February 23, 2021 4:51 am

Contactless Smart Card Market 2021 Trend Analysis, End Users, Growth Opportunities, Leading Players and 2027 Outlook

MARKET INTRODUCTION

A contactless smart card is an embedded integrated circuit that can store data and communicate with a terminal through Near-Field-Communication (NFC). It uses radiofrequency technology in order to interact with the reader. These cards have antennas integrated inside the card that allows communication with the reader without physical contact. The contactless smart card market is swiftly increasing owing to its growing benefits such as speed, ease of use, and versatility. Its applications include access control, parking, cashless vending, road toll, student, and employee ID’s in government and corporate environments.

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MARKET DYNAMICS

The contactless interfaces to boost the adoption of smart cards drive the growth of the contactless smart card market. However, the high initial cost may restrain the development of the contactless smart card market. Furthermore, the growing consumer inclination toward cashless payments, together with the rising adoption of devices, is anticipated to witness massive demand during the forecast period.

MARKET SCOPE

The “Global Contactless Smart Card Market Analysis to 2027” is a specialized and in-depth study of the contactless smart card market with a special focus on the global market trend analysis. The report aims to provide an overview of contactless smart card market with detailed market segmentation by type, technology, application and geography. The global contactless smart card market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading contactless smart card market players and offers key trends and opportunities in the contactless smart card market.

MARKET SEGMENTATION

The global contactless smart card market is segmented on the basis of type, technology and application. On the basis of type, the market is segmented as proximity card and CPU/MPU cards. On the basis of technology, the market is segmented as smartcard integrated circuits, memory smart card, microprocessor smart card, and others. On the basis of application, the market is segmented as government, BFSI, healthcare, retail, and others.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Contactless Smart Card market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Contactless Smart Card market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Contactless Smart Card market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Contactless Smart Card market in these regions

MARKET PLAYERS

The reports cover key developments in the contactless smart card market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from contactless smart card market are anticipated to lucrative growth opportunities in the future with the rising demand for contactless smart card market. Below mentioned is the list of few companies engaged in the contactless smart card market.

The report also includes the profiles of key contactless smart card market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
Advanced Card Systems Ltd.

  • ASK (Paragon ID)
  • Bartronics India Limited
  • CardLogix Corporation
  • EZ-Link Pte Ltd Co.
  • Giesecke+Devrient Mobile Security GmbH
  • HID Global Corporation/ASSA ABLOY AB
  • Identiv, Inc
  • MoreRfid
  • Universal Smart Cards Limited

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Prashant Tambe

An expert in SEO, Prashant carries an experience of over five years in the industry. He has the ability to analyze global industry trends that helps the leaders to make smarter decisions. An electrical, electronics and communication engineer, Prashant is able to predict future trends as they are changing fast with technological development.

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