Afc Systems Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0096634
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.24 |
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The AFC Systems Market size is estimated to grow at a CAGR of 8.45% between 2022 and 2032. The market size is forecast to increase by USD 4,567.89 million. The growth of the market depends on several factors, including the increasing demand for efficient and secure access control solutions, rising adoption of smart building technologies, and the growing focus on workplace productivity. AFC systems, also known as Automated Fare Collection systems, refer to a type of access control solution that is used in transportation systems, such as metro stations, bus terminals, and airports, to facilitate ticketing and fare collection processes. These systems offer seamless and contactless ticketing options, enhance passenger flow, and improve overall operational efficiency.
AFC Systems Market Overview:
Drivers:
One of the key factors driving the AFC systems market growth is the increasing demand for efficient and secure access control solutions. With the growing need for enhanced security and streamlined operations in transportation systems, there is a rising demand for automated fare collection systems. These systems eliminate the need for manual ticketing processes, reduce the risk of fraud, and ensure accurate fare collection. AFC systems offer various ticketing options, including contactless smart cards, mobile ticketing, and QR code-based ticketing, providing convenience and flexibility to passengers.
Moreover, the adoption of smart building technologies is also driving the market growth. AFC systems are often integrated with other smart building systems, such as surveillance cameras, passenger information systems, and access control systems, to create a comprehensive and interconnected infrastructure. This integration allows for real-time monitoring, data analytics, and improved passenger experience, thereby fueling the demand for AFC systems in transportation hubs.
Trends:
A key trend shaping the AFC systems market is the integration of biometric authentication technologies. Manufacturers are incorporating biometric sensors, such as fingerprint scanners or facial recognition systems, into AFC gates or ticketing machines, enabling secure and contactless authentication of passengers. This integration enhances security, reduces ticket fraud, and improves the overall passenger experience. Additionally, the use of mobile ticketing and digital wallets is gaining popularity, allowing passengers to purchase and validate tickets using their smartphones, further simplifying the ticketing process.
Furthermore, there is a growing focus on workplace productivity, which is driving the demand for advanced AFC systems in corporate environments. Companies are adopting AFC systems to manage access control and attendance tracking of employees, ensuring a secure and efficient workplace. These systems offer features such as employee ID cards, biometric authentication, and integration with HR systems, providing accurate attendance records and enhancing overall workforce management.
Restraints:
One of the key challenges hindering the AFC systems market growth is the high initial cost of implementation. AFC systems require significant investment in infrastructure, including ticketing machines, gates, and backend systems for data management. This cost factor may deter some transportation authorities or companies from adopting AFC systems, especially in price-sensitive markets. Additionally, the complexity of integrating AFC systems with existing transportation infrastructure or building systems can pose implementation challenges.
AFC Systems Market Segmentation By Application:
The metro stations segment is estimated to witness significant growth during the forecast period. AFC systems play a crucial role in metro station operations by facilitating ticketing, fare collection, and passenger flow management. These systems offer various ticketing options, such as smart cards or mobile ticketing, allowing passengers to easily access metro services. AFC gates or turnstiles ensure only authorized passengers can enter the station, enhancing security and reducing fare evasion. The increasing urbanization, expansion of metro networks, and the need for efficient transportation solutions are driving the demand for AFC systems in metro stations.
The airport segment is also expected to contribute to the market growth. AFC systems in airports streamline the ticketing and boarding processes, ensuring smooth passenger flow and reducing waiting times. These systems offer self-service kiosks, automated check-in counters, and contactless boarding gates, providing a seamless travel experience. The growing air travel industry, increasing passenger volumes, and the need for enhanced security are driving the demand for AFC systems in airports.
AFC Systems Market Segmentation By Type:
The contactless smart card-based AFC systems segment is expected to dominate the market during the forecast period. Contactless smart cards, such as RFID cards or NFC-enabled cards, offer convenience, security, and interoperability across different transportation systems. Passengers can easily tap their cards on AFC gates or ticketing machines to validate their tickets and access transportation services. The increasing adoption of contactless payment technologies and the need for seamless travel experiences are driving the growth of this segment.
Regional Overview:
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North America is estimated to contribute significantly to the growth of the global AFC systems market during the forecast period. The region has a well-developed transportation infrastructure, high adoption of smart building technologies, and a focus on enhancing passenger experience. The presence of key market players, technological advancements, and government initiatives promoting smart transportation further support market growth in North America.
Europe is also expected to witness substantial growth in the AFC systems market. The region has extensive public transportation networks, stringent security regulations, and a focus on sustainable transportation solutions. The increasing need for efficient fare collection, improved passenger flow, and enhanced security are driving the market in Europe.
AFC Systems Market Customer Landscape:
The AFC systems market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major AFC Systems Market Companies?
Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.
Some of the major companies operating in the AFC systems market include:
- Thales Group
- Siemens AG
- Cubic Corporation
- NXP Semiconductors
- Samsung SDS
- Indra Sistemas
- NEC Corporation
- OMRON Corporation
- Toshiba Corporation
- Scheidt & Bachmann GmbH
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The AFC systems market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Metro Stations
o Bus Terminals
o Airports
o Others
- Type Outlook (USD Million, 2019 - 2032)
o Contactless Smart Card-based
o Mobile Ticketing-based
o QR Code-based
o Others
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENTS: Global AFC SYSTEMS MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. AFC SYSTEMS MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. AFC SYSTEMS Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Change AFC SYSTEMS MARKET BY type INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Ticket Vending Machine
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3. Ticket Office Machine
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.4. Fare Gates
5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.5. IC Cards
5.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. AFC SYSTEMS MARKET BY end user INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Rail and Transit Solution
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3. Entertainment Solution
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. AFC SYSTEMSMARKET REGIONAL OUTLOOK
7.1. AFC SYSTEMS Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America AFC SYSTEMS Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America AFC SYSTEMS Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America AFC SYSTEMS Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America AFC SYSTEMS Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S AFC SYSTEMS Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. AFC SYSTEMS Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. AFC SYSTEMS Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. AFC SYSTEMS Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada AFC SYSTEMS Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada AFC SYSTEMS Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada AFC SYSTEMS Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada AFC SYSTEMS Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe AFC SYSTEMS Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe AFC SYSTEMS Estimates And Forecast By Segment 1, 2016 –2027, (USD Million
7.3.3. Europe AFC SYSTEMS Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe AFC SYSTEMS Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany AFC SYSTEMS Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany AFC SYSTEMS Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany AFC SYSTEMS Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany AFC SYSTEMS Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France AFC SYSTEMS Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France AFC SYSTEMS Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.6.3. France AFC SYSTEMS Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France AFC SYSTEMS Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. AFC SYSTEMS Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. AFC SYSTEMS Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. AFC SYSTEMS Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K AFC SYSTEMS Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific AFC SYSTEMS Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific AFC SYSTEMS Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific AFC SYSTEMS Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific AFC SYSTEMS Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China AFC SYSTEMS Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China AFC SYSTEMS Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China AFC SYSTEMS Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China AFC SYSTEMS Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India AFC SYSTEMS Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India AFC SYSTEMS Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India AFC SYSTEMS Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India AFC SYSTEMS Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan AFC SYSTEMS Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan AFC SYSTEMS Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan AFC SYSTEMS Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan AFC SYSTEMS Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia AFC SYSTEMS Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia AFC SYSTEMS Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia AFC SYSTEMS Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia AFC SYSTEMS Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea AFC SYSTEMS Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea AFC SYSTEMS Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea AFC SYSTEMS Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea AFC SYSTEMS Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America AFC SYSTEMS Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America AFC SYSTEMS Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America AFC SYSTEMS Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America AFC SYSTEMS Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America AFC SYSTEMS Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Cubic
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. Thales
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Omron
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Samsung SDS
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. The Nippon Signal
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. ST Electronics
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Gunnebo
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Scheidt and Bachmann
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 . Indra Company
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Shanghai Potevio Company Limited
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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