The report highlights the increasing adoption of transit cards in subway and bus stations owing to the emergence of advanced contactless payment technology. Consegic Business Intelligence provides an inclusive research report on the Transit Cards market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
The report analyses significant segments such as type, product, application, and region, to identify emerging trends and potential opportunities. The bus station segment is expected to grow during the forecast period owing to the advancements in technology including the emergence of the AFC system that collects transportation data to estimate destination matrices. In addition, the transit cards offer accessibility, particularly to elderly people to scan the card by simply placing it on the scanning screen further promoting the market growth in upcoming years.Get Free Sample
|Contactless Transit Cards, Contact-based Transit Cards, and Hybrid Transit Cards
|Bus Card and Subway Card
|Transportation, Traffic Management, Parking, and Others
|North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
The landscape for Transit Cards Market is highly competitive with major players including Beijing Watchdata Co. Ltd., Cardlogix Corporation, Capital Metropolitan Transportation Authority, and Eastcompeace Technology Co. Ltd that have a strong market position in current market circumstances. Further, the Transit Cards market is expected to witness significant growth in coming years owing to the increasing adoption of advanced technologies and convenience offered to passengers by reducing the time to stand in long queues. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in the Transit Cards market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.