Global Smart Card IC Market Segments 2024, Forecast To 2033
5 Mar, 2024
The smart card IC market has demonstrated strong growth, moving from $2.81 billion in 2023 to $3.01 billion in 2024, with a CAGR of 7.0%. This growth is attributed to the rise in cashless transactions and increased focus on data security. Anticipated strong growth projects the market size to reach $4.1 billion in 2028, sustaining a CAGR of 8.1%. Key trends include innovation in payment technologies and contactless technology adoption.
Global Smart Card IC Market Key Driver
The smart card IC market is expanding with the rise in contactless payments. The average UK contactless user conducted 220 transactions in 2022, reflecting a significant increase. The surge in contactless payments is a crucial factor propelling the growth of the smart card IC market.
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The smart card ic market covered in this report is segmented –
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
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the smart card IC market in 2023. The regions covered in the smart card ic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Smart Card IC Industry Players
Infineon Technologies AG; NXP Semiconductors N.V; Samsung Group; STMicroelectronics N.V.; 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.; CardLogix Corporation; Thales Group; Renesas Electronics; Maxim Integrated; Shanghai Huahong Integrated Circuit Co. Ltd.; Rambus; Taiwan Semiconductor Manufacturing Company; Infineon Technologies; Winbond Electronics; Melexis; Beijing Watchdata; Giesecke+Devrient; Zwipe AS; Fingerprint Cards; Identiv; IDEMIA; Infineon Technologies; Beijing Tongfang Microelectronics; Cardtek; Kona I Co.Ltd.; Elliptic Labs
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AIOps Smart Card IC Market Overview
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 can store and process data, allowing them to perform various functions such as identification, authentication, access control, and payment.
Smart Card IC Global Market Report 2023 provides data on the global smart card ic market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The smart card ic market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.