Public Transport Smart Card Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Last Updated: April 18th, 2020


The global public transport smart card market size was accounted at USD 57 billion in 2018 and expected to register a significant CAGR of 10.2% during the forecast period 2020 to 2026. Increase awareness of smart transit cards along with digital transactions will boost the market. The increasing digital transaction is one of the key factors to drive market growth globally. In 2016, Apple announced that Sucia is integrated into Apply Pay, which is a contactless payment and smart ticketing system.

The market is segmented on the basis of component type, interface type, mode of transportation, and region. On the basis of component, microcontroller-based smart cards hold a larger market share of more than 50% globally. Moreover, Security and intellectual data processing features are some of the factors driving the segment worldwide.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The report on the public transport smart card market offers in-depth analysis covering key regional trends, market dynamics, and provides country-level market size of the public transport smart card industry. Some of the key factors considered during the course of research included product definition, product classification, industry structure, various participants in the public transport smart card ecosystem, etc. The report includes market sizes and forecast for the period from 2018 to 2027, and compounded annual growth rate (CAGR%) measured for individual segments and regional markets, competitive landscape of leading market players, critical analysis of market dynamics and profiling of key providers participating in the public transport smart card market.

According to Research Corridor, this study will provide in-depth analysis of segments on the basis of current trends, market dynamics and country level analysis of public transport smart card industry. This report provides market estimates and forecast for the period 2018-2027, along with respective CAGRs for each segment and regional distribution for the period 2020-2027. In depth analysis of competitive landscape, porter's five forces model, value chain analysis, and pricing strategies are also covered in the report scope.

Historical & Forecast Period

  • 2018 - Historical Year for public transport smart card Market
  • 2019 - Base Year for public transport smart card Market
  • 2020-2027 - Forecast Period for public transport smart card Market

The public transport smart card market report offers a primary overview of the public transport smart card industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the public transport smart card industry.

Public Transport Smart Card Market Segmentation:

By Component Type:

By Interface Type:

By Mode of Transportation:

  • Bus
  • Train
  • Light Rail Transit
  • Others

List of Key Companies:

  • Infineon Technologies AG
  • NXP Semiconductors N.V.
  • Texas Instruments Inc.
  • Oberthur Technologies S.A.
  • Gemalto NV
  • Giesecke & Devrient GmbH
  • CPI Card Group Inc.

Public Transport Smart Card Market Report Scope

This report provides an investigative analysis of the public transport smart card market encapsulated in detailed sections such as

  • Research Methodology
  • Research Scope
  • Executive Market Summary: Industry Snapshot
  • Industry Outlook
  • Critical Success Factors (CSFs) for the Market
  • Market Dynamics
  • Key Opportunities
  • Market Porters Five Force Analysis
  • Market Value Chain/Ecosystem Analysis
  • Market Attractive Investment Proposition
  • Market PESTEL Analysis
  • Market Positioning of Key Vendors
  • Market Segmentation Outlook
  • Regional Outlook
  • Company Profiles of Key Vendors

COVID-19 Impact on the Public Transport Smart Card Market

The novel COVID-19 epidemic has affected the development of an array of industrial areas, technology sector, food & beverage industry, healthcare, and other sectors is no doubt. Instability of production and Supply chain interruption are some of the factor that is influencing the expansion of the public transport smart card market.

  • V Shaped Recovery
  • U Shaped Recovery
  • L Shaped Recovery
  • W Shaped Recovery
COVID-19 Impact on the Public Transport Smart Card Market

COVID-19 Impact on the Public Transport Smart Card Market - L Shaped Recovery

Geographic Coverage

Geographically, the public transport smart card Market report comprises dedicated sections centering on the regional market revenue and trends. The public transport smart card market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific and Rest of the World (RoW). The RoW segment consists Latin America and the Middle East & Africa. The public transport smart card market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance and others. public transport smart card Market estimates have also been provided for the historical years 2017 & 2018 along with forecast for the period from 2018 - 2027.

  • North America public transport smart card Market Revenue and Forecast
  • Europe public transport smart card Market Revenue and Forecast
  • Asia Pacific public transport smart card Market Revenue and Forecast
  • Latin America public transport smart card Market Revenue and Forecast
  • Middle East and Africa public transport smart card Market Revenue and Forecast

Key Questions Answered by Public Transport Smart Card Market Report

  • Market size and forecast of the public transport smart card market for the period from 2018 to 2027
  • Compounded annual growth rate (CAGR%) for individual segments in various regional markets through 2025
  • Value chain analysis
  • Market share analysis combined with competitive landscape of key players
  • Profiles of key market players covering overall business operations, geographic presence, product portfolio, financial status and news coverage
The global public transport smart card market size was accounted at USD 57 billion in 2018 and expected to register a significant CAGR of 10.2% during the forecast period 2020 to 2026. Increase awareness of smart transit cards along with digital transactions will boost the market. The increasing digital transaction is one of the key factors to drive market growth globally. In 2016, Apple announced that Sucia is integrated into Apply Pay, which is a contactless payment and smart ticketing system.

The market is segmented on the basis of component type, interface type, mode of transportation, and region. On the basis of component, microcontroller-based smart cards hold a larger market share of more than 50% globally. Moreover, Security and intellectual data processing features are some of the factors driving the segment worldwide.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
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Impacts of COVID-19
COVID-19 Impact on the Public Transport Smart Card Market

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