The bus card reader market has witnessed growth owing to the increasing adoption of electronic payment in the transportation industry. The ease of accessing electronic is cards is one of the major driving factors for the bus card reader market. The demand for the bus card reader is expected to grow significantly in the APAC owing to the presence of a large number of market players, and adoption of electronic payment methods in countries such as Singapore, Indonesia, and China.
MARKET DYNAMICS
Growing urbanization, increasing focus towards providing a hassle-free experience to customers, and increasing popularity of digital payment methods are some of the significant factors driving the growth of the bus card reader market. However, slow technological adoption in several countries might limit the growth of the bus card reader market. The bus car reader market has low entry barriers. Therefore, the market is concentrated with some of the well-established players as well as emerging players.
MARKET SCOPE
The "Global Bus Card Reader Market Analysis to 2028" is a specialized and in-depth study of the bus card reader market with a special focus on the global market trend analysis. The report aims to provide an overview of bus card reader market with detailed market segmentation by technology, application, and geography. The global bus card reader market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bus card reader market players and offers key trends and opportunities in the bus card reader market.
MARKET SEGMENTATION
The global bus card reader market is segmented on the basis of technology and application. Based on technology, the market is segmented as contact, contactless/NFC. Based on application, the market is segmented as public transport bus, school bus, tourist bus, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global bus card reader market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bus card reader market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting bus card reader market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the bus card reader market in these regions.
MARKET PLAYERS
The reports cover key developments in the bus card reader market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from bus card reader market are anticipated to lucrative growth opportunities in the future with the rising demand for bus card reader market. Below mentioned is the list of few companies engaged in the bus card reader market.
The report also includes the profiles of key bus card reader market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Advanced Card Systems Ltd.
- CARLAN GROUP
- EMtest a.s.
- HID Global Corporation/ASSA ABLOY AB
- Identiv, Inc.
- MagTek Inc
- Mikroelektronika spol. s r.o.
- Shenzhen Unique Electronic Int'l Limited
- TapToPay Limited.
- Telepower Communication Co., Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.