The global smart cards automatic fare collection (AFC) terminal equipment market is expected to grow at a CAGR of 7.2% during the forecast period, from 2021 to 2030. The growth of this market is attributed to the increasing demand for smart cards and NFC-enabled mobile devices, which are used for payment transactions in various industries such as transportation, retail, and banking. The growing adoption of contactless payments has led to an increase in the number of contactless terminals being deployed across various industries. In addition, the introduction of new technologies such as biometrics and artificial intelligence has also contributed towards the growth of this market.
The global smart cards automatic fare collection (AFC) terminal equipment market by type includes farebox product, ticket vending machines (TVM) product, validator product; by application includes bus, railway and parking; by region includes North America (NA), Latin America (LA), Europe (EU), Asia Pacific & Middle East & Africa(APMEA).
Some Of The Growth Factors Of This Market:
- The growth of Smart Cards Automatic Fare Collection (AFC) Terminal Equipment market is driven by the increasing demand for contactless payment systems and growing need for security in public transportation systems.
- The major players in the Smart Cards Automatic Fare Collection (AFC) Terminal Equipment market are focusing on developing new technologies to offer better services and products to their customers, which will help them maintain their competitive position in this market during the forecast period.
- The high cost of installation and maintenance of these terminals is one of the major challenges faced by players operating in this market, which can be overcome with government subsidies or incentives from manufacturers or service providers that provide these terminals as part of a package deal with other services such as installation, maintenance, etc,.
- Increasing adoption rates among transit authorities across various regions will also drive growth in this market during the forecast period.
Industry Growth Insights published a new data on “Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market”. The research report is titled “Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market research by Types (Farebox Product, Ticket vending machines (TVM) Product, Validator Product), By Applications (Bus, Railway, Parking), By Players/Companies 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”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Research Report
By Type
Farebox Product, Ticket vending machines (TVM) Product, Validator Product
By Application
Bus, Railway, Parking
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
 Terminal Equipment Industry Outlook.svg)
Global Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Report Segments:
The global Smart Cards Automatic Fare Collection (AFC) Terminal Equipment market is segmented on the basis of:
Types
Farebox Product, Ticket vending machines (TVM) Product, Validator Product
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bus, Railway, Parking
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
 Terminal Equipment Market Overview.svg)
Highlights of The Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Farebox Product
- Ticket vending machines (TVM) Product
- Validator Product
- By Application:
- Bus
- Railway
- Parking
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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 Terminal Equipment Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
AFC is a type of automatic fare collection terminal equipment that uses smart cards to collect fares from passengers. The smart cards are inserted into the machine, and the passenger's boarding pass or ticket is scanned.
Some of the major companies in the smart cards automatic fare collection (afc) terminal equipment market are 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 expected to register a CAGR of 7.2%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market - Supply Chain
4.5. Global Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Forecast
4.5.1. Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Absolute $ Opportunity
5. Global Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Type
5.3.1. Farebox Product
5.3.2. Ticket vending machines (TVM) Product
5.3.3. Validator Product
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Application
6.3.1. Bus
6.3.2. Railway
6.3.3. Parking
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Demand Share Forecast, 2019-2029
9. North America Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Application
9.4.1. Bus
9.4.2. Railway
9.4.3. Parking
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Type
9.7.1. Farebox Product
9.7.2. Ticket vending machines (TVM) Product
9.7.3. Validator Product
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Demand Share Forecast, 2019-2029
10. Latin America Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Application
10.4.1. Bus
10.4.2. Railway
10.4.3. Parking
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Type
10.7.1. Farebox Product
10.7.2. Ticket vending machines (TVM) Product
10.7.3. Validator Product
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Demand Share Forecast, 2019-2029
11. Europe Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Application
11.4.1. Bus
11.4.2. Railway
11.4.3. Parking
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Type
11.7.1. Farebox Product
11.7.2. Ticket vending machines (TVM) Product
11.7.3. Validator Product
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Demand Share, 2019-2029
12. Asia Pacific Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Application
12.4.1. Bus
12.4.2. Railway
12.4.3. Parking
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Type
12.7.1. Farebox Product
12.7.2. Ticket vending machines (TVM) Product
12.7.3. Validator Product
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Demand Share, 2019-2029
13. Middle East & Africa Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Application
13.4.1. Bus
13.4.2. Railway
13.4.3. Parking
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market Size and Volume Forecast by Type
13.7.1. Farebox Product
13.7.2. Ticket vending machines (TVM) Product
13.7.3. Validator Product
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market: Market Share Analysis
14.2. Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Distributors and Customers
14.3. Smart Cards Automatic Fare Collection (AFC) Terminal Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cubic Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. The Nippon Signal
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Omron Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Scheidt & Bachmann
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Thales Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. INIT
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Huaming
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Xerox
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. GFI Genfare
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. LECIP
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shanghai Potevio Company Limited
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Gunnebo
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. GMV
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Huahong Jitong
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. GRG Banking
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
