Global Automated Fare Collection Market Size & Outlook
Global automated fare collection market, 2018-2030 (US$M)
Related Markets
Global automated fare collection market highlights
- The global automated fare collection market generated a revenue of USD 11,483.0 million in 2023 and is expected to reach USD 28,876.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 14.1% by 2030.
- In terms of segment, smart card accounted for a revenue of USD 3,838.4 million in 2023.
- Near-field communication (NFC) is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 11,483.0 million |
| Market revenue in 2030 | USD 28,876.9 million |
| Growth rate | 14.1% (CAGR from 2023 to 2030) |
| Largest segment | Smart card |
| Fastest growing segment | Near-field communication (NFC) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Card, Magnetic Stripe, Near-field communication (NFC), Optical Character Recognition (OCR) |
Other key industry trends
- In terms of revenue, the North America accounted for 31.9% of the global automated fare collection market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 6,167.6 million by 2030.
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Automated Fare Collection Market Scope
Automated Fare Collection Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automated fare collection market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automated fare collection market will help companies and investors design strategic landscapes.
Smart card was the largest segment with a revenue share of 33.43% in 2023. Horizon Databook has segmented the Global automated fare collection market based on smart card, magnetic stripe, near-field communication (nfc), optical character recognition (ocr) covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Automated Fare Collection Technology Outlook (Revenue, USD Million, 2018-2030)
- Smart Card
- Magnetic Stripe
- Near-field communication (NFC)
- Optical Character Recognition (OCR)
- Global Automated Fare Collection Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Software
- Global Automated Fare Collection System Outlook (Revenue, USD Million, 2018-2030)
- Ticket Vending Machine (TVM)
- Ticket Office Machine (TOM)
- Fare Gates
- IC Cards
- Global Automated Fare Collection Application Outlook (Revenue, USD Million, 2018-2030)
- Railways & Transportation
- Parking
- Entertainment
- Others
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Our clientele includes a mix of automated fare collection market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global automated fare collection market , including forecasts for subscribers. This global databook contains high-level insights into Global automated fare collection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global automated fare collection market size, by region, 2018-2030 (US$M)
Top 10 countries: Automated fare collection market size, 2023 (US$M)
Global automated fare collection market share, by technology, 2023 & 2030 (%, US$M)
Automated fare collection market: Opportunity assessment by country
Global automated fare collection market, by region, 2023 (US$M)
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