Smart Card IC Market Report: Trends, Forecast and Competitive Analysis

·5-min read

The smart card IC market is expected to grow by USD 1.82 billion, progressing at a CAGR of almost 8% during the forecast period.

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Technavio has announced its latest market research report titled Global Smart Card IC Market 2020-2024 (Graphic: Business Wire)

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The growing demand for contactless smart cards is one of the major factors propelling market growth. However, factors such as the growing use of mobile wallets will hamper market growth.

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Smart Card IC Market: Microprocessor Architecture Landscape

NXP and Texas Instruments are a few of the vendors that offer 16-bit smart card ICs. The adoption of 16-bit smart card ICs is high in the current market scenario, owing to their low cost. However, the smart card IC market share growth by the 16-bit segment will be slower than the growth of the market by the 32-bit segment.

Smart Card IC Market: Geographic Landscape

Factors such as high growth potential, growing end-user industries, and an influx of small and medium-sized enterprises (SMEs) will significantly drive smart card IC market growth in this region over the forecast period. 53% of the market’s growth will originate from APAC during the forecast period. China, Taiwan, and Japan are the key markets for smart card ICs in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered:

  • Broadcom Inc.

  • Imatric LLC

  • Infineon Technologies AG

  • Microchip Technology Inc.

  • NXP Semiconductors NV

  • ON Semiconductor Corp.

  • Samsung Electronics Co. Ltd.

  • STMicroelectronics NV

  • Tongxin Microelectronics Co. Ltd.

  • Toshiba Corp.

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, until 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Application

  • Market segments

  • Comparison by Application

  • Telecommunication - Market size and forecast 2019-2024

  • Financial - Market size and forecast 2019-2024

  • Government - Market size and forecast 2019-2024

  • Transportation - Market size and forecast 2019-2024

  • Others - Market size and forecast 2019-2024

  • Market opportunity by Application

Market Segmentation by microprocessor architecture

  • Market segments

  • Comparison by microprocessor architecture

  • 16-bit - Market size and forecast 2019-2024

  • 32-bit - Market size and forecast 2019-2024

  • Market opportunity by microprocessor architecture

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Broadcom Inc.

  • Imatric LLC

  • Infineon Technologies AG

  • Microchip Technology Inc.

  • NXP Semiconductors NV

  • ON Semiconductor Corp.

  • Samsung Electronics Co. Ltd.

  • STMicroelectronics NV

  • Tongxin Microelectronics Co. Ltd.

  • Toshiba Corp.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201130005492/en/

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