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.
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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Market Coverage
- Market number available for – 2021-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Bus Card Reader Market Segmentation
By Type
- Contact
- Contactless
By Application
- Public Transport Bus
- Tourist Bus
- School Bus
- Others (Airport Bus)
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Bus Card Reader Market – Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
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