Smart Card Materials Market To Reach $1.42 Billion By 2030

Smart Card Materials Market Growth & Trends

The global smart card materials market size is expected to reach USD 1.42 billion by 2030, registering a CAGR of 3.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for secure and reliable payment transactions is one of the primary growth stimulants for the market. In addition, cost saving schemes for merchants of payment brands and growing inclinations towards cashless payments are further stimulating the growth of the market.

Several materials, such as polyvinyl chloride (PVC), polycarbonate (PC), acrylonitrile butadiene styrene (ABS), polyethylene terephthalate glycol (PETG), paper, PVC & ABS blends, holographic foil, teslin, and biopolymers such as polylactic acid (PLA), are used for manufacture of card body. In early days, the smart card industry used paper as one of the preferred materials for production. However, in the past few years, plastic materials have almost made paper materials obsolete.

Significant technological advancements, IT revolution, e-governance, and digitization happening across the world are leading to an increase in adoption of smart cards in various end-use sectors. These sectors include banking, financial services and insurance (BFSI), healthcare, government, retail, telecommunication, and hospitality. A broad range of smart cards, including membership cards, government ID cards, gift cards, loyalty cards, access cards, and debit/credit cards, is used in the aforementioned sectors.

Several factors such as personalization, selection of material, operational accuracy, data integrity, easy implementation, and top-level security are taken into consideration while manufacturing smart cards in order to fulfill requirements of end users. Manufacturing of smart cards can be distinguished based on application and technical/physical properties required.

 Request a free sample copy or view report summary: Smart Card Materials Market Report

Smart Card Materials Market Report Highlights

• Polycarbonate (PC) is expected to register the fastest CAGR of 4.3% during the forecast period owing to its exceptional properties, such as durability, high-impact resistance, and tamper-evident characteristics.

• Polyvinyl Chloride (PVC) dominated the market and accounted for the largest revenue share of 42.9% in 2023 attributed to PVC's excellent chemical, mechanical, high tensile strength, and thermal properties.

• Contact cards led the market and accounted for the largest revenue share of 64.2% of the market share in 2023, owing to their widespread adoption in the banking and financial services industry.

• Telecommunication dominated the market with a 48.3% share in 2023. The increased adoption of SIM cards in mobile devices has fueled the market growth.

• The Asia Pacific smart card materials market dominated the global market and accounted for the largest revenue share of 43.5% in 2023 due to the rapid adoption of contactless payment systems.

Smart Card Materials Market Segmentation

Grand View Research has segmented the global smart card materials market on the basis of on material, type, end-use, and region:

Smart Card Materials Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Polyvinyl Chloride (PVC)

• Polycarbonate (PC)

• Acrylonitrile Butadiene Styrene (ABS)

• Polyethylene Terephthalate-Glycol (PETG)

• Others

Smart Card Materials Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Contact Cards

• Contactless Cards

• Multi-Component Cards

Smart Card Materials End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• BFSI

• Government

• Telecommunication

• Retail

• Healthcare

• Hospitality

• Others

Smart Card Materials Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Spain

  • Italy

  • Russia

  • Sweden

  • Denmark

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Vietnam

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • UAE

  • South Africa

  • Saudi Arabia

  • Kuwait

List of Key Players in the Smart Card Materials Market

• Thales

• Giesecke+Devrient GmbH

• IDEMIA

• Infineon Technologies AG

• NXP Semiconductors

• Samsung Electronics Co., Ltd.

• Texas Instruments Incorporated

• CPI Card Group Inc.

• HID Global Corporation

• Watchdata Technologies Ltd.

• CardLogix Corporation

• Eastcompeace Technology Co., Ltd.

• Wuhan Tianyu Information Industry Co., Ltd.