Smart Cards Automatic Fare
Collection (AFC)
Terminal Equipment
Market
Smart Cards Automatic Fare Collection (AFC)
Terminal Equipment Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Growth
The Smart Cards Automatic Fare Collection (AFC) Terminal Equipment market is experiencing significant growth, driven by the increasing demand for efficient public transport solutions. The market size is projected to reach USD 2 billion by 2025, fueled by technological advancements and expanding urban mobility initiatives, enhancing passenger convenience and operational efficiency.
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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 Smart Cards Automatic Fare Collection (AFC) Terminal Equipment market is competitive, featuring companies like Cubic Corporation and Thales Group. These firms innovate fare collection systems, enhancing efficiency and user experience. Revenue figures include:
- Cubic Corporation: $1.4 billion
- Thales Group: €19 billion
- Omron Corporation: $7.5 billion
This drive fosters market growth.
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Market Segmentation
By Application
Bus
Railway
Parking
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By Product
Farebox Product
Ticket vending machines (TVM) Product
Validator Product
Market Growth
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$ X Billion USD
