Global Automatic Fare Collection (AFC) Station Equipment Market Report 2023-2029 (published in 2023) | |
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 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 fare gate will read and release the gate when a valid ticket is presented. The global key manufacturers of Automatic Fare Collection (AFC) Station Equipment include Cubic Corporation, Thales Group, Omron Corporation, The Nippon Signal, Scheidt & Bachmann, GMV, Indra Company, Gunnebo, LECIP Group, UniTTEC, etc. In 2022, the global top five players had a share approximately 37.0% in terms of revenue. For more information, please contact the following e-mail address: Email: global@qyresearch.com Website: https://www.qyresearch.com ![]() | |
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