Smart Card IC Market Report by Type (Microcontroller, Memory), Interface (Contact, Contactless, Dual Interface), Architecture Type (16-Bit, 32-Bit, and Others), Application (USIM/eSIMs, ID Cards, Financial Cards, IoT Devices), End Use Industry (E-Government, Telecommunication, Transportation, Payment and Banking, and Others), and Region 2024-2032

Smart Card IC Market Report by Type (Microcontroller, Memory), Interface (Contact, Contactless, Dual Interface), Architecture Type (16-Bit, 32-Bit, and Others), Application (USIM/eSIMs, ID Cards, Financial Cards, IoT Devices), End Use Industry (E-Government, Telecommunication, Transportation, Payment and Banking, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A6737
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Market Overview:

The global smart card IC market size reached US$ 3.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.71% during 2024-2032. The increasing number of debit and credit card users, rising usage in small and medium-scale enterprises (SMEs), and the growing employment of IoT devices represent some of the key factors driving the market.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 3.0 Billion
Market Forecast in 2032
US$ 4.6 Billion
Market Growth Rate (2024-2032) 4.71%


A smart card integrated circuit (IC), also known as a chip card, is embedded in a plastic card and serves as a service token for storing and transacting data between users. It is associated with value and information and stored and processed within memory and microprocessor card chip. It is commonly available in microcontroller and memory variants. Among these, the microcontroller smart card IC comprises a central processing unit (CPU), crystal oscillator, timers, watchdog, and analog input and output. It helps reduce the complexity, costs, size of circuits, and discrete components in embedded systems. On the other hand, the memory smart card IC is dependent on the card reader for their processing and suitable for uses wherein the card performs a fixed operation.

Global Smart Card IC Market

Smart Card IC Market Trends:

The increasing adoption of cashless transactions on account of rapid digitization, rising sales of smartphones and high-speed internet connectivity represents one of the key factors driving the demand for smart card IC around the world. Moreover, there is an increase in the number of debit and credit card users as they provide secured transactions and security. This, coupled with cashbacks and discount vouchers offered by banks of numerous countries to small and medium-sized merchants for encouraging digital transactions. In addition, the rising number of e-commerce websites and increasing preferences for online shopping is driving the adoption of smart card IC worldwide. Apart from this, the growing adoption of smart employee identification (ID) cards in small and medium-scale enterprises (SMEs) for securing access to physical facilities and computer systems and networks is influencing the market positively. Furthermore, the increasing use of contactless smart card IC for public transportation is contributing to the market growth. Besides this, the rising use of smart card IC in the healthcare industry to manage patient identity, provide practitioners and pharmacists secure access to their medical records and reduce fraud is strengthening the growth of the market. Additionally, the increasing use of smart card IC in eSIM or SIM for various internet of things (IoT) devices to authenticate user identity and store data is creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global smart card IC market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, interface, architecture type, application, and end use industry.

Type Insights:

  • Microcontroller
  • Memory
     

The report has provided a detailed breakup and analysis of the smart card IC market based on the type. This includes microcontroller and memory. According to the report, microcontroller represented the largest segment.

Interface Insights:

  • Contact
  • Contactless
  • Dual Interface
     

A detailed breakup and analysis of the smart card IC market based on the interface has also been provided in the report. This includes contact, contactless, and dual interface. According to the report, contactless accounted for the largest market share.

Architecture Type Insights:

  • 16-Bit
  • 32-Bit
  • Others
     

A detailed breakup and analysis of the smart card IC market based on the architecture type has also been provided in the report. This includes 16-bit, 32-bit, and others. According to the report, 16-bit accounted for the largest market share.

Application Insights:

  • USIM/eSIMs
  • ID Cards
    • Employee ID
    • Citizen ID
    • E-Passport
    • Driving License
  • Financial Cards
    • Credit Cards
    • Debit Cards
  • IoT Devices
     

A detailed breakup and analysis of the smart card IC market based on the application has also been provided in the report. This includes USIM/eSIMs, ID cards (employee ID, citizen ID, e-passport and driving license), financial cards (credit cards and debit cards), and IoT devices.  According to the report, USIM/eSIMs accounted for the largest market share.

End Use Industry Insights:

  • E-Government
  • Telecommunication
  • Transportation
  • Payment and Banking
  • Others
     

A detailed breakup and analysis of the smart card IC market based on the end use industry has also been provided in the report. This includes e-government, telecommunication, transportation, payment and banking, and others. According to the report, telecommunication accounted for the largest market share.

Regional Insights:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, Asia Pacific was the largest market for smart card IC. Some of the factors driving the Asia Pacific smart card IC market included rapid digitization, emerging business models, and the integration of advanced technologies.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global smart card IC market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Analog Devices Inc, CardLogix Corporation, CEC Huada Electronic Design Co. Ltd., Eastcompeace Technology Co. Ltd., Imatric LLC, On Semiconductor Corporation, Shanghai Fudan Microelectronics Group Co. Ltd., SONY Group Corporation, STMicroelectronics N.V., Texas Instruments Incorporated, Toshiba Corporation, Watchdata Technologies Pte Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
    Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Interface, Architecture Type, Application, End Use Industry, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Analog Devices Inc, CardLogix Corporation, CEC Huada Electronic Design Co. Ltd., Eastcompeace Technology Co. Ltd., Imatric LLC, On Semiconductor Corporation, Shanghai Fudan Microelectronics Group Co. Ltd., SONY Group Corporation, STMicroelectronics N.V., Texas Instruments Incorporated, Toshiba Corporation, Watchdata Technologies Pte Ltd., etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the global smart card IC market performed so far and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global smart card IC market?
  • What are the key regional markets?
  • Which countries represent the most attractive smart card IC markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the interface?
  • What is the breakup of the market based on the architecture type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use industry?
  • What is the competitive structure of the global smart card IC market?
  • Who are the key players/companies in the global smart card IC market?

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the smart card IC market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global smart card IC market.
  • The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the smart card IC industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Smart Card IC Market Report by Type (Microcontroller, Memory), Interface (Contact, Contactless, Dual Interface), Architecture Type (16-Bit, 32-Bit, and Others), Application (USIM/eSIMs, ID Cards, Financial Cards, IoT Devices), End Use Industry (E-Government, Telecommunication, Transportation, Payment and Banking, and Others), and Region 2024-2032
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