Automated fare collection (AFC) system is the automated version of manual fare collection. It allows public transportation authority’s such as metro, rail, and buses to implement fast and efficient ticketing system. The automated fare collection system allows tracing and managing the funds generated through sales and by use of transport fare media, thereby helping to thrust revenue of the companies. Contactless technology, smart card, and electronic payment reduce the cost associated with handling cash transaction. Smart cards technology is extensively used fare collection systems because it offers benefits such as reduced maintenance & operating cost, improve efficiency, and reduced frauds.

1. Automated Fare Collection (AFC) System Market - Global Industry
Analysis and Forecast 2015 - 2021
Persistence Market Research
Automated Fare Collection (AFC) System
Market - Global Industry Analysis and
Forecast 2015 - 2021
Persistence Market Research 1

2. Automated Fare Collection (AFC) System Market - Global Industry
Analysis and Forecast 2015 - 2021
Persistence Market Research Released New Market Report on “Automated Fare Collection
(AFC) System Market - Global Industry Analysis and Forecast 2015 - 2021”.
Automated fare collection (AFC) system is the automated version of manual fare collection. It
allows public transportation authority’s such as metro, rail, and buses to implement fast and
efficient ticketing system. The automated fare collection system allows tracing and managing
the funds generated through sales and by use of transport fare media, thereby helping to thrust
revenue of the companies. Contactless technology, smart card, and electronic payment reduce
the cost associated with handling cash transaction. Smart cards technology is extensively used
fare collection systems because it offers benefits such as reduced maintenance & operating
cost, improve efficiency, and reduced frauds.
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The automated fare collection system market is segmented on the basis of technology,
components and geography. Based on technology, the automatic fare collection system market
can be categorized into smart cards, magnetic strips, near field communication (NFC), and
optical character recognition (OCR). The adoption of NFC technology is expected to remain
high owing to its benefits such as fault tolerance and high speed contactless transaction. These
technologies reduce the cost associated with handling cash transactions and save time of
travelers by eliminating the queue for obtaining tickets. On the basis of components, the
automated fare collection system market can be segmented as hardware components and
software components. Hardware components include vending machine, hand held terminals,
and fare gates. Furthermore, on the basis of geography the automated fare collection system
market can be categorized into five major regions including North America, Europe, Asia Pacific,
Middle East and Africa and Latin America. North America and Europe are anticipated to be the
dominant regions over the forecast period owing to the increased government spending for
improving transport infrastructure. Asia Pacific automatic fare collection systems market is also
expected to witness significant growth owing to the development in countries such as India and
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3. Automated Fare Collection (AFC) System Market - Global Industry
Analysis and Forecast 2015 - 2021
China. China and India are focusing on building better commutation facilities such as high
speed train, metro train and mono rail.
Governments of various countries such as India, China, and U.S., among others are focusing on
enhancing the transportation infrastructure and security systems, which in turn is fueling the
growth of automated fare collection system market. New payment gateways such as account
based payment systems using credit; debit and bank cards are driving the demand of
automated fare collection systems.
Development of monorail and metro in metropolitan cities is furthermore expected to stimulate
the growth of automated fare collection system market, globally. Increasing adoption of NFC
based mobile phones is anticipated to furthermore spur the demand of automated fare collection
systems. NFC enabled devices allows travelers to perform safe transactions by holding it close
to the electronic terminal. Rising need to enhance business process in an organization for
increasing profit margins is one of the key factors triggering the demand for automated fare
collection systems across the globe. Transit agencies are collaborating with the financial
institution, payment gateway providers, and system integrators to reduce the overall cost and
providing cost effective shared infrastructure.
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collection-afc-system-market.asp
Some of the key players in the automated fare collection system include Advanced Card
Systems Ltd., Atos SE, Cubic Transportation Systems, Scheidt & Bachmann GmbH, NXP
Semiconductors, Omron Corporation, ST Electronics, Thales Group, Trapeze Group and Vix
Technology among others.
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4. Automated Fare Collection (AFC) System Market - Global Industry
Analysis and Forecast 2015 - 2021
Key geographies evaluated in this report are:
North America
• U.S
• Canada
• Europe
• France, Germany, Italy, Spain, and the UK
• Eastern Europe
• CIS
APAC
• China
• India
• Japan
• Australia
• Others
Latin America
• Argentina
• Brazil
• Others
Key features of this report
• Drivers, restraints, and challenges shaping the Automated Fare Collection (AFC) System
market dynamics
• Latest innovations and key events in the industry
• Analysis of business strategies of the top players
• Automated Fare Collection (AFC) System market estimates and forecasts(2015 -2021)
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5. Automated Fare Collection (AFC) System Market - Global Industry
Analysis and Forecast 2015 - 2021
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