Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global IC Card/Smart Card Market by Type (Contact, Contactless), By Application (BFSI, Government and Healthcare, Transportation, Retail, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global IC Card/Smart Card Market by Type (Contact, Contactless), By Application (BFSI, Government and Healthcare, Transportation, Retail, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 136588 3300 Electronics & Semiconductor 377 250 Pages 4.6 (32)

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.

Global IC Card/Smart Card Industry Outlook

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.


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.


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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. Giesecke & Devrient
  2. Idemia
  3. Infineon
  4. NXP
  5. Gemalto
  6. Sony
  7. Samsung
  8. Stmicroelectronics
  9. Ingenico
  10. Verifone
  11. Watchdata

Global IC Card/Smart Card Market Overview

Highlights of The IC Card/Smart Card Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Contact
    2. Contactless
  1. By Application:

    1. BFSI
    2. Government and Healthcare
    3. Transportation
    4. Retail
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global IC Card/Smart Card Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. Idemia Overview Financials Developments Strategic Outlook
      14.4.3. Infineon Overview Financials Developments Strategic Outlook
      14.4.4. NXP Overview Financials Developments Strategic Outlook
      14.4.5. Gemalto Overview Financials Developments Strategic Outlook
      14.4.6. Sony Overview Financials Developments Strategic Outlook
      14.4.7. Samsung Overview Financials Developments Strategic Outlook
      14.4.8. Stmicroelectronics Overview Financials Developments Strategic Outlook
      14.4.9. Ingenico Overview Financials Developments Strategic Outlook
      14.4.10. Verifone Overview Financials Developments Strategic Outlook
      14.4.11. Watchdata Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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