Smart Card IC Market Size, Trends and Insights By Type (Microcontroller, Memory), By Interface (Contact, Contactless, Dual Interface), By Application (USIMs/eSIMSs, ID Cards, Financial Cards, IoT Devices), By End-User (Telecommunications, BFSI, Government & Healthcare, Transport, Education, Retail, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI35782

Published Date: December 2023

Pages: 320+

Category: Semiconductors & Electronics

Report Snapshot

CAGR: 5.3%
2B
2022
2.2B
2023
4.14B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • NXP Semiconductors
  • Infineon Technologies
  • STMicroelectronics
  • Gemalto (now part of Thales Group)
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the global Smart Card IC Market is expected to record a CAGR of 5.3% from 2023 to 2032. In 2023, the market Interface is projected to reach a valuation of USD 2.2 Billion. By 2032, the valuation is anticipated to reach USD 4.14 Billion.

Feature NXP Mifare DESFire EV1 STMicroelectronics MIFARE Plus Infineon SLE7816
Memory 2KB SRAM 2KB SRAM 1KB SRAM
8KB EEPROM 8KB EEPROM 8KB EEPROM
16KB Flash 16KB Flash
Interfaces ISO 7816 (contact/contactless), T=0, T=1, T=2 ISO 7816 (contact/contactless), FeliCa ISO 7816 (contact), SPI
50kHz, 13.56MHz 13.56MHz 13.56MHz
Security AES, ECC, RSA AES, ECC, RSA 3DES, AES, RSA
Key lengths up to 256 bits Key lengths up to 256 bits Key lengths up to 2048 bits
Power consumption 3V 3V 3V
120µA active, <5µA sleep 50µA active, 1µA sleep 15µA active, 0.1µA sleep
Physical SOIC-8 MIFARE Plus (contact), MIFARE Plus SLIP (contactless) SOT-23-6
2.0mm x 2.5mm 15x15mm 3.5×3.5mm
-40°C to 85°C -40°C to 125°C -40°C to 85°C

The Smart Card IC market involves integrated circuits embedded in smart cards for secure data storage and processing. Its nature encompasses diverse applications, from financial transactions to identity authentication. Past trends included the rise of contactless payments and robust security features.

Presently, the market is shaped by the integration of IoT, a surge in biometric authentication, and the influence of smart city initiatives. This dynamic landscape underscores the continuous evolution of technology and the heightened emphasis on secure, efficient, and multifunctional smart card solutions.

Smart Card IC Market – Significant Growth Factors

The Smart Card IC Market presents significant growth opportunities due to several factors:

  • Contactless Technology Adoption: The widespread acceptance of contactless payments and access control systems is a major driver. The opportunity lies in catering to the growing demand for secure and convenient transactions, pushing the development of advanced contactless Smart Card ICs.
  • Biometric Integration: The increasing demand for enhanced security solutions is driving the integration of biometric features into smart cards. This presents opportunities for companies to develop cutting-edge Smart Card ICs with robust biometric authentication capabilities.
  • IoT Integration: With the rise of the Internet of Things (IoT), there’s a demand for Smart Card ICs that seamlessly integrate with connected devices, creating opportunities for companies to develop solutions for IoT-enabled applications like smart cities and connected vehicles.
  • Government ID Programs: Opportunities arise from the expansion of government initiatives implementing smart cards for secure identification. Developing specialized Smart Card ICs for national ID cards and e-passports aligns with this driver, meeting the demands of large-scale government projects.
  • Healthcare Applications: The healthcare sector is increasingly adopting smart cards for secure patient data management. Companies can seize opportunities by developing Smart Card ICs that meet the specific security and data storage requirements of healthcare applications.
  • Mobile Payment Growth: As mobile payment ecosystems expand, there’s a need for Smart Card ICs compatible with mobile devices. Companies can capitalize on this driver by developing solutions that facilitate secure and seamless integration of smart cards with mobile payment platforms, meeting the evolving needs of consumers and businesses.

Smart Card IC Market – Mergers and Acquisitions

The Smart Card IC Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their Type offerings and profitability. Some notable examples of mergers and acquisitions in the Smart Card IC market include:

  • In July 2022, Infineon Technologies AG introduced OPTIGA Trust M Express, a sophisticated security solution establishing a trust anchor for seamless IoT device connectivity to the cloud. Specifically designed for industrial and building automation, as well as smart homes and connected consumer devices, it grants each IoT device a unique identity.
  • In June 2022, STMicroelectronics N.V. launched the ST4SIM-201 embedded SIM (eSIM) tailored for machine-to-machine (M2M) communication. Compliant with the latest 5G network standards, it excels in M2M security and offers flexible remote provisioning and management capabilities.

These mergers and acquisitions have helped companies expand their Type offerings, improve their market presence, and capitalize on growth opportunities in the Smart Card IC Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Smart Card IC Market Thin Film Sensor Market Photomask Market
CAGR 5.3% (Approx) CAGR 5.6% (Approx) CAGR 3.5% (Approx)
USD 4.14 Billion by 2032 USD 5.9 Billion by 2032 USD 6.98 Billion by 2032

Smart Card IC Market – Significant Threats

The Smart Card IC Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Security Concerns: Persistent threats to the security of smart card transactions pose a risk to the market. As technology advances, so do potential vulnerabilities, including hacking, data breaches, and unauthorized access, undermining the trust in smart card systems.
  • Competing Technologies: The emergence of alternative technologies for secure transactions, such as mobile wallets and biometric authentication, poses a threat. If these alternatives gain widespread acceptance, they may reduce the demand for traditional smart card IC solutions.
  • Regulatory Challenges: Evolving regulations and compliance requirements can pose challenges for smart card IC manufacturers. Changes in standards or increased scrutiny may necessitate costly updates to adhere to new guidelines, impacting market dynamics.
  • Lack of Standardization: The absence of universal standards for smart card technology hinders interoperability and creates fragmentation in the market. Without standardized protocols, compatibility issues may arise, limiting the seamless integration of smart card ICs across various applications.
  • Rapid Technological Obsolescence: The fast-paced evolution of technology poses a threat as smart card ICs risk becoming outdated quickly. Manufacturers must continually invest in research and development to keep pace with technological advancements and market demands.
  • Economic Downturns: Economic uncertainties and downturns can impact consumer spending and corporate investments, leading to a decrease in the adoption of smart card IC solutions. Reduced budgets for technology upgrades may hinder market growth during challenging economic periods.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 2.2 Billion
Projected Market Size in 2032 USD 4.14 Billion
Market Size in 2022 USD 2 Billion
CAGR Growth Rate 5.3% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Interface, Application, End-User and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Type:

  • Microcontroller in Smart Card IC Market: In the Smart Card IC Market, a microcontroller is a crucial chip that blends a central processing unit (CPU) with peripheral elements. It acts as the brain of the smart card, managing tasks like secure transactions and identity verification. Recent trends show advancements in microcontrollers, incorporating top-notch security features, heightened processing power, and improved energy efficiency. With the growing popularity of contactless payments and increased smart card adoption across sectors, the demand for these advanced microcontrollers has significantly risen. 
  • Memory in Smart Card IC Market: Memory components in the Smart Card IC Market refer to storage elements within the integrated circuit that store essential data, including user information and application data. These memories are crucial for the proper functioning of smart cards, and supporting applications such as electronic payment, access control, and identification. In recent trends, there’s a growing emphasis on expanding memory capacity to accommodate more extensive datasets and applications. Additionally, advancements include the integration of secure memory technologies to protect sensitive information, addressing the increasing demand for robust security in smart card applications. The evolution of memory in smart card ICs aligns with the broader trend of enhancing data storage capabilities to meet the expanding functionalities of modern smart card applications.

Global Smart Card IC Market 2023–2032 (By Billion)

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By Interface

  • Contact Interface: Contact smart card ICs require physical contact with a card reader for data transmission. These cards have exposed metal contacts that connect with the reader’s contacts, facilitating communication. While widely used in sectors like banking and secure identification, trends indicate a shift towards more advanced interfaces due to concerns about wear and tear on the exposed contacts.
  • Contactless Interface: Contactless smart card ICs enable communication with card readers without physical contact. Utilizing RFID or NFC technology, these cards enhance user convenience and speed up transactions. Trends showcase increased adoption in payment systems, access control, and public transportation, driven by the demand for faster and more efficient transactions, especially in the context of mobile payments and smart city initiatives.
  • Dual Interface: Dual Interface smart card ICs combine both contact and contactless interfaces in a single card. This hybrid approach offers versatility, catering to applications that may require either mode of communication. The trend in the Dual Interface segment reflects its increasing popularity in applications like secure access, identity verification, and public transportation, offering a balanced solution that accommodates diverse user requirements and evolving technological landscapes.

By Application

  • USIMs/eSIMs: USIMs (Universal Subscriber Identity Modules) and eSIMs (embedded Subscriber Identity Modules) are integral components in mobile communication. USIMs store subscriber data for mobile networks, while eSIMs are embedded directly into devices. The trend in the Smart Card IC market for USIMs/eSIMs is shifting towards increased adoption due to the growing prevalence of IoT devices and the expansion of 5G networks. This trend emphasizes the need for secure, programmable, and remotely manageable subscriber identity solutions, enabling seamless connectivity across various devices.
  • ID Cards: ID cards, crucial for personal identification, are evolving in the Smart Card IC market. The ongoing trend involves integrating advanced security features such as biometrics and contactless technology. This enhances ID cards’ effectiveness in safeguarding sensitive information and reducing the risk of identity theft. Furthermore, the trend extends to incorporating multi-application functionalities on a single card, enhancing the efficiency of access control systems and government identification programs.
  • Financial Cards: Financial cards equipped with Smart Card ICs are essential for secure and convenient transactions. The current trend in this segment focuses on enhancing contactless payment capabilities, reinforcing security measures, and adapting to emerging payment technologies. As the financial industry embraces digital transformation, Smart Card ICs in financial cards are evolving to meet the demands of a cashless economy, offering not only secure payment transactions but also loyalty programs and other value-added services.
  • IoT Devices: Smart Card ICs are increasingly embedded in IoT devices to ensure secure communication and data integrity. The trend in this segment involves the integration of robust security features tailored for IoT applications. As the IoT ecosystem expands, Smart Card ICs are adapting to accommodate diverse devices, from smart home appliances to industrial sensors. The trend emphasizes the need for scalable and interoperable solutions, fostering a secure and seamless connection between IoT devices and the broader network. The integration of cryptographic functions and secure key storage is a notable aspect, of ensuring the confidentiality and integrity of data in the IoT landscape.

Global Smart Card IC Market 2023–2032 (By Type)

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By End-User

  • Telecommunications: The telecommunications sector in the Smart Card IC market involves the integration of smart card technology in SIM cards for mobile devices. Trends include the evolution towards embedded SIMs (eSIMs), supporting secure mobile communication and enabling new services like remote SIM provisioning.
  • BFSI (Banking, Financial Services, and Insurance): In BFSI, Smart Card ICs play a pivotal role in secure payment transactions, access control, and identity verification. Trends encompass the adoption of contactless payment cards, multi-application smart cards for diverse financial services, and the integration of advanced security features to counter fraud.
  • Government & Healthcare: Smart Card ICs in government and healthcare sectors are utilized for secure identification, access control, and electronic health records. Trends involve the implementation of national ID programs, e-passports, and health smart cards, contributing to streamlined services and enhanced data security.
  • Transport: The transport sector employs Smart Card ICs in contactless ticketing, access control, and electronic toll collection. Trends include the migration towards contactless smart cards and mobile ticketing solutions, improving convenience and efficiency in public transportation.
  • Education: Smart Card ICs in education facilitate secure access control, campus payments, and student identification. Trends encompass the deployment of smart cards for library services, attendance tracking, and cashless transactions within educational institutions, enhancing overall campus security and efficiency.
  • Retail: In the retail sector, Smart Card ICs are used for loyalty programs, secure payment, and access control. Trends include the adoption of contactless payment terminals, customer loyalty smart cards, and the integration of smart card technology into mobile retail solutions, enhancing the overall retail experience.
  • Others: This category may include a variety of sectors like hospitality, entertainment, and industrial applications. Trends can vary widely, ranging from secure access control in hospitality to smart cards for secure industrial processes, showcasing the adaptability and versatility of Smart Card IC technology across diverse industries.

Smart Card IC Market – Regional Analysis

The Smart Card IC Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region: 

  • North America: In North America, the Smart Card IC market involves advanced solutions for secure transactions, access control, and identification. Trends include the widespread adoption of contactless payment cards, the integration of smart cards into IoT ecosystems, and a focus on enhancing data security measures.
  • Europe: The European Smart Card IC market emphasizes secure payment solutions, e-government initiatives, and advancements in transportation systems. Trends encompass the proliferation of dual-interface cards, the expansion of e-passport programs, and increased adoption in healthcare applications.
  • Asia-Pacific: In Asia-Pacific, Smart Card ICs are widely used in mobile payments, smart cities, and government digital projects. Notable trends include the dominance of mobile-based payment solutions, the rapid adoption of contactless technology, and the integration of smart cards in transportation and healthcare.
  • LAMEA: LAMEA’s Smart Card IC market features applications in secure financial transactions, government ID programs, and emerging smart city projects. Trends include the growth of mobile banking solutions, the deployment of e-governance initiatives, and increased usage in public transportation systems.

Global Smart Card IC Market 2023–2032 (By Interface)

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The Smart Card IC Market is highly competitive, with a large number of manufacturers and others operating globally. Some of the key players in the market include:

  • NXP Semiconductors
  • Infineon Technologies
  • STMicroelectronics
  • Gemalto (now part of Thales Group)
  • IDEMIA
  • Samsung Electronics
  • Giesecke+Devrient
  • Microchip Technology
  • Renesas Electronics
  • Atmel (part of Microchip Technology)
  • Texas Instruments
  • ON Semiconductor
  • Beijing Watchdata Co. Ltd.
  • Shanghai Huahong Integrated Circuit Co. Ltd. (HHICC)
  • Watchdata Technologies
  • CardLogix Corporation
  • Toshiba Corporation
  • Sony Corporation
  • HID Global (a subsidiary of Assa Abloy)
  • SecuGen Corporation
  • Others

These companies operate in the market through various strategies such as Interface innovation, mergers and acquisitions, and partnerships.

Several new players are entering the Smart Card IC market by leveraging innovation and development. Startups and tech companies are introducing advanced security features, IoT integration, and solutions tailored for specific industries. Established key players like NXP Semiconductors, Infineon Technologies, and Thales Group (formerly Gemalto) continue to dominate, leveraging their extensive experience, global presence, and comprehensive product portfolios.

These leaders maintain market dominance by consistently investing in research and development, providing secure and versatile Smart Card IC solutions that meet the evolving demands of various industries.

The Smart Card IC Market is segmented as follows:

By Type

  • Microcontroller
  • Memory

By Interface

  • Contact
  • Contactless
  • Dual Interface

By Application

  • USIMs/eSIMSs
  • ID Cards
  • Financial Cards
  • IoT Devices

By End-User

  • Telecommunications
  • BFSI
  • Government & Healthcare
  • Transport
  • Education
  • Retail
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research Methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Smart Card IC Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Smart Card IC Market: snapshot
  • Chapter 3. Global Smart Card IC Market – Industry Analysis
    • 3.1 Smart Card IC Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Contactless Technology Adoption
      • 3.2.2 Biometric Integration
      • 3.2.3 IoT Integration
      • 3.2.4 Government ID Programs
      • 3.2.5 Healthcare Applications
      • 3.2.6 Mobile Payment Growth.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Interface
      • 3.7.3 Market Attractiveness Analysis By Application
      • 3.7.4 Market Attractiveness Analysis By End-User
  • Chapter 4. Global Smart Card IC Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Smart Card IC Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Smart Card IC Market – Type Analysis
    • 5.1 Global Smart Card IC Market Overview: By Type
      • 5.1.1 Global Smart Card IC Market Share, By Type, 2022 and 2032
    • 5.2 Microcontroller
      • 5.2.1 Global Smart Card IC Market by Microcontroller, 2023 – 2032 (USD Billion)
    • 5.3 Memory
      • 5.3.1 Global Smart Card IC Market by Memory, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Smart Card IC Market – Interface Analysis
    • 6.1 Global Smart Card IC Market Overview: By Interface
      • 6.1.1 Global Smart Card IC Market Share, By Interface, 2022 and 2032
    • 6.2 Contact
      • 6.2.1 Global Smart Card IC Market by Contact, 2023 – 2032 (USD Billion)
    • 6.3 Contactless
      • 6.3.1 Global Smart Card IC Market by Contactless, 2023 – 2032 (USD Billion)
    • 6.4 Dual Interface
      • 6.4.1 Global Smart Card IC Market by Dual Interface, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Smart Card IC Market – Application Analysis
    • 7.1 Global Smart Card IC Market Overview: By Application
      • 7.1.1 Global Smart Card IC Market Share, By Application, 2022 and 2032
    • 7.2 USIMs/eSIMSs
      • 7.2.1 Global Smart Card IC Market by USIMs/eSIMSs, 2023 – 2032 (USD Billion)
    • 7.3 ID Cards
      • 7.3.1 Global Smart Card IC Market by ID Cards, 2023 – 2032 (USD Billion)
    • 7.4 Financial Cards
      • 7.4.1 Global Smart Card IC Market by Financial Cards, 2023 – 2032 (USD Billion)
    • 7.5 IoT Devices
      • 7.5.1 Global Smart Card IC Market by IoT Devices, 2023 – 2032 (USD Billion)
  • Chapter 8. Global Smart Card IC Market – End-User Analysis
    • 8.1 Global Smart Card IC Market Overview: By End-User
      • 8.1.1 Global Smart Card IC Market Share, By End-User, 2022 and 2032
    • 8.2 Telecommunications
      • 8.2.1 Global Smart Card IC Market by Telecommunications, 2023 – 2032 (USD Billion)
    • 8.3 BFSI
      • 8.3.1 Global Smart Card IC Market by BFSI, 2023 – 2032 (USD Billion)
    • 8.4 Government & Healthcare
      • 8.4.1 Global Smart Card IC Market by Government & Healthcare, 2023 – 2032 (USD Billion)
    • 8.5 Transport
      • 8.5.1 Global Smart Card IC Market by Transport, 2023 – 2032 (USD Billion)
    • 8.6 Education
      • 8.6.1 Global Smart Card IC Market by Education, 2023 – 2032 (USD Billion)
    • 8.7 Retail
      • 8.7.1 Global Smart Card IC Market by Retail, 2023 – 2032 (USD Billion)
    • 8.8 Others
      • 8.8.1 Global Smart Card IC Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 9. Smart Card IC Market – Regional Analysis
    • 9.1 Global Smart Card IC Market Regional Overview
    • 9.2 Global Smart Card IC Market Share, by Region, 2022 & 2032 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America Smart Card IC Market, 2023 – 2032 (USD Billion)
        • 9.3.1.1 North America Smart Card IC Market, by Country, 2023 – 2032 (USD Billion)
    • 9.4 North America Smart Card IC Market, by Type, 2023 – 2032
      • 9.4.1 North America Smart Card IC Market, by Type, 2023 – 2032 (USD Billion)
    • 9.5 North America Smart Card IC Market, by Interface, 2023 – 2032
      • 9.5.1 North America Smart Card IC Market, by Interface, 2023 – 2032 (USD Billion)
    • 9.6 North America Smart Card IC Market, by Application, 2023 – 2032
      • 9.6.1 North America Smart Card IC Market, by Application, 2023 – 2032 (USD Billion)
    • 9.7 North America Smart Card IC Market, by End-User, 2023 – 2032
      • 9.7.1 North America Smart Card IC Market, by End-User, 2023 – 2032 (USD Billion)
    • 9.8. Europe
      • 9.8.1 Europe Smart Card IC Market, 2023 – 2032 (USD Billion)
        • 9.8.1.1 Europe Smart Card IC Market, by Country, 2023 – 2032 (USD Billion)
    • 9.9 Europe Smart Card IC Market, by Type, 2023 – 2032
      • 9.9.1 Europe Smart Card IC Market, by Type, 2023 – 2032 (USD Billion)
    • 9.10 Europe Smart Card IC Market, by Interface, 2023 – 2032
      • 9.10.1 Europe Smart Card IC Market, by Interface, 2023 – 2032 (USD Billion)
    • 9.11 Europe Smart Card IC Market, by Application, 2023 – 2032
      • 9.11.1 Europe Smart Card IC Market, by Application, 2023 – 2032 (USD Billion)
    • 9.12 Europe Smart Card IC Market, by End-User, 2023 – 2032
      • 9.12.1 Europe Smart Card IC Market, by End-User, 2023 – 2032 (USD Billion)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Smart Card IC Market, 2023 – 2032 (USD Billion)
        • 9.13.1.1 Asia Pacific Smart Card IC Market, by Country, 2023 – 2032 (USD Billion)
    • 9.14 Asia Pacific Smart Card IC Market, by Type, 2023 – 2032
      • 9.14.1 Asia Pacific Smart Card IC Market, by Type, 2023 – 2032 (USD Billion)
    • 9.15 Asia Pacific Smart Card IC Market, by Interface, 2023 – 2032
      • 9.15.1 Asia Pacific Smart Card IC Market, by Interface, 2023 – 2032 (USD Billion)
    • 9.16 Asia Pacific Smart Card IC Market, by Application, 2023 – 2032
      • 9.16.1 Asia Pacific Smart Card IC Market, by Application, 2023 – 2032 (USD Billion)
    • 9.17 Asia Pacific Smart Card IC Market, by End-User, 2023 – 2032
      • 9.17.1 Asia Pacific Smart Card IC Market, by End-User, 2023 – 2032 (USD Billion)
    • 9.18. Latin America
      • 9.18.1 Latin America Smart Card IC Market, 2023 – 2032 (USD Billion)
        • 9.18.1.1 Latin America Smart Card IC Market, by Country, 2023 – 2032 (USD Billion)
    • 9.19 Latin America Smart Card IC Market, by Type, 2023 – 2032
      • 9.19.1 Latin America Smart Card IC Market, by Type, 2023 – 2032 (USD Billion)
    • 9.20 Latin America Smart Card IC Market, by Interface, 2023 – 2032
      • 9.20.1 Latin America Smart Card IC Market, by Interface, 2023 – 2032 (USD Billion)
    • 9.21 Latin America Smart Card IC Market, by Application, 2023 – 2032
      • 9.21.1 Latin America Smart Card IC Market, by Application, 2023 – 2032 (USD Billion)
    • 9.22 Latin America Smart Card IC Market, by End-User, 2023 – 2032
      • 9.22.1 Latin America Smart Card IC Market, by End-User, 2023 – 2032 (USD Billion)
    • 9.23. The Middle East and Africa
      • 9.23.1 The Middle-East and Africa Smart Card IC Market, 2023 – 2032 (USD Billion)
        • 9.23.1.1 The Middle-East and Africa Smart Card IC Market, by Country, 2023 – 2032 (USD Billion)
    • 9.24 The Middle-East and Africa Smart Card IC Market, by Type, 2023 – 2032
      • 9.24.1 The Middle-East and Africa Smart Card IC Market, by Type, 2023 – 2032 (USD Billion)
    • 9.25 The Middle-East and Africa Smart Card IC Market, by Interface, 2023 – 2032
      • 9.25.1 The Middle-East and Africa Smart Card IC Market, by Interface, 2023 – 2032 (USD Billion)
    • 9.26 The Middle-East and Africa Smart Card IC Market, by Application, 2023 – 2032
      • 9.26.1 The Middle-East and Africa Smart Card IC Market, by Application, 2023 – 2032 (USD Billion)
    • 9.27 The Middle-East and Africa Smart Card IC Market, by End-User, 2023 – 2032
      • 9.27.1 The Middle-East and Africa Smart Card IC Market, by End-User, 2023 – 2032 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 NXP Semiconductors
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Infineon Technologies
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 STMicroelectronics
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Gemalto (now part of Thales Group)
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 IDEMIA
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Samsung Electronics
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Giesecke+Devrient
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Microchip Technology
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 Renesas Electronics
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Atmel (part of Microchip Technology)
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Texas Instruments
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 ON Semiconductor
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 Beijing Watchdata Co. Ltd.
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
    • 10.14 Shanghai Huahong Integrated Circuit Co. Ltd. (HHICC)
      • 10.14.1 Overview
      • 10.14.2 Financials
      • 10.14.3 Product Portfolio
      • 10.14.4 Business Strategy
      • 10.14.5 Recent Developments
    • 10.15 Watchdata Technologies
      • 10.15.1 Overview
      • 10.15.2 Financials
      • 10.15.3 Product Portfolio
      • 10.15.4 Business Strategy
      • 10.15.5 Recent Developments
    • 10.16 CardLogix Corporation
      • 10.16.1 Overview
      • 10.16.2 Financials
      • 10.16.3 Product Portfolio
      • 10.16.4 Business Strategy
      • 10.16.5 Recent Developments
    • 10.17 Toshiba Corporation
      • 10.17.1 Overview
      • 10.17.2 Financials
      • 10.17.3 Product Portfolio
      • 10.17.4 Business Strategy
      • 10.17.5 Recent Developments
    • 10.18 Sony Corporation
      • 10.18.1 Overview
      • 10.18.2 Financials
      • 10.18.3 Product Portfolio
      • 10.18.4 Business Strategy
      • 10.18.5 Recent Developments
    • 10.19 HID Global (a subsidiary of Assa Abloy)
      • 10.19.1 Overview
      • 10.19.2 Financials
      • 10.19.3 Product Portfolio
      • 10.19.4 Business Strategy
      • 10.19.5 Recent Developments
    • 10.20 SecuGen Corporation
      • 10.20.1 Overview
      • 10.20.2 Financials
      • 10.20.3 Product Portfolio
      • 10.20.4 Business Strategy
      • 10.20.5 Recent Developments
    • 10.21 Others.
      • 10.21.1 Overview
      • 10.21.2 Financials
      • 10.21.3 Product Portfolio
      • 10.21.4 Business Strategy
      • 10.21.5 Recent Developments
List Of Figures

Figures No 1 to 34

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • NXP Semiconductors
  • Infineon Technologies
  • STMicroelectronics
  • Gemalto (now part of Thales Group)
  • IDEMIA
  • Samsung Electronics
  • Giesecke+Devrient
  • Microchip Technology
  • Renesas Electronics
  • Atmel (part of Microchip Technology)
  • Texas Instruments
  • ON Semiconductor
  • Beijing Watchdata Co. Ltd.
  • Shanghai Huahong Integrated Circuit Co. Ltd. (HHICC)
  • Watchdata Technologies
  • CardLogix Corporation
  • Toshiba Corporation
  • Sony Corporation
  • HID Global (a subsidiary of Assa Abloy)
  • SecuGen Corporation
  • Others

FAQs

The key factors driving the Market are Contactless Technology Adoption, Biometric Integration, IoT Integration, Government ID Programs, Healthcare Applications And Mobile Payment Growth.

The “Microcontroller” category dominated the market in 2022.

The key players in the market are NXP Semiconductors, Infineon Technologies, STMicroelectronics, Gemalto (now part of Thales Group), IDEMIA, Samsung Electronics, Giesecke+Devrient, Microchip Technology, Renesas Electronics, Atmel (part of Microchip Technology), Texas Instruments, ON Semiconductor, Beijing Watchdata Co. Ltd., Shanghai Huahong Integrated Circuit Co. Ltd. (HHICC), Watchdata Technologies, CardLogix Corporation, Toshiba Corporation, Sony Corporation, HID Global (a subsidiary of Assa Abloy), SecuGen Corporation, Others.

“North America” had the largest share in the Smart Card IC Market.

The global market is projected to grow at a CAGR of 5.3% during the forecast period, 2023-2032.

The Smart Card IC Market size was valued at USD 2.2 Billion in 2023.

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