Transport Smart Card Sector: Growth Drivers and Challenges
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 |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
5.9% |
|
Base Year Market Size (2024) |
USD 6.58 billion |
|
Forecast Year Market Size (2037) |
USD 13.86 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of transport smart card is estimated at USD 6.91 billion.
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.
North America industry is likely to account for largest revenue share by 2037, 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.
