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Global Dual Interface Payment Card Market

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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.

 

Global Dual Interface Payment Card Market: Overview

The global Dual Interface Payment Card Market valued at USD 1481.84 Billion in 2022 and is expected to reach a value of USD 5132.68 Billion in 2032 growing at a CAGR of 16.8%.

Attribute Key Insights
Estimated Market Value (2022) 1.48 USD Billion
Forecasted Market Value (2032) 5.1 USD Billion
CAGR % 2023-2028 16.8%`
Leading Region North America

 

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.

 

Key Trends Of Global Dual Interface Payment Card Market:

Technological Advancements:

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.

 

Segmental Analysis Of Global Dual Interface Payment Card Market:

Based On Type:

  • Plastic Type Dual Interface Payment Card
  • Metal type Dual Interface Payment Card

 

Based On Application:

  • Finance
  • Transportation
  • Government Public Utilities
  • Others

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.

 

Global Dual Interface Payment Card Market: Geographical Analysis

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.

 

Global Dual Interface Payment Card Market: Competitive Landscape

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

 

Scope Of The Report:

Global Dual Interface Payment Card Market: Base Year- 2022

Global Dual Interface Payment Card Market: Historical Year- 2019-2022

Global Dual Interface Payment Card Market: Forecast Year- 2023-2032

Global Dual Interface Payment Card Market: CAGR- 16.8%

Global Dual Interface Payment Card Market: USD Value in 2022- $1481.84 Billion

Global Dual Interface Payment Card Market: USD Value in 2032- $5132.68 Billion

 

Segments Covered- Type, Application And Region

Regions Covered:

  • North America (US, Canada, Mexico)
  • Europe (France, Italy, Germany, UK, Spain)
  • Asia-Pacific (South Korea, China, India, Japan)
  • Middle East and Africa (UAE, Saudi Arabia, South Africa)

 

ToC

“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 – 2018 to 2021

1.3.2.  Projected Data Reporting Years – 2022 to 2030

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 (2018 to 2030)

1.4.2.  Global Dual Interface Payment Card Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2018 to 2030

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

 

  1. 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

 

  1. 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

 

  1. Global Dual Interface Payment Card Market: Estimates & Historic Trend Analysis (2018 to 2021)

4.1.  Global Dual Interface Payment Card Market, 2018 – 2021 Value (US$ Million) & Volume (Million Units)

4.2.  Global Dual Interface Payment Card Market, By Type, 2018 To 2021 Value (US$ Million) & Volume (Million Units)

4.3.  Global Dual Interface Payment Card Market, By Application, 2018 To 2021 Value (US$ Million) & Volume (Million Units)

4.4.  Global Dual Interface Payment Card Market, By Region, 2018 To 2021 Value (US$ Million) & Volume (Million Units)

 

  1. 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 & 2031

5.2.  Global Dual Interface Payment Card Market Revenue Value (US$ Million) & Volume (Million Units) Estimates and Forecasts, By Type, 2022 to 2030

5.2.1.  Plastic

5.2.2.  Metal

 

  1. 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 & 2031

6.2.  Global Dual Interface Payment Card Market Revenue Value (US$ Million) & Volume (Million Units) Estimates and Forecasts, By Application, 2022 to 2030

6.2.1.  Finance

6.2.2.  Government and Public Utilities

6.2.3.  Transportation

6.2.4.  Others

 

  1. 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 & 2031

7.2.  Global Dual Interface Payment Card Market Revenue Value (US$ Million) & Volume (Million Units) Estimates and Forecasts, By Region, 2022 To 2030

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

 

  1. 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 & 2031

8.3.  North America Dual Interface Payment Card Market Size Estimates and Forecast Value (US$ Million) & Volume (Million Units) (2022 To 2030)

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

 

  1. 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 & 2031

9.3.  Europe Dual Interface Payment Card Market Size Estimates and Forecast Value (US$ Million) & Volume (Million Units) (2022 to 2030)

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)

 

  1. 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 & 2031

10.3.  Asia Pacific Dual Interface Payment Card Market Size Estimates and Forecast Value (US$ Million) & Volume (Million Units) (2022 To 2030)

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)

 

  1. 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 & 2031

11.3.  Middle East & Africa Dual Interface Payment Card Market Size Estimates and Forecast Value (US$ Million) & Volume (Million Units) (2022 To 2030)

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)

 

  1. 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 & 2031

12.3.  Latin America Dual Interface Payment Card Market Size Estimates and Forecast Value (US$ Million) & Volume (Million Units) (2022 to 2030)

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)

 

  1. 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.

 

  1. 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

 

  1. 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

 

  1. Conclusions and Recommendations

16.1.  Key Research Findings and Conclusion

16.2.  Key Insights & Recommendations from Analysts”

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