"Smart Strategies, Giving Speed to your Growth Trajectory"

Smart Card Market Size, Share & Industry Analysis, By Product Type (Contact Cards, Contactless Cards, Hybrid Cards, Others), By Applications (Banking & Financial Services, Government & Security Systems, Transportation, Schools, Healthcare, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104614 | Status : Ongoing



Smart cards are generally made up of plastic-based cards with the electronic chip inserted in it and are widely used for information transfer related to the payments, user identification, and control. IC chips embedded in such cards are available in different types that are based on various applications such as meal vouchers and employee benefits, payment gateways, gaming, etc.

Companies are largely introducing technology-based smart cards to provide secure financial solutions to users. For instance, in November 2019, Innovatrics, a Slovakian biometric firm partnered with Japanese tech-firm, MoriX Co. Ltd. to launch a world-first bio-metric smart card that can be authenticated with the fingerprint detection.

Rising information security needs related to the user credentials is expected to drive the consumer demand for the highly secured smart cards. The increasing availability of the small-sized IC chips with better functionality embedded into it is likely to help the companies to provide technology-enabled smart cards to their customers. Besides this, growing consumer demand for smart gadgets is likely to drive the demand for smart cards.

Moreover, the rising number of online shoppers, as well as the e-commerce penetration across the globe, results in the large consumption of the smart cards among the people to make secure transaction activities during product purchases. Additionally, growing transportation facilities such as airplanes, railways, and buses are likely to fuel the demand for smart cards for user identification purposes. For instance, in August 2020, the Government of Delhi, India provided smart cards to the daily metro commutes for user authentication purposes. Such cards can be connected with the mobile application ‘Autope’ so that users can easily pay ticket fares of the metro.

However, the wide availability of the other financial payment methods such as bank drafts, cheques, internet banking is anticipated to limit the demand for smart payment cards.

Up Arrow

Key Market Driver -

Rising information security needs related to user credentials is expected to drive the market growth.

Down Arrow

Key Market Restraint -

Wide availability of alternatives is anticipated to limit the growth of the market.

Key Players Covered:

The key players associated with the global smart card market are, Samsung Electronics Co. Ltd., Sony Corporation, CPI Card Company, Square Inc., Francisco Partners, Inteligensa Group, Infineon Technologies AG, NXP Semiconductors N.V., CARD Corporation, Giesecke & Devrient (G&D) GmbH, Ingenico, and others.

The global smart card market is segmented based on product type, applications, and geography.

By product type, the market is segmented into contact cards, contactless cards, hybrid cards, and others. The contact smart card segment is expected to hold a major share of the market owing to the wide availability of the cost-effective contact smart card readers at the various places such as banks, ATM’s, and others. This results in the large consumption of contact smart cards across the globe.  

Based on applications, the global market is segmented into banking & financial services, government & security systems, transportation, schools, healthcare, and others. The banking and financial services segment is anticipated to hold a major share of the market owing to the large consumption of the smart cards among the people to avail the banking services. According to the report ‘The 2019 Survey of Consumer Payment Choice: Summary Results’, published by the Federal Reserve Bank of Atlanta, in 2019, nearly 82.5% of the U.S. population preferred to use smart debit cards for their daily financial transactions.

Regional Analysis:

By geography, the global smart card market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

The largest share of the Asia Pacific region for the global smart card market is attributed to the large presence of the prominent smart card manufacturers such as Gemplus International S.A., Siepmann’s Card Systems Pvt. Ltd., Shanghai Fudan Microelectronics Group Co. Ltd., and others in the countries such as China, and India which is likely to support the market growth in the region.

Additionally, positive governmental support regarding the development of the commercial infrastructural facilities such as transportation, government, banking, and financial sector and others in the region is likely to support the demand for the smart cards. For instance, in October 2019, The National Payments Corporation of India, launched FASTag smart cards so that users can digitally pay fares at toll plazas and the cards are applicable all over India.

The European region is anticipated to grow at a considerable rate for the market owing to the increasing number of transactions with the help of smart debit and credit cards in countries such as the U.K., and France which give rise to the demand for the smart cards in the region. According to the report ‘UK Payment Markets Summary 2019’, presented by the UK Finance Organisation, in the U.K., about 15,000 million payments were made by the people with the help of smart debit cards in 2018 up from 10,000 million in 2015. Additionally, the presence of a large number of the higher income group of the population coupled with their spending for smart gadgets is likely to support the market growth in the region. 

To gain extensive insights into the market, Request for Customization




By Product Type

  • Contact Cards

  • Contactless Cards

  • Hybrid Cards

  • Others

By Applications

  • Banking & Financial Services

  • Government & Security Systems

  • Transportation

  • Schools

  • Healthcare

  • Others

By Geography

  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)

Key Industry Developments:

  • In September 2020, Onyx CenterSource Company, a U.S. based leading player launched a new virtual smart credit card for hospitality & travel clients. This essentially helps the company to closely manage or restrict the use to boost security, first contact resolution, and lessen inquiries.

  • In October 2019, IDEMIA, a France based firm specialized in the augmented identity acquired XCore Technologies, a metal payment card manufacturer to add metal-based contactless payment cards in its product portfolio.

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients


Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.