Smart Badge Market Worth $33.8 billion by 2025

The market for smart badges is projected to grow from USD 21.1 billion in 2020 to USD 33.8 billion by 2025; it is expected to grow at a CAGR of 9.9% from 2020 to 2025, according to new research.

The most significant factor driving the growth of this market is the rise in demand for wearable access control devices for security management.

A contactless smart card/badge contains a chip and a radio frequency identification (RFID) antenna (copper or aluminum) attached to the chip for reading and writing information from the chip's memory. To complete any transaction, contactless cards do not have to be swiped or inserted into a smart card reader. Instead, they only need to be waved within the electromagnetic field range of the reader to read and store information in the chip.

North America contributes significantly to the smart badge market, derived primarily from the US. Moreover, the region is technologically advanced and is one of the early adopters of emerging technologies. North America is home to some major vendors of smart badges. High demand for smart badges from various verticals, such as event and entertainment, is driving the growth of the market in the region.