Global Smart Card Market Growth 2023-2029

The global Smart Card market size is projected to grow from US$ 17790 million in 2022 to US$ 22760 million in 2029; it is expected to grow at a CAGR of 22760 from 2023 to 2029.

Global key players of smart card include Thales Group, IDEMIA, Giesecke & Devrient, CPI Card Group, Eastcompeace, etc. The top five players hold a share about 20%. China is the largest producer, has a share about 31%, followed by Europe and North America, with share 27% and 17%, respectively. The largest market is Europe, with a share about 26%, followed by North America and China, with share 16% and 15%, separately.

A smart card, a type of chip card, is a plastic card embedded with a computer chip that stores and transacts data between users. This data is associated with either value or information or both and is stored and processed within the card’s chip, either a memory or microprocessor. The card data is transacted via a reader that is part of a computing system. Smart card-enhanced systems are in use today throughout several key applications, including healthcare, banking, entertainment and transportation. To various degrees, all applications can benefit from the added features and security that smart cards provide.

Researcher's newest research report, the “Smart Card Industry Forecast” looks at past sales and reviews total world Smart Card sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Card sales for 2023 through 2029. With Smart Card sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Card industry.

This Insight Report provides a comprehensive analysis of the global Smart Card landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Card portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Smart Card market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Card and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Card.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Card market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Contact Smart Card

Contactless Smart Card

Dual Interface Card

Segmentation by application







This report also splits the market by region:


United States








Southeast Asia









Middle East & Africa


South Africa



GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Thales Group


Giesecke & Devrient

CPI Card Group





HID Global

Chutian Dragon

Kona I

Wuhan Tianyu


Key Questions Addressed in this Report

What is the 10-year outlook for the global Smart Card market?

What factors are driving Smart Card market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Smart Card market opportunities vary by end market size?

How does Smart Card break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Frequently Asked Questions

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
  • By product type
  • By End User/Applications
  • By Technology
  • By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.