Global Transit Cards Market Research Report 2021

Transit card or travel card is referred to the bus, train or metro ticket that allows the passenger to take unlimited trips in a fixed period of time or to take a certain number of pre purchased trips. The global transit cards market is expected to witness a robust growth rate during the forecast period due to the emerging trend of the use of contactless transit cards in transportation. Compared to the contact based cards, this contactless smart cards are easy and convenient to use. These contactless transit cards have become the preferred choice for transportation owing to the fact that they enable fast identification of the individual. It also allows fast fare payment allowing high passenger throughput in less time as these transit cards do not have to be swiped, inserted or scanned by the reader.
The increase in population and urbanization has resulted in the growing need for mobility. Public transportation has become the most preferred mode of transportation for people to avoid problems such as air pollution and traffic congestion. Traveling by buses, trains, and metros is often more comfortable, convenient, and cost-effective. To make traveling for people more convenient and comfortable, public transport systems use modern ticketing systems such as contactless ticketing, which allows high passenger throughput.

The global Transit Cards market was valued at US$ XX million in 2019 and is expected to reach US$ XX million by the end of 2026, growing at a CAGR of XX% during 2021-2026.
This report focuses on Transit Cards volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Transit Cards market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.

Global Transit Cards Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Bus Card
Subway Card
Others

Segment by Application
Traffic
Transportation
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
Gemalto
Watchdata
Athena
CardLogix
Infineon Solutions