Automatic Fare Collection (AFC)
Station Equipment
Market
Automatic Fare Collection (AFC) Station Equipment
Market Scope: Industry Analysis, Market Size,
Growth, Trends Till 2031
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Automatic Fare Collection (AFC) Station Equipment
Market Size and Growth
The Automatic Fare Collection (AFC) Station Equipment market is experiencing significant growth, driven by urbanization and increased public transport adoption. The market size was valued at approximately $XX billion in 2023 and is projected to expand at a CAGR of XX% through 2030, reflecting advancements in technology and user convenience.
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Companies Covered
(Covid 19 Impact Covered)
◍ Cubic Corporation
◍ The Nippon Signal
◍ Omron Corporation
◍ Scheidt & Bachmann
◍ Thales Group
◍ INIT
◍ Huaming
◍ Xerox
◍ GFI Genfare
◍ LECIP
◍ Shanghai Potevio Company Limited
◍ Gunnebo
◍ GMV
◍ Huahong Jitong
◍ GRG Banking
The Automatic Fare Collection (AFC) Station Equipment Market is competitive, featuring companies like Cubic Corporation, Nippon Signal, and Omron. These firms innovate and provide integrated ticketing solutions, enhancing efficiency in public transport. They contribute to market growth through technology advancements and services. Notable sales include:
- Cubic Corporation: ~$1.5 billion
- Thales Group: ~$19 billion
- INIT: ~$290 million.
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Market Segmentation
By Application
Railway
Parking
Entertainment Place
By Product
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Handhel Terminal
Others
Market Growth
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$ X Billion USD
