Registering a CAGR of 6.8% over the forecast period, the market value of Dual Interface IC Card is expected to reach US$ 4,405.70 million in the year 2027.
A Dual Interface IC Card contains an embedded chip that allows the card to be used in both contactless and contact transactions. It enables card readers to obtain the card's identifying data by utilizing a single chip. The advancements in the semiconductor field, as well as the emphasis on innovation, have accelerated the global growth of Dual Interface IC Cards. Several innovations in the healthcare sector, as well as increasing automation in this industry, are expected to drive market growth during the forecast period.
Technological advancements in the healthcare industry, as well as increased automation, are expected to drive market growth even further. As a result of increased demand for numerous applications such as assets biotechnology, smart cities, smart grids, smart stadiums, and connected cars, the launch of Next Generation Networks (NGNs) and implementation of the Internet of Things (IoT) will aid the market growth.
There are some drawbacks and constraints that will limit the overall market growth. High investment, card authentication, and technology are potential restraints to the global growth of the Global Dual Interface IC Card Market. Nonetheless, technological advancements and untapped potential in developing markets present promising growth opportunities.
The report aspects discussed the profile of the top manufacturers of the global Dual Interface IC Card market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Dual Interface IC Card Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
The global Dual Interface IC Card includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Gemalto, Oberthur Technologies, Giesecke & Devrient, Goldpac, Eastcompeace, CPI Card Group, Hengbao, VALID, Wuhan Tianyu, Watchdata Systems Co. Ltd, Datang, Kona I and others.
Banco Cetelem Brazil will switch to 100% sustainable card production.
09.29.21—Beginning in August 2021, Banco Cetelem Brazil, a credit solutions specialist and member of the French group BNP Paribas, will begin to migrate its card base to more sustainable options. The cards will now be made from recycled PVC, which will reduce the company's carbon dioxide (CO2) emissions by 2.7 tonnes in 2021 and another 5 tonnes by the end of 2022. The launch complements the company's other sustainability-focused initiatives.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
East Asia is regarded as the most profitable region in the global Dual Interface IC Card market, owing to rapid growth in the consumer electronics industry and rising demand for loyalty cards. In terms of data privacy and encryption technology, regional trends and regulatory policies play an important role in the development of Dual Interface IC Card and semiconductor markets.
The Dual Interface IC Card Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Dual Interface IC Card Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Dual Interface IC Card Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Dual Interface IC Card Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Dual Interface IC Card Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Gemalto, Oberthur Technologies, Giesecke & Devrient, Goldpac, Eastcompeace |
Forecast Period 2022 to 2027 CAGR | CAGR of 6.8% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Gemalto, Oberthur Technologies, Giesecke & Devrient, Goldpac, Eastcompeace, CPI Card Group, Hengbao, VALID, Wuhan Tianyu, Watchdata Systems Co. Ltd, Datang, Kona I |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 163 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Dual Interface IC Card Market is studied from 2017 - 2027.
What is the growth rate of the Dual Interface IC Card Market?
The Dual Interface IC Card Market is growing at a CAGR of 6.8% over the next 5 years.
Who are the key players in Dual Interface IC Card Market?
Gemalto, Oberthur Technologies, Giesecke & Devrient, Goldpac, Eastcompeace, CPI Card Group, Hengbao, VALID, Wuhan Tianyu, Watchdata Systems Co. Ltd, Datang, Kona I
What regions does this Dual Interface IC Card Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Dual Interface IC Card Market?
Standard, Irregular
What are the major end-use applications of Dual Interface IC Card Market?
Finance, Government & Public Utilities, Transportation, Others
All our reports are custom-made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
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PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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