Europe Smart Card Market (2021-2027) | Size, Analysis, Revenue, Forecast, Trends Value, Growth, Segmentation & COVID-19 IMPACT

Latest 2023 Development of the Europe Smart Card Market

The Europe smart card market is witnessing contactless payments in recent years. The adoption of contactless payments using smart cards has been increasing in Europe, especially during the COVID-19 pandemic. In some countries, such as the UK, the contactless limit has been increased to encourage the use of contactless payments. With more consumers using contactless cards for small-value transactions. This trend has been driven by the convenience and speed of contactless payment, as well as the widespread adoption of NFC-enabled mobile devices. Along with contactless payments, mobile payments using smart cards have also been gaining popularity in Europe. This allows users to make payments using their smartphones, which are linked to their smart cards. Additionally, smart card manufacturers are now focusing on reducing the environmental impact of their products. This includes using eco-friendly materials and developing smart cards that can be recycled or reused. Moreover, smart cards are also being used for secure identification and authentication purposes, such as in e-government services, banking, and healthcare. The European Union has introduced regulations such as the General Data Protection Regulation (GDPR) that require stronger authentication mechanisms, which is expected to boost the adoption of smart cards.

The Europe smart card industry is experiencing a shift towards multi-application smart cards. Smart cards are increasingly being used for multiple applications, such as payment, identification, and access control. This allows for greater convenience and efficiency for consumers, as well as cost savings for businesses. Moreover, the need for better security features in smart cards has been growing, especially with the increase in online transactions. This has led to the development of smart cards with advanced security features, such as biometric authentication and encryption. Additionally, the increasing adoption of smart transportation systems is also gaining popularity. Smart cards are also being used in transportation systems across Europe, such as for payment of tolls, parking fees, and public transportation fares. This trend is expected to continue as cities look for ways to reduce congestion and improve mobility.

Europe Smart Card Market Synopsis

Europe Smart Card Market is the largest and key growth region for the smart card market. The factors driving the growth of the smart card market are the enhancements of IoT and automation technologies, increasing use in mobile phones, ongoing technological advancements, and growing adoption in the banking and financial sector, which is anticipated to be a growth proliferator for the product market in the coming time zone. Moreover, the increasing emphasis on digital transactions across different industries is anticipated to open new growth avenues for the smart card market. Additionally, due to the high safety and reliability of data offered by smart cards, many organizations are adopting smart card technology. This technology assists in securing a person’s belonging and identity, which is expected to boost the growth of the smart card market. The conversion of conventional debit and credit cards into smart cards has made payment options and financial transactions easier and more convenient for users. The extensive use of smart cards in SIM cards in the telecommunication sector is some other factors that are propelling the growth of the global smart card market. The COVID-19 pandemic severely impacted the electronics sector as the production facility has hindered it, which, in turn, created significant product demand in industries. This resulted in large-scale manufacturing interruption across Europe. Which hindered the smart card market growth. However, World Health Organization and government administrations are advising citizens to obey the social distancing norms to contain the spread of the virus. There is a rise in demand for contactless payments. The contactless payment is carried out at a safe distance, assuring both payee and payer a secure payment process. 

According to 6Wresearch, the Europe Smart Card Market size is anticipated to register growth during 2021-2027. Germany has the largest smart card market due to rapid digitalization, a surge in cashless transactions, and a rise in demand from the healthcare sector. Furthermore, people belonging to the high-income group highly prefer smart cards as they are reluctant to take the burden of carrying cash. This will contribute to the rising growth of the European smart card market. Moreover, UK and France are leading the smart card growth in Europe in the transportation, retail, government, BFSI, and healthcare sectors. The transport market players are focusing on including advanced features in the technology to make customers’ journeys easier. For instance, in September 2019, the South Western Railway, UK announced the launch of Tap2Go account-based smart card ticketing, which can also be used outside London. The cards help calculate the best fare and allow customers to store other tickets such as season tickets on their cards. Additionally, in May-2020, HID Global added a new feature to its product line. Some of the key players in the European smart card market are Gemalto N.V. Giesecke & Devrient GmbH, IDEMIA France SAS, Infineon Technologies AG, NXP Semiconductors N.V., HID Global Corporation, STMicroelectronics NV, Versasec AB, Ingenico Group SA, Etc.

The Europe Smart Card market is segmented based on product type, interface, functionality, vertical, and countries. Based on product type, the market is segmented into MPU Microprocessor and Memory Card. The MPU Microprocessor market dominated in product type market. By interface, the market is divided into Contactless, Contact, and Dual Interface. The contactless segment has more demand in the market. Depending on functionality, the market is categorized into Communication, Transaction, and Security. The ongoing pandemic is offering a push to the increasing trend of digitalization in business and private communication with cellular technology combined with the standardization of digital conferences. Based on Vertical, the market is split into Telecommunications, BFSI, Government & Healthcare, Transportation, Retail, Education, and Others. The telecommunication segment accounted for the maximum share in 2020, followed by payment and banking and then government and healthcare, and so on. Whereas, based on countries, the market is segmented into Germany, the UK, France, Russia, Spain, Italy, and the rest of Europe.

The Europe Smart Card market report thoroughly covers the market by product type, interface, functionality, vertical, and countries including the UK, Germany, and France along with other key countries. The Europe Smart Card market outlook report provides an unbiased and detailed analysis of the ongoing Europe Smart Card market trends, opportunity/high growth areas, and the market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report

• Europe Smart Card Market Outlook
• Market Size of Europe Smart Card Market, 2020
• Forecast of Europe Smart Card Market, 2027
• Historical Data and Forecast of Europe Smart Card Revenues & Volume for the Period 2017 - 2027
• Europe Smart Card Market Trend Evolution
• Europe Smart Card Market Drivers and Challenges
• Europe Smart Card Price Trends
• Europe Smart Card Porter's Five Forces
• Europe Smart Card Industry Life Cycle
• Historical Data and Forecast of Europe Smart Card Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of Europe Smart Card Market Revenues & Volume By Contact Cards for the Period 2017 - 2027
• Historical Data and Forecast of Europe Smart Card Market Revenues & Volume By Contactless cards for the Period 2017 - 2027
• Historical Data and Forecast of Europe Smart Card Market Revenues & Volume By Multi-component cards for the Period 2017 - 2027
• Historical Data and Forecast of Germany Smart Card Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of Germany Smart Card Market Revenues & Volume By Contact Cards for the Period 2017 - 2027
• Historical Data and Forecast of Germany Smart Card Market Revenues & Volume By Contactless cards for the Period 2017 - 2027
• Historical Data and Forecast of Germany Smart Card Market Revenues & Volume By Multi-component cards for the Period 2017 - 2027
• Historical Data and Forecast of the United Kingdom Smart Card Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of United Kingdom Smart Card Market Revenues & Volume By Contact Cards for the Period 2017 - 2027
• Historical Data and Forecast of United Kingdom Smart Card Market Revenues & Volume By Contactless cards for the Period 2017 - 2027
• Historical Data and Forecast of the United Kingdom Smart Card Market Revenues & Volume By Multi-component cards for the Period 2017 - 2027
• Historical Data and Forecast of France Smart Card Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of France Smart Card Market Revenues & Volume By Contact Cards for the Period 2017 - 2027
• Historical Data and Forecast of France Smart Card Market Revenues & Volume By Contactless cards for the Period 2017 - 2027
• Historical Data and Forecast of France Smart Card Market Revenues & Volume By Multi-component cards for the Period 2017 - 2027
• Historical Data and Forecast of Italy Smart Card Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of Italy Smart Card Market Revenues & Volume By Contact Cards for the Period 2017 - 2027
• Historical Data and Forecast of Italy Smart Card Market Revenues & Volume By Contactless cards for the Period 2017 - 2027
• Historical Data and Forecast of Italy Smart Card Market Revenues & Volume By Multi-component cards for the Period 2017 - 2027
• Historical Data and Forecast of Russia Smart Card Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of Russia Smart Card Market Revenues & Volume By Contact Cards for the Period 2017 - 2027
• Historical Data and Forecast of Russia Smart Card Market Revenues & Volume By Contactless cards for the Period 2017 - 2027
• Historical Data and Forecast of Russia Smart Card Market Revenues & Volume By Multi-component cards for the Period 2017 - 2027
• Historical Data and Forecast of Spain Smart Card Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of Spain Smart Card Market Revenues & Volume By Contact Cards for the Period 2017 - 2027
• Historical Data and Forecast of Spain Smart Card Market Revenues & Volume By Contactless cards for the Period 2017 - 2027
• Historical Data and Forecast of Spain Smart Card Market Revenues & Volume By Multi-component cards for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe Smart Card Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe Smart Card Market Revenues & Volume By Contact Cards for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe Smart Card Market Revenues & Volume By Contactless cards for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe Smart Card Market Revenues & Volume By Multi-component cards for the Period 2017 - 2027
• Historical Data and Forecast of Europe Smart Card Market Revenues & Volume By Component for the Period 2017 - 2027
• Historical Data and Forecast of Europe Smart Card Market Revenues & Volume By Memory-based for the Period 2017 - 2027
• Historical Data and Forecast of Europe Smart Card Market Revenues & Volume By Microcontroller-based for the Period 2017 - 2027
• Historical Data and Forecast of Germany Smart Card Market Revenues & Volume By Component for the Period 2017 - 2027
• Historical Data and Forecast of Germany Smart Card Market Revenues & Volume By Memory-based for the Period 2017 - 2027
• Historical Data and Forecast of Germany Smart Card Market Revenues & Volume By Microcontroller-based for the Period 2017 - 2027
• Historical Data and Forecast of the United Kingdom Smart Card Market Revenues & Volume By Component for the Period 2017 - 2027
• Historical Data and Forecast of United Kingdom Smart Card Market Revenues & Volume By Memory-based for the Period 2017 - 2027
• Historical Data and Forecast of United Kingdom Smart Card Market Revenues & Volume By Microcontroller-based for the Period 2017 - 2027
• Historical Data and Forecast of France Smart Card Market Revenues & Volume By Component for the Period 2017 - 2027
• Historical Data and Forecast of France Smart Card Market Revenues & Volume By Memory-based for the Period 2017 - 2027
• Historical Data and Forecast of France Smart Card Market Revenues & Volume By Microcontroller-based for the Period 2017 - 2027
• Historical Data and Forecast of Italy Smart Card Market Revenues & Volume By Component for the Period 2017 - 2027
• Historical Data and Forecast of Italy Smart Card Market Revenues & Volume By Memory-based for the Period 2017 - 2027
• Historical Data and Forecast of Italy Smart Card Market Revenues & Volume By Microcontroller-based for the Period 2017 - 2027
• Historical Data and Forecast of Russia Smart Card Market Revenues & Volume By Component for the Period 2017 - 2027
• Historical Data and Forecast of Russia Smart Card Market Revenues & Volume By Memory-based for the Period 2017 - 2027
• Historical Data and Forecast of Russia Smart Card Market Revenues & Volume By Microcontroller-based for the Period 2017 - 2027
• Historical Data and Forecast of Spain Smart Card Market Revenues & Volume By Component for the Period 2017 - 2027
• Historical Data and Forecast of Spain Smart Card Market Revenues & Volume By Memory-based for the Period 2017 - 2027
• Historical Data and Forecast of Spain Smart Card Market Revenues & Volume By Microcontroller-based for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe Smart Card Market Revenues & Volume By Component for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe Smart Card Market Revenues & Volume By Memory-based for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe Smart Card Market Revenues & Volume By Microcontroller-based for the Period 2017 - 2027
• Historical Data and Forecast of Europe Smart Card Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Europe Smart Card Market Revenues & Volume By BFSI for the Period 2017 - 2027
• Historical Data and Forecast of Europe Smart Card Market Revenues & Volume By Government for the Period 2017 - 2027
• Historical Data and Forecast of Europe Smart Card Market Revenues & Volume By Telecommunication for the Period 2017 - 2027
• Historical Data and Forecast of Europe Smart Card Market Revenues & Volume By Retail for the Period 2017 - 2027
• Historical Data and Forecast of Europe Smart Card Market Revenues & Volume By Healthcare for the Period 2017 - 2027
• Historical Data and Forecast of Europe Smart Card Market Revenues & Volume By Hospitality for the Period 2017 - 2027
• Historical Data and Forecast of Europe Smart Card Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Germany Smart Card Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Germany Smart Card Market Revenues & Volume By BFSI for the Period 2017 - 2027
• Historical Data and Forecast of Germany Smart Card Market Revenues & Volume By Government for the Period 2017 - 2027
• Historical Data and Forecast of Germany Smart Card Market Revenues & Volume By Telecommunication for the Period 2017 - 2027
• Historical Data and Forecast of Germany Smart Card Market Revenues & Volume By Retail for the Period 2017 - 2027
• Historical Data and Forecast of Germany Smart Card Market Revenues & Volume By Healthcare for the Period 2017 - 2027
• Historical Data and Forecast of Germany Smart Card Market Revenues & Volume By Hospitality for the Period 2017 - 2027
• Historical Data and Forecast of Germany Smart Card Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of the United Kingdom Smart Card Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of the United Kingdom Smart Card Market Revenues & Volume By BFSI for the Period 2017 - 2027
• Historical Data and Forecast of the United Kingdom Smart Card Market Revenues & Volume By Government for the Period 2017 - 2027
• Historical Data and Forecast of the United Kingdom Smart Card Market Revenues & Volume By Telecommunication for the Period 2017 - 2027
• Historical Data and Forecast of the United Kingdom Smart Card Market Revenues & Volume By Retail for the Period 2017 - 2027
• Historical Data and Forecast of the United Kingdom Smart Card Market Revenues & Volume By Healthcare for the Period 2017 - 2027
• Historical Data and Forecast of the United Kingdom Smart Card Market Revenues & Volume By Hospitality for the Period 2017 - 2027
• Historical Data and Forecast of United Kingdom Smart Card Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of France Smart Card Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of France Smart Card Market Revenues & Volume By BFSI for the Period 2017 - 2027
• Historical Data and Forecast of France Smart Card Market Revenues & Volume By Government for the Period 2017 - 2027
• Historical Data and Forecast of France Smart Card Market Revenues & Volume By Telecommunication for the Period 2017 - 2027
• Historical Data and Forecast of France Smart Card Market Revenues & Volume By Retail for the Period 2017 - 2027
• Historical Data and Forecast of France Smart Card Market Revenues & Volume By Healthcare for the Period 2017 - 2027
• Historical Data and Forecast of France Smart Card Market Revenues & Volume By Hospitality for the Period 2017 - 2027
• Historical Data and Forecast of France Smart Card Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Italy Smart Card Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Italy Smart Card Market Revenues & Volume By BFSI for the Period 2017 - 2027
• Historical Data and Forecast of Italy Smart Card Market Revenues & Volume By Government for the Period 2017 - 2027
• Historical Data and Forecast of Italy Smart Card Market Revenues & Volume By Telecommunication for the Period 2017 - 2027
• Historical Data and Forecast of Italy Smart Card Market Revenues & Volume By Retail for the Period 2017 - 2027
• Historical Data and Forecast of Italy Smart Card Market Revenues & Volume By Healthcare for the Period 2017 - 2027
• Historical Data and Forecast of Italy Smart Card Market Revenues & Volume By Hospitality for the Period 2017 - 2027
• Historical Data and Forecast of Italy Smart Card Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Russia Smart Card Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Russia Smart Card Market Revenues & Volume By BFSI for the Period 2017 - 2027
• Historical Data and Forecast of Russia Smart Card Market Revenues & Volume By Government for the Period 2017 - 2027
• Historical Data and Forecast of Russia Smart Card Market Revenues & Volume By Telecommunication for the Period 2017 - 2027
• Historical Data and Forecast of Russia Smart Card Market Revenues & Volume By Retail for the Period 2017 - 2027
• Historical Data and Forecast of Russia Smart Card Market Revenues & Volume By Healthcare for the Period 2017 - 2027
• Historical Data and Forecast of Russia Smart Card Market Revenues & Volume By Hospitality for the Period 2017 - 2027
• Historical Data and Forecast of Russia Smart Card Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Spain Smart Card Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Spain Smart Card Market Revenues & Volume By BFSI for the Period 2017 - 2027
• Historical Data and Forecast of Spain Smart Card Market Revenues & Volume By Government for the Period 2017 - 2027
• Historical Data and Forecast of Spain Smart Card Market Revenues & Volume By Telecommunication for the Period 2017 - 2027
• Historical Data and Forecast of Spain Smart Card Market Revenues & Volume By Retail for the Period 2017 - 2027
• Historical Data and Forecast of Spain Smart Card Market Revenues & Volume By Healthcare for the Period 2017 - 2027
• Historical Data and Forecast of Spain Smart Card Market Revenues & Volume By Hospitality for the Period 2017 - 2027
• Historical Data and Forecast of Spain Smart Card Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe Smart Card Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe Smart Card Market Revenues & Volume By BFSI for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe Smart Card Market Revenues & Volume By Government for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe Smart Card Market Revenues & Volume By Telecommunication for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe Smart Card Market Revenues & Volume By Retail for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe Smart Card Market Revenues & Volume By Healthcare for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe Smart Card Market Revenues & Volume By Hospitality for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe Smart Card Market Revenues & Volume By Others for the Period 2017 - 2027
• Europe Smart Card Market - Key Performance Indicators
• Europe Smart Card Market - Import Export Trade Statistics
• Europe Smart Card Market - Opportunity Assessment By Countries
• Europe Smart Card Market - Opportunity Assessment By Types
• Europe Smart Card Market - Opportunity Assessment By Component
• Europe Smart Card Market - Opportunity Assessment By Application
• Europe Smart Card Market - Top Companies Market Share
• Europe Smart Card Market - Top Companies Profiles
• Europe Smart Card Market - Comparison of Players in Technical and Operating Parameters
• Europe Smart Card Market - Strategic Recommendations

Markets Covered

The market report covers the following market segments:

By Type

• Contact Cards
• Contactless Cards
• Multi-components Cards

By Component

• Memory-based
• Microcontroller-based

By Application

• BFSI
• Government
• Retail
• Telecommunication
• Healthcare
• Hospitality
• Others

By Countries

• Italy
• Spain
• Russia
• France
• Germany
• United Kingdom
• Rest of Europe

Europe Smart Card Market: FAQs