Market Overview:
The global contactless IC cards market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for contactless payment solutions and rising adoption of contactless cards by consumers and businesses alike. In terms of type, the memory card segment is expected to lead the global contactless IC cards market during the forecast period, owing to its high capacity and low power consumption as compared to microprocessor cards. By application, finance is expected to be the largest segment in terms of revenue contribution in 2018, followed by government & public utilities and transportation segments.
Product Definition:
A contactless IC card is a type of smart card that does not require physical contact with a reader in order to communicate. This type of smart card is often used for transit purposes, as it allows the user to simply hold the card near a scanner in order to complete their transaction. Contactless IC cards are also commonly used in conjunction with RFID technology, which allows for even more streamlined transactions. The importance of contactless IC cards lies in their convenience and efficiency – by removing the need for direct physical interaction, users can speed up their transactions and save time.
Memory Cards:
Memory cards are small-sized storage media used for storing digital information. They are widely used in mobile phones, cameras, and other devices. The primary function of a memory card is to allow the user to store images, documents, and other files which can be accessed later using the device with which it is associated.
The global memory card market size was valued at USD 14 billion in 2014.
Microprocessor Cards:
Microprocessor cards are used in contactless IC cards for processing and storing information. They help in enhancing the speed of transaction at a Point Of Sale (POS) machine by reducing the time required to complete a sale procedure. The microprocessor card is installed inside an IC card along with an antenna that helps in making wireless transactions.
The global market for microprocessor cards is expected to witness significant growth over the forecast period owing to increasing demand from banks, financial institutions,.
Application Insights:
The contactless payment cards are widely used in transportation and public utility applications. The increasing use of the cards in these applications on account of growing adoption among consumers, businesses, and institutions is expected to drive the global market over the forecast period.
The contactless payment system has gained widespread acceptance in various public utility applications such as transit systems, parking meters, turnstiles at sports stadiums and arenas, CCTVs (Closed Circuit Television), access control systems etc. owing to its convenience along with ease of use and low cost compared to inserting cash or tokens into vending machines or ticketing machines. Moreover, a number of governments have launched initiatives for expanding the scope for application usage across a wide range of public utilities such as metros & railways transport services within their cities/towns etc., which is further anticipated to propel growth over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The growth of contactless IC cards is attributed to various factors such as increasing adoption of mobile payments, presence of major players in the region and growing demand for smart card solutions. Asia Pacific is expected to be the fastest-growing regional market from 2018 to 2030 owing to rapid developments taking place in payment technologies and increasing government initiatives for implementation of digital payment systems across various countries. Moreover, rising number of retail outlets, coupled with growing consumer spending on electronic devices such as smartphones and laptops, will drive growth over the forecast period. Furthermore, increased use cases for contactless IC cards are also driving industry expansion over this region.
Growth Factors:
- Increasing demand for contactless payments: The global contactless payments market is expected to grow at a CAGR of over 31% during the forecast period. This is primarily owing to the increasing adoption of contactless cards and mobile wallets for making payments.
- Proliferation of NFC-enabled devices: The proliferation of NFC-enabled devices, such as smartphones and tablets, is aiding the growth of the contactless IC cards market.
- Rising security concerns among consumers: One of the key drivers for the growth of this market is rising security concerns among consumers, which has led to an increase in demand for secure payment solutions, such as contactless IC cards.
- Growing number of transit applications: The growing number of transit applications across different geographies is also propelling the growth prospects for this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Contactless IC Cards Market Research Report
By Type
Memory Cards, Microprocessor Cards
By Application
Finance, Government & Public Utilities, Transportation, Others
By Companies
Gemalto, Oberthur Technologies, Giesecke & Devrient, Goldpac, Eastcompeace, CPI Card Group, Hengbao, VALID, Wuhan Tianyu, Watchdata SystemsCo. Ltd, Datang, Kona I
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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Contactless IC Cards Market Report Segments:
The global Contactless IC Cards market is segmented on the basis of:
Types
Memory Cards, Microprocessor Cards
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
Finance, Government & Public Utilities, Transportation, 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
- Oberthur Technologies
- Giesecke & Devrient
- Goldpac
- Eastcompeace
- CPI Card Group
- Hengbao
- VALID
- Wuhan Tianyu
- Watchdata SystemsCo. Ltd
- Datang
- Kona I
Highlights of The Contactless IC 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:
- Memory Cards
- Microprocessor Cards
- By Application:
- Finance
- Government & Public Utilities
- Transportation
- 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 IC 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 IC cards are a type of electronic payment card that uses radio waves to make payments instead of contact. This technology is often used in place of traditional plastic cards, which can be difficult to use in some situations. Contactless IC cards work by reading a special code that's embedded on the card when it's near a contactless reader.
Some of the major players in the contactless ic cards market are Gemalto, Oberthur Technologies, Giesecke & Devrient, Goldpac, Eastcompeace, CPI Card Group, Hengbao, VALID, Wuhan Tianyu, Watchdata SystemsCo. Ltd, Datang, Kona I.
The contactless ic cards market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Contactless IC Cards Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Contactless IC Cards Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Contactless IC Cards Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Contactless IC Cards Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Contactless IC Cards Market Size & Forecast, 2020-2028
4.5.1 Contactless IC Cards Market Size and Y-o-Y Growth
4.5.2 Contactless IC Cards Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Memory Cards
5.2.2 Microprocessor Cards
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Finance
6.2.2 Government & Public Utilities
6.2.3 Transportation
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Contactless IC Cards Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Contactless IC Cards Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Memory Cards
9.6.2 Microprocessor Cards
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Finance
9.10.2 Government & Public Utilities
9.10.3 Transportation
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Memory Cards
10.6.2 Microprocessor Cards
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Finance
10.10.2 Government & Public Utilities
10.10.3 Transportation
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Memory Cards
11.6.2 Microprocessor Cards
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Finance
11.10.2 Government & Public Utilities
11.10.3 Transportation
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Memory Cards
12.6.2 Microprocessor Cards
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Finance
12.10.2 Government & Public Utilities
12.10.3 Transportation
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Memory Cards
13.6.2 Microprocessor Cards
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Finance
13.10.2 Government & Public Utilities
13.10.3 Transportation
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Contactless IC Cards Market: Competitive Dashboard
14.2 Global Contactless IC Cards Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gemalto
14.3.2 Oberthur Technologies
14.3.3 Giesecke & Devrient
14.3.4 Goldpac
14.3.5 Eastcompeace
14.3.6 CPI Card Group
14.3.7 Hengbao
14.3.8 VALID
14.3.9 Wuhan Tianyu
14.3.10 Watchdata SystemsCo. Ltd
14.3.11 Datang
14.3.12 Kona I
