News:Global Smart Card Market is estimated to reach USD 21.8 Billion in 2024

News
4 min readJul 30, 2020

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Smart Card Market: Summary

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.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2017–2024

Base Year for Market Calculation

2018

Forecasted Period

2019–2024 (2019 estimated year, forecasted up to 2024)

Measured Units

Value (USD Million) Volume(Million)

Segments Included

Type, Component, End Use Industry

Regional Coverage

Asia-Pacific, North America, Europe, Middle East & Africa, South America

Key Companies Covered

  • Watchdata 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

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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

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

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

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

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

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

10 Competitive Landscape

11 Company Profiles

12 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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