Brazil Automated Fare Collection Market Size & Outlook
Brazil automated fare collection market, 2018-2030 (US$M)
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Brazil automated fare collection market highlights
- The Brazil automated fare collection market generated a revenue of USD 196.8 million in 2023 and is expected to reach USD 473.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 13.4% from 2024 to 2030.
- In terms of segment, smart card was the largest revenue generating technology in 2023.
- Near-field communication (NFC) is the most lucrative technology segment registering the fastest growth during the forecast period.
Automated fare collection market data book summary
| Market revenue in 2023 | USD 196.8 million |
| Market revenue in 2030 | USD 473.6 million |
| Growth rate | 13.4% (CAGR from 2023 to 2030) |
| Largest segment | Smart card |
| Fastest growing segment | Near-field communication (NFC) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Card, Magnetic Stripe, Near-field communication (NFC), Optical Character Recognition (OCR) |
| Key market players worldwide | Atos SE, Cubic Corporation, Indra Sistemas SA ADR, Siemens AG, Thales Group, OMRON Corp, Samsung Electronics Co Ltd |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.7% of the global automated fare collection market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico automated fare collection market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 624.8 million by 2030.
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Automated Fare Collection Market Scope
Automated Fare Collection Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 33.94% in 2023. Horizon Databook has segmented the Brazil 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.
The growth of the market can be attributed to the development and upgrade of urban public transportation networks in major Brazilian cities, such as São Paulo and Rio de Janeiro.
Brazilian transit authorities have been using cutting-edge solutions, such as contactless smart cards, mobile payments via QR codes, and integrated ticketing solutions, to cater to the growing need for effective fare collection.
Along with increasing passenger convenience, these advances are also expected to help public transportation companies manage their revenues better while countering fare evasion.
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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 country-level data and insights on the Brazil automated fare collection market , including forecasts for subscribers. This country databook contains high-level insights into Brazil automated fare collection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil automated fare collection market size, by technology, 2018-2030 (US$M)
Brazil Automated Fare Collection Market Outlook Share, 2023 & 2030 (US$M)
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