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Smart Card Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global smart card market reached a value of US$ 8.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.1 Billion by 2027 exhibiting a CAGR of 4.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A smart card is an electronic authorization device that helps control the data accessing and manipulation process and perform financial transactions. It is a plastic credit card embedded with a built-in microprocessor or an integrated circuit (IC) chip that serves as a service token for storing and transacting data between users. Nowadays, hybrid smart cards with memory and microprocessors are widely used for physical access to prohibited areas. They also provide personal identification, authentication, data storage, and application processing.

Smart Card Market Trends:

The increasing use of e-commerce websites for purchasing goods and services represents one of the key factors impelling the market growth. Moreover, the growing adoption of cashless or digital payments is positively influencing the use of smart cards in everyday use, such as paying utility bills and prepaid mobile recharge. This can also be attributed to governing agencies of numerous countries that are encouraging the utilization of contactless payments due to the global outbreak of coronavirus disease (COVID-19). Apart from this, the growing emphasis on automated fare collection systems is augmenting the need for smart cards in public transit. Furthermore, due to the increasing use of electronic medical records, telemedicine, and other information technology (IT) services for the delivery and management of healthcare systems, healthcare firms are facing new challenges in managing data and providing efficient patient care. This is expanding the application of smart cards in the healthcare industry as they provide secure storage and easy distribution of data. Besides this, public corporations are relying on smart employee identification (ID) cards to secure access to physical facilities and computer systems and networks. Additionally, the rising focus on enhancing international security is escalating the demand for smart cards in electronic passports worldwide.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smart card market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, component, application and end user.

Breakup by Type:

  • Contact-Based
  • Contactless
  • Dual Interface
     

Breakup by Component:

  • Memory Based
  • Microcontroller Based
  • Magnetic Stripes
     

Breakup by Application:

  • Payment Transactions
  • ID Verification
  • Access Control
     

Breakup by End User:

  • BFSI
  • Telecommunication
  • Healthcare
  • Government
  • Transportation
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bartronics India Ltd, CardLogix Corporation, CPI Card Group, Fingerprint Cards AB, Giesecke+Devrient (MC Familiengesellschaft mbH), IDEMIA, Identiv Inc., NXP Semiconductors N.V., Samsung Electronics Co. Ltd, Secura Key, Thales Group and Watchdata Technologies Pte. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Component, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Bartronics India Ltd, CardLogix Corporation, CPI Card Group, Fingerprint Cards AB, Giesecke+Devrient (MC Familiengesellschaft mbH), IDEMIA, Identiv Inc., NXP Semiconductors N.V., Samsung Electronics Co. Ltd, Secura Key, Thales Group and Watchdata Technologies Pte. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global smart card market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global smart card market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global smart card market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Smart Card Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Contact-Based
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Contactless
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Dual Interface
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Component
    7.1    Memory Based
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Microcontroller Based
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Magnetic Stripes
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Application
    8.1    Payment Transactions
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    ID Verification
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Access Control
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by End User
    9.1    BFSI
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Telecommunication
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Healthcare
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Government
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Transportation
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Others
        9.6.1 Market Trends
        9.6.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Bartronics India Ltd
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
        15.3.2    CardLogix Corporation
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    CPI Card Group
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
        15.3.4    Fingerprint Cards AB
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
        15.3.5    Giesecke+Devrient (MC Familiengesellschaft mbH)
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    IDEMIA
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Identiv Inc.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
        15.3.8    NXP Semiconductors N.V.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Samsung Electronics Co. Ltd
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Secura Key
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    Thales Group
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Watchdata Technologies Pte. Ltd
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Smart Card Market: Major Drivers and Challenges
Figure 2: Global: Smart Card Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Smart Card Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Smart Card Market: Breakup by Type (in %), 2021
Figure 5: Global: Smart Card Market: Breakup by Component (in %), 2021
Figure 6: Global: Smart Card Market: Breakup by Application (in %), 2021
Figure 7: Global: Smart Card Market: Breakup by End User (in %), 2021
Figure 8: Global: Smart Card Market: Breakup by Region (in %), 2021
Figure 9: Global: Smart Card (Contact-Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Smart Card (Contact-Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Smart Card (Contactless) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Smart Card (Contactless) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Smart Card (Dual Interface) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Smart Card (Dual Interface) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Smart Card (Memory Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Smart Card (Memory Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Smart Card (Microcontroller Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Smart Card (Microcontroller Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Smart Card (Magnetic Stripes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Smart Card (Magnetic Stripes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Smart Card (Payment Transactions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Smart Card (Payment Transactions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Smart Card (ID Verification) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Smart Card (ID Verification) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Smart Card (Access Control) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Smart Card (Access Control) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Smart Card (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Smart Card (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Smart Card (Telecommunication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Smart Card (Telecommunication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Smart Card (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Smart Card (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Smart Card (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Smart Card (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Smart Card (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Smart Card (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Smart Card (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Smart Card (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: North America: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: North America: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: United States: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: United States: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Canada: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Canada: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Asia-Pacific: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Asia-Pacific: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: China: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: China: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Japan: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Japan: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: India: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: India: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: South Korea: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: South Korea: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Australia: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Australia: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Indonesia: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Indonesia: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Europe: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Europe: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Germany: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Germany: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: France: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: France: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: United Kingdom: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: United Kingdom: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Italy: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Italy: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Spain: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Spain: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Russia: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Russia: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Latin America: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Latin America: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Brazil: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Brazil: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Mexico: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Mexico: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Others: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Others: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Middle East and Africa: Smart Card Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Middle East and Africa: Smart Card Market: Breakup by Country (in %), 2021
Figure 87: Middle East and Africa: Smart Card Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Global: Smart Card Industry: SWOT Analysis
Figure 89: Global: Smart Card Industry: Value Chain Analysis
Figure 90: Global: Smart Card Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Smart Card Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Smart Card Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Smart Card Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 4: Global: Smart Card Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Smart Card Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Smart Card Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Smart Card Market: Competitive Structure
Table 8: Global: Smart Card Market: Key Players

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