Global Contactless Smart Cards Market Size, Share & Trends Analysis Report By Functionality (Transaction and Security & Access Control), By Type the (MPU Microprocessor and Memory), By Industry Vertical, By Regional Outlook and Forecast, 2024 - 2031

Global Contactless Smart Cards Market Size, Share & Trends Analysis Report By Functionality (Transaction and Security & Access Control), By Type the (MPU Microprocessor and Memory), By Industry Vertical, By Regional Outlook and Forecast, 2024 - 2031


The Global Contactless Smart Cards Market size is expected to reach $17.7 billion by 2031, rising at a market growth of 8.3% CAGR during the forecast period.

Contactless smart cards are also used for healthcare credentialing and licensing purposes, including verifying the identity and qualifications of healthcare professionals. Consequently, the healthcare segment captured $880.9 million revenue in the market in 2023. These can store critical medical information like allergies, medical conditions, and emergency contacts. Patients can always carry contactless smart cards with them, allowing first responders and healthcare providers to quickly access vital medical information in emergencies and facilitating timely and informed medical interventions.

The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, In November, 2022, IDEMIA SAS came into partnership with Sella Personal Credit, part of the larger Sella Banking Group. Through this partnership, both companies would launch a new card for featuring biometric authentication for both contact and contactless transactions. Additionally, In March 2022, Infineon Technologies joined hands with IDEX Biometric, a biometric company. This collaboration aimed to unify the TrustedBioÒ fingerprint authentication module from IDEX Biometrics with Infineon’s latest SLC38 security controller.

Based on the Analysis presented in the KBV Cardinal matrix; Sony Corporation is the forerunner in the Market. Companies such as Infineon Technologies AG, STMicroelectronics N.V., NXP Semiconductors N.V. are some of the key innovators in Market. For Instance, In July, 2021, Infineon Technologies teamed up with IDEX Biometrics, the leading provider of advanced fingerprint identification and authentication solutions. This collaboration aimed to offer substantial enhancement at the card system level, which allows simple unification into current hot lamination card manufacturing processes.

Market Growth Factors

Contactless ticketing solutions enhance the attendee experience by providing a convenient and hassle-free entry process. As technology evolves, these smart cards can be integrated with emerging technologies such as biometrics, wearables, and IoT devices to enhance further ticketing solutions' functionality, security, and convenience. Hence, contactless ticketing solutions for events and venues has been a pivotal factor in driving the growth of the market.

Additionally, the daily transaction volume is substantially higher in densely populated urban areas than in rural areas. According to the report by the World Bank updated in 2023, 56% of the world's population, or 4.4 billion people, live in cities. By 2050, nearly 7 out of 10 individuals will reside in cities, representing more than doubling the current urban population. Therefore, the market is expanding significantly due to the expansion of urbanization and population.

Market Restraining Factors

The initial expenses of deploying contactless smart card infrastructure may be difficult for small and medium-sized enterprises to justify. These businesses may operate on tight budgets and prioritize other investments over contactless technology, hampering adoption. The high initial cost of implementing contactless smart card infrastructure may result in a longer period for businesses to realize a return on their investment. Thus, high initial cost can slow down the growth of the market.

By Functionality Analysis

On the basis of functionality, the market is segmented into transaction and security & access control. In 2023, the transaction segment held the 77.93% revenue share in the market. These cards offer a convenient payment method. Users can complete transactions quickly and easily with a simple tap or wave of the card, eliminating the need to swipe or insert their card into a terminal.

By Type Analysis

By type, the market is bifurcated into memory and MPU microprocessor. The memory segment acquired a 36.64% revenue share in the market in 2023. The memory segment of contactless smart cards comes in various capacities, ranging from low-memory to high-memory configurations. This flexibility allows card manufacturers and application developers to tailor the cards to specific use cases and requirements.

By Industry Vertical Analysis

Based on industry vertical, the market is categorized into BFSI, retail, healthcare, hospitality, transportation & logistics, media & entertainment, and others. In 2023, the BFSI segment dominated the market with 26.21% revenue share. Banks and financial institutions issue contactless smart cards to their customers as debit cards, credit cards, or prepaid cards.

By Regional Analysis

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region acquired a 30.79% revenue share in the market. Payment processors, financial institutions, and merchants in North America have invested in contactless payment infrastructure, including POS terminals and payment networks, to support the growing demand for contactless transactions.

Market Competition and Attributes

The market competition in the Market is robust and dynamic, fueled by advancements in technology and increasing adoption across various sectors. Established players in the industry engage in fierce competition by continuously enhancing their product offerings, improving security features, and expanding their geographical reach through strategic partnerships and acquisitions. Additionally, emerging startups and innovative companies disrupt the market by introducing novel solutions that cater to specific industry needs and consumer demands, driving further competition and innovation. As the demand for secure and convenient payment solutions continues to rise, players in the market vie for dominance through differentiation in product features, competitive pricing strategies, and efficient distribution networks, shaping a competitive landscape characterized by rapid technological advancements and evolving market dynamics.

Recent Strategies Deployed in the Market
  • Oct-2023: Infineon Technologies AG took over GaN Systems, a company that specializes in producing gallium nitride (GaN) semiconductors, offering high-efficiency power devices for a range of applications. Through this acquisition, GaN Systems would significantly expedite Infineon's GaN strategy and enhance Infineon's dominance in power systems by mastering all pertinent power semiconductor technologies.
  • Feb-2023: Infineon Technologies AG signed a partnership with TrustSEC, a leading company in the information security field, founded by internationally recognized information security and cryptography experts. Through this partnership, Infineon would be able to be indispensable in adhering to the updated white-label criteria for operating systems.
  • Nov-2022: IDEMIA SAS came into partnership with Sella Personal Credit, a financial services entity specializing in personal loans and credit solutions, part of the larger Sella Banking Group. Through this partnership, both companies would launch a new card for featuring biometric authentication for both contact and contactless transactions.
  • May-2022: HID Global Corporation took over Vizinex RFID, a company specializing in the development and manufacture of high-performance, customizable RFID tags tailored to meet specific industrial and business tracking needs. Through this acquisition, HID would be able to expand its product portfolio and geographical footprint globally.
  • Mar-2022: Infineon Technologies joined hands with IDEX Biometric, a biometric company. This collaboration aimed to unify the TrustedBioÒ fingerprint authentication module from IDEX Biometrics with Infineon’s latest SLC38 security controller.
List of Key Companies Profiled
  • Sony Corporation
  • Watchdata Co., Ltd.
  • Infineon Technologies AG
  • IDEMIA SAS (Advent International, Inc.)
  • NXP Semiconductors N.V.
  • Thales Group S.A.
  • HID Global Corporation (Assa Abloy AB)
  • STMicroelectronics N.V.
  • CardLogix Corporation
  • CPI Card Group Inc. (Parallel49 Equity)
Global Contactless Smart Cards Market Report Segmentation

By Functionality
  • Transaction
  • Security & Access Control
By Type
  • MPU Microprocessor
  • Memory
By Industry Vertical
  • BFSI
  • Retail
  • Transportation & Logistics
  • Hospitality
  • Healthcare
  • Media & Entertainment
  • Others
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Contactless Smart Cards Market, by Functionality
1.4.2 Global Contactless Smart Cards Market, by Type
1.4.3 Global Contactless Smart Cards Market, by Industry Vertical
1.4.4 Global Contactless Smart Cards Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jan – 2023, Feb) Leading Players
4.4 Porter Five Forces Analysis
Chapter 5. Global Contactless Smart Cards Market by Functionality
5.1 Global Transaction Market by Region
5.2 Global Security & Access Control Market by Region
Chapter 6. Global Contactless Smart Cards Market by Type
6.1 Global MPU Microprocessor Market by Region
6.2 Global Memory Market by Region
Chapter 7. Global Contactless Smart Cards Market by Industry Vertical
7.1 Global BFSI Market by Region
7.2 Global Retail Market by Region
7.3 Global Transportation & Logistics Market by Region
7.4 Global Hospitality Market by Region
7.5 Global Healthcare Market by Region
7.6 Global Media & Entertainment Market by Region
7.7 Global Others Market by Region
Chapter 8. Global Contactless Smart Cards Market by Region
8.1 North America Contactless Smart Cards Market
8.1.1 North America Contactless Smart Cards Market by Functionality
8.1.1.1 North America Transaction Market by Region
8.1.1.2 North America Security & Access Control Market by Region
8.1.2 North America Contactless Smart Cards Market by Type
8.1.2.1 North America MPU Microprocessor Market by Country
8.1.2.2 North America Memory Market by Country
8.1.3 North America Contactless Smart Cards Market by Industry Vertical
8.1.3.1 North America BFSI Market by Country
8.1.3.2 North America Retail Market by Country
8.1.3.3 North America Transportation & Logistics Market by Country
8.1.3.4 North America Hospitality Market by Country
8.1.3.5 North America Healthcare Market by Country
8.1.3.6 North America Media & Entertainment Market by Country
8.1.3.7 North America Others Market by Country
8.1.4 North America Contactless Smart Cards Market by Country
8.1.4.1 US Contactless Smart Cards Market
8.1.4.1.1 US Contactless Smart Cards Market by Functionality
8.1.4.1.2 US Contactless Smart Cards Market by Type
8.1.4.1.3 US Contactless Smart Cards Market by Industry Vertical
8.1.4.2 Canada Contactless Smart Cards Market
8.1.4.2.1 Canada Contactless Smart Cards Market by Functionality
8.1.4.2.2 Canada Contactless Smart Cards Market by Type
8.1.4.2.3 Canada Contactless Smart Cards Market by Industry Vertical
8.1.4.3 Mexico Contactless Smart Cards Market
8.1.4.3.1 Mexico Contactless Smart Cards Market by Functionality
8.1.4.3.2 Mexico Contactless Smart Cards Market by Type
8.1.4.3.3 Mexico Contactless Smart Cards Market by Industry Vertical
8.1.4.4 Rest of North America Contactless Smart Cards Market
8.1.4.4.1 Rest of North America Contactless Smart Cards Market by Functionality
8.1.4.4.2 Rest of North America Contactless Smart Cards Market by Type
8.1.4.4.3 Rest of North America Contactless Smart Cards Market by Industry Vertical
8.2 Europe Contactless Smart Cards Market
8.2.1 Europe Contactless Smart Cards Market by Functionality
8.2.1.1 Europe Transaction Market by Country
8.2.1.2 Europe Security & Access Control Market by Country
8.2.2 Europe Contactless Smart Cards Market by Type
8.2.2.1 Europe MPU Microprocessor Market by Country
8.2.2.2 Europe Memory Market by Country
8.2.3 Europe Contactless Smart Cards Market by Industry Vertical
8.2.3.1 Europe BFSI Market by Country
8.2.3.2 Europe Retail Market by Country
8.2.3.3 Europe Transportation & Logistics Market by Country
8.2.3.4 Europe Hospitality Market by Country
8.2.3.5 Europe Healthcare Market by Country
8.2.3.6 Europe Media & Entertainment Market by Country
8.2.3.7 Europe Others Market by Country
8.2.4 Europe Contactless Smart Cards Market by Country
8.2.4.1 Germany Contactless Smart Cards Market
8.2.4.1.1 Germany Contactless Smart Cards Market by Functionality
8.2.4.1.2 Germany Contactless Smart Cards Market by Type
8.2.4.1.3 Germany Contactless Smart Cards Market by Industry Vertical
8.2.4.2 UK Contactless Smart Cards Market
8.2.4.2.1 UK Contactless Smart Cards Market by Functionality
8.2.4.2.2 UK Contactless Smart Cards Market by Type
8.2.4.2.3 UK Contactless Smart Cards Market by Industry Vertical
8.2.4.3 France Contactless Smart Cards Market
8.2.4.3.1 France Contactless Smart Cards Market by Functionality
8.2.4.3.2 France Contactless Smart Cards Market by Type
8.2.4.3.3 France Contactless Smart Cards Market by Industry Vertical
8.2.4.4 Russia Contactless Smart Cards Market
8.2.4.4.1 Russia Contactless Smart Cards Market by Functionality
8.2.4.4.2 Russia Contactless Smart Cards Market by Type
8.2.4.4.3 Russia Contactless Smart Cards Market by Industry Vertical
8.2.4.5 Spain Contactless Smart Cards Market
8.2.4.5.1 Spain Contactless Smart Cards Market by Functionality
8.2.4.5.2 Spain Contactless Smart Cards Market by Type
8.2.4.5.3 Spain Contactless Smart Cards Market by Industry Vertical
8.2.4.6 Italy Contactless Smart Cards Market
8.2.4.6.1 Italy Contactless Smart Cards Market by Functionality
8.2.4.6.2 Italy Contactless Smart Cards Market by Type
8.2.4.6.3 Italy Contactless Smart Cards Market by Industry Vertical
8.2.4.7 Rest of Europe Contactless Smart Cards Market
8.2.4.7.1 Rest of Europe Contactless Smart Cards Market by Functionality
8.2.4.7.2 Rest of Europe Contactless Smart Cards Market by Type
8.2.4.7.3 Rest of Europe Contactless Smart Cards Market by Industry Vertical
8.3 Asia Pacific Contactless Smart Cards Market
8.3.1 Asia Pacific Contactless Smart Cards Market by Functionality
8.3.1.1 Asia Pacific Transaction Market by Country
8.3.1.2 Asia Pacific Security & Access Control Market by Country
8.3.2 Asia Pacific Contactless Smart Cards Market by Type
8.3.2.1 Asia Pacific MPU Microprocessor Market by Country
8.3.2.2 Asia Pacific Memory Market by Country
8.3.3 Asia Pacific Contactless Smart Cards Market by Industry Vertical
8.3.3.1 Asia Pacific BFSI Market by Country
8.3.3.2 Asia Pacific Retail Market by Country
8.3.3.3 Asia Pacific Transportation & Logistics Market by Country
8.3.3.4 Asia Pacific Hospitality Market by Country
8.3.3.5 Asia Pacific Healthcare Market by Country
8.3.3.6 Asia Pacific Media & Entertainment Market by Country
8.3.3.7 Asia Pacific Others Market by Country
8.3.4 Asia Pacific Contactless Smart Cards Market by Country
8.3.4.1 China Contactless Smart Cards Market
8.3.4.1.1 China Contactless Smart Cards Market by Functionality
8.3.4.1.2 China Contactless Smart Cards Market by Type
8.3.4.1.3 China Contactless Smart Cards Market by Industry Vertical
8.3.4.2 Japan Contactless Smart Cards Market
8.3.4.2.1 Japan Contactless Smart Cards Market by Functionality
8.3.4.2.2 Japan Contactless Smart Cards Market by Type
8.3.4.2.3 Japan Contactless Smart Cards Market by Industry Vertical
8.3.4.3 India Contactless Smart Cards Market
8.3.4.3.1 India Contactless Smart Cards Market by Functionality
8.3.4.3.2 India Contactless Smart Cards Market by Type
8.3.4.3.3 India Contactless Smart Cards Market by Industry Vertical
8.3.4.4 South Korea Contactless Smart Cards Market
8.3.4.4.1 South Korea Contactless Smart Cards Market by Functionality
8.3.4.4.2 South Korea Contactless Smart Cards Market by Type
8.3.4.4.3 South Korea Contactless Smart Cards Market by Industry Vertical
8.3.4.5 Singapore Contactless Smart Cards Market
8.3.4.5.1 Singapore Contactless Smart Cards Market by Functionality
8.3.4.5.2 Singapore Contactless Smart Cards Market by Type
8.3.4.5.3 Singapore Contactless Smart Cards Market by Industry Vertical
8.3.4.6 Malaysia Contactless Smart Cards Market
8.3.4.6.1 Malaysia Contactless Smart Cards Market by Functionality
8.3.4.6.2 Malaysia Contactless Smart Cards Market by Type
8.3.4.6.3 Malaysia Contactless Smart Cards Market by Industry Vertical
8.3.4.7 Rest of Asia Pacific Contactless Smart Cards Market
8.3.4.7.1 Rest of Asia Pacific Contactless Smart Cards Market by Functionality
8.3.4.7.2 Rest of Asia Pacific Contactless Smart Cards Market by Type
8.3.4.7.3 Rest of Asia Pacific Contactless Smart Cards Market by Industry Vertical
8.4 LAMEA Contactless Smart Cards Market
8.4.1 LAMEA Contactless Smart Cards Market by Functionality
8.4.1.1 LAMEA Transaction Market by Country
8.4.1.2 LAMEA Security & Access Control Market by Country
8.4.2 LAMEA Contactless Smart Cards Market by Type
8.4.2.1 LAMEA MPU Microprocessor Market by Country
8.4.2.2 LAMEA Memory Market by Country
8.4.3 LAMEA Contactless Smart Cards Market by Industry Vertical
8.4.3.1 LAMEA BFSI Market by Country
8.4.3.2 LAMEA Retail Market by Country
8.4.3.3 LAMEA Transportation & Logistics Market by Country
8.4.3.4 LAMEA Hospitality Market by Country
8.4.3.5 LAMEA Healthcare Market by Country
8.4.3.6 LAMEA Media & Entertainment Market by Country
8.4.3.7 LAMEA Others Market by Country
8.4.4 LAMEA Contactless Smart Cards Market by Country
8.4.4.1 Brazil Contactless Smart Cards Market
8.4.4.1.1 Brazil Contactless Smart Cards Market by Functionality
8.4.4.1.2 Brazil Contactless Smart Cards Market by Type
8.4.4.1.3 Brazil Contactless Smart Cards Market by Industry Vertical
8.4.4.2 Argentina Contactless Smart Cards Market
8.4.4.2.1 Argentina Contactless Smart Cards Market by Functionality
8.4.4.2.2 Argentina Contactless Smart Cards Market by Type
8.4.4.2.3 Argentina Contactless Smart Cards Market by Industry Vertical
8.4.4.3 UAE Contactless Smart Cards Market
8.4.4.3.1 UAE Contactless Smart Cards Market by Functionality
8.4.4.3.2 UAE Contactless Smart Cards Market by Type
8.4.4.3.3 UAE Contactless Smart Cards Market by Industry Vertical
8.4.4.4 Saudi Arabia Contactless Smart Cards Market
8.4.4.4.1 Saudi Arabia Contactless Smart Cards Market by Functionality
8.4.4.4.2 Saudi Arabia Contactless Smart Cards Market by Type
8.4.4.4.3 Saudi Arabia Contactless Smart Cards Market by Industry Vertical
8.4.4.5 South Africa Contactless Smart Cards Market
8.4.4.5.1 South Africa Contactless Smart Cards Market by Functionality
8.4.4.5.2 South Africa Contactless Smart Cards Market by Type
8.4.4.5.3 South Africa Contactless Smart Cards Market by Industry Vertical
8.4.4.6 Nigeria Contactless Smart Cards Market
8.4.4.6.1 Nigeria Contactless Smart Cards Market by Functionality
8.4.4.6.2 Nigeria Contactless Smart Cards Market by Type
8.4.4.6.3 Nigeria Contactless Smart Cards Market by Industry Vertical
8.4.4.7 Rest of LAMEA Contactless Smart Cards Market
8.4.4.7.1 Rest of LAMEA Contactless Smart Cards Market by Functionality
8.4.4.7.2 Rest of LAMEA Contactless Smart Cards Market by Type
8.4.4.7.3 Rest of LAMEA Contactless Smart Cards Market by Industry Vertical
Chapter 9. Company Profiles
9.1 Sony Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 SWOT Analysis
9.2 Watchdata Co., Ltd.
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Partnerships, Collaborations, and Agreements:
9.2.3 SWOT Analysis
9.3 Infineon Technologies AG
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 IDEMIA SAS (Advent International, Inc.)
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Partnerships, Collaborations, and Agreements:
9.4.2.2 Product Launches and Product Expansions:
9.4.2.3 Acquisition and Mergers:
9.4.3 SWOT Analysis
9.5 NXP Semiconductors N.V.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expense
9.5.5 SWOT Analysis
9.6 Thales Group S.A.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 HID Global Corporation (Assa Abloy AB)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 STMicroelectronics N.V.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 SWOT Analysis
9.9 CardLogix Corporation
9.9.1 Company Overview
9.9.2 SWOT Analysis
9.10. CPI Card Group Inc. (Parallel49 Equity)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental Analysis
9.10.4 SWOT Analysis
Chapter 10. Winning imperatives of Contactless Smart Cards Market

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