In 2023, France imported approximately 525.0 million smart cards. Forecasts indicate a continued steady growth in imports, with projected volumes reaching 618.1 million by 2028. This shows a consistent increase over the years.
The year-on-year variations reflect a stable growth with percentage increases from 2024 to 2025 at 3.6%, from 2025 to 2026 at 3.5%, from 2026 to 2027 at 3.3%, and from 2027 to 2028 at 3.2%. The compounded annual growth rate (CAGR) from 2024 to 2028 is approximately 3.4%.
Future trends to watch for include:
- Technological advancements in smart card technology and their impact on import levels.
- Regulatory changes within the European Union impacting the demand for smart cards.
- Emerging sectors requiring smart cards beyond traditional applications such as banking and telecommunications.
- Potential shifts in global supply chains affecting the sources of smart card imports.
