Daniel Associates

Smart Cards Industry – Global Market Trends,Drivers and Projections 2016-2023

  • Global Smart Cards Market Expected to Reach US$14.17 bn by 2023

    According to a new market report published by Daniel Associate “Smart Cards Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2023,” the market was valued at US$ 7.25 Bn in 2014 and is expected to reach US$ 14.17 Bn by 2023, expanding at a CAGR of 7.4% from 2016 to 2023. Asia Pacific was the largest revenue contributor in 2014, accounting for over 47.4% of the global smart card market’s revenue. The growth is mainly driven by the increasing adoption of smart cards for applications such as telecommunication, toll collection, ticketing, and driver’s license, and national and cross-border identification cards. Asia Pacific is expected to retain its dominant position and is expected to become the fastest-growing market for smart cards during the forecast period. The Asia Pacific smart cards market is estimated to expand at a CAGR of 7.9% from 2016 to 2023. China, India, South Korea, and Japan are expected to be the major contributors to the market in near term.

    The declining prices of SIM cards, along with increasing requirements to migrate to EMV standards, are fueling the adoption of smart cards across the telecommunication, financial services, retail, and loyalty sectors. Moreover, with the growth of security threats and fraudulent activity, rise in demand for highly secure and expedited transactions, communication, and identification solutions from the telecommunications, healthcare, government, and transportation sectors is also contributing to the growth of the market.

    Smart cards are classified based on components into memory-based smart cards and microcontrollers-based smart cards. Memory-based smart cards are powered by card readers and are mainly used in low-end and mid-end SIM cards. Microcontrollers-based card usage is driven by the added functionality such as security and intellectual data processing capabilities. Based on incorporation of the components, different smart card types are available in the market: contact smart cards, contactless smart cards, dual interface smart cards, and hybrid smart cards. Of these, contact smart cards are expected lose market share to contactless and other card types. Contactless smart cards provide a technology platform for the addition of new applications to access control systems and facilitate more secure identity verification for both physical and logical access. Additional security features provided by contactless and dual interface smart cards is driving their adoption in ATM/credit/debit cards and e-IDs, and transportation IDs among others. Contactless smart cards accounted for 18.6% of the total smart cards market revenue in 2015 and is expected to register the highest growth of 11.5% from 2016 to 2023.

    Geographically, Asia Pacific dominated the global smart cards market in 2015. This was mainly due to increases in the number of mobile subscribers, which in turn is propelling the growth of SIM cards and in turn smart cards. The global market for smart cards was dominated by the leading players Gemalto NV, Giesecke & Devrient (G&D) GmbH, and Oberthur Technologies, which collectively accounted for more than 50% of the global market revenue in 2014. Other players competing in the market include Morpho S.A., Eastcompeace Technology Co., Ltd. Watchdata, Datang Telecom Technology & Industry Group, and Wuhan Tianyu Information Industry Co., Ltd.

    The report includes an analysis of the global smart cards market and provides estimates in terms of revenue (US$ Mn) from 2016 to 2023. Market estimates are provided for segments, categorized on the basis of types, components, and geography. The market has been segmented as follows:

    Market Segmentation of Global Smart Cards Market:

    Smart Cards Market, by Types

    • Contact Smart Card
    • Contactless Smart Card
    • Hybrid Smart Card
    • Dual-interface Smart Cards

    Smart Cards Market, by Components

    • Microcontroller
    • Memory Cards

    Smart Cards Market, By Geography

    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa (MEA)
    • Latin America

  • I. Preface
    A. Report Description
    a) Executive Summary
    b) List of Abbreviations
    c) Scope of the Report
    B. Market Segmentation: Smart Cards Market
    a) Market Overview
    b) Product Offerings
    i. Introduction
    ii. Market Description
    c) Introduction to Smart Cards
    i. Smart Card Memory
    ii. Types of Smart Cards
    1. Contact-based Smart Cards
    2. Contactless Smart Cards
    C. Research Methodology
    a) Sources
    b) Secondary Research
    c) Primary Research
    II. Executive Summary
    A. Market Snapshot: Global Smart Cards Market, 2016 & 2023
    a) Value chain management
    b) Porter’s five forces analysis
    i. Threat from new entrants
    ii. Threat from product substitutes
    iii. Suppliers’ bargaining power
    iv. Buyers bargaining power
    v. Rivalry among existing players
    B. Global Smart Cards Market Revenue, 2016 – 2023 (US$ Mn) and Y-o-Y Growth (%)
    C. Global Smart Cards Market Volume, 2016 – 2023 (Mn Units) and Y-o-Y Growth (%)
    a) Global Smart Cards Market, by Type, 2016
    b) Global Smart Cards Market, by Components, 2016
    c) Global Smart Cards Market, by Geography, 2016
    III. Global Smart Cards Market Analysis, 2016 – 2023 (US$ Mn & Mn Units)
    A. Overview
    B. Smart card applications
    a) Government Programs
    b) Financial Applications
    c) Transportation
    d) Information Security
    e) Communications Applications
    f) Physical Access Control
    g) Retail and Loyalty
    h) Healthcare
    i) Student Identification
    C. Advantages and Disadvantages of Smart Card
    D. Life cycle of banking and financial smart cards
    E. Five Forces Analysis
    F. Key Trends Analysis
    G. Impact Analysis
    a) Impact Analysis of NFC Technology
    i. Global NFC Enabled Smart Phone Shipment Market Volume and Forecast, 2014 – 2018 (Mn Units)
    b) Impact Analysis of M2M Communication on the Smart Card Market
    i. Global utilities market (Electricity, Water & Gas) M2M, Volume and Forecast, 2011 – 2016 (Mn Units)
    c) Impact Analysis of Direct Antenna Attach Technology on Smart Cards Market
    i. Global Smart Cards Y-o-Y Revenue Growth (US$ Mn) and Global Contactless Card Revenue Contribution (%).
    H. Market Dynamics
    d) Drivers
    i. Growing demand for secure and reliable payment transactions across the retail and BFSI industry
    1. Global Mobile Payments Transaction, Revenue and Forecast, 2010 – 2017 (US$ Bn)
    ii. Cost savings scheme for merchants from payments brands such as Visa, MasterCard and Europay
    iii. Rising number of mobile phone subscribers worldwide
    1. Mobile Subscribers Worldwide: 2011 – 2014
    2. Mobile Subscribers Worldwide, by developed and developing nations: 2014
    3. Mobile Subscribers Worldwide, by Regions: 2014
    iv. Surge in acceptance of smart card projects
    v. Contactless interface fuelled adoption
    vi. Multi-application support by NFC
    e) Restraints
    i. Initial high cost to migrate to smartcard compatible readers affects the adoption of smartcards
    ii. Slow emergence of standards
    f) Opportunities
    i. Delivering complete solutions including software and services related to smart cards
    ii. Introduction of high-end SIMs in terms of NFC capability and LTE providers
    iii. NFC and M2M: success factors
    iv. Other Issues & opportunities
    I. Technology Overview
    a) Comparative Analysis of Smart Card Technologies
    b) Comparative Analysis of Smart Card Components
    J. Ecosystem Analysis for Global Smart Cards Market
    c) Raw Material Suppliers
    d) Smart IC Manufacturers
    e) Solution Providers
    f) OEMs
    g) End-users
    h) Market share of smart card players
    i) Patent analysis of smart card market
    j) Smart card related products
    a. Cards & microchips
    b. Card readers & terminal (Point-of-sale) equipment
    c. Software & services
    d. Other smart card hardware
    K. Global Smart Cards Market Analysis, By Type, 2016 – 2023 (US$ Mn & Mn Units)
    a) Overview
    b) Contact Smart Cards
    v. Global Contact Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    vi. Global Contact Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    c) Contactless Smart Cards
    vii. Global Contactless Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    viii. Global Contactless Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    d) Hybrid Smart Cards
    ix. Global Hybrid Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    x. Global Hybrid Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    e) Dual-interface Smart Cards
    xi. Global Dual-interface Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    xii. Global Dual-interface Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    L. Global Smart Cards Market Analysis, By Component, 2016 – 2023 (US$ Mn & Mn Units)
    a) Overview
    b) Microcontroller Based Smart Cards
    xiii. Global Microcontroller-based Smart Cards Market Revenue & Volume, 2016 – 2023 (US$ Mn & Mn Units)
    xiv. Global Microcontroller-based Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    c) Card-based Smart Cards
    xv. Global Memory Card-based Smart Cards Market Revenue & Volume, 2016 – 2023 (US$ Mn & Mn Units)
    xvi. Global Memory Card-based Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    M. Competitive Landscape
    d) Market Positioning of Key Players, 2014
    e) Competitive Strategies Adopted by Leading Players
    IV. North America Smart Cards Market Analysis, 2016 – 2023 (US$ Mn & Mn Units)
    A. Overview
    B. North America Smart Cards Market Analysis, by Type, 2016 – 2023 (US$ Mn & Mn Units)
    a) Overview
    b) North America Smart Cards Market Revenue and Forecast, by Type, 2016 – 2023 (US$ Mn)
    c) North America Smart Cards Market Volume and Forecast, by Type, 2016 – 2023 (Mn Units)
    C. North America Smart Cards Market Analysis, by Component, 2016 – 2023 (US$ Mn & Mn Units)
    a) Overview
    b) North America Smart Cards Market Revenue and Forecast, by Component, 2016 – 2023 (US$ Mn)
    c) North America Smart Cards Market Revenue and Forecast, by Component, 2016 – 2023 (US$ Mn)
    D. North America Smart Cards Market Analysis, by Geography, 2016 – 2023 (US$ Mn & Mn Units)
    a) Overview
    b) U.S.
    i. U.S. Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    ii. U.S. Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    c) Rest of North America
    i. Rest of North America Smart Cards Market Revenue and Forecast, 2016 – 2023 (US$ Mn)
    ii. Rest of North America Smart Cards Market Revenue and Forecast, 2016 – 2023 (US$ Mn)
    V. Europe Smart Cards Market Analysis, 2016 – 2023 (US$ Mn & Mn Units)
    A. Overview
    B. Europe Smart Cards Market Analysis, by Type, 2016 – 2023 (US$ Mn & Mn Units)
    a) Overview
    b) Europe Smart Cards Market Revenue and Forecast, by Type, 2016 – 2023 (US$ Mn)
    c) Europe Smart Cards Market, Volume and Forecast, by Type, 2016 – 2023 (Mn Units)
    C. Europe Smart Cards Market Analysis, by Component, 2016 – 2023 (US$ Mn & Mn Units)
    a) Overview
    b) Europe Smart Cards Market Revenue and Forecast, by Component, 2016 – 2023 (US$ Mn)
    c) Europe Smart Cards Market Volume and Forecast, by Component, 2016 – 2023 (Mn Units)
    D. Europe Smart Cards Market Analysis, by Geography, 2016 – 2023 (US$ Mn & Mn Units)
    a) Overview
    b) EU7 (U.K., Italy, Spain, France, Germany, Belgium and Netherlands)
    i. EU7 Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    ii. EU7 Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    c) Commonwealth of Independent States (CIS)
    i. CIS Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    ii. CIS Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    d) Rest of Europe
    i. Rest of Europe Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    ii. Rest of Europe Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    VI. Asia Pacific Smart Cards Market Analysis, 2016 – 2023 (US$ Mn & Mn Units)
    A. Overview
    B. Asia Pacific Smart Cards Market Analysis, by Type, 2016 – 2023 (US$ Mn & Mn Units)
    a) Overview
    b) Asia Pacific Smart Cards Market Revenue and Forecast, by Type, 2016 – 2023 (US$ Mn)
    c) Asia Pacific Smart Cards Market Volume and Forecast, by Type, 2016 – 2023 (Mn Units)
    C. Asia Pacific Smart Cards Market Analysis, by Component, 2016 – 2023 (US$ Mn & Mn Units)
    a) Overview
    b) Asia Pacific Smart Cards Market Revenue and Forecast, by Component, 2016 – 2023 (US$ Mn)
    c) Asia Pacific Smart Cards Market Volume and Forecast, by Component, 2016 – 2023 (Mn Units)
    D. Asia Pacific Smart Cards Market Analysis, by Geography, 2016 – 2023 (US$ Mn & Mn Units)
    a) Overview
    b) Japan
    i. Japan Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    ii. Japan Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    c) China
    i. China Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    ii. China Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    d) South Asia (India, Pakistan, Bangladesh, and Sri Lanka)
    i. South Asia Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    ii. South Asia Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    e) Australasia (Australia, NZ, and New Guinea)
    i. Australasia Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    ii. Australasia Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    f) Rest of Asia Pacific
    i. Rest of Asia Pacific Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    ii. Rest of Asia Pacific Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    VII. Middle East & Africa Smart Cards Market Analysis, 2016 – 2023 (US$ Mn & Mn Units)
    A. Overview
    B. Middle East & Africa Smart Cards Market Analysis, by Type, 2016 – 2023 (US$ Mn & Mn Units)
    a) Overview
    b) Middle East & Africa Smart Cards Market Revenue and Forecast, by Type, 2016 – 2023 (US$ Mn)
    c) East & Africa Smart Cards Market Volume and Forecast, by Type, 2016 – 2023 (Mn Units)
    C. Middle East & Africa Smart Cards Market Analysis, by Component, 2016 – 2023 (US$ Mn & Mn Units)
    a) Overview
    b) Middle East & Africa Smart Cards Market Revenue and Forecast, by Component, 2016 – 2023 (US$ Mn)
    c) Middle East & Africa Smart Cards Market Volume and Forecast, by Component, 2016 – 2023 (Mn Units)
    D. Middle East & Africa Smart Cards Market Analysis, by Geography, 2016 – 2023 (US$ Mn & Mn Units)
    a) Overview
    b) GCC Countries
    i. GCC Countries Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    ii. GCC Countries Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    iii. North Africa
    1. North Africa Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    2. Africa Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    iv. South Africa
    1. South Africa Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    2. South Africa Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    v. Rest of Middle East & Africa
    1. Rest of Middle East & Africa Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    2. Rest of Middle East & Africa Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    VIII. Latin America Smart Cards Market Analysis, 2016 – 2023 (US$ Mn & Mn Units)
    A. Overview
    B. Latin America Smart Cards Market Analysis, by Type, 2016 – 2023 (US$ Mn & Mn Units)
    a) Overview
    b) Latin America Smart Cards Market Revenue and Forecast, by Type, 2016 – 2023 (US$ Mn)
    c) Latin America Smart Cards Market Volume and Forecast, by Type, 2016 – 2023 (Mn Units)
    C. Latin America Smart Cards Market Analysis, by Component, 2016 – 2023 (US$ Mn & Mn Units)
    a) Overview
    b) Latin America Smart Cards Market Revenue and Forecast, by Component, 2016 – 2023 (US$ Mn)
    c) Latin America Smart Cards Market Volume and Forecast, by Component, 2016 – 2023 (Mn Units)
    D. Latin America Smart Cards Market Analysis, by Geography, 2016 – 2023 (US$ Mn & Mn Units)
    a) Overview
    b) Brazil
    i. Brazil Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    ii. Brazil Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    c) Rest of Latin America
    i. Rest of Latin America Smart Cards Market Revenue and Volume, 2016 – 2023 (US$ Mn & Mn Units)
    ii. Rest of Latin America Smart Cards Market Revenue and Volume, 2015 (US$ Mn & Mn Units)
    IX. Company Profiles ( Key Facts, Overview, SWOT Analysis )
     AMERICAN EXPRESS CO.
     ATMEL CORP.
     ATOS
     CITIGROUP INC.
     CUBIC CORP.
     DATANG MICROELECTRONICS
     DATACARD CORP
     DIEBOLD INC
     E-DATA CORP.
     EASTCOMPEACE SMART CARD CO. LTD.
     FUJITSU LTD
     GEMALTO NV
     GIESECKE & DEVRIENT (G&D)
     HENGBAO CO. LTD.
     HYPERCOM CORP.
     INFINEON TECHNOLOGIES AG
     INGENICO CORP.
     INSIDE SECURE SA
     KEYCORP
     LASERCARD CORP.
     LIFESTREAM TECHNOLOGIES INC.
     MASTERCARD INC.
     NXP SEMICONDUCTORS
     OBERTHUR TECHNOLOGIES
     PUBLICARD INC.
     RSA SECURITY INC.
     SHENZHEN CHUANGTONG INTELLIGENCE EQUIPMENT CO. LTD.
     SIEMENS CORP.
     SONY CORP
     STMICROELECTRONICS N.V.
     TEXAS INSTRUMENTS INC.
     THALES SA
     VERIFONE SYSTEM INC
     VISA INTERNATIONAL
     WATCHDATA TECHNOLOGIES
     WUHAN TIANYU

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