Smart Card IC Market

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.

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

Covered in this report
This 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:

• Americas
• APAC
• EMEA

The report, Global Smart Card IC Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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
• STMicroelectronics

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?