The North America Smart Ticketing Market would witness market growth of 14.9% CAGR during the forecast period (2021-2027). Smart ticketing technology is not similar to conventional paper or cardboard tickets for public transport.
In the modern era, the ruling bodies are planning to deploy the technology in railway, roadway, and airways services. Smart ticketing is defined as the system that saves a ticket in an electronic format on a microchip and facilitates a smooth transportation and payment solution for consumers.
The development of smart cards for smart ticketing systems, along with the bright prospects from various applications, supports the demand for other ticketing systems, like contactless methods with the help of smartphones and the latest devices, smart wearables.
Leading smart wearable makers such as Samsung have allowed the payment through their smartwatches. The majority of the device makers are enabling the payment services through their mobile wallet payment-enabled services, like Samsung Pay, Fitbit Pay, Apple Pay, Garmin Pay, and GooglePay. Though it is true that smartwatches-enabled payments are still at the development phase, they hold a major potential in the market. These developments would help consumers to buy tickets using their wearable devices.
The accessibility and usage of the transportation system in North America are significantly changed by the outbreak of the global COVID-19 pandemic. Since March 2020, there has been a substantial dip in transportation activities across the US and Canada due to travel and public health restrictions. Public transit systems across the US suffered a massive financial burden with the sharp reduction in ridership during the global pandemic. Even with the grant of USD 25 billion offered by Congress in April 2020 through the CARES Act, transit companies were still facing a low demand. The governments have switched to the deployment of measures for protecting citizens and infrastructure, and hence, technological projects have taken a beating. Cashless payments have increased significantly in the US after the global pandemic hit the country. It is the most adopted method of payment because it requires the lowest physical interaction, thereby helps in curbing the transmission of the virus.
The US market dominated the North America Smart Ticketing Services Market by Country 2020, thereby, achieving a market value of $919.6 million by 2027, growing at a CAGR of 15.3 % during the forecast period. The Canada market is experiencing a CAGR of 18.9% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 17.9% during (2021 - 2027).
Based on Component, the market is segmented into Hardware, Software and Services. Based on Application, the market is segmented into Parking & Transportation and Sports & Entertainment. Parking & Transportation Type is further bifurcated across Roadways, Railways and Airways & Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Smart Ticketing Market is Estimated to Reach USD 21.1 Billion by 2027 at a CAGR of 15.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Thales Group S.A., NXP Semiconductors N.V., Infineon Technologies AG, Hitachi, Ltd., IDEMIA SAS (Advent International, Inc.), Assa Abloy AB, Giesecke & Devrient GmbH, Atsuke, and Confidex Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Hardware
- Software
- Services
By Application
- Parking & Transportation
- Roadways
- Railways
- Airways & Others
- Sports & Entertainment
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- Thales Group S.A.
- NXP Semiconductors N.V.
- Infineon Technologies AG
- Hitachi, Ltd.
- IDEMIA SAS (Advent International, Inc.)
- Assa Abloy AB
- Giesecke & Devrient GmbH
- Atsuke
- Confidex Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Ticketing Market, by Component
1.4.2 North America Smart Ticketing Market, by Application
1.4.3 North America Smart Ticketing Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2018, Mar – 2021, Mar) Leading Players
Chapter 4. North America Smart Ticketing Market by Component
4.1 North America Smart Ticketing Hardware Market by Country
4.2 North America Smart Ticketing Software Market by Country
4.3 North America Smart Ticketing Services Market by Country
Chapter 5. North America Smart Ticketing Market by Application
5.1 North America Parking & Transportation Smart Ticketing Market by Country
5.2 North America Smart Ticketing Market by Parking & Transportation Type
5.2.1 North America Roadways Smart Ticketing Market by Country
5.2.2 North America Railways Smart Ticketing Market by Country
5.2.3 North America Airways & Others Smart Ticketing Market by Country
5.3 North America Sports & Entertainment Smart Ticketing Market by Country
Chapter 6. North America Smart Ticketing Market by Country
6.1 US Smart Ticketing Market
6.1.1 US Smart Ticketing Market by Component
6.1.2 US Smart Ticketing Market by Application
6.1.2.1 US Smart Ticketing Market by Parking & Transportation Type
6.2 Canada Smart Ticketing Market
6.2.1 Canada Smart Ticketing Market by Component
6.2.2 Canada Smart Ticketing Market by Application
6.2.2.1 Canada Smart Ticketing Market by Parking & Transportation Type
6.3 Mexico Smart Ticketing Market
6.3.1 Mexico Smart Ticketing Market by Component
6.3.2 Mexico Smart Ticketing Market by Application
6.3.2.1 Mexico Smart Ticketing Market by Parking & Transportation Type
6.4 Rest of North America Smart Ticketing Market
6.4.1 Rest of North America Smart Ticketing Market by Component
6.4.2 Rest of North America Smart Ticketing Market by Application
6.4.2.1 Rest of North America Smart Ticketing Market by Parking & Transportation Type
Chapter 7. Company Profiles
7.1 Siemens AG
7.1.1 Company Overview
7.1.1 Financial Analysis
7.1.2 Segmental and Regional Analysis
7.1.3 Research & Development Expense
7.1.4 SWOT Analysis
7.2 Thales Group S.A.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research and Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Acquisition and Mergers:
7.3 NXP Semiconductors N.V.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.3.6 SWOT Analysis
7.4 Infineon Technologies AG
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Product Launches and Product Expansions:
7.4.6 SWOT Analysis
7.5 Hitachi, Ltd.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.6 SWOT Analysis
7.6 IDEMIA SAS (Advent International, Inc.)
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.6.2.2 Product Launches and Product Expansions:
7.6.2.3 Acquisition and Mergers:
7.7 Assa Abloy AB
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.5.2 Acquisition and Mergers:
7.8 Giesecke & Devrient GmbH
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.9 Atsukè
7.9.1 Company Overview
7.10. Confidex Ltd.
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Partnerships, Collaborations, and Agreements:
7.10.2.2 Product Launches and Product Expansions:
TABLE 1 North America Smart Ticketing Market, 2017 - 2020, USD Million
TABLE 2 North America Smart Ticketing Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Ticketing Market
TABLE 4 Product Launches And Product Expansions– Smart Ticketing Market
TABLE 5 Acquisition and Mergers– Smart Ticketing Market
TABLE 6 North America Smart Ticketing Market by Component, 2017 - 2020, USD Million
TABLE 7 North America Smart Ticketing Market by Component, 2021 - 2027, USD Million
TABLE 8 North America Smart Ticketing Hardware Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Smart Ticketing Hardware Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Smart Ticketing Software Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Smart Ticketing Software Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Smart Ticketing Services Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Smart Ticketing Services Market by Country, 2021 - 2027, USD Million
TABLE 14 North America Smart Ticketing Market by Application, 2017 - 2020, USD Million
TABLE 15 North America Smart Ticketing Market by Application, 2021 - 2027, USD Million
TABLE 16 North America Parking & Transportation Smart Ticketing Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Parking & Transportation Smart Ticketing Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Smart Ticketing Market by Parking & Transportation Type, 2017 - 2020, USD Million
TABLE 19 North America Smart Ticketing Market by Parking & Transportation Type, 2021 - 2027, USD Million
TABLE 20 North America Roadways Smart Ticketing Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Roadways Smart Ticketing Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Railways Smart Ticketing Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Railways Smart Ticketing Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Airways & Others Smart Ticketing Market by Country, 2017 - 2020, USD Million
TABLE 25 North America Airways & Others Smart Ticketing Market by Country, 2021 - 2027, USD Million
TABLE 26 North America Sports & Entertainment Smart Ticketing Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Sports & Entertainment Smart Ticketing Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Smart Ticketing Market by Country, 2017 - 2020, USD Million
TABLE 29 North America Smart Ticketing Market by Country, 2021 - 2027, USD Million
TABLE 30 US Smart Ticketing Market, 2017 - 2020, USD Million
TABLE 31 US Smart Ticketing Market, 2021 - 2027, USD Million
TABLE 32 US Smart Ticketing Market by Component, 2017 - 2020, USD Million
TABLE 33 US Smart Ticketing Market by Component, 2021 - 2027, USD Million
TABLE 34 US Smart Ticketing Market by Application, 2017 - 2020, USD Million
TABLE 35 US Smart Ticketing Market by Application, 2021 - 2027, USD Million
TABLE 36 US Smart Ticketing Market by Parking & Transportation Type, 2017 - 2020, USD Million
TABLE 37 US Smart Ticketing Market by Parking & Transportation Type, 2021 - 2027, USD Million
TABLE 38 Canada Smart Ticketing Market, 2017 - 2020, USD Million
TABLE 39 Canada Smart Ticketing Market, 2021 - 2027, USD Million
TABLE 40 Canada Smart Ticketing Market by Component, 2017 - 2020, USD Million
TABLE 41 Canada Smart Ticketing Market by Component, 2021 - 2027, USD Million
TABLE 42 Canada Smart Ticketing Market by Application, 2017 - 2020, USD Million
TABLE 43 Canada Smart Ticketing Market by Application, 2021 - 2027, USD Million
TABLE 44 Canada Smart Ticketing Market by Parking & Transportation Type, 2017 - 2020, USD Million
TABLE 45 Canada Smart Ticketing Market by Parking & Transportation Type, 2021 - 2027, USD Million
TABLE 46 Mexico Smart Ticketing Market, 2017 - 2020, USD Million
TABLE 47 Mexico Smart Ticketing Market, 2021 - 2027, USD Million
TABLE 48 Mexico Smart Ticketing Market by Component, 2017 - 2020, USD Million
TABLE 49 Mexico Smart Ticketing Market by Component, 2021 - 2027, USD Million
TABLE 50 Mexico Smart Ticketing Market by Application, 2017 - 2020, USD Million
TABLE 51 Mexico Smart Ticketing Market by Application, 2021 - 2027, USD Million
TABLE 52 Mexico Smart Ticketing Market by Parking & Transportation Type, 2017 - 2020, USD Million
TABLE 53 Mexico Smart Ticketing Market by Parking & Transportation Type, 2021 - 2027, USD Million
TABLE 54 Rest of North America Smart Ticketing Market, 2017 - 2020, USD Million
TABLE 55 Rest of North America Smart Ticketing Market, 2021 - 2027, USD Million
TABLE 56 Rest of North America Smart Ticketing Market by Component, 2017 - 2020, USD Million
TABLE 57 Rest of North America Smart Ticketing Market by Component, 2021 - 2027, USD Million
TABLE 58 Rest of North America Smart Ticketing Market by Application, 2017 - 2020, USD Million
TABLE 59 Rest of North America Smart Ticketing Market by Application, 2021 - 2027, USD Million
TABLE 60 Rest of North America Smart Ticketing Market by Parking & Transportation Type, 2017 - 2020, USD Million
TABLE 61 Rest of North America Smart Ticketing Market by Parking & Transportation Type, 2021 - 2027, USD Million
TABLE 62 Key Information – Siemens AG
TABLE 63 key information – Thales Group S.A.
TABLE 64 Key Information – NXP Semiconductors N.V.
TABLE 65 Key Information – Infineon Technologies AG
TABLE 66 Key Information – Hitachi, Ltd.
TABLE 67 Key Information – IDEMIA SAS
TABLE 68 Key Information – Assa Abloy AB
TABLE 69 Key Information – Giesecke & Devrient GmbH
TABLE 70 key information – Atsukè
TABLE 71 key information – Confidex Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2018, Mar – 2021, Mar) Leading Players
FIG 5 Swot analysis: Siemens AG
FIG 6 Swot analysis: NXP semiconductors N.V.
FIG 7 Recent strategies and developments: Infineon Technologies AG
FIG 8 Swot analysis: INFINEON TECHNOLOGIES AG
FIG 9 SWOT Analysis: Hitachi, ltd.
FIG 10 Recent strategies and developments: IDEMIA SAS
FIG 11 Recent strategies and developments: Assa Abloy AB
FIG 12 Recent strategies and developments: Confidex Ltd.