Global Smart Card IC Market 2015-2019 with Infineon Technologies, NXP Semiconductors, Samsung Semiconductor & STMicroelectronics Dominating

This report covers the current scenario and the growth prospects of the global smart card IC market for the period 2015-2019. In addition to application segments, the report explains the technological landscape of smart card ICs and the market segment based on components such as a microcontroller and memory-based chip. It provides a global overview, and the growth prospects of the market by region (APAC, EMEA, and Americas).

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

According to the report, the growth of e-commerce and m-commerce have increased the demand for safe and secure payment options, thereby raising the demand for smart cards. Also, retail stores deploy loyalty cards to their customers that store customer information and the points earned by them. These points can be redeemed in the future.

Further, the report states that the growth of the global smart card IC market is curtailed by some serious challenges. As the smart card ICs are priced at a low range, the gross margin earned by the manufacturers is less as compared to the other MCU products. Different companies have different international and regional standards for ICs. Therefore, the supply-chain issues, along with low penetration of POS terminals in the retail sector, in the developing countries, are expected to hinder market growth during the forecast period.

Key Vendors

Other Prominent Vendors

Key Topics Covered:

For more information visit http://www.researchandmarkets.com/research/28vsvb/global_smart_card

Media Contact: Laura Wood , +353-1-481-1716, [email protected]