Dual Interface Payment Card Market Size, Industry Analysis By Type (Plastic, And Metal), End Use (Finance, Government, Transportation, And Others) And Region (North America, Europe, Asia Pacific, Middle East And Africa, And South America) & Region - Forecasts
- PUBLISHED ON
- 2024-09-27
- NO OF PAGES
- 272
- CATEGORY
- Banking & Finance
Global Dual Interface Payment Card Market Analysis by Type, Application and Region and segments forecast till 2033
Market Overview
The global Dual Interface Payment Card Market was worth USD 1481.84 million in 2022 and is anticipated to amplify at a CAGR of 16.8% over 2023-2033, thereby accumulating USD 5132.68 million by end of the analysis timeline.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 1481.84 Million |
Market Forecast in 2033 | USD 5132.68 Million |
CAGR % 2023-2033 | 16.8% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Type, Application |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | CardLogix, CPI Card Group, DATANG, Dzcard, Eastcompeace Technology Co., Ltd., Gemalto, Giesecke+Devrient GmbH, GoldPac, HENGBAO, HID Global Corporation, IDEMIA, Infineon Technologies AG, Inteligensa, Oberthur Technologies, OT-Morpho G&D, Paragon Group Limited., Thales Group, VALID, Watchdata, Wuhan Tianyu and Others. |
A dual interface chip card is a credit or debit card with a single embedded chip that allows the card to be used in both contact and contactless transactions. The chip works in traditional physical EMV readers but also has radio technology that allows for no-contact use. Dual interface cards generally cost approximately twice as much to produce as a chip card. The demand for contactless connectivity in 2020 hastened the adoption and issuance of dual interface chip cards. Credit and debit cards have traditionally required a user to swipe the card through an electronic terminal.
This allows the terminal to read the magnetic strip on the back of the card, which contains identifying information about the account. The dual interface chip card is a type of smart card with an embedded chip that can facilitate both contact and contactless transactions (aka tap-and-pay). Equipped with a hidden antenna, a contactless card allows users to wave their card in front of a reader to pay for an item.
The global dual interface smart card market is expected to witness tremendous growth, owing to high technological advancements in the fields of semiconductors and telecommunications. Dual interface payment cards find application in industries such as telecommunication, BFSI, retail marketing, and numerous others. The advancing the semiconductor industry and focus towards innovation have given a boost to already increasing popularity of dual interface smart cards.
Contactless smart cards with enabled Wi-Fi module transaction are among the best examples of innovation with respect to these cards. Furthermore, increasing focus on digital transactions, backed by numerous offers and gifts, has also resulted in creating numerous growth opportunities for the dual interface smart card market in the recent past.
Technological advancements in the healthcare industry and increasing automation in this industry are expected to further propel market growth. The launch of Next Generation Networks (NGNs) and implementation of Internet of Thing (IoT) will aid market growth, as an aftereffect of increasing demand for numerous applications such as assets biotechnology, smart cities, smart grids, smart stadiums, and connected cars. Dual interface payment cards with embedded semiconductor chips help in the transmission of data with more security by 128 or 64 bite encryption technology, depending on the type of application and semiconductor chip used. Increasing demand for smartphones is expected to drive the expansion of the dual interface smart card market.
Impact Of Covid-19 On The Global Dual Interface Payment Card Market:
The outbreak of COVID-19 is impacting the growth of the global dual interface payment card market, as an aftereffect of nation-wide lockdowns and disrupted supply chains. Priority for essential services and goods during these period has resulted in reduced demand for consumer electronic products such as smart phones, smart watches, and other smart wearable devices.
Application Insights
The transportation segment endures the largest market portion during the forecast years. The factors that can be attributed to the growing investment in railway infrastructure development projects with investor-friendly policies are fuelling the demand for this segment.
Regional Insights
The Global Dual Interface Payment Card Market is segmented into four 4 major countries; North America, Asia- Pacific, Europe and Middle East and Africa. Asia Pacific market is estimated to show a significant growth in the market. China has been one of the pioneers in phasing out checks and introducing the contactless payments, leading to introduction of digital cards. The country has deployed smart cards in various sectors, including transportation sector.
Competitive Analysis
CardLogix, CPI Card Group, DATANG, Dzcard, Eastcompeace Technology Co., Ltd., Gemalto, Giesecke+Devrient GmbH, GoldPac, HENGBAO, HID Global Corporation, IDEMIA, Infineon Technologies AG, Inteligensa, Oberthur Technologies, OT-Morpho G&D, Paragon Group Limited., Thales Group, VALID, Watchdata, Wuhan Tianyu and Others.
Global Dual Interface Payment Card Market- Segmental Analysis
By Type:
· Plastic Type Dual Interface Payment Card
· Metal type Dual Interface Payment Card
By Applications:
· Finance
· Transportation
· Government Public Utilities
· Others
Why to buy this Report?
The report provides quantitative and qualitative aspect for Dual Interface Payment Card Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Dual Interface Payment Card Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2020-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification
1. Global Dual Interface Payment Card Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Dual Interface Payment Card Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years – 2020 to 2021
1.3.2. Projected Data Reporting Years – 2022 to 2033
1.3.3. Reporting Data Parameters – Value (US$ Million) & Volume (Million Units)
1.4. Global Dual Interface Payment Card Market Scope and Market Estimation
1.4.1. Global Dual Interface Payment Card Overall Market Size Value (US$ Million) & Volume (Million Units), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Dual Interface Payment Card Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Dual Interface Payment Card Market Segmentation
1.5.1. Types of Global Dual Interface Payment Card Market
1.5.2. Applications of Global Dual Interface Payment Card Market
1.5.3. Key Regions of Dual Interface Payment Card Market
2. Global Dual Interface Payment Card Market - Executive Summary
2.1. Global Dual Interface Payment Card Market – Summary & Snapshot
2.2. Global Dual Interface Payment Card Market, By Type Value (US$ Million) & Volume (Million Units)
2.3. Global Dual Interface Payment Card Market, By Application Value (US$ Million) & Volume (Million Units)
2.4. Global Dual Interface Payment Card Market, By Geography Value (US$ Million) & Volume (Million Units)
2.5. Global Dual Interface Payment Card Market Outlook & Future Opportunities
3. Dual Interface Payment Card Market Trends, Outlook, and Factors Analysis
3.1. Global Dual Interface Payment Card Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Dual Interface Payment Card Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Dual Interface Payment Card Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Biometric-based dual interface payment cards are increasingly being requested by banks.
3.2.1.2. Growing consumer preference due to ease of use and convenience.
3.2.1.3. Government initiatives to promote digital mode in several developing countries
3.2.1.4. Driver 4
3.2.1.5. Driver 5
3.2.1.6. Driver 6
3.2.2. Restraints
3.2.2.1. Technical limitations and security concerns are major obstructing factors.
3.2.2.2. High cost of chip incorporation into the card
3.2.2.3. Restrain 3
3.2.3. Opportunities
3.2.3.1. Surge in the demand for contact less card to avoid physical contact during covid-19.
3.2.3.2. Technological advancement such as development of blockchain technologies and IoT technologies
3.2.3.3. Penetration of advanced sim technologies such as LTE, 5G, M2M, etc.
3.2.3.4. Opportunity 4
3.2.3.5. Opportunity 5
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porter’s Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Dual Interface Payment Card Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Dual Interface Payment Card Market
3.9.1. By Type
3.9.2. By Application
3.9.3. By Regions
4. Global Dual Interface Payment Card Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Dual Interface Payment Card Market, 2020 – 2021 Value (US$ Million) & Volume (Million Units)
4.2. Global Dual Interface Payment Card Market, By Type, 2020 To 2021 Value (US$ Million) & Volume (Million Units)
4.3. Global Dual Interface Payment Card Market, By Application, 2020 To 2021 Value (US$ Million) & Volume (Million Units)
4.4. Global Dual Interface Payment Card Market, By Region, 2020 To 2021 Value (US$ Million) & Volume (Million Units)
5. Global Dual Interface Payment Card Market Estimates & Forecast Trend Analysis, By Type
5.1. Global Dual Interface Payment Card Market Share (%) Estimates and Forecasts, By Type, 2022 & 2033
5.2. Global Dual Interface Payment Card Market Revenue Value (US$ Million) & Volume (Million Units) Estimates and Forecasts, By Type, 2022 to 2033
5.2.1. Plastic
5.2.2. Metal
6. Global Dual Interface Payment Card Market Estimates & Forecast Trend Analysis, By Application
6.1. Global Dual Interface Payment Card Market Share (%) Estimates and Forecasts, By Application, 2022 & 2033
6.2. Global Dual Interface Payment Card Market Revenue Value (US$ Million) & Volume (Million Units) Estimates and Forecasts, By Application, 2022 to 2033
6.2.1. Finance
6.2.2. Government and Public Utilities
6.2.3. Transportation
6.2.4. Others
7. Global Dual Interface Payment Card Market Analysis and Forecast, by Region
7.1. Global Dual Interface Payment Card Market Share (%) Estimates and Forecasts, By Region, 2022 & 2033
7.2. Global Dual Interface Payment Card Market Revenue Value (US$ Million) & Volume (Million Units) Estimates and Forecasts, By Region, 2022 To 2033
7.2.1. North America
7.2.2. Europe
7.2.3. Asia Pacific
7.2.4. Middle East and Africa
7.2.5. Latin America
8. North America Dual Interface Payment Card Market: Estimates & Forecast Trend Analysis
8.1. North America Dual Interface Payment Card Market Assessments & Key Findings
8.2. North America Dual Interface Payment Card Market Share (%) Estimates and Forecasts, 2022 & 2033
8.3. North America Dual Interface Payment Card Market Size Estimates and Forecast Value (US$ Million) & Volume (Million Units) (2022 To 2033)
8.3.1. By Type
8.3.2. By Application
8.3.3. By Major Country
8.3.3.1. The U.S.
8.3.3.2. Canada
9. Europe Dual Interface Payment Card Market: Estimates & Forecast Trend Analysis
9.1. Europe Dual Interface Payment Card Market Assessments & Key Findings
9.2. Europe Dual Interface Payment Card Market Share (%) Estimates and Forecasts, 2022 & 2033
9.3. Europe Dual Interface Payment Card Market Size Estimates and Forecast Value (US$ Million) & Volume (Million Units) (2022 to 2033)
9.3.1. By Type
9.3.2. By Application
9.3.3. By Major Country
9.3.3.1. Germany
9.3.3.2. The U.K.
9.3.3.3. France
9.3.3.4. Italy
9.3.3.5. Spain
9.3.3.6. Rest of Europe (includes all other European countries)
10. Asia Pacific Dual Interface Payment Card Market: Estimates & Forecast Trend Analysis
10.1. Asia Pacific Dual Interface Payment Card Market Assessments & Key Findings
10.2. Asia Pacific Dual Interface Payment Card Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. Asia Pacific Dual Interface Payment Card Market Size Estimates and Forecast Value (US$ Million) & Volume (Million Units) (2022 To 2033)
10.3.1. By Type
10.3.2. By Application
10.3.3. By Major Country
10.3.3.1. China
10.3.3.2. Japan
10.3.3.3. India
10.3.3.4. ASEAN
10.3.3.5. South Korea
10.3.3.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
11. Middle East & Africa Dual Interface Payment Card Market: Estimates & Forecast Trend Analysis
11.1. Middle East & Africa Dual Interface Payment Card Market Assessments & Key Findings
11.2. Middle East & Africa Dual Interface Payment Card Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Middle East & Africa Dual Interface Payment Card Market Size Estimates and Forecast Value (US$ Million) & Volume (Million Units) (2022 To 2033)
11.3.1. By Type
11.3.2. By Application
11.3.3. By Major Country
11.3.3.1. GCC
11.3.3.2. South Africa
11.3.3.3. Egypt
11.3.3.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
12. Latin America Dual Interface Payment Card Market: Estimates & Forecast Trend Analysis
12.1. Latin America Market Assessments & Key Findings
12.2. Latin America Dual Interface Payment Card Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Latin America Dual Interface Payment Card Market Size Estimates and Forecast Value (US$ Million) & Volume (Million Units) (2022 to 2033)
12.3.1. By Type
12.3.2. By Application
12.3.3. By Major Country
12.3.3.1. Brazil
12.3.3.2. Mexico
12.3.3.3. Rest of Latin America (includes all other Latin America countries)
13. Competitive Landscape
13.1. Dual Interface Payment Card Market Revenue Share Analysis (%), By Major Players (2021)
13.2. Dual Interface Payment Card Market Competition Matrix, By Leading Players
13.3. Dual Interface Payment Card List of Emerging, Prominent & Leading Players
13.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, Etc.
14. Company Profiles
14.1. ABCorp
14.1.1. Company Overview & Insights
14.1.2. Financial
14.1.3. Product / Service Portfolio
14.1.4. Geographical Footprint & Share
14.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
14.2. CardLogix
14.3. CPI Card Group
14.4. DATANG
14.5. Dzcard
14.6. Eastcompeace Technology Co., Ltd.
14.7. Gemalto
14.8. Giesecke+Devrient GmbH
14.9. GoldPac
14.10. HENGBAO
14.11. HID Global Corporation
14.12. IDEMIA
14.13. Infineon Technologies AG
14.14. Inteligensa
14.15. Oberthur Technologies
14.16. OT-Morpho G&D
14.17. Paragon Group Limited.
14.18. Thales Group
14.19. VALID
14.20. Watchdata
14.21. Wuhan Tianyu
14.22. Others
15. Assumptions and Research Methodology
15.1. Data Mining
15.2. Secondary Research
15.3. Primary Research
15.4. Subject Matter Expert Advice
15.5. Quality Check
15.6. Final Review
15.7. Data Triangulation
15.8. Bottom-Up Approach
15.9. Top Down Approach
15.10. Research Flow
15.11. Key Insights from Industry Experts
15.12. Data Sources
15.13. Assumptions
15.14. Limitations
16. Conclusions and Recommendations
16.1. Key Research Findings and Conclusion
16.2. Key Insights & Recommendations from Analysts
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