GITNUX MARKETDATA REPORT 2024

Smart Card Industry Statistics

The smart card industry is expected to continue growing steadily due to the increasing adoption of digital payment solutions and enhanced security measures.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore the dynamic landscape of the smart card industry, backed by a series of compelling statistics that shed light on its current standing and future projections. From robust market sizes to sector-specific insights and regional dominance, the global smart card market is positioned for significant growth and evolution in the coming years.

Statistic 1

"The global smart card market size was valued at USD 7.19 billion in 2019."

Statistic 2

"The smart card industry is expected to reach USD 21.57 billion by 2025."

Statistic 3

"The Asia-Pacific region accounted for the highest market share in the global smart card market in 2016."

Statistic 4

"The adoption of smart cards in the healthcare industry is expected to reach USD 2.2 billion by 2025."

Statistic 5

"The financial sector is the largest vertical segment in the global smart card market which accounted for 44.7% revenue in 2019."

Statistic 6

"The Middle East and Africa smart card market revenue is expected to grow at a CAGR of over 9% during 2020-2025."

Statistic 7

"More than 2.8 billion EMV chip cards have been issued globally due to the widespread adoption of smart card technology."

Statistic 8

"As of 2020, China accounts for nearly 70% of the global smart card market."

Statistic 9

"North America is projected to reach USD 3.2 billion by 2025 in the smart card market."

Statistic 10

"Europe smart card market generated a revenue of USD 2.5 billion in 2019."

Statistic 11

"Over 90% of debit and credit cards in Europe use smart card technology."

Statistic 12

"Latin America's smart card market size was worth $801.4 million in 2019."

Statistic 13

"The telecommunications sector is expected to dominate the smart card industry by holding over 45.7% revenue share by 2025."

Statistic 14

"The smart card market in transportation is estimated to grow at a CAGR of around 8% through 2026."

The global smart card market is experiencing significant growth and diversification across various industries and regions. With a strong presence in sectors such as finance, healthcare, and telecommunications, smart card technology is becoming increasingly essential for secure transactions and data management. The market is projected to more than triple in value by 2025, with key markets in Asia-Pacific, North America, and China driving this expansion. As the adoption of smart cards continues to rise worldwide, particularly in areas like EMV chip cards and transportation, the smart card industry is poised for continued success and innovation in the coming years.