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Global Smart Card Market Size, Share & Trends Analysis Report, By Component (Microcontroller, Memory Cards), By Product Type (Contactless Smart Cards, Contact-based Smart Cards, Hybrid), By End-User (Government, Banking, Financial, and Services Insurance (BFSI), Healthcare, Education, Telecommunications, Transportation, Retail), By Region, And Segment Forecasts, Till – 2030


Report ID : IR10075 | Industries : Energy & Power | Published On :May 2024 | Page Count : 125

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  • Global Smart Card Market Size, Share & Trends Analysis Report, By Component (Microcontroller, Memory Cards), By Product Type (Contactless Smart Cards, Contact-based Smart Cards, Hybrid), By End-User (Government, Banking, Financial, and Services Insurance (BFSI), Healthcare, Education, Telecommunications, Transportation, Retail), By Region, And Segment Forecasts, Till – 2030

    Market Overview

    According to Intellistic Research, the global Smart Card market estimated at USD 15 billion in 2022 and will expand at a compound annual growth rate (CAGR) of 4.80% from 2023 to 2030. Key players in the Smart Card market employ various strategies to maintain and enhance their market presence. These strategies help key players capture a significant market share and remain competitive in the dynamic Smart Card market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated includes proficient analysis, predictive analysis, prescriptive analysis, cumulative analysis, and value chain analysis.

    SMART CARD MARKET DYNAMICS: KEY DRIVERS & RESTRAINTS

    Increasing Adoption Of Contactless Payment Technology Driving The Market Growth

    The growing demand for contactless payment systems because of their convenience, speed, and safety is contributing a major revenue share to the market. The smart cards are mostly used as sim cards by telecommunication sector. SIM cards have traditionally been removable and interchangeable between devices, allowing users to easily switch devices and service providers. Smart cards are used as SIM cards in many applications, such as in the IoT devices & in machines that require connectivity.

    High Initial Cost Required For Smart Card And Other Applications Restraining The Market Growth

    The initial cost required for smart card which is used for access control and applications is high as it uses readers and chips of super quality for its functioning. These deployments require additional costs or prices, which increases the overall cost of smart cards, restraining the growth of smart cards market.

    How are Segments Performing in the Global Smart Card Market?

    Smart Card Component Segment Breakdown

    According to Intellistic Research, the smart card market by component is segmented into Microcontroller, and Memory Cards

    Smart Card Product Type Segment Breakdown

    According to Intellistic Research, based on product type the market is bifurcated into Contactless Smart Cards, Contact-based Smart Cards, and Hybrid

    Smart Card End-User Segment Breakdown

    According to Intellistic Research, based on end-user the market is segmented into Government, Banking, Financial, and Services Insurance (BFSI), Healthcare, Education, Telecommunications, Transportation, and Retail

    Smart Card Geographic Exploration

    According to Intellistic Research, the Asia Pacific region is predicted to dominate the market, owing to adoption of smart cards, especially contactless smart cards, for enabling secure and convenient transactions. Other regions competing in the market are North America, Europe, Middle East and Africa and Latin America respectively.

    COMPETITIVE LANDSCAPE & RECENT DEVELOPMENT: SMART CARD

    The competitive landscape of the market is fragmented. The significant players rapidly evolve with new strategies to attain a competitive edge and capture significant market share.

    • For Instance, in May 2023, AuthenTrend Technology Inc. and IDEX Biometrics ASA entered partnership to introduce multi-application biometric smart cards for digital authentication.

    Noticeable Players Functioning in The Global Smart Card Market Include:

    • Block, Inc.

    • CardLogix Corporatio

    • CPI Card Group Inc.

    • Giesecke+Devrient GmbH

    • HID Global Corporation

    • IDEMIA

    • INTELIGENSA

    • Samsung Electronics Co., Ltd.

    • Sony Corporation

    • Thales

    KEY BREAKDOWN: SMART CARD MARKET

    By Component:

    • Microcontroller

    • Memory Cards

    By Product Type:

    • Contactless Smart Cards

    • Contact-based Smart Cards

    • Hybrid

    By End-User:

    • Government

    • Banking

    • Financial, and Services Insurance (BFSI)

    • Healthcare

    • Education

    • Telecommunications

    • Transportation

    • Retail

    Geographical Exploration:

    • North America

    o The USA

    o Canada

    o Mexico

    • Europe

    o Germany

    o France

    o U.K.

    o Russia

    o Italy

    o Spain

    o Rest of Europe

    • Asia Pacific

    o China

    o Japan

    o India

    o South Korea

    o Australia

    o New Zealand

    o Singapore

    o Malaysia

    o Rest of Asia

    • Latin America

    o Brazil

    o Argentina

    o Colombia

    o Peru

    o Chile

    o Venezuela

    o Rest of Latin America

    • Middle East and Africa

    o Saudi Arabia

    o UAE

    o Egypt

    o Kuwait

    o South Africa

    o Rest of Middle East & Africa

    Global Smart Card Market TOC:

    1. Research Methodology
    1.1. Global Smart Card Market Snapshot, 2023 and 2030
    1.2. Data Mining
    1.3. Validation
    1.4. Primary Interviews
    1.5. List of Data Sources
    1.6. Future Market Projections
    1.7. Industry Developments and Key Market Events 
    2. Executive Summary
    3. Market Overview
    3.1. Market Scope and Definition
    3.2. Market Dynamics
    3.2.1. Drivers
    3.2.2. Restraints
    3.2.3. Opportunity
    3.2.4. Challenges
    3.2.5. Cumulative Impact due to Recent Energy Crisis
    3.2.6. Cumulative Impact due to Nearing Economic Downturn
    3.2.7. Post Covid-19 World Supply & Demand Conditions
    3.2.8. Cumulative Impact of Russia-Ukraine Conflict
    3.2.9. Key Trends
    3.3. Smart Card Market: Value Chain
    3.3.1. List of Raw Material Supplier
    3.3.2. List of Manufacturers
    3.3.3. List of Applications
    3.4. Porter Five Force’s Analysis
    3.5. Regulatory and Technology Landscape
    4. Global Smart Card Market Outlook: Forecast (2023 – 2030)
    4.1. Key Highlights
    4.1.1. Market Size and Y-o-Y Growth
    4.1.2. Absolute $ Opportunity
    4.2. Market Size (US$ Mn) Analysis and Forecast
    4.2.1. Current Market Size Forecast, 2023–2030
    4.3. Global Smart Card Market Outlook: Component
    4.3.1. Introduction / Key Findings
    4.3.2. Market Size (US$ Mn) and Forecast Component, 2023 – 2030
    4.3.2.1. Microcontroller
    4.3.2.2. Memory Cards
    4.4. Global Smart Card Market Outlook: Product Type
    4.4.1. Introduction / Key Findings
    4.4.2. Market Size (US$ Mn) and Forecast By Product Type, 2023 – 2030
    4.4.2.1. Contactless Smart Cards
    4.4.2.2. Contact-based Smart Cards
    4.4.2.3. Hybrid
    4.5. Global Smart Card Market Outlook: End User
    4.5.1. Introduction / Key Findings
    4.5.2. Market Size (US$ Mn) and Forecast By End User, 2023 – 2030
    4.5.2.1. Government
    4.5.2.2. Banking
    4.5.2.3. Financial, and Services Insurance (BFSI)
    4.5.2.4. Healthcare
    4.5.2.5. Education
    4.5.2.6. Telecommunications
    4.5.2.7. Transportation
    4.5.2.8. Retail
    5. Global Smart Card Market Outlook: Region
    5.1. Key Highlights
    5.2. Market Size (US$ Mn) and Forecast By Region, 2023 – 2030
    5.2.1. North America
    5.2.2. Europe
    5.2.3. Asia Pacific
    5.2.4. Latin America
    5.2.5. Middle East & Africa (MEA)
    6. North America Smart Card Market Outlook: Forecast (2023 – 2030) 
    6.1. Key Highlights
    6.2. Pricing Analysis
    6.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2022
    6.3.1. By Country
    6.3.2. By Component
    6.3.3. By Product Type 
    6.3.4. By End User
    6.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
    6.4.1. U.S.
    6.4.2. Canada
    6.4.3. Mexico
    6.5. Market Size (US$ Mn) and Forecast By Component, 2023 – 2030
    6.5.1. Microcontroller
    6.5.2. Memory Cards
    6.6. Market Size (US$ Mn) and Forecast By Product Type, 2023 – 2030
    6.6.1. Contactless Smart Cards
    6.6.2. Contact-based Smart Cards
    6.6.3. Hybrid
    6.7. Market Size (US$ Mn) and Forecast By End User, 2023 – 2030
    6.7.1. Government
    6.7.2. Banking
    6.7.3. Financial, and Services Insurance (BFSI)
    6.7.4. Healthcare
    6.7.5. Education
    6.7.6. Telecommunications
    6.7.7. Transportation
    6.7.8. Retail
    7. Europe Smart Card Market Outlook: Forecast (2023 – 2030)
    7.1. Key Highlights
    7.2. Pricing Analysis
    7.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030
    7.3.1. By Country
    7.3.2. By Component
    7.3.3. By Product Type 
    7.3.4. By End User
    7.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
    7.4.1. Germany
    7.4.2. France
    7.4.3. U.K.
    7.4.4. Russia
    7.4.5. Italy
    7.4.6. Spain
    7.4.7. Rest of Europe
    7.5. Market Size (US$ Mn) and Forecast By Component, 2023 – 2030
    7.5.1. Microcontroller
    7.5.2. Memory Cards
    7.6. Market Size (US$ Mn) and Forecast By Product Type, 2023 – 2030
    7.6.1. Contactless Smart Cards
    7.6.2. Contact-based Smart Cards
    7.6.3. Hybrid
    7.7. Market Size (US$ Mn) and Forecast By End User, 2023 – 2030
    7.7.1. Government
    7.7.2. Banking
    7.7.3. Financial, and Services Insurance (BFSI)
    7.7.4. Healthcare
    7.7.5. Education
    7.7.6. Telecommunications
    7.7.7. Transportation
    7.7.8. Retail
    8. Asia Pacific Smart Card Market Outlook: Forecast (2023 – 2030)
    8.1. Key Highlights
    8.2. Pricing Analysis
    8.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030
    8.3.1. By Country
    8.3.2. By Component
    8.3.3. By Product Type 
    8.3.4. By End User
    8.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
    8.4.1. China
    8.4.2. Japan
    8.4.3. India
    8.4.4. South Korea
    8.4.5. Australia
    8.4.6. New Zealand
    8.4.7. Singapore
    8.4.8. Malaysia
    8.4.9. Rest of Asia
    8.5. Market Size (US$ Mn) and Forecast By Component, 2023 – 2030
    8.5.1. Microcontroller
    8.5.2. Memory Cards
    8.6. Market Size (US$ Mn) and Forecast By Product Type, 2023 – 2030
    8.6.1. Contactless Smart Cards
    8.6.2. Contact-based Smart Cards
    8.6.3. Hybrid
    8.7. Market Size (US$ Mn) and Forecast By End User, 2023 – 2030
    8.7.1. Government
    8.7.2. Banking
    8.7.3. Financial, and Services Insurance (BFSI)
    8.7.4. Healthcare
    8.7.5. Education
    8.7.6. Telecommunications
    8.7.7. Transportation
    8.7.8. Retail
    9. Latin America Smart Card Market Outlook: Forecast (2023 – 2030)
    9.1. Key Highlights
    9.2. Pricing Analysis
    9.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030
    9.3.1. By Country
    9.3.2. By Component
    9.3.3. By Product Type 
    9.3.4. By End User
    9.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
    9.4.1. Brazil
    9.4.2. Argentina
    9.4.3. Colombia 
    9.4.4. Peru
    9.4.5. Chile
    9.4.6. Venezuela
    9.4.7. Rest of Latin America
    9.5. Market Size (US$ Mn) and Forecast By Component, 2023 – 2030
    9.5.1. Microcontroller
    9.5.2. Memory Cards
    9.6. Market Size (US$ Mn) and Forecast By Product Type, 2023 – 2030
    9.6.1. Contactless Smart Cards
    9.6.2. Contact-based Smart Cards
    9.6.3. Hybrid
    9.7. Market Size (US$ Mn) and Forecast By End User, 2023 – 2030
    9.7.1. Government
    9.7.2. Banking
    9.7.3. Financial, and Services Insurance (BFSI)
    9.7.4. Healthcare
    9.7.5. Education
    9.7.6. Telecommunications
    9.7.7. Transportation
    9.7.8. Retail
    10. Middle East & Africa Smart Card Market Outlook: Forecast (2023 – 2030)
    10.1. Key Highlights
    10.2. Pricing Analysis
    10.3. Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2023 – 2030
    10.3.1. By Country
    10.3.2. By Component
    10.3.3. By Product Type 
    10.3.4. By End User
    10.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
    10.4.1. Saudi Arabia 
    10.4.2. UAE
    10.4.3. Egypt
    10.4.4. Kuwait
    10.4.5. South Africa
    10.4.6. Rest of Middle East & Africa
    10.5. Market Size (US$ Mn) and Forecast By Component, 2023 – 2030
    10.5.1. Microcontroller
    10.5.2. Memory Cards
    10.6. Market Size (US$ Mn) and Forecast By Product Type, 2023 – 2030
    10.6.1. Contactless Smart Cards
    10.6.2. Contact-based Smart Cards
    10.6.3. Hybrid
    10.7. Market Size (US$ Mn) and Forecast By End User, 2023 – 2030
    10.7.1. Government
    10.7.2. Banking
    10.7.3. Financial, and Services Insurance (BFSI)
    10.7.4. Healthcare
    10.7.5. Education
    10.7.6. Telecommunications
    10.7.7. Transportation
    10.7.8. Retail
    11. Competition Analysis
    11.1. Market Share Analysis Of Top Vendors
    11.2. Market Structure
    11.2.1. Competition Intensity Mapping By Market 
    11.2.2. Competition Dashboard
    11.2.3. Key Development Strategies
    11.3. Company Profiles 
    11.3.1. Block, Inc.
    11.3.1.1. Overview
    11.3.1.2. Offerings
    11.3.1.3. Business Segment & Geographic Overview
    11.3.1.4. Key Financials
    11.3.1.5. Key Market Developments
    11.3.1.6. Key Market Strategy
    11.3.2. CardLogix Corporatio
    11.3.3. CPI Card Group Inc.
    11.3.4. Giesecke+Devrient GmbH
    11.3.5. HID Global Corporation
    11.3.6. IDEMIA
    11.3.7. INTELIGENSA
    11.3.8. Samsung Electronics Co., Ltd.
    11.3.9. Sony Corporation
    11.3.10. Thales