A smart card, chip card, or integrated circuit card (ICC) is a physical electronic authorization device, used to control access to a resource. It is typically a plastic credit card sized card with an embedded integrated circuit. Many smart cards include a pattern of metal contacts to electrically connect to the internal chip. Others are contactless, and some are both. Smart cards can provide personal identification, authentication, data storage, and application processing. Applications include identification, financial, mobile phones (SIM), public transit, computer security, schools, and healthcare. Smart cards may provide strong security authentication for single sign-on (SSO) within organizations.

Powered Smart Cards use battery-powered smart cards that continuously broadcast their own signal. Powered Smart Cards are commonly used as “beacons” to accurately track the real-time location of assets or in high-speed environments such as tolling. Powered Smart Cards provide a much longer read range than passive tags, but they are also much more expensive.
At present, in developed countries, the Smart Card industry is generally at a more advanced level. The world's largest enterprises are mainly concentrated in Europe. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level. Smart Card is a technology-intensive industry. Most of products are purchased through the bidding, which need high request to the providers, include the technology, cost, service and so on. With the development in production and technology, Chinese communications operators gradually shift to the domestic manufacturers. It is important for European and North American manufactures to monitor the Asian Market closely and follow any new technologies they may develop or else they may find themselves not able to produce at the speed and with the quality needed.Smart labels market is segmented on the basis of application into banking/payment, access control, and others. In 2018, the banking/payment segment accounted for the largest share of the application segment. The access control segment is projected to grow at a highest CAGR during the forecast period.

Market Analysis and Insights: Global Powered Smart Cards Market
The global Powered Smart Cards market is valued at US$ 708.9 million in 2019. The market size will reach US$ 1446 million by the end of 2026, growing at a CAGR of 10.6% during 2021-2026.

Global Powered Smart Cards Scope and Market Size
Powered Smart Cards market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Powered Smart Cards market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
≤ 3 Years
3-5 Years
> 5 Years

Segment by Application
Banking/Payment
Access Control
Others
In Powered Smart Cards market, Banking/Payment segment holds an important share in terms of application, and it is expected to reach a volume of 116.61 (M Units) by 2025, at a CAGR of 12.36% during 2018 and 2025. It means that Powered Smart Cards will be promising in the Banking/Payment field in the next couple of years.

By Company
IDEMIA
Gemalto
OrangeTags
Eastcompeace Technology
Dahua Technology
ChuanDa KeHong New Technology
Dynamics
Watchdata Technologies
Shenzhen Marktrace Co., Ltd
Jinco Universal
ELA Innovation
Beijing Tangan
SYRIS Technology Corp
Guangdong Xinye

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia