Smart Card IC Market

Smart Card IC Market by Type (Microprocessor, Memory), Architecture (16-bit, 32-bit), Interface, Application (USIMs/eSIMs, ID Cards, Financial Cards), End-user Industry (Telecommunications, BFSI) and Region - Global Forecast to 2027

Report Code: SE 8178 Oct, 2022, by marketsandmarkets.com

[222 Pages Report] The global smart card IC market is projected to reach USD 3.9 billion by 2027 from an estimated USD 2.9 billion in 2022, at a CAGR of 6.3% from 2022 to 2027. The growth of the smart card IC market can be attributed to rise in the contactless payments post COVID-19 outbreak and adoption of ID cards across various organizations and educational institutions.

Smart Card IC Market

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Market Dynamics of Smart Card IC Market

Drivers: Rise in contactless payments post COVID-19 outbreak

Earlier, most people were using contact-type smart cards. However, with the outbreak of the COVID-19 pandemic, people shifted towards contactless payment options. Contactless payment refers to a no-touch form of payment using a credit, debit, or gift card on a point-of-sale (POS) system equipped with adequate technology. Also, they are transactions made by tapping a contactless chip card, payment-enabled mobile device, QR code, or wearable device over a contactless-enabled payment terminal. These cards use radio frequency identification (RFID) technology and near-field communication (NFC) to process transactions. These cards emit short-range electromagnetic waves containing information to be captured by the POS system and processed to complete the transaction.

Restraints: Data security of eSIMs

eSIM cards allow remote provisioning of SIM profiles by enabling automatic interoperability between connectivity platforms and multiple SIM operator profiles. However, the operational flexibility achieved by an eSIM would be futile if its security is compromised. An eSIM collects and stores the credentials of mobile network operators (MNOs) in the inbuilt software of the device, which is prone to various security hacks. In addition, it operates through multiple MNOs and physical platforms, thereby exposing it to the risk of the virtual environment.

Opportunities: Increased adoption of IoT by end-user industries

Industry 4.0 fully automates manufacturing processes with very little to negligible human interference. It works on the Internet of Things (IoT), cyber-physical systems, cloud robotics, cloud computing, and big data. Thus, IoT has gained the attention of technology vendors, organizations, business decision-makers, and consumers in recent years. Industry players are focusing on adopting IoT due to continuous technological advancements, increasing cellular connectivity & data transfer rates, and cloud infrastructure development. IoT can be implemented using various smart and connected devices integrated into various smart payment systems, smart homes, and connected cars. Additionally, the rising penetration of IoT in telecommunications, BFSI, transportation, and retail end-user industries has led to an upsurge in the demand for low-cost and highly efficient smart card IC used for secured data storage and data transmission.

Challenges: Global semiconductor chip supply shortage

The trade war between the US and China added to the supply chain disruption. China being a key supplier of semiconductors, delay in the supply of semiconductors due to the increased tariffs rates and pandemic has created impediments in the development of smart card ICs. The increase in demand for chips and supply shortage has resulted in increased lead times as well as their price. Wafers, substrates, logistics, assembly and testing, and operational costs have all become more expensive. In turn, semiconductor suppliers are being forced to pass their costs on to their customers to help stabilize the supply chain.

Smart Card IC Ecosystem

Smart Card IC Market by Ecosystem

The ID cards application is projected to register the highest CAGR 2022 to 2027

The ID cards application is projected to register the highest CAGR during the forecast period. The growth can be attributed to rising focus of government of different countries on transforming paper-based ID cards into chip-based ID cards to avoid illegal activities and protect citizens from identity theft. Governments of several European countries have rolled out circulars for mandating the integration of chips in ID cards. In response to this, there were over 9 million university students using student smart cards across 279 universities in Spain, Portugal, and Latin America.

Government and healthcare segment is projected to register the highest CAGR during the forecast period

The government and healthcare segment is projected to grow at the highest CAGR during the forecast period. The growth of the segment can be attributed to an increase in the adoption of eID cards, including national cards, drivers’ license, ePassports, ID cards, eHealth cards, and other vital government documents. The COVID-19 pandemic fueled the need to regulate the use of e-government documents as they can help in tracking citizen details. Further, e-health cards have the potential to improve the patient experience by storing key medical data and medication history and by serving as an electronic prescription. These cards can also be used to securely store social security numbers.

Asia Pacific is expected to register the highest growth in the smart card IC market during the forecast period

The smart card IC market in the Asia Pacific is expected to register the highest growth during the forecast period due to the ongoing technological innovations in the telecommunications, BFSI, government and healthcare, and transportation verticals, the increasing adoption of digital technologies, and rapid urbanization and industrialization. Other prominent drivers are the rising adoption of IoT devices, increasing deployment of digital technologies in retail, corporate, education, and entertainment industries, and growing electrification in the transportation industry.

Smart Card IC Market by Region

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Key Market Players

Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherland), Samsung Electronics Co., Ltd. (South Korea), STMicroelectronics N.V. (Switzerland), Microchip Technology Incorporated (US), CEC Huada Electronic Design Co., Ltd. (China), Analog Devices, Inc. (US), Sony Group Corporation (Japan), Toshiba Corporation (Japan), and ON Semiconductor Corporation (US); are some of the key players in the smart card IC market.

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Scope of the Report

Report Metric

Details

Market size available for years

2018–2027

  Base year considered

2021

  Forecast period

2022–2027

  Forecast unit

Value (USD Million/Thousand/ Billion)

  Segments Covered

By Type, By Architecture, By Interface, By Application, By End-user Industry, and By Region

  Geographies covered

North America, Europe, Asia Pacific, and RoW

  Companies covered

Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherland), Samsung Electronics Co., Ltd. (South Korea), STMicroelectronics N.V. (Switzerland), Microchip Technology Incorporated (US), CEC Huada Electronic Design Co., Ltd. (China), Analog Devices, Inc. (US), Sony Group Corporation (Japan), Toshiba Corporation (Japan), and ON Semiconductor Corporation (US); are some of the key players in the smart card IC market.
A total of 20 players are covered.

This research report categorizes the smart card IC market based type, architecture, interface, application, end-user industry, and region.

Based on Type
  • Microcontroller
  • Memory
Based on Architecture
  • 16-bit
  • 32-bit
Based on Interface
  • Contact
  • Contactless
  • Dual Interface
Based on Application 
  • USIMs/eSIMs
  • ID cards
    • Employee ID
    • Citizen ID
    • ePassport
    • Driving License
  • Financial Cards
  • IoT Devices
Based on End-user Industry 
  • Telecommunications
  • BFSI
  • Government & Healthcare
  • Transportation
  • Education
  • Retail
  • Others
Based on Region
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Aisa Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Rest of the world
    • Middle East & Africa
    • South America

Recent Developments

  • In July 2022, Infineon Technologies AG launched OPTIGA Trust M Express, a high-end security solution that provides an anchor of trust for connecting IoT devices to the cloud, giving every IoT device its own unique identity. It is ideal for industrial and building automation applications, smart homes, and connected consumer devices.
  • In June 2022, STMicroelectronics N.V. launched the ST4SIM-201 embedded SIM (eSIM) for machine-to-machine (M2M) communication, which meets the latest standards for 5G network access, M2M security, and flexible remote provisioning and management.
  • In December 2021, Infineon Technologies AG partnered with MK Smart, a subsidiary of MK Group, to deliver smart card chips for Vietnam's national ID card. For this, Infineon Technologies AG supplied the SLC37 security controller using the latest 40nm security chip technology and innovative dual-interface packaging (Coil on Module). The chips and their operating system are capable of securely storing ICAO-compliance e-ID data and enable protected biometrics and digital signing to access citizenry services on government and private portals.
  • In August 2021, Analog Devices, Inc. (ADI) acquired Maxim Integrated Products, Inc. to strengthen ADI's position as a high-performance analog semiconductor company.
  • In June 2020, Sony Group Corporation established a research company, "Sony Research India Private Limited (Sony Research India)," in India. It consists of R&D centers in Bengaluru and Mumbai, which will be part of Sony's Global R&D centers. Sony Research India aims to accelerate the collaboration with its entertainment and electronics business groups while further enhancing the competitiveness and capability of research and development in India.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 SMART CARD IC MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
           FIGURE 2 SMART CARD IC MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of key secondary sources
                    2.1.2.2 Secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Breakdown of primaries
                    2.1.3.3 Key data from primary sources
                    2.1.3.4 Key industry insights
    2.2 FACTOR ANALYSIS
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – TOP-DOWN (SUPPLY SIDE): REVENUES GENERATED BY COMPANIES FROM SALES OF SMART CARD ICS
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – TOP-DOWN (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATIONS FOR ONE COMPANY IN SMART CARD IC MARKET
           FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – BOTTOM-UP (DEMAND SIDE): DEMAND FOR SMART CARD ICS, BY APPLICATION
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Approach to obtain market size using bottom-up analysis (demand side)
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    2.3.2.1 Approach to obtain market size using top-down analysis (supply side)
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.3.3 GROWTH PROJECTIONS AND FORECASTING ASSUMPTIONS
                        TABLE 1 MARKET GROWTH ASSUMPTIONS
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS
           2.5.1 ASSUMPTIONS
           2.5.2 LIMITATIONS
    2.6 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 46)
    FIGURE 9 DUAL INTERFACE SEGMENT TO EXHIBIT HIGHEST CAGR IN SMART CARD IC MARKET FROM 2022 TO 2027
    FIGURE 10 ID CARDS TO EXHIBIT HIGHEST CAGR IN SMART CARD IC MARKET FROM 2022 TO 2027
    FIGURE 11 GOVERNMENT & HEALTHCARE SEGMENT TO RECORD HIGHEST CAGR IN SMART CARD IC MARKET DURING FORECAST PERIOD
    FIGURE 12 ASIA PACIFIC LIKELY TO BE FASTEST-GROWING MARKET FOR SMART CARD ICS DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 50)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SMART CARD IC MARKET
           FIGURE 13 RISING DEMAND FOR CONTACTLESS PAYMENT TO FUEL MARKET GROWTH FROM 2022 TO 2027
    4.2 SMART CARD IC MARKET, BY TYPE
           FIGURE 14 MICROPROCESSOR TO HOLD LARGER SHARE OF SMART CARD IC MARKET IN 2022
    4.3 SMART CARD IC MARKET, BY ARCHITECTURE
           FIGURE 15 32-BIT SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2027
    4.4 SMART CARD IC MARKET, BY INTERFACE
           FIGURE 16 CONTACTLESS INTERFACE TO CAPTURE LARGEST MARKET SHARE IN 2027
    4.5 SMART CARD IC MARKET, BY APPLICATION
           FIGURE 17 FINANCIAL CARDS TO ACCOUNT FOR LARGEST SHARE OF SMART CARD IC MARKET, BY APPLICATION, IN 2027
    4.6 SMART CARD IC MARKET, BY END-USER INDUSTRY
           FIGURE 18 TELECOMMUNICATIONS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SMART CARD IC MARKET IN 2027
    4.7 SMART CARD IC MARKET, BY REGION
           FIGURE 19 ASIA PACIFIC TO CAPTURE LARGEST SHARE OF SMART CARD IC MARKET IN 2027
    4.8 SMART CARD IC MARKET, BY COUNTRY
           FIGURE 20 INDIA TO REGISTER HIGHEST CAGR IN GLOBAL SMART CARD IC MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 21 SMART CARD IC MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Rising usage of SIMs and eSIMs in smartphones
                               FIGURE 22 NUMBER OF SMARTPHONE AND MOBILE PHONE USERS GLOBALLY (BILLION) (2020–2025)
                    5.2.1.2 Adoption of ID cards across various organizations and educational institutions
                    5.2.1.3 Rise in contactless payments post COVID-19 outbreak
                               FIGURE 23 SMART CARD IC MARKET DRIVERS AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 Data security concerns related to eSIMs
                               FIGURE 24 SMART CARD IC MARKET RESTRAINTS AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Government agencies promoting digitalization
                    5.2.3.2 Surging demand for advanced telematics and infotainment systems from automotive sector
                    5.2.3.3 Increased adoption of IoT by end-user industries
                               FIGURE 25 SMART CARD IC MARKET OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Global semiconductor chip supply shortage
                               FIGURE 26 SMART CARD IC MARKET CHALLENGES AND THEIR IMPACT
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 27 SMART CARD IC VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM
           FIGURE 28 SMART CARD ECOSYSTEM
           TABLE 2 LIST OF SMART CARD IC MANUFACTURERS
    5.5 PRICING ANALYSIS
           TABLE 3 AVERAGE SELLING PRICE OF SMART CARD ICS, BY APPLICATION (2021)
           FIGURE 29 AVERAGE SELLING PRICE OF SMART CARD ICS OFFERED BY KEY PLAYERS, BY APPLICATION
           TABLE 4 AVERAGE SELLING PRICE OF SMART CARD ICS OFFERED BY KEY PLAYERS, BY APPLICATION
           FIGURE 30 AVERAGE SELLING PRICE TREND FOR SMART CARD ICS, 2018–2027 (USD)
    5.6 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR SMART CARD IC MARKET PLAYERS
           FIGURE 31 REVENUE SHIFT FOR SMART CARD IC MARKET PLAYERS
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 KEY TECHNOLOGIES
                    5.7.1.1 Coil on Module technology
           5.7.2 COMPLEMENTARY TECHNOLOGIES
                    5.7.2.1 Near-field communication technology
                    5.7.2.2 Radio frequency technology
                    5.7.2.3 Artificial intelligence technology
    5.8 EMERGING TRENDS
           5.8.1 BIOMETRIC CARDS
                    FIGURE 32 CONSTRUCTION OF BIOMETRIC CARDS
    5.9 PORTER’S FIVE FORCES ANALYSIS
           TABLE 5 SMART CARD IC MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 33 PORTER’S FIVE FORCES ANALYSIS
           5.9.1 INTENSITY OF COMPETITIVE RIVALRY
           5.9.2 THREAT OF SUBSTITUTES
           5.9.3 BARGAINING POWER OF BUYERS
           5.9.4 BARGAINING POWER OF SUPPLIERS
           5.9.5 THREAT OF NEW ENTRANTS
    5.10 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 34 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR MAJOR END-USER INDUSTRIES
                     TABLE 6 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR MAJOR END-USER INDUSTRIES (%)
           5.10.2 BUYING CRITERIA
                     FIGURE 35 KEY BUYING CRITERIA FOR MAJOR END-USER INDUSTRIES
                     TABLE 7 KEY BUYING CRITERIA FOR MAJOR END-USER INDUSTRIES
    5.11 CASE STUDY ANALYSIS
           TABLE 8 KERETA COMMUTER INDONESIA (KCI) USES SONY’S FELICA TECHNOLOGY FOR TICKETING
    5.12 TRADE ANALYSIS
           5.12.1 IMPORT SCENARIO
                    TABLE 9 IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
                    FIGURE 36 SMART CARD IC: IMPORT DATA FOR MAJOR COUNTRIES, 2017–2021
           5.12.2 EXPORT SCENARIO
                    TABLE 10 EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
                    FIGURE 37 SMART CARD IC: EXPORT DATA FOR MAJOR COUNTRIES, 2017–2021
    5.13 PATENT ANALYSIS
           TABLE 11 LIST OF SOME PATENTS IN SMART CARD IC MARKET, 2018–2022
           FIGURE 38 PATENTS GRANTED WORLDWIDE, 2012–2021
           TABLE 12 TOP 20 PATENT OWNERS IN US, 2012–2021
           FIGURE 39 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2012–2021
    5.14 KEY CONFERENCES AND EVENTS, 2022–2023
           TABLE 13 SMART CRAD IC MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.15 TARIFF ANALYSIS
    5.16 STANDARDS AND REGULATORY LANDSCAPE
           5.16.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    5.16.1.1 North America
                    5.16.1.2 Europe
           5.16.2 STANDARDS

6 SMART CARD IC MARKET, BY TYPE (Page No. - 84)
    6.1 INTRODUCTION
           FIGURE 40 SMART CARD IC MARKET, BY TYPE
           FIGURE 41 MICROPROCESSOR SEGMENT TO HOLD LARGER SHARE OF SMART CARD IC MARKET FROM 2022 TO 2027
           TABLE 14 SMART CARD IC MARKET, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 15 SMART CARD IC MARKET, BY TYPE, 2022–2027 (USD MILLION)
    6.2 MICROPROCESSOR
           6.2.1 ENABLES ADDITION, DELETION, AND MANIPULATION OF DATA
                    TABLE 16 MICROPROCESSOR: SMART CARD IC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 17 MICROPROCESSOR: SMART CARD IC MARKET, BY REGION, 2022–2027 (USD MILLION)
    6.3 MEMORY
           6.3.1 LESS EXPENSIVE THAN MICROCONTROLLERS
                    TABLE 18 MEMORY: SMART CARD IC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 19 MEMORY: SMART CARD IC MARKET, BY REGION, 2022–2027 (USD MILLION)

7 SMART CARD IC MARKET, BY ARCHITECTURE (Page No. - 89)
    7.1 INTRODUCTION
           FIGURE 42 SMART CARD IC MARKET, BY ARCHITECTURE
           FIGURE 43 32-BIT SEGMENT TO HOLD LARGER SHARE OF SMART CARD IC MARKET FROM 2022 TO 2027
           TABLE 20 SMART CARD IC MARKET, BY ARCHITECTURE, 2018–2021 (USD MILLION)
           TABLE 21 SMART CARD IC MARKET, BY ARCHITECTURE, 2022–2027 (USD MILLION)
    7.2 16-BIT
           7.2.1 OFFERS HIGH CLOCK SPEED AND WIDER DATA PATHS
    7.3 32-BIT
           7.3.1 CAPABLE OF STORING LARGE VOLUMES OF DATA

8 SMART CARD IC MARKET, BY INTERFACE (Page No. - 92)
    8.1 INTRODUCTION
           FIGURE 44 SMART CARD IC MARKET, BY INTERFACE
           FIGURE 45 CONTACTLESS INTERFACE SEGMENT TO HOLD LARGEST SHARE OF SMART CARD IC MARKET FROM 2022 TO 2027
           TABLE 22 SMART CARD IC MARKET, BY INTERFACE, 2018–2021 (USD MILLION)
           TABLE 23 SMART CARD IC MARKET, BY INTERFACE, 2022–2027 (USD MILLION)
    8.2 CONTACT INTERFACE
           8.2.1 CONTACT WITH CARD READER NECESSARY TO FACILITATE READING
                    TABLE 24 CONTACT: SMART CARD IC MARKET, BY REGION, 2018–2021 (USD THOUSAND)
                    TABLE 25 CONTACT: SMART CARD IC MARKET, BY REGION, 2022–2027 (USD THOUSAND)
    8.3 CONTACTLESS INTERFACE
           8.3.1 CONTACTLESS CARDS USE RADIO FREQUENCY TO READ DATA
                    TABLE 26 CONTACTLESS: SMART CARD IC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 27 CONTACTLESS: SMART CARD IC MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.4 DUAL INTERFACE
           8.4.1 COMBINES FEATURES OF BOTH CONTACT AND CONTACTLESS INTERFACES
                    TABLE 28 DUAL INTERFACE: SMART CARD IC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 29 DUAL INTERFACE: SMART CARD IC MARKET, BY REGION, 2022–2027 (USD MILLION)

9 SMART CARD IC MARKET, BY APPLICATION (Page No. - 98)
    9.1 INTRODUCTION
           FIGURE 46 SMART CARD IC MARKET, BY APPLICATION
           FIGURE 47 USIMS/ESIMS APPLICATION TO HOLD LARGEST SHARE OF SMART CARD IC MARKET FROM 2022 TO 2027
           TABLE 30 SMART CARD IC MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 31 SMART CARD IC MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           TABLE 32 SMART CARD IC MARKET, BY APPLICATION, 2018–2021 (MILLION UNITS)
           TABLE 33 SMART CARD IC MARKET, BY APPLICATION, 2022–2027 (MILLION UNITS)
    9.2 USIMS/ESIMS
           9.2.1 OFFER ENHANCED DATA SECURITY COMPARED WITH TRADITIONAL SIM CARDS
                    TABLE 34 USIMS/ESIMS: SMART CARD IC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 35 USIMS/ESIMS: SMART CARD IC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 36 USIMS/ESIMS: SMART CARD IC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 37 USIMS/ESIMS: SMART CARD IC MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.3 ID CARDS
           9.3.1 EMPLOYEE ID
                    9.3.1.1 Smart employee ID cards used to secure access to physical facilities and computer systems and networks
           9.3.2 CITIZEN ID
                    9.3.2.1 Captured largest share of smart card IC market in 2021
           9.3.3 EPASSPORT
                    9.3.3.1 Helps reduce circulation of fake passports
           9.3.4 DRIVING LICENSE
                    9.3.4.1 Smart chips embedded licenses protect against falsification of documents
                               FIGURE 48 EPASSPORT SEGMENT TO REGISTER HIGHEST CAGR FROM 2022 TO 2027
                               TABLE 38 ID CARDS: SMART CARD IC MARKET, BY SUB TYPE, 2018–2021 (USD MILLION)
                               TABLE 39 ID CARDS: SMART CARD IC MARKET, BY SUB TYPE, 2022–2027 (USD MILLION)
                               TABLE 40 ID CARDS: SMART CARD IC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                               TABLE 41 ID CARDS: SMART CARD IC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                               TABLE 42 ID CARDS: SMART CARD IC MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 43 ID CARDS: SMART CARD IC MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.4 FINANCIAL CARDS
           9.4.1 CREDIT CARDS
                    9.4.1.1 Adoption of credit cards to propel demand for smart card ICs
           9.4.2 DEBIT CARDS
                    9.4.2.1 Contactless payments to fuel demand for debit cards
                               TABLE 44 FINANCIAL CARDS: SMART CARD IC MARKET, BY SUB TYPE, 2018–2021 (USD MILLION)
                               TABLE 45 FINANCIAL CARDS: SMART CARD IC MARKET, BY SUB TYPE, 2022–2027 (USD MILLION)
                               TABLE 46 FINANCIAL CARDS: SMART CARD IC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                               TABLE 47 FINANCIAL CARDS: SMART CARD IC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                               TABLE 48 FINANCIAL CARDS: SMART CARD IC MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 49 FINANCIAL CARDS: SMART CARD IC MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.5 IOT DEVICES
           9.5.1 INTEGRATED ICS TO ELEVATE LEVEL OF SECURITY AND PREVENT UNAUTHORIZED TAMPERING
                    TABLE 50 IOT DEVICES: SMART CARD IC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 51 IOT DEVICES: SMART CARD IC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 52 IOT DEVICES: SMART CARD IC MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 53 IOT DEVICES: SMART CARD IC MARKET, BY REGION, 2022–2027 (USD MILLION)

10 SMART CARD IC MARKET, BY END-USER INDUSTRY (Page No. - 112)
     10.1 INTRODUCTION
             FIGURE 49 SMART CARD IC MARKET, BY END-USER INDUSTRY
             FIGURE 50 TELECOMMUNICATIONS SEGMENT TO LEAD SMART CARD IC MARKET FROM 2022 TO 2027
             TABLE 54 SMART CARD IC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 55 SMART CARD IC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
     10.2 TELECOMMUNICATIONS
             10.2.1 EXTENSIVELY USES SMART CARD ICS IN USIM CARDS
                        TABLE 56 TELECOMMUNICATIONS: SMART CARD IC MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 57 TELECOMMUNICATIONS: SMART CARD IC MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.3 BFSI
             10.3.1 BFSI PRIME USER OF SMART CARD TECHNOLOGY
                       FIGURE 51 ASIA PACIFIC TO CAPTURE LARGEST SHARE OF SMART CARD IC MARKET FOR BFSI IN 2022
                        TABLE 58 BFSI: SMART CARD IC MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 59 BFSI: SMART CARD IC MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.4 GOVERNMENT AND HEALTHCARE
             10.4.1 GOVERNMENT INITIATIVES TO DIGITALIZE DOCUMENTATION TO FUEL ADOPTION OF SMART CARDS
                        TABLE 60 GOVERNMENT & HEALTHCARE: SMART CARD IC MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 61 GOVERNMENT & HEALTHCARE: SMART CARD IC MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.5 TRANSPORTATION
             10.5.1 SMART CARDS ENSURE SMOOTH PASSENGER FLOW IN SUBWAYS, BUSES, TROLLEYS, AND OTHER PUBLIC TRANSPORT MEDIUMS
                        TABLE 62 TRANSPORTATION: SMART CARD IC MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 63 TRANSPORTATION: SMART CARD IC MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.6 EDUCATION
             10.6.1 USES SMART CARDS TO MANAGE ACCESS TO CAMPUS AND MAINTAIN STUDENT RECORDS
                        TABLE 64 EDUCATION: SMART CARD IC MARKET, BY REGION, 2018–2021 (USD THOUSAND)
                        TABLE 65 EDUCATION: SMART CARD IC MARKET, BY REGION, 2022–2027 (USD THOUSAND)
     10.7 RETAIL
             10.7.1 USES SMART CARDS TO ACQUIRE CUSTOMER DATA
                        TABLE 66 RETAIL: SMART CARD IC MARKET, BY REGION, 2018–2021 (USD THOUSAND)
                        TABLE 67 RETAIL: SMART CARD IC MARKET, BY REGION, 2022–2027 (USD THOUSAND)
     10.8 OTHERS
             TABLE 68 OTHERS: SMART CARD IC MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 69 OTHERS: SMART CARD IC MARKET, BY REGION, 2022–2027 (USD MILLION)

11 SMART CARD IC MARKET, BY REGION (Page No. - 124)
     11.1 INTRODUCTION
             FIGURE 52 REGIONAL SPLIT OF SMART CARD IC MARKET
             FIGURE 53 ASIA PACIFIC TO LEAD GLOBAL SMART CARD IC MARKET IN 2022
             TABLE 70 SMART CARD IC MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 71 SMART CARD IC MARKET, BY REGION, 2022–2027 (USD MILLION)
     11.2 NORTH AMERICA
             FIGURE 54 NORTH AMERICA: SMART CARD IC MARKET SNAPSHOT
             FIGURE 55 US TO REGISTER HIGHEST CAGR IN NORTH AMERICAN SMART CARD IC MARKET FROM 2022 TO 2027
             TABLE 72 NORTH AMERICA: SMART CARD IC MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 73 NORTH AMERICA: SMART CARD IC MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 74 NORTH AMERICA: SMART CARD IC MARKET, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 75 NORTH AMERICA: SMART CARD IC MARKET, BY TYPE, 2022–2027 (USD MILLION)
             TABLE 76 NORTH AMERICA: SMART CARD IC MARKET, BY INTERFACE, 2018–2021 (USD MILLION)
             TABLE 77 NORTH AMERICA: SMART CARD IC MARKET, BY INTERFACE, 2022–2027 (USD MILLION)
             TABLE 78 NORTH AMERICA: SMART CARD IC MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 79 NORTH AMERICA: SMART CARD IC MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 80 NORTH AMERICA: SMART CARD IC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 81 NORTH AMERICA: SMART CARD IC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
             11.2.1 US
                        11.2.1.1 Likely to register highest CAGR in North America during forecast period
             11.2.2 CANADA
                        11.2.2.1 Extensive adoption of smart card ICs in diverse applications to substantiate market growth
             11.2.3 MEXICO
                        11.2.3.1 ePassport project initiated by government to accelerate market growth
     11.3 EUROPE
             FIGURE 56 EUROPE: SMART CARD IC MARKET SNAPSHOT
             TABLE 82 EUROPE: SMART CARD IC MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 83 EUROPE: SMART CARD IC MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 84 EUROPE: SMART CARD IC MARKET, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 85 EUROPE: SMART CARD IC MARKET, BY TYPE, 2022–2027 (USD MILLION)
             FIGURE 57 CONTACTLESS INTERFACE SEGMENT TO LEAD SMART CARD IC MARKET IN EUROPE FROM 2022 TO 2027
             TABLE 86 EUROPE: SMART CARD IC MARKET, BY INTERFACE, 2018–2021 (USD MILLION)
             TABLE 87 EUROPE: SMART CARD IC MARKET, BY INTERFACE, 2022–2027 (USD MILLION)
             TABLE 88 EUROPE: SMART CARD IC MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 89 EUROPE: SMART CARD IC MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 90 EUROPE: SMART CARD IC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 91 EUROPE: SMART CARD IC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
             11.3.1 UK
                        11.3.1.1 BFSI industry to fuel market growth in UK
             11.3.2 GERMANY
                        11.3.2.1 Demand from BFSI and government sector to boost market
             11.3.3 FRANCE
                        11.3.3.1 Focus on strengthening public safety to lead to adoption of smart card ICs
             11.3.4 ITALY
                        11.3.4.1 Issuance of government ID documents to accelerate market growth
             11.3.5 REST OF EUROPE
     11.4 ASIA PACIFIC
             FIGURE 58 ASIA PACIFIC: SMART CARD IC MARKET SNAPSHOT
             TABLE 92 ASIA PACIFIC: SMART CARD IC MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 93 ASIA PACIFIC: SMART CARD IC MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 94 ASIA PACIFIC: SMART CARD IC MARKET, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 95 ASIA PACIFIC: SMART CARD IC MARKET, BY TYPE, 2022–2027 (USD MILLION)
             TABLE 96 ASIA PACIFIC: SMART CARD IC MARKET, BY INTERFACE, 2018–2021 (USD MILLION)
             TABLE 97 ASIA PACIFIC: SMART CARD IC MARKET, BY INTERFACE, 2022–2027 (USD MILLION)
             TABLE 98 ASIA PACIFIC: SMART CARD IC MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 99 ASIA PACIFIC: SMART CARD IC MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             FIGURE 59 TELECOMMUNICATIONS SEGMENT TO LEAD SMART CARD IC MARKET IN ASIA PACIFIC FROM 2022 TO 2027
             TABLE 100 ASIA PACIFIC: SMART CARD IC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 101 ASIA PACIFIC: SMART CARD IC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
             11.4.1 CHINA
                        11.4.1.1 Fastest-growing country-level market in Asia Pacific
             11.4.2 JAPAN
                        11.4.2.1 Digitalization initiatives by government to spur market growth
             11.4.3 INDIA
                        11.4.3.1 Technological developments in telecommunications and government verticals to generate demand for smart card ICs
             11.4.4 SOUTH KOREA
                        11.4.4.1 Widespread adoption of 5G to induce demand for smart card ICs
             11.4.5 REST OF ASIA PACIFIC
     11.5 REST OF THE WORLD (ROW)
             FIGURE 60 SOUTH AMERICA TO REGISTER HIGHER CAGR THAN MIDDLE EAST & AFRICA FROM 2022 TO 2027
             TABLE 102 REST OF THE WORLD: SMART CARD IC MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 103 REST OF THE WORLD: SMART CARD IC MARKET, BY REGION, 2022–2027 (USD MILLION)
             TABLE 104 REST OF THE WORLD: SMART CARD IC MARKET, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 105 REST OF THE WORLD: SMART CARD IC MARKET, BY TYPE, 2022–2027 (USD MILLION)
             TABLE 106 REST OF THE WORLD: SMART CARD IC MARKET, BY INTERFACE, 2018–2021 (USD THOUSAND)
             TABLE 107 REST OF THE WORLD: SMART CARD IC MARKET, BY INTERFACE, 2022–2027 (USD THOUSAND)
             TABLE 108 REST OF THE WORLD: SMART CARD IC MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 109 REST OF THE WORLD: SMART CARD IC MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 110 REST OF THE WORLD: SMART CARD IC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD THOUSAND)
             TABLE 111 REST OF THE WORLD: SMART CARD IC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD THOUSAND)
             11.5.1 MIDDLE EAST & AFRICA (MEA)
                        11.5.1.1 To account for larger share of smart card IC market in RoW
             11.5.2 SOUTH AMERICA
                        11.5.2.1 Rapid adoption of smart student ID cards to favor market

12 COMPETITIVE LANDSCAPE (Page No. - 150)
     12.1 OVERVIEW
     12.2 MARKET EVALUATION FRAMEWORK
             TABLE 112 REVIEW OF STRATEGIES ADOPTED BY KEY SMART CARD IC MANUFACTURERS
             12.2.1 PRODUCT PORTFOLIO
             12.2.2 REGIONAL FOCUS
             12.2.3 MANUFACTURING FOOTPRINT
             12.2.4 ORGANIC/INORGANIC STRATEGIES
     12.3 MARKET SHARE ANALYSIS, 2021
             FIGURE 61 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS IN SMART CARD IC MARKET, 2021
             TABLE 113 MARKET SHARE ANALYSIS OF TOP FIVE COMPANIES (2021)
     12.4 REVENUE ANALYSIS: TOP FIVE COMPANIES (2017–2021)
             FIGURE 62 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN SMART CARD IC MARKET, 2017–2021
     12.5 COMPANY EVALUATION QUADRANT
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE PLAYERS
             12.5.4 PARTICIPANTS
                        FIGURE 63 COMPANY EVALUATION QUADRANT, 2021
                        TABLE 114 COMPANY INTERFACE FOOTPRINT
                        TABLE 115 COMPANY APPLICATION FOOTPRINT
                        TABLE 116 COMPANY REGION FOOTPRINT
                        TABLE 117 COMPANY OVERALL FOOTPRINT
     12.6 COMPETITIVE SCENARIOS AND TRENDS
             12.6.1 PRODUCT LAUNCHES
                        TABLE 118 PRODUCT LAUNCHES, 2020–2022
             12.6.2 DEALS
                        TABLE 119 DEALS, 2020–2022
             12.6.3 OTHERS
                        TABLE 120 OTHERS, 2020–2022

13 COMPANY PROFILES (Page No. - 165)
(Business Overview, Products/Solutions offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 
     13.1 KEY PLAYERS
             13.1.1 INFINEON TECHNOLOGIES AG
                        TABLE 121 INFINEON TECHNOLOGIES AG: BUSINESS OVERVIEW
                        FIGURE 64 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
                        TABLE 122 INFINEON TECHNOLOGIES AG: PRODUCTS/SOLUTIONS OFFERINGS
                        TABLE 123 INFINEON TECHNOLOGIES AG: PRODUCT LAUNCHES
                        TABLE 124 INFINEON TECHNOLOGIES AG: DEALS
             13.1.2 NXP SEMICONDUCTORS N.V.
                        TABLE 125 NXP SEMICONDUCTORS N.V.: BUSINESS OVERVIEW
                        FIGURE 65 NXP SEMICONDUCTORS N.V.: COMPANY SNAPSHOT
                        TABLE 126 NXP SEMICONDUCTORS N.V.: PRODUCTS/SOLUTIONS OFFERINGS
                        TABLE 127 NXP SEMICONDUCTORS N.V.: PRODUCT LAUNCHES
                        TABLE 128 NXP SEMICONDUCTORS N.V.: DEALS
             13.1.3 SAMSUNG ELECTRONICS CO., LTD.
                        TABLE 129 SAMSUNG ELECTRONICS CO., LTD.: BUSINESS OVERVIEW
                        FIGURE 66 SAMSUNG ELECTRONICS CO., LTD.: COMPANY SNAPSHOT
                        TABLE 130 SAMSUNG ELECTRONICS CO., LTD.: PRODUCTS/SOLUTIONS OFFERINGS
                        TABLE 131 SAMSUNG ELECTRONICS CO., LTD.: PRODUCT LAUNCHES
             13.1.4 STMICROELECTRONICS N.V.
                        TABLE 132 STMICROELECTRONICS N.V.: BUSINESS OVERVIEW
                        FIGURE 67 STMICROELECTRONICS N.V.: COMPANY SNAPSHOT
                        TABLE 133 STMICROELECTRONICS N.V.: PRODUCTS/SOLUTIONS OFFERINGS
                        TABLE 134 STMICROELECTRONICS N.V.: PRODUCT LAUNCHES
                        TABLE 135 STMICROELECTRONICS N.V.: DEALS
             13.1.5 MICROCHIP TECHNOLOGY INCORPORATED (ATMEL CORPORATION)
                        TABLE 136 MICROCHIP TECHNOLOGY INCORPORATED (ATMEL CORPORATION): BUSINESS OVERVIEW
                        FIGURE 68 MICROCHIP TECHNOLOGY INCORPORATED (ATMEL CORPORATION): COMPANY SNAPSHOT
                        TABLE 137 MICROCHIP TECHNOLOGY INCORPORATED: PRODUCTS/SOLUTIONS OFFERINGS
             13.1.6 CEC HUADA ELECTRONIC DESIGN CO., LTD.
                        TABLE 138 CEC HUADA ELECTRONIC DESIGN CO., LTD.: BUSINESS OVERVIEW
                        TABLE 139 CEC HUADA ELECTRONIC DESIGN CO., LTD.: PRODUCTS/SOLUTIONS OFFERINGS
             13.1.7 ANALOG DEVICES, INC.
                        TABLE 140 ANALOG DEVICES, INC.: BUSINESS OVERVIEW
                        FIGURE 69 ANALOG DEVICES, INC.: COMPANY SNAPSHOT
                        TABLE 141 ANALOG DEVICES, INC.: PRODUCTS/SOLUTIONS OFFERINGS
                        TABLE 142 ANALOG DEVICES, INC.: DEALS
             13.1.8 SONY GROUP CORPORATION
                        TABLE 143 SONY GROUP CORPORATION: BUSINESS OVERVIEW
                        FIGURE 70 SONY GROUP CORPORATION: COMPANY SNAPSHOT
                        TABLE 144 SONY GROUP CORPORATION: PRODUCTS/SOLUTIONS OFFERINGS
                        TABLE 145 SONY GROUP CORPORATION: PRODUCT LAUNCHES
                        TABLE 146 SONY GROUP CORPORATION: OTHERS
             13.1.9 TOSHIBA CORPORATION
                        TABLE 147 TOSHIBA CORPORATION: BUSINESS OVERVIEW
                        FIGURE 71 TOSHIBA CORPORATION: COMPANY SNAPSHOT
                        TABLE 148 TOSHIBA CORPORATION: PRODUCTS/SOLUTIONS OFFERINGS
             13.1.10 ON SEMICONDUCTOR CORPORATION
                        TABLE 149 ON SEMICONDUCTOR CORPORATION: BUSINESS OVERVIEW
                        FIGURE 72 ON SEMICONDUCTOR CORPORATION: COMPANY SNAPSHOT
                        TABLE 150 ON SEMICONDUCTOR CORPORATION: PRODUCTS/SOLUTIONS OFFERINGS
     13.2 OTHER PLAYERS
             13.2.1 SHANGHAI FUDAN MICROELECTRONICS GROUP CO., LTD.
             13.2.2 WATCH DATA CO., LTD.
             13.2.3 TEXAS INSTRUMENTS INCORPORATED
             13.2.4 NATIONS TECHNOLOGIES INC.
             13.2.5 ZIGUANG TONGXIN MICROELECTRONICS CO., LTD. (TMC)
             13.2.6 KONA I
             13.2.7 HT MICRON
             13.2.8 IMATRIC LLC
             13.2.9 ICTK HOLDINGS CO., LTD.
             13.2.10 EM MICROELECTRONIC
*Details on Business Overview, Products/Solutions offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies. 

14 APPENDIX (Page No. - 215)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 CUSTOMIZATION OPTIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS 

The study involved four major activities in estimating the size of the smart card IC market. Exhaustive secondary research was done to collect information on the market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market’s size. After that, market breakdown and data triangulation were used to determine the market sizes of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources have been referred to identify and collect information relevant to this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories; and databases. Secondary research has been mainly conducted to obtain key information about the industry's supply chain, value chain of the market, the total pool of key players, market classification and segmentation according to industry trends, geographic markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the smart card IC market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from both the demand- and supply-side vendors across four major regions—North America, Europe, Asia Pacific, and Rest of the World (South America, the Middle East, and Africa). Approximately 25% of the primary interviews have been conducted with the demand side and 75% with the supply side. This primary data has been collected mainly through telephonic interviews, which consists 80% of total primary interviews; however, questionnaires and e-mails have also been used to collect the data.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Smart Card IC Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach has been implemented to arrive at the overall size of the smart card IC market from the revenues of the key players in the market. Calculations based on the revenue of the key players identified in the market led to the overall market size.

  • Identifying various key players offering smart card IC
  • Analyzing the global penetration of smart card IC in various applications and end-user industries
  • Estimating the market for smart card IC, by end-user industry
  • Tracking the ongoing and upcoming developments in smart card IC applications and forecasting the market based on these developments and other critical parameters
  • Undertaking multiple discussions with key opinion leaders to understand working principle of smart card IC and their applications, which helped analyze the impact of developments undertaken by each major company to increase their share in the smart card IC market
  • Verifying and crosschecking estimates at every level with key opinion leaders, including chief executive officers (CEOs), directors, and operation managers, and then finally with the domain experts at MarketsandMarkets
  • Studying various paid and unpaid sources of information such as annual reports, press releases, white papers, and databases for the company- and region-specific developments undertaken in the smart card IC market

Smart Card IC Market Size: Bottom-Up Approach:

Smart Card IC Market Size, and Bottom-Up Approach

In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits obtained from the secondary and primary research processes.

  • Focusing initially on the investments and expenditures undertaken in the ecosystem of smart card IC; further splitting them into type, architecture, interface, application, end-user industry, and region and listing key developments in major market areas
  • Identifying key players in the smart card IC market based on application and end-user industry and verifying the findings through secondary research and brief discussions with industry experts
  • Analyzing revenues, product mix, geographic presence, and key end-use applications of smart card IC to estimate and arrive at the percentage splits
  • Discussing these splits with industry experts to validate the information and identify key growth pockets across all major segments
  • Breaking down the total market based on verified splits and key growth pockets across all segments

Smart Card IC Market Size: Top-Down Approach:

Smart Card IC Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedure has been employed, wherever applicable. The data has been triangulated by studying various factors and trends in both the demand and supply sides. Along with this, the market has been validated using both top-down and bottom-up approaches.

Report Objectives:

  • To describe, segment, and forecast the smart card integrated circuit (IC) market, by type, architecture, interface, and end-user industry, in terms of value
  • To describe and forecast the market size for different applications of smart card IC, in terms of value and volume
  • To describe and forecast the market for four key regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW), in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the smart card IC market
  • To provide a detailed overview of the value chain pertaining to the smart card IC ecosystem, along with the average selling prices of smart card IC for different applications
  • To strategically analyze the ecosystem, Porter’s five forces, technologies, tariffs and regulations, patent landscape, trade landscape, key conferences and events, and case studies pertaining to the market under study
  • To strategically analyze micromarkets1 with regard to individual growth trends, prospects, and contributions to the overall market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market
  • To analyze competitive developments such as product launches, collaborations, partnerships, contracts, expansions, and acquisitions in the smart card IC market
  • To strategically profile the key players in the smart card IC market and comprehensively analyze their market ranking and core competencies2

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players based on various blocks of the supply chain
Report Code
SE 8178
Published ON
Oct, 2022
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