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Indian Smart Card Market: By Application: Telecommunications, National Population Register, Public Distribution Systems, Pay TV, Loyalty Cards, Financial Services, Travel Identity, Health Care, Automated Fare Collection; Historical Market and Forecast (2015-2025); Market Dynamics; Competitive Landscape; Industry Events and Developments

Indian Smart Card Market Outlook

The Indian smart card market is expected to grow at a CAGR of 7.4% in the forecast period of 2020-2025. The smart card in the Indian market were initially dominantly found in the telecom sector, although the scenario is changing with the diversification of the product to be used in different sectors, such as credit/debit cards, public distribution, healthcare, financial inclusion, identity management, transportation, and others.

With the introduction of smart cards, the lives of people have become comfortable. People now have easier access to financial or other services. Smart cards are also replacing paper and magnetic stripe cards, along with steadily making its place in the untapped sectors. These factors are expected to drive the growth of the market in the coming years.

 

Properties and Applications

Smart cards present a secure way to process data held on the card or to act as an entrance key to data that is held remotely. They are different from simple plastic or magnetic stripe cards as they are more versatile, being able to contain more data and operate several applications.

Based on application, the market is divided into:

  • Telecommunications
  • National Population Register
  • Public Distribution Systems
  • Pay TV
  • Loyalty Cards
  • Financial Services
  • Travel Identity
  • Health Care
  • Automated Fare Collection

The financial services are further divided into credit/debit cards, financial inclusion, and PAN cards. Travel identity is further divided on the basis of type into e-passports, driving license, and registration certificates. Healthcare is further divided on the basis of type into Rashtriya Swasthya Bima Yojana, and others. Automated fare collection is segmented on the basis of metro rail projects, bus transportation, and Indian railways. The metro rail projects segment is further segmented into Delhi Metro, Kolkata Metro, Bangalore Metro, Mumbai Metro, Hyderabad Metro, Chennai Metro, and Other Metro Projects. Bus transportation is further categorised into Ahmedabad's public bus transport system, Mumbai's and Navi Mumbai's public bus transport system, Karnataka's public bus transport system, and other bus transport systems.

 

Market Analysis

The Indian smart card market is driven by the versatile application of smart cards in various sectors. Smart cards offer easier access to financial services, leading it to be increasingly adopted by the consumers. The product has rendered several services based on paper and magnetic stripe cards as obsolete. The demand for the product is further supported by the fast-paced lifestyles of metropolitan cities, which demand products that facilitate such a lifestyle. Other factors influencing the market growth include rapid urbanisation, globalisation, and growing awareness of the product.

The report gives a detailed analysis of the key players in the Indian smart cards market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds. The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

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    Market Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Indian Smart Card Market Snapshot
7    Industry Opportunities and Challenges
8    Indian Smart Card Market Analysis

    8.1    Key Industry Highlights
    8.2    Indian Smart Card Historical Market (2015-2019) 
    8.3    Indian Smart Card Market Forecast (2020-2025)
    8.4    Indian Smart Card Market by Application
        8.4.1    Telecommunications
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    National Population Register
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Public Distribution Systems
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    Pay TV
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2015-2019)
            8.4.4.3    Forecast Trend (2020-2025)
        8.4.5    Loyalty Cards
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2015-2019)
            8.4.5.3    Forecast Trend (2020-2025)
        8.4.6    Financial Services
            8.4.6.1    Credit/Debit Cards
                8.4.6.1.1    Market Share
                8.4.6.1.2    Historical Trend (2015-2019)
                8.4.6.1.3    Forecast Trend (2020-2025)
            8.4.6.2    Financial Inclusion
                8.4.6.2.1    Market Share
                8.4.6.2.2    Historical Trend (2015-2019)
                8.4.6.2.3    Forecast Trend (2020-2025)
            8.4.6.3    PAN Cards
                8.4.6.3.1    Market Share
                8.4.6.3.2    Historical Trend (2015-2019)
                8.4.6.3.3    Forecast Trend (2020-2025)
        8.4.7    Travel Identity
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2015-2019)
            8.4.7.3    Forecast Trend (2020-2025)
            8.4.7.4    Breakup by Type
                8.4.7.4.1    E-Passports
                8.4.7.4.2    Driving License
                8.4.7.4.3    Registration Certificates
        8.4.8    Health Care
            8.4.8.1    Market Share
            8.4.8.2    Historical Trend (2015-2019)
            8.4.8.3    Forecast Trend (2020-2025)
            8.4.8.4    Breakup by Type
                8.4.8.4.1    Rashtriya Swasthya Bima Yojana
                8.4.8.4.2    Others
        8.4.9    Automated Fare Collection
            8.4.9.1    Market Share
            8.4.9.2    Historical Trend (2015-2019)
            8.4.9.3    Forecast Trend (2020-2025)
            8.4.9.4    Metro Rail Projects
                8.4.9.4.1    Delhi Metro
                8.4.9.4.2    Kolkata Metro
                8.4.9.4.3    Bangalore Metro
                8.4.9.4.4    Mumbai Metro
                8.4.9.4.5    Hyderabad Metro
                8.4.9.4.6    Chennai Metro
                8.4.9.4.7    Other Metro Projects
            8.4.9.5    Bus Transportation
                8.4.9.5.1    Ahmadabad’s Public Bus Transport System
                8.4.9.5.2    Mumbai’s and Navi Mumbai’s Public Bus Transport System
                8.4.9.5.3    Karnataka’s Public Bus Transport System
                8.4.9.5.4    Other Bus Transport Systems 
            8.4.9.6    Indian Railways
9    Market Dynamics
    9.1    SWOT Analysis
        9.1.1    Strengths
        9.1.2    Weaknesses
        9.1.3    Opportunities
        9.1.4    Threats
    9.2    Porter’s Five Forces Analysis
        9.2.1    Supplier’s Power
        9.2.2    Buyers Power
        9.2.3    Threat of New Entrants
        9.2.4    Degree of Rivalry
        9.2.5    Threat of Substitutes
    9.3    EMR’s Key Indicators for Demand
    9.4    EMR’s Key Indicators for Price
10    Competitive Landscape
    10.1    Market Structure
    10.2    Key Players Market Share
    10.3    Company Profiles
        10.3.1    Company Overview
        10.3.2    Product Portfolio
        10.3.3    Demographic Reach and Achievements
        10.3.4    Financial Summary
        10.3.5    Certifications
11    Industry Events and Developments


List of Figures and Tables

1.    India: Smart Card Market: Sales Volume (in Millions), 2015-2019
2.    India: Smart Card Market: Sales Value (in Billion INR), 2015-2019
3.    India: Smart Card Market Forecast: Sales Volume (in Millions), 2020-2025
4.    India: Smart Card Market Forecast: Sales Value (in Billion INR), 2020-2025
5.    India: Smart Card Market: Cumulative Sales Volume Breakup by Application, 2020-2025
6.    India: Smart Card Market: Cumulative Sales Value Breakup by Application, 2020-2025
7.    India: Mobile Subscribers (in Millions), 2015-2019
8.    India: Telecom Sector: Smart Card Volumes (in Millions), 2015-2019
9.    India: Telecom Sector: Smart Card Values (in Million INR), 2015-2019
10.    India: Telecom Sector: Smart Card Volume Forecast (in Millions), 2020-2025
11.    India: Telecom Sector: Smart Card Value Forecast (in Million INR), 2020-2025
12.    India: Total & 18+ Population (in Millions), 2015-2020
13.    India: National Population Register Project: Smart Card Volume Forecast (in Millions), 2015-2019
14.    India: National Population Register Project: Smart Card Value Forecast (in Million INR), 2015-2019
15.    India: Ration Cards: Smart Card Volume Forecast (in Millions), 2015-2019
16.    India: Ration Cards: Smart Card Value Forecast (in Million INR), 2015-2019
17.    India: Number of Television Households, DTH Households & Cable TV Households (in Millions), 2015-2019
18.    India: Number of Television Households, DTH Households & Cable TV Households (in Millions), 2020-2025
19.    India: Pay TV Market: Smart Card Volumes (in Millions), 2015-2019
20.    India: Pay TV Market: Smart Card Values (in Million INR), 2015-2019
21.    India: Pay TV Market Forecast: Smart Card Volumes (in Millions), 2020-2025
22.    India: Pay TV Market Forecast: Smart Card Values (in Million INR), 2020-2025
23.    India: Loyalty Card Market: Total Card Volumes (in Millions), 2015-2019
24.    India: Loyalty Card Market: Smart Card Volumes (in 000’s), 2015-2019
25.    India: Loyalty Cards Market: Smart Card Values (in Million INR), 2015-2019
26.    India: Loyalty Card Market Forecast: Total Card Volumes (in Millions), 2020-2025
27.    India: Loyalty Card Market Forecast: Smart Card Volumes (in 000’s), 2020-2025
28.    India: Loyalty Cards Market: Smart Card Value Forecast (in Million INR), 2020-2025
29.    India: Credit & Debit Cards in Circulation (in Millions), 2015-2019
30.    India: Banking Services: Smart Card Volumes (in Millions), 2015-2019
31.    India: Banking Services: Smart Card Values (in Million INR), 2015-2019
32.    India: Credit & Debit Cards in Circulation (in Millions), 2015-2019
33.    India: Banking Services Forecast: Smart Card Volumes (in Millions), 2015-2019
34.    India: Banking Services Forecast: Smart Card Values (in Million INR), 2020-2025
35.    India: Microfinance Accounts (in Millions), 2015-2019
36.    India: Microfinance Accounts Forecast (in Millions), 2015-2019
37.    India: Number of MGNREGA Job Cards Issued (in Millions), 2015-2019
38.    India: Financial Inclusion: Smart Card Volumes (in Millions), 2015-2019
39.    India: Financial Inclusion: Smart Card Values (in Million INR), 2015-2019
40.    India: Financial Inclusion Forecast: Smart Card Volumes (in Millions), 2015-2019
41.    India: Financial Inclusion Forecast: Smart Card Values (in Million INR), 2015-2019
42.    India: PAN Cards Forecast: Smart Card Volumes (in Millions), 2015-2019
43.    India: PAN Cards Forecast: Smart Card Values (in Million INR), 2015-2019
44.    India: E-Passport Forecast: Smart Card Volumes (in Millions), 2015-2019
45.    India: E-Passport Forecast: Smart Card Values (in Million INR), 2015-2019
46.    India: Driving License Forecast: Smart Card Volumes (in Millions), 2020-2025
47.    India: Driving License Forecast: Smart Card Values (in Million INR), 2020-2025
48.    India: Vehicle Registration Certificates: Smart Card Volumes (in Millions), 2015-2019
49.    India: Vehicle Registration Certificates: Smart Card Values (in Million INR), 2015-2019
50.    India: Vehicle Registration Certificate Forecast: Smart Card Volumes (in Millions), 2020-2025
51.    India: Vehicle Registration Certificate Forecast: Smart Card Values (in Million INR), 2020-2025
52.    India: RSBY Project: Smart Card Volumes (in Millions), 2015-2019
53.    India: RSBY Project: Smart Card Values (in Million INR), 2015-2019
54.    India: RSBY Project Forecast: Smart Card Volumes (in Millions), 2020-2025
55.    India: RSBY Project Forecast: Smart Card Values (in Million INR), 2020-2025
56.    India: Delhi Metro: Daily Ridership (in Millions), 2015-2019
57.    India: Delhi Metro Forecast: Daily Ridership (in Millions), 2020-2025
58.    India: Delhi Metro: Smart Card Volumes (in 000’s), 2015-2019
59.    India: Delhi Metro: Smart Card Values (in Million INR), 2015-2019
60.    India: Delhi Metro Forecast: Smart Card Volumes (in 000’s), 2020-2025
61.    India: Delhi Metro Forecast: Smart Card Values (in Million INR), 2020-2025
62.    India: Kolkata Metro: Daily Ridership (in 000’s), 2015-2019
63.    India: Kolkata Metro Forecast: Daily Ridership (in 000’s), 2020-2025
64.    India: Kolkata Metro Forecast: Smart Card Volumes (in 000’s), 2015-2019
65.    India: Kolkata Metro Forecast: Smart Card Values (in Million INR), 2015-2019
66.    India: Bangalore/Namma Metro: Daily Ridership (in 000’s), 2015-2019
67.    India: Bangalore/Namma Metro Forecast: Daily Ridership (in 000’s), 2020-2025
68.    India: Bangalore Metro/Namma Metro Forecast: Smart Card Volumes (in 000’s), 2015-2019
69.    India: Bangalore Metro/Namma Metro Forecast: Smart Card Values (in Million INR), 2012- 2018
70.    India: Mumbai Metro Forecast: Daily Ridership (in 000’s), 2020-2025
71.    India: Mumbai Metro Forecast: Smart Card Volumes (in 000’s), 2020-2025
72.    India: Mumbai Metro Forecast: Smart Card Values (in Million INR), 2020-2025
73.    India: Hyderabad Metro Forecast: Daily Ridership (in 000’s), 2015-2018
74.    India: Hyderabad Metro Forecast: Smart Card Volumes (in 000’s), 2015-2018
75.    India: Hyderabad Metro Forecast: Smart Card Values (in Million INR), 2015-2018
76.    India: Chennai Metro Forecast: Daily Ridership (in 000’s), 2015-2019
77.    India: Chennai Metro Forecast: Smart Card Volumes (in 000’s), 2015-2019
78.    India: Chennai Metro Forecast: Smart Card Values (in Million INR), 2015-2019
79.    India: Ahmadabad BRTS Forecast: Daily Ridership (in 000’s), 2015-2019
80.    India: Ahmadabad BRTS Forecast: Smart Card Volumes (in 000’s), 2015-2019
81.    India: Ahmadabad BRTS Forecast: Smart Card Values (in Million INR), 2015-2019
82.    India: BEST & NMMT Forecast: Smart Card Volumes (in 000’s), 2015-2019
83.    India: BEST & NMMT Forecast: Smart Card Values (in Million INR),2015-2019
84.    India: KSRTC & BMTC Forecast: Smart Card Volumes (in 000’s), 2015-2019
85.    India: BMTC & KSRTC Forecast: Smart Card Values (in Million INR), 2015-2019
86.    Indian Railways Forecast: Smart Card Volumes (in Millions), 2015-2019
87.    Indian Railways Forecast: Smart Card Values (in Million INR), 2015-2019
88.    India: Breakup of Cash & Electronic Transactions by Volume (in %), 2019
89.    India: Smart Card Market Definition
90.    India: Executive Summary: Smart Card Market: Market Breakup by Application: Sales Volume (in Millions), 2015-2019
91.    India: Executive Summary: Smart Card Market: Market Breakup by Application: Sales Value (in Million INR), 2015-2019
92.    India: Smart Card Market: Market Breakup by Application: Sales Volume (in Millions), 2015-2019
93.    India: Smart Card Market: Market Breakup by Application: Sales Value (in INR), 2015-2019
94.    India: Smart Card Market Forecast: Market Breakup by Application: Sales Volume (in Millions), 2015-2019
95.    India: Smart Card Market Forecast: Market Breakup by Application: Sales Value (in Million INR),2015-2019
96.    India: Smart Card Market Forecast: Sales Volume Breakup by Application (in %), 2015-2019
97.    India: Smart Card Market Forecast: Sales Value Breakup by Application (in %), 2015-2019
98.    India: Number and Type of New PAN Cards Issued (in Millions), 2015-2019
99.    India: Number and Type of New Passports Issued (in Millions), 2015-2019
100.    India: Number and Type of New Driving Licenses Issued (in Millions), 2015-2019
101.    India: Number and Type of Vehicle Registration Certificates Issued (in Millions), 2015-2019
102.    India: Population as a Driver of the Smart Cards Market
103.    India: E-Governance as a Driver of the Smart Cards Market
104.    India: Modernization of Transport Systems as a Driver of the Smart Cards Market
105.    India: Smart Card Projects That Have Faced Delays & Bureaucratic Hurdles

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 7.4% between 2020 and 2025.

The major drivers of the industry, such as rapid urbanisation, globalisation, growing telecom industry, rising disposable incomes, increasing population, and growing technological advancements, are expected to aid the market growth.

The key trend guiding the growth of the market includes the rising diversification of the product.

The major applications of smart card in the Indian market are telecommunications, national population register, public distribution systems, pay TV, loyalty cards, financial services, travel identity, health care, and automated fare collection.

Analyst Review

The Indian smart card market is driven by the growing telecom industry. Aided by technological advancements, the market is expected to witness a healthy growth in the forecast period of 2020-2025, growing at a CAGR of 7.4%. 

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its applications, the market can be segmented into telecommunications, national population register, public distribution systems, pay TV, loyalty cards, financial services, travel identity, health care, and automated fare collection. 

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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