Monday 10 August 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Smart Card IC Market: Infineon Technologies, NXP Semiconductors, Samsung Semiconductor, and STMicroelectronics.
Other Prominent Vendors in the market are: Shanghai Huahong Integrated Circuits
Commenting on the report, an analyst said: “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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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