IT, New Media & Software

Global Public Transport Smart Card Market is Anticipated to Show Growth by 2024 | Ozone Market Reports

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Ozone Market Reports projects that the Public Transport Smart Card market size will grow from XX Million USD in 2018 to XX Million USD by 2024, at an estimated CAGR of XX%. The base year considered for the study is 2017, and the market size is projected from 2019 to 2024.

The use of a pocket sized electronic smart card as an alternative resources for users to access and pay the fare for transport services is now emerging as a viable option for many transport authorities. As a new technology for enhancing public transport services, smart card ticketing schemes for public transport is becoming increasingly popular across the world. A smart card ticketing system is not just about the benefits for individual passengers in terms of convenience. Central government and local transport authorities can also derive benefits from smart ticketing. The introduction of safe and reliable smart ticketing scheme has brought about a wide-ranging application of smart cards in transport sector. Increase in installations of advanced fare payment systems and safety and convenience systems has led to the expansion of the public transport smart card market. Moreover, greater ability to use a smart card for different fare structures is one of major key factor responsible for the growth of public transport smart card market over the forecast period.

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By Market Players:
American Express Company, Atos SE, INSIDE Secure SA , Infineon Technologies AG, NXP Semiconductors N.V., Texas Instruments Inc., Oberthur Technologies S.A. , Giesecke & Devrient GmbH , Gemalto NV , CPI Card Group Inc.

By Interface:
Contact Smart Cards, Contactless Smart Cards, Others (Dual Interface Smart Cards and Hybrid Smart Cards)

By Component:
Microcontroller Based Smart Cards, Memory Card-based Smart Cards, 

By Mode of Transport:
Bus, Train, Light Rail Transit, Others, 

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The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

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