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

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  • 96 Pages
  • February 2018
  • Region: Europe
  • IHR Insights
  • ID: 4470740
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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
1.1 Industry Overview
1.2 Industry Trends
1.3 PEST Analysis
2. Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3. Market Snapshot
3.1 Total Addressable Market
3.2 Segmented Addressable Market
4. Market Outlook
4.1 Overview
4.2 Market Trends
4.3 Market Segmentation
4.4 Porter 5 (Five) Forces
5. Market Characteristics
5.1 Evolution
5.2 Ecosystem
5.3 Market Dynamics
5.3.1 Drivers Growing European tourism industry Simplified technology ecosystem Need for the innovation of more potential systems
5.3.2 Restraints Lack of investments in the data and security Increasing use of personal vehicles
5.3.3 Opportunities Growing need for automation in smart cities Need for digitalization of transportation industry Increasing demand for intelligent transportation systems
5.3.4 DRO - Impact Analysis
6. Technology: Market Size and Analysis
6.1 Overview
6.2 NFC
6.3 RFID
6.4 QR Code
6.5 Bar Code
6.6 Open Payment Fare Systems
6.7 Others
7. Product: Market Size and Analysis
7.1 Overview
7.2 Ticketing System
7.3 Ticketing Machines
7.4 Smart Parking
7.5 Smart Bill
8. Modes: Market Size and Analysis
8.1 Overview
8.2 Smart Card
8.2.1 Contactless Cards
8.2.2 Contact Cards
8.3 Mobile Devices
9. Verticals: Market Size and Analysis
9.1 Overview
9.1.1 Market Size and Analysis
9.2 Transportation
9.2.1 Land Transport Metros and Trams Buses Railways
9.2.2 Air Transport: Airlines
9.2.3 Water transport
9.3 Sports
9.4 Entertainment
9.5 Others
10. Europe: Market Size and Analysis
10.1 Overview
10.1.1 Market Size and Analysis
10.2 UK
10.3 France
10.4 Italy
10.5 Russia
10.6 Germany
10.7 Spain
10.8 Poland
10.9 Netherlands
10.10 Portugal
10.11 Czech Republic
10.12 Sweden
10.13 Austria
10.14 Denmark
10.15 Norway
10.16 Finland
11. Vendor Profiles
11.1 Cubic Corporation
11.1.1 Overview
11.1.2 Business Unit
11.1.3 Geographic Revenue
11.1.4 Business Focus
11.1.5 SWOT Analysis
11.1.6 Business Strategies
11.2 Rambus Inc.
11.2.1 Overview
11.2.2 Business Unit
11.2.3 Geographic Revenue
11.2.4 Business Focus
11.2.5 SWOT Analysis
11.2.6 Business Strategies
11.3 Infineon Technologies AG
11.3.1 Overview
11.3.2 Business Unit
11.3.3 Geographic Revenue
11.3.4 Business Focus
11.3.5 SWOT analysis
11.3.6 Business Strategies
11.4 NXP Semiconductors
11.4.1 Overview
11.4.2 Business Unit
11.4.3 Geographic Presence
11.4.4 Business Focus
11.4.5 SWOT Analysis
11.4.6 Business Strategy
11.5 Xerox Corporation
11.5.1 Overview
11.5.2 Business Unit
11.5.3 Geographic Revenue
11.5.4 Business Focus
11.5.5 SWOT Analysis
11.5.6 Business Strategies
12. Companies to Watch For
12.1 Confidex Ltd.
12.1.1 Overview
12.1.2 Offerings:
Smart Ticketing Market:
12.2 Masabi Ltd.
12.2.1 Overview
12.2.2 Offerings:
Smart Ticketing Market:
12.3 RFID Global
12.3.1 Overview
12.3.2 Offerings:
12.4.1 Overview
12.4.2 Offerings:
RFID in Smart Ticketing:
12.5 BluEpyc
12.5.1 Overview
12.5.2 Offerings:
13. Competitive Landscape
13.1 Competitor Comparison Analysis
List of Tables:
Table 1 Europe Smart Ticketing Market Revenue by Technology, 2017-2023 ($Million)
Table 2 Europe Smart Ticketing Market Growth by Technology, 2017-2023, (Y-O-Y, %)
Table 3 Europea Smart Ticketing Market Revenue by Products, 2017-2023 ($Million)
Table 4 Europe Smart Ticketing Market Growth by Product Type, 2017-2023, (Y-O-Y, %)
Table 5 Europe Smart Ticketing Market Revenue by Modes, 2017-2023 ($Million)
Table 6 Europe Smart Ticketing Market Growth by Modes, 2017-2023, Y-O-Y (%)
Table 7 Smart Ticketing Market Revenue by Verticals, 2017-2023 ($Million)
Table 8 Smart Ticketing Market Growth by Verticals, 2017-2023 (Y-O-Y, %)
Table 9 Transportation Market Revenue by Modes, 2017-2023 ($Million)
Table 10 Smart Ticketing Market Growth by Modes, 2017-2023 (Y-O-Y, %)
Table 11 Land Transportation Modes Market Revenue by Type, 2017-2023 ($Million)
Table 12 Land Transportation Modes Market Growth by Type, 2017-2023, Y-O-Y (%)
Table 13 Europe Smart Ticketing Market Revenue by Country, 2017-2023 ($Million)
Table 14 Europe Smart Ticketing Market Growth by Regions, 2017-2023 (Y-O-Y, %)
List of Charts:
Chart 1 Pest Analysis of Europe Smart Ticketing Market
Chart 2 Research Methodology of Europe Smart Ticketing Market
Chart 3 Global Smart Ticketing Market Revenue, 2017-2023 ($Billion)
Chart 4 European Smart Ticketing Market Revenue, 2017-2023 ($Billion)
Chart 5 Smart Ticketing Market Segmentation
Chart 6 Porters 5 Forces on Europe Smart Ticketing Market
Chart 7 Evolution of Smart Ticketing Technology
Chart 8 Ecosystem of Smart Ticketing
Chart 9 Market Dynamics - Drivers, Restraints, And Opportunities
Chart 10 Dro - Impact Analysis of Europe Smart Ticketing Market
Chart 11 NFC Market Revenue, 2017-2023 ($Million)
Chart 12 Rfid Market Revenue, 2017-2023 ($Million)
Chart 13 QR Code Market Revenue, 2017-2023 ($Million)
Chart 14 Bar Code Market Revenue, 2017-2023 ($Million)
Chart 15 Open Payment Systems Market Revenue, 2017-2023 ($Million)
Chart 16 Others Market Revenue, 2017-2023 ($Million)
Chart 17 Ticketing System Market Revenue, 2017-2023 ($Million)
Chart 18 Ticketing Machines Market Revenue, 2017-2023 ($Million)
Chart 19 Smart Parking Market Revenue, 2017-2023 ($Million)
Chart 20 Smart Bill Market Revenue, 2017-2023 ($Million)
Chart 21 Smart Card Market Revenue, 2017-2023 ($Million)
Chart 22 Mobile Devices Card Market Revenue, 2017-2023 ($Million)
Chart 23 Metros And Trams Market Revenue, 2017-2023 ($Billion)
Chart 24 Buses Market Revenue, 2017-2023 ($Billion)
Chart 25 Railways Market Revenue, 2017-2023 ($Million)
Chart 26 Airlines Market Revenue, 2017-2023 ($Million)
Chart 27 Water Transport Market Revenue, 2017-2023 ($Million)
Chart 28 Sports Market Revenue, 2017-2023 ($Million)
Chart 29 Emtertainment Market Revenue, 2017-2023 ($Million)
Chart 30 Others Market Revenue, 2017-2023 ($Million)
Chart 31 UK Market Revenue, 2017-2023 ($Million)
Chart 32 France Market Revenue, 2017-2023 ($Million)
Chart 33 Italy Market Revenue, 2017-2023 ($Million)
Chart 34 Russia Market Revenue, 2017-2023 ($Million)
Chart 35 Germany Market Revenue, 2017-2023 ($Million)
Chart 36 Spain Market Revenue, 2017-2023 ($Million)
Chart 37 Poland Market Revenue, 2017-2023 ($Million)
Chart 38 Netherlands Market Revenue, 2017-2023 ($Million)
Chart 39 Portugal Market Revenue, 2017-2023 ($Million)
Chart 40 Czech Republic Market Revenue, 2017-2023 ($Million)
Chart 41 Sweden Market Revenue, 2017-2023 ($Million)
Chart 42 Austria Market Revenue, 2017-2023 ($Million)
Chart 43 Denmark Market Revenue, 2017-2023 ($Million)
Chart 44 Norway Market Revenue, 2017-2023 ($Million)
Chart 45 Finland Market Revenue, 2017-2023 ($Million)
Chart 46 Cubic Corporation: Overview Snapshot
Chart 47 Cubic Corporation: Business Units
Chart 48 Cubic Corporation: Geographic Revenue
Chart 49 Cubic Corporation: SWOT Analysis
Chart 50 Rambus: Overview Snapshot
Chart 51 Rambus: Business Units
Chart 52 Rambus: Geographic Revenue
Chart 53 Rambus: SWOT Analysis
Chart 54 Infineon Technologies: Overview Snapshot
Chart 55 Infineon: Business Units
Chart 56 Infineon Technologies: Geographic Revenue
Chart 57 Infineon Technologies: SWOT Analysis
Chart 58 NXP Semiconductors: Overview Snapshot
Chart 59 NXP Semiconductors: Business Units
Chart 60 NXP Semiconductors: Geographic Presence
Chart 61 NXP Semiconductors: SWOT Analysis
Chart 62 Xerox Corporation: Overview Snapshot
Chart 63 Xerox Corporation: Business Units
Chart 64 Xerox Corporation: Geographic Revenue
Chart 65 Xerox Corporation: SWOT Analysis

Companies Mentioned

  • BluEpyc
  • Companies to Watch For
  • Cubic Corporation
  • Infineon Technologies AG
  • Masabi Ltd.
  • NXP Semiconductors
  • Rambus Inc.
  • RFID Global
  • Xerox Corporation