Smart Card Market Forecast to 2024 with Global Key Companies Profile, Supply, Demand and Cost Structure

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Albany, NY, 2018-Aug-08 — /EPR Network/ — The market for Smart Card Market growing with the expansion of this Industry Sector Worldwide. Market Research Report Search Engine (MRRSE) has added a new report titled “Global Market Study on Smart Card: Contactless Card Segment Anticipated to Gain Significant Market Share over the Forecast Period 2017-2024” which offer details about the current trends as well as scope for the near future. This research study also covers information about the production and market share based on different active regions. Furthermore, an anticipated growth at a double-digit CAGR for the concerned Smart Card Market is highlighted in the report which indicates a prosperous future.

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‘Smart Card’ are cards with embedded integrated circuit, used to accumulate and retrieve information. These embedded circuits can either be memory chip- or microcontroller-based. Microcontroller-based smart cards are preferred over memory-based owing to ability to store large amounts of data and efficient functionality of secure encryption and mutual authentication. Microcontroller cards interact with smart card readers for transaction of data. Contact smart cards require physical interaction with the reader; however, contactless smart cards have embedded antenna to enable communication with the reader, without physical contact. Dual smart card are a combination of contact and contactless smart cards; whereas hybrid smart cards are cards with multifunctional applications. Extensive functionality, secure and encrypted storage, and robust adoption of smart cards across application such as government, payment, telecom, transportation, entertainment, energy & utility, and telecom applications are boosting sales of smart card across the globe.

A clear cut report structure for the ease of understanding of this vast market

To understand and assess the opportunities in this market, the report is categorically split into four segments namely market analysis, by product type, component, end use and access type. The report analyzes the market performance of smart card market in terms of market value (US$ Mn) and volume (Mn Units).

The smart card market also covers the smart card market value chain along with a comparative analysis of smart card technologies such as near field communication (NFC) & machine-to-machine (M2M) and comparative analysis of smart card components memory-based and microcontroller-based smart cards. The section also includes PMR’s analysis of the key trends, drivers, and restraints from the supply and demand perspective.

The next section of the report analyzes the smart card market on the basis of product type, component, end use, and access type, and represents the market size in terms of value and volume over the forecast period (2017 – 2024).

A valuable section of the report focuses on the competitive intelligence aspect of the market

Another part of the report features the competition landscape of the global smart card market and has information on the key players operating in this market. The competition landscape contains detailed information on the important companies operating in the global smart card market in the form of company description, product overview, key developments, strategic overview and key financials of each of the featured companies along with the SWOT analysis of the companies. This competition landscape is a valuable part of the report as it contains all the necessary information to study the leading companies operating in the global smart card market in detail and also reveals how they implement their strategies and vision to stay at top in this highly competitive market.

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A robust research methodology for getting the accurate market numbers

Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the global smart card market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global smart card market.

Market Taxonomy


Contact Cards

Contactless Cards

Hybrid Cards

Dual- interface Cards


Microcontroller Cards

Memory Based Cards

End Use





Financial Services, Retail and loyalty


Energy and Utility (Smart Meters for Electricity, Water and Gas)

Access Type

Physical Access

Logical Access


North America


Asia Pacific

Middle East & Africa

Latin America

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