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Smart Card IC Market Present Scenario and Growth Prospects 2016-2020

Semiconductors & Equipment

Updated on Sep 20, 2016

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Global Smart Card IC Market 2016-2020 is the latest addition to Sandlerresearch.org industry research reports collection.
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 analysts forecast Global Smart Card IC Market to grow at a CAGR of 8.49% during the period 2016-2020.

Covered in this Report
This report covers the present scenario and the growth prospects of the global Smart Card IC Market for 2016-2020.

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Key regions
Americas
APAC
EMEA

Key vendors
Infineon Technologies
NXP Semiconductors
Samsung Semiconductor
STMicroelectronics

Other prominent vendors
Shanghai Huahong Integrated Circuit

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Market driver
High demand for contactless EMV cards
For a full, detailed list, view our report

Market challenge
Increase in payment card-related frauds
For a full, detailed list, view our report

Market trend
Increasing use of SIM cards for M2M communications
For a full, detailed list, view our report

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?

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