Europe Smart Ticketing Market: Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023

  • Product Code:
    RP-ID-10078048
  • Published Date:
    Mar 2019
  • Region:
    Global
  • Pages:
    96
  • Category:
    Automotive & Transportation
  • Publisher:
    Infoholic Research
Europe Smart Ticketing Market: Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023
Overview:
Smart ticket, commonly known as a smart card, includes a microchip that can be used as a travel ticket. It is primarily used in the transportation industry to offer reduced waiting time and easy-to-pay options for travelers. The European land transportation industry is a significant adopter of smart ticketing as the European governments are focusing on the digitization of the public transit and sustainable transport policies.
The demand for smart ticketing in Europe is driven by growing European tourism industry, simplified technology ecosystem, and the need for the innovation of more potential ticketing systems across urban areas. The leading payment solution vendors in Europe are also increasing their presence in this market by offering integrated payment solutions through partnerships with smart ticket developers and operators. These companies are also deploying big data analytics and connected devices to track the passenger travel patterns so that operators can provide customized products and services.

The Europe smart ticketing market revenue is estimated to be $1.74 billion in 2017 and is expected to reach $5.38 billion by 2023, growing at a CAGR of 20.69% during the forecast period 2017–2023.

Market Revenue and Segmentation Analysis:
Technological advancements in smart ticketing have pushed companies to adopt technologies such as NFC, RFID, QR code, and barcode. The emergence of smartphones equipped with NFC technology has resulted in introducing the necessary infrastructure for smart ticketing across the industries. RFID technology is widely used in smart cards due to its cost-effectiveness, and it is widely accepted in sports, entertainment, and transport among other industries. QR code and barcode technologies are being adopted in events, sports clubs, buses, metro stations, and others. The open payment systems are in great demand owing to decrease the waiting time for payments across the industries. The RFID market revenue is expected to reach $2,131.1 million by 2023, growing at a CAGR of 20.2% during the forecast period.
The products segment include ticket vending machine, smart parking, smart bill, ticketing systems, and others. Ticketing machines offer diverse types of tickets to passengers according to the mode of transport; vending machines service to customers is also one of its kind. Smart parking uses sensors and ticketing systems in its parking space to determine vehicle occupancy levels. The ticketing system market revenue is valued at $852.3 million in 2017 and will grow at a CAGR of 20.9% during the forecast period.
The Europe smart ticketing market is segmented based on modes such as smart cards and mobile devices. The introduction of smart cards has minimized the usage of paper tickets in railways, buses, and others. The increase in smartphone penetration has resulted in the demand for mobile-based ticketing applications. The smart card market revenue is expected to grow at a CAGR of 20.0% during the forecast period.
The Europe smart ticketing market is segmented into following verticals: transportation, sports, entertainment, and others. The transportation industry is further segmented into land transport, air transport, and water transport. Further, the land transportation is segmented into metros, trams, buses, and railways. Many countries in Europe are deploying smart cards in various transportation modes such as land transport, rail transport, and airways. This trend is further fueled by the increase in security and safety against fraud activities. The transportation segment is expected to reach $4,377.4 million by 2023, growing at a CAGR of 20.0% during the forecast period 2017–2023.
Regions Analysis:
The market is segmented in terms of the leading countries in the smart ticketing market such as the UK, France, Italy, Russia, Germany, Spain, Poland, Netherlands, Portugal, Czech Republic, Sweden, Austria, Denmark, Norway, and Finland. The UK accounts for a significant share in the market, followed by France, Germany, Italy, Russia, and Spain. Norway, Czech Republic, and Denmark are expected to be the emerging markets, growing at a CAGR of above 22%.
Benefits and Vendors
The report contains an in-depth analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. The Europe smart ticketing market is expected to change the shape of industries by 2025 with its wide range of capabilities. The report covers an in-depth analysis of Cubic Corporation, Rambus Inc., Infineon Technologies AG, NXP Semiconductors, Xerox Corporation, Confidex Ltd., Masabi Ltd., RFID Global, CAEN RFID, and BluEpyc.
The study offers a comprehensive analysis of the “Europe Smart Ticketing” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for companies to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and take informed decisions.
Table of Contents
1 Industry Outlook 10
1.1 Industry Overview 10
1.2 Industry Trends 11
1.3 PEST Analysis 12
2 Report Outline 13
2.1 Report Scope 13
2.2 Report Summary 14
2.3 Research Methodology 16
2.4 Report Assumptions 17
3 Market Snapshot 18
3.1 Total Addressable Market 18
3.2 Segmented Addressable Market 18
4 Market Outlook 20
4.1 Overview 20
4.2 Market Trends 21
4.3 Market Segmentation 22
4.4 Porter 5 (Five) Forces 23
5 Market Characteristics 24
5.1 Evolution 24
5.2 Ecosystem 25
5.3 Market Dynamics 26
5.3.1 Drivers 26
5.3.1.1 Growing European tourism industry 26
5.3.1.2 Simplified technology ecosystem 26
5.3.1.3 Need for the innovation of more potential systems 27
5.3.2 Restraints 27
5.3.2.1 Lack of investments in the data and security 27
5.3.2.2 Increasing use of personal vehicles 27
5.3.3 Opportunities 27
5.3.3.1 Growing need for automation in smart cities 27
5.3.3.2 Need for digitalization of transportation industry 27
5.3.3.3 Increasing demand for intelligent transportation systems 28
5.3.4 DRO – Impact Analysis 29
6 Technology: Market Size and Analysis 30
6.1 Overview 30
6.2 NFC 30
6.3 RFID 31
6.4 QR Code 32
6.5 Bar Code 33
6.6 Open Payment Fare Systems 33
6.7 Others 34
7 Product: Market Size and Analysis 36
7.1 Overview 36
7.2 Ticketing System 36
7.3 Ticketing Machines 37
7.4 Smart Parking 38
7.5 Smart Bill 39
8 Modes: Market Size and Analysis 41
8.1 Overview 41
8.2 Smart Card 41
8.2.1 Contactless Cards 42
8.2.2 Contact Cards 42
8.3 Mobile Devices 43
9 Verticals: Market Size and Analysis 44
9.1 Overview 44
9.1.1 Market Size and Analysis 44
9.2 Transportation 44
9.2.1 Land Transport 45
9.2.1.1 Metros and Trams 46
9.2.1.2 Buses 47
9.2.1.3 Railways 48
9.2.2 Air Transport: Airlines 49
9.2.3 Water transport 49
9.3 Sports 50
9.4 Entertainment 51
9.5 Others 52
10 Europe: Market Size and Analysis 53
10.1 Overview 53
10.1.1 Market Size and Analysis 53
10.2 UK 54
10.3 France 55
10.4 Italy 56
10.5 Russia 57
10.6 Germany 58
10.7 Spain 59
10.8 Poland 60
10.9 Netherlands 61
10.10 Portugal 62
10.11 Czech Republic 63
10.12 Sweden 64
10.13 Austria 64
10.14 Denmark 65
10.15 Norway 66
10.16 Finland 67
11 Vendor Profiles 69
11.1 Cubic Corporation 69
11.1.1 Overview 69
11.1.2 Business Unit 70
11.1.3 Geographic Revenue 71
11.1.4 Business Focus 71
11.1.5 SWOT Analysis 72
11.1.6 Business Strategies 72
11.2 Rambus Inc. 73
11.2.1 Overview 73
11.2.2 Business Unit 74
11.2.3 Geographic Revenue 75
11.2.4 Business Focus 75
11.2.5 SWOT Analysis 76
11.2.6 Business Strategies 76
11.3 Infineon Technologies AG 77
11.3.1 Overview 77
11.3.2 Business Unit 78
11.3.3 Geographic Revenue 79
11.3.4 Business Focus 79
11.3.5 SWOT analysis 80
11.3.6 Business Strategies 80
11.4 NXP Semiconductors 81
11.4.1 Overview 81
11.4.2 Business Unit 82
11.4.3 Geographic Presence 82
11.4.4 Business Focus 83
11.4.5 SWOT Analysis 84
11.4.6 Business Strategy 84
11.5 Xerox Corporation 85
11.5.1 Overview 85
11.5.2 Business Unit 86
11.5.3 Geographic Revenue 88
11.5.4 Business Focus 88
11.5.5 SWOT Analysis 89
11.5.6 Business Strategies 89
12 Companies to Watch For 90
12.1 Confidex Ltd. 90
12.1.1 Overview 90
12.1.2 Offerings: 90
Smart Ticketing Market: 90
12.2 Masabi Ltd. 90
12.2.1 Overview 90
12.2.2 Offerings: 91
Smart Ticketing Market: 91
12.3 RFID Global 91
12.3.1 Overview 91
12.3.2 Offerings: 91
12.4 CAEN RFID 92
12.4.1 Overview 92
12.4.2 Offerings: 92
RFID in Smart Ticketing: 92
12.5 BluEpyc 92
12.5.1 Overview 92
12.5.2 Offerings: 92
13 Competitive Landscape 93
13.1 Competitor Comparison Analysis 93
Annexure 94
 Abbreviations 94

Please enter your personal details below
*
I want to buy this report
I am willing to know the scope of research
I have customized query over this report
Cubic Corporation, Rambus Inc., Infineon Technologies AG, NXP Semiconductors, Xerox Corporation, Confidex Ltd., Masabi Ltd., RFID Global, CAEN RFID, and BluEpyc.
Please enter your personal details below
*
I want to buy this report
I am willing to know the scope of research
I have customized query over this report

Related Reports