Latin America Smart Card Market (2021-2027) | Companies, Size, COVID-19 IMPACT, Forecast, Growth, Value, Revenue, Industry, Trends, Outlook, Analysis & Share

Latin America Smart Card Market is now emerging and developing more rapidly than other markets. Further, the increased adoption of near-field communication payments is a major trend emerging in this market. Moreover, by increasing awareness of NFC payment solutions, the demand for smart cards by the BFSI sector is increasing. Additionally, NFC-enabled mobile devices operate in card emulation mode for mobile contactless payments. Therefore, they are being widely adopted by the emerging sectors. However, the growing price is the major factor that suppresses the growth of the Smart Card Market. The cost increases with the chips. Moreover, the shortage of standardization and calibration while developing the smart cards, security and data theft concerns, and lack of awareness among the consumers are the challenges faced.

According to 6Wresearch, Latin America Smart Card Market size is anticipated to register growth during 2021-27. Mexico has the largest Smart Card Market in Latin America followed by Brazil. The top driver for the issuers and acquirers in Brazil and Mexico is to adopt smart cards to reduce payments fraud. Further, in June 2020, Watch data came into partnership with Zwipe, a biometric technology company. The outbreak of the covid-19 has acted as a massive restraint on the Smart Card Market. Whereas, the smart card business in the telecommunications and healthcare sector is comparatively less affected than other sectors. The covid-19 pandemic has negatively affected the Smart Card Market but this market is expected to get back on the recovery track post the pandemic. Consumer awareness about the benefits of tap and play cards and due to the spread of Covid-19 the use of these cards payments grew quickly. The awareness of hygiene among the peoples increased during the covid-19, which boost the smart card demand in the health sector.

Some of the key players in the Smart Card Market in Latin America are Gemalto N.V., Giesecke & Devrient GmbH, Morpho S.A., Oberthur Technologies, and Watchdata System Co. Ltd., etc.

However, the MPU microprocessor market has more demand. By Interface, the market is categorized into Contactless, Contact, and Dual Interface, in which Contactless card has demand in the market. Further, based on Functionality, the market is segmented into Communication, Transaction, and Security. Whereas on the basis of Vertical, the market is segmented into Telecommunications, BFSI, Government & Healthcare, Transportation, Retail, Education, and Others. The telecommunication sector has more demand due to the demand for smartphones. Additionally, based on countries, the market is divided into Mexico, Brazil, and the Rest of Latin America.

Latin America Smart Card Market report thoroughly covers the market by product type, interface, functionality, vertical, and countries including Mexico, Brazil, and the Rest of Latin America. Latin America Smart Card Market outlook report provides an unbiased and detailed analysis of the ongoing Latin America 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:

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

Frequently Asked Questions About the Market Study (FAQs):