Global Public Transport Smart Card Market: Overview
This report on the global public transport smart card market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the global public transport smart card market growth during the said period. The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of revenue and volume estimates (in US$ Mn & Mn Units), across different geographies. Increased demand for safe and secure transaction methods and reliable payment systems has led to the expansion of the public transport smart card market.
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The advent of new technology in fare collection system has brought about a comprehensive usage of smart card in public transportation. One of the advantages of the smart card technique in public transport systems is that passengers can avoid handling cash for payment when boarding, thereby journey times can be reduced. Moreover, smart cards have higher reliability, greater security, and higher resistance to fraud than other payment means. Increasing adoption of multi-use e-IDs for transportation is anticipated to fuel growth of the smart card market in Asia Pacific region over the forecast period. Rise in demand for contactless smart card from the developing economies such as China, India, South Korea, and the Latin American countries (Brazil and Mexico) is expected to drive the market during the forecast period. However, high cost associated with the initial installation of equipment in public transport system is anticipated to hinder the growth of the smart card market in public transport sector.
Companied Profiled in Report
Company profiling includes company overview, major business strategies adopted, SWOT analysis and market revenues for past years. The key players profiled in the global public transport smart card market include Infineon Technologies AG, Texas Instruments, Inc., NXP Semiconductors N.V., Oberthur Technologies S.A., Giesecke & Devrient GmbH, Atos SE, CPI Card Group Inc., and American Express Company.
The global public transport smart card market is segmented as below:
Global Public Transport Smart Card Market, By Interface
Contact Smart Cards
Contactless Smart Cards
Others (Dual Interface Smart Cards and Hybrid Smart Cards)
Global Public Transport Smart Card Market, By Component
Microcontroller Based Smart Cards
Memory Card-based Smart Cards
Global Public Transport Smart Card Market, By Mode of Transport
Light Rail Transit
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Global Public Transport Smart Card Market, By Geography
– Rest of North America
– The U.K
– Rest of Europe
Asia Pacific (APAC)
– Rest of APAC
Middle East and Africa (MEA)
– South Africa
– Rest of MEA
– Rest of South America
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