Market Overview:
The global smart card IC market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart cards from various applications, such as industry and government, payment, and telecommunications. In addition, the growing adoption of contactless payments is also contributing to the growth of this market. The memory cards segment is expected to hold the largest share of the global smart card IC market in 2018. This segment is projected to grow at a CAGR of 10% during the forecast period from 2018 to 2030. The microprocessor cards segment is projected to grow at a CAGR of 8% during the same period.
Product Definition:
A Smart Card IC is a microchip that is embedded in a plastic card. The chip stores data and enables the card to be used for identification, authentication, or other purposes.
Memory Cards:
Memory cards are digital media used for storing data on a small physical medium. The most commonly used memory card is SD (Secure Digital) card which is a standard format for digital cameras and cell phones. It's the size of a flash drive and can be easily inserted into the devices like cell phones, computers, or digital cameras to store images, videos or documents.
Microprocessor Cards:
Microprocessor cards are used in smart card ICs. They perform various functions such as storing information, processing data and making decisions on the basis of stored information. The microprocessor card is a small electronic circuit that contains millions of tiny components called transistors, capacitors and resistors which work together to carry out instructions programmed by the software driver or firmware in it.
Application Insights:
The industry and government application segment accounted for the largest market share in 2017. This is attributed to the growing adoption of smart cards in a variety of applications, such as transportation, healthcare, banking and financial services, e-government initiatives, and national ID programs. The telecommunications application segment is expected to witness lucrative growth over the forecast period owing to its increasing use in mobile phones and electronic devices.
The payment application segment is also estimated to grow rapidly over the forecast period owing to its rising adoption across retail outlets worldwide as it offers enhanced security features compared with traditional magnetic-stripe or chip-based credit cards. Moreover, numerous banks are adopting contactless technology globally for payment transactions due largelyto increased efficiency coupled with low cost associated with it.
Regional Analysis:
North America dominated the global market in 2017. North America is home to several prominent players of the industry, such as Intel Corporation; Texas Instruments Inc.; and Broadcom Inc. Moreover, these companies are actively investing in research & development activities to introduce innovative products within the market.
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing government initiatives for implementation of advanced technologies such as digital identity management and e-government services among others.
Europe region accounted for more than 20% share of global revenue in 2017 due to high demand from government agencies.
Growth Factors:
- Increasing demand for secure identification and authentication solutions
- Proliferation of contactless payment technologies
- Growing number of government initiatives to promote the use of smart cards
- Rising demand from the healthcare sector for secure patient identification and authentication solutions
- Increasing adoption of smart cards in transportation and logistics applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Card IC Market Research Report
By Type
Memory Cards, Microprocessor Cards
By Application
Industry& Goverment, Payment, Telecommunications
By Companies
Gemalto, G&D, Oberthur, Morpho (Safran), VALID, Eastcompeace, Wuhan Tianyu, DATANG, KONA I, CPI Card Group, Watchdata, HENGBAO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Smart Card IC Market Report Segments:
The global Smart Card IC market is segmented on the basis of:
Types
Memory Cards, Microprocessor Cards
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industry& Goverment, Payment, Telecommunications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Gemalto
- G&D
- Oberthur
- Morpho (Safran)
- VALID
- Eastcompeace
- Wuhan Tianyu
- DATANG
- KONA I
- CPI Card Group
- Watchdata
- HENGBAO
Highlights of The Smart Card IC Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Memory Cards
- Microprocessor Cards
- By Application:
- Industry& Goverment
- Payment
- Telecommunications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Card IC Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Smart Card IC is a chip that can be inserted into a card reader to enable secure transactions.
Some of the major players in the smart card ic market are Gemalto, G&D, Oberthur, Morpho (Safran), VALID, Eastcompeace, Wuhan Tianyu, DATANG, KONA I, CPI Card Group, Watchdata, HENGBAO.
The smart card ic market is expected to register a CAGR of 9.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Card IC Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Card IC Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Card IC Market - Supply Chain
4.5. Global Smart Card IC Market Forecast
4.5.1. Smart Card IC Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Card IC Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Card IC Market Absolute $ Opportunity
5. Global Smart Card IC Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Card IC Market Size and Volume Forecast by Type
5.3.1. Memory Cards
5.3.2. Microprocessor Cards
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Card IC Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Card IC Market Size and Volume Forecast by Application
6.3.1. Industry& Goverment
6.3.2. Payment
6.3.3. Telecommunications
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Card IC Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Card IC Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Card IC Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Card IC Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Card IC Demand Share Forecast, 2019-2026
9. North America Smart Card IC Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Card IC Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Card IC Market Size and Volume Forecast by Application
9.4.1. Industry& Goverment
9.4.2. Payment
9.4.3. Telecommunications
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Card IC Market Size and Volume Forecast by Type
9.7.1. Memory Cards
9.7.2. Microprocessor Cards
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Card IC Demand Share Forecast, 2019-2026
10. Latin America Smart Card IC Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Card IC Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Card IC Market Size and Volume Forecast by Application
10.4.1. Industry& Goverment
10.4.2. Payment
10.4.3. Telecommunications
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Card IC Market Size and Volume Forecast by Type
10.7.1. Memory Cards
10.7.2. Microprocessor Cards
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Card IC Demand Share Forecast, 2019-2026
11. Europe Smart Card IC Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Card IC Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Card IC Market Size and Volume Forecast by Application
11.4.1. Industry& Goverment
11.4.2. Payment
11.4.3. Telecommunications
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Card IC Market Size and Volume Forecast by Type
11.7.1. Memory Cards
11.7.2. Microprocessor Cards
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Card IC Demand Share, 2019-2026
12. Asia Pacific Smart Card IC Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Card IC Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Card IC Market Size and Volume Forecast by Application
12.4.1. Industry& Goverment
12.4.2. Payment
12.4.3. Telecommunications
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Card IC Market Size and Volume Forecast by Type
12.7.1. Memory Cards
12.7.2. Microprocessor Cards
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Card IC Demand Share, 2019-2026
13. Middle East & Africa Smart Card IC Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Card IC Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Card IC Market Size and Volume Forecast by Application
13.4.1. Industry& Goverment
13.4.2. Payment
13.4.3. Telecommunications
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Card IC Market Size and Volume Forecast by Type
13.7.1. Memory Cards
13.7.2. Microprocessor Cards
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Card IC Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Card IC Market: Market Share Analysis
14.2. Smart Card IC Distributors and Customers
14.3. Smart Card IC Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Gemalto
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. G&D
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Oberthur
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Morpho (Safran)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. VALID
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Eastcompeace
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wuhan Tianyu
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. DATANG
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. KONA I
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CPI Card Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Watchdata
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. HENGBAO
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
