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Market Snapshot

CAGR:6.12

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	6.12

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Report Overview

Magnetic Stripe Card Market Analysis Report 2023-2032:

The Magnetic Stripe Card Market is poised to experience substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 5.12% between 2022 and 2032. The market size is anticipated to expand by USD 8,673.89 million during this period. The growth of the market is influenced by various factors, including the widespread adoption of electronic payment systems, the increasing demand for secure and efficient payment methods, and the continuous advancements in technology. A magnetic stripe card is a type of payment card that contains a magnetic stripe on its back, which stores important information such as account details and personal identification numbers. These cards are widely used for various purposes, including financial transactions, access control, loyalty programs, and more.

Magnetic Stripe Card Market Overview:

Drivers:

The magnetic stripe card market is driven by the growing adoption of electronic payment systems across different industries. As the world transitions towards a cashless economy, magnetic stripe cards provide a convenient and secure way for consumers to make payments. They are widely accepted in retail, hospitality, and transportation sectors, contributing to the market's expansion. Additionally, the ease of use and familiarity of magnetic stripe cards among consumers further propels their adoption.

Furthermore, the demand for secure and efficient payment methods is bolstering the market growth. Magnetic stripe cards can incorporate encryption and authentication technologies, enhancing their security features and reducing the risk of fraud. These cards are a preferred choice for various financial institutions and businesses looking to offer reliable payment solutions to their customers.

Trends:

An emerging trend in the magnetic stripe card market is the integration of contactless technology. Contactless magnetic stripe cards enable users to make transactions by simply tapping or waving their cards near a contactless-enabled terminal. This technology enhances convenience and speeds up transaction times, contributing to the increased adoption of magnetic stripe cards in various scenarios, including public transportation and quick-service retail.

Additionally, the integration of loyalty programs and rewards into magnetic stripe cards is driving their usage in customer retention strategies. By combining payment functionality with loyalty features, businesses can offer seamless experiences to their customers and incentivize repeat purchases.

Restraints:

One of the key challenges faced by the magnetic stripe card market is the increasing prevalence of alternative payment methods, such as mobile wallets and digital payment platforms. These alternatives offer greater convenience and are increasingly being favored by consumers, potentially reducing the demand for traditional magnetic stripe cards.

Moreover, concerns regarding data security and the susceptibility of magnetic stripe cards to skimming and cloning attacks present a restraint to their widespread adoption. As a result, there is a need for continuous innovation to enhance the security features of magnetic stripe cards and mitigate these risks.

Magnetic Stripe Card Market Segmentation by Application: The financial transactions segment is expected to witness substantial growth during the forecast period. Magnetic stripe cards have been a cornerstone of the payment industry for years, serving as debit cards, credit cards, and prepaid cards. They enable users to conduct secure transactions at various points of sale and ATMs worldwide. The convenience and acceptance of these cards make them a preferred choice for both consumers and businesses alike.

Additionally, the access control segment is also anticipated to contribute significantly to market growth. Magnetic stripe cards are widely used for granting access to buildings, events, and restricted areas. They are an integral part of security systems and help organizations ensure controlled entry and exit.

Magnetic Stripe Card Market Segmentation by Type: The traditional magnetic stripe card segment is expected to dominate the market throughout the forecast period. These cards have a magnetic stripe on their back that stores data in a standardized format, which can be easily read by card readers. They are widely accepted and can be used for various applications, including financial transactions, identification, and loyalty programs.

Geographical Overview: North America is projected to be a prominent contributor to the global magnetic stripe card market, with the United States and Canada being key markets. The widespread adoption of electronic payment methods and the established card payment infrastructure in these countries drive the demand for magnetic stripe cards. Additionally, Europe is also anticipated to exhibit substantial growth, driven by countries like the United Kingdom and Germany, where magnetic stripe cards are still widely used despite the emergence of newer payment technologies.

Furthermore, the Asia-Pacific region, particularly China and India, is expected to experience rapid growth in the adoption of magnetic stripe cards due to the ongoing expansion of banking and financial services and the increasing penetration of electronic payment systems in these markets.

Magnetic Stripe Card Market Customer Landscape: The magnetic stripe card market report encompasses the adoption lifecycle of the market, from early adopters to laggards. It delves into the factors influencing adoption rates across different regions and provides insights into key purchase criteria and drivers of price sensitivity, aiding companies in devising effective growth strategies.

Major Players in the Magnetic Stripe Card Market: Companies in the magnetic stripe card market are employing various strategies, including partnerships, acquisitions, geographical expansions, and product launches, to strengthen their market presence.

Some of the major players include:

Gemalto N.V.
CPI Card Group
IDEMIA
Giesecke+Devrient GmbH
Valid
ABCorp
CardLogix Corporation
Versatile Card Technology
NXP Semiconductors
Oberthur Technologies

The competitive landscape analysis provides a comprehensive overview of these key players, along with qualitative and quantitative insights to help companies understand their strengths, weaknesses, and market positioning.

Segment Overview:

The magnetic stripe card market report offers revenue forecasts at the global, regional, and country levels, analyzing the latest trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032)

Financial transactions
Access control
Loyalty programs
Identification
Others

Type Outlook (USD Million, 2019 - 2032)

Traditional magnetic stripe cards
Contactless magnetic stripe cards

Geography Outlook (USD Million, 2019 - 2032)

North America

The United States
Canada

Europe

The United Kingdom
Germany
France
Rest of Europe

Asia-Pacific

China
India

South America

Brazil
Argentina
Chile

Middle East & Africa

Saudi Arabia
South Africa
Rest of the Middle East & Africa

In conclusion, the magnetic stripe card market is poised for growth driven by the shift towards electronic payment systems, demand for secure payment methods, and continuous technological advancements. The integration of contactless technology and loyalty programs are notable trends, while competition from alternative payment methods and security concerns present challenges to market expansion. The market's landscape is shaped by major players implementing diverse strategies to enhance their market presence. Regional variations in adoption trends and growth drivers further contribute to the dynamic landscape of the magnetic stripe card market.

TABLE OF CONTENTS: GLOBAL Magnetic Stripe Card MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Magnetic Stripe Card MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Magnetic Stripe Card Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Magnetic Stripe Card MARKET BY Product Type INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Natural Frac Sands

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Resin Coated Sands

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4. Ceramic proppant

5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Magnetic Stripe Card MARKET BY Application INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. PVC substrate

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Bank book substrate

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4. Paper substrate

6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Magnetic Stripe Card MARKET REGIONAL OUTLOOK

7.1. Magnetic Stripe Card Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Magnetic Stripe Card Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Magnetic Stripe Card Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Magnetic Stripe Card Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Magnetic Stripe Card Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Magnetic Stripe Card Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Magnetic Stripe Card Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Magnetic Stripe Card Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Magnetic Stripe Card Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Magnetic Stripe Card Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Magnetic Stripe Card Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Magnetic Stripe Card Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Magnetic Stripe Card Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Magnetic Stripe Card Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Magnetic Stripe Card Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Magnetic Stripe Card Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Magnetic Stripe Card Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Magnetic Stripe Card Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Magnetic Stripe Card Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Magnetic Stripe Card Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Magnetic Stripe Card Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Magnetic Stripe Card Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Magnetic Stripe Card Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Magnetic Stripe Card Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Magnetic Stripe Card Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Magnetic Stripe Card Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Magnetic Stripe Card Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Magnetic Stripe Card Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Magnetic Stripe Card Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Magnetic Stripe Card Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Magnetic Stripe Card Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Magnetic Stripe Card Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Magnetic Stripe Card Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Magnetic Stripe Card Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Magnetic Stripe Card Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Magnetic Stripe Card Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Magnetic Stripe Card Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Magnetic Stripe Card Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Magnetic Stripe Card Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Magnetic Stripe Card Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Magnetic Stripe Card Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Magnetic Stripe Card Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Magnetic Stripe Card Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Magnetic Stripe Card Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Magnetic Stripe Card Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Magnetic Stripe Card Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Magnetic Stripe Card Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Magnetic Stripe Card Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Magnetic Stripe Card Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Magnetic Stripe Card Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Magnetic Stripe Card Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Magnetic Stripe Card Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Magnetic Stripe Card Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Magnetic Stripe Card Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Magnetic Stripe Card Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Magnetic Stripe Card Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Magnetic Stripe Card Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Magnetic Stripe Card Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. KURZ

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2. PYRAL

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3. Greencorp

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4. TSSI Magnetics and Coatings

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5. C.T. Lay S.r.l.

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6. ITW Security Division

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7. Entrust Datacard Corporation

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8. NXP Semiconductors

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9. Infineon Technologies AG

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10. Atmel

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Magnetic Stripe Card Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032