The global smart card IC market size reached US$ 3.0 Billion in 2023. Looking forward, the market is projected to reach US$ 4.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.86% during 2023-2032. The increasing number of debit and credit card users, rising usage in small and medium-scale enterprises (SMEs), and the growing employment of IoT devices represent some of the key factors driving the market.
A smart card integrated circuit (IC), also known as a chip card, is embedded in a plastic card and serves as a service token for storing and transacting data between users. It is associated with value and information and stored and processed within memory and microprocessor card chip. It is commonly available in microcontroller and memory variants. Among these, the microcontroller smart card IC comprises a central processing unit (CPU), crystal oscillator, timers, watchdog, and analog input and output. It helps reduce the complexity, costs, size of circuits, and discrete components in embedded systems. On the other hand, the memory smart card IC is dependent on the card reader for their processing and suitable for uses wherein the card performs a fixed operation.
Apart from this, the growing adoption of smart employee identification (ID) cards in small and medium-scale enterprises (SMEs) for securing access to physical facilities and computer systems and networks is influencing the market positively. Furthermore, the increasing use of contactless smart card IC for public transportation is contributing to the market growth.
Besides this, the rising use of smart card IC in the healthcare industry to manage patient identity, provide practitioners and pharmacists secure access to their medical records and reduce fraud is strengthening the growth of the market. Additionally, the increasing use of smart card IC in eSIM or SIM for various internet of things (IoT) devices to authenticate user identity and store data is creating a positive outlook for the market.
A smart card integrated circuit (IC), also known as a chip card, is embedded in a plastic card and serves as a service token for storing and transacting data between users. It is associated with value and information and stored and processed within memory and microprocessor card chip. It is commonly available in microcontroller and memory variants. Among these, the microcontroller smart card IC comprises a central processing unit (CPU), crystal oscillator, timers, watchdog, and analog input and output. It helps reduce the complexity, costs, size of circuits, and discrete components in embedded systems. On the other hand, the memory smart card IC is dependent on the card reader for their processing and suitable for uses wherein the card performs a fixed operation.
Smart Card IC Market Trends
The increasing adoption of cashless transactions on account of rapid digitization, rising sales of smartphones and high-speed internet connectivity represents one of the key factors driving the demand for smart card IC around the world. Moreover, there is an increase in the number of debit and credit card users as they provide secured transactions and security. This, coupled with cashbacks and discount vouchers offered by banks of numerous countries to small and medium-sized merchants for encouraging digital transactions. In addition, the rising number of e-commerce websites and increasing preferences for online shopping is driving the adoption of smart card IC worldwide.Apart from this, the growing adoption of smart employee identification (ID) cards in small and medium-scale enterprises (SMEs) for securing access to physical facilities and computer systems and networks is influencing the market positively. Furthermore, the increasing use of contactless smart card IC for public transportation is contributing to the market growth.
Besides this, the rising use of smart card IC in the healthcare industry to manage patient identity, provide practitioners and pharmacists secure access to their medical records and reduce fraud is strengthening the growth of the market. Additionally, the increasing use of smart card IC in eSIM or SIM for various internet of things (IoT) devices to authenticate user identity and store data is creating a positive outlook for the market.
Key Market Segmentation
This report provides an analysis of the key trends in each segment of the global smart card IC market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, interface, architecture type, application, and end use industry.Type Insights:
- Microcontroller
- Memory
Interface Insights:
- Contact
- Contactless
- Dual Interface
Architecture Type Insights:
- 16-Bit
- 32-Bit
- Others
Application Insights:
- USIM/eSIMs
- ID Cards
- Employee ID
- Citizen ID
- E-Passport
- Driving License
- Financial Cards
- Credit Cards
- Debit Cards
- IoT Devices
End Use Industry Insights:
- E-Government
- Telecommunication
- Transportation
- Payment and Banking
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global smart card IC market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Analog Devices Inc, CardLogix Corporation, CEC Huada Electronic Design Co. Ltd., Eastcompeace Technology Co. Ltd., Imatric LLC, On Semiconductor Corporation, Shanghai Fudan Microelectronics Group Co. Ltd., SONY Group Corporation, STMicroelectronics N.V., Texas Instruments Incorporated, Toshiba Corporation, Watchdata Technologies Pte Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
- How has the global smart card IC market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global smart card IC market?
- What are the key regional markets?
- Which countries represent the most attractive smart card IC markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the interface?
- What is the breakup of the market based on the architecture type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end use industry?
- What is the competitive structure of the global smart card IC market?
- Who are the key players/companies in the global smart card IC market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Smart Card IC Market
6 Market Breakup by Type
7 Market Breakup by Interface
8 Market Breakup by Architecture Type
9 Market Breakup by Application
10 Market Breakup by End Use Industry
11 Market Breakup by Region
12 Drivers, Restraints, and Opportunities
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Analog Devices Inc
- CardLogix Corporation
- CEC Huada Electronic Design Co. Ltd.
- Eastcompeace Technology Co. Ltd.
- Imatric LLC
- On Semiconductor Corporation
- Shanghai Fudan Microelectronics Group Co. Ltd.
- SONY Group Corporation
- STMicroelectronics N.V.
- Texas Instruments Incorporated
- Toshiba Corporation
- Watchdata Technologies Pte Ltd.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 135 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 3 Billion |
| Forecasted Market Value ( USD | $ 4.6 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
