Transport Smart Card Market Trends

  • Report ID: 3182
  • Published Date: Aug 30, 2024
  • Report Format: PDF, PPT

Transport Smart Card Market Trends

Growth Drivers

  • Cost Effectiveness of Transport Smart Cards
  • Multi-Functional Uses of Smart Cards

Challenges

  • High Initial Cost of These Cards

Transport Smart Card Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

5.9%

Base Year Market Size (2023)

USD 6.21 billion

Forecast Year Market Size (2036)

USD 13.08 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 3182
  • Published Date: Aug 30, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of transport smart card is evaluated at USD 6.5 billion.

Transport Smart Card Market size was over USD 6.21 billion in 2023 and is poised to cross USD 13.08 billion by 2036, growing at more than 5.9% CAGR during the forecast period i.e., between 2024-2036. Growing demand for multi-purpose smart cards will impel the market growth.

North America is estimated to hold largest revenue share by 2036, on the back of higher adoption of advanced technology among the masses.

The major players in the market are CardLogix Corporation, THALES Digital Solutions Inc., Ingenico Group S.A., CPI Card Group Inc., Infineon Technologies AG, and others.
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