Press release
Global Smart Card Market Growth 2018-2023
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In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Smart Card market for 2018-2023.
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.
China’s Smart Card industry is still in the development stage. China is a large population country, there are only few manufacturers which can produce the Smart Card product. Most of Smart Card products are still relying on import. With the People’s Bank of China (PBOC) have announced all banking cards in China would migrate to smart cards,the demand for smart card have a rapid development in recent two years. At present, there is still a wide gap in the market size, the capital , marketing, product development or technical studies between China domestic enterprises and foreign enterprises , especially in some high-end technology field.
In the coming years, Smart Card market is expected to witness the highest growth rate in the Asia-Pacific region. Although Smart Card brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
Over the next five years, LPI(LP Information) projects that Smart Card will register a 5.1% CAGR in terms of revenue, reach US$ 10200 million by 2023, from US$ 7550 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart Card market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product 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
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Gemalto
Giesecke & Devrient
Oberthur Technologies
Morpho (Safran)
VALID
Eastcompeace
Wuhan Tianyu
Datang
Kona I
CPI Card Group
Watchdata Systems Co. Ltd
Hengbao
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Smart Card consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Smart Card market by identifying its various subsegments.
Focuses on the key global Smart Card manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Smart Card with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Smart Card submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
For More Information On This Report, Please Visit @
https://www.marketresearchreportstore.com/reports/551/global-smart-card-market
Related Information:
North America Smart Card Market Growth 2019-2024
United States Smart Card Market Growth 2019-2024
Asia-Pacific Smart Card Market Growth 2019-2024
Europe Smart Card Market Growth 2019-2024
EMEA Smart Card Market Growth 2019-2024
Global Smart Card Market Growth 2019-2024
China Smart Card Market Growth 2019-2024
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