Market Overview:
The global magnetic card 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 contactless cards and the growing trend of using smart cards for various applications such as retail, transportation, and others. Based on type, the global magnetic card market can be segmented into standard-type and irregular-type cards. The standard-type segment is expected to account for a larger share of the global magnetic card market in 2018 owing to its widespread use across various applications. However, the irregular-type segment is projected to grow at a higher CAGR during the forecast period due its growing demand from retail chains and hospitals. On basis of application,the global magnetic card market can be divided into retail chain, hospital, public transport system, residential area management,,smart city,,and others segments.
Product Definition:
A magnetic card is a type of plastic card that contains a magnetic stripe. The stripe stores information, such as the account number and expiration date, that can be read by a card reader. Magnetic cards are used in many industries, including retail, hospitality, and transportation.
Standard-type:
The standard type is a magnetic strip where the data is entered through the use of a stylus or in some cases, using the touch screen. The growth factor for this segment is high as compared to other card payment types since there are no additional costs associated with it and its usage increases across various industry verticals.
Irregular-type:
Irregular-type is the type of magnetic card which has a non-uniform magnetic field. The most common example of irregularity would be a laminated magneto-resistive element (LMR). LMRs are used in credit cards and smart cards to provide security against counterfeiting.
Application Insights:
The retail chain segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growing trend of online shopping has led to an increased demand for contactless payment cards in e-commerce transactions. Contactless payment cards are widely used in e-commerce as they eliminate the need for entering a PIN code during payments. This has led to an increased adoption of contactless payment cards at retail stores across the globe, which is expected to drive growth over the forecast period.
Hospitality Chain Magnet Cards Market by Type (Standard-type, Irregular), By Application (Hotel, Restaurant).
The hotel chain segment is anticipated to register a significant CAGR from 2018 to 2030 owing to increasing investments by hospitality companies towards developing innovative technologies that will offer more personalized services while maintaining operational efficiency at hotels across all major economies globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to various factors such as high usage of magnetic cards, presence of well-established payment infrastructure, and increasing government initiatives for implementation of advanced technologies for secure transactions.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising adoption by governments and other public sector bodies for making payments through electronic means at a domestic level as well as across municipal limits in several countries including China, India, Singapore, South Korea etc., thereby reducing cash transactions significantly. In addition, growing retail industry coupled with rapid urbanization has led to an increase in spending on electronic devices such as mobile phones and laptops which will further drive demand over the forecast period.
Growth Factors:
- Increasing demand for contactless payments: The global market for contactless payments is expected to grow at a CAGR of over 20% during the forecast period. This is primarily owing to the increasing demand for convenience and security in payment transactions. Magnetic cards are widely used for contactless payments, thereby driving the growth of the magnetic card market.
- Proliferation of mobile devices: The proliferation of mobile devices has led to an increase in digital transactions, which is further fueling the growth of the magnetic card market. Mobile devices are being increasingly used as a mode of payment, thereby providing a boost to this market segment.
- Rising number of e-commerce transactions: The growth in e-commerce has led to an increase in online shopping, which is further boosting demand for magnetic cards as they are extensively used as a mode of payment on such platforms. In addition, with growing awareness about online frauds and cyber threats, consumers are preferring safer modes of payment such as magnetic cards over other alternatives such as debit or credit cards or even cash payments.
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Card Market Research Report
By Type
Standard-type, Irregular-type
By Application
Retail Chain, Hospital, Public Transport System, Residential Area Management, Smart City, Others
By Companies
NBS Technologies, Entrust Datacard Corporation, NXP Semiconductors, Infineon Technologies AG, Atmel Corporation, Unigroup Guoxin, Fudan Microelectronics, Consortium for Educational Communication, Gemalto NV, Giesecke and Devrient GmbH, NBS Technologies
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Card Market Report Segments:
The global Magnetic Card market is segmented on the basis of:
Types
Standard-type, Irregular-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
Retail Chain, Hospital, Public Transport System, Residential Area Management, Smart City, 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:
- NBS Technologies
- Entrust Datacard Corporation
- NXP Semiconductors
- Infineon Technologies AG
- Atmel Corporation
- Unigroup Guoxin
- Fudan Microelectronics
- Consortium for Educational Communication
- Gemalto NV
- Giesecke and Devrient GmbH
- NBS Technologies
Highlights of The Magnetic 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:
- Standard-type
- Irregular-type
- By Application:
- Retail Chain
- Hospital
- Public Transport System
- Residential Area Management
- Smart City
- 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 Magnetic 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.
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- 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?
Magnetic card is a plastic card with a magnetic strip on one side. The strip stores your account number, expiration date, and other information. When you want to use the card, you simply swipe it across the reader at the store.
Some of the key players operating in the magnetic card market are NBS Technologies, Entrust Datacard Corporation, NXP Semiconductors, Infineon Technologies AG, Atmel Corporation, Unigroup Guoxin, Fudan Microelectronics, Consortium for Educational Communication, Gemalto NV, Giesecke and Devrient GmbH, NBS Technologies.
The magnetic card 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 Magnetic 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 Magnetic Card Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnetic 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 Magnetic 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 Magnetic Card Market Size & Forecast, 2018-2028
4.5.1 Magnetic Card Market Size and Y-o-Y Growth
4.5.2 Magnetic Card Market Absolute $ Opportunity
Chapter 5 Global Magnetic Card 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 Magnetic Card Market Size Forecast by Type
5.2.1 Standard-type
5.2.2 Irregular-type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Magnetic Card 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 Magnetic Card Market Size Forecast by Applications
6.2.1 Retail Chain
6.2.2 Hospital
6.2.3 Public Transport System
6.2.4 Residential Area Management
6.2.5 Smart City
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnetic 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 Magnetic 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 Magnetic Card Analysis and Forecast
9.1 Introduction
9.2 North America Magnetic Card 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 Magnetic Card Market Size Forecast by Type
9.6.1 Standard-type
9.6.2 Irregular-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 Magnetic Card Market Size Forecast by Applications
9.10.1 Retail Chain
9.10.2 Hospital
9.10.3 Public Transport System
9.10.4 Residential Area Management
9.10.5 Smart City
9.10.6 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 Magnetic Card Analysis and Forecast
10.1 Introduction
10.2 Europe Magnetic Card 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 Magnetic Card Market Size Forecast by Type
10.6.1 Standard-type
10.6.2 Irregular-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 Magnetic Card Market Size Forecast by Applications
10.10.1 Retail Chain
10.10.2 Hospital
10.10.3 Public Transport System
10.10.4 Residential Area Management
10.10.5 Smart City
10.10.6 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 Magnetic Card Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Magnetic Card 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 Magnetic Card Market Size Forecast by Type
11.6.1 Standard-type
11.6.2 Irregular-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 Magnetic Card Market Size Forecast by Applications
11.10.1 Retail Chain
11.10.2 Hospital
11.10.3 Public Transport System
11.10.4 Residential Area Management
11.10.5 Smart City
11.10.6 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 Magnetic Card Analysis and Forecast
12.1 Introduction
12.2 Latin America Magnetic Card 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 Magnetic Card Market Size Forecast by Type
12.6.1 Standard-type
12.6.2 Irregular-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 Magnetic Card Market Size Forecast by Applications
12.10.1 Retail Chain
12.10.2 Hospital
12.10.3 Public Transport System
12.10.4 Residential Area Management
12.10.5 Smart City
12.10.6 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) Magnetic Card Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Magnetic Card 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) Magnetic Card Market Size Forecast by Type
13.6.1 Standard-type
13.6.2 Irregular-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) Magnetic Card Market Size Forecast by Applications
13.10.1 Retail Chain
13.10.2 Hospital
13.10.3 Public Transport System
13.10.4 Residential Area Management
13.10.5 Smart City
13.10.6 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 Magnetic Card Market: Competitive Dashboard
14.2 Global Magnetic Card Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NBS Technologies
14.3.2 Entrust Datacard Corporation
14.3.3 NXP Semiconductors
14.3.4 Infineon Technologies AG
14.3.5 Atmel Corporation
14.3.6 Unigroup Guoxin
14.3.7 Fudan Microelectronics
14.3.8 Consortium for Educational Communication
14.3.9 Gemalto NV
14.3.10 Giesecke and Devrient GmbH
14.3.11 NBS Technologies
