Smart Card Market Revenue, Trends and Growth Analysis 2022-2030

Smart Card Market Size - By Access, By Component, By Type, By End User - Regional Outlook, Competitive Strategies and Segment Forecasts to 2030

Published: Nov 2022 Base Year: 2021 Report ID: IACT2212
Available Format: Historical Data: 2019 - 2020 Number of Pages: 1 - 225
Category : Information & Communications Technology
Global Smart Card Market Overview:

According to SPER Market Research, the Global Smart Card Market estimated to reach USD 19.96 billion by 2030 with a CAGR of 4.1%.

A smart card is an electronic authorization tool that aids in managing and manipulating operations, granting access to data, and carrying out financial transactions. It is a standard plastic credit card with an integrated circuit (IC) chip or microprocessor implanted inside that serves as a service token for storing and exchanging data between users.

Smart cards are increasingly being used for transactions worldwide, which is accelerating market growth due to the rise in demand for frictionless and contactless payment methods. The increased use of smart cards for routine tasks like prepaid mobile phone recharge and utility bill payment helps the market grow. The increased usage of cards in a variety of industries, such as healthcare, hospitality, retail, and entertainment, for building these terminals and advancing the sector, is causing the market to grow more quickly. The market for smart cards is also benefited from expanding urbanization, lifestyle changes, a spike in investment, and rising consumer expenditure.

It is anticipated that the high infrastructure costs, security and data theft issues, and the rise of mobile wallets will restrain industry growth. Additionally, it is anticipated that the smart card market will face challenges in the future due to a lack of standardization in smart cards, rising security concerns, and the popularity of digital identity cards.

The Smart Card report provides information on new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, and the impact of domestic and localized market participants. It also analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, and technological advancements.

The primary trend that is gaining traction in the smart card industry is a technological improvement. To improve their market position, major smart card manufacturers are concentrating on offering cutting-edge products. Next-generation smart card technologies, including memory technology, RFID, NFC, integrated circuits, Bluetooth tags, Wi-Fi RTLS, and others, are being incorporated by these businesses into their products.

Impact of COVID-19 on the Global Smart Card Market:
Due to the tight lockdowns and social seclusion used to stop the COVID-19 virus's spread, the smart card market suffered as a result. The demand for intelligent solar technology was impacted by the uncertain economy, a partial corporate shutdown, and poor consumer confidence. During the epidemic, the supply chain was impeded along with logistics operations. However, because of the loosening of limitations and the quickening growth of the e-commerce sector, the smart card industry is anticipated to pick up speed in the post-pandemic environment.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2030
 Base year considered 2021
 Forecast period 2022-2030
 Segments coveredBy Access, By Component, By Type, By End User
 Geographies coveredNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa
 Companies CoveredAtos SE, Alioth LLC, Cardcom Technology, CardLogix Corporation, CPI Card Group, Eastcompeace, Fingerprint Cards AB, Gemalto NV, Giesecke & Devrient, HID Global Corporation, IDEMIA, Infineon Technologies AG., Texas Instruments, Watchdata Technologies.
Global Smart Card Market Segmentation:

By Access: Based on the Access, Global Smart Card Market is segmented as; Logical, Physical. 

By Component: Based on the Component, Global Smart Card Market is segmented as; Microcontroller-Based, Memory-Based.

By Type: Based on the Type, Global Smart Card Market is segmented as; Dual-Interface, Hybrid, Contact, Contactless.

By End User:
 Based on the End Use, Global Smart Card Market is segmented as; Government, Healthcare, Retail and Loyalty, Transportation, Energy and Utility, BFSI, Others.

By Region: The Global Smart Card Market is majorly driven by Asia-Pacific. During the projected period, Asia-Pacific is anticipated to have the quickest rate of growth in the worldwide Global Smart Card Market. 

1. Introduction
1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges 
4.2. COVID-19 Impacts of the Global Smart Card Market

5. Market variables and outlook
5.1. SWOT analysis 
5.1.1 Strengths 
5.1.2 Weaknesses 
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis 
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape 
5.2.4 Technological landscape 
5.2.5 Environmental landscape 
5.2.6 Legal landscape 
5.3. PORTER’S five forces analysis 
5.3.1 Bargaining power of suppliers 
5.3.2 Bargaining power of Buyers 
5.3.3 Threat of Substitute 
5.3.4 Threat of new entrant 
5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Global Smart Card Market, By Access, 2019-2030 (USD Million)
6.1. Logical
6.2. Physical

7. Global Smart Card Market, By Component, 2019-2030 (USD Million)
7.1. Microcontroller-Based
7.2. Memory-Based

8. Global Smart Card Market, By Type, 2019-2030 (USD Million)
8.1. Dual-Interface
8.2. Hybrid
8.3. Contact
8.4. Contactless

9. Global Smart Card Market, By End Use, 2019-2030 (USD Million)
9.1. Government
9.2. Healthcare
9.3. Retail and Loyalty
9.4. Transportation
9.5. Energy and Utility
9.6. BFSI
9.7. Others

10. Global Smart Card Market, By Region, 2019-2030 (USD Million)
10.1. North America
10.1.1. United States
10.1.2. Canada
10.1.3. Mexico
10.2. Europe
10.2.1. Germany
10.2.2. United Kingdom
10.2.3. France
10.2.4. Italy
10.2.5. Spain
10.2.6. Rest of Europe
10.3. Asia-Pacific
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Australia
10.3.5. South Korea
10.3.6. Rest of Asia-Pacific
10.4. South America
10.4.1. Brazil
10.4.2. Argentina
10.4.3. Rest of South America
10.5. Middle East & Africa
10.5.1. Kingdom of Saudi Arabia 
10.5.2. United Arab Emirates
10.5.3. Rest of Middle East & Africa
11. Company Profiles
11.1. Atos SE.
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary 
11.1.4. Recent developments

11.2. Alioth LLC.
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary 
11.2.4. Recent developments

11.3. Cardcom Technology
11.3.1. Company details 
11.3.2. Financial outlook
11.3.3. Product summary 
11.3.4. Recent developments

11.4. CardLogix Corporation
11.4.1. Company details 
11.4.2. Financial outlook
11.4.3. Product summary 
11.4.4. Recent developments

11.5. CPI Card Group
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments

11.6. Eastcompeace
11.6.1. Company details 
11.6.2. Financial outlook
11.6.3 Product summary 
11.6.4. Recent developments

11.7. Fingerprint Cards AB.
11.7.1. Company details 
11.7.2. Financial outlook
11.7.3. Product summary 
11.7.4. Recent developments

11.8. Gemalto NV.
11.8.1. Company details 
11.8.2. Financial outlook
11.8.3. Product summary 
11.8.4. Recent developments

11.9. Giesecke & Devrient
11.9.1. Company details 
11.9.2. Financial outlook
11.9.3. Product summary 
11.9.4. Recent developments

11.10. HID Global Corporation
11.10.1. Company details 
11.10.2. Financial outlook
11.10.3. Product summary 
11.10.4. Recent developments

11.11. IDEMIA
11.11.1. Company details 
11.11.2. Financial outlook
11.11.3. Product summary 
11.11.4. Recent developments
11.12. Infineon Technologies AG.
11.12.1. Company details 
11.12.2. Financial outlook
11.12.3. Product summary 
11.12.4. Recent developments

11.13. Texas Instruments
11.13.1. Company details 
11.13.2. Financial outlook
11.13.3. Product summary 
11.13.4. Recent developments

11.14. Texas Instruments
11.14.1. Company details 
11.14.2. Financial outlook
11.14.3. Product summary 
11.14.4. Recent developments
11.15. Watchdata Technologies
11.15.1. Company details 
11.15.2. Financial outlook
11.15.3. Product summary 
11.15.4. Recent developments

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.




Frequently Asked Questions About This Report
The Smart Card Market is projected to reach USD 19.96 billion by 2030, growing at a CAGR of 4.1% during the forecast period.
The Smart Card Market size is USD 19.96 billion from 2022 to 2030.
The Smart Card Market segment is Covered By Access, By Component, By Type, By End User.
The North America region is anticipated to have the highest market share in the Smart Card Market.
The key players in the market include Atos SE, Alioth LLC, Cardcom Technology, CardLogix Corporation, CPI Card Group, Eastcompeace, Fingerprint Cards AB, Gemalto NV, Giesecke & Devrient, HID Global Corporation, IDEMIA, Infineon Technologies AG., Texas Instruments, Watchdata Technologies.
The smart card market has benefited from increased urbanization, lifestyle changes, increased investment, and higher consumer spending.
The Smart Card Market grew in market size from 2021. The Market is expected to reach USD 19.96 billion by 2030, at a CAGR of 4.1% during the forecast period.
The Smart Card Market CAGR of 4.1% during the forecast period.
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