Global Powered Smart Cards Market Research Report 2022

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.

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.
Due to the COVID-19 pandemic, the global Powered Smart Cards market size is estimated to be worth US$ 846.3 million in 2021 and is forecast to a readjusted size of US$ 1727.2 million by 2028 with a CAGR of 10.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Powered Smart Cards market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Powered Smart Cards landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Asia-Pacific is the largest Powered Smart Cards market with about 41% market share. Europe is follower, accounting for about 26% market share.
The key players are IDEMIA, Gemalto, OrangeTags, Eastcompeace Technology, Dahua Technology, ChuanDa KeHong New Technology, Dynamics, Watchdata Technologies, Shenzhen Marktrace Co., Ltd, Jinco Universal, ELA Innovation, Beijing Tangan, SYRIS Technology Corp, Guangdong Xinye etc. Top 3 companies occupied about 60% market share.
This report focuses on Powered Smart Cards volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Powered Smart Cards market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Australia, etc.
Global Powered Smart Cards Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Below 3 Years
3-5 Years
Above 5 Years

Segment by Application
Banking/Payment
Access Control
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
IDEMIA
Gemalto
OrangeTags
Eastcompeace Technology
Dahua Technology
ChuanDa KeHong New Technology
Dynamics
Watchdata Technologies
Shenzhen Marktrace Co., Ltd
Jinco Universal
ELA Innovation
Beijing Tangan
SYRIS Technology Corp
Guangdong Xinye