Smart Cards

Smart Cards

Global Smart Cards Market to Reach $17.6 Billion by 2027
In the changed post COVID-19 business landscape, 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$17.6 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027. Telecommunication, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$8.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Bfsi segment is readjusted to a revised 4.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 5.7% CAGR
The Smart Cards market in the U.S. is estimated at US$1.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.7 Billion by the year 2027 trailing a CAGR of 5.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.3 Billion by the year 2027.

Government & Healthcare Segment to Record 5.7% CAGR
In the global Government & Healthcare segment, USA, Canada, Japan, China and Europe will drive the 5.7% 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. 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.

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