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Transit Cards Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 144 Pages
  • March 2023
  • Region: Global
  • IMARC Group
  • ID: 5769386

Quick Summary:

In the ever-evolving transit industry, the global transit cards market presents a compelling opportunity. Moving far beyond traditional ticketing systems, transit cards leverage cutting-edge technologies to offer high reliability, user convenience, and minimized risk of fraudulent activities. They stand as the modern answer to diverse market demands, available in a range of forms including contact-based, contactless, dual interface, and hybrid variants.

Digitization and urbanization are driving demand for efficient passenger mobility solutions, pushing transit cards to take center stage in the transportation industry. Innovations like tamper-resistant, PIN-accessible cards and advanced contactless variants compatible with RFID devices further bolster their appeal. Simultaneously, robust growth in the global population and improvements in transportation infrastructure, particularly in developing areas, underline the sector's ripe potential. Equip yourself with a comprehensive analysis of this dynamic market, stay ahead of evolving trends with forecast data, and make strategic decisions based on detailed market segmentation. This report covers a broad spectrum of the global transit cards market, including product, type, application, and regional classifications.

The global transit cards market size reached US$ 69.9 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 107.3 Billion by 2028, exhibiting a CAGR of 7.4% during 2022-2028.

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:

The publisher 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 2023-2028. 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.

Key Questions Answered in This Report:

  • What was the size of the global transit cards market in 2022?
  • What is the expected growth rate of the global transit cards market during 2023-2028?
  • What has been the impact of COVID-19 on the global transit cards market?
  • What are the key factors driving the global transit cards market?
  • What is the breakup of the global transit cards market based on the product?
  • What is the breakup of the global transit cards market based on the type?
  • What is the breakup of the global transit cards market based on the application?
  • What are the key regions in the global transit cards market?
  • Who are the key players/companies in the global transit cards market?
Frequently Asked Questions about the Global Transit Cards Market

What is the estimated value of the Global Transit Cards Market?

The Global Transit Cards Market was estimated to be valued at $69.9 Billion in 2022.

What is the growth rate of the Global Transit Cards Market?

The growth rate of the Global Transit Cards Market is 7.4%, with an estimated value of $107.3 Billion by 2028.

What is the forecasted size of the Global Transit Cards Market?

The Global Transit Cards Market is estimated to be worth $107.3 Billion by 2028.

Who are the key companies in the Global Transit Cards Market?

Key companies in the Global Transit Cards Market include 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.

Table of Contents

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$), 2017-2022
Figure 3: Global: Transit Cards Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Transit Cards Market: Breakup by Product (in %), 2022
Figure 5: Global: Transit Cards Market: Breakup by Type (in %), 2022
Figure 6: Global: Transit Cards Market: Breakup by Application (in %), 2022
Figure 7: Global: Transit Cards Market: Breakup by Region (in %), 2022
Figure 8: Global: Transit Cards (Bus Card) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Transit Cards (Bus Card) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Transit Cards (Subway Card) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Transit Cards (Subway Card) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Transit Cards (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Transit Cards (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Transit Cards (Contactless Transit Cards) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Transit Cards (Contactless Transit Cards) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Transit Cards (Contact-based Transit Cards) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Transit Cards (Contact-based Transit Cards) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Transit Cards (Combi/Hybrid Transit Cards) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Transit Cards (Combi/Hybrid Transit Cards) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Transit Cards (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Transit Cards (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Transit Cards (Traffic Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Transit Cards (Traffic Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Transit Cards (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Transit Cards (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: North America: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: North America: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: United States: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: United States: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Canada: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Canada: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Asia-Pacific: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Asia-Pacific: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: China: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: China: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Japan: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Japan: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: India: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: India: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: South Korea: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: South Korea: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Australia: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Australia: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Indonesia: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Indonesia: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Others: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Others: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Europe: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Europe: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Germany: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Germany: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: France: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: France: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: United Kingdom: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: United Kingdom: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Italy: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Italy: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Spain: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Spain: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Russia: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Russia: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Others: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Others: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Latin America: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Latin America: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Brazil: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Brazil: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Mexico: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Mexico: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Middle East and Africa: Transit Cards Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Middle East and Africa: Transit Cards Market: Breakup by Country (in %), 2022
Figure 74: Middle East and Africa: Transit Cards Market Forecast: Sales Value (in Million US$), 2023-2028
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, 2022 and 2028
Table 2: Global: Transit Cards Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Transit Cards Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Transit Cards Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Transit Cards Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Transit Cards Market: Competitive Structure
Table 7: Global: Transit Cards Market: Key Players

Companies Mentioned

  • 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
  • Watchdata Group

Methodology

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