The Automated Fare Collection (AFC) market is a segment of the public transport industry that focuses on the development and implementation of automated systems for collecting fares from passengers. These systems are designed to streamline the fare collection process, reduce costs, and improve the overall customer experience. AFC systems typically include ticket vending machines, ticket validators, and fare gates. They can also include contactless payment systems, such as smart cards, mobile phones, and other digital payment methods. AFC systems are used in a variety of public transport systems, including buses, trains, trams, and ferries. They are also used in airports, parking lots, and other transportation hubs. The use of AFC systems has become increasingly popular in recent years, as they provide a more efficient and secure way to collect fares. Some of the major companies in the AFC market include Cubic Corporation, Thales Group, Scheidt & Bachmann, Nippon Signal, and Hoeft & Wessel. Show Less Read more
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