A smart card is a physical card that has an embedded integrated chip that acts as a security token. Smart cards are typically the same size as a driver's license or credit card and can be made out of metal or plastic. The global Smart Card market is expected to rise at a significant rate due to the growing popularity of this product across a diverse range of industries. Smart cards have emerged as an extremely credible and tamper-proof form of personal identification. Also, it has secured information repository, that makes it ideal for high-security application. This Key factor is projected to boost the growth of the global Smart Card market in the forthcoming years.
Furthermore, smart cards are used in various sectors such as health, transportation, financial, retail, telecommunication, and government. These organizations are constantly working to make a shift toward smart card technology due to the high security and credibility of data that it offers. It also helps in the protection of an individual’s assets and identity. All these factors are expected to intensify the growth of the global Smart Card market over the forecast period.
In the past few years, consumer shift towards digitization and automation technologies has renovated the functional dynamics of several sectors and industries. Therefore, progressions in IoT and automation technologies have supported the growth of the global Smart Card market steadily. In addition, the increasing demand for cashless transactions in developing countries to control and manage average spending is boosting the product demand. This crucial factor further rises the growth of the global Smart Card market.
Covid-19 Impact on Smart Cards Market
Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behavior. Consumer's purchasing habits, behavior, and attitudes have changed in light of COVID-19. People are shopping very consciously and are majorly centered on basic needs and are buying locally. Consumers are using digital commerce to play, learn, and connect to manage isolation and follow social distancing policy. The covid-19 has consistently impacted the shopping behavior of 9 in 10 consumers. Nearly 30-50 percent of the consumers have shifted towards online shopping from March 2020 to December 2020.
Smart Cards Market Segment Overview
Based on Type, the Contactless Smart Cards segment is predicted to account for the maximum share of the Smart Card market throughout the forecast period. A contactless smart card includes an embedded smart card secure microcontroller or equivalent intelligence, internal memory, and a small antenna; it communicates with readers through a contactless radio frequency (RF) interface. In addition to this, radio-frequency identification (RFID) or near-field communication (NFC) communication technologies are primarily used for contactless smart card applications. According to Component, the Microcontroller Based Smart Cards segment has significant growth in the market. The demand for microcontroller-based smart cards is increasing on account of the need to track transactions.
Smart Cards Market, By Type
· Contact Smart Cards
· Contactless Smart Cards
· Hybrid Smart Cards
· Dual-interface Smart Cards
Smart Cards Market, By Component
· Microcontroller Based Smart Cards
· Memory Card-based Smart Cards
· Smart Cards Market, By End-Use Industries
· BFSI
· Telecommunications
· Government and Healthcare
· Education
· Retail
· Transportation
· Others
Smart Cards Market Regional Overview
In terms of region, North America and Europe accounted for the largest share of the global Smart Card market. In addition to this, according to a study -Canada, Sweden, U.K., France, and the U.S. are the top five cashless countries in the world. The Latin American market is anticipated to grow at a considerable rate due to rising consumer spending through digital media. On the other side, the Asia Pacific is expected to register the fastest growth during the forecast period. Increasing disposable income in China and India coupled with the high adoption of digital devices is expected to create new opportunities in the smart card market.
Smart Cards Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Smart Cards Market, Key Players
· Gemalto NV
· GmbH
· Giesecke & Devrient (G&D) Infineon Technologies AG
· NXP Semiconductors
· Watchdata
· Eastcompeace Technology Co. Ltd.
· Thales Group
· IDEMIA
· CPI Card Group
· HID Global Corporation
· Inteligensa
· ABCorp
· CardLogix
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Smart Cards Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Contact Smart Cards
- 5.2.2. Contactless Smart Cards
- 5.2.3. Hybrid Smart Cards
- 5.2.4. Dual-interface Smart Cards
- 5.3. Market Analysis, Insights and Forecast – By Component
- 5.3.1. Microcontroller Based Smart Cards
- 5.3.2. Memory Card-based Smart Cards
- 5.4. Market Analysis, Insights and Forecast – By End-Use Industries
- 5.4.1. BFSI
- 5.4.2. Telecommunications
- 5.4.3. Government and Healthcare
- 5.4.4. Education
- 5.4.5. Retail
- 5.4.6. Transportation
- 5.4.7. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Smart Cards Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Contact Smart Cards
- 6.2.2. Contactless Smart Cards
- 6.2.3. Hybrid Smart Cards
- 6.2.4. Dual-interface Smart Cards
- 6.3. Market Analysis, Insights and Forecast – By Component
- 6.3.1. Microcontroller Based Smart Cards
- 6.3.2. Memory Card-based Smart Cards
- 6.4. Market Analysis, Insights and Forecast – By End-Use Industries
- 6.4.1. BFSI
- 6.4.2. Telecommunications
- 6.4.3. Government and Healthcare
- 6.4.4. Education
- 6.4.5. Retail
- 6.4.6. Transportation
- 6.4.7. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Smart Cards Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Contact Smart Cards
- 7.2.2. Contactless Smart Cards
- 7.2.3. Hybrid Smart Cards
- 7.2.4. Dual-interface Smart Cards
- 7.3. Market Analysis, Insights and Forecast – By Component
- 7.3.1. Microcontroller Based Smart Cards
- 7.3.2. Memory Card-based Smart Cards
- 7.4. Market Analysis, Insights and Forecast – By End-Use Industries
- 7.4.1. BFSI
- 7.4.2. Telecommunications
- 7.4.3. Government and Healthcare
- 7.4.4. Education
- 7.4.5. Retail
- 7.4.6. Transportation
- 7.4.7. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Smart Cards Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Contact Smart Cards
- 8.2.2. Contactless Smart Cards
- 8.2.3. Hybrid Smart Cards
- 8.2.4. Dual-interface Smart Cards
- 8.3. Market Analysis, Insights and Forecast – By Component
- 8.3.1. Microcontroller Based Smart Cards
- 8.3.2. Memory Card-based Smart Cards
- 8.4. Market Analysis, Insights and Forecast – By End-Use Industries
- 8.4.1. BFSI
- 8.4.2. Telecommunications
- 8.4.3. Government and Healthcare
- 8.4.4. Education
- 8.4.5. Retail
- 8.4.6. Transportation
- 8.4.7. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Smart Cards Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Contact Smart Cards
- 9.2.2. Contactless Smart Cards
- 9.2.3. Hybrid Smart Cards
- 9.2.4. Dual-interface Smart Cards
- 9.3. Market Analysis, Insights and Forecast – By Component
- 9.3.1. Microcontroller Based Smart Cards
- 9.3.2. Memory Card-based Smart Cards
- 9.4. Market Analysis, Insights and Forecast – By End-Use Industries
- 9.4.1. BFSI
- 9.4.2. Telecommunications
- 9.4.3. Government and Healthcare
- 9.4.4. Education
- 9.4.5. Retail
- 9.4.6. Transportation
- 9.4.7. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Gemalto NV
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. GmbH
- 10.6. Giesecke & Devrient (G&D) Infineon Technologies AG
- 10.7. NXP Semiconductors
- 10.8. Watchdata
- 10.9. Eastcompeace Technology Co. Ltd.
- 10.10. Thales Group
- 10.11. IDEMIA
- 10.12. CPI Card Group
- 10.13. HID Global Corporation
- 10.14. Inteligensa
- 10.15. ABCorp
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
