Persistence Market Research is released new forthcoming report on title "Powered Smart Card Market: Global Industry analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 12/09/2014 -- Smart cards are small sized cards embedded with a chip which can receive, transmit and process the required information as and when required by the end-user. Power for the embedded chip within the smart card comes from external reader through induction. Smart cards are made of plastic such as polyvinyl chloride. Other material used for the manufacturing of smart cards are polyethylene terephthalate based polyesters, acrylonitrile butadiene styrene or polycarbonate.
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Smart cards are used to perform functions such as identification, authentication, data storage and application processing within certain restricted area. Smart cards are also useful in providing security authentication within large organizations. Recently, powered smart cards have gain importance in the market owing to its wide range of function and advantages over normal smart cards. In case of powered smart cards power for the embedded chip comes from onboard thin-film or printable battery attached with the smart card. Addition of battery power to the smart cards is added advantage of powered smart card which makes it easier to manufacture. Added onboard power on the powered smart card enables the card manufacturing companies to integrate information display medium with the smart card. Printable battery or thin-film batteries are majorly applied with the smart powered smart cards. Printable battery embedded powered smart cards are expected to dominate the market in the forecasted period. Display technology used in the powered smart cards includes liquid crystal displays (LCDs), light emitting diode (LED) display, electrophoretic display (EPDs) or electochromic display.
On the bases of authentication, the global powered smart card market can be bifurcated into one-time password (OTP) cards, gift and customer loyalty cards, identification cards or medical information cards. Recently powered smart cards have gained its importance in the field of healthcare and commercial sectors. Other end-users of powered smart cards may include educational institutes, governments and private sectors, airports and other restricted areas.
North America has the largest market share for powered smart card, followed by Europe and Asia Pacific. The U.S. is the largest market for powered smart cards owing to advancements in the end-user industries in the region. North America is expected maintain its dominance in the forecasted period, Europe is expected to show marginal growth. However, Asia Pacific region is expected to witness highest growth in the coming future.
Advancement in the technology paired with added feature of powered smart cards over normal smart cards is driving the global powered smart cards market. Also, with rising urban population, demand for better security is expected to increase. Additionally, investment in the betterment of infrastructure facilities is further expected to demand better security equipments, providing ample growth opportunities for the global powered smart cards. For infrastructure development, the U.K government's public sector investment is expected to rise by USD 4.9 billion to about USD 77.7 billion in 2013-14 over 2012-13. It is further expected to increase to about USD 83.0 billion in 2014-15. In 2014, Abu Dhabi Government approved an investment of USD 10.2 billion to enhance the infrastructure and economic growth of the nation.
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Increasing demand for better security equipments by the end-user industries is providing ample growth opportunity for the smart card manufacturing companies to invest more in innovative powered smart cards market. Some of the major companies operating in the global powered smart card market are CardLogix Corporation, Gemalto NV, Inteligensa, Morpho, Giesecke & Devrient GmbH, SmartDisplayer Technology and Oberthur Technologies.
Key points covered in the report:
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.
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