Market Overview:
The global bus card reader market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for contactless or NFC technology-based bus card readers, owing to their enhanced security features and faster transaction speeds as compared to traditional contact technology-based readers. In terms of application, the bus segment is expected to account for the majority of the global bus card reader market share in 2018, followed by school buses and sightseeing buses. North America is expected to lead the global market in terms of revenue generation, while Asia Pacific is projected to register highest CAGR during the forecast period.
Product Definition:
A bus card reader is a device that reads the data on a transit pass, such as a bus or train ticket. This data can include the expiration date, time of use, and route information. Bus card readers are often used at fare gates in transit stations to allow passengers to enter and exit the station without having to purchase a ticket each time.
Contact Technology:
The global contact technology market is expected to witness significant growth over the forecast period. The growth of this market can be attributed to growing demand for contactless payments and a surge in mobile transactions. Contactless payment involves the use of smart cards or debit/credit cards, which involve the transmission of data from a card reader through radio frequency (RF) waves and into an antenna on the receiver side. This allows consumers to make secure purchases without having physical access to money or credit card information.
Contactless or NFC Technology:
NFC (Near Field Communication) is a wireless technology used for the purpose of contactless or non-contact payment. It helps in transferring data between two devices connected by an electromagnetic field. The major use of NFC is to transfer information, make secure payments online and in stores, and access digital content such as music, ebooks, photos, etc., using smart phones or tablets with supported apps.
Application Insights:
The bus application segment dominated the global market in 2017. The growth of this segment can be attributed to the increasing number of public transport vehicles, especially in developing countries. Furthermore, governments are taking initiatives to expand the public transportation system, which is further driving the demand for card readers on buses. For instance, Transport for London (TfL) has started a new service with electric buses and plans to double its fleet by 2026. Such initiatives are expected to increase passenger traffic on buses and subsequently drive demand over the forecast period.
School bus was another prominent application segment that accounted for a significant market share in 2017 owing to growing concerns about road safety among children traveling from schools or colleges. Card readers installed at school gates allow parents/guardians access information regarding students' attendance and travel details via mobile phones or laptops without having physical contact with cards reader devices themselves as they are wireless enabled now days (contactless technology).
Regional Analysis:
North America dominated the global bus card reader market in 2017. The growth can be attributed to various factors such as increasing government initiatives, technological advancements, and high adoption rate of contactless or NFC enabled services. For instance, in 2014, Transport for London (TfL), which is a municipal body that runs public transport services in Greater London introduced contactless payment technology named ‘ oyster card’ on buses and trams as well as at tube stations.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing penetration of smart devices coupled with rising demand for convenient travel options especially among youth population who prefer traveling by public transport due to affordability issues. Furthermore, growing popularity of online bookings coupled with increased usage of social media will boost industry expansion over next eight years.
Growth Factors:
- Increasing demand for public transportation: The global population is growing at a rapid pace and this is resulting in an increase in the number of people using public transportation. This, in turn, is fueling the growth of the bus card reader market.
- Rising adoption of smart cards: Smart cards are being increasingly adopted by transit authorities as they offer several advantages over traditional paper tickets such as convenience and security. This is aiding the growth of the bus card reader market.
- Growing demand for NFC-enabled devices: Near Field Communication (NFC) technology offers several benefits such as convenience and security, which is why it is being increasingly adopted by consumers worldwide. This is benefiting the growth of the bus card reader market significantly.
- . Proliferation of mobile commerce: With more and more people using smartphones to make payments, there has been a surge in demand for NFC-enabled devices globally. This has led to an increase in adoption rates of NFC-enabled devices among merchants, which is benefitingthe growthofthebuscardreadermarketsignificantly . 5.. Technological advancements: Bus card readers are becoming increasingly sophisticated with each passing day with manufacturers introducing new features such as contactless payments into their products offerings
Scope Of The Report
Report Attributes
Report Details
Report Title
Bus Card Reader Market Research Report
By Type
Contact Technology, Contactless or NFC Technology
By Application
Bus, School Bus, Sightseeing Bus, Other
By Companies
Mag-Tek, SCM Microsystems, Omnikey, Diebold, Exadigm, ID Technologies, Hypercom, VeriFone
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Bus Card Reader Market Report Segments:
The global Bus Card Reader market is segmented on the basis of:
Types
Contact Technology, Contactless or NFC Technology
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bus, School Bus, Sightseeing Bus, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mag-Tek
- SCM Microsystems
- Omnikey
- Diebold
- Exadigm
- ID Technologies
- Hypercom
- VeriFone
Highlights of The Bus Card Reader Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Contact Technology
- Contactless or NFC Technology
- By Application:
- Bus
- School Bus
- Sightseeing Bus
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bus Card Reader Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A bus card reader is a device that can be used to read the data from a bus card. This type of reader can be found on public transportation systems, such as buses and subways, or at transit stations.
Some of the major companies in the bus card reader market are Mag-Tek, SCM Microsystems, Omnikey, Diebold, Exadigm, ID Technologies, Hypercom, VeriFone.
The bus card reader market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bus Card Reader Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bus Card Reader Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bus Card Reader Market - Supply Chain
4.5. Global Bus Card Reader Market Forecast
4.5.1. Bus Card Reader Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bus Card Reader Market Size (000 Units) and Y-o-Y Growth
4.5.3. Bus Card Reader Market Absolute $ Opportunity
5. Global Bus Card Reader Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Bus Card Reader Market Size and Volume Forecast by Type
5.3.1. Contact Technology
5.3.2. Contactless or NFC Technology
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Bus Card Reader Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Bus Card Reader Market Size and Volume Forecast by Application
6.3.1. Bus
6.3.2. School Bus
6.3.3. Sightseeing Bus
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Bus Card Reader Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Bus Card Reader Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Bus Card Reader Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Bus Card Reader Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Bus Card Reader Demand Share Forecast, 2019-2029
9. North America Bus Card Reader Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Bus Card Reader Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Bus Card Reader Market Size and Volume Forecast by Application
9.4.1. Bus
9.4.2. School Bus
9.4.3. Sightseeing Bus
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Bus Card Reader Market Size and Volume Forecast by Type
9.7.1. Contact Technology
9.7.2. Contactless or NFC Technology
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Bus Card Reader Demand Share Forecast, 2019-2029
10. Latin America Bus Card Reader Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Bus Card Reader Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Bus Card Reader Market Size and Volume Forecast by Application
10.4.1. Bus
10.4.2. School Bus
10.4.3. Sightseeing Bus
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Bus Card Reader Market Size and Volume Forecast by Type
10.7.1. Contact Technology
10.7.2. Contactless or NFC Technology
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Bus Card Reader Demand Share Forecast, 2019-2029
11. Europe Bus Card Reader Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Bus Card Reader Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Bus Card Reader Market Size and Volume Forecast by Application
11.4.1. Bus
11.4.2. School Bus
11.4.3. Sightseeing Bus
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Bus Card Reader Market Size and Volume Forecast by Type
11.7.1. Contact Technology
11.7.2. Contactless or NFC Technology
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.0. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Bus Card Reader Demand Share, 2019-2029
12. Asia Pacific Bus Card Reader Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Bus Card Reader Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Bus Card Reader Market Size and Volume Forecast by Application
12.4.1. Bus
12.4.2. School Bus
12.4.3. Sightseeing Bus
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Bus Card Reader Market Size and Volume Forecast by Type
12.7.1. Contact Technology
12.7.2. Contactless or NFC Technology
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Bus Card Reader Demand Share, 2019-2029
13. Middle East & Africa Bus Card Reader Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Bus Card Reader Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Bus Card Reader Market Size and Volume Forecast by Application
13.4.1. Bus
13.4.2. School Bus
13.4.3. Sightseeing Bus
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Bus Card Reader Market Size and Volume Forecast by Type
13.7.1. Contact Technology
13.7.2. Contactless or NFC Technology
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Bus Card Reader Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Bus Card Reader Market: Market Share Analysis
14.2. Bus Card Reader Distributors and Customers
14.3. Bus Card Reader Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mag-Tek
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SCM Microsystems
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Omnikey
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Diebold
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Exadigm
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ID Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hypercom
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. VeriFone
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
