According to a new market report published by
Lucintel, 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.
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 smart card IC market is categorized into three interface types: contact, contactless,
and others. The contactless interface will be the largest interface type, as it
provides more storage, speed, convenience, and secure reading and writing of
data.
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.
Emerging trends, which have a direct impact
on the dynamics of the industry, include the development
of smart card IC that can provide more security and integration of smart cards with biometrics. Infineon Technologies
AG, NXP Semiconductor, Samsung Electronics, STMicroelectronics, and CEC Huada
Electronic Design Co. Ltd are among the major smart card IC providers.
Lucintel, a leading global strategic
consulting and market
research firm, has
analyzed the global smart card IC market by card type, type of interface, end use industry, and region and has come up
with a comprehensive research report entitled “Growth Opportunities
in the Global Smart Card IC Market 2018-2023: Trends, Forecast, and Opportunity
Analysis.” The Lucintel
report serves as a catalyst for growth
strategy as it provides comprehensive data and analysis on trends, key drivers,
and directions. The study includes a forecast for the global smart card IC by card
type, type of interface, end use industry,
and region as follows:
By Card Type
[$M shipment analysis from 2012 to 2023]:
·
Microcontroller
·
Memory
By Type of
Interface [$M shipment analysis from 2012 to 2023]:
·
Contact
·
Contactless
·
Others
By End Use Industry [$M shipment analysis from
2012 to 2023]:
·
E-Government
·
Telecommunication
·
Transportation
·
Payment and
Banking
·
Others
By Region [$M shipment analysis for 2012 –
2023]:
·
North
America
Ø United States
Ø Canada
Ø Mexico
·
Europe
Ø United Kingdom
Ø Germany
Ø France
·
Asia Pacific
Ø China
Ø India
·
The Rest of
the World
This 137-page research report will enable you
to make confident business decisions in this globally competitive marketplace.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
Lucintel
offerings include Telecommunication
Report, Telecommunication
Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Matrix.
About Lucintel
Lucintel, the premier global management
consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
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 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)?
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 market?
Q.5 What are the business risks and threats
to the market?
Q.6 What are the emerging trends in this
market and reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this 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?
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