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 global Automatic Fare Collection (AFC) Station Equipment market is projected to grow at a CAGR of 6.8% during the forecast period 2021-2026. The market size is estimated to reach USD 10.5 billion by 2026, driven by increasing demand for efficient ticketing systems in public transportation and technological advancements in AFC equipment.
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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 highly competitive with key players such as Cubic Corporation, Thales Group, and Omron Corporation leading the market. These companies provide advanced AFC station equipment solutions that enhance ticketing and payment systems in public transportation. Sales revenue of some players: Cubic Corporation - $1.41 billion, Thales Group - $20.6 billion.
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Market Segmentation
By Application
◍ Railway
◍ Parking
◍ Entertainment Place
By Product
◍ BOM
◍ TVM
◍ Fare Gates
◍ TCM
◍ Handhel Terminal
◍ Others
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$ X Billion USD
Market Growth
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