| Product Code: ETC5119705 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium continued to be a key importer of EMV smart cards, with top exporting countries including the Netherlands, Metropolitan France, Germany, China, and Taiwan. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry saw a healthy compound annual growth rate (CAGR) of 7.46% from 2020 to 2024. However, there was a notable decline in growth rate from 2023 to 2024, showing a challenging year for the market. Monitoring market dynamics and exploring strategies to stimulate growth will be crucial for stakeholders in the Belgium EMV smart card import market.

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 Belgium EMV Smart Cards Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium EMV Smart Cards Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium EMV Smart Cards Market - Industry Life Cycle |
3.4 Belgium EMV Smart Cards Market - Porter's Five Forces |
3.5 Belgium EMV Smart Cards Market Revenues & Volume Share, By Contact Form, 2021 & 2031F |
3.6 Belgium EMV Smart Cards Market Revenues & Volume Share, By Fuel Card, 2021 & 2031F |
3.7 Belgium EMV Smart Cards Market Revenues & Volume Share, By BFSI, 2021 & 2031F |
3.8 Belgium EMV Smart Cards Market Revenues & Volume Share, By Wholesaler, 2021 & 2031F |
4 Belgium EMV Smart Cards Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of contactless payment methods in Belgium |
4.2.2 Stringent regulations mandating the use of EMV smart cards for secure transactions |
4.2.3 Technological advancements leading to more secure and efficient EMV smart card solutions |
4.3 Market Restraints |
4.3.1 High initial implementation costs for businesses to adopt EMV smart card technology |
4.3.2 Resistance to change from traditional payment methods among consumers in Belgium |
5 Belgium EMV Smart Cards Market Trends |
6 Belgium EMV Smart Cards Market Segmentations |
6.1 Belgium EMV Smart Cards Market, By Contact Form |
6.1.1 Overview and Analysis |
6.1.2 Belgium EMV Smart Cards Market Revenues & Volume, By Contactless Form, 2021-2031F |
6.2 Belgium EMV Smart Cards Market, By Fuel Card |
6.2.1 Overview and Analysis |
6.2.2 Belgium EMV Smart Cards Market Revenues & Volume, By Retail Store Card, 2021-2031F |
6.2.3 Belgium EMV Smart Cards Market Revenues & Volume, By Meal Voucher Card, 2021-2031F |
6.2.4 Belgium EMV Smart Cards Market Revenues & Volume, By Others, 2021-2031F |
6.3 Belgium EMV Smart Cards Market, By BFSI |
6.3.1 Overview and Analysis |
6.3.2 Belgium EMV Smart Cards Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.3 Belgium EMV Smart Cards Market Revenues & Volume, By Retail, 2021-2031F |
6.3.4 Belgium EMV Smart Cards Market Revenues & Volume, By IT & Telecommunication, 2021-2031F |
6.3.5 Belgium EMV Smart Cards Market Revenues & Volume, By Travel & Hospitality, 2021-2031F |
6.3.6 Belgium EMV Smart Cards Market Revenues & Volume, By Transportation & Logistics, 2021-2031F |
6.3.7 Belgium EMV Smart Cards Market Revenues & Volume, By Media & Entertainment, 2021-2031F |
6.3.8 Belgium EMV Smart Cards Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Belgium EMV Smart Cards Market Revenues & Volume, By Others, 2021-2031F |
6.4 Belgium EMV Smart Cards Market, By Wholesaler |
6.4.1 Overview and Analysis |
6.4.2 Belgium EMV Smart Cards Market Revenues & Volume, By Retail Brokers, 2021-2031F |
6.4.3 Belgium EMV Smart Cards Market Revenues & Volume, By Others, 2021-2031F |
7 Belgium EMV Smart Cards Market Import-Export Trade Statistics |
7.1 Belgium EMV Smart Cards Market Export to Major Countries |
7.2 Belgium EMV Smart Cards Market Imports from Major Countries |
8 Belgium EMV Smart Cards Market Key Performance Indicators |
8.1 Average transaction speed with EMV smart cards |
8.2 Number of fraud incidents prevented by EMV smart cards |
8.3 Percentage increase in EMV smart card usage across different industries |
8.4 Rate of adoption of EMV smart card technology by small and medium-sized enterprises |
9 Belgium EMV Smart Cards Market - Opportunity Assessment |
9.1 Belgium EMV Smart Cards Market Opportunity Assessment, By Contact Form, 2021 & 2031F |
9.2 Belgium EMV Smart Cards Market Opportunity Assessment, By Fuel Card, 2021 & 2031F |
9.3 Belgium EMV Smart Cards Market Opportunity Assessment, By BFSI, 2021 & 2031F |
9.4 Belgium EMV Smart Cards Market Opportunity Assessment, By Wholesaler, 2021 & 2031F |
10 Belgium EMV Smart Cards Market - Competitive Landscape |
10.1 Belgium EMV Smart Cards Market Revenue Share, By Companies, 2024 |
10.2 Belgium EMV Smart Cards Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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