India Automated Fare Collection Systems Market (2018-2024) | Forecast, Share, Value, Growth, Companies, Industry, Revenue, Size, Outlook, Trends & Analysis

Market Forecast By Applications (Metro Railway, Bus Transport, Parking Solution and Others), By AFC Systems Technologies (Near-Field Communication, Magnetic Strips & Tokens, QR Code/Barcode, and Smart Cards), By Types (Hardware and Software), By Metro Hardware Systems (Ticket Vending Machine, Ticket Office Machine, Fare Gates, Smart Card Ticketing, Central Computer, and Station Infrastructure), By Regions (Northern, Western, Eastern and Southern) and Competitive Landscape

Product Code: ETC000431 Publication Date: Oct 2019 Product Type: Report
Publisher: 6Wresearch No. of Pages: 104 No. of Figures: 32 No. of Tables: 14

The rising need for a faster payment process owing to the increasing number of daily travelers/commuters has buoyed the demand for offering rapid payment solutions across the country. Additionally, with smart city development projects, the government is taking several key measures for the growth of rapid transport solutions in India, especially in the Tier-I and Tier-II cities. With the swift development of transport solutions, the automated fare collection systems market is registering higher growth over the past few years.

According to 6Wresearch, India's automated fare collection (AFC) systems market size is projected to grow at a CAGR of over 18% during 2018-24. In terms of market applications, metro railway transport dominated the overall market revenues on account of the need for faster and automatic payment solutions across all metro railways in the country. Additionally, with the increasing adoption of public transportation primarily, metro railways, and rapid bus transport systems in Tier-I and II cities by daily commuters, the AFCS market is anticipated to generate considerable growth prospects over the coming years.

In terms of regions, the Northern region accounted for the highest India automated fare collection Systems (AFC) market share in 2017. Moreover, the region is likely to continue its dominance during the forecast period as well, owing to upcoming/ongoing metro railway projects and parking solutions, especially in the Delhi/NCR region.

Some of the key players in India's automated fare collection systems market include- Samsung SDS, AGS Transact, Indra Sistemas, Thales India, AUM Infotech, Efkon India, Cubic Transportation, MCML Projects, Ingenico International, and NEC Technologies.

The India automated fare collection systems market report thoroughly covers the automated fare collection systems market by applications, AFC technology, type, hardware systems, and regions. The India automated fare collection systems market outlook report provides an unbiased and detailed analysis of the India automated fare collection systems market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics. In India, the automated fare collection system market raising the faster payment increasing number of daily traveler’s demands to increase in rapid payment solutions in the country. In a smart city, the government introduced a new project several keys taking for the growth of rapid transport in India. The growth in Tier I and Tier II cities the development of transport the automated fare collection system market register the higher growth in the past few years. According to research in India, automated fare collection systems grow more in upcoming years. The automated fare collection system will help in generating more revenue during the forecast period.

Automated Fare Collection systems are the detailed analysis of the market trends and opportunities growth areas that align their strategies for the growth of the AFRC systems based on the current and future market. The growth in Tier I and Tier II cities the development of transport the automated fare collection system market register the higher growth in the past few years. India Automated Fare Collection Systems Market is a growing market and covers all market applications such as hardware systems, AFC technology, software system, and region. According to research in India, automated fare collection systems grow more in upcoming years. 

The India Automated Fare Collection Systems Market is anticipated to register potential revenue growth in the upcoming six years owing to rising advancements and the need for quick and effective e-ticketing systems in the country which tend to reduce labor and cut costs. Also, the rising value proposition of using smart cards has reduced the problem of standing in long queues and, from the industrial point of view, has increased the convergence of collaboration between the two sectors. However, the RFID and smart technology use in the transport facility is only limited to Metro Corporation, the rail and other transport industries are anticipated to register potential adoption in the coming years. 

India automated fare collection system market is anticipated to witness enormous growth during the forecast period 2020-26F backed by rising tourists and travelers. Automated fare collection is programmed to eliminate the necessity of ticket counters. Rapid payment solution is leading to saves time this component has been contributing positive impact over the market growth. Further, increased technological up-gradation with respect to the payment method by launching POS terminal and digitalize payment systems coupled with a rise in the use of the smart card and electronic payments are anticipated to spur the potential growth of India automated fare collection system market in the coming years.

Key Highlights of the Report:

• India Automated Fare Collection Systems market Overview 
• India Automated Fare Collection Systems market Outlook
• India Automated Fare Collection Systems Market Forecast
• Historical and Forecast Data of India Automated Fare Collection Systems Market Revenues By
  for the Period 2014-2024
• India Automated Fare Collection Systems Market Size and India Automated Fare Collection By
  Systems Market Forecast of Revenues for the Period 2014-2024
• Historical and Forecast Data of India Automated Fare Collection Systems Market Revenues, By
   Applications for the Period 2014-2024
• Historical and Forecast Data of India Automated Fare Collection Systems Market Revenues, By
   Metro Railway Hardware Vs. Software for the Period 2014-2024
• Historical and Forecast Data of India Automated Fare Collection Systems Market Revenues, By
   Bus Transport Hardware Vs. Software for the Period 2014-2024
• Historical and Forecast Data of India Automated Fare Collection Systems Market Revenues, By
   Parking Solution Hardware Vs. Software for the Period 2014-2024
• Historical and Forecast Data of India Automated Fare Collection Systems Market Revenues, By
   Regions for the Period 2014-2024
• Historical Data of India Automated Fare Collection Systems Market Revenues, By Regions By
  for the Period 2014-2017
• Market Size & Forecast of India Automated Fare Collection Systems Market Revenues, By By
  Regions until 2024
• Market Drivers and Restraints
• India Automated Fare Collection Systems Market Trends and Development
• Value Chain and Ecosystem Analysis, Porter's Five Forces Analysis
• India Automated Fare Collection Systems Market Share, By Players
• India Automated Fare Collection Systems Market Overview on Competitive Landscape 
• Company Profiles
• Key Strategic Pointers

Markets Covered:

The India automated fare collection systems market report provides a detailed analysis of the following market segments:

• By Applications

   o Metro Railway
    o Bus Transport
    o Parking Solution
    o Others

• By AFC Systems Technologies:

    o Near-Field Communication
    o Magnetic Strips & Tokens
    o QR Code/Barcode
    o Smart Cards

• By Types:

    o Hardware
    o Software

• By Metro Hardware Systems:

    o Ticket Vending Machine
    o Ticket Office Machine
    o Fare Gates
    o Smart Card Ticketing
    o Central Computer
    o Station Infrastructure

• By Regions:

    o Northern
    o Western
    o Eastern
    o Southern

Frequently Asked Questions About the Market Study (FAQs):
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

1 Executive Summary
2 Introduction
    2.1 Key Highlights of the Report
    2.2 Report Description
    2.3 Market Scope & Segmentation
    2.4 Assumptions & Methodology
3 India Automated Fare Collection Systems Market Overview
    3.1 India Automated Fare Collection Systems Market Revenues (2014-2024F)
    3.2 India Automated Fare Collection Systems Market- Industry Life Cycle
    3.3 India Automated Fare Collection Systems Opportunity Matrix, By Applications (2024F)
    3.4 India Automated Fare Collection Systems Market, Porter's Five Forces Model
    3.5 India Automated Fare Collection Systems Market Revenue Share, By Regions (2017 & 2024F)
    3.6 India Automated Fare Collection Systems Market Revenue Share, By Applications (2017 & 2024F)
    3.7 India Automated Fare Collection Systems Market Revenue Share, By Technology (2017 & 2024F)
4 India Automated Fare Collection Systems Market Dynamics
    4.1 Impact Analysis
    4.2 Market Drivers
    4.3 Market Restraints
5 India Automated Fare Collection Systems Market Trends
    5.1 Advanced Smart Cards
    5.2 OPEX Vs. Capex Model
    5.3 Reduction in Technical Glitches
6 India Automated Fare Collection Systems Market Applications Overview
    6.1 India Automated Fare Collection Systems Market Revenues, By Metro Railway Application,
           2014-2024F ($ Million)
    6.2 India Metro Railway Automated Fare Collection Systems Market Revenue Share, By Hardware Vs. Software
           (2017 & 2024F)
          6.2.1 India Metro Railway Automated Fare Collection Systems Market Revenues, By Hardware Vs. Software,
                   2014 - 2024F ($ Million)
    6.3 India Metro Railway Automated Fare Collection Systems Market Revenue Share, By Hardware Systems
           (2017 & 2024F)
          6.3.1 India Metro Railway Automated Fare Collection Systems Market Revenues, By Hardware Systems,
                   2014 - 2024F ($ Million)
    6.3 India Automated Fare Collection Systems Market Revenues, By Bus Transport Application,
           2014-2024F ($ Million)
    6.4 India Bus Transport Automated Fare Collection Systems Market Revenue Share, By Hardware Vs. Software
           (2017 & 2024F)
          6.4.1 India Bus Transport Automated Fare Collection Systems Market Revenues, By Hardware Vs. Software,
                   2014 - 2024F ($ Million)
    6.5 India Automated Fare Collection Systems Market Revenues, By Parking Solution Application,
           2014-2024F ($ Million)
    6.6 India Parking Solution Automated Fare Collection Systems Market Revenue Share, By Hardware Vs. Software
           (2017 & 2024F)
          6.6.1 India Parking Solution Automated Fare Collection Systems Market Revenues, By Hardware Vs. Software,
                   2014 - 2024F ($ Million)
    6.7 India Automated Fare Collection Systems Market Revenues, By Other Applications, 2014-2024F ($ Million)
7 India Automated Fare Collection Systems Market Technology Overview
    7.1 India Automated Fare Collection Systems Market Revenues, By NFC Technology, 2014-2024F ($ Million)
    7.2 India Automated Fare Collection Systems Market Revenues, By Magnetic Strips & Tokens Technology,
           2014-2024F ($ Million)
    7.3 India Automated Fare Collection Systems Market Revenues, By QR Code Technology, 2014-2024F ($ Million)
    7.4 India Automated Fare Collection Systems Market Revenues, By Smart Cards Technology, 2014-2024F ($ Million)
8 India Automated Fare Collection Systems Market Regions Overview
    8.1 India Automated Fare Collection Systems Market Revenue Share, By Northern Region, (2017 & 2024F)
    8.2 India Automated Fare Collection Systems Market Revenue Share, By Southern Region, (2017 & 2024F)
    8.3 India Automated Fare Collection Systems Market Revenue Share, By Eastern Region, (2017 & 2024F)
    8.4 India Automated Fare Collection Systems Market Revenue Share, By Western Region, (2017 & 2024F)
9 Competitive Landscape
    9.1 India Automated Fare Collection Systems Market Players' Revenues (2017)
    9.2 Competitive Benchmarking, By Operating Parameters
10 Company Profiles
    10.1 Samsung SDS India Pvt. Ltd.
    10.2 AGS Transact Technologies Ltd.
    10.3 Indra Sistemas India Pvt. Ltd.
    10.4 Thales India Pvt. Ltd
    10.5 AUM Infotech Pvt. Ltd.
    10.6 Efkon India Pvt. Ltd.
    10.7 Cubic Transportation System India Pvt. Ltd.
    10.8 MCML Projects Pvt. Ltd.
    10.9 Ingenico International India Pvt. Ltd.
    10.10 NEC Technologies India Pvt. Ltd.
11 Key Strategic Pointers
12 Disclaimer

List of Figures
1 India Automated Fare Collection Systems Market Revenues, 2014-2024F ($ Million)
2 Cumulative FDI inflows in India Construction Market, FY 2013-FY 1Q 2018($ Billion)
3 India Automated Fare Collection Systems Market Revenue Share, By Regions (2017 & 2024F)
4 India Automated Fare Collection Systems Market Revenue Share, By Applications (2017 & 2024F)
5 India Automated Fare Collection Systems Market Revenue Share, By System Technology (2017 & 2024F)
6 Number of Failures Occurrences in Metro One Operation Private Limited (2016-2017)
7 India AFC Systems Market Revenues, By Metro Railway Application, 2014-2023F ($ Million)
8 India AFC Systems Market Revenue Share, By Metro Railway Application (2017 & 2024F)
9 India Metro Railway AFC Systems Market Revenues Share, By Hardware Vs Software (2017 & 2024F)
10 India Metro Railway AFC Systems Market Revenues Share, By Hardware Systems (2017 & 2024F)
11 India AFC Systems Market Revenues, By Bus Transport Application, 2014-2023F ($ Million)
12 India AFC Systems Market Revenue Share, By Bus Transport Application (2017 & 2024F)
13 India Bus Transport AFC Systems Market Revenues Share, By Hardware Vs Software (2017 & 2024F)
14 India AFC Systems Market Revenues, By Parking Solution Application, 2014-2023F ($ Million)
15 India AFC Systems Market Revenue Share, By Parking Solution Application (2017 & 2024F)
16 India Parking Solution AFC Systems Market Revenues Share, By Hardware Vs Software (2017 & 2024F)
17 India AFC Systems Market Revenues, By Other Applications, 2014-2023F ($ Million)
18 India AFC Systems Market Revenue Share, By Other Applications (2017 & 2024F)
19 India AFC Systems Market Revenues, By NFC Technology, 2014-2023F ($ Million)
20 India AFC Systems Market Revenue Share, By NFC Technology (2017 & 2024F)
21 India AFC Systems Market Revenues, By Magnetic Strips & Tokens Technology, 2014-2023F ($ Million)
22 India AFC Systems Market Revenue Share, By Magnetic Strips & Tokens Technology (2017 & 2024F)
23 India AFC Systems Market Revenues, By QR Code Technology, 2014-2023F ($ Million)
24 India AFC Systems Market Revenue Share, By QR Code Technology (2017 & 2024F)
25 India AFC Systems Market Revenues, By Smart Cards Technology, 2014-2023F ($ Million)
26 India AFC Systems Market Revenue Share, By Smart Cards Technology (2017 & 2024F)
27 India Automated Fare Collection Systems Market Revenue Share, By Northern Region (2017 & 2024F)
28 India Automated Fare Collection Systems Market Revenue Share, By Southern Region (2017 & 2024F)
29 India Automated Fare Collection Systems Market Revenue Share, By Eastern Region (2017 & 2024F)
30 India Automated Fare Collection Systems Market Revenue Share, By Western Region (2017 & 2024F)
31 India Under Construction and Planning Phase Metro Projects
32 India Automated Fare Collection Systems Market Revenue Share, By Company (2017)

List of Tables
1 India Metro Railway Fare At a Glance, in $ (As of Nov. 2017)
2 India Delhi Metro Railway Revised Fare Prices (As of Dec. 2017)
3 India Public-Private Partnership (PPP Metro Projects)
4 India Metro Projects (As of Nov. 2017)
5 India Metro Railway AFC Systems Market Revenues, By Hardware Vs. Software, 2014-2017 ($ Million)
6 India Metro Railway AFC Systems Market Revenues, By Hardware Vs. Software, 2018E-2024F ($ Million)
7 India Metro Railway AFC Systems Market Revenues, By Hardware Systems, 2014-2017 ($ Million)
8 India Metro Railway AFC Systems Market Revenues, By Hardware Systems, 2018E-2024F ($ Million)
9 India National Highways Length, By Top 10 States, in KM (As of 30 June 2017)
10 India Key BRTS Projects at a Glance (As of Nov. 2017)
11 India Bus Transport AFC Systems Market Revenues, By Hardware Vs. Software, 2014-2017 ($ Million)
12 India Bus Transport AFC Systems Market Revenues, By Hardware Vs. Software, 2018E-2024F ($ Million)
13 India Parking Solution AFC Systems Market Revenues, By Hardware Vs. Software, 2014-2017 ($ Million)
14 India Parking Solution AFC Systems Market Revenues, By Hardware Vs. Software, 2018E-2024F ($ Million)

India Automated Fare Collection Systems Market (2018-2024)

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