Global Transit Cards Market to grow at a CAGR of 8.06% during the period 2016-2020


“The Report Global Transit Cards Market 2016-2020 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. –”




About the Transit Cards Market


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.

A smart card is a pocket-sized card with either an embedded integrated circuit called a microcontroller chip, which has an internal memory, or a secured memory chip. Smart cards are used mainly for security purposes for authentication, identification, data storage, and application processing. With an embedded microcontroller chip, smart cards store large amounts of data; carry out their own on-card functions such as decryption, data storage and management, digital signature calculations, and encryption; and interact quickly with a smart card reader.


Technavios analysts forecast the Global Transit Cards Market to grow at a CAGR of 8.06% during the period 2016-2020.


Covered in this report


The report covers the present scenario and the growth prospects of the global transit cards market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of contactless and contact-based smart cards in the transportation sector, especially public transportation. However, it does not consider the revenue generated from contactless POS validators and near-field communication (NFC) payments in the transportation sector.


The market is divided into the following segments based on geography:





North America

South America


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Technavio’s report, Global Transit Cards Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.


Key vendors



Giesecke & Devrient



Other prominent vendors



Eastcompeace Technology

4G Identity Solutions

Infineon Technologies


Market driver

Need to reduce identity duplication

For a full, detailed list, view our report


Market challenge

High cost of implementation

For a full, detailed list, view our report


Market trend

Emergence of contactless smart cards in transportation sector

For a full, detailed list, view our report


Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?


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