Press Releases

The Global Smart Card IC Market is expected to grow substantially to USD 5.8 billion by 2030 and will register an 8.7% CAGR during the forecast period. The increased demand for contactless payments, surge in adoption of Subscriber Identification Module (SIM) cards for mobile phones, mounting deployment of electronic identification cards in educational institutions and e-governance projects, increased use of financial cards, and rising use of smart cards in banking industries will accelerate the market development of smart card IC industry. However, increased infrastructure costs and rising data theft and security of eSIMs may impede the market growth of the smart card IC industry. Nevertheless, the increased prominence of IoT in several industrial sectors will bolster the market demand for low-cost and highly effective smart card ICs that are used for secured data storage and data transmission.

STMicroelectronics, have introduced its new performance-oriented STM32H5 microcontroller (MCU) series for smart, connected devices in March 2023, with cutting-edge security provided by STM32Trust TEE Security Manager. The new STM32H5 MCUs include Arm®'s Cortex®-M33 embedded core, which combines excellent performance with security, energy efficiency, and affordability to best serve the mid-range class of MCU-based applications.

Bowse 51 market data Tables and 35 Figures spread through 225 Pages and in-depth TOC on "Smart Card IC Market by Card Type (Memory Smart Cards and Microprocessor Smart Cards), by End-User Vertical (Telecommunications, BFSI, Government and Healthcare, Transportation, and Others), by Interface (Contact, Contactless, and Dual Interface), and Region” - Global Forecast to 2030

By End-User Vertical, Telecommunication Category dominates the Global Smart Card IC Market.

The Global Smart Card IC Market is segmented into Telecommunications, BFSI, Government and Healthcare, Transportation, and Others based on End-User Vertical. The Telecommunication category dominates the market owing to the increased adoption of integrated circuits in Subscriber Identification Modules (SIM). Moreover, key players are providing prepaid SIMs, postpaid SIMs, and pay-as-you-go variants that require less paperwork, thus simplifying consumer access to the cards.

Global Smart Card IC Market Segmentation and Key Players

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“Asia-Pacific is expected to witness largest share during the forecast period in the Global Smart Card IC Industry.”

Asis-Pacific is expected to contribute the largest share in the Global Smart Card IC Market owing to rising technological innovations in telecommunication, BFSI, government, healthcare, and transportation industries, rising significance for online and cashless transactions, and mounting government initiatives for connected infrastructure that requires the use of Smart Card IC. All these factors will propel the market growth of the Global Smart Card IC Industry in the region.

Some of the major players in the global Smart Card IC industry include Infineon Technologies AG, NXP Semiconductor N.V., Samsung, STMicroelectronics, CEC Huada Electronic Design Co., Ltd, EM Microelectronic-Marin SA, On Semiconductor Corporation, Gemalto.  

Global Smart Card IC Market Coverage

Card Type Insight and Forecast 2025-2030

• Memory Smart Cards
• Microprocessor Smart Cards

End-User Vertical Insight and Forecast 2025-2030

• Telecommunications
• BFSI
• Government and Healthcare
• Transportation
• Others

Interface Insight and Forecast 2025-2030

• Contact
• Contactless
• Dual Interface

Geographical Segmentation

Smart Card IC Market by Region

North America

• By Card Type
• By End-User Vertical
• By Interface
• By Country – U.S., Canada, and Mexico

Europe

• By Card Type
• By End-User Vertical
• By Interface
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Card Type
• By End-User Vertical
• By Interface
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Card Type
• By End-User Vertical
• By Interface
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries