Automated Fare Collection (Afc) Market Size, Emerging Trends and Overview to 2025: Hexa Reports

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Automated Fare Collection (AFC) Market Analysis, Share

and Size, Trends, Industry Growth, Overview And Segment

Forecasts To 2025

The global automated fare collection (AFC) market is expected to reach USD 10.74 billion by 2025

according to a new report by Grand View Research, Inc. Automated fare collection systems are the

collective components which enable the automated ticketing system for public transportation network.

They provide a stable and integrated platform for all the activities regarding the fare collection with

equipment like automatic gate machine, ticket vending machine, and ticket checking machine.

Automated fare collection systems are used in a number of high transit areas including government

buildings, large commercial workplaces and public transport ports.

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The growing demand for an efficient, automated and hassle free transportation is fueling the need for

automated fare collection systems.

The passenger traffic is growing by leaps and bounds worldwide due to ever rising population which in

turn is pressurizing the government to initiate and implement new and innovative ways to manage the

public transportation services. This is boosting the trend of automated fare collection in several

countries as the government is investing increasingly in the infrastructure development.

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The need for automated, easy to use, and compact systems for everyday use is also driving the

automated fare collection market as with recent technological advancements fare collection has

become wireless and multifunctional.

There is growing demand for the automated fare collection systems owing to the developments in the

metro infrastructures and increasing government investments from developing economies of Asia

Pacific region.

The...