Smart Card Ticketing IC Shipments
Source Research:
Contactless Ticketing Secure IC Technologies
Market Data | 26 Sep 2024 | MD-CTIC-32
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Smart card ticketing Integrated Circuit (IC) shipments are growing at a Compound Annual Growth Rate (CAGR) of 6.7% between 2024 and 2029, with ABI Research forecasting shipments to reach 570 million annually worldwide by the end of the forecast window. The Asia-Pacific region is expected to account for nearly half of total shipments, with Europe being a distant second place. Interestingly, North America is the smallest regional market worldwide.
