2018-2023 Global Dual Interface IC Card Consumption Market Report
In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Dual Interface IC Card market for 2018-2023.
The Dual Interface IC Card is a type of smart card with an embedded contactless chip. The card number and user’s identifying information are still contained on the face of the card, and an EMV chip (Europay, MasterCard, and Visa chip) may be used to provide added security in credit and debit card transactions. Having both a contactless chip and a magnetic strip (or chip-and-PIN) allows the cardholder to conduct transactions on a wider variety of machines.
The growth of the Dual Interface IC Card technologies market is also driven by factors, such as an increasing adoption of IC card in the financial Institutions, government and transportation industry. However, factors such as high investment, Card authentication, and technology are hindering the growth of this market.
There are a lot of manufacturers in this industry. The sales revenue share of Gemalto is about 22.36% in 2016, which is the No.1 of the global Dual Interface IC Card industry.
At present, in developed countries, the Dual Interface IC Card industry is generally at a more advanced level. The world's largest enterprises are mainly concentrated in Europe. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level. Dual Interface IC Card is a technology-intensive industry. Most of products are purchased through the bidding,which need high request to the provides,include the technology,cost,service and so on.With the development in production and technology, Chinese communications operators gradually shift to the domestic manufacturers. Many providers had a rapid growth through the bidding,like Wuhan Tianyu, Eastcompeace.which is the leader in the Dual Interface IC Card industry in China. It is important for European and North American manufactures to monitor the Asian Market closely and follow any new technologies they may develop or else they may find themselves not able to produce at the speed and with the quality needed.
China’s Dual Interface IC Card industry is still in the development stage. China is a large population country, there are only few manufacturers which can produce the Dual Interface IC Card product.. With the People’s Bank of China (PBOC) have announced all banking cards in China would migrate to Smart Cards, the demand for Smart Cards have a rapid development in recent two years. At present, there is still a wide gap in the market size, the capital, marketing, product development or technical studies between China domestic enterprises and foreign enterprises, especially in some high-end technology field.
In the coming years, Dual Interface IC Card market is expected to witness the highest growth rate in the Asia-Pacific region. Although Dual Interface IC Card brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
Over the next five years, LPI(LP Information) projects that Dual Interface IC Card will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Dual Interface IC Card market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
Government & Public Utilities
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Giesecke & Devrient
CPI Card Group
Watchdata Systems Co. Ltd
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Dual Interface IC Card consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Dual Interface IC Card market by identifying its various subsegments.
Focuses on the key global Dual Interface IC Card manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Dual Interface IC Card with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Dual Interface IC Card submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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