Automatic Ticket Machine Market Forecasts to 2028 – Global Analysis By Payment Type (Mobile Payment, Smart Card Payment and Cash Payment), Application (Entertainment and Gaming, Public Transport and Other Applications) and By Geography

Automatic Ticket Machine Market Forecasts to 2028 – Global Analysis By Payment Type (Mobile Payment, Smart Card Payment and Cash Payment), Application (Entertainment and Gaming, Public Transport and Other Applications) and By Geography

According to Stratistics MRC, the Global Automatic Ticket Machine Market is accounted for $3.60 billion in 2022 and is expected to reach $8.43 billion by 2028 growing at a CAGR of 15.2% during the forecast period. Automatic ticket machines (ATMs) are used to generate tickets automatically in public transport and public access points. These machines can act as urban help by displaying static or dynamic information to the user. The advancement of technology in digital payment methods is an increasing trend. Automatic ticket-generating devices with digital payment options are referred to as ticket friend solutions, which allow the use of a smart card to predetermine the transport parameters.

According to the Association of American Railroads (AAR), rail traffic is experiencing a downfall by nearly 21.9% compared to last year.

Market Dynamics:

Driver:

Increased popularity of automatic ticket machines with digital payment options

To ease the high traffic at ticket counters, prominent firms are merging ATMs with digital payment systems. They are also continually integrating digital payment methods in order to acquire real-time consumer data. The unexpected increase in people travelling by airline and train around the world has contributed to the growing popularity of automated tickets generated by smart cards while travelling. Furthermore, nations such as India, Hungary, South Africa, Malaysia, Indonesia, and others are seeing a surge in the use of E-tickets issued using digital payment methods in the entertainment sector. This is due to the widespread use of touch-screen ticketing kiosks in the public transport, public access, and entertainment and gaming sectors.

Restraint:

Failure of operational network

Due to the large number of daily commuting passengers and a lack of security, the public transport sector is confronting the challenge of investing money in the maintenance of automatic ticket machines. Furthermore, the issue of network connectivity impedes machine installation because they require a powerful internet connection to execute numerous duties at once. Furthermore, the abrupt failure of automated ticket machine units puts commercial store infrastructure, multi-specialty centres, and the transportation industry under strain. Sudden breakdown refers to network connectivity failure and outage caused by improper usage.

Opportunity:

Technological development in digital payment options

Manufacturers compete in the market based on variables such as machine innovation, delivery speed, reliability, and after-sales services. To achieve a competitive advantage, major firms are focusing more on machine innovation employing technical advancements such as radio frequency identification (RFID), Zigbee technology, and near field communication (NFC) technology. These new technologies are said to be critical components in the product offerings. They provide remote monitoring and proactive maintenance help to track the proper operation and discover problems with automated ticket machines. These technological advancements complement automatic ticket creation, attracting a bigger number of passengers.

Threat:

High installation cost

Installation of automatic ticket vending machine companies is expensive and includes installing vending machine equipment and checking devices; setting up communication networks (wired networks) and installing network equipment (all types of networks); fixing installed system hardware, fine-tuning, and testing system hardware; and interaction between system components. Bus transit providers require handheld collection devices, whereas tube and railway systems necessitate much larger infrastructure. This raises overall installation costs, slowing market expansion.

Covid-19 Impact

The COVID-19 pandemic has had a negative impact on the expansion of the automatic ticket machine sector. It has disrupted the operating flow of ATM systems at public transportation and entertainment and gaming hubs around the world. Furthermore, the International Air Transport Association (IATA) predicts that if Covid-19 spreads further, global passenger revenue will decline by around 19%. These variables have an indirect impact on the market, and it will face almost nil operational work in the present year as a result of the partial or entire shutdown of numerous industry verticals, including manufacturing, around the world.

The smart cards segment is expected to be the largest during the forecast period

The smart cards segment is estimated to have a lucrative growth, as it provides advantages such as enhanced convenience, security, and reduced manual cash handling over cash payment type. Smart cards with short-range wireless communication can be utilised in contactless payment systems. In the public transport industry, smart cards with embedded RFID chips are gaining acceptance. Furthermore, smart cards are commonly used in the entertainment and gaming industries because they eliminate the need for cash handling while playing a game or viewing a movie.

The entertainment and gaming segment is expected to have the highest CAGR during the forecast period

The entertainment and gaming segment is anticipated to witness the highest CAGR growth during the forecast period, which can be attributed to the increase in construction of multi-specialty hubs and commercial stores. This sector provides a just-in-time method for quick ticketing solutions, decreasing the amount of time required. Furthermore, smart ticketing systems have developed dramatically as a result of the use of multimedia, aided by improvements in Artificial Intelligence (AI) technology and IoT implementation.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the continually increasing investment in commercial real estate in China and India. Furthermore, the region's growing urbanisation and rising demand for public transport are both favourable indicators for the local market. With increasing train passenger numbers and rising financial support for airport and commercial infrastructure renovations, governmental organisations in this region are making large investments in infrastructure projects and forming alliances to gain a competitive advantage in the market.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, due to the presence of the majority of the largest ticket kiosk manufacturers in countries such as Germany and the United Kingdom. In addition, high per capita spending is contributing to market growth in the aforementioned European countries. Furthermore, governmental agencies are giving automatic ticket solutions while travelling via railways, trams, and so on, which has boosted the use of automatic ticket vending machine systems across European Union (EU) countries.

Key players in the market

Some of the key players profiled in the Automatic Ticket Machine Market include Cubic Corporation, Diebold Nixdorf, Incorporated, SBB, Infineon Technologies AG, CPI Card Group Inc., HID Global Corporation/ASSA ABLOY AB, Xerox Corporation, Gemalto NV, NXP Semiconductors, Scheidt & Bachmann GmbH, Gemalto NV and Parkeon.

Key Developments:

In July 2022, NXP Semiconductors collaborated with Hon Hai Technology Group (“Foxconn”) to jointly develop platforms for a new generation of smart connected vehicles.

In May 2019, Infineon Technologies AG collaborated with Rambus.com to provide mobility services in smart ticketing solutions for smart cards and mobiles across the globe. The companies are combining their expertise on ‘CIPURSE’ open standard for smart ticketing and mobile solutions to provide future proof transport ticketing solutions.

Payment Types Covered:
• Mobile Payment
• Smart Card Payment
• Cash Payment

Applications Covered:
• Entertainment and Gaming
• Public Transport
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements