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FEATURED COMPANIES
- Infineon Technologies AG
- NXP Semiconductors NV
- ON Semiconductor Corp.
- STMicroelectronics NV.
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
Global Smart Card IC Market: About this market
The smart card IC market analysis considers sales from 16-bit and 32-bit microprocessor architecture. The analysis also considers the sales of smart card IC in APAC, Europe, North America, South America, and MEA. In 2018, the 16-bit segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as low cost and the significant adoption of 16-bit microprocessor smart cards in telecommunication and transportation sectors will play a significant role in the telecommunication segment to maintain its market position. Also, the global smart card IC market report looks at factors such as growing demand for electronic ID cards, growing demand for contactless smartcards, and compliance with regulatory requirements. However, uncertainties in the growing use of mobile wallets, the threat to data security, and price wars due to increase in competition may hamper the growth of the smart card IC industry over the forecast period.
Global Smart Card IC Market: Overview
Growing demand for contactless smart cards
Contactless smart cards consist of a chip and an antenna which are composed of sensors that are packaged in standard PVC cards. The demand for contactless cards is increasing due to its speed, ease of use, and versatility. It is mostly used in applications such as public transport for payments, cashless vending and e-passports, and other secure travel documents. This growing demand for contactless smart cards will lead to the expansion of the global smart card IC market at a CAGR of over 8% during the forecast period.
Integration of smart cards with blockchain
Blockchain technology is a digital ledger, which is connected by a list of blocks that store data on a cryptographically secured and decentralized distributed network. The integration of the blockchain with smartcards helps in embedding standard security requirements for storing, generating, and managing the user cryptographic keys in smart card ICs. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global smart card IC market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart card IC manufacturers, that include Infineon Technologies AG, NXP Semiconductors NV, ON Semiconductor Corp., Samsung Electronics Co. Ltd., STMicroelectronics NV.
Also, the smart card IC market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The smart card IC market analysis considers sales from 16-bit and 32-bit microprocessor architecture. The analysis also considers the sales of smart card IC in APAC, Europe, North America, South America, and MEA. In 2018, the 16-bit segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as low cost and the significant adoption of 16-bit microprocessor smart cards in telecommunication and transportation sectors will play a significant role in the telecommunication segment to maintain its market position. Also, the global smart card IC market report looks at factors such as growing demand for electronic ID cards, growing demand for contactless smartcards, and compliance with regulatory requirements. However, uncertainties in the growing use of mobile wallets, the threat to data security, and price wars due to increase in competition may hamper the growth of the smart card IC industry over the forecast period.
Global Smart Card IC Market: Overview
Growing demand for contactless smart cards
Contactless smart cards consist of a chip and an antenna which are composed of sensors that are packaged in standard PVC cards. The demand for contactless cards is increasing due to its speed, ease of use, and versatility. It is mostly used in applications such as public transport for payments, cashless vending and e-passports, and other secure travel documents. This growing demand for contactless smart cards will lead to the expansion of the global smart card IC market at a CAGR of over 8% during the forecast period.
Integration of smart cards with blockchain
Blockchain technology is a digital ledger, which is connected by a list of blocks that store data on a cryptographically secured and decentralized distributed network. The integration of the blockchain with smartcards helps in embedding standard security requirements for storing, generating, and managing the user cryptographic keys in smart card ICs. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global smart card IC market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart card IC manufacturers, that include Infineon Technologies AG, NXP Semiconductors NV, ON Semiconductor Corp., Samsung Electronics Co. Ltd., STMicroelectronics NV.
Also, the smart card IC market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Infineon Technologies AG
- NXP Semiconductors NV
- ON Semiconductor Corp.
- STMicroelectronics NV.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 08: MARKET SEGMENTATION BY MICROPROCESSOR ARCHITECTURE
PART 09: GEOGRAPHIC LANDSCAPE
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
List of Exhibits
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Infineon Technologies AG
- NXP Semiconductors NV
- ON Semiconductor Corp.
- STMicroelectronics NV.
The following companies are recognised as the key players in the global smart card IC market: Infineon Technologies AG, NXP Semiconductors NV, ON Semiconductor Corp., Samsung Electronics Co. Ltd., STMicroelectronics NV.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the integration of smart cards with blockchain.”
According to the report, one of the major drivers for this market is the growing demand for contactless smart cards.
Further, the report states that one of the major factors hindering the growth of this market is the price wars due to increase in competition
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the integration of smart cards with blockchain.”
According to the report, one of the major drivers for this market is the growing demand for contactless smart cards.
Further, the report states that one of the major factors hindering the growth of this market is the price wars due to increase in competition
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Infineon Technologies AG
- NXP Semiconductors NV
- ON Semiconductor Corp.
- Samsung Electronics Co. Ltd.
- STMicroelectronics NV.
Note: Product cover images may vary from those shown
