Transport Ticketing Market Research Report- Global Forecast 2030

Transport Ticketing Market, By Product (Ticket Machine, E-Ticket, E-Kiosk, E-Toll), By System (Smart Card, Smart Phone), By Application (Railways & Metros, Buses, Personal Vehicles) - Forecast 2030

ID: MRFR/SEM/2854-HCR | October 2022 | Region: Global | 100 Pages         

Transport Ticketing Market

Transport Ticketing Market growth at USD 31.5 Billion with a CAGR rate of 15.70% by Forecast period 2022-2030

Segmentation

By Product Ticket Machine E Ticket E Kiosk E Toll
By System Smart Card Smart Phone
By Application Railways & Metros Buses Personal Vehicles

Key Players

  • HID (US)
  • Gemalto NV (Netherlands)
  • NXP Semiconductors (US)
  • Accenture PLC (Ireland)
  • CPI Card Group Inc. (US)
  • Cubic Corp. (US)
  • Xerox Corp. (US)
  • AEP Ticketing Solutions (Signa)
  • Rambus Incorporated (US)
  • Infineon Technologies AG (Germany)

Drivers

  • Affordable access to smart transit systems
  • Rapid adoption of smart technologies
  • Increasing implementations of smart ticketing
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Transport Ticketing Market Overview


The transport ticketing market has gained a lot of popularity recently as it is a substitute for traditional paper-based ticketing. With the increasing digitalization and advancement in technology, the transport ticketing market is flourishing. It covers both smartphone apps and smartcard apps. Due to fewer printed tickets, it indirectly leads to a healthy environment atmosphere. Use of transport ticketing also saves time and now nobody has to stand in long queues for collecting tickets. The transport ticketing system has to flourish its roots all across the globe in no time.


Moreover, the transport ticketing market is expected to grow at a higher CAGR of 15.70% during the forecasted period to account for the higher market value of approximately USD 31.5 Billion in the global market.


COVID 19 Analysis


With the growing outbreak of the global pandemic of COVID 19 businesses have suffered huge losses which have pushed the economies towards forced recession. The growing wave of the global pandemic has suffocated the individual to fight between the financial crises along with health concerns. The situation of lockdown has resulted in shut down of most of the borders which leads to a steep downfall in the sales revenue of the transport ticketing market all across the globe. Due to this sudden outbreak, mobile payments have started in almost all the regions resulting in minimal physical interaction which is a need of an hour. In the case of transportation of essential items, restrictions have been limited by adopting the toll-free policy, no check, and no-stop policy.


However, it is expected that this market will recover from this global pandemic of COVID 19 by strategizing properly to meet the requirements of their customers. Also, it is expected to recover at the end of the third quarter in the coming year.


Market Dynamics



  • Drivers


The demand for transport ticketing is increasing constantly in the global market as it is a more eco-friendly and affordable option that requires access to smartphones and a smart transit system. The increasing implementation of smart ticketing coupled with advancement in technology drives the demand for the transport ticketing market in the global market. Efficiency in management of travels by an individual in public transport and low expenditure boost the growth of the transport ticketing market.



  • Opportunities


The demand for the transport ticketing market is increasing rapidly in the global market and hence provides various opportunities during the forecasted period. The advancement in public transport provides various growth opportunities. The increasing use of the transport ticketing Global market system for entertainment and sports events provided growth opportunities for the ticketing transport market all across the globe. Due to the global pandemic of COVOD 19, the concept of the contactless transaction also provides various growth opportunities in the global market.



  • Restraints


The demand for the transport ticketing global market is increasing tremendously in the global market but some factors restrict the growth of the transport ticketing market. The initial investment required for setting a transport ticketing system is very high as it has to involve various entities like the public sector, infrastructure providers, service providers, and many others. Data security and data safety are major hindrances to its growth. The inability of using smartphones and smartcards is a major factor that restricts the growth of in the global market.



  • Value Chain Analysis


The demand for the transport ticketing global market is increasing incredibly during recent times owing to various benefits. It is held in providing an eco-friendly environment as it reduces the use of paper. It provides ease in booking tickets as no one has to stand in long queues. It leads to a cut down on staff cost along with operating infrastructure cost. It provides the best fares. It also helps in increasing contactless transactions during the global pandemic situation.


Transport Ticketing Market


Market Segmentation


The transport ticketing market in the global market has been divided based on the product, system, and application.


Based on the Product


The global market has been divided based on the product into the ticket machine, E-Ticket, E-Kiosk, E-Toll, and many others. The largest market share is held by the E-Kiosk as it has a higher CAGR in the global market. The oldest form of smart ticketing is a ticket machine.


Based on the System


The global market has been divided based on the system into a smartphone, smart card, and others.


Based on the Application


The global market has been divided based on the application into ships, airlines, personal vehicles, buses, railways and metros, and many others.


Regional Analysis


The transport ticketing market in the global market has been divided based on the region into North American region, European region, Asia-Pacific region, and the rest of the world. The largest market share in the global market is held by the North American region owing to increasing advancement in technology which also results in more usage of smartphones.


Since the Asia-Pacific region is the fastest-growing region, it holds the second-largest market share in the global market. The presence of highly populated countries like India and China coupled with advancement in technology drives the demand for the market in the Asia-Pacific region.


The third-largest market share in the global market is held by the European region. The growing advancement in technology and increasing demand for the internet of thing drives the demand for the transport ticketing market in the European region.


The rest of the world includes the Latin American region and the Middle East and African region. Both the regions show bleak growth in the market owing to poor infrastructural development in these regions.


Competitive Landscape


The most prominent major key players in the global market are mentioned below:



  • HID (US)

  • Gemalto NV (Netherlands)

  • NXP Semiconductors (US)

  • Accenture PLC (Ireland)

  • CPI Card Group Inc. (US)

  • Cubic Corp. (US)

  • Xerox Corp. (US)

  • AEP Ticketing Solutions (Signa)

  • Rambus Incorporated (US)

  • Infineon Technologies AG (Germany)


These major key players use various strategies to sustain their market position in the transport ticketing market in the global market by collaborating, by going for mergers, and acquisitions, setting up a new joint venture, establishing a partnership, developing a new production process, innovation in the existing product, developing a new product line, and many others to expand their customer base in the untapped market of the transport ticketing all across the globe.


Recent Developments


In February 2021, a global provider of RFID handheld readers namely, TSL UK LTD has been acquired by HID Global. It will provide a one-stop-place for integrational tools and hardware.


In February 2021, a 10-year contract has been made between a French company having a specialty in mobility in payment methods namely Conduent and Flowbird, and Comutitres that has next-generation technologies.


In February 2021, for promoting self-checkout solutions at fuel, Pyramid Computer partnered with Scheidt & Bachmann. It will help in the development of SIQMA.


In February 2021, a security controller platform namely 40 nm SLC36/SLC37 has been launched by Infineon Technologies. It will provide flexibility for contactless payments for better performance.


The largest market share in the global market is held by the North American region owing to advancement in technology.


Report Overview


This global market research report consists of the following elements mentioned below:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape


Recent Developments


This global transport ticketing market research report contains factors that drive the growth of the transport ticketing market in the global market along with the factors that restrict the growth of the transport ticketing market in the global market. The opportunities available for the growth of the transport ticketing industry during the forecasted period are mentioned. The impact of COVID 19 on the sales revenue of the transport ticketing market all across the globe is mentioned. The future growth rate of the transport ticketing global market during the forecasted period is estimated and mentioned.


Intended Audience


Installers and maintenance service providers, original design manufacturers, original equipment manufacturers, technology solution providers, research and consultancy firms, government organizations, system integrators, investors and consultants, and many others.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 31.5 Billion
  CAGR   15.70%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product, System and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   HID (US),Gemalto NV (Netherlands),NXP Semiconductors (US),Accenture PLC (Ireland),CPI Card Group Inc. (US),Cubic Corp. (US),Xerox Corp. (US),AEP Ticketing Solutions (Signa),Rambus Incorporated (US),Infineon Technologies AG (Germany)
  Key Market Opportunities   
  Key Market Drivers

  • Affordable access to smart transit systems.
  • Rapid adoption of smart technologies.
  • Increasing implementations of smart ticketing


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    Frequently Asked Questions (FAQ) :

    The global transport ticketing market is expected to reach a value of USD 31.5 Billion by 2030.

    The global transport ticketing market can display a CAGR of 15.70% from 2022 to 2030.

    Access to rapid transit systems and mobile applications providing access to these systems can drive the global transport ticketing market.

    E-kiosks can generate maximum revenue in the market owing to being reliable during peak hours and dispensing tickets at high speeds.

    CPI Card Group Inc., NXP Semiconductors, Accenture Plc, Gemalto NV, Rambus Incorporated, HID, AEP Ticketing Solutions, Infineon Technologies AG, Cubic Corp., and Xerox Corp. are major companies in the global transport ticketing market.