Public Transport Smart Cards Market

Growing digitalization and public awareness of smart transit cards will boost the market.

The global public transport smart cards market is growing proficiently, projected to grow at a CAGR of 10.20% during the expected period from 2019 to 2027, starting from US$ 57.20 Bn in 2018.

A smart card is defined as a small computer chip that is used for a fare payment system to keep track of the user’s ticketing value. The increase in online payments is one of the factors which is driving the market across the globe. Furthermore, with the rise in digitalization, the requirement for secure and decentralized digital payments is increasing with each passing year; therefore, companies are moving towards digital currencies to reduce fraud.

Furthermore, the rising utilization of public transport and rising digitalization in the payment mode are some of the major factors driving the global market. The emerging economies are heavily investing in public transport due to the rising population and increasing cost of fuel. Furthermore, to profit from public transport, various nations’ governments are adopting smart cards, reducing fraud.

Market Synopsis

Component Analysis

Public transport smart card with microcontroller based smart cards will spark the market growth.

In 2018, the overall public transport smart cards market was led by the microcontroller-based smart cards segment with more than 50% market share. This is due to the additional features and functionality offered by these cards. In addition, security and intellectual data processing features are a few factors driving the segment across the globe. As a result, the segment is expected to retain its dominant position in the market over the forecast period.

In order to access the information from a smart card, the card needs an interface to communicate with a reader or terminal. Data can be transferred either by using electrical connections with the contact pads on the surface of the smart card, physical contact without contact, or radio frequency (R.F.) transmission. Additionally, contactless data transmission is used by numerous of the newer smart cards issued for applications like mass transit tickets through debit and credit payment cards like ExpressPay from American Express®, Discover® Network ZipSM, and MasterCard® PayPass™. For instance, Infineon has developed a “32-bit AURIX™,” a microcontroller based on TriCore™ embedded with safety and security features basically targeted toward automotive industries.

Regional Analysis

The technological expansion leads dominance in transit system coupled with rising demand for smart ticketing to drive the global public transport smart card market.

The global public transport smart cards market was dominated by Asia-Pacific holding a market share of more than 40% in the year 2018. This is due to increasing investment by various manufacturers, and advancement in technology in payment systems in the region is one of the major factors driving the market. Additionally, the rising demand for smart ticketing systems from various countries, including India, China, Japan, and others, also contributes to the market’s growth. Moreover, the smart card is also being adapted to reduce the fraud caused by individuals.

Furthermore, certain contactless smart card technologies are likely to dominate certain geographical areas in the Asia Pacific region and are also likely to dominate certain application sectors. For instance, the transportation sector has implemented Sony contactless smart card technology in Singapore, which has directed a long-term goal of merging with the local electronic purse scheme by issuing a dual-interface card. Moreover, the introduction of smart contactless cards by developing countries like “TAIPEI’S EASY CARD,” “SINGAPORE’S EZLINK,” “HONG KONG’S OCTOPUS,” “MALAYSIA’S TOUCH’N GO,” “KOREA’S METROPOLITAN AFC SCHEME FOR SEOUL,” “CHINA’S SHENZHEN TONG CARD,” “JAPAN’S SUICA CARD,” and many more is likely to fuel the market economy for public transport smart cards across the region.

List of Companies Covered:

• Infineon Technologies AG
• NXP Semiconductors N.V.
• Texas Instruments Inc.
• Oberthur Technologies S.A.
• Gemalto NV
• Giesecke & Devrient GmbH
• CPI Card Group Inc.
• American Express Company
• Atos SE
• INSIDE Secure SA
• ZTE Corporation
• OEM Technology Solutions

Key Industry Development: 

• In September 2016, the East Japan Railway announced to offer of “Suica’s contactless payment and smart ticketing system” on Apple Pay. Additionally, it will allow users to use the device as a contactless reader for public transit payments.
• In September 2016, the state government of West Bengal deployed digitally advanced ticketing machines on the buses which the Calcutta Road State Transport Corporation is operating.
• In September 2016, the Rajkot Municipal Corporation presented a computer-generated ticketing system for rapid transit in city buses, allowing commuters to purchase virtual tickets from e-commerce websites like Paytm and use the Q.R. code for boarding.

Historical & Forecast Period

This study report represents an analysis of each segment from 2017 to 2027, considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.Segmentation

Component Type (2017–2027; US$ Bn)

• Microcontroller-Based Smart Cards
• Memory Card-based Smart Cards

Interface Type (2017–2027; US$ Bn)

• Contact Smart Cards
• Contactless Smart Cards
• Others

Mode of Transportation (2017–2027; US$ Bn)

• Bus
• Train
• Light Rail Transit
• Others

Geography Segment (2017–2027; US$ Bn)

• North America (U.S. and Canada)
• Europe (U.K., Germany, Spain, Italy, and the Rest of Europe)
• Asia Pacific (Japan, China, India, and the Rest of Asia Pacific)
• Rest of the World (Middle East & Africa (MEA), Latin America)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities to better understand the overall public transport smart cards market. In addition, the global report also comprises a graphical representation of the competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Public Transport Smart Cards (PTSC) Market
2.2. Global PTSC Market, by Component Type, 2018 (US$ Bn)
2.3. Global PTSC Market, by Interface Type, 2018 (US$ Bn)
2.4. Global PTSC Market, by Mode of Transportation Type, 2018 (US$ Bn)
2.5. Global PTSC Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global PTSC Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Public Transport Smart Cards (PTSC) Market, by Component Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Microcontroller Based Smart Cards
4.3. Memory Card-based Smart Cards

5. Global Public Transport Smart Cards (PTSC) Market, by Interface Type , 2017-2027 (US$ Bn)
5.1. Overview
5.2. Contact Smart Cards
5.3. Contactless Smart Cards
5.4. Others

6. Global Public Transport Smart Cards (PTSC) Market, by Mode of Transportation, 2017-2027 (US$ Bn)
6.1. Overview
6.2. Bus
6.3. Train
6.4. Light Rail Transit
6.5. Others

7. North America Public Transport Smart Cards (PTSC) Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. North America PTSC Market Value and Growth, 2017-2027, (US$ Bn)
7.2. North America PTSC Market Value, By Component Type, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. North America PTSC Market Value, By Interface Type, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. North America PTSC Market Value, By Mode of Transportation, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.5. North America PTSC Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Public Transport Smart Cards (PTSC) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Europe PTSC Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Europe PTSC Market Value, By Component Type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Europe PTSC Market Value, By Interface Type, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Europe PTSC Market Value, By Mode of Transportation, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. Europe PTSC Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Public Transport Smart Cards (PTSC) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Asia Pacific PTSC Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Asia Pacific PTSC Market Value, By Component Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Asia Pacific PTSC Market Value, By Interface Type, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Asia Pacific PTSC Market Value, By Mode of Transportation, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Asia Pacific PTSC Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World Public Transport Smart Cards (PTSC) Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Rest of the World PTSC Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Rest of the World PTSC Market Value, By Component Type, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Rest of the World PTSC Market Value, By Interface Type, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Rest of the World PTSC Market Value, By Mode of Transportation, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Rest of the World PTSC Market Value, By Region, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. Infineon Technologies AG
11.2. NXP Semiconductors N.V.
11.3. Texas Instruments Inc.
11.4. Oberthur Technologies S.A.
11.5. Gemalto NV
11.6. Giesecke & Devrient GmbH
11.7. CPI Card Group Inc.
11.8. American Express Company
11.9. Atos SE
11.10. INSIDE Secure SA
11.11. ZTE Corporation
11.12. OEM Technology Solutions

List of Figures

FIG. 1 Global Public Transport Smart Cards (PTSC) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global PTSC Market Segmentation
FIG. 4 Global PTSC Market, by Component Type, 2018 (US$ Bn)
FIG. 5 Global PTSC Market, by Interface Type, 2018 (US$ Bn)
FIG. 6 Global PTSC Market, by Mode of Transportation, 2018 (US$ Bn)
FIG. 7 Global PTSC Market, by Geography, 2018 (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key PTSC Market Manufacturers, 2018
FIG. 10 Global PTSC Market Value Contribution, By Component Type, 2018 & 2027 (Value %)
FIG. 11 Global PTSC Market, by Microcontroller Based Smart Cards, Value, 2017–2027 (US$ Bn)
FIG. 12 Global PTSC Market, by Memory Card-based Smart Cards, Value, 2017–2027 (US$ Bn)
FIG. 13 Global PTSC Market Value Contribution, By Interface Type, 2018 & 2027 (Value %)
FIG. 14 Global PTSC Market, by Contact Smart Cards, Value, 2017–2027 (US$ Bn)
FIG. 15 Global PTSC Market, by Contactless Smart Cards, Value, 2017–2027 (US$ Bn)
FIG. 16 Global PTSC Market, by Others, Value, 2017–2027 (US$ Bn)
FIG. 17 Global PTSC Market Value Contribution, By Mode of Transportation, 2018 & 2027 (Value %)
FIG. 18 Global PTSC Market, by Bus, Value, 2017–2027 (US$ Bn)
FIG. 19 Global PTSC Market, by Train, Value, 2017–2027 (US$ Bn)
FIG. 20 Global PTSC Market, by Light Rail Transit, Value, 2017–2027 (US$ Bn)
FIG. 21 Global PTSC Market, by Others, Value, 2017–2027 (US$ Bn)
FIG. 22 U.S. PTSC Market, 2017–2027 (US$ Bn)
FIG. 23 Canada PTSC Market, 2017–2027 (US$ Bn)
FIG. 24 U.K. PTSC Market, 2017–2027 (US$ Bn)
FIG. 25 Germany PTSC Market, 2017–2027 (US$ Bn)
FIG. 26 France PTSC Market, 2017–2027 (US$ Bn)
FIG. 27 Italy PTSC Market, 2017–2027 (US$ Bn)
FIG. 28 Rest of Europe PTSC Market, 2017–2027 (US$ Bn)
FIG. 29 Japan PTSC Market, 2017–2027 (US$ Bn)
FIG. 30 China PTSC Market, 2017–2027 (US$ Bn)
FIG. 31 India PTSC Market, 2017–2027 (US$ Bn)
FIG. 32 Rest of Asia Pacific PTSC Market, 2017–2027 (US$ Bn)
FIG. 33 Middle East & Africa PTSC Market, 2017–2027 (US$ Bn)
FIG. 34 Latin America PTSC Market, 2017–2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Public Transport Smart Cards (PTSC) Market
TABLE 2 Global PTSC Market, by Component Type, 2017–2027 (US$ Bn)
TABLE 3 Global PTSC Market, by Interface Type, 2017–2027 (US$ Bn)
TABLE 4 Global PTSC Market, by Mode of Transportation, 2017–2027 (US$ Bn)
TABLE 5 Global PTSC Market, by Geography, 2017–2027 (US$ Bn)
TABLE 6 North America PTSC Market, by Component Type, 2017–2027 (US$ Bn)
TABLE 7 North America PTSC Market, by Interface Type, 2017–2027 (US$ Bn)
TABLE 8 North America PTSC Market, by Mode of Transportation, 2017–2027 (US$ Bn)
TABLE 9 North America PTSC Market, by Country, 2017–2027 (US$ Bn)
TABLE 10 Europe PTSC Market, by Component Type, 2017–2027 (US$ Bn)
TABLE 11 Europe PTSC Market, by Interface Type, 2017–2027 (US$ Bn)
TABLE 12 Europe PTSC Market, by Mode of Transportation, 2017–2027 (US$ Bn)
TABLE 13 Europe PTSC Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 14 Asia Pacific PTSC Market, by Component Type, 2017–2027 (US$ Bn)
TABLE 15 Asia Pacific PTSC Market, by Interface Type, 2017–2027 (US$ Bn)
TABLE 16 Asia Pacific PTSC Market, by Mode of Transportation, 2017–2027 (US$ Bn)
TABLE 17 Asia Pacific PTSC Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 18 RoW PTSC Market, by Component Type, 2017–2027 (US$ Bn)
TABLE 19 RoW PTSC Market, by Interface Type, 2017–2027 (US$ Bn)
TABLE 20 RoW PTSC Market, by Mode of Transportation, 2017–2027 (US$ Bn)
TABLE 21 RoW PTSC Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 22 Infineon Technologies AG: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 NXP Semiconductors N.V.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 Texas Instruments Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Oberthur Technologies S.A.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Gemalto NV: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Giesecke & Devrient GmbH: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 CPI Card Group Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 American Express Company: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 30 Atos SE: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 31 INSIDE Secure SA: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 32 ZTE Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 33 OEM Technology Solutions: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments