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

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


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Executive Summary

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 USD 1.74 billion in 2017 and is expected to reach USD 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 USD 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 USD 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 USD 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.



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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

 

Charts

 

CHART 1 PEST ANALYSIS OF EUROPE SMART TICKETING MARKET 12

CHART 2 RESEARCH METHODOLOGY OF EUROPE SMART TICKETING MARKET 16

CHART 3 GLOBAL SMART TICKETING MARKET REVENUE, 2017-2023 (USD BILLION) 18

CHART 4 EUROPEAN SMART TICKETING MARKET REVENUE, 2017-2023 (USD BILLION) 18

CHART 5 SMART TICKETING MARKET SEGMENTATION 22

CHART 6 PORTERS 5 FORCES ON EUROPE SMART TICKETING MARKET 23

CHART 7 EVOLUTION OF SMART TICKETING TECHNOLOGY 24

CHART 8 ECOSYSTEM OF SMART TICKETING 25

CHART 9 MARKET DYNAMICS-DRIVERS, RESTRAINTS, AND OPPORTUNITIES 26

CHART 10 DRO-IMPACT ANALYSIS OF EUROPE SMART TICKETING MARKET 29

CHART 11 NFC MARKET REVENUE, 2017-2023 (USD MILLION) 31

CHART 12 RFID MARKET REVENUE, 2017-2023 (USD MILLION) 31

CHART 13 QR CODE MARKET REVENUE, 2017-2023 (USD MILLION) 32

CHART 14 BAR CODE MARKET REVENUE, 2017-2023 (USD MILLION) 33

CHART 15 OPEN PAYMENT SYSTEMS MARKET REVENUE, 2017-2023 (USD MILLION) 34

CHART 16 OTHERS MARKET REVENUE, 2017-2023 (USD MILLION) 34

CHART 17 TICKETING SYSTEM MARKET REVENUE, 2017-2023 (USD MILLION) 36

CHART 18 TICKETING MACHINES MARKET REVENUE, 2017-2023 (USD MILLION) 36

CHART 19 SMART PARKING MARKET REVENUE, 2017-2023 (USD MILLION) 37

CHART 20 SMART BILL MARKET REVENUE, 2017-2023 (USD MILLION) 38

CHART 21 SMART CARD MARKET REVENUE, 2017-2023 (USD MILLION) 40

CHART 22 MOBILE DEVICES CARD MARKET REVENUE, 2017-2023 (USD MILLION) 41

CHART 23 METROS AND TRAMS MARKET REVENUE, 2017-2023 (USD BILLION) 44

CHART 24 BUSES MARKET REVENUE, 2017-2023 (USD BILLION) 45

CHART 25 RAILWAYS MARKET REVENUE, 2017-2023 (USD MILLION) 45

CHART 26 AIRLINES MARKET REVENUE, 2017-2023 (USD MILLION) 46

CHART 27 WATER TRANSPORT MARKET REVENUE, 2017-2023 (USD MILLION) 47

CHART 28 SPORTS MARKET REVENUE, 2017-2023 (USD MILLION) 47

CHART 29 EMTERTAINMENT MARKET REVENUE, 2017-2023 (USD MILLION) 48

CHART 30 OTHERS MARKET REVENUE, 2017-2023 (USD MILLION) 49

CHART 31 UK MARKET REVENUE, 2017-2023 (USD MILLION) 51

CHART 32 FRANCE MARKET REVENUE, 2017-2023 (USD MILLION) 52

CHART 33 ITALY MARKET REVENUE, 2017-2023 (USD MILLION) 53

CHART 34 RUSSIA MARKET REVENUE, 2017-2023 (USD MILLION) 54

CHART 35 GERMANY MARKET REVENUE, 2017-2023 (USD MILLION) 55

CHART 36 SPAIN MARKET REVENUE, 2017-2023 (USD MILLION) 56

CHART 37 POLAND MARKET REVENUE, 2017-2023 (USD MILLION) 57

CHART 38 NETHERLANDS MARKET REVENUE, 2017-2023 (USD MILLION) 58

CHART 39 PORTUGAL MARKET REVENUE, 2017-2023 (USD MILLION) 59

CHART 40 CZECH REPUBLIC MARKET REVENUE, 2017-2023 (USD MILLION) 60

CHART 41 SWEDEN MARKET REVENUE, 2017-2023 (USD MILLION) 61

CHART 42 AUSTRIA MARKET REVENUE, 2017-2023 (USD MILLION) 62

CHART 43 DENMARK MARKET REVENUE, 2017-2023 (USD MILLION) 62

CHART 44 NORWAY MARKET REVENUE, 2017-2023 (USD MILLION) 63

CHART 45 FINLAND MARKET REVENUE, 2017-2023 (USD MILLION) 64

CHART 46 CUBIC CORPORATION: OVERVIEW SNAPSHOT 66

CHART 47 CUBIC CORPORATION: BUSINESS UNITS 67

CHART 48 CUBIC CORPORATION: GEOGRAPHIC REVENUE 68

CHART 49 CUBIC CORPORATION: SWOT ANALYSIS 69

CHART 50 RAMBUS: OVERVIEW SNAPSHOT 70

CHART 51 RAMBUS: BUSINESS UNITS 71

CHART 52 RAMBUS: GEOGRAPHIC REVENUE 72

CHART 53 RAMBUS: SWOT ANALYSIS 73

CHART 54 INFINEON TECHNOLOGIES: OVERVIEW SNAPSHOT 74

CHART 55 INFINEON: BUSINESS UNITS 75

CHART 56 INFINEON TECHNOLOGIES: GEOGRAPHIC REVENUE 76

CHART 57 INFINEON TECHNOLOGIES: SWOT ANALYSIS 77

CHART 58 NXP SEMICONDUCTORS: OVERVIEW SNAPSHOT 78

CHART 59 NXP SEMICONDUCTORS: BUSINESS UNITS 79

CHART 60 NXP SEMICONDUCTORS: GEOGRAPHIC PRESENCE 79

CHART 61 NXP SEMICONDUCTORS: SWOT ANALYSIS 81

CHART 62 XEROX CORPORATION: OVERVIEW SNAPSHOT 82

CHART 63 XEROX CORPORATION: BUSINESS UNITS 83

CHART 64 XEROX CORPORATION: GEOGRAPHIC REVENUE 85

CHART 65 XEROX CORPORATION: SWOT ANALYSIS 86

 

Tables

 

TABLE 1 EUROPE SMART TICKETING MARKET REVENUE BY TECHNOLOGY, 2017-2023 (USD MILLION) 30

TABLE 2 EUROPE SMART TICKETING MARKET GROWTH BY TECHNOLOGY, 2017-2023, (Y-O-Y, %) 30

TABLE 3 EUROPEA SMART TICKETING MARKET REVENUE BY PRODUCTS, 2017-2023 (USD MILLION) 35

TABLE 4 EUROPE SMART TICKETING MARKET GROWTH BY PRODUCT TYPE, 2017-2023, (Y-O-Y, %) 35

TABLE 5 EUROPE SMART TICKETING MARKET REVENUE BY MODES, 2017-2023 (USD MILLION) 39

TABLE 6 EUROPE SMART TICKETING MARKET GROWTH BY MODES, 2017-2023, Y-O-Y (%) 39

TABLE 7 SMART TICKETING MARKET REVENUE BY VERTICALS, 2017-2023 (USD MILLION) 42

TABLE 8 SMART TICKETING MARKET GROWTH BY VERTICALS, 2017-2023 (Y-O-Y, %) 42

TABLE 9 TRANSPORTATION MARKET REVENUE BY MODES, 2017-2023 (USD MILLION) 43

TABLE 10 SMART TICKETING MARKET GROWTH BY MODES, 2017-2023 (Y-O-Y, %) 43

TABLE 11 LAND TRANSPORTATION MODES MARKET REVENUE BY TYPE, 2017-2023 (USD MILLION) 43

TABLE 12 LAND TRANSPORTATION MODES MARKET GROWTH BY TYPE, 2017-2023, Y-O-Y (%) 44

TABLE 13 EUROPE SMART TICKETING MARKET REVENUE BY COUNTRY, 2017-2023 (USD MILLION) 50

TABLE 14 EUROPE SMART TICKETING MARKET GROWTH BY REGIONS, 2017-2023 (Y-O-Y, %) 50

 

 

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Cubic Corporation, Rambus Inc., Infineon Technologies AG, NXP Semiconductors, Xerox Corporation, Confidex Ltd., Masabi Ltd., RFID Global, CAEN RFID, and BluEpyc.

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