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Smart Card Market by Communication (Contact and Contactless), Component (Hardware, Software, and Services), Application (BFSI, Government and Healthcare, Transportation, Retail, and Others) and Geography - Global Forecast to 2023

Smart Card Market by Communication (Contact and Contactless), Component (Hardware, Software, and Services), Application (BFSI, Government and Healthcare, Transportation, Retail, and Others) and Geography - Global Forecast to 2023

“The global smart card market is expected to grow at a CAGR of 8.7% between 2018 and 2023.”
The smart card market is expected to reach USD 21.57 billion by 2023 from USD 14.22 billion in 2018, at a CAGR of 8.7% between 2018 and 2023. Use of smart cards in the BFSI sector has also been rising, supported by the transition of magnetic cards to EuroPay, MasterCard, and Visa (EMV) standard (chip and PIN) cards. EMV standards mandate the use of smart cards such as credit/debit/ATM and prepaid cards in financial transactions. The major factors driving the growth of the smart card market include increasing use of online payment methods enabling consumers to make secure and reliable payments. In line with this, the use of contactless smart cards has gained remarkable consideration as electronic payment methods are rapidly replacing cash and carry operations. However, factors such as initial costs associated with the deployment of contactless EPOS terminals and increasing adoption of mobile wallets are restraining the growth of the market.

“The market for contactless smart cards is expected to grow at a high rate between 2018 and 2023.”
The market for contactless smart card is expected to grow at a high rate during the forecast period. The BFSI sector is expected to witness a high adoption of contactless smart cards in the coming years. Further, the transition of smart cards in the US to EMV standard is driving the growth of the market for contactless smart cards. The market for contactless smart cards has been subsegmented into microprocessors and memory-based smart cards.

“The smart card market for software is expected to register the fastest growth during the forecast period.”
The smart card market for software is expected to grow significantly during the forecast period. This market comprises management system software and databases. Increasing demand for data analysis and management is expected to support the growth of the market.

Smart card companies provide technology consulting services to design smart card systems and solutions. These services help in managing business transformation programs and delivering robust models to help clients achieve strategic objectives through technical and business improvements. Further, the adoption of cybersecurity services by smart card players is expected to positively impact the market for services in the coming years.

“BFSI applications is expected to hold the largest share of the smart card market in 2018.”
BFSI applications is expected to hold the largest share of the smart card market in 2018. Smart cards are primarily used in BFSI applications to implement Europay, MasterCard, and Visa (EMV) standards across several countries. The demand for smart cards is high in the BFSI sector as many credit/debit card issuers are switching to the EMV standard. Further, signature verification removal in the US is expected to boost the demand for smart cards in the coming years.

“Asia Pacific is likely to hold the largest market share in 2018, and the market in this region is expected to grow at the highest rate during the forecast period.”
The smart card market in Asia Pacific is expected to grow at the highest rate during the forecast period owing to the increasing demand in developing countries such as India, China, Malaysia, and Thailand, which are increasingly implementing smart cards in the transportation, BFSI, retail, government, and healthcare sectors. Companies in these countries are implementing smart cards to make the process of payments and other documentations easy for consumers.

Break-up of the profiles of primary participants:
By Company Type: Tier 1 - 52%, Tier 2 - 21%, and Tier 3 - 27%
By Designation: C-Level Executives - 37% and Managers - 63%
By Region: North America - 21%, Europe - 40%, Asia Pacific - 15%, and Rest of the World - 24%

The report includes profiles of market players such as Gemalto N.V. (Netherlands), Giesecke & Devrient GmbH (Germany), IDEMIA France SAS(France), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherlands), Sony Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), HID Global Corporation (Sweden), STMicroelectronics NV (Switzerland), Ingenico Group SA (France), VeriFone Systems, Inc. (US), Beijeng Watchdata Co. Ltd. (China), Rambus Inc. (US), CPI Card Group Inc. (US), Identiv, Inc. (US), KONA I Co., Ltd. (South Korea), VALID (Brazil), Fingerprint Cards AB (Sweden), BrilliantTS Co. Ltd. (South Korea), Bitel Co. Ltd. (South Korea), Fujian Newland Computer Co., Ltd. (China), PAX Global Technology Ltd. (Hong Kong), CardLogix Corporation (US), ZWIPE (Norway), and Versasec AB (Sweden).

Research Coverage:
This research report categorizes the global smart card market based on communication, component, application, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the market; and includes value chain analysis and market ranking analysis.

Reasons to Buy the Report
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the smart card market comprehensively and provides the closest market size estimation for subsegments across different regions.
2. The report would help stakeholders understand the pulse of the market and provide them the information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain insights to improve their positions in the market. The competitive landscape section studies competitor ecosystem, product launches, acquisitions, partnerships, expansions, contracts, and collaborations.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table SMART CARD MARKET (USD MILLION AND, MILLION UNITS), 2016-2023
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES FOR SMART CARD MARKET
    • SMART CARD MARKET, BY COMMUNICATION TYPE
    • SMART CARD MARKET, BY APPLICATION
    • SMART CARD MARKET, BY COMPONENT
    • SMART CARD MARKET, BY GEOGRAPHY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table ADOPTION OF CONTACTLESS SMART CARDS (2017) (IN %)
        • Table COMPARISON ANALYSIS
        • Table INTERNATIONAL MIGRANT STOCK (1990-2017) (IN MILLIONS)
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN ANALYSIS
  • SMART CARD MARKET, BY COMMUNICATION
    • INTRODUCTION
      • Table SMART CARD MARKET, BY COMMUNICATION, 2016-2023 (USD MILLION)
      • Table SMART CARD MARKET, BY COMMUNICATION, 2016-2023 (MILLION UNITS)
    • CONTACT SMART CARDS
      • Table MARKET FOR CONTACT SMART CARDS, BY TYPE, 2016-2023 (USD MILLION)
      • Table MARKET FOR CONTACT SMART CARDS, BY TYPE, 2016-2023 (MILLION UNITS)
      • Table MARKET FOR CONTACT SMART CARDS, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table MARKET FOR CONTACT SMART CARDS, BY APPLICATION, 2016-2023 (MILLION UNTIS)
      • Table MARKET FOR CONTACT SMART CARDS, BY REGION, 2016-2023 (USD MILLION)
      • Table MARKET FOR CONTACT SMART CARDS, BY REGION, 2016-2023 (MILLION UNITS)
    • CONTACTLESS SMART CARDS
      • Table MARKET FOR CONTACTLESS SMART CARDS, BY TYPE, 2016-2023 (USD MILLION)
      • Table MARKET FOR CONTACTLESS SMART CARDS, BY TYPE, 2016-2023 (MILLION UNITS)
      • Table MARKET FOR CONTACTLESS SMART CARDS, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table MARKET FOR CONTACTLESS SMART CARDS, BY APPLICATION, 2016-2023 (MILLION UNTIS)
      • Table MARKET FOR CONTACTLESS SMART CARDS, BY REGION, 2016-2023 (USD MILLION)
      • Table MARKET FOR CONTACTLESS SMART CARDS, BY REGION, 2016-2023 (MILLION UNITS)
    • MICROPROCESSOR-BASED SMART CARDS
      • Table MARKET FOR MICROPROCESSOR-BASED SMART CARDS, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table MARKET FOR MICROPROCESSOR-BASED SMART CARDS, BY APPLICATION, 2016-2023 (MILLION UNTIS)
      • Table MARKET FOR MICROPROCESSOR-BASED SMART CARDS, BY REGION, 2016-2023 (USD MILLION)
      • Table MARKET FOR MICROPROCESSOR-BASED SMART CARDS, BY REGION, 2016-2023 (MILLION UNITS)
    • MEMORY-BASED SMART CARDS
      • Table MARKET FOR MEMORY-BASED SMART CARDS, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table MARKET FOR MEMORY-BASED SMART CARDS, BY APPLICATION, 2016-2023 (MILLION UNITS)
      • Table MARKET FOR MEMORY-BASED SMART CARDS , BY REGION, 2016-2023 (USD MILLION)
      • Table MARKET FOR MEMORY-BASED SMART CARDS, BY REGION, 2016-2023 (MILLION UNITS)
  • SMART CARD MARKET, BY COMPONENT
    • INTRODUCTION
      • Table SMART CARD MARKET, BY COMPONENT, 2016-2023 (USD MILLION)
    • HARDWARE
      • Table SMART CARD MARKET FOR HARDWARE, BY REGION, 2016-2023 (USD MILLION)
      • Table SMART CARD MARKET FOR HARDWARE, BY REGION, 2016-2023 (MILLION UNITS)
      • SMART CARDS
      • SMART CARD READERS
        • Table SMART CARD MARKET FOR HARDWARE, BY TYPE, 2016-2023 (USD MILLION)
        • Table SMART CARD MARKET FOR HARDWARE, BY TYPE, 2016-2023 (MILLION UNITS)
        • Table SMART CARD MARKET FOR BFSI APPLICATIONS, BY HARDWARE, 2016-2023 (USD MILLION)
        • Table SMART CARD MARKET FOR BFSI APPLICATIONS, BY HARDWARE, 2016-2023 (MILLION UNITS)
        • Table SMART CARD MARKET FOR GOVERNMENT AND HEALTHCARE APPLICATIONS, BY HARDWARE, 2016-2023 (USD MILLION)
        • Table SMART CARD MARKET FOR GOVERNMENT AND HEALTHCARE APPLICATIONS, BY HARDWARE, 2016-2023 (MILLION UNITS)
        • Table SMART CARD MARKET FOR TRANSPORTATION APPLICATIONS, BY HARDWARE, 2016-2023 (USD MILLION)
        • Table SMART CARD MARKET FOR TRANSPORTATION APPLICATIONS, BY HARDWARE, 2016-2023 (MILLION UNITS)
        • Table SMART CARD MARKET FOR RETAIL APPLICATIONS, BY HARDWARE, 2016-2023 (USD MILLION)
        • Table SMART CARD MARKET FOR RETAIL APPLICATIONS, BY HARDWARE, 2016-2023 (MILLION UNITS)
        • Table SMART CARD MARKET FOR OTHER APPLICATIONS, BY HARDWARE, 2016-2023 (USD MILLION)
        • Table SMART CARD MARKET FOR OTHER APPLICATIONS, BY HARDWARE, 2016-2023 (MILLION UNITS)
    • SOFTWARE
      • Table SMART CARD MARKET FOR SOFTWARE, BY REGION, 2016-2023 (USD MILLION)
    • SERVICES
      • Table SMART CARD MARKET FOR SERVICES, BY REGION, 2016-2023 (USD MILLION)
      • Table SMART CARD MARKET FOR BFSI APPLICATIONS, BY COMPONENT, 2016-2023 (USD MILLION)
      • Table SMART CARD MARKET FOR GOVERNMENT AND HEALTHCARE APPLICATIONS, BY COMPONENT, 2016-2023 (USD MILLION)
      • Table SMART CARD MARKET FOR TRANSPORTATION APPLICATIONS, BY COMPONENT, 2016-2023 (USD MILLION)
      • Table SMART CARD MARKET FOR RETAIL APPLICATIONS, BY COMPONENT, 2016-2023 (USD MILLION)
      • Table SMART CARD MARKET FOR OTHER APPLICATIONS, BY COMPONENT, 2016-2023 (USD MILLION)
  • SMART CARD MARKET, BY APPLICATION
    • INTRODUCTION
      • Table SMART CARD MARKET, BY APPLICATION, 2014-2023 (USD MILLION)
    • BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)
      • Table SMART CARD MARKET FOR BFSI APPLICATIONS, BY REGION, 2016-2023 (USD MILLION)
    • GOVERNMENT AND HEALTHCARE
      • Table UNITED NATIONS E-GOVERNMENT DEVELOPMENT INDEX, 2003-2014
      • Table SMART CARD MARKET FOR GOVERNMENT AND HEALTHCARE APPLICATIONS, BY REGION, 2016-2023 (USD MILLION)
    • TRANSPORTATION
      • Table SMART CARD MARKET FOR TRANSPORTATION APPLICATIONS, BY REGION, 2016-2023 (USD MILLION)
    • RETAIL
      • Table SMART CARD MARKET FOR RETAIL APPLICATIONS, BY REGION, 2016-2023 (USD MILLION)
    • OTHERS
      • Table SMART CARD MARKET FOR OTHER APPLICATIONS, BY REGION, 2016-2023 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table SMART CARD MARKET, BY REGION, 2016-2023 (USD MILLION)
      • Table SMART CARD MARKET, BY REGION, 2016-2023 (MILLION UNITS)
    • NORTH AMERICA
      • Table SMART CARD MARKET IN NORTH AMERICA, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table SMART CARD MARKET IN NORTH AMERICA, BY COUNTRY, 2016-2023 (MILLION UNITS)
    • EUROPE
      • Table SMART CARD MARKET IN EUROPE, BY COUNTRY/REGION, 2016-2023 (USD MILLION)
      • Table SMART CARD MARKET IN EUROPE, BY COUNTRY/REGION, 2016-2023 (MILLION UNITS)
    • APAC
      • Table SMART CARD MARKET IN APAC, BY COUNTRY/REGION, 2016-2023 (USD MILLION)
      • Table SMART CARD MARKET IN APAC, BY COUNTRY/REGION, 2016-2023 (MILLION UNITS)
    • ROW
      • Table SMART CARD MARKET IN ROW, BY REGION, 2016-2023 (USD MILLION)
      • Table SMART CARD MARKET IN ROW, BY REGION, 2016-2023 (MILLION UNITS)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS
      • Table TOP 5 SMART CARD MANUFACTURERS
    • COMPETITIVE SCENARIO
      • PRODUCT LAUNCHES AND DEVELOPMENTS
        • Table 10 MOST RECENT PRODUCT LAUNCHES IN THE SMART CARD MARKET
      • 10 MOST RECENT PARTNERSHIPS, CONTRACTS, ACQUISITIONS, AND AGREEMENTS
        • Table PARTNERSHIPS, CONTRACTS, AND AGREEMENTS IN THE SMART CARD MARKET
  • COMPANY PROFILES
    • KEY PLAYERS
      • GEMALTO N.V.
      • GIESECKE & DEVRIENT GMBH
      • IDEMIA
      • INFINEON TECHNOLOGIES AG
      • NXP SEMICONDUCTORS N.V.
      • SONY CORPORATION
      • SAMSUNG ELECTRONICS CO. LTD
      • HID GLOBAL CORPORATION/ASSA ABLOY AB
      • STMICROELECTRONICS N.V.
      • INGENICO GROUP SA
      • VERIFONE SYSTEMS INC.
      • BEIJENG WATCHDATA CO. LTD.
    • OTHER KEY PLAYERS
      • RAMBUS INC.
      • CPI CARD GROUP INC.
      • IDENTIV, INC.
      • KONA I CO., LTD.
      • VALID
      • FINGERPRINT CARDS AB
      • BRILLIANTTS CO., LTD.
      • BITEL CO. LTD
      • FUJIAN NEWLAND PAYMENT TECHNOLOGY CO., LTD
      • PAX GLOBAL TECHNOLOGY LTD.
      • CARDLOGIX CORPORATION
      • ZWIPE AS
      • VERSASEC AB
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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