Global Smart Card IC Market Trends, Forecast and Competitive Analysis 2018-2023 with Profiles of Infineon Technologies, NXP Semiconductor, Samsung, STMicroelectronics, and CEC Huada Electronic Design

DUBLIN, Aug. 10, 2018 /PRNewswire/ --

The "Smart Card IC Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

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 future of the smart card integrated circuit (IC) market looks attractive with opportunities in telecommunication, payment and banking, transportation, e-government, and others. 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.

Emerging trends, which have a direct impact on the dynamics of the smart card IC industry, include the development of smart card IC that can provide more security and integration of smart cards with biometrics.

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 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.

Some of the smart card IC companies profiled in this report include Infineon Technologies AG, NXP Semiconductor, Samsung Electronics, STMicroelectronics, and CEC Huada Electronic Design Co. Ltd and others.

Scope of the Report

Smart Card IC Market by Card Type [$M shipment analysis from 2012 to 2023]:

• Microcontroller
• Memory

Smart Card IC Market by Type of Interface [$M shipment analysis from 2012 to 2023]:

• Contact
• Contactless
• Others

Smart Card IC Market by End Use Industry [$M shipment analysis from 2012 to 2023]:

• E-Government
• Telecommunication
• Transportation
• Payment and Banking
• Others

Some of the features of Smart Card IC Market Report: Trends, Forecast and Competitive Analysis include:

• Market size estimates: Global smart card IC market size estimation in terms of value ($M) shipment.
• Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by application, and end use industry.
• Segmentation analysis: Global smart card IC market size by various applications such as card type, type of interface, and end use industry in terms of value and volume shipment.
• Regional analysis: Global smart card IC market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth opportunities: Analysis on growth opportunities in different applications and regions of smart card IC in the global smart card IC market.
• Strategic analysis: This includes M&A, new product development, and competitive landscape of smart card IC in the global smart card IC market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

Key Topics Covered:

1. Executive Summary

2. Market Background and Classifications

3. Market Trends and Forecast Analysis from 2012 to 2023

4. Market Trends and Forecast Analysis by Region

5. Competitor Analysis

6. Growth Opportunities and Strategic Analysis

7. Company Profiles of Leading Players

• CEC Huada Electronic Design Co., Ltd.
• EM Microelectronic-Marin SA
• Infineon Technologies AG
• NXP Semiconductors N.V.
• On Semiconductor Corporation
• STMicroelectronics
• Samsung

For more information about this report visit https://www.researchandmarkets.com/research/nc8p2n/global_smart_card?w=5

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