Press release
Smart Card IC Market Expected To Grow At CAGR Of 8.22% Between Years 2017-2021
A smart card is a plastic card that is embedded with an integrated circuit (IC). Smart cards are usually manufactured from plastic, namely, polyvinyl chloride (PVC). They are also made from polyesters or polycarbonates. There are two types of smart cards: contact-based smart cards and contactless cards. In a contact-based smart card, the card comes in contact with a physical reader. In a contactless card, a transaction is established through a remote contactless radio frequency interface.
Technavios analysts forecast the global smart card IC market to grow at a CAGR of 8.22% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global smart card IC market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Smart Card IC Market 2017-2021, 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.
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Key vendors
Infineon Technologies
NXP Semiconductors
SAMSUNG
STMicroelectronics
Other prominent vendors
Atmel
EM Microelectronic-Marin
ON Semiconductor
Renesas Electronics
Shanghai HuaHong Integrated Circuit
Market driver
Increase in number of financial frauds
For a full, detailed list, view our report
Market challenge
Growth of net banking and mobile wallets
For a full, detailed list, view our report
Market trend
SIM cards for M2M communication
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 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?
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