Market Overview

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

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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

PR Newswire

NEW YORK, August 8, 2018 /PRNewswire/ -- Trends, opportunities and forecast in smart card IC market to 2023 by card type (microcontroller and memory), by type of interface (contact, contactless, and others), by end use industry (e-government, telecommunication, transportation, payment and banking, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)

Read the full report: https://www.reportlinker.com/p05483283

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 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 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.

- smart card market by card type

- smart card market

- market share analysis

The study includes the smart card IC market size and forecast for the global smart card IC market thorough 2023, segmented by card type, type of interface, end use industry, and region as follows:

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

Smart Card IC Market by Region [$M shipment analysis for 2012 – 2023]:
North America United States Canada Mexico Europe United Kingdom Germany France Asia Pacific China India The Rest of the World
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.

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 features of "Smart Card IC Market Report: Trends, Forecast and Competitive Analysis" include:
Market size estimates: Global smart card IC market size estimation in terms of value (NYSE:M) shipment.
Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by application, and end use industry.
Segmentation analysis: Global smart card IC market size by various applications such as card type, type of interface, and end use industry in terms of value and volume shipment.
Regional analysis: Global smart card IC market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions of smart card IC in the global smart card IC market.
Strategic analysis: This includes M&A, new product development, and competitive landscape of smart card IC in the global smart card IC market. Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global smart card IC market by card type (microcontroller and memory), by type of interface (contact, contactless, and ot¬¬¬-hers), by end use industry (e-government, telecommunication, transportation, payment and banking, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the smart card IC market?
Q.5 What are the business risks and threats to the smart card IC market?
Q.6 What are the emerging trends in this smart card IC market and reasons behind them?
Q.7 What are some changing demands of customers in the smart card IC market?
Q.8 What are the new developments in the smart card IC market? Which companies are leading these developments?
Q.9 Who are the major players in this smart card IC market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years in this smart card IC market?

Read the full report: https://www.reportlinker.com/p05483283

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