A smart card is made up of PVC, polyester, or polycarbonate and is embedded with an IC, an MCU, and a memory chip. The memory chip is embedded with a smart card IC that can store and process a large amount of data. The microcontroller helps to secure payment transactions with functions such as encryption and digital signatures. It provides a tamper-resistant system and protects in-memory information, thereby reducing cases of fraud.
The global smart card IC market to grow at a CAGR of 8.49% during the period 2016-2020.
Global Smart Card IC Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, increasing use of credit and debit cards for transactions will be a key driver for market growth. The increasing use of credit and debit cards for transactions is propelling card manufacturing vendors to adopt smart card-based payment mechanisms. In addition, consumers are expected to use cards and digital money more often than cash as the mode of payment. This encourages vendors to invest in the EMV technology, with the expectation that merchants and consumers will process payments through card transactions in a secure manner.
- Infineon Technologies
- NXP Semiconductors
- Samsung Semiconductor
Other prominent vendors
- Shanghai Huahong Integrated Circuit
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Technology landscape
Part 06: EMV cards
Part 07: Market landscape
Part 08: Market segmentation by application
Part 09: Geographical segmentation
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Market summary
Part 17: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/p4tcvc/global_smart_card