Opportunities in the smart card IC market have evolved through a number of stages i.e. from introduced smart card IC to NFC smart card. Lucintel has found the future of this market to be promising; the smart card IC market is expected to reach $3.7 billion by 2025 with a CAGR of 2.6%. In this market, microcontroller is the largest segment by card type, whereas telecommunication is largest by end use industry. Players can benefit from the available opportunities like increasing demand for smartphones.
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Infineon Technologies AG, NXP Semiconductor, Samsung Electronics, STMicroelectronics, and CEC Huada Electronic Design Co. Ltd and others are some of the companies profiled in this report.
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