Transit Cards Market (Updated Version Available)

Transit card or travel card is referred to the bus, train or metro ticket that allows the passenger to take unlimited trips in a fixed period of time or to take a certain number of pre purchased trips. The global transit cards market is expected to witness a robust growth rate during the forecast period due to the emerging trend of the use of contactless transit cards in transportation. Compared to the contact based cards, this contactless smart cards are easy and convenient to use. These contactless transit cards have become the preferred choice for transportation owing to the fact that they enable fast identification of the individual. It also allows fast fare payment allowing high passenger throughput in less time as these transit cards do not have to be swiped, inserted or scanned by the reader.
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.
The APAC region was the market leader for transit cards in 2017. Factors contributing to the growth in this market are the presence of large transportation companies in this region, greater acceptance of contactless smart cards, and the growing penetration of transit cards in cities like Singapore and Hong Kong, and even in countries like Australia, Japan, and South Korea.
The report outlines the development of diverse regions and countries by including the market size, volume and value. It also contains the manufacturers data such as batch, price revenue, profit, interview record and business distributors.
The Transit Cards market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 to 2025.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Global market, the following companies are covered:
Gemalto
Watchdata
Athena
CardLogix
Infineon Solutions
...

Market Segment by Product Type
Bus Card
Subway Card
Others

Market Segment by Application
Traffic
Transportation
Others

Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)

Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the companys product portfolio.

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Transit Cards market for the forecast period 2020 - 2025?
• What are the driving forces in the Transit Cards market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Transit Cards industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?