Global Smart Card IC Market: New Business Opportunities & Investment Research Report 2019-2025

The latest report on the Smart Card IC Market by Infinium Global Research gives complete coverage of the smart card ic market by card type (microcontroller, and memory), interface (contact, and contactless), end-use industry (e-government, telecommunication, payment and banking, and other end-use industries) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of smart card ic such as North America, Europe, Asia-Pacific, and Latin America over the short run and long run.

"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2020-2026."

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Smart Card IC market: Drivers and Restraints

The demand for smart card IC is rising due to its benefits such as speed, ease of use, and versatility. Factor such as rising demand for contactless smart cards and increasing adoption of electronic identification cards for various e-governance projects are driving the growth of the smart card IC market. Increasing the usage of smart cards in payment and banking industries is fueling the market growth. On the other side, slow adoption and security concerns related to smart card IC are restraining the growth of the market. Moreover, increasing usage in telecommunication, payment and banking, transportation, and e-government sectors are expected to provide growth opportunities to the market players.

Smart Card IC market: Segmentation

The global smart card IC market is segmented based on card type, interface, and end-use industry. On the basis of the card type, the market is segmented into a microcontroller and memory. The microcontroller segment holds a large market share due to it is used in automatically controlled products and devices, such as automobile engine control systems, implantable medical devices, remote controls, office machines, appliances, power tools, toys, and other embedded systems. Based on the interface, the sub-markets include contact, contactless, and other interfaces. By end-use industry, the market is categorized into E-government, telecommunication, transportation, payment and banking, and other end-use industries.

Smart Card IC Market: Regional Insight

Among the regions, Asia-pacific holds the largest market share of the global smart card IC market. The growing demand for smartphones in China and India is driving the growth of the market in the Asia-pacific region. The government of various Asian countries mandates smart card IC in national ID cards, driving licenses, and other government identification cards that expected to drive the growth of the market in the forecasted period.

Smart Card IC market: Competitive Analysis

Some of the industry participants of the global smart card IC market are EM Microelectronic-Marin SA, Infineon Technologies AG, Atmel Corporation, NXP Semiconductors N.V., CEC Huada Electronic Design Co., Ltd., On Semiconductor Corporation, Shanghai Huahong Integrated Circuit Co., Ltd., STMicroelectronics, Samsung, and Renesas Electronics Corporation among the others.

Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/ict-semiconductor/global-smart-card-ic-market

Reasons to Buy this Report:

  • Comprehensive analysis of global as well as regional markets of the smart card ic.
  • Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
  • Comprehensive analysis of the companies operating in this market.
  • The company profile includes analysis of product portfolio, revenue, SWOT analysis, and the latest developments of the company.
  • Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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