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Smart Card IC Market Report 2018: Trends, Forecast and Competitive Analysis 2012-2023 - ResearchAndMarkets.com

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The "Smart
Card IC Market Report: Trends, Forecast and Competitive Analysis"

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The global smart card IC market is expected to reach an estimated $4.3
billion by 2023 with a CAGR of 4.0% from 2018 to 2023

The future of the smart card integrated circuit (IC) market looks
attractive with opportunities in telecommunication, payment and banking,
transportation, e-government, and others. The major drivers for the
growth of this market are increasing usage of Subscriber Identification
Module (SIM) cards for mobile phones, growing adoption of electronic
identification cards for various e-governance projects, and increasing
usage of smart cards in payment and banking industries.

Emerging trends, which have a direct impact on the dynamics of the smart
card IC industry, include the development of smart card IC that can
provide more security and integration of smart cards with biometrics.

In this market two types of cards, such as microcontroller and memory
based are used. Microcontroller based smart card IC will remain the
largest type, and it is expected to witness the highest growth during
the forecast period as it enables secure payment facilities,
authentication, and information storage for consumers.

The global smart card IC market is being used in various end use
industries, such as e-government, telecommunication, transportation,
payment and banking, and others. Telecommunication will remain the
largest application segment during the forecast period supported by the
rising adoption for subscriber identity modules (SIM) cards for mobile
phones.

Asia Pacific is expected to be the largest region over the forecast
period supported by increasing demand for smartphones in China and
India. The government of various Asian countries mandates smart card IC
in national ID cards, driving licenses, and other government
identification cards, which is expected to drive the Asian smart card IC
market during the forecast period.

Some of the smart card IC companies profiled in this report include
Infineon Technologies AG, NXP Semiconductor, Samsung Electronics,
STMicroelectronics, and CEC Huada Electronic Design Co. Ltd and others.

Scope of the Report

Smart Card IC Market by Card Type [$M shipment analysis from
2012 to 2023]:

  • Microcontroller
  • Memory

Smart Card IC Market by Type of Interface [$M shipment analysis
from 2012 to 2023]:

  • Contact
  • Contactless
  • Others

Smart Card IC Market by End Use Industry [$M shipment analysis
from 2012 to 2023]:

  • E-Government
  • Telecommunication
  • Transportation
  • Payment and Banking
  • Others

Key Topics Covered:

1. Executive Summary

2. Market Background and Classifications

3. Market Trends and Forecast Analysis from 2012 to 2023

4. Market Trends and Forecast Analysis by Region

5. Competitor Analysis

6. Growth Opportunities and Strategic Analysis

7. Company Profiles of Leading Players

  • CEC Huada Electronic Design Co., Ltd.
  • EM Microelectronic-Marin SA
  • Infineon Technologies AG
  • NXP Semiconductors N.V.
  • On Semiconductor Corporation
  • STMicroelectronics
  • Samsung

For more information about this report visit https://www.researchandmarkets.com/research/4wv5wb/smart_card_ic?w=4

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