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.

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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.

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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.

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:

Microcontroller Based Smart Cards
Memory Card-based Smart Cards

By Interface Type:

Contact Smart Cards
Contactless Smart Cards
Others

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.

Geographic Coverage:

North America
Europe
Asia-Pacific
Rest of The World

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