Biometric Payment Card Market Report: Trends, Forecast and Competitive Analysis to 2030

Biometric Payment Card Trends and Forecast

The future of the global biometric payment card market looks promising with opportunities in the retail, transportation, healthcare, hospitality, and government markets. The global biometric payment card market is expected to reach an estimated $565.6 million by 2030 with a CAGR of 34.5% from 2024 to 2030. The major drivers for this market are increasing demand for personalized cards, growth of e-commerce, and increasing adoption of contactless payments.

A more than 150-page report is developed to help in your business decisions.

Biometric Payment Card by Segment

The study includes a forecast for the global biometric payment card by card type, end use, and region.

Biometric Payment Card Market by Card Type [Shipment Analysis by Value from 2018 to 2030]:

• Credit Cards
• Debit Cards

Biometric Payment Card Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Retail
• Transportation
• Healthcare
• Hospitality
• Government
• Others

Biometric Payment Card Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Biometric Payment Card Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies biometric payment card companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the biometric payment card companies profiled in this report include-

• Bio-idz
• Goldpac Fintech
• Infineon Technologies
• MasterCard
• NXP Semiconductors
• Thales Group
• Visa

Biometric Payment Card Market Insights

Lucintel forecasts that credit card will remain the largest segment over the forecast period due to significant demand for biometric credit cards from consumers who are looking for a more secure and convenient way to pay for goods and services.

Within this market, retail will remain the larger segment due to substantial demand for biometric payment cards from retailers to improve security and reduce fraud.

North America will remain the largest region over the forecast period due to rising government initiatives to promote the adoption of biometric payment cards among population of the region.

Features of the Global Biometric Payment Card Market

Market Size Estimates: Biometric payment card market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Biometric payment card market size by card type, end use, and region in terms of value ($M).

Regional Analysis: Biometric payment card market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different card types, end uses, and regions for the biometric payment card market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the biometric payment card market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the biometric payment card market size?

Answer: The global biometric payment card market is expected to reach an estimated $565.6 million by 2030.

Q2. What is the growth forecast for biometric payment card market?

Answer: The global biometric payment card market is expected to grow with a CAGR of 34.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the biometric payment card market?

Answer: The major drivers for this market are increasing demand for personalized cards, growth of e-commerce, and increasing adoption of contactless payments.

Q4. What are the major segments for biometric payment card market?

Answer: The future of the biometric payment card market looks promising with opportunities in the retail, transportation, healthcare, hospitality, and government markets.

Q5. Who are the key biometric payment card market companies?

Answer: Some of the key biometric payment card companies are as follows:

• Bio-idz
• Goldpac Fintech
• Infineon Technologies
• MasterCard
• NXP Semiconductors
• Thales Group
• Visa

Q6. Which biometric payment card market segment will be the largest in future?

Answer: Lucintel forecasts that credit card will remain the largest segment over the forecast period due to significant demand for biometric credit cards from consumers who are looking for a more secure and convenient way to pay for goods and services.

Q7. In biometric payment card market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to rising government initiatives to promote the adoption of biometric payment cards among population of the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the biometric payment card market by card type (credit cards and debit cards), end use (retail, transportation, healthcare, hospitality, government, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?