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Global Smart Card Market 2022-2031 by Component (Hardware, Software, Services), Interface (Contact-based, Contactless, Dual, Hybrid), Card Type (Memory-based, MPU Microprocessor), Function (Transaction, Communication, Security & Access Control, Others), Industry Vertical, and Region: Trend Forecast and Growth Opportunity

  • Report ID: 29902
  • Date: Jun, 2022
  • Pages: 207
  • Category: ICT & Media

Global smart card market will reach $ 22,262.7 million by 2031, growing by 5.6% annually over 2021-2031, driven by the rising popularity and adoption of these smart cards in various sectors, the high penetration of smart cards in access control and personal identification applications, expansion in the global mobile network and enhancements in its infrastructure, and the surging demand for contactless payments amid COVID-19 pandemic.

Highlighted with 130 tables and 88 figures, this 207-page report “Global Smart Card Market 2021-2031 by Component (Hardware, Software, Services), Interface (Contact-based, Contactless, Dual, Hybrid), Card Type (Memory-based, MPU Microprocessor), Function (Transaction, Communication, Security & Access Control, Others), Industry Vertical, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global smart card market and all its sub-segments through extensively detailed classifications.

Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year.

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global smart card market in every aspect of the classification from perspectives of Component, Interface, Card Type, Function, Industry Vertical, and Region.

Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Hardware
• Software
• Services

Based on Interface, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Contact-based Smart Cards
• Contactless Smart Cards
• Dual-interface Smart Cards
• Hybrid Smart Cards

By Card Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Memory-based Smart Cards
• MPU Microprocessor-based Smart Cards

By Function, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Transaction
• Communication
• Security & Access Control
• Other Functions

By Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• BFSI
• IT and Telecom
• Government
• Transportation
• Healthcare
• Retail Industry
• Education
• Other Industry Verticals

Geographically, the following regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa, Other Nations)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of key national markets by Interface, Function, and Industry Vertical over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

ABCorp (American Banknote Corporation)
Alioth LLC
Bundesdruckerei GmbH
CardLogix Corporation
CPI Card Group Inc.
Eastcompeace Technology Co., Ltd. (Potevio Group)
Fingerprint Cards AB
Gemalto NV (Thales Group)
Giesecke & Devrient GmbH (MC Familiengesellschaft mbH)
HID Global Corporation (Assa Abloy AB)
IDEMIA France SAS
Identiv, Inc.
Infineon Technologies AG
IntelCav
Inteligensa SA de CV
KONA I Co., Ltd.
NXP Semiconductors NV
Samsung Electronics Co., Ltd.
Secura Key
VISA Inc.
Watchdata Technologies

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

1 Introduction 9
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 21
2.1 Market Size and Forecast 21
2.1.1 Impact of COVID-19 on World Economy 23
2.1.2 Impact of COVID-19 on the Market 25
2.2 Major Growth Drivers 27
2.3 Market Restraints and Challenges 34
2.4 Emerging Opportunities and Market Trends 37
2.5 Porter’s Fiver Forces Analysis 41
3 Segmentation of Global Market by Component 45
3.1 Market Overview by Component 45
3.2 Hardware 47
3.3 Software 48
3.4 Services 49
4 Segmentation of Global Market by Interface 50
4.1 Market Overview by Interface 50
4.2 Contact-based Smart Cards 52
4.3 Contactless Smart Cards 53
4.4 Dual-interface Smart Cards 54
4.5 Hybrid Smart Cards 55
5 Segmentation of Global Market by Card Type 56
5.1 Market Overview by Card Type 56
5.2 Memory-based Smart Cards 58
5.3 MPU Microprocessor-based Smart Cards 59
6 Segmentation of Global Market by Function 60
6.1 Market Overview by Function 60
6.2 Transaction 62
6.3 Communication 63
6.4 Security & Access Control 64
6.5 Other Functions 65
7 Segmentation of Global Market by Industry Vertical 66
7.1 Market Overview by Industry Vertical 66
7.2 BFSI 68
7.3 IT and Telecom 69
7.4 Government 70
7.5 Transportation 71
7.6 Healthcare 72
7.7 Retail Industry 73
7.8 Education 74
7.9 Other Industry Verticals 75
8 Segmentation of Global Market by Region 76
8.1 Geographic Market Overview 2021-2031 76
8.2 North America Market 2021-2031 by Country 80
8.2.1 Overview of North America Market 80
8.2.2 U.S. 84
8.2.3 Canada 87
8.2.4 Mexico 89
8.3 European Market 2021-2031 by Country 91
8.3.1 Overview of European Market 91
8.3.2 Germany 95
8.3.3 U.K. 97
8.3.4 France 99
8.3.5 Spain 101
8.3.6 Italy 103
8.3.7 Russia 105
8.3.8 Rest of European Market 107
8.4 Asia-Pacific Market 2021-2031 by Country 109
8.4.1 Overview of Asia-Pacific Market 109
8.4.2 Japan 113
8.4.3 China 116
8.4.4 Australia 118
8.4.5 India 120
8.4.6 South Korea 122
8.4.7 Rest of APAC Region 124
8.5 South America Market 2021-2031 by Country 126
8.5.1 Argentina 129
8.5.2 Brazil 131
8.5.3 Chile 133
8.5.4 Rest of South America Market 135
8.6 MEA Market 2021-2031 by Country 136
8.6.1 UAE 139
8.6.2 Saudi Arabia 141
8.6.3 South Africa 143
8.6.4 Other National Markets 145
9 Competitive Landscape 146
9.1 Overview of Key Vendors 146
9.2 New Product Launch, Partnership, Investment, and M&A 149
9.3 Company Profiles 150
ABCorp (American Banknote Corporation) 150
Alioth LLC 151
Bundesdruckerei GmbH 153
CardLogix Corporation 156
CPI Card Group Inc. 158
Eastcompeace Technology Co., Ltd. (Potevio Group) 161
Fingerprint Cards AB 162
Gemalto NV (Thales Group) 165
Giesecke & Devrient GmbH (MC Familiengesellschaft mbH) 170
HID Global Corporation (Assa Abloy AB) 173
IDEMIA France SAS 176
Identiv, Inc. 180
Infineon Technologies AG 182
IntelCav 186
Inteligensa SA de CV 188
KONA I Co., Ltd. 189
NXP Semiconductors NV 191
Samsung Electronics Co., Ltd. 194
Secura Key 198
VISA Inc. 201
Watchdata Technologies 205
RELATED REPORTS 207


List of Tables



Table 1. Snapshot of Global Smart Card Market in Balanced Perspective, 2021-2031 19
Table 2. World Economic Outlook, 2021-2031 24
Table 3. Main Product Trends and Market Opportunities in Global Smart Card Market 37
Table 4. Global Smart Card Market by Component, 2021-2031, $ mn 45
Table 5. Global Smart Card Market by Interface, 2021-2031, $ mn 50
Table 6. Global Smart Card Market by Card Type, 2021-2031, $ mn 56
Table 7. Global Smart Card Market by Function, 2021-2031, $ mn 60
Table 8. Global Smart Card Market by Industry Vertical, 2021-2031, $ mn 66
Table 9. Global Smart Card Market by Region, 2021-2031, $ mn 77
Table 10. Leading National Smart Card Market, 2021 and 2031, $ mn 79
Table 11. North America Smart Card Market by Country, 2021-2031, $ mn 82
Table 12. U.S. Smart Card Market by Interface, 2021-2031, $ mn 86
Table 13. U.S. Smart Card Market by Function, 2021-2031, $ mn 86
Table 14. U.S. Smart Card Market by Industry Vertical, 2021-2031, $ mn 86
Table 15. Canada Smart Card Market by Interface, 2021-2031, $ mn 88
Table 16. Canada Smart Card Market by Function, 2021-2031, $ mn 88
Table 17. Canada Smart Card Market by Industry Vertical, 2021-2031, $ mn 88
Table 18. Mexico Smart Card Market by Interface, 2021-2031, $ mn 90
Table 19. Mexico Smart Card Market by Function, 2021-2031, $ mn 90
Table 20. Mexico Smart Card Market by Industry Vertical, 2021-2031, $ mn 90
Table 21. Europe Smart Card Market by Country, 2021-2031, $ mn 94
Table 22. Germany Smart Card Market by Interface, 2021-2031, $ mn 96
Table 23. Germany Smart Card Market by Function, 2021-2031, $ mn 96
Table 24. Germany Smart Card Market by Industry Vertical, 2021-2031, $ mn 96
Table 25. U.K. Smart Card Market by Interface, 2021-2031, $ mn 98
Table 26. U.K. Smart Card Market by Function, 2021-2031, $ mn 98
Table 27. U.K. Smart Card Market by Industry Vertical, 2021-2031, $ mn 98
Table 28. France Smart Card Market by Interface, 2021-2031, $ mn 100
Table 29. France Smart Card Market by Function, 2021-2031, $ mn 100
Table 30. France Smart Card Market by Industry Vertical, 2021-2031, $ mn 100
Table 31. Spain Smart Card Market by Interface, 2021-2031, $ mn 102
Table 32. Spain Smart Card Market by Function, 2021-2031, $ mn 102
Table 33. Spain Smart Card Market by Industry Vertical, 2021-2031, $ mn 102
Table 34. Italy Smart Card Market by Interface, 2021-2031, $ mn 104
Table 35. Italy Smart Card Market by Function, 2021-2031, $ mn 104
Table 36. Italy Smart Card Market by Industry Vertical, 2021-2031, $ mn 104
Table 37. Russia Smart Card Market by Interface, 2021-2031, $ mn 106
Table 38. Russia Smart Card Market by Function, 2021-2031, $ mn 106
Table 39. Russia Smart Card Market by Industry Vertical, 2021-2031, $ mn 106
Table 40. Smart Card Market in Rest of Europe by Country, 2021-2031, $ mn 108
Table 41. APAC Smart Card Market by Country, 2021-2031, $ mn 111
Table 42. Japan Smart Card Market by Interface, 2021-2031, $ mn 115
Table 43. Japan Smart Card Market by Function, 2021-2031, $ mn 115
Table 44. Japan Smart Card Market by Industry Vertical, 2021-2031, $ mn 115
Table 45. China Smart Card Market by Interface, 2021-2031, $ mn 117
Table 46. China Smart Card Market by Function, 2021-2031, $ mn 117
Table 47. China Smart Card Market by Industry Vertical, 2021-2031, $ mn 117
Table 48. Australia Smart Card Market by Interface, 2021-2031, $ mn 119
Table 49. Australia Smart Card Market by Function, 2021-2031, $ mn 119
Table 50. Australia Smart Card Market by Industry Vertical, 2021-2031, $ mn 119
Table 51. India Smart Card Market by Interface, 2021-2031, $ mn 121
Table 52. India Smart Card Market by Function, 2021-2031, $ mn 121
Table 53. India Smart Card Market by Industry Vertical, 2021-2031, $ mn 121
Table 54. South Korea Smart Card Market by Interface, 2021-2031, $ mn 123
Table 55. South Korea Smart Card Market by Function, 2021-2031, $ mn 123
Table 56. South Korea Smart Card Market by Industry Vertical, 2021-2031, $ mn 123
Table 57. Smart Card Market in Rest of APAC by Country/Region, 2021-2031, $ mn 125
Table 58. South America Smart Card Market by Country, 2021-2031, $ mn 128
Table 59. Argentina Smart Card Market by Interface, 2021-2031, $ mn 130
Table 60. Argentina Smart Card Market by Function, 2021-2031, $ mn 130
Table 61. Argentina Smart Card Market by Industry Vertical, 2021-2031, $ mn 130
Table 62. Brazil Smart Card Market by Interface, 2021-2031, $ mn 132
Table 63. Brazil Smart Card Market by Function, 2021-2031, $ mn 132
Table 64. Brazil Smart Card Market by Industry Vertical, 2021-2031, $ mn 132
Table 65. Chile Smart Card Market by Interface, 2021-2031, $ mn 134
Table 66. Chile Smart Card Market by Function, 2021-2031, $ mn 134
Table 67. Chile Smart Card Market by Industry Vertical, 2021-2031, $ mn 134
Table 68. MEA Smart Card Market by Country, 2021-2031, $ mn 138
Table 69. UAE Smart Card Market by Interface, 2021-2031, $ mn 140
Table 70. UAE Smart Card Market by Function, 2021-2031, $ mn 140
Table 71. UAE Smart Card Market by Industry Vertical, 2021-2031, $ mn 140
Table 72. Saudi Arabia Smart Card Market by Interface, 2021-2031, $ mn 142
Table 73. Saudi Arabia Smart Card Market by Function, 2021-2031, $ mn 142
Table 74. Saudi Arabia Smart Card Market by Industry Vertical, 2021-2031, $ mn 142
Table 75. South Africa Smart Card Market by Interface, 2021-2031, $ mn 144
Table 76. U.S. Smart Card Market by Function, 2021-2031, $ mn 144
Table 77. U.S. Smart Card Market by Industry Vertical, 2021-2031, $ mn 144
Table 78. ABCorp (American Banknote Corporation): Company Snapshot 150
Table 79. Alioth LLC: Company Snapshot 151
Table 80. Alioth LLC: Product Portfolio 152
Table 81. Bundesdruckerei GmbH: Company Snapshot 153
Table 82. Bundesdruckerei GmbH: Product Portfolio 154
Table 83. CardLogix Corporation: Company Snapshot 156
Table 84. CardLogix Corporation: Product Portfolio 157
Table 85. CPI Card Group Inc.: Company Snapshot 158
Table 86. CPI Card Group Inc.: Business Segmentation 159
Table 87. CPI Card Group Inc.: Product Portfolio 160
Table 88. Eastcompeace Technology Co., Ltd.: Company Snapshot 161
Table 89. Fingerprint Cards Ab: Company Snapshot 162
Table 90. Fingerprint Cards Ab: Product Portfolio of Smart Cards 163
Table 91. Thales Group: Company Snapshot 165
Table 92. Thales Group: Revenue Distribution by Business Segment in 2020 166
Table 93. Thales Group: Revenue Distribution by Region in 2020 166
Table 94. Thales Group: Product Portfolio of Smart Cards 167
Table 95. Giesecke & Devrient GmbH: Company Snapshot 170
Table 96. Giesecke & Devrient GmbH: Revenue Distribution by Business Segment in 2020 171
Table 97. Giesecke & Devrient GmbH: Product Portfolio of Smart Cards 171
Table 98. HID Global Corporation: Company Snapshot 173
Table 99. HID Global Corporation: Revenue Distribution by Business Segment in 2020 174
Table 100. HID Global Corporation: Product Portfolio of Smart Cards 174
Table 101. IDEMIA France SAS: Company Snapshot 176
Table 102. IDEMIA France SAS: Product Portfolio 177
Table 103. Identiv, Inc.: Company Snapshot 180
Table 104. Identiv, Inc.: Product Portfolio 181
Table 105. Infineon Technologies AG: Company Snapshot 182
Table 106. Infineon Technologies AG: Revenue Distribution by Business Segment in 2020 183
Table 107. Infineon Technologies AG: Revenue Distribution by Region in 2020 183
Table 108. Infineon Technologies AG: Product Portfolio of Smart Cards 184
Table 109. IntelCav: Company Snapshot 186
Table 110. IntelCav: Product Portfolio 187
Table 111. Inteligensa SA de CV: Company Snapshot 188
Table 112. KONA I Co., Ltd.: Company Snapshot 189
Table 113. KONA I Co., Ltd.: Product Portfolio of Smart Cards 190
Table 114. NXP Semiconductors N.V.: Company Snapshot 191
Table 115. NXP Semiconductors N.V.: Revenue Distribution by Business Segment in 2020 192
Table 116. NXP Semiconductors N.V.: Revenue Distribution by Region in 2020 192
Table 117. NXP Semiconductors N.V.: Product Portfolio of Smart Cards 193
Table 118. Samsung Electronics Co., Ltd.: Company Snapshot 194
Table 119. Samsung Electronics Major Products by Business Division 195
Table 120. Samsung Electronics Co., Ltd.: Revenue by Region in 2020 195
Table 121. Samsung Electronics Co., Ltd.: Revenue by Segment in 2020 195
Table 122. Samsung Electronics Co., Ltd.: Product Portfolio of Smart Cards 196
Table 123. Secura Key: Company Snapshot 198
Table 124. Secura Key: Product Portfolio of Smart Cards 199
Table 125. VISA Inc.: Company Snapshot 201
Table 126. VISA Inc.: Revenue Distribution by Business Segment in 2020 202
Table 127. VISA Inc.: Revenue Distribution by Region in 2020 202
Table 128. VISA Inc.: Product Portfolio of Smart Cards 203
Table 129. Watchdata Technologies: Company Snapshot 205
Table 130. Watchdata Technologies: Product Portfolio of Smart Cards 206


List of Figures



Figure 1. Research Method Flow Chart 13
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 16
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 18
Figure 4. Industry Value Chain Analysis 21
Figure 5. Global Smart Card Market, 2021-2031, $ mn 22
Figure 6. Impact of COVID-19 on Business 25
Figure 7. Primary Drivers and Impact Factors of Global Smart Card Market 27
Figure 8. World Smartphone Market by Value, 2017-2027, $ bn 30
Figure 9. World Mobile Banking Market, 2019-2030, $ mn 30
Figure 10. Worldwide Total Transactions on Cards, billion, 2021 and 2026 31
Figure 11. Purchase Volumes of Major Card Networks in U.S., $ billion, 2020-2021 32
Figure 12. Purchase Volume and Outstanding Receivables of Credit Cards in U.S., $ billion, 1991-2026 33
Figure 13. Primary Restraints and Impact Factors of Global Smart Card Market 34
Figure 14. Investment Opportunity Analysis 38
Figure 15. Porter’s Fiver Forces Analysis of Global Smart Card Market 41
Figure 16. Breakdown of Global Smart Card Market by Component, 2021-2031, % of Revenue 46
Figure 17. Global Addressable Market Cap in 2022-2031 by Component, Value ($ mn) and Share (%) 46
Figure 18. Global Smart Card Market by Component: Hardware, 2021-2031, $ mn 47
Figure 19. Global Smart Card Market by Component: Software, 2021-2031, $ mn 48
Figure 20. Global Smart Card Market by Component: Services, 2021-2031, $ mn 49
Figure 21. Breakdown of Global Smart Card Market by Interface, 2021-2031, % of Sales Revenue 51
Figure 22. Global Addressable Market Cap in 2022-2031 by Interface, Value ($ mn) and Share (%) 51
Figure 23. Global Smart Card Market by Interface: Contact-based Smart Cards, 2021-2031, $ mn 52
Figure 24. Global Smart Card Market by Interface: Contactless Smart Cards, 2021-2031, $ mn 53
Figure 25. Global Smart Card Market by Interface: Dual-interface Smart Cards, 2021-2031, $ mn 54
Figure 26. Global Smart Card Market by Interface: Hybrid Smart Cards, 2021-2031, $ mn 55
Figure 27. Breakdown of Global Smart Card Market by Card Type, 2021-2031, % of Sales Revenue 57
Figure 28. Global Addressable Market Cap in 2022-2031 by Card Type, Value ($ mn) and Share (%) 57
Figure 29. Global Smart Card Market by Card Type: Memory-based Smart Cards, 2021-2031, $ mn 58
Figure 30. Global Smart Card Market by Card Type: MPU Microprocessor-based Smart Cards, 2021-2031, $ mn 59
Figure 31. Breakdown of Global Smart Card Market by Function, 2021-2031, % of Revenue 61
Figure 32. Global Addressable Market Cap in 2022-2031 by Function, Value ($ mn) and Share (%) 61
Figure 33. Global Smart Card Market by Function: Transaction, 2021-2031, $ mn 62
Figure 34. Global Smart Card Market by Function: Communication, 2021-2031, $ mn 63
Figure 35. Global Smart Card Market by Function: Security & Access Control, 2021-2031, $ mn 64
Figure 36. Global Smart Card Market by Function: Other Functions, 2021-2031, $ mn 65
Figure 37. Breakdown of Global Smart Card Market by Industry Vertical, 2021-2031, % of Revenue 67
Figure 38. Global Addressable Market Cap in 2022-2031 by Industry Vertical, Value ($ mn) and Share (%) 67
Figure 39. Global Smart Card Market by Industry Vertical: BFSI, 2021-2031, $ mn 68
Figure 40. Global Smart Card Market by Industry Vertical: IT and Telecom, 2021-2031, $ mn 69
Figure 41. Global Smart Card Market by Industry Vertical: Government, 2021-2031, $ mn 70
Figure 42. Global Smart Card Market by Industry Vertical: Transportation, 2021-2031, $ mn 71
Figure 43. Global Smart Card Market by Industry Vertical: Healthcare, 2021-2031, $ mn 72
Figure 44. Global Smart Card Market by Industry Vertical: Retail Industry, 2021-2031, $ mn 73
Figure 45. Global Smart Card Market by Industry Vertical: Education, 2021-2031, $ mn 74
Figure 46. Global Smart Card Market by Industry Vertical: Other Industry Verticals, 2021-2031, $ mn 75
Figure 47. Global Market Snapshot by Region 76
Figure 48. Geographic Spread of Worldwide Smart Card Market, 2021-2031, % of Sales Revenue 77
Figure 49. Global Addressable Market Cap in 2022-2031 by Region, Value ($ mn) and Share (%) 78
Figure 50. North American Smart Card Market, 2021-2031, $ mn 81
Figure 51. Breakdown of North America Smart Card Market by Country, 2021 and 2031, % of Revenue 82
Figure 52. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 83
Figure 53. U.S. Smart Card Market, 2021-2031, $ mn 85
Figure 54. Canada Smart Card Market, 2021-2031, $ mn 87
Figure 55. Smart Card Market in Mexico, 2021-2031, $ mn 89
Figure 56. European Smart Card Market, 2021-2031, $ mn 92
Figure 57. Breakdown of European Smart Card Market by Country, 2021 and 2031, % of Revenue 93
Figure 58. Contribution to Europe 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 94
Figure 59. Smart Card Market in Germany, 2021-2031, $ mn 95
Figure 60. Smart Card Market in U.K., 2021-2031, $ mn 97
Figure 61. Smart Card Market in France, 2021-2031, $ mn 99
Figure 62. Smart Card Market in Spain, 2021-2031, $ mn 101
Figure 63. Smart Card Market in Italy, 2021-2031, $ mn 103
Figure 64. Smart Card Market in Russia, 2021-2031, $ mn 105
Figure 65. Smart Card Market in Rest of Europe, 2021-2031, $ mn 107
Figure 66. Asia-Pacific Smart Card Market, 2021-2031, $ mn 110
Figure 67. Breakdown of APAC Smart Card Market by Country, 2021 and 2031, % of Revenue 110
Figure 68. Contribution to APAC 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 112
Figure 69. Smart Card Market in Japan, 2021-2031, $ mn 114
Figure 70. Smart Card Market in China, 2021-2031, $ mn 116
Figure 71. Smart Card Market in Australia, 2021-2031, $ mn 118
Figure 72. Smart Card Market in India, 2021-2031, $ mn 120
Figure 73. Smart Card Market in South Korea, 2021-2031, $ mn 122
Figure 74. Smart Card Market in Rest of APAC, 2021-2031, $ mn 124
Figure 75. South America Smart Card Market, 2021-2031, $ mn 127
Figure 76. Breakdown of South America Smart Card Market by Country, 2021 and 2031, % of Revenue 127
Figure 77. Contribution to South America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 128
Figure 78. Smart Card Market in Argentina, 2021-2031, $ mn 129
Figure 79. Smart Card Market in Brazil, 2021-2031, $ mn 131
Figure 80. Smart Card Market in Chile, 2021-2031, $ mn 133
Figure 81. Smart Card Market in Rest of South America, 2021-2031, $ mn 135
Figure 82. Smart Card Market in Middle East and Africa (MEA), 2021-2031, $ mn 137
Figure 83. Breakdown of MEA Smart Card Market by Country, 2021 and 2031, % of Revenue 137
Figure 84. Contribution to MEA 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 138
Figure 85. Smart Card Market in UAE, 2021-2031, $ mn 139
Figure 86. Smart Card Market in Saudi Arabia, 2021-2031, $ mn 141
Figure 87. Smart Card Market in South Africa, 2021-2031, $ mn 143
Figure 88. Growth Stage of Global Smart Card Industry over the Forecast Period 146

Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.

In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.

This research methodology has been segmented into following types:

Primary Research:

It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.

Secondary Research:

The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.

Qualitative Research:

It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.

Quantitative Research:

It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.

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