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The future of the global 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 $3.6 billion by 2027 with a CAGR of 3.5% from 2021 to 2027. 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.
Smart Card IC Market by Card, Interface, and End Use Industry

Emerging Trends in the Global Smart Card IC Market

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.
A total of 65 figures / charts and 57 tables are provided in this 131-page report to help in your business decisions. A sample figure with insights is shown below. 
Smart Card IC Market by Segments

Global Smart Card IC Market by Segment

The study includes a forecast for the global smart card IC Market by card type, interface type, by end use industry, and region as follows:

By Card Type [$B shipment analysis from 2016 to 2027]:

  • Microcontroller
  • Memory

By Type of Interface [$B shipment analysis from 2016 to 2027]:

  • Contact
  • Contactless
  • Others

By End Use Industry [$B shipment analysis from 2016 to 2027]:

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

By Region [$B shipment analysis for 2016 – 2027]:

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • United Kingdom
  • Germany
  • France
  • Asia Pacific
  • China
  • India
  • The Rest of the World

List of Global Smart Card IC Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their new product developments, partnerships, mergers & acquisition, and leverage integration opportunities across the value chain. With these strategies smart card IC companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart card IC companies profiled in this report include.
  • Infineon Technologies AG
  • NXP Semiconductor N.V.
  • Samsung
  • STMicroelectronics
  • CEC Huada Electronic Design Co., Ltd.
  • EM Microelectronic-Marin SA
  • On Semiconductor Corporation

Global Smart Card IC Market Insight

  • Lucintel forecasts that 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.
  • Telecommunication will remain the largest application over the forecast period.
  • Asia Pacific will remain the largest region and it is also expected to witness highest growth over the forecast period.

Features of Global Smart Card IC Market

  • Market Size Estimates: Global smart card IC market size estimation in terms of value ($B)
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Market size by interface type, card type, y end use industry and region
  • Regional Analysis: Global smart card IC market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in interface type, card type, y end use industry and region
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the global smart card IC market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the global smart card IC market size?
Answer: The global smart card IC market is expected to reach an estimated $3.6 billion by 2027         
Q2. What is the growth forecast for global smart card IC market?
Answer: The Global smart card IC market is expected to grow at a CAGR of 3.5% from 2021 to 2027. 
Q3. What are the major drivers influencing the growth of the global smart card IC market?
Answer: 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.
Q4. What are the major applications or end use industries for global smart card IC market?
Answer: Telecommunication, Payment & Banking, E-Government are the major application for global smart card IC market.          
Q5. What are the emerging trends in global smart card IC market?
Answer 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.
Q6. Who are the key global smart card IC companies?
Answer: Some of the key global smart card IC companies are as follows:
  • Infineon Technologies AG
  • NXP Semiconductor N.V.
  • Samsung
  • STMicroelectronics
  • CEC Huada Electronic Design Co., Ltd.
  • EM Microelectronic-Marin SA
  • On Semiconductor Corporation
Q7. Which global smart card IC product segment will be the largest in future?
Answer: Lucintel forecasts that 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.
Q8. In Global smart card IC market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years          
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 

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 by Interface type (contact, contactless and others), by card type (memory and microcontroller), 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 the 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?
 
For any questions related to smart card IC market or related to- smart card reader, smart cards, smart health card reader, smart chips, embedded card, smart card connector, smart chips, smart card IC companies, smart card IC market size, smart card IC market share, smart card IC analysis, write Lucintel analyst at email: helpdesk@lucintel.com  we will be glad to get back to you soon.

Table of Contents
 
1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends and Forecast
3.2: Global Smart Card IC Market Trends and Forecast
3.3: Global Smart Card IC Market by Card Type
3.3.1: Memory
3.3.2: Microcontroller
3.4: Global Smart Card IC Market by Interface
3.4.1: Contact Interface
3.4.2: Contactless Interface
3.4.3: Other Interfaces
3.5: Global Smart Card IC Market by End Use Industry
3.5.1: E-Government
3.5.2: Telecommunication
3.5.3: Transportation
3.5.4: Payment and Banking
3.5.5: Others
 
4. Market Trends and Forecast Analysis by Region
4.1: Global Smart Card IC Market by Region
4.2: North American Smart Card IC Market
4.2.1: North American Smart Card IC Market by End Use Industry
4.2.2: The US Smart Card IC Market
4.2.3: The Canadian Smart Card IC Market
4.2.4: The Mexican Smart Card IC Market
4.3: European Smart Card IC Market
4.3.1: European Smart Card IC Market by End Use Industry
4.3.2: German Smart Card IC Market
4.3.3: UK Smart Card IC Market
4.3.4: French Smart Card IC Market
4.4: APAC Smart Card IC Market
4.4.1: APAC Smart Card IC Market by End Use Industry
4.4.2: Chinese Smart Card IC Market
4.4.3: Indian Smart Card IC Market
4.5: ROW Smart Card IC Market
4.5.1: ROW Smart Card IC Market by End Use Industry
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Geographical Reach
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Smart Card IC Market by End Use Industry
6.1.2: Growth Opportunities for the Global Smart Card IC Market by Card Type
6.1.3: Growth Opportunities for the Global Smart Card IC Market by Interface Type
6.1.4: Growth Opportunities for the Global Smart Card IC Market by Region
6.2: Emerging Trends in the Global Smart Card IC Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Geographical Expansion
6.3.3: Acquisitions and Partnership in the Global Smart Card IC Market
 
7. Company Profiles of Leading Players
7.1: Infineon Technologies AG
7.2: NXP Semiconductors N.V.
7.3: Samsung
7.4: STMicroelectronics
7.5: CEC Huada Electronic Design Co., Ltd.
7.6: EM Microelectronic-Marin SA
7.7: On Semiconductor Corporation
 
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Full Report: Smart Card IC Market Report: Trends, Forecast and Competitive Analysis [2022-2027] Full Report $ 4,850
74 figures/charts and 57 tables are provided in this 137- page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.