Market Overview:
The global dual interface smart card market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for dual interface smart cards from various applications such as finance, government and public utilities, transportation, and others. Dual interface smart cards are also being increasingly used in contactless payments owing to their high security features. In addition, the growing adoption of digitalization across various industries is also contributing to the growth of the global dual interface smart card market. However, lack of standardization across different regions is restraining the growth of this market.
Product Definition:
A dual interface smart card has both contact and contactless interfaces. This allows the card to be used in traditional card readers, as well as newer contactless readers. This is important because it gives the user more flexibility in how they use their card.
Plastic Type Dual Interface Smart Card:
Plastic Type Dual Interface Smart Card is a smart card which has two interfaces, one is the traditional interface and the other is an electronic interface. The traditional side provides more reliability and flexibility to users while the electronic side offers better security and faster processing speed to users.
The Plastic Type Dual Interface Smart Card technology helps in reducing transaction time as well as it's easy for merchants to adopt this technology due to its flexible design.
Metal Type Dual Interface Smart Card:
Metal Type Dual Interface Smart Card is a smart card which has two interfaces, one is the traditional interface and the other one is called as Metal-Oxide semiconductor or dual interface. The MCDIS can operate in both smart card environments; it has an advantage over single-interface cards because it can operate in contactless mode.
Application Insights:
The government and public utilities segment dominated the global dual interface smart card market in 2017, accounting for over 25.0% share of the overall revenue. The growth can be attributed to increasing adoption of these cards in various sectors such as transportation, healthcare, and banking among others. Furthermore, governments are focusing on initiatives to ensure digital safety by encouraging citizens to use biometric authentication methods other than passwords for online access. This is expected to drive demand over the forecast period.
Finance application is anticipated to grow at a significant rate during the forecast period owing to rising adoption of dual interface smart cards in payment applications across various industries including retail and hospitality among others where fraud prevention is crucial such as e-commerce transactions or ATM withdrawals from a user's account without their knowledge or consent (hacking).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives and awareness about smart cards in this region. For instance, China has implemented a national program named as “Housing-For-All†scheme which aims at providing affordable housing for all by 2020 through various schemes such as Urban Renewal Program and Rural Development Program. This scheme includes provision of basic amenities such as water supply, sanitation, energy for a home through financial assistance provided by the government. Such initiatives are expected to increase demand for dual interface smart card in China over next eight years from 2016 till 2022 elections when they will have to elect new representatives who will form the 12th National People’s Congress (NPC).
Growth Factors:
- Increasing demand for contactless payments: The global dual interface smart card market is expected to grow at a CAGR of over 15% during the forecast period. This can be attributed to the increasing demand for contactless payments, which is supported by the growing adoption of NFC-enabled devices.
- Proliferation of IoT devices: The proliferation of IoT devices is another key factor driving the growth of the dual interface smart card market. With an increase in connected devices, there will be a corresponding increase in demand for secure authentication and identification solutions such as dual interface smart cards.
- Government initiatives for digitalization: Governments around the world are undertaking various initiatives to promote digitalization and cashless transactions. This is resulting in an increased demand for dual interface smart cards, as they offer a more secure and convenient payment option than traditional methods such as cash and cheques.
Scope Of The Report
Report Attributes
Report Details
Report Title
Dual Interface Smart Card Market Research Report
By Type
Plastic Type Dual Interface Smart Card, Metal Type Dual Interface Smart Card
By Application
Finance, Government and Public Utilities, Transportation, Others
By Companies
Gemalto, Giesecke & Devrient, IDEMIA, VALID, Eastcompeace, Wuhan Tianyu, DATANG, Paragon Group, CPI Card Group, Watchdata, HENGBAO
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
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Dual Interface Smart Card Market Report Segments:
The global Dual Interface Smart Card market is segmented on the basis of:
Types
Plastic Type Dual Interface Smart Card, Metal Type Dual Interface Smart Card
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 and 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
- Giesecke & Devrient
- IDEMIA
- VALID
- Eastcompeace
- Wuhan Tianyu
- DATANG
- Paragon Group
- CPI Card Group
- Watchdata
- HENGBAO
Highlights of The Dual Interface Smart Card 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:
- Plastic Type Dual Interface Smart Card
- Metal Type Dual Interface Smart Card
- By Application:
- Finance
- Government and 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 Dual Interface Smart Card 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.
How you may use our products:
- Correctly Positioning New Products
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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?
Dual Interface Smart Card is a type of smart card that can be used in both contact and contactless applications.
Some of the major players in the dual interface smart card market are Gemalto, Giesecke & Devrient, IDEMIA, VALID, Eastcompeace, Wuhan Tianyu, DATANG, Paragon Group, CPI Card Group, Watchdata, HENGBAO.
The dual interface smart card market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Dual Interface Smart Card 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 Dual Interface Smart Card Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Dual Interface Smart Card 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 Dual Interface Smart Card 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 Dual Interface Smart Card Market Size & Forecast, 2020-2028
4.5.1 Dual Interface Smart Card Market Size and Y-o-Y Growth
4.5.2 Dual Interface Smart Card 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 Plastic Type Dual Interface Smart Card
5.2.2 Metal Type Dual Interface Smart Card
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 and Public Utilities
6.2.3 Transportation
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Dual Interface Smart Card 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 Dual Interface Smart Card 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 Plastic Type Dual Interface Smart Card
9.6.2 Metal Type Dual Interface Smart Card
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 and 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 Plastic Type Dual Interface Smart Card
10.6.2 Metal Type Dual Interface Smart Card
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 and 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 Plastic Type Dual Interface Smart Card
11.6.2 Metal Type Dual Interface Smart Card
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 and 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 Plastic Type Dual Interface Smart Card
12.6.2 Metal Type Dual Interface Smart Card
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 and 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 Plastic Type Dual Interface Smart Card
13.6.2 Metal Type Dual Interface Smart Card
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 and 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 Dual Interface Smart Card Market: Competitive Dashboard
14.2 Global Dual Interface Smart Card Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gemalto
14.3.2 Giesecke & Devrient
14.3.3 IDEMIA
14.3.4 VALID
14.3.5 Eastcompeace
14.3.6 Wuhan Tianyu
14.3.7 DATANG
14.3.8 Paragon Group
14.3.9 CPI Card Group
14.3.10 Watchdata
14.3.11 HENGBAO
