Global Smart Card IC Market 2024-2028
The smart card IC market is forecasted to grow by USD 1.45 bn during 2023-2028, accelerating at a CAGR of 5.15% during the forecast period. The report on the smart card IC market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for electronic ID cards, rising demand for contactless smart cards, and increasing focus on regulatory standard compliance.
Technavio's smart card IC market is segmented as below:
By CPU Architecture
By Application
- Telecommunication
- Financial
- Transportation
- Government
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the robust demand for dual-interface cards as one of the prime reasons driving the smart card IC market growth during the next few years. Also, increasing use of biometrics in smart cards and integration of smart cards with blockchain will lead to sizable demand in the market.
The report on the smart card IC market covers the following areas:
- Smart card IC market sizing
- Smart card IC market forecast
- Smart card IC market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart card ic market vendors that include Alioth, CardLogix Corp., Datasonic Group Berhad, dormakaba Holding AG, Imatric LLC, Infineon Technologies AG, JCB Co. Ltd., KONA I Co. Ltd., Kshitij Polyline Ltd., Microchip Technology Inc., ON Semiconductor Corp., PGP GROUP Ltd., Protolab Electrotechnologies Pvt. Ltd., Samsung Electronics Co. Ltd., Secura Key, Seshaasai Business Forms P Ltd., SKS ELECTRONICS, Smart Card IT Solutions Ltd., The Swatch Group Ltd., and WATCHDATA TECHNOLOGIES Pte. Ltd.. Also, the smart card ic market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.