The global Powered Smart Cards market is valued at 634.8 million US$ in 2018 and will reach 1271.1 million US$ by the end of 2025, growing at a CAGR of 10.6% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Powered Smart Cards market based on company, product type, end user and key regions.
Powered Smart Cards use battery-powered smart cards that continuously broadcast their own signal. Powered Smart Cards are commonly used as ?beacons to accurately track the real-time location of assets or in high-speed environments such as tolling. Powered Smart Cards provide a much longer read range than passive tags, but they are also much more expensive.
A smart card, chip card, or integrated circuit card (ICC) is a physical electronic authorization device, used to control access to a resource. It is typically a plastic credit card sized card with an embedded integrated circuit. Many smart cards include a pattern of metal contacts to electrically connect to the internal chip. Others are contactless, and some are both. Smart cards can provide personal identification, authentication, data storage, and application processing. Applications include identification, financial, mobile phones (SIM), public transit, computer security, schools, and healthcare. Smart cards may provide strong security authentication for single sign-on (SSO) within organizations.
At present, in developed countries, the Smart Card industry is generally at a more advanced level. The world’s largest enterprises are mainly concentrated in Europe. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level. Smart Card is a technology-intensive industry. Most of products are purchased through the bidding, which need high request to the providers, include the technology, cost, service and so on. With the development in production and technology, Chinese communications operators gradually shift to the domestic manufacturers. It is important for European and North American manufactures to monitor the Asian Market closely and follow any new technologies they may develop or else they may find themselves not able to produce at the speed and with the quality needed.Smart labels market is segmented on the basis of application into banking/payment, access control, and others. In 2018, the banking/payment segment accounted for the largest share of the application segment. The access control segment is projected to grow at a highest CAGR during the forecast period.
This report studies the global market size of Powered Smart Cards in key regions like North America, Europe, China and Australia, focuses on the consumption of Powered Smart Cards in these regions.
This research report categorizes the global Powered Smart Cards market by top players/brands, region, type and end user. This report also studies the global Powered Smart Cards market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
- Eastcompeace Technology
- Dahua Technology
- ChuanDa KeHong New Technology
- Watchdata Technologies
- Shenzhen Marktrace Co., Ltd
- Jinco Universal
- ELA Innovation
- Beijing Tangan
- SYRIS Technology Corp
- Guangdong Xinye
– Table of Contents
– List of Tables & Figures
– Research Methodology
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Powered Smart Cards market size by Type
- 3 Years
- 3-5 Years
- > 5 Years
In 2018, 3-5 Years accounted for a major share of 68% in the global Powered Smart Cards market. And this product segment is poised to reach 296.46 M USD by 2025 from 150.87 M USD in 2018.
Powered Smart Cards market size by Applications
- Access Control
In Powered Smart Cards market, Banking/Payment segment holds an important share in terms of application, and it is expected to reach a volume of 116.61 (M Units) by 2025, at a CAGR of 12.36% during 2018 and 2025. It means that Powered Smart Cards will be promising in the Banking/Payment field in the next couple of years.
Market size by Region
- North America
- United States
- South Korea
- Central & South America
- Middle East & Africa
- GCC Countries
- South Africa
The study objectives of this report are:
- To study and analyze the global Powered Smart Cards market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
- To understand the structure of Powered Smart Cards market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global Powered Smart Cards companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
- To project the value and sales volume of Powered Smart Cards submarkets, with respect to key regions.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Powered Smart Cards are as follows:
- History Year: 2014-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (M Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Powered Smart Cards market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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