Automatic Fare Collection (AFC)
Systems Market
Automatic Fare Collection (AFC) Systems Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Automatic Fare Collection (AFC) Systems Market Size
and Growth
The global Automatic Fare Collection (AFC) Systems market is projected to grow at a steady rate over the forecast period, driven by increasing urbanization and the need for efficient public transportation systems. The market size is estimated to reach $11.2 billion by 2026, with a CAGR of 9.2%.
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Companies Covered (Covid 19 Impact Covered)
◍ United
◍ Omron
◍ Samsung SDS
◍ Thales
◍ Gunnebo
◍ Chinasoft International
◍ Huaming
◍ GaoXin Modern
◍ NXP Semiconductors
◍ Shanghai Potevio Company Limited
◍ GRG Banking
◍ Huahong Jitong
◍ Easyway
◍ ST Electronics
◍ KML Engineering Limited
◍ Advance Cards Systems
The Automatic Fare Collection (AFC) Systems Market is highly competitive with key players like United, Omron, Samsung SDS, Thales, Gunnebo, Chinasoft International, NXP Semiconductors, and others. These companies provide innovative AFC solutions for transportation systems worldwide, driving growth in the market.
- United: $2.5 billion
- Omron: $7.2 billion
- Samsung SDS: $13.6 billion
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Market Segmentation
By Application
◍ Rail & Transit Solution
◍ Entertainment Solution
◍ Others
By Product
◍ Ticket Vending Machine
◍ Ticket Office Machine
◍ Fare Gates
◍ IC Cards
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$ X Billion USD
Market Growth
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