Global Smart Card IC Market
Dublin, Nov. 04, 2022 (GLOBE NEWSWIRE) — The “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 has been added to ResearchAndMarkets.com’s offering.
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 the high demand for Subscriber Identity Modules (SIMs), Universal Subscriber Identity Modules (USIMs), and embedded Subscriber Identity Module (eSIMs) cards; secure ID cards; and financial cards from the ever-growing population and a gradual shift to digitalization and electrification.
In 2022, USIMs/eSIMs segment captured the largest share of the smart card IC market
In 2022, the USIMs/eSIMs segment captured the largest share of the smart card IC market, and a similar trend is likely to be observed throughout the forecast period. The growth of the segment can be attributed to the adoption of USIM/eSIM in consumer electronic devices such as smartphones, mobile phones, tablets, and smartwatches as well as IoT devices. Various smartphone manufacturing companies are working on eSIM technology to ingrate them with their latest smartphone series. For instance, Apple Inc. introduced eSIM technology in its third-generation iPad Pro, iPhone XS line, and will be integrating eSIM in all product lines of iPhone 14 series.
In 2022, the telecommunications end-user industry captured the largest share of the smart card IC market
In 2022, the telecommunications end-user industry accounted for the largest size of the smart card IC market, and a similar trend is likely to be observed during the forecast period. The high growth can be attributed to the technological developments such as adoption of 3G, 4G, and 5G technologies for fast and secure communication. Also, the emergence of eSIMs in smartphones is expected to increase in future. With technological developments, products such as smartphones, smartwatches, wearables, are also evolving to be compatible with the latest technologies. This is spurring the demand for smart card ICs.
In 2022, Europe held the second-largest share of the overall smart card IC market
Europe has witnessed rapid adoption of state-owned healthcare and health insurance systems than the most developed countries across the world. The European Commission has mandated the use of smart cards as a replacement to E-111 paper forms for cross-border healthcare services, which has led to the growth of the smart card IC market in Europe. In addition, the increasing adoption of contactless technology for retail transactions and access control are expected to accelerate the growth of the European smart card IC market. Hence, Europe held the second-largest share of the overall smart card IC market in 2022.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities for Players in Smart Card IC Market
4.2 Smart Card IC Market, by Type
4.3 Smart Card IC Market, by Architecture
4.4 Smart Card IC Market, by Interface
4.5 Smart Card IC Market, by Application
4.6 Smart Card IC Market, by End-user Industry
4.7 Smart Card IC Market, by Region
4.8 Smart Card IC Market, by Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Usage of Sims and Esims in Smartphones
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
5.2.2 Restraints
5.2.2.1 Data Security Concerns Related to Esims
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
5.2.4 Challenges
5.2.4.1 Global Semiconductor Chip Supply Shortage
5.3 Value Chain Analysis
5.4 Ecosystem
5.5 Pricing Analysis
5.6 Revenue Shifts and New Revenue Pockets 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
5.9 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
5.10.2 Buying Criteria
5.11 Case Study Analysis
5.12 Trade Analysis
5.12.1 Import Scenario
5.12.2 Export Scenario
5.13 Patent Analysis
5.14 Key Conferences and Events, 2022-2023
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
6.1 Introduction
6.2 Microprocessor
6.2.1 Enables Addition, Deletion, and Manipulation of Data
6.3 Memory
6.3.1 Less Expensive Than Microcontrollers
7 Smart Card IC Market, by Architecture
7.1 Introduction
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
8.1 Introduction
8.2 Contact Interface
8.2.1 Contact with Card Reader Necessary to Facilitate Reading
8.3 Contactless Interface
8.3.1 Contactless Cards Use Radio Frequency to Read Data
8.4 Dual Interface
8.4.1 Combines Features of Both Contact and Contactless Interfaces
9 Smart Card IC Market, by Application
9.1 Introduction
9.2 Usims/Esims
9.2.1 Offer Enhanced Data Security Compared with Traditional Sim Cards
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 the Largest Share of the 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
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
9.5 IoT Devices
9.5.1 Integrated Ics to Elevate Level of Security and Prevent Unauthorized Tampering
10 Smart Card IC Market, by End-user Industry
10.1 Introduction
10.2 Telecommunications
10.2.1 Extensively Uses Smart Card Ics in Usim Cards
10.3 Bfsi
10.3.1 Bfsi Prime User of Smart Card Technology
10.4 Government and Healthcare
10.4.1 Government Initiatives to Digitalize Documentation to Fuel Adoption of Smart Cards
10.5 Transportation
10.5.1 Smart Cards Ensure Smooth Passenger Flow in Subways, Buses, Trolleys, and Other Public Transport Mediums
10.6 Education
10.6.1 Uses Smart Cards to Manage Access to Campus and Maintain Student Records
10.7 Retail
10.7.1 Uses Smart Cards to Acquire Customer Data
10.8 Others
11 Smart Card IC Market, by Region
12 Competitive Landscape
12.1 Overview
12.2 Market Evaluation Framework
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
12.4 Revenue Analysis: Top Five Companies (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
12.6 Competitive Scenarios and Trends
12.6.1 Product Launches
12.6.2 Deals
12.6.3 Others
13 Company Profiles
13.1 Key Players
13.1.1 Infineon Technologies AG
13.1.2 Nxp Semiconductors N.V.
13.1.3 Samsung Electronics Co. Ltd.
13.1.4 STMicroelectronics N.V.
13.1.5 Microchip Technology Incorporated (Atmel Corporation)
13.1.6 Cec Huada Electronic Design Co. Ltd.
13.1.7 Analog Devices, Inc.
13.1.8 Sony Group Corporation
13.1.9 Toshiba Corporation
13.1.10 ON Semiconductor Corporation
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
14 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/64raeg
Attachment
Global Smart Card IC Market
When SBF approached Musk about investing in his Twitter bid, Musk asked his banker Michael Grimes, "Does Sam actually have $3B liquid?"
Ex-FTX CEO Sam Bankman-Fried lost his entire $16 billion fortune in less than a week after his company filed chapter 11 bankruptcy protection on Friday.
The sudden collapse of FTX, the world’s third-largest cryptocurrency exchange, underlines how important it is for any investor to learn about the risks taken when money is parked with a lightly regulated firm. Sam Bankman-Fried resigned his position as CEO and was replaced by John J. Ray III, a lawyer who has worked on the bankruptcies of Enron, Nortel Networks and many other companies. FTX, based in the Bahamas, held about $16 billion in customer assets but had lent about $10 billion of that to Alameda Research, a trading firm also run by Bankman-Fried and headquartered in Hong Kong, according to a Wall Street Journal report.
(Bloomberg) — Before the world began to grasp the truth about Sam Bankman-Fried — before the panic, the investigations and, at last, the brutal collapse — an inkling of doom began to spread through his convoluted crypto empire. Most Read from Bloomberg‘It’s All Gone’: FTX Bankruptcy Has Retail Traders Bracing for LossesBankrupt FTX Hit by Mysterious Outflow of About $662 MillionBankman-Fried’s Assets Plummet From $16 Billion to Zero in DaysMusk Warns Twitter Bankruptcy Possible as Senior Exec
Shares of energy company Algonquin Power & Utilities (NYSE: AQN) fell as much as 19.5% in trading on Friday after the company reported third-quarter 2022 financial results. Adjusted net earnings fell 25% to $73.5 million, or $0.11 per share. Management said that higher interest payments and a reduction in tax subsidies were the reason for the shortfall.
ExxonMobil (NYSE: XOM) reported a record $19.7 billion profit in the third quarter, fueled partly by surging natural gas prices. Meanwhile, cash flow from operations was even higher at $24.4 billion. The oil giant returned a considerable chunk of that excess cash to shareholders through dividends and share buybacks.
The collapse of the $32 billion FTX empire is dealing a heavy blow to crypto as an industry and asset class. The road to recovery is getting murkier.
When market volatility and inflation persist, retirees or near-retirees might be wondering where to put their money now.
Tim Draper, founder of Draper Associates, balks at comparing stunning implosion of crypto trading platform FTX to the notorious biotech startup Theranos.
Finding solid returns is the goal of the game when it comes to stock investing, and investors of all stripes are always on the lookout for a reliable strategy. One common mode, followed by retail investors seeking accurate clues for stocks on the way up, is keep track of insider trades. Corporate insiders are company officers, in high positions, with responsibility to Board members and shareholders alike for bringing in profits and stock price gains. Their positions give them a deeper knowledge
One of Wall Street's most implacable bulls has laid out his argument for why he thinks U.S. stocks can continue to rally into year's end after Thursday's game-changing October inflation data.
There have been more than 50 changes to the Dow since 1896. Removing these three established companies could be next on the docket.
Over the last month, NVDA shares have melted up, tacking on more than 40% in value and widely outperforming the S&P 500.
With a price-to-earnings (or "P/E") ratio of 33.7x Alibaba Group Holding Limited ( NYSE:BABA ) may be sending very…
In something of a change this earnings season, an electric carmaker (other than Tesla) actually reported a profit for the quarter. Polestar, the Swedish-based company backed by Volvo and China’s Geely, reported its first net profit as a public company since completing its SPAC merger earlier this year.
Paysafe ( NYSE:PSFE ) Third Quarter 2022 Results Key Financial Results Revenue: US$366.0m (up 3.5% from 3Q 2021). Net…
FTX auditor Prager Metis reported the company earned $1 billion in revenues in 2021. An investigation from CoinDesk reveals Prager Metis also operates in Decentraland, where it sponsors the “Decentraland Babydolls.”
The war in Ukraine, ongoing Covid concerns, market volatility and the threat of a recession are enough to make even seasoned investors anxious – particularly about how much of their portfolio is in stocks. Amid all the stress, including about … Continue reading → The post Just Accept It, You Can't Time the Market: Do This Instead During Market Volatility appeared first on SmartAsset Blog.
Long-term investing is key to sustainable returns in the stock market, and few companies exemplify this better than Amazon (NASDAQ: AMZN) with its roughly 700% return over the past decade. Amazon was one of the biggest winners during the worst of the COVID-19 pandemic. Third-quarter North American e-commerce sales jumped 20% year over year to $78.8 billion, but segment operating income fell from $880 million to negative $412 million.
The world is looking to shift toward clean energy sources, but it can't easily move away from oil and natural gas. Enbridge (NYSE: ENB) and Magellan Midstream Partners (NYSE: MMP) are two midstream companies that have reliable dividends and fat yields. Pioneer Natural Resources (NYSE: PXD) has a huge yield today, but "reliable" is not a good way to describe the dividend.