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Automatic Fare Collection System (AFC) is a contactless smartcard-based end-to-end solution for fare collection and payment.
AFC machine is the equipment used in the automatic fare collection system. The elements of AFC system are:
Ticket vending machines (TVMs), where passengers can buy a ticket for their journey
Ticket office machines (TOMs), used by railway staff to issue tickets at stations
Add value machines (AVMs), where passengers having a stored value ticket can increase the residual value.
Fare gates, which form a barrier between the "unpaid" area of the station and the "paid" area where passengers must possess a valid ticket.The faregate will read and release the gate when a valid ticket is presented.
Tickets, which come in a number of varieties (according to the system in use) but which all have an electronically encoded data content indicating the validity and/or use of the ticket.
A computerised accounting and management system, which consists of a station computer for each station and a central computer linked to all the stations.
Market Analysis and Insights: Global Automatic Fare Collection (AFC) Station Equipment Market
Due to the COVID-19 pandemic, the global Automatic Fare Collection (AFC) Station Equipment market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, BOM accounting for % of the Automatic Fare Collection (AFC) Station Equipment global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Railway segment is altered to an % CAGR throughout this forecast period.
China Automatic Fare Collection (AFC) Station Equipment market size is valued at US$ million in 2021, while the US and Europe Automatic Fare Collection (AFC) Station Equipment are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Automatic Fare Collection (AFC) Station Equipment landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Automatic Fare Collection (AFC) Station Equipment include Cubic Corporation, The Nippon Signal, Omron Corporation, Scheidt & Bachmann, Thales Group, INIT, Huaming, Xerox and GFI Genfare, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Automatic Fare Collection (AFC) Station Equipment capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Automatic Fare Collection (AFC) Station Equipment by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Automatic Fare Collection (AFC) Station Equipment Scope and Segment
Automatic Fare Collection (AFC) Station Equipment market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Automatic Fare Collection (AFC) Station Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
BOM
TVM
Fare Gates
TCM
Handhel Terminal
Others
Segment by Application
Railway
Parking
Entertainment Place
By Company
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
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
AFC machine is the equipment used in the automatic fare collection system. The elements of AFC system are:
Ticket vending machines (TVMs), where passengers can buy a ticket for their journey
Ticket office machines (TOMs), used by railway staff to issue tickets at stations
Add value machines (AVMs), where passengers having a stored value ticket can increase the residual value.
Fare gates, which form a barrier between the "unpaid" area of the station and the "paid" area where passengers must possess a valid ticket.The faregate will read and release the gate when a valid ticket is presented.
Tickets, which come in a number of varieties (according to the system in use) but which all have an electronically encoded data content indicating the validity and/or use of the ticket.
A computerised accounting and management system, which consists of a station computer for each station and a central computer linked to all the stations.
Market Analysis and Insights: Global Automatic Fare Collection (AFC) Station Equipment Market
Due to the COVID-19 pandemic, the global Automatic Fare Collection (AFC) Station Equipment market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, BOM accounting for % of the Automatic Fare Collection (AFC) Station Equipment global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Railway segment is altered to an % CAGR throughout this forecast period.
China Automatic Fare Collection (AFC) Station Equipment market size is valued at US$ million in 2021, while the US and Europe Automatic Fare Collection (AFC) Station Equipment are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Automatic Fare Collection (AFC) Station Equipment landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Automatic Fare Collection (AFC) Station Equipment include Cubic Corporation, The Nippon Signal, Omron Corporation, Scheidt & Bachmann, Thales Group, INIT, Huaming, Xerox and GFI Genfare, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Automatic Fare Collection (AFC) Station Equipment capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Automatic Fare Collection (AFC) Station Equipment by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Automatic Fare Collection (AFC) Station Equipment Scope and Segment
Automatic Fare Collection (AFC) Station Equipment market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Automatic Fare Collection (AFC) Station Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
BOM
TVM
Fare Gates
TCM
Handhel Terminal
Others
Segment by Application
Railway
Parking
Entertainment Place
By Company
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
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
