The global market for EMV Cards was valued at US$4.3 Billion in 2024 and is projected to reach US$6.3 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Technological advancements in EMV cards have further cemented their position in the market. Contactless EMV cards, for instance, utilize Near Field Communication (NFC) technology, allowing users to make payments by simply tapping their card on a terminal. This innovation not only speeds up transactions but also provides a convenient and hygienic payment method, which has gained particular importance in the context of the COVID-19 pandemic. Additionally, EMV cards are now often equipped with additional functionalities, such as integration with mobile payment platforms and multi-application capabilities, enabling them to store multiple services on a single card. These technological improvements have contributed to the growing popularity and utility of EMV cards in the modern payment ecosystem.
EMV cards, named after their developers Europay, MasterCard, and Visa, represent a significant advancement in payment card technology, replacing the traditional magnetic stripe with a microprocessor chip. This chip-based technology enhances security by generating a unique transaction code for each purchase, making it exceedingly difficult for fraudsters to replicate card information. The transition to EMV cards has been driven by the need to combat rising instances of card fraud and improve transaction security. Unlike magnetic stripe cards, which store static data that can be easily copied, EMV cards provide dynamic authentication, offering a robust defense against counterfeit card fraud. The adoption of EMV cards has become widespread across the globe, with many countries mandating their use to enhance payment security.
Global EMV Cards Market - Key Trends and Drivers Summarized
The growth in the EMV card market is driven by several factors, including increasing concerns over card fraud, regulatory mandates, and technological advancements. The rising incidence of data breaches and fraudulent activities has heightened the demand for more secure payment methods, with EMV cards offering a proven solution. Regulatory bodies in various regions have implemented policies that require the adoption of EMV technology, accelerating its deployment among financial institutions and merchants. Technological advancements, such as the development of contactless payment capabilities and enhanced card functionalities, have also spurred market growth. Consumer behavior plays a crucial role, with a growing preference for secure and convenient payment methods driving the demand for EMV cards. Additionally, the expansion of digital and e-commerce transactions has necessitated robust payment security, further promoting the adoption of EMV technology. These factors collectively underpin the rapid growth and widespread acceptance of EMV cards in the global payment landscape.Technological advancements in EMV cards have further cemented their position in the market. Contactless EMV cards, for instance, utilize Near Field Communication (NFC) technology, allowing users to make payments by simply tapping their card on a terminal. This innovation not only speeds up transactions but also provides a convenient and hygienic payment method, which has gained particular importance in the context of the COVID-19 pandemic. Additionally, EMV cards are now often equipped with additional functionalities, such as integration with mobile payment platforms and multi-application capabilities, enabling them to store multiple services on a single card. These technological improvements have contributed to the growing popularity and utility of EMV cards in the modern payment ecosystem.
EMV cards, named after their developers Europay, MasterCard, and Visa, represent a significant advancement in payment card technology, replacing the traditional magnetic stripe with a microprocessor chip. This chip-based technology enhances security by generating a unique transaction code for each purchase, making it exceedingly difficult for fraudsters to replicate card information. The transition to EMV cards has been driven by the need to combat rising instances of card fraud and improve transaction security. Unlike magnetic stripe cards, which store static data that can be easily copied, EMV cards provide dynamic authentication, offering a robust defense against counterfeit card fraud. The adoption of EMV cards has become widespread across the globe, with many countries mandating their use to enhance payment security.
Report Scope
The report analyzes the EMV Cards market, presented in terms of market value (USD). The analysis covers the key segments and geographic regions outlined below.Segments
Technology (Contactless Cards, Contact-based Cards); Type (Debit Cards, Credit Cards).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Contactless Cards segment, which is expected to reach US$3.9 Billion by 2030 with a CAGR of a 7.9%. The Contact-based Cards segment is also set to grow at 4.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $1.2 Billion in 2024, and China, forecasted to grow at an impressive 10.2% CAGR to reach $1.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global EMV Cards Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global EMV Cards Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global EMV Cards Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Beijing Watchdata Co. Ltd., dz Card (International) Ltd., EMVCo, LLC, Fiserv, Inc., Giesecke+Devrient GmbH and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 54 companies featured in this EMV Cards market report include:
- Beijing Watchdata Co. Ltd.
- dz Card (International) Ltd.
- EMVCo, LLC
- Fiserv, Inc.
- Giesecke+Devrient GmbH
- Goldpac Group
- IDEMIA Group
- Mastercard Inc.
- M-Tech Innovations Ltd.
- NCR Voyix Corporation
- Perfect Plastic Printing Corp
- Seshaasai Business Forms Pvt. Ltd.
- Thales Group
- Toppan Gravity
- Versatile Card Technology Pvt. Ltd.
- Wuhan Tianyu Information Industry Co., Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Beijing Watchdata Co. Ltd.
- dz Card (International) Ltd.
- EMVCo, LLC
- Fiserv, Inc.
- Giesecke+Devrient GmbH
- Goldpac Group
- IDEMIA Group
- Mastercard Inc.
- M-Tech Innovations Ltd.
- NCR Voyix Corporation
- Perfect Plastic Printing Corp
- Seshaasai Business Forms Pvt. Ltd.
- Thales Group
- Toppan Gravity
- Versatile Card Technology Pvt. Ltd.
- Wuhan Tianyu Information Industry Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 285 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 4.3 Billion |
| Forecasted Market Value ( USD | $ 6.3 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
