Smart cards are pocket-sized cards that contain integrated circuits and can be used for individual identification and authentication by organizations across various sectors.
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The prospects for growth in this market will be driven by factors like the high convenience of contactless smart cards and the augmented utilization of contactless smart cards by governments to address their rising need for security.
The rising need for a tamper-resistant system will be the key driver for the growth of this market. Smart cards with magnetic strips have the capability to store financial information about end users.
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However, these cards can easily be tampered with, which will result in the loss of personal information or data. Since contactless smart cards with PIN codes are difficult to tamper with, they are increasingly being adopted to bolster the safety of the card holder’s accounts.
The need for contactless smart cards will grow for transit application due to the growing need for improved travel options and convenient payment options. Revenue of the market will increase by 2022 because of the rise in the integration of biometric technologies in smart cards that can be used at airports in for individual identification and authentication.
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Smart cards are classified into two types: contact-based and contactless. Contactless smart cards are embedded with integrated circuits that process and store data and communicate with a terminal via radio frequencies.
These cards are used by employing a radio frequency between the card and the reader that needs no physical insertion of the card. Therefore, contactless smart cards have faster applications and are user-friendly.
Contactless smart cards are widely accepted and used by major sectors such as BFSI, Government, Transportation, Healthcare, and Defense.
According to the latest report, the number of fraud and forgery cases has increased as technology progresses. Contactless smart cards can provide a one-stop solution to the issue, as these cards are accessed with the help of a PIN and are not easy to decode.
Because the information is stored on a parent system, this PIN becomes exceptionally difficult to interpret.
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This report studies Contactless Smart Card in Global market, especially in North America, Europe, China, Japan, Korea and Taiwan, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
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Table of Content:-
Global Contactless Smart Card Market Research Report 2016
1 Contactless Smart Card Market Overview
1.1 Product Overview and Scope of Contactless Smart Card
1.2 Contactless Smart Card Segment by Type
1.2.1 Global Production Market Share of Contactless Smart Card by Type in 2015
1.2.2 Type I
1.2.3 Type II
1.2.4 Type III
1.3 Contactless Smart Card Segment by Application
1.3.1 Contactless Smart Card Consumption Market Share by Application in 2015
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Contactless Smart Card Market by Region
1.4.1 North America Status and Prospect (2011-2021)
1.4.2 Europe Status and Prospect (2011-2021)
1.4.3 China Status and Prospect (2011-2021)
1.4.4 Japan Status and Prospect (2011-2021)
1.4.5 Korea Status and Prospect (2011-2021)
1.4.6 Taiwan Status and Prospect (2011-2021)
1.5 Global Market Size (Value) of Contactless Smart Card (2011-2021)
2 Global Contactless Smart Card Market Competition by Manufacturers
2.1 Global Contactless Smart Card Production and Share by Manufacturers (2015 and 2016)
2.2 Global Contactless Smart Card Revenue and Share by Manufacturers (2015 and 2016)
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