Market Overview:
The global IC card/smart card market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for contactless cards, rising adoption of smart cards in transportation and retail applications, and growing government initiatives for digitalization. In terms of type, the contact IC card segment is expected to hold the largest share of the global IC card/smart card market during the forecast period. This can be attributed to its high usage in BFSI and government applications.
Product Definition:
An IC card, also known as a smart card, is a plastic card that contains an embedded microchip. The chip stores data and enables the card to be used for various purposes, such as accessing cash from an ATM or making payments. IC cards are often used for secure identification purposes, such as gaining entry into a building or logging onto a computer.
Contact:
The global contactless smart card market size was valued at USD 3.6 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period, which would result in its emergence as the fastest-growing segment by 2022.
Contactless:
The global contactless IC card/smart card market is expected to witness significant growth over the forecast period. The major drivers for this market are increasing demand for secure transactions, growing penetration of mobile payments and changing consumer behavior towards payment acceptance.
Increasing adoption of mobile devices such as smartphones.
Application Insights:
The banking, financial services, and insurance (BFSI) segment dominated the global market in 2017. The BFSI sector is expected to be one of the prominent sectors driving demand for IC cards over the forecast period.IC card/smart card is a must-have device for every transaction made by an individual in any type of establishment that accepts credit or debit cards. Thus, increasing use of IC cards/smart card makes sense only if they are accepted by as many establishments as possible. This has led to increased adoption among businesses across all sectors worldwide.
The government and healthcare segment accounted for a significant share in 2017 owing to various initiatives taken by regulatory authorities worldwide regarding implementation of smart infrastructure at national level (for example, ePassport India).
Regional Analysis:
The market in Asia Pacific is anticipated to grow at a significant rate over the forecast period. The growth can be attributed to increasing government initiatives, rising adoption of smart cards for payment and digital identification, and expansion of the retail sector. For instance, China has implemented a national program named as “One Belt One Road†initiative which envisages building new roads and railways across Asia from Myanmar to Singapore via Kazakhstan, Tajikistan, and Uzbekistan. This project will require various agencies including transport departments to use IC cards/smart cards for fare collection & management.
Growth Factors:
- Increasing demand for contactless payments and transit applications
- Proliferation of mobile devices and the Internet of Things (IoT)
- Government initiatives to promote electronic payments
- Rising demand from the BFSI sector for secure authentication and identification solutions
- Growing popularity of loyalty programs
Scope Of The Report
Report Attributes
Report Details
Report Title
IC Card/Smart Card Market Research Report
By Type
Contact, Contactless
By Application
BFSI, Government and Healthcare, Transportation, Retail, Others
By Companies
Giesecke & Devrient, Idemia, Infineon, NXP, Gemalto, Sony, Samsung, Stmicroelectronics, Ingenico, Verifone, Watchdata
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global IC Card/Smart Card Market Report Segments:
The global IC Card/Smart Card market is segmented on the basis of:
Types
Contact, Contactless
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
BFSI, Government and Healthcare, Transportation, Retail, 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:
- Giesecke & Devrient
- Idemia
- Infineon
- NXP
- Gemalto
- Sony
- Samsung
- Stmicroelectronics
- Ingenico
- Verifone
- Watchdata
Highlights of The IC Card/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:
- Contact
- Contactless
- By Application:
- BFSI
- Government and Healthcare
- Transportation
- Retail
- 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 IC Card/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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 or smart card is a plastic card with an embedded microchip that can be used to access electronic systems. The chip stores personal information, such as the user's name and address, and allows the user to access various services or facilities.
Some of the major companies in the ic card/smart card market are Giesecke & Devrient, Idemia, Infineon, NXP, Gemalto, Sony, Samsung, Stmicroelectronics, Ingenico, Verifone, Watchdata.
The ic card/smart card market is expected to grow at a compound annual growth rate of 9.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. IC Card/Smart Card Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. IC Card/Smart Card Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. IC Card/Smart Card Market - Supply Chain
4.5. Global IC Card/Smart Card Market Forecast
4.5.1. IC Card/Smart Card Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. IC Card/Smart Card Market Size (000 Units) and Y-o-Y Growth
4.5.3. IC Card/Smart Card Market Absolute $ Opportunity
5. Global IC Card/Smart Card Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. IC Card/Smart Card Market Size and Volume Forecast by Type
5.3.1. Contact
5.3.2. Contactless
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global IC Card/Smart Card Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. IC Card/Smart Card Market Size and Volume Forecast by Application
6.3.1. BFSI
6.3.2. Government and Healthcare
6.3.3. Transportation
6.3.4. Retail
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global IC Card/Smart Card Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. IC Card/Smart Card Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global IC Card/Smart Card Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. IC Card/Smart Card Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global IC Card/Smart Card Demand Share Forecast, 2019-2029
9. North America IC Card/Smart Card Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America IC Card/Smart Card Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America IC Card/Smart Card Market Size and Volume Forecast by Application
9.4.1. BFSI
9.4.2. Government and Healthcare
9.4.3. Transportation
9.4.4. Retail
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America IC Card/Smart Card Market Size and Volume Forecast by Type
9.7.1. Contact
9.7.2. Contactless
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America IC Card/Smart Card Demand Share Forecast, 2019-2029
10. Latin America IC Card/Smart Card Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America IC Card/Smart Card Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America IC Card/Smart Card Market Size and Volume Forecast by Application
10.4.1. BFSI
10.4.2. Government and Healthcare
10.4.3. Transportation
10.4.4. Retail
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America IC Card/Smart Card Market Size and Volume Forecast by Type
10.7.1. Contact
10.7.2. Contactless
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America IC Card/Smart Card Demand Share Forecast, 2019-2029
11. Europe IC Card/Smart Card Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe IC Card/Smart Card Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe IC Card/Smart Card Market Size and Volume Forecast by Application
11.4.1. BFSI
11.4.2. Government and Healthcare
11.4.3. Transportation
11.4.4. Retail
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe IC Card/Smart Card Market Size and Volume Forecast by Type
11.7.1. Contact
11.7.2. Contactless
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-YGrowth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe IC Card/Smart Card Demand Share, 2019-2029
12. Asia Pacific IC Card/Smart Card Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific IC Card/Smart Card Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific IC Card/Smart Card Market Size and Volume Forecast by Application
12.4.1. BFSI
12.4.2. Government and Healthcare
12.4.3. Transportation
12.4.4. Retail
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific IC Card/Smart Card Market Size and Volume Forecast by Type
12.7.1. Contact
12.7.2. Contactless
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific IC Card/Smart Card Demand Share, 2019-2029
13. Middle East & Africa IC Card/Smart Card Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa IC Card/Smart Card Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa IC Card/Smart Card Market Size and Volume Forecast by Application
13.4.1. BFSI
13.4.2. Government and Healthcare
13.4.3. Transportation
13.4.4. Retail
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa IC Card/Smart Card Market Size and Volume Forecast by Type
13.7.1. Contact
13.7.2. Contactless
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa IC Card/Smart Card Demand Share, 2019-2029
14. Competition Landscape
14.1. Global IC Card/Smart Card Market: Market Share Analysis
14.2. IC Card/Smart Card Distributors and Customers
14.3. IC Card/Smart Card Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Giesecke & Devrient
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Idemia
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Infineon
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NXP
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gemalto
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sony
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Samsung
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Stmicroelectronics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ingenico
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Verifone
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Watchdata
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
