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
