Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size, Product Categories, Applications, and Forecast: 2024-2030

    AFC System consists of Central Computer System, Station Computer System and Station Equipment.

    Central Computer System

    Central Computer System is the AFC management center which is responsible for generating reports, receiving ticketing data from station computer, sending control command, downloading system parameter and ticket price list to station computer.

    Station Computer System

    The primary role of the Station Computer is to provide the usage data collection, downloading of fare related parameters to the AFC equipment; control, monitoring and management of the AFC equipment. Its secondary role is to provide the station reports (if required) and support the sales office and customer service. It is able to function independently should there be a failure in the communication link with the central computer.

    Station Equipment

    These are all the front-end equipment/devices, which are used to serve the commuter. These consist of Ticket Vending Machines, Fare Gates, Booking Office Machines, Mobile and Hand-Held Terminals and Ticket Recharging Machines etc. Typically the requirement for each implementation may vary in terms of the quantity of the equipment/devices.

    Smart Cards

    Smart Cards generally support faster and more flexible fare collection systems. Contactless or Proximity Smart Cards permit faster processing times than magnetic stripe cards or contact smart cards. They also facilitate processing of differentiated fare structures such as time-based and distance-based fare structures and fare integration across several modes and operators. A hybrid or "dual-interface" smart card can expand the application of smart cards beyond transit.

    This report focus on the Station Equipment (terminal equipment) of Smart Cards Automated Fare Collection System.

    The global market for Smart Cards Automatic Fare Collection (AFC) Terminal Equipment was estimated to be worth US$ 5203.9 million in 2023 and is forecast to a readjusted size of US$ 8067.4 million by 2030 with a CAGR of 7.1% during the forecast period 2024-2030

    Rising Adoption of Contactless Payment Methods: Contactless payment methods, such as smart cards and mobile payment solutions, are gaining popularity in various industries, including public transportation. Smart Cards AFC Terminal Equipment supports contactless payment options, allowing passengers to tap their smart cards or mobile devices to pay for fares quickly and securely. The trend towards contactless payments drives the demand for AFC terminal equipment that can accommodate these payment methods.

    Global key manufacturers of Automatic Fare Collection (AFC) equipment are Cubic Corporation, Thales Group, Omron Corporation, The Nippon Signal, Scheidt & Bachmann, GMV, Indra Company, and others. The top three manufacturers together hold 25% of the market share, with the largest manufacturer being Cubic Corporation at 10%.

Global Leading Market Research Publisher QYResearch announces the release of its latest report “Smart Cards Automatic Fare Collection (AFC) Terminal Equipment - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”. Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Smart Cards Automatic Fare Collection (AFC) Terminal Equipment market, including market size, share, demand, industry development status, and forecasts for the next few years.

The report provides advanced statistics and information on global market conditions and studies the strategic patterns adopted by renowned players across the globe. As the market is constantly changing, the report explores competition, supply and demand trends, as well as the key factors that contribute to its changing demands across many markets.

This information will help stakeholders make informed decisions and develop effective strategies for growth. The report's analysis of the restraints in the market is crucial for strategic planning as it helps stakeholders understand the challenges that could hinder growth. This information will enable stakeholders to devise effective strategies to overcome these challenges and capitalize on the opportunities presented by the growing market. Furthermore, the report incorporates the opinions of market experts to provide valuable insights into the market's dynamics. This information will help stakeholders gain a better understanding of the market and make informed decisions.

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Global Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market: Driven factors and Restrictions factors

The research report encompasses a comprehensive analysis of the factors that affect the growth of the market. It includes an evaluation of trends, restraints, and drivers that influence the market positively or negatively. The report also outlines the potential impact of different segments and applications on the market in the future. The information presented is based on historical milestones and current trends, providing a detailed analysis of the production volume for each type from 2019 to 2030, as well as the production volume by region during the same period.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Smart Cards Automatic Fare Collection (AFC) Terminal Equipment market is segmented as below:

By Company

    Cubic Corporation

    Thales Group

    Omron Corporation

    The Nippon Signal

    Scheidt & Bachmann

    GMV

    Indra Company

    Gunnebo

    LECIP Group

    UniTTEC

    Huaming

    INIT

    Huahong Jitong

    Genfare

    Bonin Fortune Access Equipment

    Haiputian Intelligent Technology

Segment by Type

    Fare Gates

    Ticket Vending Machine

    Ticket Checking Machine

    Others

Segment by Application

    Bus

    Railway

    Others

Each chapter of the report provides detailed information for readers to further understand the Smart Cards Automatic Fare Collection (AFC) Terminal Equipment market:

Chapter 1: Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Product Definition, Product Types, Sales Volume and Revenue analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2019 to 2024.

Chapter 2: Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers’ commercial date of Household Hazardous Waste Disposal, product type offered by each manufacturer, Mergers & Acquisitions activities, Expansion activities occurred in the Smart Cards Automatic Fare Collection (AFC) Terminal Equipment industry.

Chapter 3: Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Historical (2019-2023) and forecast (2024-2030) sales and revenue analysis of Smart Cards Automatic Fare Collection (AFC) Terminal Equipment in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.

Chapter 4: Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Product Application, Volume and Revenue analysis of Each Application in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2019 to 2024.

Chapter 5 to 9: Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, including volume and revenue analysis.

Chapter 10: Manufacturers’ Outline, covering company’s basic information like headquarter, contact information, major business, Smart Cards Automatic Fare Collection (AFC) Terminal Equipment introduction, etc. Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Sales, Revenue, Price and Gross Margin of each company as well as Recent Development are also contained in this part.

Chapter 11: Industry Chain, including raw materials, manufacturing cost, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter.

Chapter 12: Market Channel, Distributors and Customers are listed.

Chapter 13: QYResearch’s Conclusions of Smart Cards Automatic Fare Collection (AFC) Terminal Equipment market based on comprehensive survey.

Chapter 14: Methodology and Data Sources.

Table of Contents

1 Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Overview

1.1Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Product Overview

1.2 Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market by Type

1.3 Global Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size by Type

1.3.1 Global Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size Overview by Type (2019-2030)

1.3.2 Global Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Historic Market Size Review by Type (2019-2024)

1.3.3 Global Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Forecasted Market Size by Type (2025-2030)

1.4 Key Regions Market Size by Type

1.4.1 North America Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Sales Breakdown by Type (2019-2024)

1.4.2 Europe Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Sales Breakdown by Type (2019-2024)

1.4.3 Asia-Pacific Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Sales Breakdown by Type (2019-2024)

1.4.4 Latin America Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Sales Breakdown by Type (2019-2024)

1.4.5 Middle East and Africa Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Sales Breakdown by Type (2019-2024)

2 Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Competition by Company

2.1 Global Top Players by Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Sales (2019-2024)

2.2 Global Top Players by Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Revenue (2019-2024)

2.3 Global Top Players by Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Price (2019-2024)

2.4 Global Top Manufacturers Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Manufacturing Base Distribution, Sales Area, Product Type 

2.5 Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Competitive Situation and Trends

2.5.1 Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Concentration Rate (2019-2024)

2.5.2 Global 5 and 10 Largest Manufacturers by Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Sales and Revenue in 2023

2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Smart Cards Automatic Fare Collection (AFC) Terminal Equipment as of 2023)

2.7 Date of Key Manufacturers Enter into Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market

2.8 Key Manufacturers Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Product Offered

2.9 Mergers & Acquisitions, Expansion  

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