Market Research Update Global Transit Cards Market 2016-2020

Transit Cards Market by Analysis, Leading Vendors and Forecast To 2020
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 market is divided into the following segments based on geography:
- APAC
- Europe
- MEA
- North America
- South America
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Key vendors:
- Datacard
- Gemalto
- Giesecke & Devrient
- Watchdata
Other prominent vendors:
- Athena
- CardLogix
- Eastcompeace Technology
- 4G Identity Solutions
- Infineon Technologies
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Market Driver:
- High cost of implementation
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Market Challenge:
- Emergence of contactless smart cards in transportation sector
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Market Trend:
- Growing demand for high-speed data converters for electronic warfare
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