Global Smart Cards Market, Established Players Are Focusing on Smart Card Products For Telecom Application In Emerging Economies to Gain Better Market Access over Forecast Period 2016 - 2024

‘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.

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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.

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 (2016 - 2024).

The global smart card market is segmented as follows:

-By Type
-By Component
-By End Use
-By Access Type

On the basis of type, the market is segmented into:

-Contact Card
-Contactless Card
-Dual Card
-Hybrid Card

The contact card segment accounted for highest revenue share of 64.0% in the overall smart card market in 2015 in terms of revenue, followed by the contactless card segment with 19.4%.

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The next segment encompasses the analysis of the global smart card market on the basis of component and presents the market size in terms of value and volume for the forecast period.

On the basis of the component, the market is segmented into:

-Micro- Controller Card
-Memory Card

The micro- controller card segment is expected to expand at the highest CAGR of 8.8% in terms of value during the forecast period. In terms of revenue contribution share, the micro- controller card segment accounted for 71.3% of the overall market in 2015 and is expected to sustain its domination during the forecast years.

The end use segment analyzes the market on the basis of smart card end use applications and presents market size in terms of value and volume for the forecast period.

On the basis of the end use, the market is segmented into:

-Government
-Healthcare
-Transportation
-Telecommunication
-Financial Services, Retail and Loyalty
-Entertainment
-Energy and Utility

The telecommunication segment is expected to expand at the highest CAGR of 9.7% in terms of value during the forecast period. The telecommunication revenue contribution was 48.7% of the total global smart card revenue in 2015 and the segment is expected to sustain its dominance over the forecast years. Revenue from financial service, retail and loyalty segment is expected to expand at a CAGR 7.2% over the forecast years. The segment is expected to contribute 18.5% in terms of revenue by 2024 end to the global smart card market.

The section that follows analyzes the market on the basis of region and presents market size in terms of value and volume for the forecast period.

Regions covered in the report are as follows:

-North America
-Latin America
-Europe
-Asia Pacific
-Middle East and Africa

The report also includes market share of leading players in Europe, the U.K., Spain, France, Italy, Austria, Germany, and the U.S. on the basis of card type and end use application. The key players profiled in the report include NXP Semiconductors N.V., Infineon Technologies AG, Gemalto N.V., Insidesecure SA, CPI Card Group Inc., Morpho SA, Oberthur Technologies, Giesecke, and Devrient GmbH Watchdata Technologies among others.

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