Increase in demand for contactless smart card, ongoing technological advancements, and surge in adoption in the banking and financial sector have boosted the growth of the global smart card market. The market across Asia-Pacific held the largest share in 2019, contributing to nearly one-third of the market. Partial and complete lockdown has disrupted the global supply chain and posed challenges for manufacturers to reach customers.Portland.OR, April 27, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global smart card market was pegged at .19 billion in 2019, and is estimated to reach .57 billion by 2027, growing at a CAGR of 6.2% from 2020 to 2027. Increase in demand for contactless smart card, ongoing technological advancements, and surge in adoption in the banking and financial sector have boosted the growth of the global smart card market. However, high cost of incorporating chip cards hinders the market growth. On the contrary, high demand from the Asia-Pacific region is estimated to open lucrative opportunities for the market players in the future. Download Free Sample Report (Get Detailed Analysis in PDF – 271+ Pages): https://www.alliedmarketresearch.com...t-sample/11453 Covid-19 scenario: The Covid-19 outbreak has greatly affected the electronics and semiconductor sector. Several business and manufacturing units across various countries were closed due to rise in Covid-19 cases.Partial and complete lockdown has disrupted the global supply chain and posed challenges for manufacturers to reach customers.However, the growth of the telecommunication sector is estimated to boost the market growth. The global smart card market is segmented on the basis of type, end use, and region. Based on type, the contactless segment held the largest share in 2019, accounting for around two-fifths of the market. However, the dual interface segment is estimated to register the highest CAGR of 7.4% during the forecast period. Interested to Procure the Data? Inquire here @: https://www.alliedmarketresearch.com...-enquiry/11453 On the basis of end use, the telecommunication segment held the lion’s share in 2019, accounting for half of the global market. However, the transportation segment is projected to register the highest CAGR of 9.0% during the forecast period. The global smart card market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the largest share in 2019, contributing to nearly one-third of the market. Moreover, the region is estimated to register the highest CAGR of 7.4% during the forecast period. Get detailed COVID-19 impact analysis on the Smart Card Market: https://www.alliedmarketresearch.com...3?reqfor=covid The global smart card market report includes an in-depth analysis of the major market players such as Alioth Llc., Cardlogix Corporation, Cpi Card Group Inc., Giesecke+Devrient Gmbh, Idemia, Identiv, Inc., Infineon Technologies Ag, Nxp Semiconductors Nv, Thales, and Watchdata Technologies. Access AVENUE - A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. 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