Transport Smart Card Market Share

North America Market Statistics

Regionally, the global transport smart card market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is estimated to hold largest revenue share by 2036, on the back of higher adoption of advanced technology among the masses. Moreover, countries, such as, the U.S. and Canada, promote cashless economy, which is estimated to further boost the market growth.

APAC Market Analysis

The market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period, owing to the growing transportation sector in nations, such as, Japan, where thousands of people commute to their offices using transport smart cards. In Japan, more than 45% of the working class and 50% of the students travel in subways or buses. Moreover, major steps by governments of developing countries, including, India and Singapore, to develop a cashless economy, is estimated to boost the market growth in the region.