“Automatic Fare Collection (AFC) Station Equipment Market” Size | 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
The global Automatic Fare Collection (AFC) Station Equipment market was valued at USD million in 2020 and it is expected to reach USD million by the end of 2027, growing at a CAGR of % during 2021-2027.
Global Automatic Fare Collection (AFC) Station Equipment Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Automatic Fare Collection (AFC) Station Equipment Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Final Report will add the analysis of the impact of COVID-19 on this industry.
The research report studies the Automatic Fare Collection (AFC) Station Equipment market utilizing different procedures and examinations to give exact and through and through information about the market. The Automatic Fare Collection (AFC) Station Equipment Market offers an intensive Analysis of market size, share, growth scope and Outlook Prospects of the Automatic Fare Collection (AFC) Station Equipment industry. This report gives every one of the essential information had to know the key developments in the market spending in Automatic Fare Collection (AFC) Station Equipment market and extension patterns of each segment and region.
List Of TOP KEY PLAYERS in Automatic Fare Collection (AFC) Station Equipment Market Report are –
- Cubic Corporation
- The Nippon Signal
- Omron Corporation
- Scheidt & Bachmann
- Thales Group
- GFI Genfare
- Shanghai Potevio Company Limited
- Huahong Jitong
- GRG Banking
Type Coverage (Market Size & Forecast, Major Company of Product Type etc.)
- Fare Gates
- Handhel Terminal
Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile):
- Entertainment Place
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This Automatic Fare Collection (AFC) Station Equipment Market Report Provides Comprehensive Analysis:
- Automatic Fare Collection (AFC) Station Equipment Market segments and sub-segments
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Quantifying market opportunities through market sizing and market forecasting
- Tracking current trends/opportunities/challenges Competitive insights
- Opportunity mapping in terms of technological breakthroughs
Geographical Segmentation and Competition Analysis
- North America (U.S., Canada, Mexico)
- Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
- Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
- Latin America (Brazil, Rest of L.A.)
- Middle East and Africa (Turkey, GCC, Rest of Middle East)
With tables and figures helping analyze worldwide Global Automatic Fare Collection (AFC) Station Equipment Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market
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