Dual Interface Smart Card Market

Dual Interface Smart Card Market

Dual Interface Smart Card Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

  • XPLREP5715

  • July, 2020

  • 170 Pages

  • ICT

Push towards Cashless Transaction to Drive the Dual Interface Smart Card market

As per a report available on XploreMR, the global dual interface smart card market is expected to hit the bull’s eye between 2020 and 2030.

An ever-increasing demand for more secure and customized smart cards with “automatic updation” features is likely to be the key driver to dynamic operating system dual interface smart cards between 2020 and 2030. The telecom and e-Commerce industry ask for microcontroller-based dual interface smart cards due to security offered in the form of encrypted data.

Dual Interface Smart Card Market Pointers

The telecommunication is growing by leaps and bounds, which will result in boosting of the dual interface smart card market in the near future. The basic advantage of a dual interface smart card, as the name suggests, contains both – contactless and contact interfaces. Thus, it’s possible to have the same chip accessed using any one of the above-mentioned methods, that too with utmost security.

Moreover, these smart cards have either memory chips or microcontroller chips. Memory chips cost less than the microcontroller ones but come with compromised data management security. They resemble a petite floppy disk. The cards that make use of memory chips prove to be ideal wherein low-medium security is needed.

A microcontroller chip is capable of adding to, deleting from or even altering information in the memory. It could, in fact, be nicknamed as a miniature computer, as it contains an operating system, input/output port, and hard disk. These microcontroller-based dual interface smart cards hold the uniqueness of being able to store large data, conduct the on-card functions (like digital signatures and encryption) on their own, and carry out intelligent interaction with smart card reader.

The application areas of microcontroller-based dual interface smart cards include telecommunication (telephone payment cards, GSM SIM), payments (transit payment cards, contactless and contact debit/credit cards), healthcare (physician ID cards, citizen health ID cards, portable medical records cards), and secure identity (employee ID badges, online authentication devices, drivers’ licenses, citizen ID documents).

These factors are expected to exponentially increase the demand for dual interface smart cards, thereby driving the dual interface smart card market.

Covid-19 Impact

The outbreak of Covid-19 has hampered the production of dual interface smart cards in the short term. Though things have started getting back to normal, it will take a while (atleast the start of 2021) for the production to start full-swing. However, the good news is that demand for these smart cards has soared since the infliction of lockdown (partial/total), mainly due to the fact that transactions have gone “digital” by almost every means. This calls for more number of dual interface smart cards, hence the demand. So, it could be stated that the ongoing pandemic is resulted in growth of dual interface smart card manifold.

Region-wise Analysis

The global dual interface smart card market constitutes North America (Canada, US), Eastern Europe (Russia and Poland), Western Europe (Luxembourg, The Netherlands, Belgium, Nordic countries, Italy, Spain, France, UK, Germany), Asia-Pacific (New Zealand, Australia, ASEAN, Japan, India, China), MEA (North Africa, Southern Africa, GCC), and Latin America (Chile, Peru, Brazil, Mexico, and others).

North America and Europe are already onto the saturation phase regarding dual interface smart card market. However, the last few months have witnessed the Asia-Pacific opting for cashless transaction in more numbers. The scenario is expected to continue in the years to come as well, as the convenience and security ensured are unparalleled.

Competitive Landscape

The key players in the dual interface smart card market include Hengbao Co. Ltd., Perfect Plastic Printing Corporation, Watchdata, Eastcompeace Technology Co., Ltd., CPI Card Group, CardLogix Corporation, American Banknote Corporation, Cardcom Technology, GOLDPAC Group, Verifone Systems, Inc., NXP Semiconductors, and Infineon Technologies AG.

Dual Interface Smart Card Market – Report Scope

The recent study by XploreMR on the dual interface smart card market offers a 10-year forecast for 2020-2030. The study analyzes crucial trends that are currently determining the growth of the dual interface smart card market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of dual interface smart cards. The study also provides dynamics that are expected to influence the future status of the dual interface smart card market over the forecast period.

A detailed assessment of value chain analysis, business executions, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the dual interface smart card market enhances the reliability of this comprehensive research study.

Dual Interface Smart Card Market: Report Summary

The study offers a comprehensive analysis on diverse features, including demand, product developments, policy & regulatory landscape, revenue generation, and sales in the dual interface smart card market across the globe.

A comprehensive estimate on the dual interface smart card market has also been considered through an optimistic scenario as well as a conservative scenario regarding the sales of dual interface smart cards for the forecast period. Price point comparison by regions with global average price are also considered in the study.

Dual Interface Smart Card Market: Segmentation

XploreMR has studied the dual interface smart card market with detailed segmentation on the basis of substrate, embedded chip, operating system, application, and region.

Substrate

Embedded Chip

Operating System

Application

Region

 PVC

 Microprocessors

 Fixed File Structure

 SIM Cards and Telecommunications

North America

 Composite

 I2C Straight Memory Cards

Dynamic Application System

 Loyalty and Stored Value

Latin America

 PC Paper 

 Stored Value Memory Cards

 

 Securing Digital Content and Physical Assets

Europe

 Teslin/ Synthetic Paper

 Protected Segment Memory Cards

 

 e-Commerce

East Asia

 Others

 Serial Data Flash

 

 Bank Issued Smart Cards

South Asia & Oceania

 

 

 

 Healthcare Informatics

MEA

 

   

 Embedded Medical Device Control

 

 

 

 

 Enterprise and Network Security

 

Dual Interface Smart Card Market: Analysis on Market Size Evaluation

The study provides each market segment in terms of value (US$ Mn) analysis in the dual interface smart card market.

Market estimates at global and regional levels for dual interface smart cards are available in terms of 'US$ Mn' for value and 'Mn Units' in terms of volume. A Y-o-Y growth contrast on prominent dual interface smart card market segments, along with market attractiveness evaluation, has been incorporated in the report. Another key feature of the dual interface smart card market report is the analysis of all key segments in terms of absolute dollar. Absolute dollar opportunity is critical in assessing the level of opportunity that a manufacturer can look to achieve as well as identify potential resources, from sales and delivery perspectives, in the dual interface smart card market.

Dual Interface Smart Card Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which help deliver projections on regional markets. This chapter include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the dual interface smart card market during the forecast period.

Country-specific valuations on the demand for dual interface smart cards have been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of prominence in regions and countries. Regional markets Y-o-Y growth estimates have also incorporated in the report.

Detail breakup in terms of value for emerging countries has also been included in the report.

Dual Interface Smart Card Market: In-depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers in the dual interface smart card market, along with their detailed profiles. Essential and up-to-date data related to market players who are principally engaged in the production of dual interface smart cards has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit report readers to take preemptive steps in advancing their businesses.

Company profiles have been combined in the report, which include essentials such as product portfolios, along with an all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all prominent players, thus providing readers with actionable insights, which help in thoughtfully presenting market status and predicting competition levels in the dual interface smart card market.

Prominent companies operating in the global dual interface smart card market include American Banknote Corporation, Bartronics India Limited, Cardcom Technology, CardLogix Corporation, CPI Card Group, Eastcompeace Technology Co., Ltd, Giesecke & Devrient (G&D) GmbH, GOLDPAC Group, Hengbao Co. Ltd., IDEMIA, Infineon Technologies AG, Ingenico Group, Inteligensa Group, Kona I Co., Ltd., NXP Semiconductors N.V., Perfect Plastic Printing Corporation, Identiv, Inc., Square, Inc., Thales Group, VALID, VeriFone Systems, Inc., Watchdata, and Wuhan Tianyu Information Industry Co., Ltd. 

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Dual Interface Smart Card Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030
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