Smart Card Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 – 2026

Category : Semiconductor and Electronics | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC812

Introduction

Smart card is cards with embedded combined circuit which is used to retrieve and accumulate information. These embedded paths can either be microcontroller-based or memory-chip. Microcontroller-based smart cards are mostly preferred over memory-based due to capability to store large volumes of information and effective functionality. Microcontroller cards interrelate with smart card readers for data transfer. Contact smart cards necessitate physical collaboration with the reader; rather, contactless smart cards have embedded antenna to permit communication with the reader, without any physical contact. Dual smart card is a combination of contactless and contact smart cards whereas multifunctional applications are found in hybrid smart cards. Secure and encrypted storage, extensive functionality, and robust acceptance of smart cards across many applications such as payment, transportation, government, telecom, energy & utility, and telecom applications are expected to drive growth of this market in near future.

Market Dynamics

The smart card market is major driven due to the growing online payment or transaction as it permits consumers to make easy and secure payments. Some of the growth drivers of this market are high acceptance of high end smart cards and increasing necessity of secure transaction and identity. Restraints for global smart card market include high cost for relocation of smart cards. Nonetheless, Machine-to-Machine (M2M) and Near Field Communications (NFC) communication, increasing government ID projects are some factors further expected to fuel the growth of this market in upcoming years.

Market Classification

The market can be bifurcated on the basis of application, components, smart card interface, and geography. By application, smart card market can be segmented into telecommunications, government IDs, healthcare, financial services, retail, pay TV, transportation sectors, and among others. By components, smart card market can be segmented into microprocessor, memory smart cards. Based on smart card interface, smart card market can be segmented into contact, hybrid, contactless,, dual interface smart card. On the basis of geography, the Smart Card Market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

 

Report Coverage

Market

Smart Card Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Application, Components, Smart Card Interface, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis,

Competitive Analysis, Player Profiling, Value Chain Analysis

 

Market Participants

Some of the major players involved in smart card market include Inside Secure SA, Infineon Technologies AG, Gemalto N.V., NXP Semiconductors N.V., Devrient GmbH Watchdata Technologies, Morpho SA, Oberthur Technologies, Giesecke, and CPI Card Group Inc among others.

Market Segmentation

Market By Application

  • Telecommunications
  • Government IDs
  • Healthcare
  • Financial Services
  • Retail
  • Pay TV
  • Transportation
  • Others

Market By Components

  • Microprocessor
  • Memory Smart Cards

Market By Smart Card Interface

  • Contact Smart Card
  • Contactless Smart Card
  • Hybrid and Dual Interface Smart Card

Market By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of LATAM
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

 


Frequently Asked Questions

Cart Summary