Smart Card Market

“Smart Card Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027”  provides a deep and thorough evaluation of the global smart card market. A smart card is made of metal or plastic that is embedded with an integrated circuit chip and microprocessor to exchange, store and manipulate data. It uses radio frequency identification (RFID) technology to communicate with the reader. This card is generally tamper-resistant as it uses an encryption algorithm to safeguard the stored information.

The global market is primarily driven by continual technological advancement in the banking, financial services and insurance (BFSI) sector. Along with this, the widespread preference for digital payments across the globe is creating a positive outlook for the market. Moreover, the rising incidences of security theft across numerous sectors and extensive research and development (R&D) activities conducted by key players are contributing to the market growth further.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the smart card market and can also impact its future growth. Taking 2021 as the base year, the report covers the historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the smart card market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the smart card market in detail for the latest trends, outlook and opportunities.

The report analyses the competitive structure of the smart card Industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the smart card Industry along the parameters of Porter’s Five Forces model. This model examines the degree of competition in the smart card Industry by analysing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities and threats pertaining to the smart card Industry. Furthermore, the value chain analysis of the smart card Industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Segmentation by Components:

•  Microcontroller Cards
•  Memory Cards

Segmentation by Applications:

• Transportation Sector
• Telecommunication Sector
• Government Sector
• Others

Segmentation by Types:

• Contact Smart Card
• Contactless Smart Card
• Hybrid Smart Card
• Dual-interface Smart Card
• Other Types

Segmentation by Region:

• Asia-Pacific
• Europe
• Latin America
• North America
• Middle East & Africa

Competitive Landscape:

• ARM HOLDINGS PLC
• ATMEL CORP
• DATACARD CORP
• DIEBOLD INC
• GEMALTO NV

The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the smart card industry along the parameters of the porter’s five forces model. This model examines the degree of competition in the smart card industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. Swot analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the smart card industry. Furthermore, the value chain analysis of the smart card industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

Highlights of The Smart Card Market

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the smart card industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.