“Smart Card IC Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on smart card ic market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for smart card ic ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The smart card ic market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 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
- Companies Mentioned: Infineon Technologies AG; NXP Semiconductors N.V; Samsung Group; STMicroelectronics; CEC Huada Electronic Design Co Ltd
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the smart card ic market are Infineon Technologies AG, NXP Semiconductors N.V, Samsung Group, STMicroelectronics, CEC Huada Electronic Design Co Ltd., Toshiba Corporation, On Semiconductor Corporation, Eastcompeace Technology Co Ltd., Valid S.A., Microchip Technology Incorporated, Analog Devices Inc., Sony Group Corporation, EM Microelectronic, Watchdata Technologies Ptd Ltd., and CardLogix Corporation.
The global smart card IC market is expected to grow from $2.61 billion in 2022 to $2.81 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart card IC market is expected to reach $3.67 billion in 2027 at a CAGR of 7%.
The smart cards IC market consists of sales of dual interface cards, memory-based smart cards, microprocessor-based smart cards, and hybrid smart cards that are used for identification, authentication, access control, and payments. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
A smart card IC (integrated circuit) is a microprocessor chip that is embedded within a smart card, a small plastic card with the size and shape of a credit card. Smart cards have the ability to store and process data, allowing them to perform various functions such as identification, authentication, access control, and payment.
Asia-Pacific was the largest region in the smart card IC market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of smart card IC are microcontroller and memory. A microcontroller is a small integrated circuit that controls a single process in an embedded system. Its architecture includes 16-bit and 32-bit with interfaces such as contact, contactless, and dual interface used for various applications such as USIMs/e-SIMs, ID cards, financial cards, and IoT devices. It is used in telecommunications, BFSI, government and healthcare, transportation, education, retail, and others.
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 utilised in a contactless transaction to store and process payment information such as the cardholder's account details and the transaction amount. For instance, in May 2020, according to the report published by Visa, a US-based financial service company, tap to pay transactions in commonplace markets like supermarket and pharmacy have increased by more than 100% year over year. Addtionally, in March 2020, 31 million Americans used a digital wallet or contactless Visa card. Therefore, the rising contactless payment is driving the smart card ic market.
Product innovation is a key trend 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.
In August 2021, Analog Devices Inc., a US-based company that deals with analog, mixed-signal, and digital signal processing (DSP) integrated circuits acquired Maxim Integrated for an undisclosed amount. With the help of this acquisition, Analog Devices would expand its product portfolio and customer base which would allow the company to leverage its expertise in signal processing and data conversion for addressing new markets and applications. Maxim Integrated is a US-based company that designs, develops, manufactures, smart cards IC, and markets linear and mixed-signal integrated circuits.
The countries covered in the smart cards IC market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The smart card IC market research report is one of a series of new reports from The Business Research Company that provides smart card IC market statistics, including smart card IC industry global market size, regional shares, competitors with a smart card IC market share, detailed smart card IC market segments, market trends, and opportunities, and any further data you may need to thrive in the smart card IC industry. This smart card IC market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Smart Card IC Market Characteristics
3. Smart Card IC Market Trends And Strategies
4. Smart Card IC Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Smart Card IC Market
- 4.2. Ukraine-Russia War Impact On Smart Card IC Market
- 4.3. Impact Of High Inflation On Smart Card IC Market
5. Smart Card IC Market Size And Growth
- 5.1. Global Smart Card IC Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Smart Card IC Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Smart Card IC Market Segmentation
- 6.1. Global Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Microcontroller
- Memory
- 6.2. Global Smart Card IC Market, Segmentation By Architecture, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16-bit
- 32-bit
- 6.3. Global Smart Card IC Market, Segmentation By Interface, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Contact
- Contactless
- Dual Interface
- 6.4. Global Smart Card IC Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- USIMs/e-SIMs
- Id Cards
- Financial Cards
- Iot Devices
- 6.5. Global Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Telecommunications
- BFSI
- Government and Healthcare
- Transportation
- Education
- Retail
- Other Industries
7. Smart Card IC Market Regional And Country Analysis
- 7.1. Global Smart Card IC Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Smart Card IC Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Smart Card IC Market
- 8.1. Asia-Pacific Smart Card IC Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Smart Card IC Market
- 9.1. China Smart Card IC Market Overview
- 9.2. China Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Smart Card IC Market
- 10.1. India Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Smart Card IC Market
- 11.1. Japan Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Smart Card IC Market
- 12.1. Australia Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Smart Card IC Market
- 13.1. Indonesia Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Smart Card IC Market
- 14.1. South Korea Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Smart Card IC Market
- 15.1. Western Europe Smart Card IC Market Overview
- 15.2. Western Europe Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Smart Card IC Market
- 16.1. UK Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Smart Card IC Market
- 17.1. Germany Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Smart Card IC Market
- 18.1. France Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Smart Card IC Market
- 19.1. Eastern Europe Smart Card IC Market Overview
- 19.2. Eastern Europe Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Smart Card IC Market
- 20.1. Russia Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Smart Card IC Market
- 21.1. North America Smart Card IC Market Overview
- 21.2. North America Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Smart Card IC Market
- 22.1. USA Smart Card IC Market Overview
- 22.2. USA Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Smart Card IC Market
- 23.1. South America Smart Card IC Market Overview
- 23.2. South America Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Smart Card IC Market
- 24.1. Brazil Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Smart Card IC Market
- 25.1. Middle East Smart Card IC Market Overview
- 25.2. Middle East Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Smart Card IC Market
- 26.1. Africa Smart Card IC Market Overview
- 26.2. Africa Smart Card IC Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Smart Card IC Market, Segmentation By Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Smart Card IC Market Competitive Landscape And Company Profiles
- 27.1. Smart Card IC Market Competitive Landscape
- 27.2. Smart Card IC Market Company Profiles
- 27.2.1. Infineon Technologies AG
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. NXP Semiconductors N.V
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Samsung Group
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. STMicroelectronics
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. CEC Huada Electronic Design Co Ltd
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Smart Card IC Market
29. Smart Card IC Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer