2 Europe Automated Fare Collection System Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Automated Fare Collection System Sales Value, 2020-2031
5.4.2 Asia Pacific Automated Fare Collection System Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America Automated Fare Collection System Sales Value, 2020-2031
5.5.2 South America Automated Fare Collection System Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Automated Fare Collection System Sales Value, 2020-2031
5.6.2 Middle East & Africa Automated Fare Collection System Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Automated Fare Collection System Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Automated Fare Collection System Sales Value, 2020-2031
6.3 United States
6.3.1 United States Automated Fare Collection System Sales Value, 2020-2031
6.3.2 United States Automated Fare Collection System Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Automated Fare Collection System Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Automated Fare Collection System Sales Value, 2020-2031
6.4.2 Europe Automated Fare Collection System Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Automated Fare Collection System Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Automated Fare Collection System Sales Value, 2020-2031
6.5.2 China Automated Fare Collection System Sales Value by Type (%), 2024 VS 2031
6.5.3 China Automated Fare Collection System Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Automated Fare Collection System Sales Value, 2020-2031
6.6.2 Japan Automated Fare Collection System Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Automated Fare Collection System Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Automated Fare Collection System Sales Value, 2020-2031
6.7.2 South Korea Automated Fare Collection System Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Automated Fare Collection System Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Automated Fare Collection System Sales Value, 2020-2031
6.8.2 Southeast Asia Automated Fare Collection System Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Automated Fare Collection System Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Automated Fare Collection System Sales Value, 2020-2031
6.9.2 India Automated Fare Collection System Sales Value by Type (%), 2024 VS 2031
6.9.3 India Automated Fare Collection System Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Cubic Corporation
7.1.1 Cubic Corporation Profile
7.1.2 Cubic Corporation Main Business
7.1.3 Cubic Corporation Automated Fare Collection System Products, Services and Solutions
7.1.4 Cubic Corporation Automated Fare Collection System Revenue (US$ Million) & (2020-2025)
7.1.5 Cubic Corporation Recent Developments
7.2 Thales Group
7.2.1 Thales Group Profile
7.2.2 Thales Group Main Business
7.2.3 Thales Group Automated Fare Collection System Products, Services and Solutions
7.2.4 Thales Group Automated Fare Collection System Revenue (US$ Million) & (2020-2025)
7.2.5 Thales Group Recent Developments
7.3 Omron Corporation
7.3.1 Omron Corporation Profile
7.3.2 Omron Corporation Main Business
7.3.3 Omron Corporation Automated Fare Collection System Products, Services and Solutions
7.3.4 Omron Corporation Automated Fare Collection System Revenue (US$ Million) & (2020-2025)
7.3.5 Omron Corporation Recent Developments
7.4 The Nippon Signal
7.4.1 The Nippon Signal Profile
7.4.2 The Nippon Signal Main Business
7.4.3 The Nippon Signal Automated Fare Collection System Products, Services and Solutions
7.4.4 The Nippon Signal Automated Fare Collection System Revenue (US$ Million) & (2020-2025)
7.4.5 The Nippon Signal Recent Developments
7.5 Scheidt & Bachmann
7.5.1 Scheidt & Bachmann Profile
7.5.2 Scheidt & Bachmann Main Business
7.5.3 Scheidt & Bachmann Automated Fare Collection System Products, Services and Solutions
7.5.4 Scheidt & Bachmann Automated Fare Collection System Revenue (US$ Million) & (2020-2025)
7.5.5 Scheidt & Bachmann Recent Developments
7.6 GMV
7.6.1 GMV Profile
7.6.2 GMV Main Business
7.6.3 GMV Automated Fare Collection System Products, Services and Solutions
7.6.4 GMV Automated Fare Collection System Revenue (US$ Million) & (2020-2025)
7.6.5 GMV Recent Developments
7.7 Indra Company
7.7.1 Indra Company Profile
7.7.2 Indra Company Main Business
7.7.3 Indra Company Automated Fare Collection System Products, Services and Solutions
7.7.4 Indra Company Automated Fare Collection System Revenue (US$ Million) & (2020-2025)
7.7.5 Indra Company Recent Developments
7.8 Gunnebo
7.8.1 Gunnebo Profile
7.8.2 Gunnebo Main Business
7.8.3 Gunnebo Automated Fare Collection System Products, Services and Solutions
7.8.4 Gunnebo Automated Fare Collection System Revenue (US$ Million) & (2020-2025)
7.8.5 Gunnebo Recent Developments
7.9 LECIP Group
7.9.1 LECIP Group Profile
7.9.2 LECIP Group Main Business
7.9.3 LECIP Group Automated Fare Collection System Products, Services and Solutions
7.9.4 LECIP Group Automated Fare Collection System Revenue (US$ Million) & (2020-2025)
7.9.5 LECIP Group Recent Developments
7.10 UniTTEC
7.10.1 UniTTEC Profile
7.10.2 UniTTEC Main Business
7.10.3 UniTTEC Automated Fare Collection System Products, Services and Solutions
7.10.4 UniTTEC Automated Fare Collection System Revenue (US$ Million) & (2020-2025)
7.10.5 UniTTEC Recent Developments
7.11 Huaming
7.11.1 Huaming Profile
7.11.2 Huaming Main Business
7.11.3 Huaming Automated Fare Collection System Products, Services and Solutions
7.11.4 Huaming Automated Fare Collection System Revenue (US$ Million) & (2020-2025)
7.11.5 Huaming Recent Developments
7.12 INIT
7.12.1 INIT Profile
7.12.2 INIT Main Business
7.12.3 INIT Automated Fare Collection System Products, Services and Solutions
7.12.4 INIT Automated Fare Collection System Revenue (US$ Million) & (2020-2025)
7.12.5 INIT Recent Developments
7.13 Huahong Jitong
7.13.1 Huahong Jitong Profile
7.13.2 Huahong Jitong Main Business
7.13.3 Huahong Jitong Automated Fare Collection System Products, Services and Solutions
7.13.4 Huahong Jitong Automated Fare Collection System Revenue (US$ Million) & (2020-2025)
7.13.5 Huahong Jitong Recent Developments
7.14 Genfare
7.14.1 Genfare Profile
7.14.2 Genfare Main Business
7.14.3 Genfare Automated Fare Collection System Products, Services and Solutions
7.14.4 Genfare Automated Fare Collection System Revenue (US$ Million) & (2020-2025)
7.14.5 Genfare Recent Developments
7.15 Bonin Fortune Access Equipment
7.15.1 Bonin Fortune Access Equipment Profile
7.15.2 Bonin Fortune Access Equipment Main Business
7.15.3 Bonin Fortune Access Equipment Automated Fare Collection System Products, Services and Solutions
7.15.4 Bonin Fortune Access Equipment Automated Fare Collection System Revenue (US$ Million) & (2020-2025)
7.15.5 Bonin Fortune Access Equipment Recent Developments
7.16 Haiputian Intelligent Technology
7.16.1 Haiputian Intelligent Technology Profile
7.16.2 Haiputian Intelligent Technology Main Business
7.16.3 Haiputian Intelligent Technology Automated Fare Collection System Products, Services and Solutions
7.16.4 Haiputian Intelligent Technology Automated Fare Collection System Revenue (US$ Million) & (2020-2025)
7.16.5 Haiputian Intelligent Technology Recent Developments
8 Industry Chain Analysis
8.1 Automated Fare Collection System Industrial Chain
8.2 Automated Fare Collection System Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Automated Fare Collection System Sales Model
8.5.2 Sales Channel
8.5.3 Automated Fare Collection System Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 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
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