Market Overview:
The global smart card readers 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-based smart card readers and dual interface-based smart card readers, owing to their high security and convenience features. In addition, the growing adoption of smartphones and other mobile devices is also contributing to the growth of the global smart card readers market.
Product Definition:
A smart card reader is a device that allows you to read and write data on a smart card. Smart cards are used for many purposes, including securing access to buildings or computers, storing medical information, and making payments.
Contact-based Smart Card Readers:
The global contact-based smart card readers, it's usage and growth factor in the market for Smart Card Readers is expected to grow at a significant pace over the forecast period. The primary factor that is driving this market’s growth is increasing demand for secure authentication and authorization of users by means of portable devices such as mobile phones or tablets.
Contactless-based Smart Card Readers:
The contactless-based smart card readers and its usage in the market can be described as a technology that enables the processing of data without physical contact. The main aim of this technology is to provide more convenience to customers by eliminating the need for them to carry their cards with them all times. These card readers are used in various applications such as transportation, hospitality, healthcare, retail industry among others.
Application Insights:
The others application segment includes healthcare, hospitality, and retail. The adoption of these readers is increasing rapidly in the hospitality industry as it helps in reducing the time taken to check-in luggage at airports. Moreover, it also helps in speeding up check-out process as well as reduces human errors during handling large volumes of data. These factors are anticipated to drive the growth over the forecast period.
The transportation sector accounted for a major share owing to various government initiatives such as Contactless Smart Card Travel Initiative (CSCTTI) that was launched by UK Department for Transport with support from European Commission and Transport For London (TfL). This initiative aims at enabling travel through public transport using just a card or mobile app without any physical contact required between reader and card to validate payment information or ticket against train/bus service availability.
Regional Analysis:
The Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing government initiatives, rising adoption of smart cards, and increasing demand for cost-effective solutions. For instance, China has implemented a national plan on promoting digital payment systems in order to facilitate mobile payments using NFC-enabled devices. Moreover, growing penetration of contactless payment technologies such as Apple Pay™ and Google Pay™ is further boosting regional growth.
North America region is anticipated to witness significant growth over the forecast period owing to increased spending on public infrastructure projects along with growing emphasis on cybersecurity issues associated with digital transactions.
Growth Factors:
- Increasing demand for secure and convenient payment methods
- Proliferation of smart devices and the Internet of Things (IoT)
- Growing number of e-commerce transactions
- Government initiatives to promote cashless payments
- Rising demand for multifunctional smart card readers
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Card Readers Market Research Report
By Type
Contact-based Smart Card Readers, Contactless-based Smart Card Readers, Dual Interface-based Smart Card Readers
By Application
Finance, Government & Public Utilities, Transportation, Others
By Companies
Gemalto, Giesecke & Devrient, Morpho, Oberthur Technologies, American Express, ARM Holdings, Atmel, DataCard, Infineon Technologies, MasterCard, Visa, Staples Inc., IOGEAR, Cherry, HID Global, HP, SIIG, SMK-LINK, DISTUNOW, LEEF, Lenovo, Adesso
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
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Smart Card Readers Market Report Segments:
The global Smart Card Readers market is segmented on the basis of:
Types
Contact-based Smart Card Readers, Contactless-based Smart Card Readers, Dual Interface-based Smart Card Readers
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
- Giesecke & Devrient
- Morpho
- Oberthur Technologies
- American Express
- ARM Holdings
- Atmel
- DataCard
- Infineon Technologies
- MasterCard
- Visa
- Staples Inc.
- IOGEAR
- Cherry
- HID Global
- HP
- SIIG
- SMK-LINK
- DISTUNOW
- LEEF
- Lenovo
- Adesso
Highlights of The Smart Card Readers 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-based Smart Card Readers
- Contactless-based Smart Card Readers
- Dual Interface-based Smart Card Readers
- 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 Smart Card Readers 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?
Smart Card Readers are devices that allow users to access their personal information, such as bank account numbers and passwords, from a card.
Some of the major players in the smart card readers market are Gemalto, Giesecke & Devrient, Morpho, Oberthur Technologies, American Express, ARM Holdings, Atmel, DataCard, Infineon Technologies, MasterCard, Visa, Staples Inc., IOGEAR, Cherry, HID Global, HP, SIIG, SMK-LINK, DISTUNOW, LEEF, Lenovo, Adesso.
The smart card readers 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 Smart Card Readers 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 Smart Card Readers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Card Readers 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 Smart Card Readers 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 Smart Card Readers Market Size & Forecast, 2018-2028
4.5.1 Smart Card Readers Market Size and Y-o-Y Growth
4.5.2 Smart Card Readers Market Absolute $ Opportunity
Chapter 5 Global Smart Card Readers 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 Smart Card Readers Market Size Forecast by Type
5.2.1 Contact-based Smart Card Readers
5.2.2 Contactless-based Smart Card Readers
5.2.3 Dual Interface-based Smart Card Readers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Card Readers 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 Smart Card Readers 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 Smart Card Readers 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 Smart Card Readers 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 Smart Card Readers Analysis and Forecast
9.1 Introduction
9.2 North America Smart Card Readers 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 Smart Card Readers Market Size Forecast by Type
9.6.1 Contact-based Smart Card Readers
9.6.2 Contactless-based Smart Card Readers
9.6.3 Dual Interface-based Smart Card Readers
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 Smart Card Readers 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 Smart Card Readers Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Card Readers 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 Smart Card Readers Market Size Forecast by Type
10.6.1 Contact-based Smart Card Readers
10.6.2 Contactless-based Smart Card Readers
10.6.3 Dual Interface-based Smart Card Readers
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 Smart Card Readers 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 Smart Card Readers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Card Readers 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 Smart Card Readers Market Size Forecast by Type
11.6.1 Contact-based Smart Card Readers
11.6.2 Contactless-based Smart Card Readers
11.6.3 Dual Interface-based Smart Card Readers
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 Smart Card Readers 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 Smart Card Readers Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Card Readers 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 Smart Card Readers Market Size Forecast by Type
12.6.1 Contact-based Smart Card Readers
12.6.2 Contactless-based Smart Card Readers
12.6.3 Dual Interface-based Smart Card Readers
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 Smart Card Readers 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) Smart Card Readers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Card Readers 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) Smart Card Readers Market Size Forecast by Type
13.6.1 Contact-based Smart Card Readers
13.6.2 Contactless-based Smart Card Readers
13.6.3 Dual Interface-based Smart Card Readers
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) Smart Card Readers 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 Smart Card Readers Market: Competitive Dashboard
14.2 Global Smart Card Readers 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 Morpho
14.3.4 Oberthur Technologies
14.3.5 American Express
14.3.6 ARM Holdings
14.3.7 Atmel
14.3.8 DataCard
14.3.9 Infineon Technologies
14.3.10 MasterCard
14.3.11 Visa
14.3.12 Staples Inc.
14.3.13 IOGEAR
14.3.14 Cherry
14.3.15 HID Global
14.3.16 HP
14.3.17 SIIG
14.3.18 SMK-LINK
14.3.19 DISTUNOW
14.3.20 LEEF
14.3.21 Lenovo
14.3.22 Adesso
