The Smart Card IC by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Smart Card IC, The smart card ic market size has grown strongly in recent years. It will grow from $2.81 billion in 2023 to $3.01 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to rise in cashless transactions, increased focus on data security, global migration towards emv standards, expansion of healthcare id solutions, government initiatives for e-governance.
The smart card ic market size is expected to see strong growth in the next few years. It will grow to $4.1 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to increasing adoption of wearables, expansion of smart cities initiatives, contactless access control systems, growth in mobile payments, integration in national identification programs. Major trends in the forecast period include innovation in payment technologies, contactless technology adoption, internet of things (iot) integration, multi-application cards, cryptocurrency hardware wallets.
The rise in contactless payments is expected to boost the growth of the smart card IC market going forward. Contactless payment is a payment technique that does not involve physical touch with a card reader or terminal when using a credit card, debit card, or other sort of payment card. It allows the payment card or device to communicate wirelessly with the payment terminal via radio frequency (RF) signals. Smart cards are plastic cards with an embedded integrated circuit (IC) chip that saves and processes information. They are used in a range of applications such as identity, payment, and access control. The smart card IC is utilized in a contactless transaction to store and process payment information such as the cardholder's account details and the transaction amount. For instance, in February 2023, according to Barclays, a UK-based bank, in 2022, the average UK contactless user conducted 220 'touch and go' transactions, marking an increase from 180 transactions in 2021. Therefore, the rising contactless payment is driving the smart card IC market.
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The smart card ic market covered in this report is segmented –
1) By Type: Microcontroller, Memory
2) By Architecture: 16-bit, 32-bit
3) By Interface: Contact, Contactless, Dual Interface
4) By Application: USIMs/e-SIMs, Id Cards, Financial Cards, Iot Devices
5) By Industry: Telecommunications, BFSI, Government and Healthcare, Transportation, Education, Retail, Other Industries
Top Major Players:
- Infineon Technologies AG
- NXP Semiconductors N.V
- Samsung Group
- STMicroelectronics N.V.
- CEC Huada Electronic Design Co Ltd.
Asia-Pacific was the largest region in the smart card IC market in 2023.
Product innovation is gaining popularity in the smart card IC market. Major companies operating in the smart card IC market are focused on developing innovative products to strengthen their position in the market. For instance, in June 2022, ST Microelectronics NV, a Switzerland-based company that designs and manufactures a wide range of electronic and electromechanical products launched ST4SIM-201 embedded SIM (eSIM), which is a small, secure, and flexible SIM card that is designed specifically for machine-to-machine (M2M) communication. The ST4SIM-201 eSIM is designed to enable M2M communication in a range of applications, including smart meters, connected cars, and industrial automation. It is based on the ST33J2M0 secure microcontroller, which includes hardware-based security features to protect against cyber threats and unauthorized access. The eSIM also supports over-the-air (OTA) updates, which allows it to be remotely reconfigured and updated without the need for physical access.
The smart card ic market report table of contents includes:
1. Executive Summary
2. Smart Card IC Market Characteristics
3. Global Smart Card IC Market Trends And Strategies
4. Smart Card IC Market - Macro Economic Scenario
5. Global Smart Card IC Market Size and Growth
…….
26. Global Smart Card IC Market Competitive Benchmarking
27. Global Smart Card IC Market Competitive Dashboard
28. Key Mergers and Acquisitions Smart Card IC Market
29. Smart Card IC Market Future Outlook and Potential Analysis
30. Appendix
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Report on World Smart Card IC Market by Product Type, Market, Players and Regions-Forecast to 2025 by DecisionDatabases.comSmart Card IC market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving revenue growth and profitability.The industry report lists the leading competitors and provides the insights strategic industry analysis of the key factors influencing the market.The report includes the forecasts, analysis and discuion of important industry trends, market size, market share estimates and profiles of the leading industry players.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/47374-world-smart-card-ic-market-reportThe players mentioned in our reportInfineon Technologies AGNXPON SemiconductorRenesas TechnologySamsungEM MicroelectronicHT MicronSTMicroelectronicsTIAtmelPhilipsShanghai Huahong Integrated CircuitsTMCDatangFudan microelectronicsGlobal Smart Card IC Market: Product Segment AnalysisMemory ICLogic Security ICCPU ICGlobal Smart Card IC Market: Application Segment AnalysisTelecomBankingSocial SecurityIdentificationTransportOthers ApplicationsGlobal Smart Card IC Market: Regional Segment AnalysisUSAEuropeJapanChinaIndiaSouth East AsiaDownload Free Sample Report of World Smart Card IC Market @ https://www.decisiondatabases.com/contact/download-sample-47374There are 10 Chapters to deeply display the World Smart Card IC market.Chapter 1 About the Smart Card IC IndustryChapter 2 World Market Competition LandscapeChapter 3 World Smart Card IC Market shareChapter 4 Supply ChainChapter 5 Company ProfilesChapter 6 Globalisation & TradeChapter 8 Import, Export, Consumption and Consumption Value by Major CountriesChapter 9 World Smart Card IC Market Forecast through 2025Chapter 10 Key succe factors and Market OverviewPurchase the complete World Smart Card IC Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-47374Other Reports by DecisionDatabases.com:World Smart Pet Collar Market Research Report 2024 (Covering USA, Europe, China, Japan, India and etc)World Smart Mattress Market Research Report 2024 (Covering USA, Europe, China, Japan, India and etc)About-Us:DecisionDatabases.com is a global business research report provider, enriching decision makers and strategists with qualitative statistics.
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Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The statistics are represented in graphical format for a clear understanding on facts and figures.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
Latest released the research study on Global IC Card Chip Market, offers a detailed overview of the factors influencing the global business scope.
The chip is able to hold card information.
The Global IC Card Chip Market segments and Market Data Break Down are illuminated below: by Type (EEPROM, EEPROM with Encryption Logic, CPU, Others), Application (Contact IC Card, No-contact IC Card, Dual Interface IC Card) Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & AfricaCountry Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
What benefits does AMA research studies provides?Latest industry influencing trends and development scenarioOpen up New MarketsTo Seize powerful market opportunitiesKey decision in planning and to further expand market shareIdentify Key Business Segments, Market proposition & Gap AnalysisAssisting in allocating marketing investmentsStrategic Points Covered in Table of Content of Global IC Card Chip Market:Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the IC Card Chip marketChapter 2: Exclusive Summary – the basic information of the IC Card Chip Market.Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the IC Card ChipChapter 4: Presenting the IC Card Chip Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020Chapter 6: Evaluating the leading manufacturers of the IC Card Chip market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company ProfileChapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source Finally, IC Card Chip Market is a valuable source of guidance for individuals and companies in their decision framework.
Data Sources & Methodology The primary sources involves the industry experts from the Global IC Card Chip Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain.
All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
