Press release
Smart Card IC Global Market By Card Type, By Application, Architecture Type, By End USer, By Region And Segment Forecast 2023-2032 | Infineon Technologies AG, NXP Semiconductors N.V, Samsung Group, STMicroelectronics, Toshiba Corporation
Smart Card IC Market Size, Growth Rate, And Forecast
The global smart card IC market size is expected to grow from $2.61 billion in 2022 to $2.81 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global smart card IC market size is expected to reach $3.67 billion in 2027 at a CAGR of 7%.
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Smart Card IC Market Drivers
The rise in contactless payments is expected to boost the growth of the smart card IC market going forward. Contactless payment is a payment technique that does not involve physical touch with a card reader or terminal when using a credit card, debit card, or other sort of payment card.
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Smart Card IC Market Segments
• By Type: Microcontroller, Memory
• By Architecture: 16-bit, 32-bit
• By Interface: Contact, Contactless, Dual Interface
• By Application: USIMs/e-SIMs, Id Cards, Financial Cards, Iot Devices
• By Industry: Telecommunications, BFSI, Government and Healthcare, Transportation, Education, Retail, Other Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Smart Card IC market.
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Smart Card IC Market Key Players
Major players in the Smart Card IC market are Infineon Technologies AG, NXP Semiconductors N.V, Samsung Group, STMicroelectronics, CEC Huada Electronic Design Co Ltd., Toshiba Corporation, On Semiconductor Corporation, Eastcompeace Technology Co Ltd., Valid S.A., Microchip Technology Incorporated, Analog Devices Inc., Sony Group Corporation, EM Microelectronic, Watchdata Technologies Ptd Ltd., and CardLogix Corporation.
The Business Research Company's "Global Smart Card IC Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Smart Card IC Market Include:
1. Executive Summary
2. Smart Card IC Market Characteristics
3. Smart Card IC Market Trends And Strategies
4. Smart Card IC Market - Macro Economic Scenario
5. Smart Card IC Market Size And Growth
.....
26. Africa Smart Card IC Market
27. Smart Card IC Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Card IC Market
29. Smart Card IC Market Future Outlook and Potential Analysis
30. Appendix
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