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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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.
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