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Transit Cards Market Trends, Size, Share, Growth, Future Scope Analysis Report 2021-2026

 


According to IMARC Group’s latest report, titled “Transit Cards Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global transit cards market grew at a CAGR of around 5% during 2015-2020. Transit cards are pocket-sized passes or tickets that are issued to passengers to take pre-defined or unlimited trips in trains, metro rails, or buses. These cards are embedded with an integrated circuit, a secured memory chip and a microcontroller. Transit cards enable quick identification and authentication of public transportation systems and are manufactured in different forms, which include contactless, hybrid, contact-based and dual interface cards. As compared to conventional ticketing systems, these cards are more reliable, convenient and reduce the risk of fraudulent activities.

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The significant growth in the transportation industry and the digitization of technologies used for public transportation are among the key factors creating an optimistic outlook for the global transit card market. With the growing requirement for effective passenger mobility solutions, there has been a rise in the demand for modern ticketing systems. Other than this, rapid product innovations, such as the introduction of tamper-resistant transit cards that can only function with a personal identification number (PIN), are contributing to the market growth. Looking forward, IMARC Group expects the global transit cards market to exhibit moderate growth during the next five years.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

  • 4G Identity Solutions Private Ltd. (Goldstone Technologies Ltd.)

  • Beijing Watchdata Co. Ltd.

  • Cardlogix Corporation

  • Eastcompeace Technology Co. Ltd

  • Entrust Corporation

  • Giesecke & Devrient GmbH

  • Infineon Technologies AG

  • Thales Group and Watchdata Group.

Transit Cards Market Segmentation:

Breakup by Product:

  • Bus Card

  • Subway Card

  • Others
     

Breakup by Type:

  • Contactless Transit Cards

  • Contact-based Transit Cards

  • Combi/Hybrid Transit Cards
     

Breakup by Application:

  • Transportation

  • Traffic Management

  • Others
     

Breakup by Region:

  • North America (United States, Canada)

  • Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

  • Latin America (Brazil, Mexico, Others)

  • Middle East and Africa

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/transit-cards-market

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:

  • Market Performance (2015-2020)

  • Market Outlook (2021-2026)

  • Market Trends

  • Market Drivers and Success Factors

  • The Impact of COVID-19 on the Global Market

  • Value Chain Analysis

  • Structure of the Global Market

  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us


IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.


IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group

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Sheridan, WY 82801 USA - Wyoming

Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Location: United States

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