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Smart Ticketing Market Report by Product, Component, System, Application, and Region 2024-2032

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    Report

  • 146 Pages
  • March 2024
  • Region: Global
  • IMARC Group
  • ID: 5946890
Description Jump to:
The global smart ticketing market size reached US$ 19.9 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 47.3 Billion by 2032, exhibiting a growth rate (CAGR) of 10.1% during 2023-2032.

Smart ticketing refers to a flexible, quick, convenient, contactless, and easy-to-use system that electronically stores travel tickets on a microchip embedded in a smartcard. It allows passengers to seamlessly travel on public transport like buses, trams, or trains without using traditional payment systems like cash or purchasing a paper ticket. Nowadays, several companies are offering the option to add multiple train tickets to a single smartcard, which can be used across multiple journeys and modes of transportation.

Smart Ticketing Market Trends:

Individuals nowadays prefer public transportation over private vehicles on account of traffic congestion and rising environmental concerns, which represents one of the key factors driving the market growth. Moreover, governing agencies of various countries are promoting developments in smart technology and ticketing arrangements across different types of mobility and public transport. They are also promoting modern fare management that is safe, secure, reliable, and convenient for travelers and operators. Apart from this, the emergence of an innovative open-loop concept that enables passengers to utilize their credit or debit cards or mobile devices with payment functionalities like wearables for ticket payments is also contributing to the market growth. This can also be accredited to the increasing demand for mobile apps and the growing use of digital bank cards. Moreover, integrating blockchain technology with smart ticketing can improve the passenger experience as it offers greater flexibility while minimizing paper ticket waste. Additionally, the coronavirus disease (COVID-19) outbreak, along with the revival of the travel and tourism industry, is catalyzing the demand for contactless smart ticketing solutions to prevent cross-infection. Besides this, leading players are focusing on providing smart ticketing solutions based on fingerprint recognition algorithms and ultra-touch fingerprint sensors, which is projected to create a positive market outlook.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global smart ticketing market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product, component, system and application.

Breakup by Product:

  • Ticket Machine
  • E-Ticket
  • E-Kiosk
  • Request Tracker
  • Others

Breakup by Component:

  • Software
  • Hardware

Breakup by System:

  • Open Payment System
  • Smart Card
  • Near-Field Communication

Breakup by Application:

  • Sports and Entertainment
  • Transportation
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • - The competitive landscape of the industry has also been examined along with the profiles of the key players being Confidex Ltd., Cubic Corporation, Hid Global Corporation (Assa Abloy AB), Hitachi Ltd., Indra Sistemas S.A., Infineon Technologies AG, NXP Semiconductors N.V., Rambus Incorporated, Scheidt & Bachmann GmbH, Softjourn Inc., Thales Group and Verimatrix.

Key Questions Answered in This Report

1. What was the size of the global smart ticketing market in 2023?
2. What is the expected growth rate of the global smart ticketing market during 2024-2032?
3. What are the key factors driving the global smart ticketing market?
4. What has been the impact of COVID-19 on the global smart ticketing market?
5. What is the breakup of the global smart ticketing market based on the product?
6. What is the breakup of the global smart ticketing market based on component?
7. What is the breakup of the global smart ticketing market based on the system?
8. What is the breakup of the global smart ticketing market based on the application?
9. What are the key regions in the global smart ticketing market?
10. Who are the key players/companies in the global smart ticketing market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Smart Ticketing Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Ticket Machine
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 E-Ticket
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 E-Kiosk
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Request Tracker
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Component
7.1 Software
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Hardware
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by System
8.1 Open Payment System
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Smart Card
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Near-Field Communication
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Sports and Entertainment
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Transportation
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Confidex Ltd.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Cubic Corporation
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 SWOT Analysis
15.3.3 Hid Global Corporation (Assa Abloy AB)
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Hitachi Ltd.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Indra Sistemas S.A.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Infineon Technologies AG
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 NXP Semiconductors N.V.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Rambus Incorporated
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Scheidt & Bachmann GmbH
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Softjourn Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Thales Group
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Verimatrix
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
List of Figures
Figure 1: Global: Smart Ticketing Market: Major Drivers and Challenges
Figure 2: Global: Smart Ticketing Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Smart Ticketing Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Smart Ticketing Market: Breakup by Product (in %), 2023
Figure 5: Global: Smart Ticketing Market: Breakup by Component (in %), 2023
Figure 6: Global: Smart Ticketing Market: Breakup by System (in %), 2023
Figure 7: Global: Smart Ticketing Market: Breakup by Application (in %), 2023
Figure 8: Global: Smart Ticketing Market: Breakup by Region (in %), 2023
Figure 9: Global: Smart Ticketing (Ticket Machine) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Smart Ticketing (Ticket Machine) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Smart Ticketing (E-Ticket) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Smart Ticketing (E-Ticket) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Smart Ticketing (E-Kiosk) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Smart Ticketing (E-Kiosk) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Smart Ticketing (Request Tracker) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Smart Ticketing (Request Tracker) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Smart Ticketing (Other Product) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Smart Ticketing (Other Product) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Smart Ticketing (Software) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Smart Ticketing (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Smart Ticketing (Hardware) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Smart Ticketing (Hardware) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Smart Ticketing (Open Payment System) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Smart Ticketing (Open Payment System) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Smart Ticketing (Smart Card) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Smart Ticketing (Smart Card) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Smart Ticketing (Near-Field Communication) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Smart Ticketing (Near-Field Communication) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Smart Ticketing (Sports and Entertainment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Smart Ticketing (Sports and Entertainment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Smart Ticketing (Transportation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Smart Ticketing (Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Smart Ticketing (Other Application) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Smart Ticketing (Other Application) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: North America: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: North America: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: United States: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: United States: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Canada: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Canada: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Asia-Pacific: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Asia-Pacific: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: China: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: China: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Japan: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Japan: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: India: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: India: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: South Korea: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: South Korea: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Australia: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Australia: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Indonesia: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Indonesia: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Others: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Others: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Europe: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Europe: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Germany: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Germany: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: France: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: France: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: United Kingdom: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: United Kingdom: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Italy: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Italy: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Spain: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Spain: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Russia: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Russia: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Others: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Others: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Latin America: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Latin America: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Brazil: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Brazil: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Mexico: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Mexico: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Others: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Others: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Middle East and Africa: Smart Ticketing Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Middle East and Africa: Smart Ticketing Market: Breakup by Country (in %), 2023
Figure 83: Middle East and Africa: Smart Ticketing Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Global: Smart Ticketing Industry: SWOT Analysis
Figure 85: Global: Smart Ticketing Industry: Value Chain Analysis
Figure 86: Global: Smart Ticketing Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Smart Ticketing Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Smart Ticketing Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Smart Ticketing Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 4: Global: Smart Ticketing Market Forecast: Breakup by System (in Million US$), 2024-2032
Table 5: Global: Smart Ticketing Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Smart Ticketing Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Smart Ticketing Market: Competitive Structure
Table 8: Global: Smart Ticketing Market: Key Players

Companies Mentioned

  • Confidex Ltd.
  • Cubic Corporation
  • Hid Global Corporation (Assa Abloy AB)
  • Hitachi Ltd.
  • Indra Sistemas S.A.
  • Infineon Technologies AG
  • NXP Semiconductors N.V.
  • Rambus Incorporated
  • Scheidt & Bachmann GmbH
  • Softjourn Inc.
  • Thales Group and Verimatrix.

Methodology

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Table Information

Report AttributeDetails
No. of Pages146
PublishedMarch 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 19.9 Billion
Forecasted Market Value ( USD ) by 2032 $ 47.3 Billion
Compound Annual Growth Rate10.1%
Regions CoveredGlobal
No. of Companies Mentioned11

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About the Market

The Smart Ticket market within the context of Public Transport is a rapidly growing sector, with many companies offering innovative solutions to make travelling easier and more efficient. Smart Ticketing systems allow passengers to purchase tickets and passes electronically, often through a mobile app or website. This eliminates the need for physical tickets, reducing queues and improving the overall customer experience. Smart Ticketing also allows for real-time tracking of passenger movements, enabling transport operators to better manage their services. The Smart Ticket market is also becoming increasingly popular due to its convenience and cost-effectiveness. By eliminating the need for physical tickets, transport operators can reduce their costs and pass on the savings to passengers. Companies in the Smart Ticket market include Masabi, Bytemark, Trafi, and Passport. These companies provide a range of solutions, from mobile ticketing to payment processing and analytics. Show Less Read more

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