The global Powered Smart Cards market was valued at US$ 708.9 million in 2019 and is expected to reach US$ 1446 million by the end of 2026, growing at a CAGR of 10.6% during 2021-2026.
A smart card, chip card, or integrated circuit card (ICC) is a physical electronic authorization device, used to control access to a resource. It is typically a plastic credit card sized card with an embedded integrated circuit. Many smart cards include a pattern of metal contacts to electrically connect to the internal chip. Others are contactless, and some are both. Smart cards can provide personal identification, authentication, data storage, and application processing. Applications include identification, financial, mobile phones (SIM), public transit, computer security, schools, and healthcare. Smart cards may provide strong security authentication for single sign-on (SSO) within organizations.
Powered Smart Cards use battery-powered smart cards that continuously broadcast their own signal. Powered Smart Cards are commonly used as “beacons” to accurately track the real-time location of assets or in high-speed environments such as tolling. Powered Smart Cards provide a much longer read range than passive tags, but they are also much more expensive.
At present, in developed countries, the Smart Card industry is generally at a more advanced level. The world’s largest enterprises are mainly concentrated in Europe. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level. Smart Card is a technology-intensive industry. Most of products are purchased through the bidding, which need high request to the providers, include the technology, cost, service and so on. With the development in production and technology, Chinese communications operators gradually shift to the domestic manufacturers. It is important for European and North American manufactures to monitor the Asian Market closely and follow any new technologies they may develop or else they may find themselves not able to produce at the speed and with the quality needed.Smart labels market is segmented on the basis of application into banking/payment, access control, and others. In 2018, the banking/payment segment accounted for the largest share of the application segment. The access control segment is projected to grow at a highest CAGR during the forecast period.
Global Powered Smart Cards Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Powered Smart Cards Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Idemia, Gemalto, OrangeTags, Eastcompeace Technology, Dahua Technology, ChuanDa KeHong New Technology, Dynamics, Watchdata Technologies, Shenzhen Marktrace Co., Ltd, Jinco Universal, ELA Innovation, Beijing Tangan, Syris Technology Corp, Guangdong Xinye and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- ≤ 3 Years
- 3-5 Years
- > 5 Years
Segment by Application
- Access Control
In Powered Smart Cards market, Banking/Payment segment holds an important share in terms of application, and it is expected to reach a volume of 116.61 (M Units) by 2025, at a CAGR of 12.36% during 2018 and 2025. It means that Powered Smart Cards will be promising in the Banking/Payment field in the next couple of years.
Table of Content:
1 Powered Smart Cards Market Overview
2 Powered Smart Cards Market Competition by Manufacturers
3 Powered Smart Cards Retrospective Market Scenario by Region
4 Global Powered Smart Cards Historic Market Analysis by Type
5 Global Powered Smart Cards Historic Market Analysis by Application
6 Key Companies Profiled
7 Powered Smart Cards Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Powered Smart Cards Market Dynamics
10 Global Powered Smart Cards Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta