Bus Card Reader Market Size, Share, Analysis, Industry Report and Forecast 2019-2025

The increasing concept of smart card automated fare collection system has witnessed across the globe, which in turn, is driving the global bus card reader market. These systems are now significantly adopted across the globe. The concept is well-advanced in the US and Europe. In the US, there is an implementation of smart card automated fare collection systems in Washington, San Francisco, New York, and Chicago. In Europe, the concept is well-developed, primarily in the UK, Italy, and France. In Canada, the card is implemented in the Montreal, Brantford, Gatineau, and Kingston transit systems. Further, in Asia-Pacific, several countries, including China and Singapore are increasingly adopting smart card solutions. For instance, the Singapore Government accepted the utilization of the EZ-Link card to offer unlimited public transport travel on basic bus services to the tourists. This card enables users to include credits for fare payments on the bus. These features and easy-to-use methods are likely to increase the demand for smart card readers in the region.

To Request a Sample of our Report on Bus Card Reader Market: https://www.omrglobal.com/request-sample/bus-card-reader-market

There are several initiatives for the implementation of smart card solutions in public transit have been witnessed over the years. For instance, in June 2016, Chicago’s CTA began a six-month all-door boarding station trial on the westbound Route 77 bus stop at the Belmont "L" Station during the afternoon peak period. Westbound buses have heavy boarding and transfer volumes at this stop as platoons of passengers transfer to the bus. Before the trial, boarding could take as long as five minutes, resulting in low reliability along the bus line. For the pilot, CTA created a fenced-off area to demarcate a paid boarding zone. Passengers tap their Ventra smart card at a staffed card reader before entering the waiting area and then can board buses using any door.

Since a Ventra card is required to board at this stop, card vending machines were installed outside the boarding area. The standard fee for limited use Ventra cards is waived at these machines. Preliminary estimates from the pilot show about a 50% reduction in boarding dwell times and an exploration of how to expand all-door boarding is underway. While not easily scalable in its current form, a successful proof-of-concept could create the political will for other forms of implementation. This, in turn, is leading to increasing demand for smart card reader in buses and thereby is driving the global bus card reader market.

In addition, Vancouver Translink’s 99 B Line bus route has employed proof-of-payment fare collection with all-door boarding since 2007. The busiest bus route in North America with 55,500 passengers on an average weekday and 160 boardings per revenue hour has 2–4-minute headways at peak and headways no longer than 7–8 minutes off-peak. Smart card readers are installed at each door of the route’s 60-foot articulated bus fleet, allowing passengers to board and tap their card at any door. Compass cards are available at SkyTrain stations, customer service centers, retail sales outlets, and online; bus stops do not have their own card vending or reloading machines. This, in turn, is contributing to the growth of the North America bus card reader market.

(Get 15% Discount on Buying this Report)

A full Report of Bus Card Reader Market is Available at: https://www.omrglobal.com/industry-reports/bus-card-reader-market

Global Bus Card Reader Market Segmentation

By Type

· Contact

· Contactless

By Application

· Public Transport Bus

· Tourist Bus

· School Bus

· Others (Airport Bus)

Global Bus Card Reader Market – Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of The World

Company Profiles

· Advanced Card Systems, Ltd.

· Baoruh Electronic Co., Ltd.

· Calmell Group

· Castles Technology Co., Ltd.

· EP Intelligent Technology Co., Ltd.

· FEIG ELECTRONIC GmbH

· HID Global Corp.

· Identiv, Inc.

· MagTek, Inc.

· NEC Corp.

· NEXGO, Inc.

· Nidec Sankyo America Corp.

· Shenzhen Cardlan Technology Co., Ltd.

· Shenzhen Decard Smartcard Tech Co., Ltd.

· Shenzhen HCC Technology Co., Ltd.

· Shenzhen Rakinda Technologies Co., Ltd.

· Spectra Technovision (India) Pvt. Ltd.

· STYL Solutions Pte. Ltd.

· Thales Group

· Universal Smart Cards, Ltd.

· Verifone Holdings, Inc.

Reasons to Buy from us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/bus-card-reader-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.