Global Transit Cards Market 2016-2020

  • ID: 3752368
  • Report
  • Region: Global
  • 61 pages
  • TechNavio
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FEATURED COMPANIES

  • 4G Identity Solutions
  • Athena
  • CardLogix
  • Datacard
  • Eastcompeace Technology
  • Gemalto
  • MORE
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.

The 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:
- APAC
- Europe
- MEA
- North America
- South America

The 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
- Datacard
- Gemalto
- Giesecke & Devrient
- Watchdata

Other prominent vendors
- Athena
- CardLogix
- Eastcompeace Technology
- 4G Identity Solutions
- Infineon Technologies

Market drivers
- Need to reduce identity duplication
- For a full, detailed list, view the full report

Market challenges
- High cost of implementation
- For a full, detailed list, view the full report

Market trends
- Emergence of contactless smart cards in transportation sector
- For a full, detailed list, view the full 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?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
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FEATURED COMPANIES

  • 4G Identity Solutions
  • Athena
  • CardLogix
  • Datacard
  • Eastcompeace Technology
  • Gemalto
  • MORE
PART 01: Executive summary
  • Highlights
  • Market summary
PART 02: Scope of the report
  • Market overview
  • Segmentation
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market description
  • Introduction of smart cards
  • Types of smart cards
  • Advantages and disadvantages of transit cards
  • Working flow of smart cards
PART 06: Market landscape
  • Market overview
PART 07: Market assumptions

PART 08: Life cycle analysis
  • Life cycle of transit cards
PART 09: Global smart cards market
  • Share of transit cards in global smart cards market
  • Global transit cards market
  • Unit shipment of transit cards
PART 10: Market development
  • Integration of biometric technologies into smart cards
PART 11: Geographical segmentation
  • Global transit cards market by geography
PART 12: Market attractiveness
  • Global transit cards market segmentation by geography
  • Transit cards market in APAC
  • Unit shipment of transit cards in APAC
  • Transit cards market in Europe
  • Unit shipment of transit cards in Europe
  • Transit cards market in South America
  • Unit shipment of transit cards in South America
  • Transit cards market in North America
  • Unit shipment of transit cards in North America
  • Transit cards market in MEA
  • Unit shipment of transit cards in MEA
PART 13: Buying criteria
  • Buying criteria for transit cards
PART 14: Market drivers

PART 15: Market challenges

PART 16: Impact of drivers and challenges

PART 17: Market trends
  • Introduction of hybrid smart cards
  • Increase in adoption of e-passports
  • Emergence of contactless smart cards in transportation sector
  • Introduction of multi-application smart cards
  • Increased adoption of contactless smart cards in developing countries
PART 18: Impact of trends

PART 19: Five forces model

PART 20: Key vendor analysis
  • Competitive scenario
PART 21: Vendor matrix

PART 22: Description of leading vendors
  • Datacard
  • Gemalto
  • Giesecke & Devrient
  • Watchdata
PART 23: Other prominent vendors

PART 24: Appendix
  • List of abbreviations
PART 25: About the Author

List of Exhibits
Exhibit 01: Market summary for 2015 and 2020
Exhibit 02: Working flow of smart cards
Exhibit 03: Geographic segmentation of global transit cards market
Exhibit 04: Market assumptions
Exhibit 05: Life cycle of transit cards 2015-2016
Exhibit 06: Life cycle of transit cards 2019-2020
Exhibit 07: Global smart cards market 2015-2020 ($ billions)
Exhibit 08: Share of transit cards in global smart cards market 2015 (% share)
Exhibit 09: Global transit cards market 2015-2020 ($ millions)
Exhibit 10: Unit shipment of transit cards 2015-2020 (millions of units)
Exhibit 11: Adoption of biometric-based smart cards in airports
Exhibit 12: Global transit cards market by geography 2015 (% share)
Exhibit 13: Market attractiveness by geography 2015
Exhibit 14: Market attractiveness by geography 2020
Exhibit 15: Global transit cards market segmentation by geography 2015-2020 (% share)
Exhibit 16: Transit cards market in APAC 2015-2020 ($ millions)
Exhibit 17: Unit shipment of transit cards in APAC 2015-2020 (millions of units)
Exhibit 18: Transit cards market in Europe 2015-2020 ($ millions)
Exhibit 19: Unit shipment of transit cards in Europe 2015-2020 (millions of units)
Exhibit 20: Transit cards market in South America 2015-2020 ($ millions)
Exhibit 21: Unit shipment of transit cards in South America 2015-2020 (millions of units)
Exhibit 22: Transit cards market in North America 2015-2020 ($ millions)
Exhibit 23: Unit shipment of transit cards in North America 2015-2020 (millions of units)
Exhibit 24: Transit cards market in MEA 2015-2020 ($ millions)
Exhibit 25: Unit shipment of transit cards in MEA 2015-2020 (millions of units)
Exhibit 26: Buying criteria for transit cards
Exhibit 27: Impact of drivers and challenges
Exhibit 28: Impact of trends
Exhibit 29: Five forces model
Exhibit 30: Vendor products
Exhibit 31: Vendor applications and features
Exhibit 32: Other prominent vendors
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FEATURED COMPANIES

  • 4G Identity Solutions
  • Athena
  • CardLogix
  • Datacard
  • Eastcompeace Technology
  • Gemalto
  • MORE
New Report Released: – Global Transit Cards Market 2016-2020

The author of the report recognizes the following companies as the key players in the global transit cards market: Datacard, Gemalto, Giesecke & Devrient, and Watcdata.

Other Prominent Vendors in the market are: Athena, CardLogix, Eastcompeace Technology, 4G Identity Solutions, and Infineon Technologies.

Commenting on the report, an analyst from the research team said: “A trend that is positively impacting the market is the emergence and use of contactless smart cards in transportation. Contactless cards are convenient and easy to use compared to contact-based cards. The transportation sector is increasingly deploying contactless e-ticket cards to improve security in billing and payment processes. Contactless smart cards are becoming the preferred choice for the transportation sector because they enable fast identity and fare payment transactions allowing high passenger throughput in less time at border crossings. The card does not have to be inserted, swiped, or scanned by the reader.”

According to the report, a key driver boosting market growth is the need to reduce identity duplication. The number of fraudulent activities and forgeries are increasing along with the advances in technology. New payment methods such as EMV chips, PIN cards, and mobile wallets are gaining prominence in the transportation sector. There is a growing demand for more secure solutions because of the increasing incidences of fraudulent activities. Information stored on smart cards can be accessed using a PIN. PINs are extremely difficult to decode and make transactions more secure.

Further, the report states that one challenge that could restrict market growth is the high cost of implementation. The market is being controlled by a small set of vendors because of limited vendor penetration. The consequent low competition is resulting in high initial deployment and replacement costs.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- Datacard
- Gemalto
- Giesecke & Devrient
- Watcdata
- Athena
- CardLogix
- Eastcompeace Technology
- 4G Identity Solutions
- Infineon Technologies.
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