The Asia Pacific Dual Interface Payment Card Market would witness market growth of 17.3% CAGR during the forecast period (2022-2028).
The ability to use the cards for performing contact or contactless payments gives customers options when using the dual interface payment cards. Due to this, customers all around the world are starting to favour dual interface payment cards. Consumers also choose dual interface cards since payments are processed quickly and there are fewer lines at the register. Additionally, these cards provide advantages including longer card lifespan and fraud protection due to the use of the more dependable and safe tap-to-pay technology.
There is an increase in the desire for contactless payments among consumers and enterprises. Moreover, the market for dual interface payment cards is anticipated to develop as a result of the growing partnerships to introduce contactless credit cards particularly created for small businesses. For example, Verizon announced its collaboration with MasterCard and FNBO in June 2022. The introduction of small-scale business credit cards was the goal of this alliance. With these recently introduced cards, small businesses might use Verizon Business Dollars toward equipment or workplace clothes.
With strong expansion in the consumer electronics sector and rising demand for loyalty cards, East Asia is regarded as the most promising region in the dual interface smart card market. Regarding the growth of dual interface smart card as well as semiconductor industries with regard to data privacy and encryption technologies, regional trends and regulatory rules are crucial. Several opportunities are being created in the region as a result of favourable regulatory compliances and persistent demand from the telecoms, e-Commerce, BFSI, and retail marketing industries for smart cards in rising nations like China and India.
The China market dominated the Asia Pacific Dual Interface Payment Card Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,558 million by 2028. The Japan market is estimated to grow a CAGR of 16.6% during (2022 - 2028). Additionally, The India market would experience a CAGR of 18% during (2022 - 2028).
Based on Type, the market is segmented into Plastic and Metal. Based on End Use, the market is segmented into Retail, Transportation, Healthcare, Hospitality, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Dual Interface Payment Card Market is Projected to reach USD 17.9 Billion by 2028, at a CAGR of 16.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thales Group S.A., IDEMIA SAS (Advent International, Inc.), CPI Card Group (Parallel49 Equity), Giesecke & Devrient GmbH, Watchdata Co., Ltd., Eastcompeace Technology Co., Ltd. (Potevio Group), Paragon Group Limited, Valid S.A., and Wuhan Tianyu Information Industry Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Type
By End Use
- Retail
- Transportation
- Healthcare
- Hospitality
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Thales Group S.A.
- IDEMIA SAS (Advent International, Inc.)
- CPI Card Group (Parallel49 Equity)
- Giesecke & Devrient GmbH
- Watchdata Co., Ltd.
- Eastcompeace Technology Co., Ltd. (Potevio Group)
- Paragon Group Limited
- Valid S.A.
- Wuhan Tianyu Information Industry Co., Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Dual Interface Payment Card Market, by Type
1.4.2 Asia Pacific Dual Interface Payment Card Market, by End Use
1.4.3 Asia Pacific Dual Interface Payment Card Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Dual Interface Payment Card Market by Type
3.1 Asia Pacific Plastic Market by Country
3.2 Asia Pacific Metal Market by Country
Chapter 4. Asia Pacific Dual Interface Payment Card Market by End-use
4.1 Asia Pacific Retail Market by Country
4.2 Asia Pacific Transportation Market by Country
4.3 Asia Pacific Healthcare Market by Country
4.4 Asia Pacific Hospitality Market by Country
4.5 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Dual Interface Payment Card Market by Country
5.1 China Dual Interface Payment Card Market
5.1.1 China Dual Interface Payment Card Market by Type
5.1.2 China Dual Interface Payment Card Market by End-use
5.2 Japan Dual Interface Payment Card Market
5.2.1 Japan Dual Interface Payment Card Market by Type
5.2.2 Japan Dual Interface Payment Card Market by End-use
5.3 India Dual Interface Payment Card Market
5.3.1 India Dual Interface Payment Card Market by Type
5.3.2 India Dual Interface Payment Card Market by End-use
5.4 South Korea Dual Interface Payment Card Market
5.4.1 South Korea Dual Interface Payment Card Market by Type
5.4.2 South Korea Dual Interface Payment Card Market by End-use
5.5 Singapore Dual Interface Payment Card Market
5.5.1 Singapore Dual Interface Payment Card Market by Type
5.5.2 Singapore Dual Interface Payment Card Market by End-use
5.6 Malaysia Dual Interface Payment Card Market
5.6.1 Malaysia Dual Interface Payment Card Market by Type
5.6.2 Malaysia Dual Interface Payment Card Market by End-use
5.7 Rest of Asia Pacific Dual Interface Payment Card Market
5.7.1 Rest of Asia Pacific Dual Interface Payment Card Market by Type
5.7.2 Rest of Asia Pacific Dual Interface Payment Card Market by End-use
Chapter 6. Company Profiles
6.1 Thales Group S.A.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research and Development Expense
6.2 IDEMIA SAS (Advent International, Inc.)
6.2.1 Company Overview
6.2.2 Recent strategies and developments:
6.2.2.1 Product Launches and Product Expansions:
6.2.2.2 Acquisition and Mergers:
6.2.2.3 Geographical Expansions:
6.3 CPI Card Group (Parallel49 Equity)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental Analysis
6.3.4 Recent strategies and developments:
6.3.4.1 Product Launches and Product Expansions:
6.4 Giesecke & Devrient GmbH
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental Analysis
6.4.4 Research & Development Expense
6.5 Watchdata Co., Ltd.
6.5.1 Company Overview
6.6 Eastcompeace Technology Co., Ltd. (Potevio Group)
6.6.1 Company Overview
6.7 Paragon Group Limited
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental Analysis
6.8 Valid S.A.
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segment & Regional Analysis
6.9 Wuhan Tianyu Information Industry Co., Ltd.
6.9.1 Company Overview
TABLE 1 Asia Pacific Dual Interface Payment Card Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Dual Interface Payment Card Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Dual Interface Payment Card Market by Type, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Dual Interface Payment Card Market by Type, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Plastic Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Plastic Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Metal Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Metal Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Dual Interface Payment Card Market by End-use, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Dual Interface Payment Card Market by End-use, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Retail Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Retail Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Transportation Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Transportation Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Hospitality Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Hospitality Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Dual Interface Payment Card Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Dual Interface Payment Card Market by Country, 2022 - 2028, USD Million
TABLE 23 China Dual Interface Payment Card Market, 2018 - 2021, USD Million
TABLE 24 China Dual Interface Payment Card Market, 2022 - 2028, USD Million
TABLE 25 China Dual Interface Payment Card Market by Type, 2018 - 2021, USD Million
TABLE 26 China Dual Interface Payment Card Market by Type, 2022 - 2028, USD Million
TABLE 27 China Dual Interface Payment Card Market by End-use, 2018 - 2021, USD Million
TABLE 28 China Dual Interface Payment Card Market by End-use, 2022 - 2028, USD Million
TABLE 29 Japan Dual Interface Payment Card Market, 2018 - 2021, USD Million
TABLE 30 Japan Dual Interface Payment Card Market, 2022 - 2028, USD Million
TABLE 31 Japan Dual Interface Payment Card Market by Type, 2018 - 2021, USD Million
TABLE 32 Japan Dual Interface Payment Card Market by Type, 2022 - 2028, USD Million
TABLE 33 Japan Dual Interface Payment Card Market by End-use, 2018 - 2021, USD Million
TABLE 34 Japan Dual Interface Payment Card Market by End-use, 2022 - 2028, USD Million
TABLE 35 India Dual Interface Payment Card Market, 2018 - 2021, USD Million
TABLE 36 India Dual Interface Payment Card Market, 2022 - 2028, USD Million
TABLE 37 India Dual Interface Payment Card Market by Type, 2018 - 2021, USD Million
TABLE 38 India Dual Interface Payment Card Market by Type, 2022 - 2028, USD Million
TABLE 39 India Dual Interface Payment Card Market by End-use, 2018 - 2021, USD Million
TABLE 40 India Dual Interface Payment Card Market by End-use, 2022 - 2028, USD Million
TABLE 41 South Korea Dual Interface Payment Card Market, 2018 - 2021, USD Million
TABLE 42 South Korea Dual Interface Payment Card Market, 2022 - 2028, USD Million
TABLE 43 South Korea Dual Interface Payment Card Market by Type, 2018 - 2021, USD Million
TABLE 44 South Korea Dual Interface Payment Card Market by Type, 2022 - 2028, USD Million
TABLE 45 South Korea Dual Interface Payment Card Market by End-use, 2018 - 2021, USD Million
TABLE 46 South Korea Dual Interface Payment Card Market by End-use, 2022 - 2028, USD Million
TABLE 47 Singapore Dual Interface Payment Card Market, 2018 - 2021, USD Million
TABLE 48 Singapore Dual Interface Payment Card Market, 2022 - 2028, USD Million
TABLE 49 Singapore Dual Interface Payment Card Market by Type, 2018 - 2021, USD Million
TABLE 50 Singapore Dual Interface Payment Card Market by Type, 2022 - 2028, USD Million
TABLE 51 Singapore Dual Interface Payment Card Market by End-use, 2018 - 2021, USD Million
TABLE 52 Singapore Dual Interface Payment Card Market by End-use, 2022 - 2028, USD Million
TABLE 53 Malaysia Dual Interface Payment Card Market, 2018 - 2021, USD Million
TABLE 54 Malaysia Dual Interface Payment Card Market, 2022 - 2028, USD Million
TABLE 55 Malaysia Dual Interface Payment Card Market by Type, 2018 - 2021, USD Million
TABLE 56 Malaysia Dual Interface Payment Card Market by Type, 2022 - 2028, USD Million
TABLE 57 Malaysia Dual Interface Payment Card Market by End-use, 2018 - 2021, USD Million
TABLE 58 Malaysia Dual Interface Payment Card Market by End-use, 2022 - 2028, USD Million
TABLE 59 Rest of Asia Pacific Dual Interface Payment Card Market, 2018 - 2021, USD Million
TABLE 60 Rest of Asia Pacific Dual Interface Payment Card Market, 2022 - 2028, USD Million
TABLE 61 Rest of Asia Pacific Dual Interface Payment Card Market by Type, 2018 - 2021, USD Million
TABLE 62 Rest of Asia Pacific Dual Interface Payment Card Market by Type, 2022 - 2028, USD Million
TABLE 63 Rest of Asia Pacific Dual Interface Payment Card Market by End-use, 2018 - 2021, USD Million
TABLE 64 Rest of Asia Pacific Dual Interface Payment Card Market by End-use, 2022 - 2028, USD Million
TABLE 65 key information – Thales Group S.A.
TABLE 66 Key Information – IDEMIA SAS
TABLE 67 Key Information – CPI Card Group
TABLE 68 Key Information – Giesecke & Devrient GmbH
TABLE 69 key Information – Watchdata Co., Ltd.
TABLE 70 Key Information – Eastcompeace Technology Co., Ltd.
TABLE 71 Key information – Paragon Group Limited
TABLE 72 Key information – Valid S.A.
TABLE 73 Key information – Wuhan Tianyu Information Industry Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: IDEMIA SAS