Automated Fare Collection System for Bus Industry Global Overview: Market Size, Growth Insights and Forecast
Report ID : 1292593 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Automated Fare Collection System For Bus Industry is categorized based on System Type (Contactless Smart Cards, Mobile Ticketing, Electronic Ticketing Machines, Biometric Systems, Others) and Component (Hardware, Software, Services) and Application (Urban Transit, Intercity Transit, School Buses, Airport Shuttles, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
The Automated Fare Collection System For Bus Industry, valued at $1.2 billion in 2023, is anticipated to expand to $2.5 billion by 2033 at a CAGR of 8.1% from 2024 to 2033. This report covers different segments and offers an analysis of the substantial trends and factors affecting the market.
The implementation of the Automated Fare Collection System (AFCS) for buses marks an evolution in the public transport industry by improving efficiency in operations and in customer service. With increasing urbanization, there is even greater need for enhanced and effective fare collection systems that are easy for customers to use. Payment of fares through AFCS is done through modern methods like contactless payments, mobile payment applications, and smart cards which help in easy and cashless payments. This makes AFCS extremely helpful in speeding up the boarding process which in turn increases operational efficiency in public transport systems.
The past few years has been associated with the increased growth rate of Global Automated Fare Collection System for buses market because of the high demand for digitization and smart city projects. Incorporation of AFCS is regarded as an essential part of public transport system modernization as most municipalities are trying to upgrade their transit systems and better their services. Our thorough market research provided useful information on. the trends which are most useful, competitive areas and local factors in the changing pieces of the market.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Cubic Corporation, Thales Group, Conduent Incorporated, Gemalto NV, Civitas Solutions, Kapsch TrafficCom AG, Masabi Ltd., INIT Innovations in Transportation Inc., Scheidt & Bachmann GmbH, Civica Group, AEP Ticketing Solutions |
| SEGMENTS COVERED |
By System Type - Contactless Smart Cards, Mobile Ticketing, Electronic Ticketing Machines, Biometric Systems, Others
By Component - Hardware, Software, Services
By Application - Urban Transit, Intercity Transit, School Buses, Airport Shuttles, Others
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Automated Fare Collection System For Bus Industry Dynamics
The Automated Fare Collection System For Bus Industry is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Automated Fare Collection System For Bus Industry Segmentations
Market Breakup by System Type
- Overview
- Contactless Smart Cards
- Mobile Ticketing
- Electronic Ticketing Machines
- Biometric Systems
- Others
Market Breakup by Component
- Overview
- Hardware
- Software
- Services
Market Breakup by Application
- Overview
- Urban Transit
- Intercity Transit
- School Buses
- Airport Shuttles
- Others
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Automated Fare Collection System For Bus Industry
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Cubic Corporation
- Thales Group
- Conduent Incorporated
- Gemalto NV
- Civitas Solutions
- Kapsch TrafficCom AG
- Masabi Ltd.
- INIT Innovations in Transportation Inc.
- Scheidt & Bachmann GmbH
- Civica Group
- AEP Ticketing Solutions
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