The global contactless smart cards in banking market is expected to grow at a CAGR of 8.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing adoption of contactless cards for payments and identification purposes. Contactless cards are used for making payments without having to swipe or insert them into a card reader, which makes it easier and faster than traditional methods. This technology also eliminates the need for cashiers or customers to handle cash, which reduces the risk of theft and frauds.
RFID-based contactless smart cards are expected to dominate this market during the forecast period due to their low cost and high security features such as encryption algorithms that protect data from being accessed by unauthorized parties. RFID-based contactless smart cards are used in access control applications such as key fobs, proximity badges, and wristbands that allow authorized personnel access into restricted areas without having physical keys or tokens with them at all times. RFIC-based contactless smart cards are used in payment applications such as credit/debit card transactions where they replace magnetic stripe technology by storing information on an integrated circuit chip (IC) instead of on a magnetic stripe on plastic card surface like traditional credit/debit cards do.
- The contactless smart card is a credit card that can be used to make purchases without the need for a signature or PIN.
- Contactless cards are more secure than magnetic stripe cards because they use an encrypted chip and require a PIN to authorize transactions.
- Contactless cards are also more convenient because they allow customers to pay with one tap of their card, rather than swiping it multiple times or inserting it into a terminal's card reader slot and waiting for the transaction to process.
- The growth of this market is driven by factors such as increasing demand for convenience in payments and growing adoption of contactless payment methods.
Industry Growth Insights published a new data on “Contactless Smart Cards in Banking Market”. The research report is titled “Contactless Smart Cards in Banking Market research by Types (RFID, RFIC), By Applications (Access Control, Payment, Identification, Others), By Players/Companies Gemalto, Giesecke & Devrient, Oberthur Technologies, Safran, Watchdata, Morpho, Sony, Infineon Technologies, NXP Semiconductors, CardLogix, Advanced Card Systems, SpringCard, Secura Key, DataCard”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Contactless Smart Cards in Banking Market Research Report
By Type
RFID, RFIC
By Application
Access Control, Payment, Identification, Others
By Companies
Gemalto, Giesecke & Devrient, Oberthur Technologies, Safran, Watchdata, Morpho, Sony, Infineon Technologies, NXP Semiconductors, CardLogix, Advanced Card Systems, SpringCard, Secura Key, DataCard
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Contactless Smart Cards in Banking Market Report Segments:
The global Contactless Smart Cards in Banking market is segmented on the basis of:
Types
RFID, RFIC
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Access Control, Payment, Identification, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Gemalto
- Giesecke & Devrient
- Oberthur Technologies
- Safran
- Watchdata
- Morpho
- Sony
- Infineon Technologies
- NXP Semiconductors
- CardLogix
- Advanced Card Systems
- SpringCard
- Secura Key
- DataCard
Highlights of The Contactless Smart Cards in Banking Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- RFID
- RFIC
- By Application:
- Access Control
- Payment
- Identification
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Contactless Smart Cards in Banking Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Contactless smart cards are a type of electronic payment card that uses radio-frequency identification (RFID) technology to allow customers to make payments without having to enter their PINs. Contactless smart cards can be used in place of traditional debit and credit cards at merchants that have adopted the technology.
Some of the major players in the contactless smart cards in banking market are Gemalto, Giesecke & Devrient, Oberthur Technologies, Safran, Watchdata, Morpho, Sony, Infineon Technologies, NXP Semiconductors, CardLogix, Advanced Card Systems, SpringCard, Secura Key, DataCard.
The contactless smart cards in banking market is expected to grow at a compound annual growth rate of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Contactless Smart Cards in Banking Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Contactless Smart Cards in Banking Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Contactless Smart Cards in Banking Market - Supply Chain
4.5. Global Contactless Smart Cards in Banking Market Forecast
4.5.1. Contactless Smart Cards in Banking Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Contactless Smart Cards in Banking Market Size (000 Units) and Y-o-Y Growth
4.5.3. Contactless Smart Cards in Banking Market Absolute $ Opportunity
5. Global Contactless Smart Cards in Banking Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Contactless Smart Cards in Banking Market Size and Volume Forecast by Type
5.3.1. RFID
5.3.2. RFIC
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Contactless Smart Cards in Banking Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Contactless Smart Cards in Banking Market Size and Volume Forecast by Application
6.3.1. Access Control
6.3.2. Payment
6.3.3. Identification
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Contactless Smart Cards in Banking Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Contactless Smart Cards in Banking Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Contactless Smart Cards in Banking Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Contactless Smart Cards in Banking Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Contactless Smart Cards in Banking Demand Share Forecast, 2019-2029
9. North America Contactless Smart Cards in Banking Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Contactless Smart Cards in Banking Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Contactless Smart Cards in Banking Market Size and Volume Forecast by Application
9.4.1. Access Control
9.4.2. Payment
9.4.3. Identification
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Contactless Smart Cards in Banking Market Size and Volume Forecast by Type
9.7.1. RFID
9.7.2. RFIC
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Contactless Smart Cards in Banking Demand Share Forecast, 2019-2029
10. Latin America Contactless Smart Cards in Banking Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Contactless Smart Cards in Banking Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Contactless Smart Cards in Banking Market Size and Volume Forecast by Application
10.4.1. Access Control
10.4.2. Payment
10.4.3. Identification
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Contactless Smart Cards in Banking Market Size and Volume Forecast by Type
10.7.1. RFID
10.7.2. RFIC
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Contactless Smart Cards in Banking Demand Share Forecast, 2019-2029
11. Europe Contactless Smart Cards in Banking Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Contactless Smart Cards in Banking Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Contactless Smart Cards in Banking Market Size and Volume Forecast by Application
11.4.1. Access Control
11.4.2. Payment
11.4.3. Identification
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Contactless Smart Cards in Banking Market Size and Volume Forecast by Type
11.7.1. RFID
11.7.2. FIC
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Contactless Smart Cards in Banking Demand Share, 2019-2029
12. Asia Pacific Contactless Smart Cards in Banking Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Contactless Smart Cards in Banking Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Contactless Smart Cards in Banking Market Size and Volume Forecast by Application
12.4.1. Access Control
12.4.2. Payment
12.4.3. Identification
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Contactless Smart Cards in Banking Market Size and Volume Forecast by Type
12.7.1. RFID
12.7.2. RFIC
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Contactless Smart Cards in Banking Demand Share, 2019-2029
13. Middle East & Africa Contactless Smart Cards in Banking Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Contactless Smart Cards in Banking Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Contactless Smart Cards in Banking Market Size and Volume Forecast by Application
13.4.1. Access Control
13.4.2. Payment
13.4.3. Identification
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Contactless Smart Cards in Banking Market Size and Volume Forecast by Type
13.7.1. RFID
13.7.2. RFIC
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Contactless Smart Cards in Banking Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Contactless Smart Cards in Banking Market: Market Share Analysis
14.2. Contactless Smart Cards in Banking Distributors and Customers
14.3. Contactless Smart Cards in Banking Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Gemalto
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Giesecke & Devrient
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Oberthur Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Safran
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Watchdata
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Morpho
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sony
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Infineon Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. NXP Semiconductors
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CardLogix
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Advanced Card Systems
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. SpringCard
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Secura Key
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. DataCard
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
