Smart Card Industry in India: Industry Size, Trends, Share, Key Players, Growth Drivers & Restraints, And Forecast 2017-2025

India Smart Card Market Outlook 2017-2025

Market Overview

Smart cards are of flexible plastic sized of the credit card that contains silicon integrated circuit chips to store and securely transact the data. Smart cards have multiple advantages from storing data to storing cash. Smart card is an important component in the era of IoT, which is in developing phase in India. The establishment of smart cities and growing adaptation of the technologies are the major factor driving the growth of India smart card market. Smart cards enable quick access and quick ID verification in multiple places such in transport system, payments, hotels and restaurants. The transforming economy of India with the expansion of manufacturing industries, infrastructure industries and hospitality are major application areas of smart cards. The government initiatives such as National Urban Transport Policy, Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Automotive Mission Plan (AMP2026), and FAME (Faster Adoption and Manufacturing of Electric/Hybrid) have opened up the huge opportunities in the application of smart cards. For example the smart grid in India will be facilitated by the smart cards in electricity payments from the customer end and on the service provider end for controlling the access of persons in the restricted areas as the ‘multiple component smart cards’ provides need-specific solutions like fingerprint sensor, rewritable magnetic stripes and others. Goldstein Research analyst forecast that the India smart card market is set to reach USD 5.26 billion by 2025, growing at a CAGR of 7.14% over the forecast period (2017-2025).

India Smart Card Market Segmentation

By Card Type

• Contact Card
• Contactless Card
• Multi-Component Card

Contact card accounted for largest market share of 27.9% in 2017. Over the forecast period contactless card is expected to surpass the contact card market share on the back of the developing IoT environment in India.

By Component

• Memory Based
• Microcontroller Based
• Magnetic Stripes

By Application

• Payment Transactions
• ID Verification
• Access Control

By End-User

• Banking Industry
• Hospitality Industry
• Healthcare Industry
• Manufacturing Industry
• Transportation Sector
• Laboratories
• Others

By Geography

• Northern India {Market Share (%), Market Size (USD Billion)} India Smart card Market
• Central India {Market Share (%), Market Size (USD Billion)} India Smart Card Market
• Eastern India {Market Share (%), Market Size (USD Billion)} India Smart Card Market
• Western India {Market Share (%), Market Size (USD Billion)} India Smart Card Market
• Southern India {Market Share (%), Market Size (USD Billion)} India Smart Card Market

Covered In This India Smart Card Market Report

The report covers the present ground scenario and the future growth prospects of the smart card market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the India region. India smart card market is forecasted on the basis of smart card production supply and agricultural produce.

India smart card Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the India smart card market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “India Smart card Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our India smart card market report comprises of the following companies as the key players: Infineon Technologies, NXP Semiconductors, Samsung Semiconductor, STMicroelectronics, Smart Card IT Solutions Limited, iD smart card creations pvt. Ltd., Bartronics.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this India Smart Card Market Report

• What is the total market size by 2025 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for India smart card Market
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