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Global Contactless Smart Card Market Threats, Analysis, Key Players, Growth, and Forecast 2026

Increasing forgery and identity duplication incidence driving growth of global contactless smart card market, with APAC gaining traction in future. Smart cards are pocket-sized cards made of plastic, which can be embedded with microchip or integrated circuits and then process and store data. Smart cards are used for individual authentication and identification, payments, as a transit ticket, and for authorized access within secured premises. Types of smart cards are contact-based smart cards and contactless smart cards. Contactless smart cards function on radio frequency technology for communication between smart cards and smart card reader, while contact-based smart cards need to come in contact with the card reader to function. Primary factors driving growth of the global contactless smart card market are increasing incidence of forgery and duplication of identity owing to technological advancements in the recent past. In addition, these cards are PIN protected and difficult to decode due to which, they can be used for contactless payments. Increasing adoption in sectors such as BSFI, retail, transportation, hospitality, and government is further boosting demand for contactless smart cards. In addition, governments in several developed countries are making this technology mandatory for passport and drivers licenses. Moreover, use of contactless smart cards for transit application to provide convenient payment option is expected to further fuel growth of the global contactless smart card market. Factors restraining growth of the global contactless smart card market are that they can still be tampered with or stolen, and these lack user mobility (i.e. they can be used only if a smart card reader is available). Privacy concerns related to financial credentials on metal strip and failure rate of contactless smart card is high as they are made of plastic and micro-chips, which is major challenge in the global contactless smart card market currently. The global contactless smart card market is segmented on the basis of type, application, and region. Asia Pacific dominates the market in terms of revenue generation and is expected to further witness significant growth during the forecast period. Demand for contactless smart cards is relatively high in the market in Asia Pacific because of increasing fraud and identity duplication cases in countries in the region. Revenue from the market in Asia Pacific is expected to expand at a CAGR of XX% during the forecast period. Europe is expected to be the second largest market for contactless smart card over the forecast period. Global contactless smart card market segmentation by type:
  • Proximity Cards
  • CPU/MPU cards
Global contactless smart card market segmentation by application:
  • Banking, financial services and insurance (BFSI)
  • Government and corporate IDs
  • Transportation
  • Healthcare
  • Hospitality
  • Defense
Global contactless smart card market segmentation by region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key players profiled in the global contactless smart card market report:
  • ASK
  • Gemalto
  • Giesecke & Devrient
  • Morpho
  • Oberthur Technologies
  • Watchdata System
  • Advanced Card Systems
  • CardLogix
  • DataCard
  • Infineon Technologies
  • NXP Semiconductors
Report Structure: In the first section of the report we offer a table of content, followed by a list of figures. The next section offers a definition and brief explanation of the various products and segmentation of the target market, along with a list of acronyms and sources used to gather and analyze data and information. The third section of the report entails a brief list of drivers, restraints, opportunities, and threats (DROTs) in the target market. The report also offers insights on various trends in regions, countries, and markets as per segmentation, as well as insights and crucial information obtained from various sources including primary and secondary, annual reports, the Internet and others. The final section comprises detailed profiles of key players in the target market and a SWOT analysis of each company, apart from strategies, acquisitions and mergers. Objective of Report: Sections of the report are created and designed specifically to offer readers a clear, clean, and insights into historical, estimated, and revenue (US$ Mn/Bn) estimation and projection, Compounded Annual Growth Rate (CAGR %), and volume in measure as applicable to the target product/market. We offer illustrations, charts, tables, and figures to support our findings and analysis, in addition to key finding for markets in regions and countries. Who we are and what we do: Market.biz is a pioneering company in the fields of market research and analytical reporting. Our services enable clients to enhance business efficiency and focus on other core aspects of operations, while we take care of market research and reporting needs. Market.biz conducts and executes detailed and in-depth research and analysis across all relevant domains and offers accurate and insightful estimations and forecasts to enable clients to take well-informed and crucial decisions in their respective industries, sectors, or companies. Market.biz has access to the world’s most comprehensive and up-to-date databases in any business sector, as we understand the specific and varying needs of our clients. We offer updated reports to keep up with the changing scenarios in global markets and strive to ensure that only the utmost quality is established and maintained in every single report we produce. Our reports are conveniently designed and structured and are visually-pleasing. We provide a detailed analysis outlook of competitive markets and identify and study new and emerging trends and other crucial aspects and factors impacting or driving market growth. We also offer insights regarding new and emerging opportunities in the market and present the information in a comprehensive report focused on your respective market or sector.
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About this Report
Report ID 147994
Category
  • Technology and Media
Published on Upcoming
Number of Pages NA
Publisher Name Prudour
Editor Rating
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