Contactless Ticketing Smart Card Shipments Fall 10% in 2020 as Transport Networks Close Across the Globe
LONDON, Oct. 22, 2020 /PRNewswire/ -- In the wake of the COVID-19 pandemic, the worldwide shipments of contactless ticketing smart cards are set to fall from 439.7 million in 2019 to 393.9 million in 2020, according to ABI Research, a global tech market advisory firm. With many transport authorities reporting a ridership disaster and transport networks limiting the use or significantly reducing capacity to reduce the risk of COVID-19 transmission, the contactless ticketing market has seen a considerable slump in 2020.
"Clearly 2020 will see a decline for the contactless ticketing market. Overall a -10.4% Year-on-Year (YoY) growth rate, related to unit shipments is forecast, with continued migration from memory to microcontroller. But the overall decline is a result of the ongoing COVID-19 pandemic," says Sam Gazeley, Digital Security Research Analyst at ABI Research.
Continuing from the trend in 2019 for memory, a decline in memory shipments is expected this year due to the continued global microcontroller migration as a platform to increase security and enhance functionality, as networks look to ready themselves for mobile ticketing deployment. YoY growth for memory units will land at -19.3% in 2020 with 143.4 million units shipped, down from 177.8 million in 2019.
With most global transport networks undergoing significantly reduced services, ridership and issuance has been significantly lower throughout 2Q 2020, with the impact likely to impact all of 2020. Mobile Ticketing will also see a sharp impact, with QR Code usage in the Airline market falling 69% in 2020. This is driven by significant international travel restrictions and not expected to fully recover until 2022, at the earliest. Not only are most countries seeing a shift towards a rising and likely continued "work-from-home" culture resulting in less commuting, but tourism has also seen a decline, driven by significant international travel restrictions. Furthermore, any localized public travel linked to major sporting events, music, and entertainment has been effectively shut down.
"However, there are many positives to draw from the current situation. The global COVID-19 pandemic has brought about a drive toward the Contactless Ticketing System (cEMV) as a platform to modernize ticketing systems in a contact-free way. While ridership has seen a significant downturn as a result of the pandemic, cEMV systems provide several advantages for end-users and transport operators who can move away from the cost of issuing proprietary paper tickets and plastic passes," Gazeley explains.
As it relates to account-based ticketing (ABT), Singapore has migrated to an account-based system, with many other operators citing moving to open-loop as a major priority. Soon, Malaysian transport authorities may also seek to leverage ABT to achieve interoperability with different fare media with the option to use bolt-on services," Gazeley adds.
These findings are from ABI Research's Contactless Ticketing Smart Card Technologies market data report. This report is part of the company's Digital Security research service, which includes research, data, and analyst insights. Market Data spreadsheets are composed of deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight where opportunities lie.
About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.
ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。
For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.
Contact Info:
Global
Deborah Petrara
Tel: +1.516.624.2558
[email protected]
SOURCE ABI Research
Share this article