eID Card Market by Types (Radio Frequency Card, IC Card, and Others), Applications (Transportation, Contactless Bank Cards, Identification, and Others), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global eID card market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising awareness about the eID card coupled with rising disposable income. Moreover, personal data protection and secure data transaction are driving the market growth.
Electronic identification card or eID cards have embedded integrated circuits. They are usually made up of plastic. eID cards are used to exchange, store, and manipulate data. These cards are reusable, perform secure transactions, and provide enhanced security.
An electronic identification is a digital solution for proof or identity of citizens or organizations. They can be used to get access to benefits or services provided by government authorities, and banks.
Smart cards reduce traveling time and improve service efficiency. It enables government agencies and transport services to collect the travel data of commuters. Smart cards have made payment options easier and more convenient. They are used in various applications such as BFSI, government & healthcare, transportation, retail, and healthcare.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing adoption of Internet of Things (IoT) technology is one of the major drivers that is contributing to the growth of the global eID card market.
- Ongoing technological advancements in micro-embedded electronics is expected to augment the market growth in the projected timeline.
- High cost of incorporating chip cards can restraint the growth of the market.
- Hesitance of merchants to adopt the capital-intensive point of sale terminal machines can hinder the market growth.
- The outbreak of COVID-19 has negatively impacted the eID card market. However, the market is anticipated to recover soon.
- Rising adoption of digitalization of payment processes and efficient storage of personal data are expected to propel the market growth.
Scope of the Report
The report on the global eID card market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
eID Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Types (Radio Frequency Card, IC Card, and Others) and Applications (Transportation, Contactless Bank Cards, Identification, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Gemalto, Bundesdruckerei, Goznak, Giesecke & Devrient, Iris Corporation Berhad, Semlex Group, Verdios, Morpho, and IDEXPERTS. |
eID Card Market Segment Insights:
IC card segment to grow at a rapid pace
Based on types, the market is divided into radio frequency card and IC card. The IC card segment is anticipated to account a significant market share during the forecast period and is anticipated to grow at a steady rate during the forecast period. However, the radio frequency card is expected to expand at a healthy CAGR during the forecast period. Rising number of numbers of consumer opting for cashless payment is driving the segment growth.
Transportation segment to account a major market share
On the basis of applications, the market is divided into transportation, contactless bank cards, identifications, and others. The transportation segment is anticipated to account for a major share due to rising demand for solutions that provide in authentication or access to particular solutions. It is used for various applications, such as daily customers use transportation passes for weekly, monthly and even annual usage, while students, senior citizens and disabled citizens often receive free or discounted passes to city transport.
North America to hold a large market share
In terms of regions, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to account for a large market share during the forecast period. Emerging business models and rapid digitization are the key factors responsible for the rapid growth of the market in the region. However, the market in Asia Pacific is expected to register a substantial CAGR during the forecast period in the global eID card market.
2. Assumptions and Acronyms Used
3. Research Methodology
4. eID Card Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. eID Card Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. eID Card Market - Supply Chain
4.5. Global eID Card Market Forecast
4.5.1. eID Card Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. eID Card Market Size (000’ Units) and Y-o-Y Growth
4.5.3. eID Card Market Absolute $ Opportunity
5. Global eID Card Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. eID Card Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global eID Card Demand Share Forecast, 2019-2026
6. North America eID Card Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America eID Card Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America eID Card Demand Share Forecast, 2019-2026
7. Latin America eID Card Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America eID Card Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America eID Card Demand Share Forecast, 2019-2026
8. Europe eID Card Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe eID Card Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe eID Card Demand Share Forecast, 2019-2026
9. Asia Pacific eID Card Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific eID Card Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific eID Card Demand Share Forecast, 2019-2026
10. Middle East & Africa eID Card Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa eID Card Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa eID Card Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global eID Card Market: Market Share Analysis
11.2. eID Card Distributors and Customers
11.3. eID Card Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Gemalto Bundesdruckerei Goznak Giesecke & Devrient Iris Corporation Berhad Semlex Group
Segments Covered in the Report
The global eID card has been segmented on the basis of
Types
- Radio Frequency Card
- IC card
Applications
- Transportation
- Contactless Bank Cards
- Identification
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Gemalto
- Bundesdruckerei
- Goznak
- Giesecke & Devrient
- Iris Corporation Berhad
- Semlex Group
- Veridos
- Morpho
- IDEXPERTS
The major players of the market are Gemalto, Bundesdruckerei, Goznak, Giesecke & Devrient, Iris Corporation Berhad, Semlex Group, Verdios, Morpho, IDEXPERTS.
Companies are focusing on innovation, partnerships, and acquisitions to expand their market share.
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