Market Growth of Transit Cards Market: 2019-25 Global Business Analysis with Top Company ProfilesTransit 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 card 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.
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This report studies the global Transit Cards market size of Transit Cards in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Transit Cards in these regions.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Gemalto, Watchdata, Athena, CardLogix, Infineon Solutions.
It also provides Transit Cards breakdown data by types like Bus Card, Subway Card, Others and by applications like Traffic, Transportation, Others.
Major Points from Table of Contents
1 Study Coverage
2 Executive Summary
3 Market Size by Manufacturers
4 Transit Cards Production by Regions
5 Transit Cards Consumption by Regions
6 Market Size by Type
7 Market Size by Application
8 Manufacturers Profiles
9 Production Forecasts
10 Consumption Forecast
11 Value Chain and Sales Channels Analysis
12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
13 Key Findings in the Global Transit Cards Study
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