Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Transport Smart Card Market size was over USD 6.58 billion in 2024 and is anticipated to cross USD 13.86 billion by 2037, growing at more than 5.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of transport smart card is estimated at USD 6.91 billion.
The growth of the market can be attributed to the multi-functional nature of the travel smart cards, which are increasingly being used for bill payments, transportation, banking, and others. The increasing popularity of transport cards replacing tokens and cash, is estimated to boost the market growth. Use of these cards by daily boarders in locomotives, such as, subways, in developing and developed nations, is projected to boost the market growth. Moreover, rising innovation in technology is estimated to promote the growth of the market.
