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 research reports reveal a growing demand for automated fare collection systems worldwide. The market size is projected to reach USD 11.9 billion by 2027, driven by advancements in technology and increasing adoption of smart card-based payment solutions in public transportation systems.
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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 highly competitive with companies like Cubic Corporation, Thales Group, and Omron Corporation leading the market. These companies provide innovative AFC terminal equipment solutions to transportation systems worldwide, contributing to the growth of the market.
- Cubic Corporation sales revenue: $1.49 billion
- Thales Group sales revenue: $18.13 billion
- Omron Corporation sales revenue: $7.24 billion
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Market Segmentation
By Application By Product
◍ Bus
◍ Railway
◍ Parking
◍ Farebox Product
◍ Ticket vending machines (TVM) Product
◍ Validator Product
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$ X Billion USD
Market Growth
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