Global Public Transport Smart Card Market: Snapshot

The use of a pocket sized electronic smart card as an alternative resources for users to access and pay the fare for transport services is now emerging as a viable option for many transport authorities. As a new technology for enhancing public transport services, smart card ticketing schemes for public transport is becoming increasingly popular across the world. A smart card ticketing system is not just about the benefits for individual passengers in terms of convenience. Central government and local transport authorities can also derive benefits from smart ticketing. The introduction of safe and reliable smart ticketing scheme has brought about a wide-ranging application of smart cards in transport sector. Increase in installations of advanced fare payment systems and safety and convenience systems has led to the expansion of the public transport smart card market. Moreover, greater ability to use a smart card for different fare structures is one of major key factor responsible for the growth of public transport smart card market over the forecast period. The public transport smart card market, as a result, is expected to witness an increase in market growth between 2016 and 2025. However, high cost of migration to smart cards and technical challenges associated with the usage of smart cards electric are anticipated to hinder the growth of the public transport smart card market.

 

public transport smart card market

 

Growth witnessed in Countess Smart Cards Segment Likely to be Stronger

Based on interface, the public transport smart card market is segmented into contact smart cards, contactless smart cards and others. Others interface segment includes dual interface smart cards and hybrid smart cards. The modernization of fare payment system owing to the growth of contact and contactless smart card, is expected to increase the utilization of smart card in public transport system to a large extent during the forecast period. The contactless smart cards segment is anticipated to contribute major share in the global public transport smart card market followed by others interface segment in the near future. This is mainly due to increasing adoption of hassle-free smart ticket system in the transportation sector to meet changing consumer demand.

Under component type segment, the public transport smart card market is categorized into microcontroller based smart cards and memory card-based smart cards. Microcontroller based smart cards segment is estimated to contribute major share in the global public transport smart card market due to the added functionality such as security and intellectual data processing features. In addition, this segment is anticipated to witness robust growth over the forecast period.

On the basis of mode of transport, global public transport smart card market is segmented into bus, train, light rail transit and others. Others mode of transport segment constituted metro and ferry among others. The train segment is anticipated to contribute major share in the global public transport smart card market in terms of revenue as well as volume. Whereas light rail transit segment is slated to witness significant growth over the forecast period due to their lower capital costs and increase in reliability as compared to heavy rail systems.

Rising Investment by Manufacturers Puts Asia Pacific at Fore of Global Market

The global public transport smart card market is expected to be driven by the Asia Pacific region followed by Europe over the forecast period. Moreover, South America and Middle East and Africa (MEA) are estimated to contribute towards the growth of the overall public transport smart card market. Globally, Asia Pacific region held the major market in 2016 and is expected to witness robust growth in public transport smart card market due to huge investment by leading manufacturers in technological up gradation in fare payment system and wide product acceptance trends among consumers. Growing demand for smart ticketing system from emerging economies such as China, Japan, India, and Latin American countries (Mexico and Brazil) is expected to drive the market over the forecast period. However, North America and Europe are mature market for smart cards in terms of product awareness and product acceptance. Hence, these regions are anticipated to grow at a steady yet relatively slow pace during this forecast period.

The key players profiled in the global public transport smart card market include Infineon Technologies AG, CPI Card Group Inc., NXP Semiconductors N.V., Texas Instruments, Inc., Giesecke & Devrient GmbH, Atos SE, Oberthur Technologies S.A., and American Express Company.

Global Public Transport Smart Card Market: Overview

This report on the global public transport smart card market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the global public transport smart card market growth during the said period. The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of revenue and volume estimates (in US$ Mn & Mn Units), across different geographies. Increased demand for safe and secure transaction methods and reliable payment systems has led to the expansion of the public transport smart card market. The advent of new technology in fare collection system has brought about a comprehensive usage of smart card in public transportation. One of the advantages of the smart card technique in public transport systems is that passengers can avoid handling cash for payment when boarding, thereby journey times can be reduced. Moreover, smart cards have higher reliability, greater security, and higher resistance to fraud than other payment means. Increasing adoption of multi-use e-IDs for transportation is anticipated to fuel growth of the smart card market in Asia Pacific region over the forecast period. Rise in demand for contactless smart card from the developing economies such as China, India, South Korea, and the Latin American countries (Brazil and Mexico) is expected to drive the market during the forecast period. However, high cost associated with the initial installation of equipment in public transport system is anticipated to hinder the growth of the smart card market in public transport sector.

Global Public Transport Smart Card Market: Key Segments

The public transport smart card market has been segmented on the basis of interface, component and mode of transport. Based on interface, the market has been classified into contact smart cards, contactless smart cards and others. Others interface segment includes dual interface smart cards and hybrid smart cards among others. On the basis of component, the market is categorized into microcontroller based smart cards and memory card-based smart cards. By mode of transport vertical, the market is further bus, train, light rail transit and others.

Global Public Transport Smart Card Market: Regional Outlook

Geographically, the report is segmented into the public transport smart card market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue and volume generation. Furthermore, the study also includes quantitative analysis of the competitive scenario for region wise prominent countries which are covered in the report include the following - the U.S, Canada, Germany, France, the U.K., China, India, Japan, GCC, South Africa and Brazil. The market size and forecast for each region has been provided for the period from 2015 to 2025 along with the CAGR (%) for the forecast period from 2017 to 2025.

The report also includes key industry developments in the public transport smart card market. The report also covers segment wise, market attractiveness analysis and market positioning analysis for all regions covered in the scope of study.

This report shows market attractiveness analysis for all the segments and for all the regions in the scope of the study which identifies and compares segments market attractiveness on the basis of CAGR and market share index.

The report also includes competition landscape which include competition matrix, market position analysis of major players in the global public transport smart card market based on their 2016 revenues, profiling of major players. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players.

Companied Profiled in Report

Company profiling includes company overview, major business strategies adopted, SWOT analysis and market revenues for past years. The key players profiled in the global public transport smart card market include Infineon Technologies AG, Texas Instruments, Inc., NXP Semiconductors N.V., Oberthur Technologies S.A., Giesecke & Devrient GmbH, Atos SE, CPI Card Group Inc., and American Express Company.

The global public transport smart card market is segmented as below:

Global Public Transport Smart Card Market, By Interface

  • Contact Smart Cards
  • Contactless Smart Cards
  • Others (Dual Interface Smart Cards and Hybrid Smart Cards)

Global Public Transport Smart Card Market, By Component

  • Microcontroller Based Smart Cards
  • Memory Card-based Smart Cards

Global Public Transport Smart Card Market, By Mode of Transport

  • Bus
  • Train
  • Light Rail Transit
  • Others

Global Public Transport Smart Card Market, By Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • India
    • China
    • Japan
    • Rest of APAC
  • Middle East and Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America
.