The Asia Pacific Smart Card Market would witness market growth of 5.1% CAGR during the forecast period (2020-2026). The improvements in micro-embedded electronics and the increasing adoption of loT technology are some of the catalysts for the growth of the smart cards market. In addition, the rising usage of gadgets embedded with circuit chips that help companies to provide safer payment options, data storage, and authentication to their users, are propelling the growth of the market.
Moreover, the growing digitalization of various government processes and the increasing demand for identity cards required to get the benefit of government facilities are opening new growth prospects for the market. Along with that, the provision of healthcare, licenses, and social benefit documentations of people has resulted in the introduction of smart cards by government authorities, hence accelerating the growth of the market in the coming years.
Additionally, the growing trend of maintaining effective data storage, shifting preference towards contactless & cashless payments and the digitalization of payment processes are escalating the demand for smart cards across various industries like healthcare, retail, and hospitability. Moreover, the COVID-19 pandemic is estimated to surge the growth of the market due to the increasing demand for contactless payment methods by people across the globe. Though, the high cost attached to implement electronic point of sale system (EPOS) terminals and growing usage of mobile wallets & payment applications would restrict the demand for smart cards over the forecast years.
The growing demand for a tap-and-pay method of payment transactions post-pandemic and increasing adoption of smart cards in different industries are surging the growth of the market. In addition, the high penetration of smart cards in access control & personal identification applications, increasing requirement of smart cards to avail e-government services, and growing demand for online shopping & banking are some of the factors that fuel the market growth of smart cards during the forecast period. Additionally, the innovative medium of information security of customers offered by blockchain technology and high usage of smart cards in the populated nation in the APAC region are likely to offer lucrative growth opportunities for the smart card manufacturers.
The China market dominated the Asia Pacific Transaction Smart Card Market by Country 2019, and would continue to be a dominant market till 2026. The Japan market is exhibiting a CAGR of 5.2% during (2020 - 2026). Additionally, The India market is anticipated to witness a CAGR of 6.4% during (2020 - 2026).
The Telecommunications market dominated the Malaysia Smart Card Market by Vertical 2019, thereby, achieving a market value of $112.8 million by 2026. The BFSI market is estimated to grow at a CAGR of 8.2% during (2020 - 2026). The Government & Healthcare market is witnessing a CAGR of 8.9% during (2020 - 2026). Additionally, The Transportation market is poised to grow at a CAGR of 8.6% during (2020 - 2026).
Based on Type, the market is segmented into MPU Microprocessor and Memory Card. Based on Interface, the market is segmented into Contactless, Contact and Dual Interface. Based on Functionality, the market is segmented into Communication, Transaction and Security. Based on Vertical, the market is segmented into Telecommunications, BFSI, Government & Healthcare, Transportation, Retail, Education 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: Smart Card Market in Asia Pacific is expected to register a CAGR of 5.1% during the forecast period (2020-2026)
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., CPI Card Group (Parallel49 Equity), Assa Abloy AB, Giesecke & Devrient GmbH, IDEMIA SAS (Advent International, Inc.), Inteligensa, CardLogix Corporation, Watchdata Co., Ltd., Eastcompeace Technology Co., Ltd (Potevio Group), and ABCorp (American Banknote Corporation).
Scope of the Study
Market Segments Covered in the Report:
By Type
- MPU Microprocessor
- Memory Card
By Interface
- Contactless
- Contact
- Dual Interface
By Functionality
- Communication
- Transaction
- Security
By Vertical
- Telecommunications
- BFSI
- Government & Healthcare
- Transportation
- Retail
- Education
- 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.
- CPI Card Group (Parallel49 Equity)
- Assa Abloy AB
- Giesecke & Devrient GmbH
- IDEMIA SAS (Advent International, Inc.)
- Inteligensa
- CardLogix Corporation
- Watchdata Co., Ltd.
- Eastcompeace Technology Co., Ltd (Potevio Group)
- ABCorp (American Banknote Corporation)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Smart Card Market, by Type
1.4.2 Asia Pacific Smart Card Market, by Interface
1.4.3 Asia Pacific Smart Card Market, by Functionality
1.4.4 Asia Pacific Smart Card Market, by Vertical
1.4.5 Asia Pacific Smart Card Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Feb – 2021, Mar) Leading Players
Chapter 4. Asia Pacific Smart Card Market by Type
4.1 Asia Pacific Smart Card MPU Microprocessor Market by Country
4.2 Asia Pacific Smart Card Memory Card Market by Country
Chapter 5. Asia Pacific Smart Card Market by Interface
5.1 Asia Pacific Smart Card Contactless Market by Country
5.2 Asia Pacific Smart Card Contact Market by Country
5.3 Asia Pacific Smart Card Dual Interface Market by Country
Chapter 6. Asia Pacific Smart Card Market by Functionality
6.1 Asia Pacific Communication Smart Card Market by Country
6.2 Asia Pacific Transaction Smart Card Market by Country
6.3 Asia Pacific Security Smart Card Market by Country
Chapter 7. Asia Pacific Smart Card Market by Vertical
7.1 Asia Pacific Telecommunications Smart Card Market by Country
7.2 Asia Pacific BFSI Smart Card Market by Country
7.3 Asia Pacific Government & Healthcare Smart Card Market by Country
7.4 Asia Pacific Transportation Smart Card Market by Country
7.5 Asia Pacific Retail Smart Card Market by Country
7.6 Asia Pacific Education Smart Card Market by Country
7.7 Asia Pacific Others Smart Card Market by Country
Chapter 8. Asia Pacific Smart Card Market by Country
8.1 China Smart Card Market
8.1.1 China Smart Card Market by Type
8.1.2 China Smart Card Market by Interface
8.1.3 China Smart Card Market by Functionality
8.1.4 China Smart Card Market by Vertical
8.2 Japan Smart Card Market
8.2.1 Japan Smart Card Market by Type
8.2.2 Japan Smart Card Market by Interface
8.2.3 Japan Smart Card Market by Functionality
8.2.4 Japan Smart Card Market by Vertical
8.3 India Smart Card Market
8.3.1 India Smart Card Market by Type
8.3.2 India Smart Card Market by Interface
8.3.3 India Smart Card Market by Functionality
8.3.4 India Smart Card Market by Vertical
8.4 South Korea Smart Card Market
8.4.1 South Korea Smart Card Market by Type
8.4.2 South Korea Smart Card Market by Interface
8.4.3 South Korea Smart Card Market by Functionality
8.4.4 South Korea Smart Card Market by Vertical
8.5 Singapore Smart Card Market
8.5.1 Singapore Smart Card Market by Type
8.5.2 Singapore Smart Card Market by Interface
8.5.3 Singapore Smart Card Market by Functionality
8.5.4 Singapore Smart Card Market by Vertical
8.6 Malaysia Smart Card Market
8.6.1 Malaysia Smart Card Market by Type
8.6.2 Malaysia Smart Card Market by Interface
8.6.3 Malaysia Smart Card Market by Functionality
8.6.4 Malaysia Smart Card Market by Vertical
8.7 Rest of Asia Pacific Smart Card Market
8.7.1 Rest of Asia Pacific Smart Card Market by Type
8.7.2 Rest of Asia Pacific Smart Card Market by Interface
8.7.3 Rest of Asia Pacific Smart Card Market by Functionality
8.7.4 Rest of Asia Pacific Smart Card Market by Vertical
Chapter 9. Company Profiles
9.1 Thales Group S.A.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research and Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.5.3 Acquisition and Mergers:
9.2 CPI Card Group (Parallel49 Equity)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Product Launches and Product Expansions:
9.3 Assa Abloy AB
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Acquisition and Mergers:
9.4 Giesecke & Devrient GmbH
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Research & Development Expense
9.4.4 Recent strategies and developments:
9.4.4.1 Partnerships, Collaborations, and Agreements:
9.5 IDEMIA SAS (Advent International, Inc.)
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Partnerships, Collaborations, and Agreements:
9.5.2.2 Product Launches and Product Expansions:
9.5.2.3 Acquisition and Mergers:
9.6 Inteligensa
9.6.1 Company Overview
9.7 CardLogix Corporation
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Product Launches and Product Expansions:
9.8 Watchdata Co., Ltd.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.9 Eastcompeace Technology Co., Ltd (Potevio Group)
9.9.1 Company Overview
9.10. ABCorp (American Banknote Corporation)
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
9.10.2.2 Product Launches and Product Expansions:
TABLE 1 Asia Pacific Smart Card Market, 2016 - 2019, USD Million
TABLE 2 Asia Pacific Smart Card Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Cards Market
TABLE 4 Product Launches And Product Expansions– Smart Cards Market
TABLE 5 Acquisition and Mergers– Smart Cards Market
TABLE 6 Asia Pacific Smart Card Market by Type, 2016 - 2019, USD Million
TABLE 7 Asia Pacific Smart Card Market by Type, 2020 - 2026, USD Million
TABLE 8 Asia Pacific Smart Card MPU Microprocessor Market by Country, 2016 - 2019, USD Million
TABLE 9 Asia Pacific Smart Card MPU Microprocessor Market by Country, 2020 - 2026, USD Million
TABLE 10 Asia Pacific Smart Card Memory Card Market by Country, 2016 - 2019, USD Million
TABLE 11 Asia Pacific Smart Card Memory Card Market by Country, 2020 - 2026, USD Million
TABLE 12 Asia Pacific Smart Card Market by Interface, 2016 - 2019, USD Million
TABLE 13 Asia Pacific Smart Card Market by Interface, 2020 - 2026, USD Million
TABLE 14 Asia Pacific Smart Card Contactless Market by Country, 2016 - 2019, USD Million
TABLE 15 Asia Pacific Smart Card Contactless Market by Country, 2020 - 2026, USD Million
TABLE 16 Asia Pacific Smart Card Contact Market by Country, 2016 - 2019, USD Million
TABLE 17 Asia Pacific Smart Card Contact Market by Country, 2020 - 2026, USD Million
TABLE 18 Asia Pacific Smart Card Dual Interface Market by Country, 2016 - 2019, USD Million
TABLE 19 Asia Pacific Smart Card Dual Interface Market by Country, 2020 - 2026, USD Million
TABLE 20 Asia Pacific Smart Card Market by Functionality, 2016 - 2019, USD Million
TABLE 21 Asia Pacific Smart Card Market by Functionality, 2020 - 2026, USD Million
TABLE 22 Asia Pacific Communication Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 23 Asia Pacific Communication Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 24 Asia Pacific Transaction Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 25 Asia Pacific Transaction Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 26 Asia Pacific Security Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 27 Asia Pacific Security Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 28 Asia Pacific Smart Card Market by Vertical, 2016 - 2019, USD Million
TABLE 29 Asia Pacific Smart Card Market by Vertical, 2020 - 2026, USD Million
TABLE 30 Asia Pacific Telecommunications Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 31 Asia Pacific Telecommunications Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 32 Asia Pacific BFSI Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 33 Asia Pacific BFSI Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 34 Asia Pacific Government & Healthcare Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 35 Asia Pacific Government & Healthcare Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 36 Asia Pacific Transportation Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 37 Asia Pacific Transportation Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 38 Asia Pacific Retail Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 39 Asia Pacific Retail Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 40 Asia Pacific Education Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 41 Asia Pacific Education Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 42 Asia Pacific Others Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 43 Asia Pacific Others Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 44 Asia Pacific Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 45 Asia Pacific Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 46 China Smart Card Market, 2016 - 2019, USD Million
TABLE 47 China Smart Card Market, 2020 - 2026, USD Million
TABLE 48 China Smart Card Market by Type, 2016 - 2019, USD Million
TABLE 49 China Smart Card Market by Type, 2020 - 2026, USD Million
TABLE 50 China Smart Card Market by Interface, 2016 - 2019, USD Million
TABLE 51 China Smart Card Market by Interface, 2020 - 2026, USD Million
TABLE 52 China Smart Card Market by Functionality, 2016 - 2019, USD Million
TABLE 53 China Smart Card Market by Functionality, 2020 - 2026, USD Million
TABLE 54 China Smart Card Market by Vertical, 2016 - 2019, USD Million
TABLE 55 China Smart Card Market by Vertical, 2020 - 2026, USD Million
TABLE 56 Japan Smart Card Market, 2016 - 2019, USD Million
TABLE 57 Japan Smart Card Market, 2020 - 2026, USD Million
TABLE 58 Japan Smart Card Market by Type, 2016 - 2019, USD Million
TABLE 59 Japan Smart Card Market by Type, 2020 - 2026, USD Million
TABLE 60 Japan Smart Card Market by Interface, 2016 - 2019, USD Million
TABLE 61 Japan Smart Card Market by Interface, 2020 - 2026, USD Million
TABLE 62 Japan Smart Card Market by Functionality, 2016 - 2019, USD Million
TABLE 63 Japan Smart Card Market by Functionality, 2020 - 2026, USD Million
TABLE 64 Japan Smart Card Market by Vertical, 2016 - 2019, USD Million
TABLE 65 Japan Smart Card Market by Vertical, 2020 - 2026, USD Million
TABLE 66 India Smart Card Market, 2016 - 2019, USD Million
TABLE 67 India Smart Card Market, 2020 - 2026, USD Million
TABLE 68 India Smart Card Market by Type, 2016 - 2019, USD Million
TABLE 69 India Smart Card Market by Type, 2020 - 2026, USD Million
TABLE 70 India Smart Card Market by Interface, 2016 - 2019, USD Million
TABLE 71 India Smart Card Market by Interface, 2020 - 2026, USD Million
TABLE 72 India Smart Card Market by Functionality, 2016 - 2019, USD Million
TABLE 73 India Smart Card Market by Functionality, 2020 - 2026, USD Million
TABLE 74 India Smart Card Market by Vertical, 2016 - 2019, USD Million
TABLE 75 India Smart Card Market by Vertical, 2020 - 2026, USD Million
TABLE 76 South Korea Smart Card Market, 2016 - 2019, USD Million
TABLE 77 South Korea Smart Card Market, 2020 - 2026, USD Million
TABLE 78 South Korea Smart Card Market by Type, 2016 - 2019, USD Million
TABLE 79 South Korea Smart Card Market by Type, 2020 - 2026, USD Million
TABLE 80 South Korea Smart Card Market by Interface, 2016 - 2019, USD Million
TABLE 81 South Korea Smart Card Market by Interface, 2020 - 2026, USD Million
TABLE 82 South Korea Smart Card Market by Functionality, 2016 - 2019, USD Million
TABLE 83 South Korea Smart Card Market by Functionality, 2020 - 2026, USD Million
TABLE 84 South Korea Smart Card Market by Vertical, 2016 - 2019, USD Million
TABLE 85 South Korea Smart Card Market by Vertical, 2020 - 2026, USD Million
TABLE 86 Singapore Smart Card Market, 2016 - 2019, USD Million
TABLE 87 Singapore Smart Card Market, 2020 - 2026, USD Million
TABLE 88 Singapore Smart Card Market by Type, 2016 - 2019, USD Million
TABLE 89 Singapore Smart Card Market by Type, 2020 - 2026, USD Million
TABLE 90 Singapore Smart Card Market by Interface, 2016 - 2019, USD Million
TABLE 91 Singapore Smart Card Market by Interface, 2020 - 2026, USD Million
TABLE 92 Singapore Smart Card Market by Functionality, 2016 - 2019, USD Million
TABLE 93 Singapore Smart Card Market by Functionality, 2020 - 2026, USD Million
TABLE 94 Singapore Smart Card Market by Vertical, 2016 - 2019, USD Million
TABLE 95 Singapore Smart Card Market by Vertical, 2020 - 2026, USD Million
TABLE 96 Malaysia Smart Card Market, 2016 - 2019, USD Million
TABLE 97 Malaysia Smart Card Market, 2020 - 2026, USD Million
TABLE 98 Malaysia Smart Card Market by Type, 2016 - 2019, USD Million
TABLE 99 Malaysia Smart Card Market by Type, 2020 - 2026, USD Million
TABLE 100 Malaysia Smart Card Market by Interface, 2016 - 2019, USD Million
TABLE 101 Malaysia Smart Card Market by Interface, 2020 - 2026, USD Million
TABLE 102 Malaysia Smart Card Market by Functionality, 2016 - 2019, USD Million
TABLE 103 Malaysia Smart Card Market by Functionality, 2020 - 2026, USD Million
TABLE 104 Malaysia Smart Card Market by Vertical, 2016 - 2019, USD Million
TABLE 105 Malaysia Smart Card Market by Vertical, 2020 - 2026, USD Million
TABLE 106 Rest of Asia Pacific Smart Card Market, 2016 - 2019, USD Million
TABLE 107 Rest of Asia Pacific Smart Card Market, 2020 - 2026, USD Million
TABLE 108 Rest of Asia Pacific Smart Card Market by Type, 2016 - 2019, USD Million
TABLE 109 Rest of Asia Pacific Smart Card Market by Type, 2020 - 2026, USD Million
TABLE 110 Rest of Asia Pacific Smart Card Market by Interface, 2016 - 2019, USD Million
TABLE 111 Rest of Asia Pacific Smart Card Market by Interface, 2020 - 2026, USD Million
TABLE 112 Rest of Asia Pacific Smart Card Market by Functionality, 2016 - 2019, USD Million
TABLE 113 Rest of Asia Pacific Smart Card Market by Functionality, 2020 - 2026, USD Million
TABLE 114 Rest of Asia Pacific Smart Card Market by Vertical, 2016 - 2019, USD Million
TABLE 115 Rest of Asia Pacific Smart Card Market by Vertical, 2020 - 2026, USD Million
TABLE 116 key information – Thales Group S.A.
TABLE 117 Key Information – CPI Card Group
TABLE 118 Key Information – Assa Abloy AB
TABLE 119 Key Information – Giesecke & Devrient GmbH
TABLE 120 Key Information – IDEMIA SAS
TABLE 121 key information – Inteligensa
TABLE 122 Key Information – CardLogix Corporation
TABLE 123 key Information – Watchdata Co., Ltd.
TABLE 124 Key Information – Eastcompeace Technology Co., Ltd
TABLE 125 key information – ABCorp (American Banknote Corporation)
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Feb – 2021, Mar) Leading Players
FIG 5 Recent strategies and developments: Thales Group S.A.
FIG 6 Recent strategies and developments: CPI Card Group
FIG 7 Recent strategies and strategies: Assa Abloy AB
FIG 8 Recent strategies and developments: IDEMIA SAS
FIG 9 Recent strategies and developments: ABCorp