Powered Smart Card Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

Smart cards, which are integrated circuit (IC)-based cards, are designed to store and retrieve information using various computer systems. These cards primarily serve as cost-effective devices to store, manage, and maintain credentials for end users. Microcontroller-based powered smart cards offer intelligent communication capabilities and on-card dynamic data processing abilities.

The demand for microcontroller-based powered smart cards is mainly driven by their added security over memory-based smart cards. These smart cards utilize a card operating system (COS), akin to the Disk Operating Systems (DOS) found in computers, enhancing their functionality and security features.

The growing adoption of microcontroller-based powered smart cards in the banking and financial sectors, particularly EMV cards in regions such as Asia Pacific and the U.S., is expected to significantly drive the expansion of the global powered smart card market in the coming years.

Powered Smart Card Market Trends

The global powered smart card market is witnessing several key trends. One major trend is the increasing demand for secure and reliable payment transactions. As financial transactions become more digital, the need for enhanced security measures is paramount, driving the adoption of powered smart cards. These cards are also gaining popularity in improving security for offices, residential, and commercial buildings.

Another significant trend is the rising number of mobile phone connection subscribers worldwide. As mobile connectivity grows, the integration of smart card technology in mobile devices is expected to rise, further propelling market growth. The adoption of smart cards for mobile payments, identification, and authentication purposes is becoming increasingly common, contributing to the overall expansion of the market.

Market Restraints

Despite the positive growth trends, the powered smart card market faces several challenges. High costs associated with migrating to powered smart cards pose a significant barrier. The transition from traditional payment systems to smart card-based systems requires substantial investment in infrastructure and technology, which can be a deterrent for some businesses and organizations.

Additionally, the exploitation of stolen or lost contactless cards is a major concern. While smart cards offer enhanced security features, the risk of unauthorized use in the event of loss or theft remains a critical issue. Technical challenges faced by enterprises in integrating and managing smart card systems also act as restraints, hindering the widespread adoption of this technology.

Market Opportunities

Despite these challenges, the global powered smart card market presents numerous growth opportunities. One major opportunity lies in the convergence of powered smart cards with additional services. Card issuing companies can enhance their offerings by integrating value-added services such as loyalty programs, access control, and secure authentication, making smart cards more appealing to end users.

Furthermore, the increasing emphasis on digital transformation across various sectors presents a significant opportunity for market growth. Governments and organizations worldwide are focusing on digitizing their operations, which includes adopting smart card technology for secure identification, payment, and access control purposes.

Regional Outlook

The global powered smart card market is segmented into several regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. In terms of revenue, the markets in Asia Pacific and Europe are anticipated to register substantial growth rates during the forecast period.

North America currently holds the largest market share for powered smart cards, and this trend is expected to continue in the coming years. The region's strong presence in the financial and technological sectors, coupled with a high adoption rate of advanced security technologies, drives the dominance of North America in the powered smart card market.

Europe and Asia Pacific are also expected to increase their respective shares in the global powered smart card market. The rising adoption of smart card technology in these regions, driven by government initiatives and increasing demand for secure payment solutions, is likely to contribute to their market growth.

COVID-19 Impact

The COVID-19 pandemic has significantly impacted economies and sectors worldwide, including the powered smart card market. Trade and movement restrictions, lockdowns, and manufacturing disruptions have affected various industries. However, the pandemic has also created an opportunity for the powered smart card market.

The outbreak has accelerated the adoption of contactless payments to facilitate social distancing and combat the spread of the virus. As a result, the revenue generated by contactless smart cards is expected to expand at a high rate. The increasing adoption of contactless payment solutions across the globe is likely to drive the growth of the powered smart card market in the post-pandemic era.

Analysts' Viewpoint

The global powered smart card market is projected to expand at an impressive rate over the forecast period. Market players can look to North America, where the market is expected to retain its dominance. However, Europe and Asia Pacific are regions that will also offer numerous lucrative opportunities for stakeholders looking to increase their market share and profits in the powered smart card market space in the coming years.

Competitive Analysis

The competitive Analysis of the global powered smart card market includes several key players:

Safran Identity and Security (Morpho SA)
Oberthur Technologies
Gemalto NV
Giesecke & Devrient GmbH
Eastcompeace Technology Co. Ltd.
Watchdata Technologies Ltd.
Datang Telecom Technology Co. Ltd.
Wuhan Tianyu Information Industry Co. Ltd.
Infineon Technologies AG
NXP Semiconductors N.V.
Shanghai Huahong Integrated Circuit Co. Ltd.
Samsung
Texas Instruments Incorporated

These companies are focusing on innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position and expand their product offerings.

Powered Smart Card Market: Segmentation

Fairfield Market Research's research study on the global powered smart card market offers a detailed market taxonomy, wherein key segments have been discussed in detail. The segmentation of the powered smart card market is based on type, application, and region. Each segment has been analyzed comprehensively, with data pertaining to the growth of each segment included in the study.

Type

Contactless Cards
Hybrid Cards
Dual-interface Cards

Application

Government
Healthcare
Transportation
Financial Services, Retail, & Loyalty
Telecommunications
Pav TV
Energy & Utility (Smart Meters for Electricity, Water, & Gas)

Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

1. Executive Summary

1.1. Global Powered Smart Card Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2019-2023

3.1. Global Powered Smart Card Production Output, by Region, Value (US$ Bn) and Volume (Units), 2019-2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2023

4.1. Global Average Price Analysis, by Product, US$ Per Unit, 2023
4.2. Prominent Factor Affecting Powered Smart Card Prices
4.3. Global Average Price Analysis, by Region, US$ Per Unit, 2023

5. Global Powered Smart Card Market Outlook, 2019-2031

5.1. Global Powered Smart Card Market Outlook, By Type, Value (US$ Bn) and Volume (Units), 2019-2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Contactless Cards
  - 5.1.1.2. Dual-interface Cards
  - 5.1.1.3. Hybrid Cards
5.2. Global Powered Smart Card Market Outlook, By Application, Value (US$ Bn) and Volume (Units), 2019-2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Government
  - 5.2.1.2. Transportation
  - 5.2.1.3. Healthcare
  - 5.2.1.4. Telecommunications
  - 5.2.1.5. Pav TV
  - 5.2.1.6. Financial Services, Retail & Loyalty
  - 5.2.1.7. Energy & Utility
5.3. Global Powered Smart Card Market Outlook, by Region, Value (US$ Bn) and Volume (Units), 2019-2031
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Powered Smart Card Market Outlook, 2019-2031

6.1. North America Powered Smart Card Market Outlook, By Type, Value (US$ Bn) and Volume (Units), 2019-2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Contactless Cards
  - 6.1.1.2. Dual-interface Cards
  - 6.1.1.3. Hybrid Cards
6.2. North America Powered Smart Card Market Outlook, By Application, Value (US$ Bn) and Volume (Units), 2019-2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Government
  - 6.2.1.2. Transportation
  - 6.2.1.3. Healthcare
  - 6.2.1.4. Telecommunications
  - 6.2.1.5. Pav TV
  - 6.2.1.6. Financial Services, Retail & Loyalty
  - 6.2.1.7. Energy & Utility
6.3. North America Powered Smart Card Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019-2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 6.3.1.2. U.S. Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 6.3.1.3. Canada Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 6.3.1.4. Canada Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Powered Smart Card Market Outlook, 2019-2031

7.1. Europe Powered Smart Card Market Outlook, By Type, Value (US$ Bn) and Volume (Units), 2019-2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Contactless Cards
  - 7.1.1.2. Dual-interface Cards
  - 7.1.1.3. Hybrid Cards
7.2. Europe Powered Smart Card Market Outlook, By Application, Value (US$ Bn) and Volume (Units), 2019-2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Government
  - 7.2.1.2. Transportation
  - 7.2.1.3. Healthcare
  - 7.2.1.4. Telecommunications
  - 7.2.1.5. Pav TV
  - 7.2.1.6. Financial Services, Retail & Loyalty
  - 7.2.1.7. Energy & Utility
7.3. Europe Powered Smart Card Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019-2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 7.3.1.2. Germany Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 7.3.1.3. U.K. Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 7.3.1.4. U.K. Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 7.3.1.5. France Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 7.3.1.6. France Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 7.3.1.7. Italy Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 7.3.1.8. Italy Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 7.3.1.9. Turkiye Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 7.3.1.10. Turkiye Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 7.3.1.11. Russia Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 7.3.1.12. Russia Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 7.3.1.13. Rest of Europe Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 7.3.1.14. Rest of Europe Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Powered Smart Card Market Outlook, 2019-2031

8.1. Asia Pacific Powered Smart Card Market Outlook, By Type, Value (US$ Bn) and Volume (Units), 2019-2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Contactless Cards
  - 8.1.1.2. Dual-interface Cards
  - 8.1.1.3. Hybrid Cards
8.2. Asia Pacific Powered Smart Card Market Outlook, By Application, Value (US$ Bn) and Volume (Units), 2019-2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Government
  - 8.2.1.2. Transportation
  - 8.2.1.3. Healthcare
  - 8.2.1.4. Telecommunications
  - 8.2.1.5. Pav TV
  - 8.2.1.6. Financial Services, Retail & Loyalty
  - 8.2.1.7. Energy & Utility
8.3. Asia Pacific Powered Smart Card Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019-2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 8.3.1.2. China Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 8.3.1.3. Japan Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 8.3.1.4. Japan Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 8.3.1.5. South Korea Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 8.3.1.6. South Korea Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 8.3.1.7. India Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 8.3.1.8. India Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 8.3.1.9. Southeast Asia Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 8.3.1.10. Southeast Asia Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 8.3.1.11. Rest of Asia Pacific Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 8.3.1.12. Rest of Asia Pacific Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Powered Smart Card Market Outlook, 2019-2031

9.1. Latin America Powered Smart Card Market Outlook, By Type, Value (US$ Bn) and Volume (Units), 2019-2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Contactless Cards
  - 9.1.1.2. Dual-interface Cards
  - 9.1.1.3. Hybrid Cards
9.2. Latin America Powered Smart Card Market Outlook, By Application, Value (US$ Bn) and Volume (Units), 2019-2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Government
  - 9.2.1.2. Transportation
  - 9.2.1.3. Healthcare
  - 9.2.1.4. Telecommunications
  - 9.2.1.5. Pav TV
  - 9.2.1.6. Financial Services, Retail & Loyalty
  - 9.2.1.7. Energy & Utility
9.3. Latin America Powered Smart Card Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019-2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 9.3.1.2. Brazil Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 9.3.1.3. Mexico Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 9.3.1.4. Mexico Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 9.3.1.5. Argentina Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 9.3.1.6. Argentina Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 9.3.1.7. Rest of Latin America Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 9.3.1.8. Rest of Latin America Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Powered Smart Card Market Outlook, 2019-2031

10.1. Middle East & Africa Powered Smart Card Market Outlook, By Type, Value (US$ Bn) and Volume (Units), 2019-2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Contactless Cards
  - 10.1.1.2. Dual-interface Cards
  - 10.1.1.3. Hybrid Cards
10.2. Middle East & Africa Powered Smart Card Market Outlook, By Application, Value (US$ Bn) and Volume (Units), 2019-2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Government
  - 10.2.1.2. Transportation
  - 10.2.1.3. Healthcare
  - 10.2.1.4. Telecommunications
  - 10.2.1.5. Pav TV
  - 10.2.1.6. Financial Services, Retail & Loyalty
  - 10.2.1.7. Energy & Utility
10.3. Middle East & Africa Powered Smart Card Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019-2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 10.3.1.2. GCC Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 10.3.1.3. South Africa Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 10.3.1.4. South Africa Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 10.3.1.5. Egypt Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 10.3.1.6. Egypt Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 10.3.1.7. Nigeria Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 10.3.1.8. Nigeria Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
  - 10.3.1.9. Rest of Middle East & Africa Powered Smart Card Market By Type, Value (US$ Bn) and Volume (Units), 2019-2031
  - 10.3.1.10. Rest of Middle East & Africa Powered Smart Card Market By Application, Value (US$ Bn) and Volume (Units), 2019-2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Company Market Share Analysis, 2023
11.2. Competitive Dashboard
11.3. Company Profiles
- 11.3.1. Safran Identity and Security (Morpho SA)
  - 11.3.1.1. Company Overview
  - 11.3.1.2. Product Portfolio
  - 11.3.1.3. Financial Overview
  - 11.3.1.4. Business Strategies and Development
- 11.3.2. Gemalto NV
  - 11.3.2.1. Company Overview
  - 11.3.2.2. Product Portfolio
  - 11.3.2.3. Financial Overview
  - 11.3.2.4. Business Strategies and Development
- 11.3.3. Oberthur Technologies
  - 11.3.3.1. Company Overview
  - 11.3.3.2. Product Portfolio
  - 11.3.3.3. Financial Overview
  - 11.3.3.4. Business Strategies and Development
- 11.3.4. Giesecke & Devrient GmbH
  - 11.3.4.1. Company Overview
  - 11.3.4.2. Product Portfolio
  - 11.3.4.3. Financial Overview
  - 11.3.4.4. Business Strategies and Development
- 11.3.5. Watchdata Technologies Ltd.
  - 11.3.5.1. Company Overview
  - 11.3.5.2. Product Portfolio
  - 11.3.5.3. Financial Overview
  - 11.3.5.4. Business Strategies and Development
- 11.3.6. Eastcompeace Technology Co. Ltd.
  - 11.3.6.1. Company Overview
  - 11.3.6.2. Product Portfolio
  - 11.3.6.3. Financial Overview
  - 11.3.6.4. Business Strategies and Development
- 11.3.7. Datang Telecom Technology Co., Ltd.
  - 11.3.7.1. Company Overview
  - 11.3.7.2. Product Portfolio
  - 11.3.7.3. Financial Overview
  - 11.3.7.4. Business Strategies and Development
- 11.3.8. Infineon Technologies AG
  - 11.3.8.1. Company Overview
  - 11.3.8.2. Product Portfolio
  - 11.3.8.3. Financial Overview
  - 11.3.8.4. Business Strategies and Development
- 11.3.9. NXP Semiconductors N.V.
  - 11.3.9.1. Company Overview
  - 11.3.9.2. Product Portfolio
  - 11.3.9.3. Financial Overview
  - 11.3.9.4. Business Strategies and Development
- 11.3.10. Samsung
  - 11.3.10.1. Company Overview
  - 11.3.10.2. Product Portfolio
  - 11.3.10.3. Financial Overview
  - 11.3.10.4. Business Strategies and Development
- 11.3.11. Texas Instruments Incorporated
  - 11.3.11.1. Company Overview
  - 11.3.11.2. Product Portfolio
  - 11.3.11.3. Financial Overview
  - 11.3.11.4. Business Strategies and Development
- 11.3.12. Shanghai Huahong Integrated Circuit Co., Ltd.
  - 11.3.12.1. Company Overview
  - 11.3.12.2. Product Portfolio
  - 11.3.12.3. Financial Overview
  - 11.3.12.4. Business Strategies and Development
- 11.3.13. Wuhan Tianyu Information Industry Co., Ltd.
  - 11.3.13.1. Company Overview
  - 11.3.13.2. Product Portfolio
  - 11.3.13.3. Financial Overview
  - 11.3.13.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations