Smart Card Market Report: Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecast to 2027

Smart Card Market 2021-2027

New Study Reports ” Smart Card Market 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2027” has been Added on MarketResearchFuture.

Report Overview

The report on the Smart Card Market provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2021 to 2027. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.

Market Dynamics

Factors affecting the Smart Card Market have been studied in a detailed fashion to give a better understanding regarding the current status and the prospects. The various economic and demographic factors that influence the market have been presented in the study. The impact of important markers such as pricing, demand and supply, and population levels have been studied in this report. The forecast regarding the Smart Card Market extending up to the year 2027 has been provided based on the conclusions from the aforementioned factors.

The global smart card market is poised for substantial growth forecasts Market Research Future (MRFR) in a recently published research report. Smart cards are secure portable storage devices that have microprocessor or memory chip embedded in them. Smart card technology is used in diverse applications and systems requiring smart, secure devices. The market for smart cards is growing on account of its surging usage in various applications such as mobile phones, payment transactions, online authentication devices, and portable medical records cards. From student membership cards to driver’s license, smart cards are being increasingly used for a broad spectrum of applications for verifying age, identity, and the associated access rights and benefits. The government sector is progressively leveraging smart cards to improve efficiency and transparency. Governments in emerging democracies, as well as other developed nations, use smart cards for voter IDs and driver’s license.  

Numerous countries have introduced electronic national ID card schemes which are likely to propel the growth of the market over the forecast period.  Increasing use of smart cards by the financial payments industry is a key factor contributing to the market growth. Earlier plastic cards were used for transactions, but now smart cards have been made the global standard for credit and debit cards by Europay, Mastercard, Visa since they ensure security. One of the most important use cases of smart cards is in securing entry points to critical infrastructure facilities such as ports, hospitals, and airports. Moreover, smart cards are extensively used in the corporate sector for physical access control system (PACS) and in logical access cards which also contributes to the growth of the market. On the contrary, the high costs associated with incorporation of smart cards and lack of awareness and hesitation on the part of consumers is likely to restrain the growth of the market. Availability of hybrid smart cards is expected to provide lucrative growth opportunities to the global smart cards market.

Key Players

The report has profiled some of the Important players prevalent in the global like – BrilliantTS Co. Ltd. (South Korea), PAX Global Technology Ltd. (Hong Kong), Rambus Inc. (the U.S.), STMicroelectronics NV (Switzerland), IDEMIA France SAS (France), VALID (Brazil), KONA I Co., Ltd. (South Korea), Fingerprint Cards AB (Sweden), HID Global Corporation (Sweden), Identiv, Inc. (the U.S.), Ingenico Group SA (France), Beijing Watchdata Co. Ltd. (China), Bitel Co. Ltd. (South Korea), VeriFone Systems, Inc. (the U.S.), NXP Semiconductors N.V. (Netherlands), Giesecke & Devrient GmbH (Germany), Sony Corporation (Japan), ZWIPE (Norway), CardLogix Corporation (the U.S.), Samsung Electronics Co., Ltd. (South Korea), Fujian Newland Computer Co., Ltd. (China), Versasec AB (Sweden), CPI Card Group Inc. (the U.S.), Infineon Technologies AG (Germany), and Gemalto N.V. (Netherlands) and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Smart Card.

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Segmentation

The global smart cards market has been segmented based on type, component, and application. By type, the market has been segmented into contact, contactless, hybrid, and dual-interface. By component, the market has been segmented into hardware, smart cards, readers, software, and services. By application, the market has been segmented into government, healthcare, BFSI, retail, transportation, education, entertainment, and enterprises.

Regional Analysis

The key markets of the global smart cards market include North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is a significant growth pocket for the global smart cards market. The rapid adoption of new technology, the concentration of major players in the region supports the growth of the market. The US Department of Defense uses smart cards in their Common Access Card (CAC) and other cards for two- or three-factor authentication. The Europe market for smart cards is also strong, and the region uses smart cards for various applications. Smart cards are mandated by UK’s Department for Transport. Asia Pacific market is driven by the rapid digitization in the region.

Key Stakeholders 
Smart Card Market Manufacturers 
Smart Card Market Distributors/Traders/Wholesalers 
Smart Card Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Major Key Points from Table of Content:

1  Executive Summary

2  Market Introduction

2.1 Definition 15

2.2 Scope Of The Study 15

2.3 Market Structure 15

2.4 List Of Assumptions 16

3  Research Methodology

4  Market Dynamics

5  Global Smart Card Market, By Component

6  Global Smart Card Market, by Technology

7  Global Smart Card Market, by Application

8  Global Smart Card Market, By Industry

9  Global Smart Card Market, By Region

10  Competitive Landscape

And more

Continued…

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