123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Opportunities For The Global Smart Card Ic Market To Reach $4.3 Billion By 2023

Profile Picture
By Author: Lucintel LLC
Total Articles: 267
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

According to a new market report published by Lucintel, the future of the smart card integrated circuit (IC) market looks attractive with opportunities in telecommunication, payment and banking, transportation, e-government, and others. The global smart card IC market is expected to reach an estimated $4.3 billion by 2023 with a CAGR of 4.0% from 2018 to 2023. The major drivers for the growth of this market are increasing usage of Subscriber Identification Module (SIM) cards for mobile phones, growing adoption of electronic identification cards for various e-governance projects, and increasing usage of smart cards in payment and banking industries.
In this market two types of cards, such as microcontroller and memory based are used. Microcontroller based smart card IC will remain the largest type, and it is expected to witness the highest growth during the forecast period as it enables secure payment facilities, authentication, and information storage for consumers.
The smart card IC market is categorized into three interface types: contact, contactless, and others. The contactless interface will be the largest interface type, as it provides more storage, speed, convenience, and secure reading and writing of data.
The global smart card IC market is being used in various end use industries, such as e-government, telecommunication, transportation, payment and banking, and others. Telecommunication will remain the largest application segment during the forecast period supported by the rising adoption for subscriber identity modules (SIM) cards for mobile phones.
Asia Pacific is expected to be the largest region over the forecast period supported by increasing demand for smartphones in China and India. The government of various Asian countries mandates smart card IC in national ID cards, driving licenses, and other government identification cards, which is expected to drive the Asian smart card IC market during the forecast period.
Emerging trends, which have a direct impact on the dynamics of the industry, include the development of smart card IC that can provide more security and integration of smart cards with biometrics. Infineon Technologies AG, NXP Semiconductor, Samsung Electronics, STMicroelectronics, and CEC Huada Electronic Design Co. Ltd are among the major smart card IC providers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global smart card IC market by card type, type of interface, end use industry, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Smart Card IC Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global smart card IC by card type, type of interface, end use industry, and region as follows:
By Card Type [$M shipment analysis from 2012 to 2023]:

• Microcontroller
• Memory

By Type of Interface [$M shipment analysis from 2012 to 2023]:

• Contact
• Contactless
• Others

By End Use Industry [$M shipment analysis from 2012 to 2023]:

• E-Government
• Telecommunication
• Transportation
• Payment and Banking
• Others

By Region [$M shipment analysis for 2012 – 2023]:

• North America
 United States
 Canada
 Mexico

• Europe
 United Kingdom
 Germany
 France

• Asia Pacific
 China
 India

• The Rest of the World

This 137-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Telecommunication Report, Telecommunication Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Matrix.

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.comwww.lucintel.com.

This report answers following 11 key questions:

Q.1 What are some of the most promising, high-growth opportunities for the global smart card IC market by card type (microcontroller and memory), by type of interface (contact, contactless, and ot¬¬¬¬hers), by end use industry (e-government, telecommunication, transportation, payment and banking, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?

Total Views: 157Word Count: 798See All articles From Author

Add Comment

Business Articles

1. What Is Hemp Protein And How Can It Help You?
Author: Unknown Member

2. Important For Epoxy Coatings
Author: Unknown Member

3. Java Development Training And Jobs
Author: Zain Malik

4. All You Need To Know About Iso 13485 Auditor Training And Its Requirements
Author: Charles Wilson

5. Is Bitdefender Antivirus Plus Right For You?
Author: poppybobby

6. Beneficial Tips To Consider While Going On Hunting
Author: Unknown Member

7. Lead Generation Agency In Mumbai
Author: Poonam

8. Know What A Right Translation Agency Can Do For You
Author: Fayeem

9. Keuntungan Dari Perjalanan Bus
Author: Unknown Member

10. How To Recycle Moving Cardboard Boxes?
Author: Jeff Parker

11. Get The Best Employee Hiring, Human Resource And Business Plan Template For Your Business
Author: Diptiranjan Pradhan

12. It’s Mandatory To Select A Reputable Ferroalloy Supplier
Author: Andy

13. Applications Of Steel In Different Fields
Author: Andy

14. Different Types Of Ferroalloys And Their Uses
Author: Andy

15. Look For A Trusted And Experienced Ferroalloy Supplier
Author: Andy

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: