Dual Interface Smart Card Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

A dual interface chip card is integrated with an embedded chip and enables the card to be used in contactless and contact transactions. It allows card readers to get the card's identifying data through the use of a single chip. The developments in the semiconductor field and focus on innovation have accelerated the growth of dual interface smart cards globally. Several innovations in the healthcare sector and growing automation in this industry are also likely to propel the market growth during the forecast period.

MARKET SCOPE

The "Global Dual Interface Smart Card Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the dual interface smart card market with detailed market segmentation by substrate, embedded chip, application, and geography. The report provides key statistics on the market status of the leading dual interface smart card market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on substrate, the global dual interface smart card market is segmented into PVC, composite, teslin, and others.
  
•   On the basis of embedded chip, the market is segmented into microprocessor, stored value memory card, protected segment memory card, and others.
  
•   Based on application, the market is segmented into SIM cards and telecommunication, e-commerce, healthcare informatics, bank issued smart cards, and others.
  

MARKET DYNAMICS

Drivers:

•   The growing technological advancements in semiconductors and telecommunications sector drive the growth of the dual interface smart card market.
  
•   The rising focus on digital transactions, backed by various offers and gifts, are anticipated to witness massive demand during the forecast period.
  

Restraints:

•   The high initial cost may restrain the development of the dual interface smart card market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The dual interface smart card market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the dual interface smart card market in these regions.

IMPACT OF COVID-19 ON DUAL INTERFACE SMART CARD MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the dual interface smart card market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from dual interface smart card market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the dual interface smart card market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   AUSTRIACARD HOLDINGS AG
  
•   CardLogix Corporation
  
•   Eastcompeace Technology Co., Ltd.
  
•   Giesecke and Devrient GmbH
  
•   IDEX Biometrics ASA
  
•   Infineon Technologies AG
  
•   NedCard
  
•   NEXT Biometrics Group ASA.
  
•   Paragon Group Limited
  
•   Variuscard GmbH
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Dual Interface Smart Card Report Scope