Contactless Smart Card Market

Contactless Smart Card Market Research Report – Global Forecast to 2027
Contactless Smart Card
Market Research Report –
Global Forecast to 2027
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Copyright © 2017 Market Research Future.
Contactless Smart Card Market Research Report – Global Forecast to 2027
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Copyright © 2017 Market Research Future.
Contactless Smart Card Market Research Report – Global Forecast to 2027
Summary:
The global contactless smart card market is expected to grow at a CAGR of 18% over the forecast period.
Market Overview:
Contactless smart cards use radio frequency identification (RFID) technology to wirelessly communicate with a
card reader. A copper or aluminum antenna is connected to an integrated circuit (chip) and then securely laminated
inside plastic card body under high heat and pressure. Contactless smart cards range from simple memory cards
with low security and non-volatile memory structure up to high-security crypto-processor cards and Java / Native
operating system (OS) cards.
Contactless smart card systems are being widely used in various applications such as physical security, tracking,
payment systems, and many more. The usage of RFID systems has grown quickly over the last decade and is
rapidly becoming a common part of everyday life. The aim of contactless smart card technology is to provide low
cost “no-touch” communication, which can create an authenticated, and optionally, the encrypted channel of
communication between the card reader and the nearest smartcard.
Study Objective:
To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments
of the Global Contactless Smart Card Market
To provide insights about factors affecting the market growth
To analyze the Contactless Smart Card market based on various factors- price analysis, supply chain analysis,
porter’s five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main
geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segment by type, by application and sub-segments.
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies,
and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments in the Global Contactless Smart Card
Market.
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Contactless Smart Card Market Research Report – Global Forecast to 2027
Regional Analysis:
Asia Pacific region is leading the global contactless smart card market due to the increasing number of forgery
cases and duplicate identity cases. For instance, in Indonesia smart card IDs are rolled out to millions of
government workers, pointing the way forward to future closed systems that offer identification and payment
authentication. The technology is provided by HID Global and its deployment of those cards has come at a lower
cost than similar projects, according to the company and the Indonesian agency overseeing the effort.
The contactless smart cards market is growing in Europe and North America. IDEX, a leading developer of
advanced fingerprint solutions for mass markets, launched a ground-breaking flexible, low power fingerprint
sensor ready to be used in contactless cards operating with standard NFC terminals. The sensor has state of the art
power management which supports biometric card operation without a battery. The sensor is specifically designed
for proven standard mass production processes. North America is expected to emerge as one of the key regional
markets over the forecast period. The growth is mainly attributed to the increasing deployment of cloud-based
contactless payment technologies in various verticals such as transportation. Europe is expected to be another
major region for contactless payments owing to the growing number of smart card rollouts.
Competitive Dashboard:
Some of the key players in the contactless smart card market are ASK (France), Gemalto NV (Netherlands),
Giesecke & Devrient (Germany), Morpho (France), Oberthur Technologies (France), Watchdata System
(Singapore), Advanced Card Systems (China), CardLogix (U.S.), DataCard Corporation (U.S.) and DataCard
Corporation (Germany) among others.
Industry/ Innovation/ Related News:
•
In June 2016, Oberthur Technologies announced the collaboration with Axis Bank to provide India’s first
Contactless Smart Card.
•
In April 2016, Gemalto NV announced the collaboration with Bank of Saudi Arabia for deployment of
contactless EMV payment cards
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Contactless Smart Card Market Research Report – Global Forecast to 2027
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Global Contactless Smart Card Market Research Report: by type (proximity card & CPU/MPU cards), application (BFSI, government, transportation), technology (smartcard integrated circuits, memory smart card), – Forecast till 2027

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