Boston, MA -- (SBWIRE) -- 07/02/2014 -- Smart cards are pocket-sized cards that are generally made of plastic and embedded with integrated circuits. They are mainly used for identification, authentication, data storage, and application processing. Smart cards are mainly of two types: contact-based and contactless. Contactless cards generally use radio-frequency induction technology for data and information transfer. The rate of data transfer can vary between 106 kbits/s to 848 kbits/s. Communication is facilitated by an antenna. These cards use inductors to capture the incident RF interrogation signal, which is rectified and used to power the card's electronics. In other words, signals are sent to the card reader, which then transfers the data and information into the system. Contactless smart cards are more user-friendly than contact-based smart cards.

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TechNavio's analysts forecast the Global Contactless Smart Card market will grow at a CAGR of 33.5 percent during the period 2013-2018

Covered in this Report

This report covers the present scenario and the growth prospects of the Global Contactless Smart Cards market for the period 2014-2018. To calculate the market size, the report considers revenue generated from sales of contactless smart cards used for government ID, payment, transit, and access control. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the Global Contactless Smart Cards market.

TechNavio's report, the Global Contactless Smart Cards Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the APAC, and the EMEA regions; it also covers the Global Contactless Smart Cards market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions

- Americas
- EMEA
- APAC

Key Vendors

- ASK SA
- Gemalto NV
- Giesecke & Devrient GmbH
- Morpho SA
- Oberthur Technologies

Other Prominent Vendors

- BioEnable Technologies Pvt. Ltd.
- CardLogix Corp.
- DataCard Corp.
- Infineon Technologies AG
- NXP Semiconductors NV
- Sony Corp.
- Watchdata System Co. Ltd.

Key Market Driver

- Need for Tamper-resistant System.
- For a full, detailed list, view our report.

Key Market Challenge

- High Initial Deployment and Replacement Costs.
- For a full, detailed list, view our report.

Key Market Trend

- Increased Adoption of Near Field Communication Payments.
- For a full, detailed list, view our report.

Key Questions Answered in this Report

- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: ASK SA, Gemalto NV, Giesecke & Devrient GmbH, Morpho SA, Oberthur Technologies, BioEnable Technologies Pvt. Ltd., CardLogix Corp., DataCard Corp., Infineon Technologies AG, NXP Semiconductors NV, Sony Corp., Watchdata System Co. Ltd.

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