Smart cards are used for individual authentication and identification, payments, as a transit ticket, and for authorized access within secured premises.

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Global Contactless Smart Card Market Threats, Analysis,
Key Players, Growth, and Forecast 2026
July 2017

2. Overview
 Smart cards are pocket-sized cards made of plastic, which can be embedded with microchip or integrated circuits
and then process and store data. Smart cards are used for individual authentication and identification, payments,
as a transit ticket, and for authorized access within secured premises. Types of smart cards are contact-based
smart cards and contactless smart cards. Contactless smart cards function on radio frequency technology for
communication between smart cards and smart card reader, while contact-based smart cards need to come in
contact with the card reader to function.
 Primary factors driving growth of the global contactless smart card market are increasing incidence of forgery and
duplication of identity owing to technological advancements in the recent past. In addition, these cards are PIN
protected and difficult to decode due to which, they can be used for contactless payments. Increasing adoption in
sectors such as BSFI, retail, transportation, hospitality, and government is further boosting demand for contactless
smart cards. In addition, governments in several developed countries are making this technology mandatory for
passport and drivers licenses. Moreover, use of contactless smart cards for transit application to provide
convenient payment option is expected to further fuel growth of the global contactless smart card market.
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Increasing forgery and identity duplication incidence driving growth of global contactless smart card market, with
APAC gaining traction in future.
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3. Contactless Smart Card Market Overview
 Factors restraining growth of the global contactless smart card market are that they can still be tampered with or
stolen, and these lack user mobility (i.e. they can be used only if a smart card reader is available). Privacy concerns
related to financial credentials on metal strip and failure rate of contactless smart card is high as they are made of
plastic and micro-chips, which is major challenge in the global contactless smart card market currently.
 The global contactless smart card market is segmented on the basis of type, application, and region.
 Asia Pacific dominates the market in terms of revenue generation and is expected to further witness significant
growth during the forecast period. Demand for contactless smart cards is relatively high in the market in Asia
Pacific because of increasing fraud and identity duplication cases in countries in the region. Revenue from the
market in Asia Pacific is expected to expand at a CAGR of XX% during the forecast period. Europe is expected to be
the second largest market for contactless smart card over the forecast period.
3
Details:
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4.  Proximity Cards
 CPU/MPU cards
4
By Type
 North America
 Europe
 Asia Pacific
 Latin America
 Middle East & Africa
By Region
 Proximity Cards
 CPU/MPU cards
By Application
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5. Contactless Smart Card Market Report Includes Regional Growth Rate
(CAGR %)
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North America Contactless Smart Card
Market Growth:
 North America Contactless Smart Card
market was valued at US$ XX billion in 2017.
Europe Contactless Smart Card Market
Growth:
Europe Contactless Smart Card market expected
to grow at CAGR of XX% during forecast 2026.
Asia-Pacific Contactless Smart Card
Market Growth:
Asia Pacific Contactless Smart Card market is
expected to reach US$ XX billion over the
forecast 2026.
Middle East Contactless Smart Card
Market Growth:
 The Middle East & Africa Contactless Smart
Card market expected to cross US$ XX billion
during the forecast period 2017 to 2026.
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
XX.XX% XX%
XX.XX% XX%
XX.XX% XX%
XX.XX% XX%
XX%XX.XX%
Latin America
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6. Key Players Profiled Contactless Smart Card Market Include:
 ASK
 Gemalto
 Giesecke & Devrient
 Morpho
 Oberthur Technologies
 Watchdata System
 Advanced Card Systems
 CardLogix
 DataCard
 Infineon Technologies
 NXP Semiconductors
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Key Companies Mentioned are:
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7. Research Methodology
# includes sources of databases
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
 Market Participants
 Key Strengths
 Product Portfolio
 Mapping as per Value Chain
 Key Focus Segments
 Key Industry Experts
 Channel Study
 Developments
 Market Changing aspects/
Dynamics
 Products
 Conclusion
 Identifying key opinion
leaders
 Questionnaire design
 In-depth interviews
 Coverage across value chain
Primary Research# Secondary Research# Paid Publications#
 Linkedin
 Zoominfo
 Salesforce
 OneSource
 Company Websites
 Company Annual
Reports
 White Papers
 Financial Reports
 Factiva
 GBI
 Genios
 Meltwater
A B
C
Primary
Research
Desk
Research
Company
Analysis
SOLUTION
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8. 8
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