Smart Badges

Smart Badges

Global Smart Badges Market to Reach $33.6 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Smart Badges estimated at US$20.2 Billion in the year 2020, is projected to reach a revised size of US$33.6 Billion by 2027, growing at aCAGR of 7.6% over the period 2020-2027. Contact Badges, one of the segments analyzed in the report, is projected to record 7% CAGR and reach US$24.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Contactless Badges segment is readjusted to a revised 9.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $6 Billion, While China is Forecast to Grow at 7.1% CAGR

The Smart Badges market in the U.S. is estimated at US$6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.9 Billion by the year 2027 trailing a CAGR of 7.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 6.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.

Select Competitors (Total 34 Featured) -

• AbeeWay
• Aioi-Systems Co., Ltd. (Display IT Card)
• ASSA ABLOY AB (HID Global Corporation)
• BEAM
• Blendology
• Brady Worldwide, Inc.
• CardLogix Corporation
• Evolis
• Giesecke+Devrient GmbH
• Global Net Solutions (GNS)
• Hierstar Corp.
• IDEMIA
• Identita
• Identiv Inc.
• Klik
• KONA I Co., Ltd.
• MpicoSys Solutions B.V.
• Proxfinity Inc.
• Squarofumi
• Thales Group (Gemalto)
• Watchdata

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