Global Public Transport Smart Cards Market to Reach $103.2 Billion by 2030
The global market for Public Transport Smart Cards estimated at US$77.1 Billion in the year 2023, is expected to reach US$103.2 Billion by 2030, growing at a CAGR of 4.3% over the period 2023-2030. Microcontroller-Based Smart Cards, one of the segments analyzed in the report, is expected to record 4.4% CAGR and reach US$64.6 Billion by the end of the analysis period. Growth in the Memory Card-Based Smart Cards segment is estimated at 4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $23.1 Billion, While China is Forecast to Grow at 3.9% CAGR
The Public Transport Smart Cards market in the U.S. is estimated at US$23.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$18 Billion by the year 2030 trailing a CAGR of 3.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 3.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook