HOME Top Market Reports 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

By: marketsandmarkets.com
Publishing Date: June 2018
Report Code: SE 6382

 

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The smart card market was valued at USD 13.18 million in 2017 and is expected to reach USD 21.57 million by 2023, at a CAGR of 8.7% during the forecast period. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023. The objective of the report is to provide a detailed analysis of the market based on communication, component, application, and geography. The report also provides information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the smart card market, along with a detailed value chain. In addition, key players in the smart card market have been strategically profiled, and their market ranks and core competencies have been comprehensively analyzed. In addition, the competitive landscape for market players has been studied in details, along with their growth strategies, such as product launches, product developments, acquisitions, partnerships, expansions, contracts, and collaborations.

This research study involves extensive use of secondary sources, directories, and databases (such as annual reports, press releases, journals, company websites, International Card Manufacturers Association, Secure Technology Alliance, and paid databases) to identify and collect information useful for this study. The entire procedure includes the study of the financial reports of top market players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been confirmed with key industry experts, such as CEOs, VPs, directors, and marketing executives. The report also provides size of the market for smart cards and readers, in terms of volume, for all applications. The following figure shows the breakdown of primaries based on company type, designation, and region.

Smart Card Market

To know about the assumptions considered for the study, download the pdf brochure

Companies 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) are some of the major players in the smart card market.

Target Audience:

  • Smart card manufacturers
  • Smart card operating system developers
  • Semiconductor manufacturers
  • Smart card integrators and application developers
  • Reader manufacturers
  • Smart card users, such as banking and financial institutions, and healthcare and governmental organizations
  • Investors (private equity, venture capital, and others)
  • Original equipment manufacturers (OEMs)
  • Component and device suppliers and distributors
  • Government bodies, such as regulatory authorities and policymakers
  • Research institutes and organizations
  • Market research and consulting firms

The smart card market in this report has been segmented:

  • By Communication
    • Contact
      • Microprocessor
      • Memory
    • Contactless
      • Microprocessor
      • Memory
  • By Component
    • Hardware
    • Smart Cards
    • Readers
    • Software
    • Services
  • By Application
    • Banking, Financial Services, and Insurance (BFSI)
    • Government and Healthcare
    • Transportation
    • Retail
    • Others (Enterprises, Entertainment, and Education)
  • By Geography
    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • UK
      • Germany
      • France
      • Rest of Europe
    • Asia Pacific (APAC)
      • China
      • India
      • Japan
      • South Korea
      • Rest of APAC
    • Rest of the World (RoW)
      • South America
      • Middle East and Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain

Application Analysis

  • Further breakdown of the communication and component segments

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities for Smart Card Market
    4.2 Smart Card Market, By Communication Type
    4.3 Smart Card Market, By Application
    4.4 Smart Card Market, By Component
    4.5 Smart Card Market, By Geography

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand for Identification Cards to Avail Government Facilities
                    5.2.1.2 Contactless Interfaces to Boost Adoption of Smart Cards
                    5.2.1.3 Globalization Driving the Adoption of Epassports and Smart Cards in Banking Systems
           5.2.2 Restraints
                    5.2.2.1 High Costs Involved in Deploying Epos Terminals
                    5.2.2.2 Increasing Adoption of Mobile Wallets Reducing the Demand for Smart Cards
           5.2.3 Opportunities
                    5.2.3.1 Blockchain Technology Enhancing Security Features
           5.2.4 Challenges
                    5.2.4.1 Security Related to Contactless Technology
                    5.2.4.2 Lack of Standardization and Consumer Awareness
    5.3 Value Chain Analysis

6 Smart Card Market, By Communication (Page No. - 43)
    6.1 Introduction
    6.2 Contact Smart Cards
    6.3 Contactless Smart Cards
    6.4 Microprocessor-Based Smart Cards
    6.5 Memory-Based Smart Cards

7 Smart Card Market, By Component (Page No. - 56)
    7.1 Introduction
    7.2 Hardware
           7.2.1 Smart Cards
           7.2.2 Smart Card Readers
    7.3 Software
    7.4 Services

8 Smart Card Market, By Application (Page No. - 67)
    8.1 Introduction
    8.2 Banking, Financial Services, and Insurance (BFSI)
    8.3 Government and Healthcare
    8.4 Transportation
    8.5 Retail
    8.6 Others

9 Geographic Analysis (Page No. - 73)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 APAC
    9.5 RoW

10 Competitive Landscape (Page No. - 84)
     10.1 Overview
     10.2 Market Ranking Analysis
     10.3 Competitive Scenario
             10.3.1 Product Launches and Developments
             10.3.2 10 Most Recent Partnerships, Contracts, Acquisitions, and Agreements

11 Company Profiles (Page No. - 89)
     11.1 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
             11.1.1 Gemalto N.V.
             11.1.2 Giesecke & Devrient GmbH
             11.1.3 Idemia
             11.1.4 Infineon Technologies AG
             11.1.5 NXP Semiconductors N.V.
             11.1.6 Sony Corporation
             11.1.7 Samsung Electronics Co. Ltd
             11.1.8 HID Global Corporation/Assa Abloy AB
             11.1.9 Stmicroelectronics N.V.
             11.1.10 Ingenico Group Sa
             11.1.11 Verifone Systems Inc.
             11.1.12 Beijeng Watchdata Co. Ltd.
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
     11.2 Other Key Players
             11.2.1 Rambus Inc.
             11.2.2 CPI Card Group Inc.
             11.2.3 Identiv, Inc.
             11.2.4 Kona I Co., Ltd.
             11.2.5 Valid
             11.2.6 Fingerprint Cards AB
             11.2.7 Brilliantts Co., Ltd.
             11.2.8 Bitel Co. Ltd
             11.2.9 Fujian Newland Payment Technology Co., Ltd
             11.2.10 PAX Global Technology Ltd.
             11.2.11 Cardlogix Corporation
             11.2.12 Zwipe As
             11.2.13 Versasec AB

12 Appendix (Page No. - 138)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (68 Tables)

Table 1 Smart Card Market (USD Million And, Million Units), 2016–2023
Table 2 Adoption of Contactless Smart Cards (2017) (In %)
Table 3 Comparison Analysis
Table 4 International Migrant Stock (1990–2017) (In Millions)
Table 5 Smart Card Market, By Communication, 2016–2023 (USD Million)
Table 6 Smart Card Market, By Communication, 2016–2023 (Million Units)
Table 7 Market for Contact Smart Cards, By Type, 2016–2023 (USD Million)
Table 8 Market for Contact Smart Cards, By Type, 2016–2023 (Million Units)
Table 9 Market for Contact Smart Cards, By Application, 2016–2023 (USD Million)
Table 10 Market for Contact Smart Cards, By Application, 2016–2023 (Million Untis)
Table 11 Market for Contact Smart Cards, By Region, 2016–2023 (USD Million)
Table 12 Market for Contact Smart Cards, By Region, 2016–2023 (Million Units)
Table 13 Market for Contactless Smart Cards, By Type, 2016–2023 (USD Million)
Table 14 Market for Contactless Smart Cards, By Type, 2016–2023 (Million Units)
Table 15 Market for Contactless Smart Cards, By Application, 2016–2023 (USD Million)
Table 16 Market for Contactless Smart Cards, By Application, 2016–2023 (Million Untis)
Table 17 Market for Contactless Smart Cards, By Region, 2016–2023 (USD Million)
Table 18 Market for Contactless Smart Cards, By Region, 2016–2023 (Million Units)
Table 19 Market for Microprocessor-Based Smart Cards, By Application, 2016–2023 (USD Million)
Table 20 Market for Microprocessor-Based Smart Cards, By Application, 2016–2023 (Million Untis)
Table 21 Market for Microprocessor-Based Smart Cards, By Region, 2016–2023 (USD Million)
Table 22 Market for Microprocessor-Based Smart Cards, By Region, 2016–2023 (Million Units)
Table 23 Market for Memory-Based Smart Cards, By Application, 2016–2023 (USD Million)
Table 24 Market for Memory-Based Smart Cards, By Application, 2016–2023 (Million Units)
Table 25 Market for Memory-Based Smart Cards , By Region, 2016–2023 (USD Million)
Table 26 Market for Memory-Based Smart Cards, By Region, 2016–2023 (Million Units)
Table 27 Smart Card Market, By Component, 2016–2023 (USD Million)
Table 28 Smart Card Market for Hardware, By Region, 2016–2023 (USD Million)
Table 29 Smart Card Market for Hardware, By Region, 2016–2023 (Million Units)
Table 30 Smart Card Market for Hardware, By Type, 2016–2023 (USD Million)
Table 31 Smart Card Market for Hardware, By Type, 2016–2023 (Million Units)
Table 32 Smart Card Market for BFSI Applications, By Hardware, 2016–2023 (USD Million)
Table 33 Smart Card Market for BFSI Applications, By Hardware, 2016–2023 (Million Units)
Table 34 Smart Card Market for Government and Healthcare Applications, By Hardware, 2016–2023 (USD Million)
Table 35 Smart Card Market for Government and Healthcare Applications, By Hardware, 2016–2023 (Million Units)
Table 36 Smart Card Market for Transportation Applications, By Hardware, 2016–2023 (USD Million)
Table 37 Smart Card Market for Transportation Applications, By Hardware, 2016–2023 (Million Units)
Table 38 Smart Card Market for Retail Applications, By Hardware, 2016–2023 (USD Million)
Table 39 Smart Card Market for Retail Applications, By Hardware, 2016–2023 (Million Units)
Table 40 Smart Card Market for Other Applications, By Hardware, 2016–2023 (USD Million)
Table 41 Smart Card Market for Other Applications, By Hardware, 2016–2023 (Million Units)
Table 42 Smart Card Market for Software, By Region, 2016–2023 (USD Million)
Table 43 Smart Card Market for Services, By Region, 2016–2023 (USD Million)
Table 44 Smart Card Market for BFSI Applications, By Component, 2016–2023 (USD Million)
Table 45 Smart Card Market for Government and Healthcare Applications, By Component, 2016–2023 (USD Million)
Table 46 Smart Card Market for Transportation Applications, By Component, 2016–2023 (USD Million)
Table 47 Smart Card Market for Retail Applications, By Component, 2016–2023 (USD Million)
Table 48 Smart Card Market for Other Applications, By Component, 2016–2023 (USD Million)
Table 49 Smart Card Market, By Application, 2014–2023 (USD Million)
Table 50 Smart Card Market for BFSI Applications, By Region, 2016–2023 (USD Million)
Table 51 United Nations E-Government Development Index, 2003–2014
Table 52 Smart Card Market for Government and Healthcare Applications, By Region, 2016–2023 (USD Million)
Table 53 Smart Card Market for Transportation Applications, By Region, 2016–2023 (USD Million)
Table 54 Smart Card Market for Retail Applications, By Region, 2016–2023 (USD Million)
Table 55 Smart Card Market for Other Applications, By Region, 2016–2023 (USD Million)
Table 56 Smart Card Market, By Region, 2016–2023 (USD Million)
Table 57 Smart Card Market, By Region, 2016–2023 (Million Units)
Table 58 Smart Card Market in North America, By Country, 2016–2023 (USD Million)
Table 59 Smart Card Market in North America, By Country, 2016–2023 (Million Units)
Table 60 Smart Card Market in Europe, By Country/Region, 2016–2023 (USD Million)
Table 61 Smart Card Market in Europe, By Country/Region, 2016–2023 (Million Units)
Table 62 Smart Card Market in APAC, By Country/Region, 2016–2023 (USD Million)
Table 63 Smart Card Market in APAC, By Country/Region, 2016–2023 (Million Units)
Table 64 Smart Card Market in RoW, By Region, 2016–2023 (USD Million)
Table 65 Smart Card Market in RoW, By Region, 2016–2023 (Million Units)
Table 66 Top 5 Smart Card Manufacturers
Table 67 10 Most Recent Product Launches in the Smart Card Market
Table 68 Partnerships, Contracts, and Agreements in the Smart Card Market


List of Figures (42 Figures)

Figure 1 Segmentation of the Smart Card Market
Figure 2 Smart Card Market: Research Design
Figure 3 Bottom-Up Approach to Arrive at the Market Size
Figure 4 Top-Down Approach to Arrive at the Market Size
Figure 5 Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Snapshot: Smart Card Market (2016–2023)
Figure 8 Smart Card Market, By Component, 2016–2023
Figure 9 Smart Card Market, By Communication, 2016–2023
Figure 10 Smart Card Market, By Application, 2016–2023 (USD Million)
Figure 11 Smart Card Market, By Geography
Figure 12 BFSI Sector to Contribute to the Growth of the Smart Card Market During Forecast Period
Figure 13 Contact Smart Cards to Hold A Larger Size of the Smart Card Market Throughout the Forecast Period
Figure 14 BFSI to Hold the Largest Share of the Smart Card Market Throughout the Forecast Period
Figure 15 Hardware to Hold the Largest Share of the Smart Card Market Throughout the Forecast Period
Figure 16 Smart Card Market in RoW to Grow at the Highest Between 2018 and 2023
Figure 17 Drivers, Restraints, Opportunities, & Challenges Pertaining to the Smart Card Market
Figure 18 Social Benefits to Households in Cash (% of GDP), 2009 – 2015
Figure 19 Healthcare Expenditure, Public (% of GDP)
Figure 20 Comparison Analysis
Figure 21 Value Chain Analysis: Major Value is Added Between Smart Card Vendors and Card Issuers Phases
Figure 22 Smart Card Market, By Communication
Figure 23 Market for Contactless Smart Cards to Grow at A Higher CAGR During the Forecast Period
Figure 24 Hardware to Hold the Largest Size of the Smart Card Market Throughout the Forecast Period
Figure 25 Smart Card Market for Transportation Application to Grow at the Highest CAGR During the Forecast Period
Figure 26 Geographic Snapshot of the Smart Card Market
Figure 27 Snapshot of the Smart Card Market in North America
Figure 28 Snapshot of the Smart Card Market in Europe
Figure 29 Snapshot of the Smart Card Market in APAC
Figure 30 Snapshot of the Smart Card Market in RoW
Figure 31 Companies in the Smart Card Market Adopted Contract as the Key Growth Strategy Between January 2015 and February 2018
Figure 32 Smart Card Market Evaluation Framework
Figure 33 Gemalto N.V.: Company Snapshot
Figure 34 Giesecke & Devrient GmbH: Company Snapshot
Figure 35 Infineon Technologies AG: Company Snapshot
Figure 36 NXP Semicondcutors N.V.: Company Snapshot
Figure 37 Sony Corporation: Company Snapshot
Figure 38 Samsung Electronics Co. Ltd.: Company Snapshot
Figure 39 Assa Abloy AB: Company Snapshot
Figure 40 Stmicroelectronics N.V.: Company Snapshot
Figure 41 Ingenico Group Sa: Company Snapshot
Figure 42 Verifone Systems Inc: Company Snapshot

The smart card market is expected to reach USD 21.57 million by 2023 from USD 14.22 million in 2018, at a CAGR of 8.7% between 2018 and 2023. 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.

Contact smart cards are expected to hold the largest share of the smart card market in 2018. These cards are widely used in BFSI, government and healthcare, and retail applications. On the other hand, contactless smart cards are used in BFSI, government and healthcare, and transportation application.

Hardware is expected to hold the largest share of the smart card market in 2023 due to the increasing adoption of smart cards and readers in developing economies. The market for software is expected to grow at the highest rate during the forecast period. The smart card market for software comprises management system software and databases. Management system software is used to match information of a person with the saved data in a particular database. Increasing demand for data analysis and management is expected to support the growth of the market for software.

The smart card market in Asia Pacific is expected to witness a high growth in the near future 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. Singapore is emerging as a hub for contactless payments in APAC. These transactions account for more than half of all card-based transactions in the country. Smart cards have huge potential in China and India, among others, as consumer spending is increasing in these countries.

Smart Card Market

The growing popularity of mobile or digital wallets among millennials is expected to reduce the demand for smart cards for banking applications. However, with increase in income and adoption of proper banking systems in developing countries, the effect of this restraint is expected to weaken over the coming years.

Major players in the smart card market include 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).

These players adopted various strategies such as product developments, acquisitions, partnerships, expansions, and contracts to grow in the smart card market.

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