- Proximity cards, utilizing RFID and NFC technologies for contactless access and transactions, are integral to modern security, payment, and identification systems across industries due to their convenience, speed, and enhanced security features
- The growing demand for proximity cards is fueled by the widespread adoption of contactless technologies, increasing security concerns, and the need for efficient access control and payment systems in various sectors
- North America dominated the proximity cards market with the largest revenue share of 38.5% in 2024, driven by early adoption of contactless technologies, high penetration of smart payment systems, and the presence of major industry players. The U.S. leads in proximity card adoption, particularly in banking and retail, supported by innovations from established companies and startups focusing on secure, scalable solutions
- Asia-Pacific is projected to be the fastest-growing region during the forecast period, driven by rapid urbanization, increasing digital payment adoption, and rising investments in infrastructure development
- The low frequency cards segment dominated the market with the largest market revenue share in 2024, driven by their reliability, cost-effectiveness, and widespread compatibility with existing access control systems
