Global Automatic Fare Collection (AFC) Machine market cagr 8.5%

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Automatic Fare Collection (AFC)

Machine Market

Automatic Fare Collection (AFC) Machine Market

Scope: Industry Analysis, Market Size, Growth, Trends Till 2031

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Automatic Fare Collection (AFC) Machine Market Size and Growth

The global Automatic Fare Collection (AFC) Machine market is expected to grow at a CAGR of 11.3% from 2021 to 2026. The market size is projected to reach $6.8 billion by 2026, driven by increasing demand for efficient and convenient public transportation systems. Key players in the industry include Thales Group, Cubic Corporation, and Samsung SDS. Request Sample Report

Companies Covered (Covid 19 Impact Covered)

◍ Cubic

◍ Thales

◍ Omron

◍ Samsung SDS

◍ The Nippon Signal

◍ ST Electronics

◍ Gunnebo

◍ Scheidt & Bachmann

◍ Indra Company

◍ Shanghai Potevio Company Limited

◍ NXP Semiconductors

◍ United

◍ Huaming

◍ Advance Cards Systems

◍ Huahong Jitong

◍ GaoXin Modern

◍ LECIP Group

GRG Banking

The Automatic Fare Collection (AFC) Machine Market is highly competitive with key players like Cubic, Thales, Omron, Samsung SDS, and more offering innovative solutions. These companies utilize AFC machines to enhance ticketing processes, improve efficiency, and provide seamless transportation experiences. Sales revenue figures: Cubic - $1.49 billion, Thales - $19.69 billion, Omron - $7.66 billion. Request Sample Report

Market Segmentation

By Application

◍ Rail & Transit Solution

◍ Entertainment Solution

◍ Others

By Product

◍ Ticket Vending Machine

◍ Ticket Office Machine

◍ Fare Gates

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$ X Billion USD
Market Growth
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