The North America Smart Card Market would witness market growth of 4.7% CAGR during the forecast period (2020-2026). Smart cards are distinct card-like devices that have integrated circuit chips, which transfer and store the data which can be valuable and personal data. Mostly, these smart cards are utilized to offer faster & safer transactions and safeguard all the personal data like electronic passports, credit cards, corporate & government identification cards, visas, and other payment cards. Smart cards are widely used in various business verticals like corporates, government organizations, and banks to improve their functional dynamics.
The smart card business in the telecommunications and healthcare sector is comparatively less affected than other sectors. The COVID-19 pandemic has negatively affected the smart card market but this market is expected to get back on the recovery track post the pandemic. Owing to the government initiative for national ID cards, growing demand for contactless payments, and increasing usage of e-commerce platforms for shopping, the global smart card market is expected to be fueled during the forecast period.
The growth of the smart card market would be propelled by the emergence of technologies like blockchain, IoT, and biometric. The companies operating in the BFSI industry are aiming to use blockchain technology for offering an advanced security solution in the digital payment process. Government organizations are implementing these technologies to avoid tax fraud and allow more transparency between government and citizens. Blockchain applications need appropriate management of cryptographic keys that are handled by smart card technology. The developers of blockchain technology are incorporating the smart cards into these applications for increasing the convenience & security of the transactions. The market for the smart card would witness a surge due to the booming medical industry over the forecast years. The expansion of health care data possesses various challenges in offering effective patient care and privacy. These challenges are resolved by the smart cards as they offer safe storage and simple distribution of data.
The US market dominated the North America Smart Card Memory Card Market by Country 2019, and would continue to be a dominant market till 2026. The Canada market is experiencing a CAGR of 7.7% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 6.7% during (2020 - 2026).
The Contactless market dominated the Canada Smart Card Market by Interface 2019, thereby, achieving a market value of $369.6 million by 2026. The Contact market is exhibiting a CAGR of 6.9% during (2020 - 2026). Additionally, The Dual Interface market is showcasing a CAGR of 8.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Smart Card Market in North America is expected to register a CAGR of 4.7% 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Smart Card Market, by Type
1.4.2 North America Smart Card Market, by Interface
1.4.3 North America Smart Card Market, by Functionality
1.4.4 North America Smart Card Market, by Vertical
1.4.5 North America 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. North America Smart Card Market by Type
4.1 North America Smart Card MPU Microprocessor Market by Country
4.2 North America Smart Card Memory Card Market by Country
Chapter 5. North America Smart Card Market by Interface
5.1 North America Smart Card Contactless Market by Country
5.2 North America Smart Card Contact Market by Country
5.3 North America Smart Card Dual Interface Market by Country
Chapter 6. North America Smart Card Market by Functionality
6.1 North America Communication Smart Card Market by Country
6.2 North America Transaction Smart Card Market by Country
6.3 North America Security Smart Card Market by Country
Chapter 7. North America Smart Card Market by Vertical
7.1 North America Telecommunications Smart Card Market by Country
7.2 North America BFSI Smart Card Market by Country
7.3 North America Government & Healthcare Smart Card Market by Country
7.4 North America Transportation Smart Card Market by Country
7.5 North America Retail Smart Card Market by Country
7.6 North America Education Smart Card Market by Country
7.7 North America Others Smart Card Market by Country
Chapter 8. North America Smart Card Market by Country
8.1 US Smart Card Market
8.1.1 US Smart Card Market by Type
8.1.2 US Smart Card Market by Interface
8.1.3 US Smart Card Market by Functionality
8.1.4 US Smart Card Market by Vertical
8.2 Canada Smart Card Market
8.2.1 Canada Smart Card Market by Type
8.2.2 Canada Smart Card Market by Interface
8.2.3 Canada Smart Card Market by Functionality
8.2.4 Canada Smart Card Market by Vertical
8.3 Mexico Smart Card Market
8.3.1 Mexico Smart Card Market by Type
8.3.2 Mexico Smart Card Market by Interface
8.3.3 Mexico Smart Card Market by Functionality
8.3.4 Mexico Smart Card Market by Vertical
8.4 Rest of North America Smart Card Market
8.4.1 Rest of North America Smart Card Market by Type
8.4.2 Rest of North America Smart Card Market by Interface
8.4.3 Rest of North America Smart Card Market by Functionality
8.4.4 Rest of North America 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 North America Smart Card Market, 2016 - 2019, USD Million
TABLE 2 North America 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 North America Smart Card Market by Type, 2016 - 2019, USD Million
TABLE 7 North America Smart Card Market by Type, 2020 - 2026, USD Million
TABLE 8 North America Smart Card MPU Microprocessor Market by Country, 2016 - 2019, USD Million
TABLE 9 North America Smart Card MPU Microprocessor Market by Country, 2020 - 2026, USD Million
TABLE 10 North America Smart Card Memory Card Market by Country, 2016 - 2019, USD Million
TABLE 11 North America Smart Card Memory Card Market by Country, 2020 - 2026, USD Million
TABLE 12 North America Smart Card Market by Interface, 2016 - 2019, USD Million
TABLE 13 North America Smart Card Market by Interface, 2020 - 2026, USD Million
TABLE 14 North America Smart Card Contactless Market by Country, 2016 - 2019, USD Million
TABLE 15 North America Smart Card Contactless Market by Country, 2020 - 2026, USD Million
TABLE 16 North America Smart Card Contact Market by Country, 2016 - 2019, USD Million
TABLE 17 North America Smart Card Contact Market by Country, 2020 - 2026, USD Million
TABLE 18 North America Smart Card Dual Interface Market by Country, 2016 - 2019, USD Million
TABLE 19 North America Smart Card Dual Interface Market by Country, 2020 - 2026, USD Million
TABLE 20 North America Smart Card Market by Functionality, 2016 - 2019, USD Million
TABLE 21 North America Smart Card Market by Functionality, 2020 - 2026, USD Million
TABLE 22 North America Communication Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 23 North America Communication Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 24 North America Transaction Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 25 North America Transaction Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 26 North America Security Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 27 North America Security Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 28 North America Smart Card Market by Vertical, 2016 - 2019, USD Million
TABLE 29 North America Smart Card Market by Vertical, 2020 - 2026, USD Million
TABLE 30 North America Telecommunications Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 31 North America Telecommunications Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 32 North America BFSI Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 33 North America BFSI Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 34 North America Government & Healthcare Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 35 North America Government & Healthcare Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 36 North America Transportation Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 37 North America Transportation Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 38 North America Retail Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 39 North America Retail Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 40 North America Education Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 41 North America Education Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 42 North America Others Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 43 North America Others Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 44 North America Smart Card Market by Country, 2016 - 2019, USD Million
TABLE 45 North America Smart Card Market by Country, 2020 - 2026, USD Million
TABLE 46 US Smart Card Market, 2016 - 2019, USD Million
TABLE 47 US Smart Card Market, 2020 - 2026, USD Million
TABLE 48 US Smart Card Market by Type, 2016 - 2019, USD Million
TABLE 49 US Smart Card Market by Type, 2020 - 2026, USD Million
TABLE 50 US Smart Card Market by Interface, 2016 - 2019, USD Million
TABLE 51 US Smart Card Market by Interface, 2020 - 2026, USD Million
TABLE 52 US Smart Card Market by Functionality, 2016 - 2019, USD Million
TABLE 53 US Smart Card Market by Functionality, 2020 - 2026, USD Million
TABLE 54 US Smart Card Market by Vertical, 2016 - 2019, USD Million
TABLE 55 US Smart Card Market by Vertical, 2020 - 2026, USD Million
TABLE 56 Canada Smart Card Market, 2016 - 2019, USD Million
TABLE 57 Canada Smart Card Market, 2020 - 2026, USD Million
TABLE 58 Canada Smart Card Market by Type, 2016 - 2019, USD Million
TABLE 59 Canada Smart Card Market by Type, 2020 - 2026, USD Million
TABLE 60 Canada Smart Card Market by Interface, 2016 - 2019, USD Million
TABLE 61 Canada Smart Card Market by Interface, 2020 - 2026, USD Million
TABLE 62 Canada Smart Card Market by Functionality, 2016 - 2019, USD Million
TABLE 63 Canada Smart Card Market by Functionality, 2020 - 2026, USD Million
TABLE 64 Canada Smart Card Market by Vertical, 2016 - 2019, USD Million
TABLE 65 Canada Smart Card Market by Vertical, 2020 - 2026, USD Million
TABLE 66 Mexico Smart Card Market, 2016 - 2019, USD Million
TABLE 67 Mexico Smart Card Market, 2020 - 2026, USD Million
TABLE 68 Mexico Smart Card Market by Type, 2016 - 2019, USD Million
TABLE 69 Mexico Smart Card Market by Type, 2020 - 2026, USD Million
TABLE 70 Mexico Smart Card Market by Interface, 2016 - 2019, USD Million
TABLE 71 Mexico Smart Card Market by Interface, 2020 - 2026, USD Million
TABLE 72 Mexico Smart Card Market by Functionality, 2016 - 2019, USD Million
TABLE 73 Mexico Smart Card Market by Functionality, 2020 - 2026, USD Million
TABLE 74 Mexico Smart Card Market by Vertical, 2016 - 2019, USD Million
TABLE 75 Mexico Smart Card Market by Vertical, 2020 - 2026, USD Million
TABLE 76 Rest of North America Smart Card Market, 2016 - 2019, USD Million
TABLE 77 Rest of North America Smart Card Market, 2020 - 2026, USD Million
TABLE 78 Rest of North America Smart Card Market by Type, 2016 - 2019, USD Million
TABLE 79 Rest of North America Smart Card Market by Type, 2020 - 2026, USD Million
TABLE 80 Rest of North America Smart Card Market by Interface, 2016 - 2019, USD Million
TABLE 81 Rest of North America Smart Card Market by Interface, 2020 - 2026, USD Million
TABLE 82 Rest of North America Smart Card Market by Functionality, 2016 - 2019, USD Million
TABLE 83 Rest of North America Smart Card Market by Functionality, 2020 - 2026, USD Million
TABLE 84 Rest of North America Smart Card Market by Vertical, 2016 - 2019, USD Million
TABLE 85 Rest of North America Smart Card Market by Vertical, 2020 - 2026, USD Million
TABLE 86 key information – Thales Group S.A.
TABLE 87 Key Information – CPI Card Group
TABLE 88 Key Information – Assa Abloy AB
TABLE 89 Key Information – Giesecke & Devrient GmbH
TABLE 90 Key Information – IDEMIA SAS
TABLE 91 key information – Inteligensa
TABLE 92 Key Information – CardLogix Corporation
TABLE 93 key Information – Watchdata Co., Ltd.
TABLE 94 Key Information – Eastcompeace Technology Co., Ltd
TABLE 95 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