Market Overview:
The global multifunctional card reader 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 multifunctional card readers from personal as well as commercial applications. Multifunctional card readers are devices that allow users to read and write data on different types of memory cards, such as SD cards, CF cards, and MS cards. These devices are available in different connector types, such as USB3.0 connectors, type-C connectors, and double connectors.
Product Definition:
A multifunctional card reader is a device that can read different types of cards, such as SD cards, CF cards, and Memory Stick cards. This type of reader is convenient because it eliminates the need to have multiple readers for different types of cards. Multifunctional card readers are often used in digital cameras and other portable devices.
USB3.0 Connector:
The USB3.0 connector is a rectangular, double-sided plug that conforms to the USB specifications and can be used with host systems or devices. It has a maximum cable length of 10 meters and can support up to 5 Gbps data transmission rate. The growing demand for high speed in electronic devices is expected to drive the growth of this market over the forecast period from 2014 - 2024 (The year when all computers will have USB3.0 ports).
Type-C Connecter:
Type-C connector is a new port design that was introduced by the USB 3.0 Promoter Group in 2013. It is an extension to the C-shaped USB plug and has two additional contacts for supplying higher power. The two additional contacts are named as DisplayPort and HDMI, which can be used for connecting monitors or printers through this cable.
Application Insights:
The personal application segment held the largest share of more than 60.0% in 2017. The multifunctional card reader is used at home for e-banking, online shopping, entertainment, and other daily activities. The commercial application segment is expected to witness a high growth rate over the forecast period owing to rising adoption of Mifcard by various organizations for their mobile workers and employees for conducting business transactions from remote locations with ease.
Multifunctional card readers are also used at hotels and restaurants for processing payments through contactless payment systems such as Apple PayTM or Google PayTM without the need to carry cash or credit cards every time one dines out or visits a hotel/resort room service area across the globe.
Regional Analysis:
The Asia Pacific regional market dominated the global MCR industry in 2017 and is anticipated to continue its dominance over the forecast period. The growth of this region can be attributed to increasing government initiatives for developing infrastructure, such as payment systems & networks, across various countries. For instance, China has been implementing various initiatives for building smart cities and establishing smart transportation systems that involve widespread adoption of multifunctional card readers.
Moreover, rising demand for mobile payments across emerging economies in APAC is expected to drive product demand over the forecast period. Increasing investments by prominent players in this industry are also contributing toward regional growth through introduction of advanced products with enhanced performance characteristics and features required by end-users. For instance, Samsung Electronics Co., Ltd.
Growth Factors:
- Increasing demand for multifunctional card readers from the retail sector as they offer convenience to customers for multiple transactions.
- Proliferation of contactless cards and mobile payments that need multifunctional card readers for authentication and processing purposes.
- Growing demand from the transportation sector for multifunctional card readers to manage fare collection systems efficiently.
- Increasing number of government initiatives towards cashless payments that is expected to boost the adoption of multifunctional card readers in the coming years. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Multifunctional Card Reader Market Research Report
By Type
USB3.0 Connector, Type-C Connecter, Double Connector
By Application
Personal, Commercial
By Companies
Kingston, SanDisk, LEXAR, SSK, Canon, SONY, UGREEN, KODAK
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Multifunctional Card Reader Market Report Segments:
The global Multifunctional Card Reader market is segmented on the basis of:
Types
USB3.0 Connector, Type-C Connecter, Double Connector
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
Personal, Commercial
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:
- Kingston
- SanDisk
- LEXAR
- SSK
- Canon
- SONY
- UGREEN
- KODAK
Highlights of The Multifunctional Card Reader 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:
- USB3.0 Connector
- Type-C Connecter
- Double Connector
- By Application:
- Personal
- Commercial
- 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 Multifunctional Card Reader 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:
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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?
A multifunctional card reader is a device that can read both standard and contactless cards. This makes it ideal for use in places where traditional readers are not available, such as inside machines or at the cash register.
Some of the major players in the multifunctional card reader market are Kingston, SanDisk, LEXAR, SSK, Canon, SONY, UGREEN, KODAK.
The multifunctional card reader 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 Multifunctional Card Reader 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 Multifunctional Card Reader Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Multifunctional Card Reader 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 Multifunctional Card Reader 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 Multifunctional Card Reader Market Size & Forecast, 2020-2028 4.5.1 Multifunctional Card Reader Market Size and Y-o-Y Growth 4.5.2 Multifunctional Card Reader 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 USB3.0 Connector
5.2.2 Type-C Connecter
5.2.3 Double Connector
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 Personal
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multifunctional Card Reader 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 Multifunctional Card Reader 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 USB3.0 Connector
9.6.2 Type-C Connecter
9.6.3 Double Connector
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 Personal
9.10.2 Commercial
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 USB3.0 Connector
10.6.2 Type-C Connecter
10.6.3 Double Connector
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 Personal
10.10.2 Commercial
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 USB3.0 Connector
11.6.2 Type-C Connecter
11.6.3 Double Connector
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 Personal
11.10.2 Commercial
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 USB3.0 Connector
12.6.2 Type-C Connecter
12.6.3 Double Connector
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 Personal
12.10.2 Commercial
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 USB3.0 Connector
13.6.2 Type-C Connecter
13.6.3 Double Connector
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 Personal
13.10.2 Commercial
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 Multifunctional Card Reader Market: Competitive Dashboard
14.2 Global Multifunctional Card Reader Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kingston
14.3.2 SanDisk
14.3.3 LEXAR
14.3.4 SSK
14.3.5 Canon
14.3.6 SONY
14.3.7 UGREEN
14.3.8 KODAK