Smart Cards Market Demand Analysis, Statistics, Trends and Investment Opportunities to 2027

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The global Smart Cards market study encloses the projection size of the market both in terms of value (Mn/Bn US$) and volume (x units). With bottom-up and top-down approaches, the report predicts the viewpoint of various domestic vendors in the whole market and offers the market size of the Smart Cards market. The analysts of the report have performed in-depth primary and secondary research to analyze the key players and their market share. Further, different trusted sources were roped in to gather numbers, subdivisions, revenue and shares.

The research study encompasses fundamental points of the global Smart Cards market, from future prospects to the competitive scenario, extensively. The DROT and Porter’s Five Forces analyses provides a deep explanation of the factors affecting the growth of Smart Cards market. The Smart Cards market has been broken down into various segments, regions, end-uses and players to provide a clear picture of the present market situation to the readers. In addition, the macro- and microeconomic aspects are also included in the research.

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segmented as follows:

  • By Type
  • By Component
  • By End Use
  • By Access Type

On the basis of type, the market is segmented into:

  • Contact Card
  • Contactless Card
  • Dual Card
  • Hybrid Card

The contact card segment accounted for highest revenue share of 64.0% in the overall smart card market in 2015 in terms of revenue, followed by the contactless card segment with 19.4%.

The next segment encompasses the analysis of the global smart card market on the basis of component and presents the market size in terms of value and volume for the forecast period.

On the basis of the component, the market is segmented into:

  • Micro- Controller Card
  • Memory Card

The micro- controller card segment is expected to expand at the highest CAGR of 8.8% in terms of value during the forecast period. In terms of revenue contribution share, the micro- controller card segment accounted for 71.3% of the overall market in 2015 and is expected to sustain its domination during the forecast years.

The end use segment analyzes the market on the basis of smart card end use applications and presents market size in terms of value and volume for the forecast period.

On the basis of the end use, the market is segmented into:

  • Government
  • Healthcare
  • Transportation
  • Telecommunication
  • Financial Services, Retail and Loyalty
  • Entertainment
  • Energy and Utility

The telecommunication segment is expected to expand at the highest CAGR of 9.7% in terms of value during the forecast period. The telecommunication revenue contribution was 48.7% of the total global smart card revenue in 2015 and the segment is expected to sustain its dominance over the forecast years. Revenue from financial service, retail and loyalty segment is expected to expand at a CAGR 7.2% over the forecast years. The segment is expected to contribute 18.5% in terms of revenue by 2024 end to the global smart card market.

The section that follows analyzes the market on the basis of region and presents market size in terms of value and volume for the forecast period.

Regions covered in the report are as follows:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The report also includes market share of leading players in Europe, the U.K., Spain, France, Italy, Austria, Germany, and the U.S. on the basis of card type and end use application. The key players profiled in the report include NXP Semiconductors N.V., Infineon Technologies AG, Gemalto N.V., Insidesecure SA, CPI Card Group Inc., Morpho SA, Oberthur Technologies, Giesecke, and Devrient GmbH Watchdata Technologies among others.

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The Smart Cards market research covers an exhaustive analysis of the following data:

  • Historical and future growth of the global Smart Cards market.
  • Segmentation of the Smart Cards market to highlight the growth prospects and trends impacting these segments.
  • Changing consumption behavior of customers across various regions.
  • Regional analysis on the basis of market share, growth outlook, and key countries.
  • Agreements, product launches, acquisitions, and R&D projects of different Smart Cards market players.

The Smart Cards market research addresses critical questions, such as

  1. Why is region surpassing region in terms of value by the end of 2029?
  2. How are the consumers using Smart Cards for various purposes?
  3. Which players are entering into collaborations in the market of the Smart Cards ?
  4. At what rate has the global Smart Cards market been growing throughout the historic period 2014-2018?
  5. In terms of value, which segment holds the largest share?

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The global Smart Cards market research considers region 1 (Country 1, country 2), region 2 (Country 1, country 2) and region 3 (Country 1, country 2) as the important segments. All the recent trends, such as changing consumers’ demand, ecological conservation, and regulatory standards across different regions are covered in the report.