Smart Cards Market Research Report – Forecast to 2027

Smart Cards Market Research Report: By Type (Contact, Contactless, Hybrid, Dual-interface), By Component (Hardware, Smart Cards, Readers, Software, Services) and By Application (Government, Healthcare, BFSI, Retail, Transportation, Education, Entertainment, Enterprises) – Forecast to 2027

ID: MRFR/SEM/5037-HCR | October 2018 | Region: Global | 100 pages

Smart Cards Market Snenario


The application area of integrated circuit technology has advanced from electronic devices to compact cards that can accumulate and retrieve important information using computer systems. Smart cards are pocket-sized cards embedded with integrated circuit chip and majorly used for authentication, application processing, personal identification, and data storage. Currently, the smart cards market is anticipated to expand at a significant growth rate in the forthcoming years. The widespread application of smart cards in retail, healthcare, hospitality and government sector are majorly driving the smart cards market. The conversion of conventional debit and credit cards into smart cards have made payment options and financial transactions easier and more convenient for users. Increasing adoption of smart cards in government IDs (e-passports) and also to manage and maintain the credentials of the users as well as extensive use of smart cards in subscriber identification module (SIM) cards in the telecommunication sector are some other factors that are propelling the growth of the smart cards market.


Report Overview


This MRFR report delivers an unbiased analysis of key market trends in the smart cards market.  It includes a detailed discussion on current market status, historical trends, challenges and growth opportunities backed by fact-based feedbacks. The primary types of smart cards that have been assessed in the report include contact, contactless, hybrid and dual-interface smart cards. The components that are covered in the smart cards market report are hardware, smart cards, readers, software, services and others. For the analysis of growth opportunities, the application areas that are covered in the smart cards market report are healthcare, government, BSFI, retail, transportation and others. All the sub-markets that are included in the smart card market report are profiled under four major regions such as Europe, Asia Pacific, North America and the rest of the world with respective country-level analysis.


Report Coverage


The report on smart cards market covers current market dynamics, historical market trends, market valuation on the basis of segmental as well as regional analysis, key players' market share analysis, competitive landscape, the country-level breakdown for each market segment and supply chain analysis.


Companies Covered


The Prominent Key Players in smart card market are: Rambus Inc. (the U.S.), CardLogix Corporation (the U.S.), CPI Card Group Inc. (the U.S.), Identiv, Inc. (the U.S.), VeriFone Systems, Inc. (the U.S.), Gemalto N.V. (Netherlands), Giesecke & Devrient GmbH (Germany), IDEMIA France SAS (France), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherlands), HID Global Corporation (Sweden), STMicroelectronics NV (Switzerland), ZWIPE (Norway), Versasec AB (Sweden), Ingenico Group SA (France), Beijing Watchdata Co. Ltd. (China), , KONA I Co., Ltd. (South Korea), VALID (Brazil), Fingerprint Cards AB (Sweden), BrilliantTS Co. Ltd. (South Korea), Bitel Co. Ltd. (South Korea), Fujian Newland Computer Co., Ltd. (China), Sony Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), and PAX Global Technology Ltd. (Hong Kong).


Report Methodology


MRFR leverages its vast industry expertise for the deliverance of qualitative and quantitative analysis of current market trends, opportunities and challenges in the market. MRFR's proven research algorithms aids in comparative assessment of fundamental market divergences to provide highly accurate view of market. The combination of primary and secondary research methods ensures objectivity and rich quality of market insights. The collection of primary data is carried out by conducting surveys and first-hand interviews with key opinion makers across the value chain. Secondary research process verifies the authenticity and accuracy of primary data through inputs from SEC filings, white paper references, research publications, paid databases and other credible sources available in public domain. The collaborative top-down and bottom-up approaches combined with strong data triangulation method are utilized for multi-layered verification of collected data which assists business organizations in making impactful business decisions.


Segmental Analysis


For the scope of research, MRFR’s report offers a comprehensive segmental analysis of the smart card market.


Smart Cards Market By Type



  • Contact

  • Contactless

  • Hybrid

  • Dual-interface


Smart Cards Market By Component



  • Hardware

  • Smart Cards

  • Readers

  • Software

  • Services


Smart Cards Market By Application



  • Government

  • Healthcare

  • BFSI

  • Retail

  • Transportation

  • Education

  • Entertainment

  • Enterprises


Smart Cards Market By Region



  • North America

  • Europe

  • Asia Pacific (APAC)

  • Rest of the World (RoW)



Report Scope:
Report Attribute/Metric Details
  Market Size   Significant Value
  CAGR   Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Component, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Rambus Inc. (the U.S.), CardLogix Corporation (the U.S.), CPI Card Group Inc. (the U.S.), Identiv, Inc. (the U.S.), VeriFone Systems, Inc. (the U.S.), Gemalto N.V. (Netherlands), Giesecke & Devrient GmbH (Germany), IDEMIA France SAS (France), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherlands), HID Global Corporation (Sweden), STMicroelectronics NV (Switzerland), ZWIPE (Norway), Versasec AB (Sweden), Ingenico Group SA (France), Beijing Watchdata Co. Ltd. (China), , KONA I Co., Ltd. (South Korea), VALID (Brazil), Fingerprint Cards AB (Sweden), BrilliantTS Co. Ltd. (South Korea), Bitel Co. Ltd. (South Korea), Fujian Newland Computer Co., Ltd. (China), Sony Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), and PAX Global Technology Ltd. (Hong Kong)
  Key Market Opportunities   Availability of hybrid smart cards.
  Key Market Drivers

  • The widespread application of smart cards in retail, healthcare, hospitality and government sector.
  • Increasing adoption of smart cards in government IDs (e-passports).


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    Frequently Asked Questions (FAQ) :


    A smart card, simply put, is a pocket-sized card that is embedded with an integrated circuit chip and has wide applications in data storage, personal identification, application processing, and authentication.

    A smart card has wide applications in enterprises, entertainment, education, transportation, retail, BFSI, healthcare, and government.

    North America will lead the global smart cards market.

    Increasing use in mobile phones and increasing use of smart cards are the key factors driving the global smart cards market growth.

    Key contenders profiled in the global smart cards market include BrilliantTS Co. Ltd. (South Korea), PAX Global Technology Ltd. (Hong Kong), Rambus Inc. (the U.S.), STMicroelectronics NV (Switzerland), IDEMIA France SAS (France), VALID (Brazil), KONA I Co., Ltd. (South Korea), Fingerprint Cards AB (Sweden), HID Global Corporation (Sweden), Identiv, Inc. (the U.S.), Ingenico Group SA (France), Beijing Watchdata Co. Ltd. (China), Bitel Co. Ltd. (South Korea), VeriFone Systems, Inc. (the U.S.), NXP Semiconductors N.V. (Netherlands), Giesecke & Devrient GmbH (Germany), Sony Corporation (Japan), ZWIPE (Norway), CardLogix Corporation (the U.S.), Samsung Electronics Co., Ltd. (South Korea), Fujian Newland Computer Co., Ltd. (China), Versasec AB (Sweden), CPI Card Group Inc. (the U.S.), Infineon Technologies AG (Germany), and Gemalto N.V. (Netherlands).