Smart Card Market Size, Share, Recent Trends and Opportunities by Forecast 2024

Posted by Somesh on December 20th, 2019

The Global Smart Card Market is estimated to reach USD 21.8 Billion in 2024 at a CAGR of 9.8%. Increasing emphasis on promoting cashless economy, increasing adoption of e-passport and e-visa services and rising demand in BFSI sector is expected to drive the smart card market during the forecast period. However, High cost and uncertainty of overseas transaction is expected to restrain the market during the forecast period. Launching of EMV card with fingerprint biometrics opportunity for smart card market.

 

Smart card is a physical card that include integrated chip. It is mostly use for security identification, payment application and in digital platform. Some key players in smart card are Gemalto NV, Cardlogix Corporation, Giesecke+Devrient GmbH, Infineon Technologies AG, IDEMIA, NXP Semiconductors, and ASSA ABLOY among other.

Smart Card Market: Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of type, the market is segmented into contact smart cards, contactless smart cards, hybrid smart cards, duel interface cards, memory smart cards and microprocessor smart cards.by component, the smart card market is segmented into memory based and microcontroller based. by end use industry the market is segmented into BFSI, retail, healthcare, government, IT & telecommunication and others.

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Smart Card Market: Report Scope

The report on the global market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Companies Covered

• Watch data Group (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
• Gemalto NV
• Cardlogix Corporation
• Giesecke+Devrient GmbH
• Infineon Technologies AG
• IDEMIA
• NXP Semiconductors
• ASSA ABLOY
• Other Key Companies

SMART CARD Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

SMART CARD Market, by Type

• Contact Smart Cards
• Contactless Smart Cards
• Hybrid Smart Cards
• Duel Interface Cards
• Memory Smart Cards
• Microprocessor Smart Cards

SMART CARD Market, by Component

• Memory Based
• Microcontroller Based

SMART CARD Market by, End-Use Industry

• BFSI
• Retail
• Healthcare
• Government
• IT & Telecommunication
• Others

SMART CARD Market by Region

Asia-Pacific

• China
• Japan
• South Korea
• India
• Taiwan
• Rest of Asia-Pacific

North America

• US
• Canada
• Mexico

Europe

• Germany
• Russia
• France
• Italy
• UK
• Spain
• The Netherlands
• Rest of Europe

Middle East and Africa

• Saudi Arabia
• UAE
• Rest of Middle East & Africa

South America

• Brazil
• Argentina
• Rest of South America

Key Questions answered by the report

• What are the major developments impacting the smart card market and its growth?
• What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
• What are the evolving types of the smart card market?
• What are the evolving applications of smart card market?
• What are the major characteristics that will affect the global market growth during the study period?
• Who are the key players operating in the smart card market?
• How are the major players leveraging in the existing market conditions?

Table of Contents

1      INTRODUCTION

1.1       Research Objectives

1.2       Market Definition

1.3       Research Scope

1.4       Regional Coverage

1.5       Research Timeline

1.6       Assumptions

1.7       Limitations

2      RESEARCH DESIGN & SCOPE

2.1       Introduction

2.2       Primary Research

2.2.1    Key Industry Expert Insight

2.3       Secondary Research

2.3.1    Vital Data from Secondary Sources

2.4       Market Size Estimation

2.5       Data Validation & Triangulation

3      EXECUTIVE SUMMARY

4      MARKET DYNAMICS

4.1       Introduction

4.2       Drivers

4.2.1.    Increasing emphasis on promoting cashless economy

4.2.2.    Continuing growth in technological advancement (i.e. e-passport)

4.2.3.    Rising demand in BFSI sector

4.3       Restraints

4.3.1.    High cost and uncertainty of overseas transaction

4.4       Opportunities

4.4.1.    Launching of EMV card with fingerprint biometrics

4.5       Challenges

4.5.1.    Security related issues

5      INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS

5.1       Introduction

5.1.1.    Power of Buyers

5.1.2.    Power of Suppliers

5.1.3.    Intensity of Competition

5.1.4.    Challenges of Substitutes

5.1.5.    Challenges of New Entrants

5.2       Macro-Economic Indicators

6      SMART CARD MARKET BY TYPE, Market Size in USD Million (2017—2024)

6.1       Introduction

6.2       Contact Smart Cards

6.3       Contactless Smart Cards

6.4       Hybrid Smart Cards

6.5       Duel Interface Cards

6.6       Memory Smart Cards

6.7       Microprocessor Smart Cards

7      SMART CARD MARKET BY COMPONENT, Market Size in USD Million (2017—2024)

7.1       Introduction

7.2       Memory Based

7.3       Microcontroller Based

8      SMART CARD MARKET BY END-USE INDUSTRY, Market Size in USD Million (2017—2024)

8.1       Introduction

8.2       BFSI

8.3       Retail

8.4       Healthcare

8.5       Government

8.6       IT & Telecommunication

8.7       Others

9      SMART CARD MARKET BY REGION, Market Size in USD Million (2017—2024)

9.1       North America

8.1.1.    US

8.1.2.    Canada

8.1.3.    Mexico

9.2       Europe

8.2.1.    Germany

8.2.2.    Norway

8.2.3.    France

8.2.4.    Italy

8.2.5.    UK

8.2.6.    Spain

8.2.7.    The Netherlands

8.2.8.    Rest of Europe

9.3       Asia-Pacific

8.3.1.    China

8.3.2.    Japan

8.3.3.    India

8.3.4.    South Korea

8.3.5.    Taiwan

8.3.6.    Rest of Asia-Pacific

9.4       Middle East

8.4.1.    Saudi Arabia

8.4.2.    UAE

8.4.3.    Rest of Middle East

9.5       South America

8.5.1.    Brazil

8.5.2.    Argentina

8.5.3.    Rest of South America

10   COMPETITIVE LANDSCAPE

10.1     Introduction

10.2     Market Ranking/Share Analysis of Key Companies

10.3     Company Benchmarking

11   COMPANY PROFILES

11.1     Watchdata Group

11.1.1    Company Overview

11.1.2    Financial Overview

11.1.3    Products/Solutions/Services Offered

11.1.4    Key Developments

11.1.5    SWOT Analysis

11.2     Gemalto NV

11.3     Cardlogix Corporation

11.4     Giesecke+Devrient GmbH

11.5     Infineon Technologies AG

11.6     IDEMIA

11.7     NXP Semiconductors

11.8     ASSA ABLOY

11.9     Other Key Companies

12   APPENDIX

12.1     Key Industry Expert Insights

12.2     Primary Discussion Guide

12.3     Customization Options

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