India Biometric Payment Cards Market Size & Outlook
The biometric payment cards market in India is expected to reach a projected revenue of US$ 267.9 million by 2030. A compound annual growth rate of 67.3% is expected of India biometric payment cards market from 2024 to 2030.
Revenue, 2023 (US$M)
$7.3
Forecast, 2030 (US$M)
$267.9
CAGR, 2024 - 2030
67.3%
Report Coverage
India
India biometric payment cards market, 2018-2030 (US$M)
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India biometric payment cards market highlights
- The India biometric payment cards market generated a revenue of USD 7.3 million in 2023 and is expected to reach USD 267.9 million by 2030.
- The India market is expected to grow at a CAGR of 67.3% from 2024 to 2030.
- In terms of segment, credit cards was the largest revenue generating card type in 2023.
- Credit Cards is the most lucrative card type segment registering the fastest growth during the forecast period.
Biometric payment cards market data book summary
| Market revenue in 2023 | USD 7.3 million |
| Market revenue in 2030 | USD 267.9 million |
| Growth rate | 67.3% (CAGR from 2023 to 2030) |
| Largest segment | Credit cards |
| Fastest growing segment | Credit Cards |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Credit Cards |
| Key market players worldwide | IGO Ltd, BNP Paribas Act. Cat.A, IDEX Biometrics ASA, Infineon Technologies AG, NXP Semiconductors NV, Thales Group, Mastercard Inc Class A, Visa Inc Class A, Goldpac, Bio-Idz, Zwipe |
Other key industry trends
- In terms of revenue, India accounted for 11.4% of the global biometric payment cards market in 2023.
- Country-wise, South Korea is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, South Korea biometric payment cards market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 92.7 million by 2030.
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Biometric Payment Cards Market Scope
Biometric payment cards market segmentation & scope
Biometric Payment Cards Market Companies
| Name | Profile | # Employees | HQ | Website |
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India biometric payment cards market size, by card type, 2018-2030 (US$M)
India Biometric Payment Cards Market Outlook Share, 2023 & 2030 (US$M)
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