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Smart Card Market in Latin America 2015-2019

Smart Card Market in Latin America 2015-2019

About Smart Card

A smart card is a pocket-sized card, generally made of plastic, and is embedded with integrated circuits, also known as microchips. Smart cards are used for security purposes for authentication, identification, data storage, and application processing. They are widely used in sectors such as BFSI, Government, Transportation, Healthcare, and Defense. These cards are broadly classified into two types: contact-based and contactless. Contact-based smart cards have a contact area of approximately 1 square cm. These cards are used by inserting into a smart card reader. On the other hand, contactless smart cards are used by employing radio frequency between cards and a reader, which needs no physical insertion of the cards. Therefore, contactless smart cards have faster applications and are more user-friendly than contact-based smart cards.

TechNavio's analysts forecast the Smart Card market in Latin America to grow at a CAGR of 8.8 percent over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the Smart Card market in Latin America for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of the following type of smart cards:

  • Contact-based
  • Contactless
The report consolidates the revenues generated from the following major sectors:
  • BFSI Sector
  • Government Sector
  • Transportation Sector
  • The market is highly fragmented with the presence of a large number of small and large vendors. Therefore, the report does not provide the market share of the vendors; it only lists the key vendors in the market.

    TechNavio's report, the Smart Card Market in Latin America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the Smart Card market in Latin America and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key Regions
  • Latin America
Key Vendors
  • Gemalto
  • Giesecke & Devrient
  • Morpho
  • Oberthur Technologies
  • Watchdata System
Other Prominent Vendors
  • AB Note
  • Arm Holdings
  • ASK
  • Atmel
  • Crocus Technology
  • Datacard
  • Diebold
  • Infineon Technologies
  • Ingenico
  • Inside Contactless
  • Verifone System
Market Driver
  • Prominent Vendors Venturing into Developing Countries
  • For a full, detailed list, view our report
Market Challenge
  • Growing Price War
  • For a full, detailed list, view our report
Market Trend
  • Increased Adoption of NFC Payment
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2018 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

TechNavio Announces the Publication of its Research Report – Smart Card Market in Latin America 2015-2019

TechNavio recognizes the following companies as the key players in the Smart Card Market in Latin America: Gemalto N.V., Giesecke & Devrient GmbH, Morpho S.A., Oberthur Technologies and Watchdata System Co. Ltd.

Other Prominent Vendors in the market are: AB Note, Arm Holdings, ASK, Atmel, Crocus Technology, Datacard, Diebold, Infineon Technologies, Ingenico, Inside Contactless and Verifone System.

Commenting on the report, an analyst from TechNavio’s team said: “The increased adoption of near- field communication payments is a major trend emerging in this market. With growing awareness of NFC payment solutions, the adoption of smart cards by the BFSI sector is increasing. NFC-enabled mobile devices operate in card emulation mode for mobile contactless payments. Therefore, they are being widely adopted by some of the emerging sectors.”

According to the report, the entry of prominent global vendors in developing countries is one of the major drivers of growth. As Latin America lacks local players with expertise, it is the global players who control the market in this region. This leads to a high degree of competition among vendors, which forces them to offer smart cards at nominal rates.

Further, the report states that smart cards are priced high in developing countries because of the small number of vendors. However, in regions where there are a large number of vendors, there is intense competition, leading to price wars among vendors, thereby forcing them to reduce the prices of smart cards, and this poses a serious challenge for the Smart Card market in Latin America."

Companies Mentioned

Gemalto, Giesecke & Devrient, Morpho, Oberthur Technologies, Watchdata System, AB Note, Arm Holdings, ASK, Atmel, Crocus Technology, Datacard, Diebold, Infineon Technologies, Ingenico, Inside Contactless, Verifone System 

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Market Description
    • Types of Smart Cards
      • Contact-based Smart Cards
      • Contactless Smart Cards
    • Applications of Smart Cards
      • Government Programs
      • Financial Applications
      • Transportation
      • Information Security
      • Communication Applications
      • Physical Access Control
      • Retail and Loyalty
      • Healthcare
      • Student Identification
  • Market Landscape
    • Market Overview
    • Product Lifecycle of Smart Cards in Latin America
      • Table Product Lifecycle of Smart Cards in Latin America
    • Global Smart Card Market
      • Market Size and Forecast
        • Table Global Smart Card Market 2014-2019 (US$ million)
      • Unit Shipment Forecast 2014-2019
        • Table Global Smart Card Market 2014-2019 (million units)
      • ASP Forecast 2014-2019
        • Table Global Smart Card Market by ASP 2014-2019 (US$)
    • Share of Latin America in Global Smart Card Market
      • Share of Latin America in Global Smart Card Market by Revenue
        • Table Share of Latin America in Global Smart Card Market by Revenue 2014-2019
      • Share of Latin America in Global Smart Card Market by Unit Shipment
        • Table Share of Latin America in Global Smart Card Market by Unit Shipment 2014-2019
    • Smart Card Market in Latin America
      • Market Size and Forecast
        • Table Smart Card Market in Latin America 2014-2019 (US$ million)
      • Unit Shipment Forecast 2014-2019
        • Table Smart Card Market in Latin America 2014-2019 (million units)
      • ASP Forecast
        • Table Smart Cards Market in Latin America by ASP 2014-2019 (US$)
    • Five Forces Analysis
  • Market Segmentation by Technology
    • Smart Card Market in Latin America by Technology 2014
      • Smart Card Market in Latin America by Technology 2014 (revenue)
        • Table Smart Card Market in Latin America by Technology 2014 (revenue)
      • Smart Card Market in Latin America by Technology 2014 (unit shipment)
        • Table Smart Card Market in Latin America by Technology 2014 (unit shipment)
      • Smart Card Market in Latin America by Technology 2014-2019 (revenue)
        • Table Smart Card Market in Latin America by Technology 2014-2019 (revenue)
      • Smart Card Market in Latin America by Technology 2014-2019 (unit shipment)
        • Table Smart Card Market in Latin America by Technology 2014-2019 (unit shipment)
    • Contact-based Smart Card Market in Latin America 2014-2019
      • Market Size and Forecast
        • Table Contact-based Smart Card Market in Latin America 2014-2019 (US$ million)
      • Unit Shipment Forecast
        • Table Contact-based Smart Card Market in Latin America 2014-2019 (million units)
    • Contactless Smart Card Market in Latin America 2014-2019
      • Market Size and Forecast
        • Table Contactless Smart Card Market in Latin America 2014-2019 (US$ million)
      • Unit Shipment Forecast
        • Table Contactless Smart Card Market in Latin America 2014-2019 (million units)
  • Market Segmentation by End-users
    • Segmentation of Smart Card Market in Latin America by End-users 2014
      • Segmentation of Smart Card Market in Latin America by End-users 2014 (revenue)
        • Table Segmentation of Smart Card Market in Latin America by End-users 2014 (revenue)
      • Segmentation of Smart Card Market in Latin America by End-users (unit shipment)
        • Table Segmentation of Smart Card Market in Latin America by End-users (unit shipment)
    • Segmentation of Smart Card Market in Latin America by End-users 2014-2019
      • Table Segmentation of Smart Card Market in Latin America by End-users 2014-2019 (revenue)
      • Segmentation of Smart Card Market in Latin America by End-users 2014-2019 (unit shipment)
        • Table Segmentation of Smart Card Market in Latin America by End-users 2014-2019 (unit shipment)
    • BFSI Sector in Smart Card Market in Latin America
      • Market Size and Forecast
        • Table BFSI Sector in Smart Card Market in Latin America 2014-2019 (US$ million)
      • Unit Shipment Forecast
        • Table BFSI Sector in Smart Card Market in Latin America 2014-2019 (million units)
    • Government Sector in Smart Card Market in Latin America
      • Market Size and Forecast
        • Table Government Sector in Smart Card Market in Latin America 2014-2019 (US$ million)
      • Unit Shipment Forecast 2014-2019
        • Table Government Sector in Smart Card Market in Latin America 2014-2019 (million units)
    • Transportation Sector in Smart Card Market in Latin America
      • Market Size and Forecast
        • Table Transportation Sector in Smart Card market in Latin America 2014-2019 (US$ million)
      • Unit Shipment Forecast
        • Table Transportation Sector in Smart Card market in Latin America 2014-2019 (million units)
  • Market Attractiveness
    • Market Attractiveness by End-user Segmentation
      • Table Segmentation of Market Attractiveness by End-users
  • Buying Criteria
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
    • Market Share Analysis
      • Gemalto
      • Giesecke & Devrient
      • Morpho
      • Oberthur Technologies
      • Watchdata System
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Gemalto
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Gemalto: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Gemalto: Business Segmentation by Revenue 2012 and 2013 (US$ million)
      • Geographical Segmentation by Revenue 2013
        • Table Gemalto: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Giesecke & Devrient
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Giesecke & Devrient: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Giesecke & Devrient: Business Segmentation by Revenue 2012 and 2013 (US$ million)
      • Recent Developments
      • SWOT Analysis
    • Morpho
      • Key Facts
      • Business Overview
      • Product Segmentation
        • Table Morpho: Product Segmentation
      • Geographical Segmentation
        • Table Morpho: Geographical Segmentation
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Oberthur Technologies
      • Key Facts
      • Business Overview
      • Solution Segmentation 2013
        • Table Oberthur Technologies: Solution Segmentation 2013
      • Key Developments
      • SWOT Analysis
    • Watchdata System
      • Key Facts
      • Business Overview
      • Products and Solutions
        • Table Watchdata System: Products and Solutions
      • Geographical Segmentation
        • Table Watchdata System: Geographical Segmentation
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
  • Key Developments
  • Assumptions
  • Other Reports in this Series

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