Smart cards are made of plastic materials such as polyvinyl chloride, polyethylene terephthalate based polyesters, polycarbonate, and other materials. They are used in various applications in different disguise such as ATM cards, authorization cards, fuel cards in financial sector, as SIM cards in mobile phones, as authentication cards, as a security token in computer applications, and others.
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Smart card Market is a type of chip card that functions as a security token with compiled embedded computer-chip. The computer chip installed in a smart card can either be microcontroller- or memory based, that stores and transit the data.
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Based on product type, the smart cards market is segmented into contact cards, contact-less cards, hybrid smart cards, and dual-interface smart cards. As per component the market is segmented into microcontroller-based and memory-based smart card.
By industry vertical smart cards market is divided into IT & telecommunication, BFSI, retail & consumer goods, media & entertainment, and others. The market is further analyzed across four geographic regions including North America, Europe, Asia-Pacific, and LAMEA.
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Increase in need for improved security and reliability in online transactions
Growing acceptance for high capacity SIM cards
Increase in investments for smart cards projects
Rise in number of smartphone users
High initial costs to alter the card reader infrastructure to make it compatible with the new versions
The key industry leaders in the global smart cards market include Smart Card IT Solutions Limited, Infineon Technologies AG, Morpho S.A.S., Oberthur Technologies, Watchdata Technologies, CPI Card Group Inc, Gemalto N.V., Atmel Corporation, Fujitsu Limited, Thales SA, and STMicroelectronics N.V.
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By Product Type
o Contact Cards
o Contact-less Cards
o Hybrid Smart Cards
o Dual Interface Smart Cards
By Industry Vertical
o IT & Telecommunication
o Banking, Financial Services, and Insurance (BFSI)
o Retail & Consumer Goods
o Media & Entertainment
- North America
o Rest Of Europe
o South Korea
o Saudi Arabia
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