This study analyzes the total global smart cards market. Demand for contactless smart cards, issuing of more number of Europay MasterCard Visa (EMV) credit and debit cards, government national ID programs, and increased adoption of SIM cards are key market drivers. The market is in a matured stage and will witness slow, yet steady growth worldwide. The key growth region will be Asia-Pacific (APAC). APAC, with its high population and emerging economies, will continue to adopt a high volume of smart cards across different verticals. The total market revenue in 2018 was $8.17 billion, which is expected to grow at a CAGR of 3.0% between 2018 and 2025.
This study focuses on the trends, challenges, and factors driving market growth. Also included are the products’ revenue and units forecast, region-wise breakdown, and global competitive analysis. A list of key market participants and their respective market shares have been included. The leading participants dominate the market and have the most influence on market performance, technology innovation, pricing, and product features.
The key product segments covered in the study include contact cards, contactless cards, hybrid cards, and dual-interface cards. The global revenue and unit shipment are provided for contact cards, contactless cards, hybrid cards, and dual-interface cards. The global revenue forecast and unit shipment forecast are also provided for contact cards, contactless cards, hybrid cards, and dual-interface cards. The vertical markets covered are banking and financial services, government, SIM cards, transportation, and physical and logical access.
All 5 vertical markets are discussed separately; each chapter contains detailed analysis, forecasting, and discussion on vertical market revenue growth and forecast, vertical market unit shipment growth and forecast, regional breakdown of vertical markets by revenue and unit shipment, and regional forecast of vertical market by revenue and unit shipment.
A list of market participants that operate worldwide is provided in the study. The study also discusses the Mega Trends that will impact the smart cards market.
This research service provides the necessary business intelligence to accelerate growth in a fast-paced market.
Key issues addressed
- Is the market growing, how long will it continue to grow, and at what rate?
- What are the key geographies and segments that will grow at a fast rate?
- What are the applications that offer high growth opportunities?
- What are the vertical markets that have high demands and offer high growth opportunities?
- What are the emerging market trends? Which are the leading vendors and what is the competitive landscape?