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Report World - Cards Incorporating An Electronic Integrated Circuit (Smart Card) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Cards Incorporating An Electronic Integrated Circuit (Smart Card) - Market Analysis, Forecast, Size, Trends and Insights

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Global Smart Card Market 2024

Smart Card Market Size

The global smart card market surged to $X in 2022, picking up by 3,132% against the previous year. Over the period under review, consumption posted a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Smart Card Production

In value terms, smart card production dropped slightly to $X in 2022 estimated in export price. Overall, production enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of 43% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Smart Card Exports

Exports

In 2022, the amount of cards incorporating an electronic integrated circuit (smart card) exported worldwide rose remarkably to X units, surging by 5.8% against the year before. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 33%. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, smart card exports surged to $X in 2022. The total export value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporter of cards incorporating an electronic integrated circuit (smart card) in the world, with the volume of exports reaching X units, which was near 60% of total exports in 2022. It was distantly followed by Hong Kong SAR (X units), generating a 21% share of total exports. The following exporters - India (X units) and France (X units) - together made up 4.3% of total exports.

Exports from China increased at an average annual rate of +16.3% from 2012 to 2022. At the same time, Hong Kong SAR (+29.4%), India (+7.7%) and France (+2.5%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in the world, with a CAGR of +29.4% from 2012-2022. Hong Kong SAR (+16 p.p.) and China (+14 p.p.) significantly strengthened its position in terms of the global exports, while India and France saw its share reduced by -1.8% and -2.7% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest smart card supplier worldwide, comprising 30% of global exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 6.7% share of global exports. It was followed by France, with a 5.9% share.

In China, smart card exports expanded at an average annual rate of +7.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (+9.4% per year) and France (-2.5% per year).

Export Prices by Country

In 2022, the average smart card export price amounted to $X per unit, rising by 14% against the previous year. In general, the export price, however, recorded a abrupt descent. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.1%), while the other global leaders experienced a decline in the export price figures.

Smart Card Imports

Imports

For the eleventh year in a row, the global market recorded growth in purchases abroad of cards incorporating an electronic integrated circuit (smart card), which increased by 9.8% to X units in 2022. Over the period under review, imports posted a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 34% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, smart card imports soared to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the largest importing country with an import of around X units, which reached 37% of total imports. The United States (X units) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (8.6%) and Hong Kong SAR (6.6%). The following importers - Bangladesh (X units), France (X units), Singapore (X units), Germany (X units) and the Netherlands (X units) - together made up 13% of total imports.

From 2012 to 2022, average annual rates of growth with regard to smart card imports into China stood at +23.1%. At the same time, Bangladesh (+70.0%), Vietnam (+36.7%), the Netherlands (+27.2%), Singapore (+21.7%), the United States (+14.1%), France (+13.3%), Hong Kong SAR (+9.1%) and Germany (+3.6%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in the world, with a CAGR of +70.0% from 2012-2022. While the share of China (+19 p.p.), Vietnam (+7.2 p.p.) and Bangladesh (+4 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Germany (-3.9 p.p.) and Hong Kong SAR (-4.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported cards incorporating an electronic integrated circuit (smart card) worldwide, comprising 15% of global imports. The second position in the ranking was taken by China ($X), with a 5.6% share of global imports. It was followed by Germany, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +10.7%. In the other countries, the average annual rates were as follows: China (-2.4% per year) and Germany (-0.7% per year).

Import Prices by Country

The average smart card import price stood at $X per unit in 2022, growing by 6.9% against the previous year. In general, the import price, however, continues to indicate a abrupt contraction. Global import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while China (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-3.0%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of smart card consumption was South Africa, accounting for 93% of total volume.
South Africa constituted the country with the largest volume of smart card production, accounting for 93% of total volume. It was followed by China, with a 2.5% share of total production.
In value terms, China remains the largest smart card supplier worldwide, comprising 30% of global exports. The second position in the ranking was occupied by Hong Kong SAR, with a 7.7% share of global exports. It was followed by France, with a 6.3% share.
In value terms, the United States constitutes the largest market for imported cards incorporating an electronic integrated circuit smart card) worldwide, comprising 15% of global imports. The second position in the ranking was occupied by China, with a 6.6% share of global imports. It was followed by Germany, with a 5.5% share.
The average smart card export price stood at $0.2 per unit in 2021, waning by -21.3% against the previous year.
The average smart card import price stood at $0.2 per unit in 2021, waning by -5% against the previous year.

This report provides an in-depth analysis of the global smart card market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 26123000 - Smart cards

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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