Market Overview:
The global contactless smart cards market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for contactless payment and transit applications, rising adoption of NFC-enabled devices, and growing government initiatives for contactless identification cards. Based on type, the RFID segment is expected to account for the largest share of the global contactless smart cards market in 2018. This can be attributed to its growing popularity among retail businesses for tracking inventory and preventing theft. The RFIC segment is projected to grow at the highest CAGR during the forecast period owing to its increasing demand from automotive manufacturers for advanced driver assistance systems (ADAS). Based on application, payment is estimated to account for the largest share of the global contactless smart cards market in 2018.
Product Definition:
A contactless smart card is a plastic credit-card size card that contains an embedded chip and antenna. The chip communicates with a contactless reader, which is typically part of an electronic device such as a point-of-sale terminal, ticket validator, or automated teller machine. When the cardholder holds the card within close proximity to the reader (usually within four inches), it wirelessly transmits data to and from the chip.
RFID:
Radio-frequency identification (RFID) is an electronic device or a group of devices used to create and use radio frequencies to transfer data from a tag, antenna, or wirelessly powered label. It is one of the most prominent technologies that are used in contactless smart cards for transportation, healthcare & medical applications such as patient tracking and staff monitoring. The technology uses electromagnetic fields for communication which tags attached with specific information absorb and reflect back when they come in contact with an RFID reader.
RFIC:
Radio-frequency identification (RFID) is a technology that involves the use of electromagnetic radio waves for contactless communication between an RFIC (Radio-frequency Identification Circuit) and an antenna. The primary applications of RFID include warehouse management, inventory control, palletizing and tracking products in retail stores, security systems including access control to buildings or regions as well as transportation management.
Application Insights:
The payment application segment dominated the global market in 2017. Contactless smart cards are widely used for payment applications such as mobile payments, e-wallets, and store credits. The growing adoption of these cards for online and offline transactions offers a cost-effective and secure solution while boosting business growth across the globe.
The access control application segment is expected to grow at a significant rate over the forecast period owing to its rising adoption in building access management systems among other uses such as time attendance or tracking assets. These solutions help reduce costs associated with conventional security systems by enabling easy identification of visitors through their RFID technology while providing more flexibility regarding access control settings.
Regional Analysis:
North America is expected to be the key regional market over the forecast period owing to various government initiatives and increasing penetration of contactless smart cards in payment applications. The U.S. is one of the major countries that have adopted RFID technology for supply chain management, access control, and identification purposes at a domestic level; however, there is a significant lack of regulations regarding its use for commercial applications which has led to non-adoption by some companies within this region.
The Asia Pacific region accounted for more than 30% share in 2016 owing to increased adoption by governments as well as other public sector entities such as education institutes.
Growth Factors:
- Increasing demand for contactless smart cards from the transportation sector as a result of government initiatives to promote the use of such cards for fare payments.
- Proliferation of NFC-enabled smartphones and other mobile devices, which is aiding the growth of the contactless smart card market.
- Rising demand for secure and convenient payment methods, especially in developing countries.
- Growing popularity of loyalty programs among consumers, which is benefiting the growth prospects of contactless smart cards market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Contactless Smart Cards Market Research Report
By Type
RFID, RFIC, RFCPU
By Application
Access Control, Payment, Transit, Government ID, 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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Contactless Smart Cards Market Report Segments:
The global Contactless Smart Cards market is segmented on the basis of:
Types
RFID, RFIC, RFCPU
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, Transit, Government ID, 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 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
- RFCPU
- By Application:
- Access Control
- Payment
- Transit
- Government ID
- 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 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 card that uses radio frequency identification (RFID) technology to store information. When the card is used in contactless mode, it automatically communicates with nearby RFID readers to allow users to access their funds or other stored information.
Some of the key players operating in the contactless smart cards 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 market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Contactless Smart Cards 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 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 Market - Supply Chain
4.5. Global Contactless Smart Cards Market Forecast
4.5.1. Contactless Smart Cards Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Contactless Smart Cards Market Size (000 Units) and Y-o-Y Growth
4.5.3. Contactless Smart Cards Market Absolute $ Opportunity
5. Global Contactless Smart Cards 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 Market Size and Volume Forecast by Type
5.3.1. RFID
5.3.2. RFIC
5.3.3. RFCPU
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Contactless Smart Cards 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 Market Size and Volume Forecast by Application
6.3.1. Access Control
6.3.2. Payment
6.3.3. Transit
6.3.4. Government ID
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Contactless Smart Cards 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 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 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 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 Demand Share Forecast, 2019-2029
9. North America Contactless Smart Cards 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 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 Market Size and Volume Forecast by Application
9.4.1. Access Control
9.4.2. Payment
9.4.3. Transit
9.4.4. Government ID
9.4.5. 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 Market Size and Volume Forecast by Type
9.7.1. RFID
9.7.2. RFIC
9.7.3. RFCPU
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 Demand Share Forecast, 2019-2029
10. Latin America Contactless Smart Cards 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 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 Market Size and Volume Forecast by Application
10.4.1. Access Control
10.4.2. Payment
10.4.3. Transit
10.4.4. Government ID
10.4.5. 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 Market Size and Volume Forecast by Type
10.7.1. RFID
10.7.2. RFIC
10.7.3. RFCPU
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 Demand Share Forecast, 2019-2029
11. Europe Contactless Smart Cards 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 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 Market Size and Volume Forecast by Application
11.4.1. Access Control
11.4.2. Payment
11.4.3. Transit
11.4.4. Government ID
11.4.5. 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 Market Size and Volume Forecast by Type
11.7.1. RFID
11.7.2. RFIC
11.7.3. RFCPU
11.8. Basis Point Share (BPS) Analysis byType
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 Demand Share, 2019-2029
12. Asia Pacific Contactless Smart Cards 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 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 Market Size and Volume Forecast by Application
12.4.1. Access Control
12.4.2. Payment
12.4.3. Transit
12.4.4. Government ID
12.4.5. 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 Market Size and Volume Forecast by Type
12.7.1. RFID
12.7.2. RFIC
12.7.3. RFCPU
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 Demand Share, 2019-2029
13. Middle East & Africa Contactless Smart Cards 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 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 Market Size and Volume Forecast by Application
13.4.1. Access Control
13.4.2. Payment
13.4.3. Transit
13.4.4. Government ID
13.4.5. 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 Market Size and Volume Forecast by Type
13.7.1. RFID
13.7.2. RFIC
13.7.3. RFCPU
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 Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Contactless Smart Cards Market: Market Share Analysis
14.2. Contactless Smart Cards Distributors and Customers
14.3. Contactless Smart Cards 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
