Global Smart Card Market Growth 2023-2029

Global Smart Card Market Growth 2023-2029

A smart card, a type of chip card, is a plastic card embedded with a computer chip that stores and transacts data between users. This data is associated with either value or information or both and is stored and processed within the card’s chip, either a memory or microprocessor. The card data is transacted via a reader that is part of a computing system. Smart card-enhanced systems are in use today throughout several key applications, including healthcare, banking, entertainment and transportation. To various degrees, all applications can benefit from the added features and security that smart cards provide.
LPI (LP Information)' newest research report, the “Smart Card Industry Forecast” looks at past sales and reviews total world Smart Card sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Card sales for 2023 through 2029. With Smart Card sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Card industry.
This Insight Report provides a comprehensive analysis of the global Smart Card landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Card portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Smart Card market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Card and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Card.
The global Smart Card market size is projected to grow from US$ 635.4 million in 2022 to US$ 787.4 million in 2029; it is expected to grow at a CAGR of 787.4 from 2023 to 2029.
There are less than twenty manufacturers in this industry. The sales revenue share of Gemalto is about 26%, which is the No.1 of the global Smart Card industry. The other competitors include Giesecke & Devrient,Oberthur Technologies,Morpho (Safran),VALID, Eastcompeace,Wuhan Tianyu,Datang,Kona I,CPI Card Group,Watchdata Systems Co. Ltd and Hengbao, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart Card market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Contact Cards
Contactless Cards
Memory Cards
CPU/MPU Microprocessor Multifunction Cards
Segmentation by application
Secure Identity Applications
Healthcare Applications
Payment Applications
Telecommunications Applications
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Gemalto
Giesecke & Devrient
Oberthur Technologies
Morpho (Safran)
VALID
Eastcompeace
Wuhan Tianyu
Datang
Kona I
CPI Card Group
Watchdata Systems Co. Ltd
Hengbao
Key Questions Addressed in this Report
What is the 10-year outlook for the global Smart Card market?
What factors are driving Smart Card market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Smart Card market opportunities vary by end market size?
How does Smart Card break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.