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Australia Smart Card Market Size, Share, Growth, Analysis: By Communication: Contactless Smart Cards, Contact-Based Smart Cards; By Component: Memory Based, Magnetic Stripes, Microcontroller Based; By Application: ID Verification, National Security, Social Card, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Australia Smart Card Market Outlook
The Australia smart card market size reached USD 450.80 million in 2023. The market is expected to grow at a CAGR of 3.4% between 2024 and 2032, reaching USD 613.21 million by 2032.
Key Takeaways:
- According to the Australian Bureau of Statistics, health service utilisation in 2022-23 were similar to that of 2021-22, with similar percentages seeking medical specialists (37.9% vs. 38.9%) and hospital emergency department visits (15.2% vs. 14.8%), boosting smart card usage.
- According to the Australian Banking Association, Australia is home to 95 banks employing 185,778 staff members, catering to 22.9 million customers, thereby contributing to the Australia smart card market growth.
- In 2021, the domestic market recorded 1,049,831 fresh vehicle transactions, as reported by the International Trade Administration, driving the demand for driving license cards.
Hybrid smart cards are instrumental in driving the Australia smart card market, as they amalgamate advantages from both contact and contactless technologies, providing dual-tiered security for data storage and transactions
Hybrid smart cards provide heightened security with dual layers of contact and contactless technologies, versatility in applications, seamless interoperability, reduced physical wear, user convenience, dual data storage functionality, and easy integration into existing systems.
Contactless smart cards offer swift transactions, convenience, encryption-based security, hygiene advantages, durability, mobile device integration, scalability, and user-friendly tap-and-go functionality across various sectors.
NAB's groundbreaking virtual corporate credit card revolutionized Australian banking, providing an eco-friendly solution for streamlining business expenses. The NAB Virtual Corporate Card enabled organizations to instantly generate virtual cards for employees and contractors, usable across apps, online platforms, and in-store purchases, seamlessly integrating with digital wallets like Apple Pay or Google Pay.
Market Segmentation
Australia Smart Card Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Communication
- Contactless Smart Cards
- Contact-Based Smart Cards
Market Breakup by Component
- Memory Based
- Magnetic Stripes
- Microcontroller Based
Market Breakup by Application
- ID Verification
- National Security
- Social Card
- Transportation
- Others
Market Breakup by End Use
- BFSI
- Telecommunication
- Healthcare
- Government
- Transportation
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia smart card market key players are AriadCard Pty Ltd, CardServ, Placard Pty Ltd, Unicard Systems Pty Ltd and Custom Plastic Cards among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Communication |
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| Breakup by Component |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Smart Card Market Overview
8.1 Key Industry Highlights
8.2 Australia Smart Card Market Historical Market (2018-2023)
8.3 Australia Smart Card Market Forecast (2024-2032)
9 Australia Smart Card Market by Communication
9.1 Contactless Smart Cards
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Contact-Based Smart Cards
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Australia Smart Card Market by Component
10.1 Memory Based
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Magnetic Stripes
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Microcontroller Based
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Australia Smart Card Market by Application
11.1 ID Verification
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 National Security
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Social Card
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Transportation
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Australia Smart Card Market by End Use
12.1 BFSI
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Telecommunication
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Healthcare
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Government
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Transportation
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
13 Australia Smart Card Market by Region
13.1 New South Wales
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Victoria
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Queensland
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Australian Capital Territory
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Western Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 852352)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 AriadCard Pty Ltd
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 CardServ
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Placard Pty Ltd
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Unicard Systems Pty Ltd
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Custom Plastic Cards
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Home Fitness Equipment: Key Industry Highlights, 2018 and 2032
2. Australia Smart Card Market Historical Market: Breakup by Communication (USD Million), 2018-2023
3. Australia Smart Card Market Forecast: Breakup by Communication (USD Million), 2024-2032
4. Australia Smart Card Market Historical Market: Breakup by Component (USD Million), 2018-2023
5. Australia Smart Card Market Forecast: Breakup by Component (USD Million), 2024-2032
6. Australia Smart Card Market Historical Market: Breakup by Application (USD Million), 2018-2023
7. Australia Smart Card Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Australia Smart Card Market Historical Market: Breakup by End Use (USD Million), 2018-2023
9. Australia Smart Card Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. Australia Smart Card Market Historical Market: Breakup by Region (USD Million), 2018-2023
11. Australia Smart Card Market Forecast: Breakup by Region (USD Million), 2024-2032
12. Major Importing Countries by Volume
13. Major Exporting Countries by Volume
14. Major Importing Countries by Value
15. Major Exporting Countries by Value
16. Australia Smart Card Market Structure
Key Questions Answered in the Report
The market was valued at USD 450.80 million in 2023.
The market is projected to grow at a CAGR of 3.4% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 613.21 million in 2032.
The smart card market is categorised according to components, which include memory-based, magnetic stripes and microcontroller-based.
The key players are AriadCard Pty Ltd, CardServ, Placard Pty Ltd, Unicard Systems Pty Ltd and Custom Plastic Cards among others.
Based on the smart card type, the market is divided into contactless smart cards and contact-based smart cards.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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