Powered Smart Card Market
Powered Smart Card Market Study by Contactless Cards, Hybrid Cards, and Dual-interface Cards for Healthcare, Transportation, Telecommunications, Financial Services, and Others from 2024 to 2034
Analysis of Powered Smart Card Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Powered Smart Card Market Outlook (2024 to 2034)
The global powered smart card market is estimated at US$ 14.5 billion in 2024 and is projected to reach a size of US$ 24.2 billion by the end of 2034, expanding at a CAGR of 5.2% between 2024 and 2034.
Smart cards facilitate safely identifying and verifying the cardholder and any individuals requesting card access. For example, a cardholder can authenticate using contactless biometric information or a PIN code. Additionally, smart cards offer a method for safely storing data on the card and encrypting conversations.
In comparison to conventional magnetic stripe cards, powered smart cards such as Europay, Mastercard, and Visa (EMV) cards offer improved security features. Demand for secure payment solutions is rising as financial transactions become increasingly digital and electronic payment methods become more common, which accelerates the use of powered smart cards.
For example, governments everywhere pushed ahead with digitalization projects in 2021 to enhance public services and streamline administrative procedures. These initiatives included the adoption of powered smart card solutions in several government services and programs, which have boosted public demand for safe and dependable payment methods.
| Report Attributes | Details |
|---|---|
| Powered Smart Card Market Size (2024E) | US$ 14.5 Billion |
| Forecasted Market Value (2034F) | US$ 24.2 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.2% CAGR |
| North America Market Share (2034F) | 29.1% |
| East Asia Market Growth Rate (2024 to 2034) | 6% CAGR |
| Dual-interface Cards Market Share (2024E) | 44.8% |
| Market Share of Energy & Utility Sector (2024E) | 31.6% |
| Key Companies Profiled | Watchdata Technologies Ltd.; Infineon Technologies AG; Texas Instruments Incorporated; Wuhan Tianyu Information Industry Co., Ltd.; CPI Card Group; Datang Telecom Technology Co., Ltd. |
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What are the Key Powered Smart Card Market Trends?
“Rising Incorporation Smart Card Technology into Mobile Devices and Smartphones”
Adoption of contactless payment techniques, such as NFC (near-field communication) payments, has been fueled by the integration of smart card technology into smartphones. Physical credit or debit cards are no longer necessary for consumers to make payments, as they can just tap their cell phones to do so.
Demand for smart card solutions has increased and the shift to mobile payments has accelerated due to this convenience. The deployment of many programs on a single card is made possible by smart card technology in mobile devices.
For instance, a single smart card in a smartphone can be used for access control, public transit, payment, and more. This adaptability promotes wider adoption of smart card technology and improves ease of use.
“Global Shift toward Adoption of Contactless Technology”
Need for more secure solutions is being driven by growing concerns about identity theft and data breaches. Powered smart cards, which have microprocessors built in them, provide strong identification and encryption, satisfying the strict security requirements of a range of industries, including government, healthcare, and banking.
Use of powered smart cards has increased dramatically as a result of the global move to contactless transactions. These cards decline reliance on conventional payment systems by enabling contactless payments that are easy, safe, and convenient in a variety of industries, including retail and transit.
What is Restraining Global Powered Smart Card Market Growth?
“Substantial Expenses Involved in Implementation of Powered Smart Card Production”
Major upgrades to the current infrastructure are frequently required for the integration of smart card systems. Installing readers, terminals, and backend systems that can interface with these cards must be done in this manner. Significant expenditures are associated with the purchase, installation, and system integration of such modifications.
Powered smart cards include advanced microprocessors or chips for safe data processing, which raises the production cost. Production costs per unit increase further when security protocols, encryption, and compliance standards are ensured.
For companies and financial institutions, the initial costs of deploying powered smart card infrastructure, which includes replacing outdated POS terminals and creating new cards, can be somewhat significant. This expense aspect may have prevented some organizations, especially smaller ones with tighter budgets from implementing powered smart card solutions.
“Risk of Exposure to Data Breaches, Identity Theft, and Complex Cyber Threats”
Main issue is how to protect private data that is kept on smart cards. Any lapse in security could allow unwanted access and jeopardize money or personal information. Adoption rates are impacted when incidents of identity theft and data breaches undermine public confidence in these technologies.
Cyber threats are always changing, which makes smart card security solutions less reliable. Sophisticated malware, hacking methods, and scams target smart card weaknesses specifically. Any successful breach has the potential to cause large financial losses as well as harm to the reputations of providers and users.
Although powered smart cards are intended to be more secure than conventional magnetic stripe cards, security lapses can occur with any device. The use of smart cards may be impacted by publicized cyberattacks and data breaches that cast doubt on their security.
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Country-wise Insights
North America was among the first regions to use smart card technology, and because of its strong financial system and broad acceptance of contactless payments, it has managed to hold a sizable portion of the market. The growing use of digital wallets, contactless technology, and mobile payments in countries such as China, has led to the Asia Pacific region holding a dominant powered smart card market share.
Why is the United States Leading the Global Market for Powered Smart Cards?
“Stringent Regulations Governing Data Security and Transition from Cash to EMV Chip Cards”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 3.39 Billion |
| Growth Rate (2024 to 2034) | 5.2% CAGR |
| Projected Value (2034F) | US$ 5.61 Billion |
The powered smart card market size in the United States is projected to increase significantly during the forecast period, and the country is set to occupy a dominant share of the North American market by 2034.
The country is home to several of the top technological businesses globally, which helps drive ongoing innovation in smart card technology. This covers developments in encryption techniques, chip technology, and the ability to integrate with different digital systems.
Powered smart cards are widely used in the banking and financial industry in the United States, mostly for safe transactions and fraud prevention. One major factor influencing this industry is the move from cash to EMV (Europay, MasterCard, and Visa) chip cards for debit and credit transactions.
The country's strict laws and attention to data security have also aided in the widespread use of powered smart cards in several industries, including transportation, healthcare, and government.
Why is China a Lucrative Market for Powered Smart Card Producers?
“Government Initiatives Supporting Smart Card Technology Deployment”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 3.14 Billion |
| Growth Rate (2024 to 2034) | 5.6% CAGR |
| Projected Value (2034F) | US$ 5.41 Billion |
Growth of the market in China has been aided by government efforts that support the development of smart cities and digital transformation. In the digital payment landscape, it is significant that mobile payment systems like WeChat Pay and Alipay have integrated smart card technology. This combination of technologies expands the range of applications and improves security features.
Deployment of smart card technology is largely influenced by the Chinese government. Significant motivators include the drive for smart cities, national identity programs, and public transportation initiatives. Government policies frequently support domestic industry and technology, which modifies the dynamics of the market.
Category-wise Insights
A growing number of powered smart card companies are entering the dual-interface card market because of the demand for more easily adaptable and secure card-based solutions for a range of uses. One new and growingly significant field is the use of powered smart cards in the utility and energy sectors.
This industry may improve productivity, security, and customer service by utilizing the sophisticated characteristics of smart cards for a variety of uses.
Why is Demand for Dual-interface Cards Increasing across the World?
“Dual-interface Cards Employ Complex Authentication for Robust Security against Fraud”
| Attribute | Dual-interface Cards |
|---|---|
| Segment Value (2024E) | US$ 4.59 Billion |
| Growth Rate (2024 to 2034) | 5.9% CAGR |
| Projected Value (2034F) | US$ 6.52 Billion |
Dual-interface cards offer versatility and convenience as they may be utilized with various card readers, including contactless (RFID/NFC) and those that require physical contact. Because the same card can be used for many purchases, access control, and identity purposes, its adaptability improves user convenience.
Dual-interface smart cards provide improved defense against fraud and data breaches by fusing the security characteristics of contact and contactless technologies. They may consist of complex authentication procedures, encryption techniques, and other cutting-edge security elements.
Which Application of Powered Smart Cards is Projected to Lead Market Expansion?
“Widespread Use of Powered Smart Cards in Smart Meter Integration Security and Access Control”
| Attribute | Energy & Utility |
|---|---|
| Segment Value (2024E) | US$ 4.6 Billion |
| Growth Rate (2024 to 2034) | 6.2% CAGR |
| Projected Value (2034F) | US$ 6.62 Billion |
Smart cards and smart meters work together to improve billing and energy management. Customers can top off prepaid services or pay for utilities using these cards, offering a practical and effective solution to control energy use.
Powered smart cards can be used in energy and utility installations to provide secure access control. They improve security and lower the possibility of unwanted entry or sabotage by ensuring that only authorized individuals have access to sensitive locations.
In the energy and utility industries, powered smart card usage has many advantages, from increased operational security and efficiency to improved customer service and compliance. Smart cards are expected to play an increasingly important role in the sector's operations as it develops along with technology.
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Competitive Landscape
To increase the global customer base, businesses are using development tactics such as cooperation, product launches, mergers, acquisitions, partnerships, and production expansion.
Businesses are going beyond conventional smart cards to provide alternatives like mobile payment apps that can either enhance or replace actual cards. To give clients even more value, they are now offering extra services like card customization, card management systems, and data analytics.
- A contactless tungsten card was introduced on August 15, 2023, by CPI Card Group Inc., a well-known supplier of credit, debit, and prepaid solutions. Because this card has two interfaces, customers can select between contact and contactless payment options.
Segmentation of Powered Smart Card Market Research
-
By Type :
- Contactless Cards
- Hybrid Cards
- Dual-interface Cards
-
By Application :
- Government
- Healthcare
- Transportation
- Telecommunications
- Financial Services, Retail, & Loyalty
- Pay TV
- Energy & Utility
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 9. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Type
- 9.1. Contactless Cards
- 9.2. Hybrid Cards
- 9.3. Dual-interface Cards
- 10. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Application
- 10.1. Government
- 10.2. Healthcare
- 10.3. Transportation
- 10.4. Telecommunications
- 10.5. Financial Services, Retail, & Loyalty
- 10.6. Pay TV
- 10.7. Energy & Utility
- 11. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. Latin America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 15. South Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 16. East Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 17. Oceania Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 18. Middle East and Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 19. Key and Emerging Countries Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Watchdata Technologies Ltd
- 21.2. Infineon Technologies AG
- 21.3. Texas Instruments Incorporated
- 21.4. Wuhan Tianyu Information Industry Co., Ltd.
- 21.5. CPI Card Group
- 21.6. Datang Telecom Technology Co., Ltd.
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2023
Figure 02: Global Market Volume Forecast (in 000' Units), 2024 to 2034
Figure 03: Pricing Analysis (US$) Per Type, By Region, 2023
Figure 04: Pricing Analysis (US$) Per Type, By Region, 2023
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2023
Figure 06: Global Market Value Forecast (US$ Mn), 2024 to 2034
Figure 07: Global Market Absolute $ Opportunity, 2024 to 2034
Figure 08: Global Market Share Analysis (%), By Type, 2024 to 2034
Figure 09: Global Market Y-o-Y Analysis (%), By Type, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Type, 2024 to 2034
Figure 11: Global Market Share Analysis (%), By Application, 2024 to 2034
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 14: Global Market Share Analysis (%), By Region, 2024 to 2034
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value Share, By Type, 2024 (E)
Figure 18: North America Market Value Share, By Application, 2024 (E)
Figure 19: North America Market Value Share, By Country, 2024 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2023
Figure 21: North America Market Value Forecast (US$ Mn), 2024 to 2034
Figure 22: North America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 24: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 25: Latin America Market Value Share, By Type, 2024 (E)
Figure 26: Latin America Market Value Share, By Application, 2024 (E)
Figure 27: Latin America Market Value Share, By Country, 2024 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2023
Figure 29: Latin America Market Value Forecast (US$ Mn), 2024 to 2034
Figure 30: Latin America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 31: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 32: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 33: Europe Market Value Share, By Type, 2024 (E)
Figure 34: Europe Market Value Share, By Application, 2024 (E)
Figure 35: Europe Market Value Share, By Country, 2024 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2023
Figure 37: Europe Market Value Forecast (US$ Mn), 2024 to 2034
Figure 38: Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 39: Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 40: Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 41: South Asia Market Value Share, By Type, 2024 (E)
Figure 42: South Asia Market Value Share, By Application, 2024 (E)
Figure 43: South Asia Market Value Share, By Country, 2024 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2023
Figure 45: South Asia Market Value Forecast (US$ Mn), 2024 to 2034
Figure 46: South Asia Market Attractiveness Analysis by Type, 2024 to 2034
Figure 47: South Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 48: South Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 49: East Asia Market Value Share, By Type, 2024 (E)
Figure 50: East Asia Market Value Share, By Application, 2024 (E)
Figure 51: East Asia Market Value Share, By Country, 2024 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2023
Figure 53: East Asia Market Value Forecast (US$ Mn), 2024 to 2034
Figure 54: East Asia Market Attractiveness Analysis by Type, 2024 to 2034
Figure 55: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 56: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 57: Oceania Market Value Share, By Type, 2024 (E)
Figure 58: Oceania Market Value Share, By Application, 2024 (E)
Figure 59: Oceania Market Value Share, By Country, 2024 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2023
Figure 61: Oceania Market Value Forecast (US$ Mn), 2024 to 2034
Figure 62: Oceania Market Attractiveness Analysis by Type, 2024 to 2034
Figure 63: Oceania Market Attractiveness Analysis by Application, 2024 to 2034
Figure 64: Oceania Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Middle East and Africa Market Value Share, By Type, 2024 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2024 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2024 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2023
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2024 to 2034
Figure 70: Middle East and Africa Market Attractiveness Analysis by Type, 2024 to 2034
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2024 to 2034
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2024 & 2034
Figure 74: UNITED STATES Market Value Share, By Type, 2024 (E)
Figure 75: UNITED STATES Market Value Share, By Application, 2024 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2024 & 2034
Figure 77: Canada Market Value Share, By Type, 2024 (E)
Figure 78: Canada Market Value Share, By Application, 2024 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2024 & 2034
Figure 80: Mexico Market Value Share, By Type, 2024 (E)
Figure 81: Mexico Market Value Share, By Application, 2024 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2024 & 2034
Figure 83: Brazil Market Value Share, By Type, 2024 (E)
Figure 84: Brazil Market Value Share, By Application, 2024 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2024 & 2034
Figure 86: UNITED KINGDOM Market Value Share, By Type, 2024 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Application, 2024 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2024 & 2034
Figure 89: Germany Market Value Share, By Type, 2024 (E)
Figure 90: Germany Market Value Share, By Application, 2024 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2024 & 2034
Figure 92: France Market Value Share, By Type, 2024 (E)
Figure 93: France Market Value Share, By Application, 2024 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2024 & 2034
Figure 95: Italy Market Value Share, By Type, 2024 (E)
Figure 96: Italy Market Value Share, By Application, 2024 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2024 & 2034
Figure 98: Spain Market Value Share, By Type, 2024 (E)
Figure 99: Spain Market Value Share, By Application, 2024 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2024 & 2034
Figure 101: Russia Market Value Share, By Type, 2024 (E)
Figure 102: Russia Market Value Share, By Application, 2024 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2024 & 2034
Figure 104: China Market Value Share, By Type, 2024 (E)
Figure 105: China Market Value Share, By Application, 2024 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2024 & 2034
Figure 107: Japan Market Value Share, By Type, 2024 (E)
Figure 108: Japan Market Value Share, By Application, 2024 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2024 & 2034
Figure 110: South Korea Market Value Share, By Type, 2024 (E)
Figure 111: South Korea Market Value Share, By Application, 2024 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2024 & 2034
Figure 113: India Market Value Share, By Type, 2024 (E)
Figure 114: India Market Value Share, By Application, 2024 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2024 & 2034
Figure 116: ASEAN Market Value Share, By Type, 2024 (E)
Figure 117: ASEAN Market Value Share, By Application, 2024 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2024 & 2034
Figure 119: Australia Market Value Share, By Type, 2024 (E)
Figure 120: Australia Market Value Share, By Application, 2024 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2024 & 2034
Figure 122: New Zealand Market Value Share, By Type, 2024 (E)
Figure 123: New Zealand Market Value Share, By Application, 2024 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2024 & 2034
Figure 125: GCC Countries Market Value Share, By Type, 2024 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2024 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2024 & 2034
Figure 128: Turkey Market Value Share, By Type, 2024 (E)
Figure 129: Turkey Market Value Share, By Application, 2024 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2024 & 2034
Figure 131: South Africa Market Value Share, By Type, 2024 (E)
Figure 132: South Africa Market Value Share, By Application, 2024 (E)
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Competitive landscape highlights only certain players
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- FAQs -
How big is the powered smart card market in 2024?
The global powered smart card market is estimated at US$ 14.5 billion in 2024.
What are the projected sales of powered smart cards for 2034?
By 2034-end, worldwide sales of powered smart cards are forecasted to reach US$ 24.2 billion.
At what rate is the demand for powered smart cards projected to grow?
Demand for powered smart cards is forecasted to rise at 5.2% CAGR over the next 10 years.
How are fast sales of powered smart cards growing in North America?
Sales of powered smart cards in North America are projected to rise at 5.4% CAGR from 2024 to 2034.
Which application of powered smart cards has a positive outlook?
The energy & utility segment is forecasted to expand at a CAGR of 6.2% from 2024 to 2034 in this market.
Powered Smart Card Market