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Smart Cards - Global Market Trajectory & Analytics

  • ID: 344075
  • Report
  • February 2022
  • Region: Global
  • 461 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Alioth limited
  • CardLogix Corporation
  • Fingerprint Cards AB
  • HID Global Corporation
  • Identiv, Inc.
  • KONA I Co. Ltd

Global Smart Cards Market to Reach US$16.8 Billion by the Year 2026


The modern smart world is characterized by technological advancements and trends that seek to make life easier and convenient for people. Shopping and payments using various online platforms has become more swift and secure with improvements in technology. Smart card technology basically seeks to minimize the burden of and insecurity associated with carrying cash, and provide a safer and secure means of carrying out financial transactions while emphasizing a cashless world. Demand for smart cards and digital payments is anticipated to rise significantly over the coming years due to several factors, foremost among which is convenience and speed which the technology offers. Corporates are increasingly issuing their employees with smart payment cards. The transportation sector is also anticipated to witness increased adoption of smart payment cards for enhancing travel experience. Governments in countries across the world are planning for investing in technologies that enhance passenger convenience and streamline operations. Public investments in automation of ticketing and access control would therefore be one of the major growth promoting factors for the market for smart cards going forward.

Amid the COVID-19 crisis, the global market for Smart Cards estimated at US$12.6 Billion in the year 2020, is projected to reach a revised size of US$16.8 Billion by 2026, growing at a CAGR of 4.8% over the analysis period. Telecommunication, one of the segments analyzed in the report, is projected to grow at a 5.2% CAGR to reach US$8.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the BFSI segment is readjusted to a revised 4.3% CAGR for the next 7-year period. This segment currently accounts for a 28% share of the global Smart Cards market. A major end-user sector for smart cards is mobile telecommunications. Subscriber Identity Module (SIM) commonly known as SIM cards are designed using smart card technology. Wireless providers are increasingly depending on smart cards which act as the important security mechanism protecting services like internet browsing and mobile commerce.



The U.S. Market is Estimated at $1.8 Billion in 2021, While China is Forecast to Reach $4.4 Billion by 2026


The Smart Cards market in the U.S. is estimated at US$1.8 Billion in the year 2021. The country currently accounts for a 14.1% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$4.4 Billion in the year 2026 trailing a CAGR of 5.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR while Rest of European market (as defined in the study) will reach US$704.5 Million by the end of the analysis period. Developing economies across Asia-Pacific is poised to present probable opportunities for the development of the market for smart card, attributable to the evolving strong financial structure which is progressively becoming digitized as well as finding push from the government agencies for incorporating smart chip-based framework for better overseeing the processes.

Government & Healthcare Segment to Reach $2.3 Billion by 2026


Governments across the world are adopting smart card projects for civilian applications that offer effective and economical solutions. Smart cards, capable of providing foolproof authentication, are used in various applications such as social security, identification, phone cards, and electronic-purse programs. With increasing number of benefits offered, this technology is expected to aid the growth of e-government projects. Smart card usage in healthcare minimizes operational costs through the elimination of paper or electronic maintenance of medical information. In the global Government & Healthcare segment, USA, Canada, Japan, China and Europe will drive the 5.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$1.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$279.1 Million by the year 2026, while Latin America will expand at a 6.2% CAGR through the analysis period.

Select Competitors (Total 121 Featured) -

  • Alioth limited
  • Bundesdruckerei GmbH
  • CardLogix Corporation
  • CPI Card Group Inc.
  • Fingerprint Cards AB
  • Giesecke+Devrient GmbH
  • HID Global Corporation
  • IDEMIA France SAS
  • Identiv, Inc.
  • Infineon Technologies AG
  • IntelCav Technology and Cards
  • KONA I Co. Ltd
  • NXP Semiconductors N.V.
  • Samsung Electronics Co. Ltd.
  • Secura Key
  • Thales Group
  • Watchdata Technologies Pte. Ltd.
Frequently Asked Questions about the Global Market for Smart Cards

What is the estimated value of the Global Market for Smart Cards?

The Global Market for Smart Cards was estimated to be valued at $12.6 Billion in 2020.

What is the growth rate of the Global Market for Smart Cards?

The growth rate of the Global Market for Smart Cards is 4.9%, with an estimated value of $16.8 Billion by 2026.

What is the forecasted size of the Global Market for Smart Cards?

The Global Market for Smart Cards is estimated to be worth $16.8 Billion by 2026.

Who are the key companies in the Global Market for Smart Cards?

Key companies in the Global Market for Smart Cards include Alioth limited, Bundesdruckerei GmbH, CardLogix Corporation, CPI Card Group Inc., Fingerprint Cards AB, Giesecke+Devrient GmbH, HID Global Corporation, IDEMIA France SAS and Infineon Technologies AG.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alioth limited
  • CardLogix Corporation
  • Fingerprint Cards AB
  • HID Global Corporation
  • Identiv, Inc.
  • KONA I Co. Ltd

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Smart Cards - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • World Economy in 2021 as the Race between the Virus & Vaccines Intensifies
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • COVID-19 Pandemic Spurs Use of Contactless Payment Options
  • Global Smart Card Shipments Breakdown by Type: 2018 and 2021
  • Smart card: Introduction and Overview
  • Benefits
  • Smart Cards Vs Magnetic Stripe Cards
  • Development of Smart Card
  • Smart Cards Categorization Based on Mechanism
  • Based on Configuration
  • Applications and Usage of Smart Cards
  • Market Outlook

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • COVID-19 Pandemic Drives Demand for Smart Cards for Public Transportation
  • Chip Shortage Hits Payment Card Manufactures
  • Smart Cards Gain Use for Cryptocurrency Management
  • Rise in Adoption of Multiple Application Cards
  • Smart Card Technology in Network Security
  • Smart Cards Outshine Traditional Legacy & Proximity Cards
  • Global Card-Based Access Control Systems by Segment (In %)
  • Advancements in Smart Card Readers Drive Adoption
  • Smart Card EACS Witness Increasing Application as Attendance Management Tool
  • Biometric Smart Cards in Spotlight
  • Smart Cards in Healthcare Market
  • Need to Restrict Unauthorized Access to Sensitive Areas Drive Demand in Healthcare Establishments
  • Growing Need for Interoperability of Smart Cards
  • Smart Technology for COVID-19 Vaccination Status in the US
  • Contactless Payments in Financial Services Sector Offers Strong Growth Opportunities
  • Mobile POS Push Demand for Contactless Cards amid Pandemic
  • EMV Compliance Boosts Financial Sector
  • Rising Contactless Share in Government Sector
  • Telecom: Solid Gains for e-SIMs
  • Persistent Demand for Dual and Hybrid Cards
  • Potential Growth of Microprocessors Market
  • Optimal Usage of Smart Cards in Telecommunication Sector
  • Spurt in Online Transactions and Opportunities Ahead
  • Smart City Investments Drive Global Demand for Smart Cards
  • Global Smart Cities Market in US$ Billion: 2018-2026
  • Future of Secure Smart Cards
  • Innovation in Payment Cards
  • Higher Education Sector: A Key Contributor to Growth

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Smart Cards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Smart Cards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Smart Cards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Smart Cards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Smart Cards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Smart Cards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Smart Cards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Smart Cards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Smart Cards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Smart Cards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Smart Cards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Smart Cards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Smart Cards Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 121
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Alioth limited
  • Bundesdruckerei GmbH
  • CardLogix Corporation
  • CPI Card Group Inc.
  • Fingerprint Cards AB
  • Giesecke+Devrient GmbH
  • HID Global Corporation
  • IDEMIA France SAS
  • Identiv, Inc.
  • Infineon Technologies AG
  • IntelCav Technology and Cards
  • KONA I Co. Ltd
  • NXP Semiconductors N.V.
  • Samsung Electronics Co. Ltd.
  • Secura Key
  • Thales Group
  • Watchdata Technologies Pte. Ltd.
Note: Product cover images may vary from those shown