PUBLISHER: The Business Research Company | PRODUCT CODE: 1822830
PUBLISHER: The Business Research Company | PRODUCT CODE: 1822830
A dual interface integrated circuit (IC) card is a smart card that supports both contact and contactless communication through a single chip. It contains an embedded microprocessor and memory to securely store and process data. The primary purpose of this card is to provide secure, versatile access for applications such as payments, identification, and access control, enabling usage across different systems and environments.
The main types of dual interface integrated circuit (IC) cards include contact interface cards, contactless interface cards, dual-interface smart cards, and hybrid cards. Contact interface cards are smart cards that require physical contact with a card reader via a metallic chip interface to facilitate data transmission for identification, authentication, or payment purposes. These cards include components such as microcontrollers, memory, and other elements, and operate using various technologies including radio frequency identification (RFID), near field communication (NFC), magnetic stripe technology, and smart card technology. They are widely used across multiple sectors such as banking and financial services, telecommunications, transportation and logistics, government and identification, healthcare and medical services, and retail.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.
The dual interface integrated circuit (IC) cards market research report is one of a series of new reports from The Business Research Company that provides dual interface integrated circuit (IC) cards market statistics, including dual interface integrated circuit (IC) cards industry global market size, regional shares, competitors with a dual interface integrated circuit (IC) cards market share, detailed dual interface integrated circuit (IC) cards market segments, market trends and opportunities, and any further data you may need to thrive in the dual interface integrated circuit (IC) cards industry. This dual interface integrated circuit (IC) cards market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The dual interface integrated circuit (IC) card market size has grown rapidly in recent years. It will grow from $5.87 billion in 2024 to $6.60 billion in 2025 at a compound annual growth rate (CAGR) of 12.5%. The growth during the historic period can be attributed to the increasing adoption of contactless payments, rising demand for secure payment solutions, expansion of banking infrastructure, growth in government electronic identification programs, and development of public transportation systems.
The dual interface integrated circuit (IC) card market size is expected to see rapid growth in the next few years. It will grow to $10.45 billion in 2029 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to the increasing use of mobile wallets, rising demand for biometric verification, expansion of Internet of Things (IoT) connected devices, shift toward digital identity platforms, and growing cybersecurity concerns. Key trends during the forecast period include advancements in contactless communication technology, innovations in chip miniaturization, development of multi-application smart cards, research and development in secure encryption methods, and the emergence of biometric dual interface cards.
The increasing adoption of contactless payments is expected to drive growth in the dual interface integrated circuit (IC) card market moving forward. Contactless payments are a fast and secure way to pay by tapping a card or device near a compatible terminal using near field communication (NFC) or radio frequency identification (RFID) technology. This adoption is rising due to growing consumer demand for quick, convenient transactions without physical contact or PIN entry. Dual interface IC cards support both contact and contactless transactions, enhancing versatility across payment environments. They offer users quick, secure, and touch-free payment options, simplifying everyday financial interactions. For example, in July 2024, UK Finance reported 18.3 billion contactless payments in the UK in 2023, a 7% increase from 17 billion in 2022. Thus, rising contactless payment adoption is fueling the growth of the dual interface IC card market.
Key players in the dual interface IC card market are focusing on innovative security solutions, such as advanced security controllers, to improve data protection and enable seamless contact and contactless transactions. Security controllers are specialized integrated circuits that protect sensitive data through secure processing, encryption, and authentication in smart cards and secure elements. For instance, in November 2022, Infineon Technologies AG, a Germany-based semiconductor manufacturer, launched the SLC26P security controller- the first security IC optimized for high-volume payment applications using advanced 28 nm technology. This controller features a 32-bit Arm v8-M CPU for fast processing, ultra-low power consumption, high-speed communication, EMVCo certification, and innovative delivery formats such as Coil on Module (CoM), ensuring reliable sourcing for smart cards and embedded security ICs in payments and related sectors.
In May 2025, CPI Card Group Inc., a US-based payments technology firm, acquired Arroweye Solutions Inc. for $45.55 million. This acquisition aims to strengthen CPI's on-demand card issuance capabilities, enabling faster, more flexible, and personalized payment card solutions to better serve fintech companies and evolving customer demands. Arroweye Solutions Inc. specializes in on-demand production and personalization of dual interface integrated circuit cards.
Major players in the dual interface integrated circuit (ic) card market are IDEMIA Group, Thales Group S.A., Infineon Technologies AG, NXP Semiconductors N.V., Giesecke & Devrient GmbH, CPI Card Group Inc., Austriacard Holdings AG, Eastcompeace Technology Co. Ltd., Goldpac Group Limited, dz card (International) Co. Ltd., Paragon Identification SAS, Arroweye Solutions Inc., Silone Cardtech Co. Ltd., CardLogix Corporation, MoreRFID Co. Ltd., Variuscard GmbH, IC Payments LLC, Toppan Printing Co. Ltd., SmartTech Production Co. Ltd., Beijing Watchdata System Co. Ltd.
North America was the largest region in the dual interface integrated circuit (IC) card market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in dual interface integrated circuit (IC) card report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the dual interface integrated circuit (IC) card market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The dual interface integrated circuit (IC) card market consists of revenues earned by entities by providing services such as payment services, identification and authentication, access control, public transportation fare collection, and healthcare data management. The market value includes the value of related goods sold by the service provider or included within the service offering. The dual interface integrated circuit card market also includes of sales of memory cards, microprocessor cards, hybrid cards, healthcare cards, biometric smart cards, and java-based smart cards. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Dual Interface Integrated Circuit Card Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on dual interface integrated circuit card market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for dual interface integrated circuit card ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The dual interface integrated circuit card market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.