Global Smart Card IC Market 2016-2020




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About Smart Card

A smart card is made up of PVC, polyester, or polycarbonate and is embedded with an IC, an MCU, and a memory chip. The memory chip is embedded with a smart card IC that can store and process a large amount of data. The microcontroller helps to secure payment transactions with functions such as encryption and digital signatures. It provides a tamper-resistant system and protects in-memory information, thereby reducing cases of fraud.

Technavios analysts forecast the global smart card IC market to grow at a CAGR of 8.49% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global smart card IC market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of smart card ICs.

The market is divided into the following segments based on geography:

Technavio's report, Global Smart Card IC Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Infineon Technologies
NXP Semiconductors
Samsung Semiconductor

Other prominent vendors
Shanghai Huahong Integrated Circuit

Market driver
High demand for contactless EMV cards
For a full, detailed list, view our report

Market challenge
Increase in payment card-related frauds
For a full, detailed list, view our report

Market trend
Increasing use of SIM cards for M2M communications
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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