| Product Code: ETC7379119 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of proximity cards to Grenada in 2024 saw a significant increase in concentration, with the top exporting countries being the USA, Singapore, India, Trinidad and Tobago, and Saint Kitts and Nevis. The High Herfindahl-Hirschman Index (HHI) in 2023 escalated to a very high level in 2024, indicating a more concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 was -8.72%, and the growth rate from 2023 to 2024 experienced a steep decline of -20.49%. These trends suggest a challenging market environment for proximity card imports in Grenada.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Proximity Cards Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Proximity Cards Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Proximity Cards Market - Industry Life Cycle |
3.4 Grenada Proximity Cards Market - Porter's Five Forces |
3.5 Grenada Proximity Cards Market Revenues & Volume Share, By Frequency, 2021 & 2031F |
3.6 Grenada Proximity Cards Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Grenada Proximity Cards Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Proximity Cards Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Proximity Cards Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increased focus on security measures in various industries |
4.2.2 Growing demand for contactless payment solutions |
4.2.3 Technological advancements in RFID technology |
4.3 Market Restraints |
4.3.1 High initial investment costs for implementing proximity card systems |
4.3.2 Concerns about data security and privacy issues |
4.3.3 Limited awareness and understanding of proximity card technology among end-users |
5 Grenada Proximity Cards Market Trends |
6 Grenada Proximity Cards Market, By Types |
6.1 Grenada Proximity Cards Market, By Frequency |
6.1.1 Overview and Analysis |
6.1.2 Grenada Proximity Cards Market Revenues & Volume, By Frequency, 2021- 2031F |
6.1.3 Grenada Proximity Cards Market Revenues & Volume, By Low Frequency Cards, 2021- 2031F |
6.1.4 Grenada Proximity Cards Market Revenues & Volume, By High Frequency Cards, 2021- 2031F |
6.1.5 Grenada Proximity Cards Market Revenues & Volume, By Ultra- High Frequency Cards, 2021- 2031F |
6.2 Grenada Proximity Cards Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Proximity Cards Market Revenues & Volume, By Smartcard Integrated Circuits, 2021- 2031F |
6.2.3 Grenada Proximity Cards Market Revenues & Volume, By Memory Smart Cards, 2021- 2031F |
6.2.4 Grenada Proximity Cards Market Revenues & Volume, By Microprocessor Smart Card, 2021- 2031F |
6.3 Grenada Proximity Cards Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Proximity Cards Market Revenues & Volume, By Hotel Buildings, 2021- 2031F |
6.3.3 Grenada Proximity Cards Market Revenues & Volume, By Office Building, 2021- 2031F |
6.3.4 Grenada Proximity Cards Market Revenues & Volume, By Government Building, 2021- 2031F |
6.4 Grenada Proximity Cards Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Grenada Proximity Cards Market Revenues & Volume, By Transportation, 2021- 2031F |
6.4.3 Grenada Proximity Cards Market Revenues & Volume, By Banking, 2021- 2031F |
6.4.4 Grenada Proximity Cards Market Revenues & Volume, By Retail and Loyalty, 2021- 2031F |
6.4.5 Grenada Proximity Cards Market Revenues & Volume, By Entertainment, 2021- 2031F |
6.4.6 Grenada Proximity Cards Market Revenues & Volume, By Government, 2021- 2031F |
6.4.7 Grenada Proximity Cards Market Revenues & Volume, By Energy and Utility, 2021- 2031F |
7 Grenada Proximity Cards Market Import-Export Trade Statistics |
7.1 Grenada Proximity Cards Market Export to Major Countries |
7.2 Grenada Proximity Cards Market Imports from Major Countries |
8 Grenada Proximity Cards Market Key Performance Indicators |
8.1 Percentage increase in the adoption of contactless payment solutions in target industries |
8.2 Number of new partnerships or collaborations with key players in the proximity card market |
8.3 Rate of technological advancements and innovations in RFID technology applied to proximity cards |
9 Grenada Proximity Cards Market - Opportunity Assessment |
9.1 Grenada Proximity Cards Market Opportunity Assessment, By Frequency, 2021 & 2031F |
9.2 Grenada Proximity Cards Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Grenada Proximity Cards Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Proximity Cards Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Proximity Cards Market - Competitive Landscape |
10.1 Grenada Proximity Cards Market Revenue Share, By Companies, 2024 |
10.2 Grenada Proximity Cards Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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