North America Biometric Payment Cards Market Size, Share & Industry Trends Analysis Report By Card Type (Credit Cards and Debit Cards), By End Use (Retail, Hospitality, Transportation, Healthcare, Government), By Country and Growth Forecast, 2022 - 2028

The North America Biometric Payment Cards Market would witness market growth of 68.2% CAGR during the forecast period (2022-2028).

The Biometric Card integrates chip technology with fingerprints to validate the cardholder's identification for in-store purchases in a quick and secure manner. An embedded sensor, driven by the chip, uses a fingerprint to verify identity and can be utilized at EMV terminals. Technologies embedded in the biometric payment cards are focused on user, i.e. the aim is to provide complete security to the user while making a transaction.

Since people use biometrics to access the phones and want a biometric sensor for quick payment processing, the market for biometric payment cards is expanding. Many consumers were acquainted with biometrics and a significant number of people were keen on using biometrics to confirm identity and initiate payments. Reduced administration is another important aspect that is boosting the usage of biometric payment cards. For example, when using conventional payment systems, merchants must manage lineups while also covering administrative costs. Owing to biometric payment cards executing payments at a quicker rate, payment lineups are shortened, lowering merchant administration costs.

Biometrics have attracted attention in grocery stores, petrol stations, and convenience stores in the United States, as well as a kind of one-click payment for online sellers such as Amazon. For example, according to Visa, a significant number of consumers see biometric payments as a more convenient way to make payments in 2021. It is likely that the biometric payment market would increase multiple times, with compound annual growth. The banking and financial institutions in collaboration with information technology firms are heavily spending on research and development activities, in order to assure the supreme quality of authentication in the biometric payment card transaction.

The regional government is in strong support of digitalization as well as contactless transactions. Also, numerous initiatives has been taken by the regional banks in order to promote usage of biometric payment cards for making transactions. Banks are providing many offer and discounts to attract the potential and existing customers. Therefore, due to increasing preference to contactless payments by all government, banking institutions, and population, the regional biometric payment cards market is expected to grow in forecast period.

The US market dominated the North America Biometric Payment Cards Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $817.9 Million by 2028. The Canada market is experiencing a CAGR of 72.5% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 70.7% during (2022 - 2028).

Based on Card Type, the market is segmented into Credit Cards and Debit Cards. Based on End Use, the market is segmented into Retail, Hospitality, Transportation, Healthcare, Government, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Global Biometric Payment Cards Market is Estimated to reach $2.9 Billion by 2028, at a CAGR of 69%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Infineon Technologies AG, NXP Semiconductors N.V., Thales Group S.A., Visa, Inc., Mastercard, Inc., IDEX Biometrics ASA, Zwipe, Bio-idz, and Goldpac Group.

Scope of the Study

Market Segments Covered in the Report:

By Card Type

• Credit Cards
• Debit Cards

By End Use

• Retail
• Hospitality
• Transportation
• Healthcare
• Government
• Others

By Country

• US
• Canada
• Mexico
• Rest of North America

Key Market Players

List of Companies Profiled in the Report:

• Infineon Technologies AG
• NXP Semiconductors N.V.
• Thales Group S.A.
• Visa, Inc.
• Mastercard, Inc.
• IDEX Biometrics ASA
• Zwipe
• Bio-idz
• Goldpac Group

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Biometric Payment Cards Market, by Card Type
1.4.2 North America Biometric Payment Cards Market, by End Use
1.4.3 North America Biometric Payment Cards Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2019, May – 2022, Jun) Leading Players

Chapter 4. North America Biometric Payment Cards Market by Card Type
4.1 North America Credit Cards Market by Country
4.2 North America Debit Cards Market by Country

Chapter 5. North America Biometric Payment Cards Market by End-use
5.1 North America Retail Market by Country
5.2 North America Hospitality Market by Country
5.3 North America Transportation Market by Country
5.4 North America Healthcare Market by Country
5.5 North America Government Market by Country
5.6 North America Others Market by Country

Chapter 6. North America Biometric Payment Cards Market by Country
6.1 US Biometric Payment Cards Market
6.1.1 US Biometric Payment Cards Market by Card Type
6.1.2 US Biometric Payment Cards Market by End-use
6.2 Canada Biometric Payment Cards Market
6.2.1 Canada Biometric Payment Cards Market by Card Type
6.2.2 Canada Biometric Payment Cards Market by End-use
6.3 Mexico Biometric Payment Cards Market
6.3.1 Mexico Biometric Payment Cards Market by Card Type
6.3.2 Mexico Biometric Payment Cards Market by End-use
6.4 Rest of North America Biometric Payment Cards Market
6.4.1 Rest of North America Biometric Payment Cards Market by Card Type
6.4.2 Rest of North America Biometric Payment Cards Market by End-use

Chapter 7. Company Profiles
7.1 Infineon Technologies AG
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.6 SWOT Analysis
7.2 NXP Semiconductors N.V.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 Thales Group S.A.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research and Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Product Launches and Product Expansions:
7.4 Visa, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Recent strategies and developments:
7.4.3.1 Partnerships, Collaborations, and Agreements:
7.4.3.2 Product Launches and Product Expansions:
7.5 Mastercard, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Recent strategies and developments:
7.5.4.1 Partnerships, Collaborations, and Agreements:
7.5.4.2 Product Launches and Product Expansions:
7.6 IDEX Biometrics ASA
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.7 Zwipe
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Research & Development Expense
7.7.4 Recent strategies and developments:
7.7.4.1 Partnerships, Collaborations, and Agreements:
7.8 Bio-idz
7.8.1 Company Overview
7.9 Goldpac Group
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:

TABLE 1 North America Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 2 Partnerships, Collaborations and Agreements– Biometric Payment Cards Market
TABLE 3 Product Launches And Product Expansions– Biometric Payment Cards Market
TABLE 4 North America Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 5 North America Credit Cards Market by Country, 2022 - 2028, USD Million
TABLE 6 North America Debit Cards Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 8 North America Retail Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Hospitality Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Transportation Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Government Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 14 North America Biometric Payment Cards Market by Country, 2022 - 2028, USD Million
TABLE 15 US Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 16 US Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 17 US Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 18 Canada Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 19 Canada Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 20 Canada Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 21 Mexico Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 22 Mexico Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 23 Mexico Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 24 Rest of North America Biometric Payment Cards Market, 2022 - 2028, USD Million
TABLE 25 Rest of North America Biometric Payment Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 26 Rest of North America Biometric Payment Cards Market by End-use, 2022 - 2028, USD Million
TABLE 27 Key Information – Infineon Technologies AG
TABLE 28 Key Information – NXP Semiconductors N.V.
TABLE 29 key information – Thales Group S.A.
TABLE 30 Key Information – Visa, Inc.
TABLE 31 key Information – Mastercard, Inc.
TABLE 32 Key Information – IDEX Biometrics ASA
TABLE 33 Key Information – Zwipe
TABLE 34 Key Information – Bio-idz
TABLE 35 Key Information – Goldpac Group

List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2019, May – 2022, Jun) Leading Players
FIG 5 Swot analysis: INFINEON TECHNOLOGIES AG
FIG 6 Swot analysis: NXP semiconductors N.V.
FIG 7 Recent strategies and developments: Visa, Inc.
FIG 8 Recent strategies and developments: Mastercard, Inc.