DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9gl38p/global_smart_card) has announced the addition of the "Global Smart Card IC Market 2015-2019" report to their offering.
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.
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.
- Infineon Technologies
- NXP Semiconductors
- Samsung Semiconductor
Other Prominent Vendors
- Shanghai Huahong Integrated Circuits
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Industry Overview
- Technology Landscape
- Market Landscape
- Market Segmentation by Application
- Market Segmentation by Components
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/9gl38p/global_smart_card