Global Transit Cards Market 2019:By Applications and Industry Top Player’s- Gemalto, Watchdata, Athena, CardLogix, Infineon Solutions forecast to 2025

Global Transit Cards Market 2019-2025
Transit card or travel card is referred to the bus, train or metro ticket that allows the passenger to take unlimited trips in a fixed period of time or to take a certain number of pre purchased trips. The global transit cards market is expected to witness a robust growth rate during the forecast period due to the emerging trend of the use of contactless transit cards in transportation. Compared to the contact based cards, this contactless smart cards are easy and convenient to use.

These contactless transit cards have become the preferred choice for transportation owing to the fact that they enable fast identification of the individual. It also allows fast fare payment allowing high passenger throughput in less time as these transit cards do not have to be swiped, inserted or scanned by the reader.

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The increase in population and urbanization has resulted in the growing need for mobility. Public transportation has become the most preferred mode of transportation for people to avoid problems such as air pollution and traffic congestion. Traveling by buses, trains, and metros is often more comfortable, convenient, and cost-effective. To make traveling for people more convenient and comfortable, public transport systems use modern ticketing systems such as contactless ticketing, which allows high passenger throughput.

The APAC region was the market leader for transit cards in 2017. Factors contributing to the growth in this market are the presence of large transportation companies in this region, greater acceptance of contactless smart cards, and the growing penetration of transit cards in cities like Singapore and Hong Kong, and even in countries like Australia, Japan, and South Korea.

Global Transit Cards Market Top Players are
• Gemalto
• Watchdata
• Athena
• CardLogix
• Infineon Solutions

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This report presents the worldwide Transit Cards market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.

Global Transit Cards Market Segmentation
Transit Cards Breakdown Data by Type
• Bus Card
• Subway Card
• Others

Transit Cards Breakdown Data by Application
• Traffic
• Transportation
• Others

Transit Cards Production by Region
• United States
• Europe
• China
• Japan
• South Korea
• Other Regions

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