Global Smart Card IC Market 2015-2019

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Global Smart Card IC Market 2015-2019

The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Global Smart Card IC Market 2015-2019,

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Key Trends

Technavio’s Senior Analyst says, “The market is expected to experience growth because of advances in technology leading to the availability of hybrid cards. These cards have two chips: a contact interface and a contactless interface. These cards are also multipurpose, so the user does not need to carry multiple cards. The future shopping habits of consumers are likely to shift from an offline mode to an online model, thereby creating a huge market for smart cards.”

• A smart card is a pocket-sized plastic card embedded with ICs; these ICs are also called microchips. A smart card with a microchip is known as a smart card IC. It can store and process a large amount of data, and this helps in the secured payment transaction with functions such as encryption and digital signatures.

• Technavio's analysts forecast the global smart card IC market to grow at CAGR of 8.06% and 8.67%, in terms of revenue and unit sales, respectively, over the period 2014-2019.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:

Global Smart Card IC Market 2015-2019

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Vendors

To understand the vendor landscape and

for a full list of vendors view our report:

Global Smart Card IC Market 2015-2019

Infineon Technologies

Nxp Semiconductors

Samsung Semiconductor

Infineon Technologies was established in 1999 and is headquartered in Neubiberg, Munich, Germany. The company provides semiconductors and system solutions.

Nxp Semiconductors is a semiconductor company that was established in 2006 and is headquartered in Eindhoven, the Netherlands.

Samsung Semiconductor was founded in 1974 and is headquartered in California, US. It designs and manufactures semiconductors, LCD panels, and storage products for mobile, desktop computing, consumer electronics, and industrial communication system applications.

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Market Landscape

• The high rate of growth can be attributed to the initiatives taken by the government of different countries for the adoption of smart card technology in various applications such as e-passports, voter ID, and driving licenses.

• The market is expected to increase gradually as more developing countries are likely to implement this technology.

• The market has observed a boom in IoT and M2M communication, as consumer devices manufacturers launch new products and new models of existing products such as portable SIM that can be used in wearable devices and in smartphones and tablets.

• The adoption rate of wearable devices will decrease because consumers lack awareness about the benefits associated with them, thereby they feel reluctant to use these devices.

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Key Buying Criteria

Parameter Details

Durability

A smart card IC should have a long life span in order to support the smart card capabilities.

Cost The cost of a smart card IC should be low to reduce the production costs of the manufacturers.

Power Consumption Power consumption should be very low to support the life span of the battery used in smart cards.

Security A smart Card IC should be high on security in order to protect the data stored in it.

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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Global Smart Card IC Market 2015-2019

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