Europe automated fare collection
system market is expected to grow at a notable rate during the forecast period.
One of the key factors that is anticipated to drive the market growth over the
coming years is increasing demand for effective transportation systems in the
region. In addition to this, rising utility of plastic money, real-time
payments, and digital payment gateways like credit & debit cards and near
field communication payment applications are further anticipated to bode well
for the growth of automated fare collection system in the region. However, some
factors that might act as major impediment to the market growth through 2025
include high installation and maintenance costs.
The Europe automated fare
collection system market is segmented based on component, technology, end user
industry, system type, region and company. Based on technology, the market can
be segmented into near-field
communication (NFC), smart card, magnetic stripes and others. Until 2019, smart
card technology was the dominant segment and is projected to continue to hold
its dominance through 2025 as well which can be attributed to its enhanced
operating flexibility and faster processing speed when compared to magnetic
stripe cards. Also, the NFC segment is anticipated to witness the highest CAGR during
the next 5 years on account of growing consumer preference for cashless fare
collection system for several modes of public transportation.
Major players operating in the
Europe automated fare collection system market include Cubic Corporation, Indra,
Thales Group, GMV, ST Electronics, ATOS, Longbow Technologies S/B, Samsung SDS,
Genfare, Advanced Card Systems Holdings Limited and others.
Years
considered for this report:
Historical Years: 2015–2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
- To analyze and forecast the market size of Europe automated fare
collection system market.
- To classify and forecast Europe automated fare collection system market
based on component, technology, end user industry, system type, company and
regional distribution.
- To identify drivers and challenges for Europe automated fare
collection system market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in Europe automated fare
collection system market.
- To conduct pricing analysis for Europe automated fare collection
system market.
- To identify and analyze the profile of leading players operating in
Europe automated fare collection system market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers across the region. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research could include the manufacturers which could not be identified
due to the limitations of secondary research. TechSci Research analyzed the
manufacturers, distribution channels and presence of all major players across
the region.
TechSci
Research calculated the market size of Europe automated fare collection system market using a
bottom-up approach, wherein data for various end-user segments was recorded and
forecast for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through
analyzing historical data of these product types and applications for getting
an appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Automated fare collection system manufacturers,
suppliers and other stakeholders
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
automated fare collection system
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
Report Scope:
In this report, Europe automated fare
collection system market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Market, By Component:
- Hardware
- Software
& Services
- Market, By Technology:
- Near-Field
Communication (NFC)
- Smart
Card
- Magnetic
Stripes
- Others
- Market, By End User Industry:
o Transportation
and Logistics
o Government
o Media and
Entertainment
o Retail
o Others
·
Market, By System Type:
o
Ticket Vending Machine
o
Ticket Office Machine
o
Fare Gates
o IC Cards
·
Market, By Country:
o
Germany
o
United Kingdom
o
France
o
Russia
o
Spain
o
Italy
o
Poland
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Europe automated fare collection system market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]