UK Automated Fare Collection Market Size & Outlook
UK automated fare collection market, 2018-2030 (US$M)
Related Markets
UK automated fare collection market highlights
- The UK automated fare collection market generated a revenue of USD 504.7 million in 2023 and is expected to reach USD 1,156.0 million by 2030.
- The UK market is expected to grow at a CAGR of 12.6% 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 504.7 million |
| Market revenue in 2030 | USD 1,156.0 million |
| Growth rate | 12.6% (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, UK accounted for 4.4% 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 Europe, Germany automated fare collection market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,804.1 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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UK 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 33.64% in 2023. Horizon Databook has segmented the UK 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.
For instance, the Leicester City Council’s Leicester Buses Partnership, an 8-year plan for transport development, including a 3-year program of fully funded transport improvement projects, includes new bus lanes, coordinated timetables, waiting facilities, passenger information systems, significantly improved ticketing, and electrification of key bus routes.
Arriva, Centre bus, First Bus, Kinch bus, Roberts Travel Group, and Stagecoach have agreed to work alongside the council over the next eight years with the aim of transforming the bus network while working toward making it fully electric, effortless to use, and affordable.
As a result of the partnership, passengers using multiple operators can always obtain the best fare for their journey, thanks to the multi-operator Tap On-Tap Off digital fare system.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK automated fare collection market , including forecasts for subscribers. This country databook contains high-level insights into UK automated fare collection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK automated fare collection market size, by technology, 2018-2030 (US$M)
UK Automated Fare Collection Market Outlook Share, 2023 & 2030 (US$M)
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