The global bus card reader market is estimated to grow at a CAGR of 7.2% during the forecast period. The major factors contributing to the growth of the market include the growing implementation of smart card technology across public transport buses coupled with the increasing focus on the development of transportation infrastructure. Public bus transport buses are significantly used by the people of several areas, including urban, rural, and metro cites. With the increasing demand for bus transport services, both the government and private sectors are offering facilities to ease travel for passengers.
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Some concerns among bus passengers and conductors have witnessed for the exact amount of money to be returned. Such kinds of problems occur in every bus every day that affect the harmony of society. Certain projects are being implemented to avoid the problems occur due to change in public bus transport services and facilitating the method of transaction. Therefore, Electronic Ticketing Machines (ETM) is utilized in public transport bus facilities for storing data and provide tickets digitally. By using ETM, the collection of fare conducts digitally with the support of smart cards which avoids direct money transactions.
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A smart card is provided to the passenger which is rechargeable, and every card contains a unique id number in which cardholder details will be stored in a database. The concept of the smart card is implemented with the objective of receiving tickets in the public buses rather than cash payment. The conductor uses the smart card reader to swipe the smart card and later on, entering the traveling details of passengers, the ETM will generate electronic tickets. Afterward, the money will be transferred directly to the transport corporation account with the use of the Global Pocket Radio Service (GPRS). This practice allows a service provider to make the processing of transactions easier.
There are several bus stations that have implemented smart card readers to avoid boarding delays. For instance, Vancouver Translink’s 99 B Line bus route has employed proof-of-payment fare collection with all-door boarding since 2007. The busiest bus route in North America with 55,500 passengers on an average weekday and 160 boardings per revenue hour has 2–4-minute headways at peak and headways no longer than 7–8 minutes off-peak. Smart card readers are installed at each door of the route’s 60-foot articulated bus fleet, allowing passengers to board and tap their card at any door. Hence, growing digitalization in the transportation sector is expected to offer significant opportunities for market growth.
Global Bus Card Reader Market – Segmentation

By Type

• Contact
• Contactless

By Application

• Public Transport Bus
• Tourist Bus
• School Bus
• Others (Airport Bus)

Regional Analysis

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

Company Profiles

• Advanced Card Systems, Ltd.
• Baoruh Electronic Co., Ltd.
• Calmell Group
• Castles Technology Co., Ltd.
• EP Intelligent Technology Co., Ltd.
• FEIG ELECTRONIC GmbH
• HID Global Corp.
• Identiv, Inc.
• MagTek, Inc.
• NEC Corp.
• NEXGO, Inc.
• Nidec Sankyo America Corp.
• Shenzhen Cardlan Technology Co., Ltd.
• Shenzhen Decard Smartcard Tech Co., Ltd.
• Shenzhen HCC Technology Co., Ltd.
• Shenzhen Rakinda Technologies Co., Ltd.
• Spectra Technovision (India) Pvt. Ltd.
• STYL Solutions Pte. Ltd.
• Thales Group
• Universal Smart Cards, Ltd.
• Verifone Holdings, Inc.

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