Market Forecast By Regions (Europe, North America, Latin America, Middle East, Africa and Asia Pacific), By Types (Contact Cards, Contactless Cards, Multi-Component Cards), By Component (Memory-Based, Microcontroller-Based), By Application (BFSI, Government, Telecommunication, Retail, Healthcare, Hospitality, Others) And Competitive Landscape
Product Code: ETC115045 | Publication Date: Sep 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Global Smart Card Market is anticipated to gain growth in the coming time zone. Additionally, these cards are pin-protected and difficult to decode, hence can be used for payments. Furthermore, the need for identification cards to obtain government facilities, the future of blockchain technology, increasing adoption in sectors such as retail, transportation, hospitality, etc. is the other major growth factors. The surge of health care data brings up challenges in providing efficient patient care and privacy. Smart cards solve both challenges by providing secure and easy distribution of data.. Operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease, leading to a decline in the growth of the smart card market in 2020. However, World Health Organization and government administrations are advising citizens to obey the social distancing norms to contain the spread of the virus. There is a rise in demand for contactless payments.
According to 6Wresearch, the Global Smart Card Market size is anticipated to register growth during 2021-27. At present, Asia Pacific is the largest market for smart cards followed by Europe. Additionally, the cards are used to purchase tickets in metros, buses, and ferries in several countries in the Asia Pacific. However, India and Thailand are leading the smart card growth in the Asia Pacific for transportation, retail, government, BFSI, and healthcare sectors. Moreover, India, together with Germany, the US, and other states, has also introduced healthcare cards for residents to improve communication between patients and doctors. Governments of developing countries are starting to the adoption of digital and smart card payments in their own markets. For example, the Department of Home Affairs in Krugersdorp, South Africa is assisting people over 16 years old in acquiring their smart identification cards. Some of the key players that are part of coverage are Sony, Watchdata, DataCard, Giesecke & Devrient, CardLogix, Secura Key, Oberthur, NXP, SpringCard, Gemalto, Infineon, Advanced Card Systems, Morpho, etc.
The contact segment is expected to grow at the highest due to its lower cost of contact-based cards. Whereas, on the basis of Application, the market is split into BFSI, Government and Healthcare, Transportation, Telecommunication, Retail, and Others. The telecommunication segment accounted for the maximum share in 2020, followed by payment and banking and then government and healthcare, and so on. Based on regional analysis, the Global Smart Card Market is classified into North America, Europe, Asia Pacific, and the rest, the Asia Pacific doing very well out of them.
The Global Smart Card Market report thoroughly covers the market by component, communication, application, product type, distribution channels, and regions including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa, and key countries. The Global Smart Card Market outlook report provides an unbiased and detailed analysis of the ongoing Global Smart Card Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
 Markets Covered
The market report covers the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Key Highlights of the Report |
2.2. Report Description |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Global Smart Card Market Overview |
3.1. Global Smart Card Market Revenues, 2020 & 2027F |
3.2. Global Smart Card Market - Industry Life Cycle |
3.3. Global Smart Card Market - Porter's Five Forces |
3.4. Global Smart Card Market Revenue Share, By Type, 2020 & 2027F |
3.5. Global Smart Card Market Revenue Share, By Application, 2020 & 2027F |
3.6. Global Smart Card Market Revenue Share, By Component, 2020 & 2027F |
3.7. Global Smart Card Market Revenue Share, By Regions, 2020 & 2027F |
4. Global Smart Card Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Global Smart Card Market Trends |
6. Global Smart Card Market, By Type |
6.1. Global Smart Card Market, By Type |
6.1.1. Overview and Analysis |
6.1.2. Global Smart Card Market Revenues, By Contact Card, 2017 - 2027F |
6.1.3. Global Smart Card Market Revenues, By Contactless Card, 2017 - 2027F |
6.1.4. Global Smart Card Market Revenues, By Multi-component Cards, 2017 - 2027F |
7. Global Smart Card Market, By Application |
7.1. Global Smart Card Market, By Application |
7.1.1. Overview and Analysis |
7.1.2. Global Smart Card Market Revenues, By BFSI, 2017 - 2027F |
7.1.3. Global Smart Card Market Revenues, By Telecommunication, 2017 - 2027F |
7.1.4. Global Smart Card Market Revenues, By Government, 2017 - 2027F |
7.1.5. Global Smart Card Market Revenues, By Retail, 2017 - 2027F |
7.1.6. Global Smart Card Market Revenues, By Healthcare, 2017 - 2027F |
7.1.7. Global Smart Card Market Revenues, By Hospitality, 2017 - 2027F |
7.1.8. Global Smart Card Market Revenues, By Others, 2017 - 2027F |
8. Global Smart Card Market, By Component |
8.1. Global Smart Card Market, By Component |
8.1.1. Overview and Analysis |
8.1.2. Global Smart Card Market Revenues, By Memory-based, 2017 - 2027F |
8.1.3. Global Smart Card Market Revenues, By Microcontroller-based, 2017 - 2027F |
9. Latin America Smart Card Market |
9.1. Latin America Smart Card Market, By Type |
9.2. Latin America Smart Card Market, By Application |
9.3. Latin America Smart Card Market, By Component |
9.4. Latin America Smart Card Market, By Countries |
10. North America Smart Card Market |
10.1. North America Smart Card Market, By Type |
10.2. North America Smart Card Market, By Application |
10.3. North America Smart Card Market, By Component |
10.4. North America Smart Card Market, By Countries |
11. Middle East Smart Card Market |
11.1. Middle East Smart Card Market, By Type |
11.2. Middle East Smart Card Market, By Application |
11.3. Middle East Smart Card Market, By Component |
11.4. Middle East Smart Card Market, By Countries |
12. Europe Smart Card Market |
12.1. Europe Smart Card Market, By Type |
12.2. Europe Smart Card Market, By Application |
12.3. Europe Smart Card Market, By Component |
12.4. Europe Smart Card Market, By Countries |
13. Africa Smart Card Market |
13.1. Africa Smart Card Market, By Type |
13.2. Africa Smart Card Market, By Application |
13.3. Africa Smart Card Market, By Component |
13.4. Africa Smart Card Market, By Countries |
14. Asia Pacific Smart Card Market |
14.1. Asia Pacific Smart Card Market, By Type |
14.2. Asia Pacific Smart Card Market, By Application |
14.3. Asia Pacific Smart Card Market, By Component |
14.4. Asia Pacific Smart Card Market, By Countries |
15. Global Smart Card Market Key Performance Indicators |
16. Global Smart Card Market - Opportunity Assessment |
16.1. Global Smart Card Market Opportunity Assessment, By Application, 2020 & 2027F |
16.2. Global Smart Card Market Opportunity Assessment, By Type, 2020 & 2027F |
17. Global Smart Card Market - Competitive Landscape |
17.1. Global Smart Card Market Revenue Share, By Companies, 2020 |
17.2. Global Smart Card Market Competitive Benchmarking, By Operating and Technical Parameters |
18. Company Profiles |
19. Recommendations |
20. Disclaimer |