Market Overview:
The global IC card meter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart meters and rising awareness about energy conservation measures. In terms of type, the contact type segment is expected to lead the global IC card meter market during the forecast period, followed by the contactless type segment. This can be attributed to factors such as ease of use and growing demand for advanced metering infrastructure (AMI) systems across various applications. In terms of application, residential application is expected to lead the global IC card meter market during the forecast period, followed by commercial application and industrial application segments.
Product Definition:
An IC card meter is a type of electronic meter that uses an integrated circuit (IC) card to store information about the amount of electricity used by a customer. This information can then be used to calculate the customer's utility bill. IC card meters are often used in conjunction with smart meters, which allow customers to monitor their energy usage in real-time.
Contact Type:
The global contact type IC card meter market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024. The growth can be attributed to the increasing demand for contactless smart cards, which are used as electronic access cards or e-passports in countries such as the U.S., Canada, Japan, South Korea, and China among others.
Contactless Type:
The contactless type is a smart card technology that uses radio frequency identification (RFID) to communicate with the reader. The IC card meter market has witnessed an increasing demand for contactless smart cards owing to their low cost and high security as compared to traditional magnetic stripe cards.
The global increase in the use of electronic products such as mobile phones, computers,.
Application Insights:
The global IC card meter market has been segmented on the basis of application into residential, commercial and industrial applications. The residential segment accounted for a major share in 2016 and is expected to continue its dominance over the forecast period. This can be attributed to increasing use of IC card meters in households for billing and payment purposes coupled with rising adoption of smart metering infrastructure across various countries worldwide.
The commercial segment is anticipated to witness significant growth over the forecast period owing to growing number of retail stores, hospitality facilities, transportation systems such as railways & bus services among others that are adopting this technology en masse globally. Furthermore, rapid expansion & modernization projects undertaken by large retail chains such as Walmart Inc., Carrefour S.A., Metro Group (Australia) Pty Ltd., SMARTron Systems Pvt Ltd., etc are further estimated to propel industry growth over the next few years till 2030 globally speaking.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to various factors such as increasing government initiatives, rising adoption of smart cards and contactless IC card by consumers for payment and digital identification, high penetration of mobile phones with built-in readers/writers for transactions. Moreover, presence of major players in the region is also contributing towards market growth. For instance, Gemalto NV., based in Belgium; American Technology Corporation (ATC), based in Florida; and Ubitus Inc., based in California are some prominent players that offer IC card solutions within the region.
Asia Pacific is anticipated to emerge as one of the fastest growing regions during the forecast period owing to rapid increase in demand from developing countries such as India.
Growth Factors:
- Increasing demand for smart meters in the developed countries
- Rising awareness about the benefits of using IC card meters among consumers and businesses
- Rapid urbanization and industrialization in developing countries
- Technological advancements that make IC card meters more efficient and user-friendly
- Government initiatives to promote the use of smart meters
Scope Of The Report
Report Attributes
Report Details
Report Title
IC Card Meter Market Research Report
By Type
Contact Type, Contactless Type
By Application
Residential Application, Commercial Application, Industrial Application
By Companies
Owen Brothers Metering UK Ltd, Zhejiang Yongtailong Electronic co.,Ltd., Challenge Industrial Co., Ltd., Ningbo YOUWIN Smart Meter Co., Ltd, Landys+Gyr, Goldcard Smart Group Co., Ltd., SUNTRONT, Wasion Group, Shenzhen Star Instrument Co., Ltd., ZENNER International
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global IC Card Meter Market Report Segments:
The global IC Card Meter market is segmented on the basis of:
Types
Contact Type, Contactless Type
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
Residential Application, Commercial Application, Industrial Application
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:
- Owen Brothers Metering UK Ltd
- Zhejiang Yongtailong Electronic co.,Ltd.
- Challenge Industrial Co., Ltd.
- Ningbo YOUWIN Smart Meter Co., Ltd
- Landys+Gyr
- Goldcard Smart Group Co., Ltd.
- SUNTRONT
- Wasion Group
- Shenzhen Star Instrument Co., Ltd.
- ZENNER International
Highlights of The IC Card Meter 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:
- Contact Type
- Contactless Type
- By Application:
- Residential Application
- Commercial Application
- Industrial Application
- 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 IC Card Meter 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?
IC Card Meter is a software that helps you to manage your IC card usage. It allows you to see how much data you have used, and it also provides information about the network conditions at the time of use.
Some of the major players in the ic card meter market are Owen Brothers Metering UK Ltd, Zhejiang Yongtailong Electronic co.,Ltd., Challenge Industrial Co., Ltd., Ningbo YOUWIN Smart Meter Co., Ltd, Landys+Gyr, Goldcard Smart Group Co., Ltd., SUNTRONT, Wasion Group, Shenzhen Star Instrument Co., Ltd., ZENNER International.
The ic card meter market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IC Card Meter 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 IC Card Meter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IC Card Meter 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 IC Card Meter 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 IC Card Meter Market Size & Forecast, 2018-2028
4.5.1 IC Card Meter Market Size and Y-o-Y Growth
4.5.2 IC Card Meter Market Absolute $ Opportunity
Chapter 5 Global IC Card Meter 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 IC Card Meter Market Size Forecast by Type
5.2.1 Contact Type
5.2.2 Contactless Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IC Card Meter 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 IC Card Meter Market Size Forecast by Applications
6.2.1 Residential Application
6.2.2 Commercial Application
6.2.3 Industrial Application
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IC Card Meter 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 IC Card Meter 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 IC Card Meter Analysis and Forecast
9.1 Introduction
9.2 North America IC Card Meter 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 IC Card Meter Market Size Forecast by Type
9.6.1 Contact Type
9.6.2 Contactless Type
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 IC Card Meter Market Size Forecast by Applications
9.10.1 Residential Application
9.10.2 Commercial Application
9.10.3 Industrial Application
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 IC Card Meter Analysis and Forecast
10.1 Introduction
10.2 Europe IC Card Meter 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 IC Card Meter Market Size Forecast by Type
10.6.1 Contact Type
10.6.2 Contactless Type
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 IC Card Meter Market Size Forecast by Applications
10.10.1 Residential Application
10.10.2 Commercial Application
10.10.3 Industrial Application
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 IC Card Meter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IC Card Meter 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 IC Card Meter Market Size Forecast by Type
11.6.1 Contact Type
11.6.2 Contactless Type
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 IC Card Meter Market Size Forecast by Applications
11.10.1 Residential Application
11.10.2 Commercial Application
11.10.3 Industrial Application
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 IC Card Meter Analysis and Forecast
12.1 Introduction
12.2 Latin America IC Card Meter 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 IC Card Meter Market Size Forecast by Type
12.6.1 Contact Type
12.6.2 Contactless Type
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 IC Card Meter Market Size Forecast by Applications
12.10.1 Residential Application
12.10.2 Commercial Application
12.10.3 Industrial Application
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) IC Card Meter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IC Card Meter 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) IC Card Meter Market Size Forecast by Type
13.6.1 Contact Type
13.6.2 Contactless Type
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) IC Card Meter Market Size Forecast by Applications
13.10.1 Residential Application
13.10.2 Commercial Application
13.10.3 Industrial Application
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 IC Card Meter Market: Competitive Dashboard
14.2 Global IC Card Meter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Owen Brothers Metering UK Ltd
14.3.2 Zhejiang Yongtailong Electronic co.,Ltd.
14.3.3 Challenge Industrial Co., Ltd.
14.3.4 Ningbo YOUWIN Smart Meter Co., Ltd
14.3.5 Landys+Gyr
14.3.6 Goldcard Smart Group Co., Ltd.
14.3.7 SUNTRONT
14.3.8 Wasion Group
14.3.9 Shenzhen Star Instrument Co., Ltd.
14.3.10 ZENNER International
