Market Overview:
The global transit cards market size reached US$
65 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$
99.3 Billion by 2027, exhibiting a growth rate (CAGR) of
7.43% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A transit card, or travel card, is a pocket-sized ticket or pass issued to the passenger to take unlimited or pre-defined bus, train or metro trips. The card is usually manufactured using polyvinyl chloride and consists of an embedded integrated circuit, a microcontroller and a secured memory chip. It is primarily used for authentication and identification in public transportation systems and are available in contact-based, contactless, dual interface and hybrid variants. In comparison to the traditionally used magnetic passes and paper-based ticketing systems, transit cards are highly reliable, convenient to use and have minimal risks of fraudulent activities.
Significant growth in the transportation industry, along with the digitization of technologies used for public transportation, is one of the key factors creating a positive outlook for the market. With rapid urbanization and the increasing requirement for effective passenger mobility solutions, there is a rising demand for modern ticketing systems. In line with this, the adoption of multi-application transit cards is also contributing to the market growth. Various product innovations, such as the development of tamper-resistant transit cards that can be accessed only through a personal identification number (PIN), are acting as other major growth-inducing factors. Product manufacturers are also developing advanced contactless transit cards that can be waved over a radio frequency identification device (RFID) for convenient passage of the users. Other factors, including an extensive increase in the global population, along with significant improvements in the existing transportation infrastructure, especially in the developing countries, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global transit cards market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, type and application.
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
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Product, Type, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
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 |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Transit Cards Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Bus Card
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Subway Card
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Type
7.1 Contactless Transit Cards
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Contact-based Transit Cards
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Combi/Hybrid Transit Cards
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Transportation
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Traffic Management
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 4G Identity Solutions Private Ltd. (Goldstone Technologies Ltd.)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Beijing Watchdata Co. Ltd.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Cardlogix Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Eastcompeace Technology Co. Ltd
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Entrust Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Giesecke & Devrient GmbH
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Infineon Technologies AG
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Thales Group
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Watchdata Group
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
List of Figures
Figure 1: Global: Transit Cards Market: Major Drivers and Challenges
Figure 2: Global: Transit Cards Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Transit Cards Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Transit Cards Market: Breakup by Product (in %), 2021
Figure 5: Global: Transit Cards Market: Breakup by Type (in %), 2021
Figure 6: Global: Transit Cards Market: Breakup by Application (in %), 2021
Figure 7: Global: Transit Cards Market: Breakup by Region (in %), 2021
Figure 8: Global: Transit Cards (Bus Card) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Transit Cards (Bus Card) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Transit Cards (Subway Card) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Transit Cards (Subway Card) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Transit Cards (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Transit Cards (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Transit Cards (Contactless Transit Cards) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Transit Cards (Contactless Transit Cards) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Transit Cards (Contact-based Transit Cards) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Transit Cards (Contact-based Transit Cards) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Transit Cards (Combi/Hybrid Transit Cards) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Transit Cards (Combi/Hybrid Transit Cards) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Transit Cards (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Transit Cards (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Transit Cards (Traffic Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Transit Cards (Traffic Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Transit Cards (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Transit Cards (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Transit Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Transit Cards Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: Transit Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Global: Transit Cards Industry: SWOT Analysis
Figure 76: Global: Transit Cards Industry: Value Chain Analysis
Figure 77: Global: Transit Cards Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Transit Cards Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Transit Cards Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Transit Cards Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Global: Transit Cards Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Transit Cards Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Transit Cards Market: Competitive Structure
Table 7: Global: Transit Cards Market: Key Players