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Press Release:

Global Transit Cards Market to Witness Moderate Growth During 2021-2026, Supported by Rising Demand for Contactless Transit Cards

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Transit Cards Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:


The global transit cards market grew at a CAGR of around 5% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. 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, along with forecasts at the global, regional and country level from 2021-2026. 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
    • 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
     

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 2020
Historical Period 2015-2020
Forecast Period 2021-2026
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$ 2299
Five User License: US$ 3399
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)

 

Key Questions Answered in This Report:

  • How has the global transit cards market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global transit cards market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global transit cards market and who are the key players?
  • What is the degree of competition in the industry?

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$), 2015-2020
Figure 3: Global: Transit Cards Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Transit Cards Market: Breakup by Product (in %), 2020
Figure 5: Global: Transit Cards Market: Breakup by Type (in %), 2020
Figure 6: Global: Transit Cards Market: Breakup by Application (in %), 2020
Figure 7: Global: Transit Cards Market: Breakup by Region (in %), 2020
Figure 8: Global: Transit Cards (Bus Card) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Transit Cards (Bus Card) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Transit Cards (Subway Card) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Transit Cards (Subway Card) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Transit Cards (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Transit Cards (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Transit Cards (Contactless Transit Cards) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Transit Cards (Contactless Transit Cards) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Transit Cards (Contact-based Transit Cards) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Transit Cards (Contact-based Transit Cards) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Transit Cards (Combi/Hybrid Transit Cards) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Transit Cards (Combi/Hybrid Transit Cards) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Transit Cards (Transportation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Transit Cards (Transportation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Transit Cards (Traffic Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Transit Cards (Traffic Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Transit Cards (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Transit Cards (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: North America: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: North America: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: North America: Transit Cards Market: Breakup by Country (in %), 2020
Figure 29: United States: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: United States: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Canada: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Canada: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Asia-Pacific: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Asia-Pacific: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Asia-Pacific: Transit Cards Market: Breakup by Country (in %), 2020
Figure 36: China: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: China: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Japan: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Japan: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: India: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: India: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: South Korea: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: South Korea: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Australia: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Australia: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Indonesia: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Indonesia: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Others: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Others: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Europe: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Europe: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Europe: Transit Cards Market: Breakup by Country (in %), 2020
Figure 53: Germany: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Germany: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: France: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: France: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: United Kingdom: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: United Kingdom: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Italy: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Italy: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Spain: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Spain: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Russia: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Russia: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Others: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Others: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Latin America: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Latin America: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Latin America: Transit Cards Market: Breakup by Country (in %), 2020
Figure 70: Brazil: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Brazil: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Mexico: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Mexico: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Others: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Others: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Middle East and Africa: Transit Cards Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Middle East and Africa: Transit Cards Market: Breakup by Country (in %), 2020
Figure 78: Middle East and Africa: Transit Cards Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Global: Transit Cards Industry: SWOT Analysis
Figure 80: Global: Transit Cards Industry: Value Chain Analysis
Figure 81: Global: Transit Cards Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Transit Cards Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Transit Cards Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 3: Global: Transit Cards Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 4: Global: Transit Cards Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Transit Cards Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Transit Cards Market: Competitive Structure
Table 7: Global: Transit Cards Market: Key Players

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