Reports
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 (2018-2028); 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 2023-2028. 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.
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Market Segmentation
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 market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application |
| Breakup by Application | Telecommunications, National Population Register, Public Distribution Systems, Pay TV, Loyalty Cards, Financial Services, Travel Identity, Health Care, Automated Fare Collection |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 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 Opportunities and Challenges in the Market
8 Indian Smart Card Market Analysis
8.1 Key Industry Highlights
8.2 Indian Smart Card Historical Market (2018-2022)
8.3 Indian Smart Card Market Forecast (2023-2028)
8.4 Indian Smart Card Market by Application
8.4.1 Telecommunications
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 National Population Register
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Public Distribution Systems
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Pay TV
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Loyalty Cards
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.4.6.1.3 Forecast Trend (2023-2028)
8.4.6.2 Financial Inclusion
8.4.6.2.1 Market Share
8.4.6.2.2 Historical Trend (2018-2022)
8.4.6.2.3 Forecast Trend (2023-2028)
8.4.6.3 PAN Cards
8.4.6.3.1 Market Share
8.4.6.3.2 Historical Trend (2018-2022)
8.4.6.3.3 Forecast Trend (2023-2028)
8.4.7 Travel Identity
8.4.7.1 Market Share
8.4.7.2 Historical Trend (2018-2022)
8.4.7.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.4.8.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.4.9.3 Forecast Trend (2023-2028)
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 Key Indicators for Demand
9.4 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 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India: Smart Card Market: Sales Volume (in Millions), 2018-2022
2. India: Smart Card Market: Sales Value (in Billion INR), 2018-2022
3. India: Smart Card Market Forecast: Sales Volume (in Millions), 2023-2028
4. India: Smart Card Market Forecast: Sales Value (in Billion INR), 2023-2028
5. India: Smart Card Market: Cumulative Sales Volume Breakup by Application, 2023-2028
6. India: Smart Card Market: Cumulative Sales Value Breakup by Application, 2023-2028
7. India: Mobile Subscribers (in Millions), 2018-2022
8. India: Telecom Sector: Smart Card Volumes (in Millions), 2018-2022
9. India: Telecom Sector: Smart Card Values (in Million INR), 2018-2022
10. India: Telecom Sector: Smart Card Volume Forecast (in Millions), 2023-2028
11. India: Telecom Sector: Smart Card Value Forecast (in Million INR), 2023-2028
12. India: Total & 18+ Population (in Millions), 2016-2021
13. India: National Population Register Project: Smart Card Volume Forecast (in Millions), 2018-2022
14. India: National Population Register Project: Smart Card Value Forecast (in Million INR), 2018-2022
15. India: Ration Cards: Smart Card Volume Forecast (in Millions), 2018-2022
16. India: Ration Cards: Smart Card Value Forecast (in Million INR), 2018-2022
17. India: Number of Television Households, DTH Households & Cable TV Households (in Millions), 2018-2022
18. India: Number of Television Households, DTH Households & Cable TV Households (in Millions), 2023-2028
19. India: Pay TV Market: Smart Card Volumes (in Millions), 2018-2022
20. India: Pay TV Market: Smart Card Values (in Million INR), 2018-2022
21. India: Pay TV Market Forecast: Smart Card Volumes (in Millions), 2023-2028
22. India: Pay TV Market Forecast: Smart Card Values (in Million INR), 2023-2028
23. India: Loyalty Card Market: Total Card Volumes (in Millions), 2018-2022
24. India: Loyalty Card Market: Smart Card Volumes (in 000’s), 2018-2022
25. India: Loyalty Cards Market: Smart Card Values (in Million INR), 2018-2022
26. India: Loyalty Card Market Forecast: Total Card Volumes (in Millions), 2023-2028
27. India: Loyalty Card Market Forecast: Smart Card Volumes (in 000’s), 2023-2028
28. India: Loyalty Cards Market: Smart Card Value Forecast (in Million INR), 2023-2028
29. India: Credit & Debit Cards in Circulation (in Millions), 2018-2022
30. India: Banking Services: Smart Card Volumes (in Millions), 2018-2022
31. India: Banking Services: Smart Card Values (in Million INR), 2018-2022
32. India: Credit & Debit Cards in Circulation (in Millions), 2018-2022
33. India: Banking Services Forecast: Smart Card Volumes (in Millions), 2018-2022
34. India: Banking Services Forecast: Smart Card Values (in Million INR), 2023-2028
35. India: Microfinance Accounts (in Millions), 2018-2022
36. India: Microfinance Accounts Forecast (in Millions), 2018-2022
37. India: Number of MGNREGA Job Cards Issued (in Millions), 2018-2022
38. India: Financial Inclusion: Smart Card Volumes (in Millions), 2018-2022
39. India: Financial Inclusion: Smart Card Values (in Million INR), 2018-2022
40. India: Financial Inclusion Forecast: Smart Card Volumes (in Millions), 2018-2022
41. India: Financial Inclusion Forecast: Smart Card Values (in Million INR), 2018-2022
42. India: PAN Cards Forecast: Smart Card Volumes (in Millions), 2018-2022
43. India: PAN Cards Forecast: Smart Card Values (in Million INR), 2018-2022
44. India: E-Passport Forecast: Smart Card Volumes (in Millions), 2018-2022
45. India: E-Passport Forecast: Smart Card Values (in Million INR), 2018-2022
46. India: Driving License Forecast: Smart Card Volumes (in Millions), 2023-2028
47. India: Driving License Forecast: Smart Card Values (in Million INR), 2023-2028
48. India: Vehicle Registration Certificates: Smart Card Volumes (in Millions), 2018-2022
49. India: Vehicle Registration Certificates: Smart Card Values (in Million INR), 2018-2022
50. India: Vehicle Registration Certificate Forecast: Smart Card Volumes (in Millions), 2023-2028
51. India: Vehicle Registration Certificate Forecast: Smart Card Values (in Million INR), 2023-2028
52. India: RSBY Project: Smart Card Volumes (in Millions), 2018-2022
53. India: RSBY Project: Smart Card Values (in Million INR), 2018-2022
54. India: RSBY Project Forecast: Smart Card Volumes (in Millions), 2023-2028
55. India: RSBY Project Forecast: Smart Card Values (in Million INR), 2023-2028
56. India: Delhi Metro: Daily Ridership (in Millions), 2018-2022
57. India: Delhi Metro Forecast: Daily Ridership (in Millions), 2023-2028
58. India: Delhi Metro: Smart Card Volumes (in 000’s), 2018-2022
59. India: Delhi Metro: Smart Card Values (in Million INR), 2018-2022
60. India: Delhi Metro Forecast: Smart Card Volumes (in 000’s), 2023-2028
61. India: Delhi Metro Forecast: Smart Card Values (in Million INR), 2023-2028
62. India: Kolkata Metro: Daily Ridership (in 000’s), 2018-2022
63. India: Kolkata Metro Forecast: Daily Ridership (in 000’s), 2023-2028
64. India: Kolkata Metro Forecast: Smart Card Volumes (in 000’s), 2018-2022
65. India: Kolkata Metro Forecast: Smart Card Values (in Million INR), 2018-2022
66. India: Bangalore/Namma Metro: Daily Ridership (in 000’s), 2018-2022
67. India: Bangalore/Namma Metro Forecast: Daily Ridership (in 000’s), 2023-2028
68. India: Bangalore Metro/Namma Metro Forecast: Smart Card Volumes (in 000’s), 2018-2022
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), 2023-2028
71. India: Mumbai Metro Forecast: Smart Card Volumes (in 000’s), 2023-2028
72. India: Mumbai Metro Forecast: Smart Card Values (in Million INR), 2023-2028
73. India: Hyderabad Metro Forecast: Daily Ridership (in 000’s), 2016-2018
74. India: Hyderabad Metro Forecast: Smart Card Volumes (in 000’s), 2016-2018
75. India: Hyderabad Metro Forecast: Smart Card Values (in Million INR), 2016-2018
76. India: Chennai Metro Forecast: Daily Ridership (in 000’s), 2018-2022
77. India: Chennai Metro Forecast: Smart Card Volumes (in 000’s), 2018-2022
78. India: Chennai Metro Forecast: Smart Card Values (in Million INR), 2018-2022
79. India: Ahmadabad BRTS Forecast: Daily Ridership (in 000’s), 2018-2022
80. India: Ahmadabad BRTS Forecast: Smart Card Volumes (in 000’s), 2018-2022
81. India: Ahmadabad BRTS Forecast: Smart Card Values (in Million INR), 2018-2022
82. India: BEST & NMMT Forecast: Smart Card Volumes (in 000’s), 2018-2022
83. India: BEST & NMMT Forecast: Smart Card Values (in Million INR),2018-2022
84. India: KSRTC & BMTC Forecast: Smart Card Volumes (in 000’s), 2018-2022
85. India: BMTC & KSRTC Forecast: Smart Card Values (in Million INR), 2018-2022
86. Indian Railways Forecast: Smart Card Volumes (in Millions), 2018-2022
87. Indian Railways Forecast: Smart Card Values (in Million INR), 2018-2022
88. India: Breakup of Cash & Electronic Transactions by Volume (in %), 2020
89. India: Smart Card Market Definition
90. India: Executive Summary: Smart Card Market: Market Breakup by Application: Sales Volume (in Millions), 2018-2022
91. India: Executive Summary: Smart Card Market: Market Breakup by Application: Sales Value (in Million INR), 2018-2022
92. India: Smart Card Market: Market Breakup by Application: Sales Volume (in Millions), 2018-2022
93. India: Smart Card Market: Market Breakup by Application: Sales Value (in INR), 2018-2022
94. India: Smart Card Market Forecast: Market Breakup by Application: Sales Volume (in Millions), 2018-2022
95. India: Smart Card Market Forecast: Market Breakup by Application: Sales Value (in Million INR),2018-2022
96. India: Smart Card Market Forecast: Sales Volume Breakup by Application (in %), 2018-2022
97. India: Smart Card Market Forecast: Sales Value Breakup by Application (in %), 2018-2022
98. India: Number and Type of New PAN Cards Issued (in Millions), 2018-2022
99. India: Number and Type of New Passports Issued (in Millions), 2018-2022
100. India: Number and Type of New Driving Licenses Issued (in Millions), 2018-2022
101. India: Number and Type of Vehicle Registration Certificates Issued (in Millions), 2018-2022
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 2021 and 2026.
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 2023-2028, 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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