Industry Background:
An (IC) integrated circuit card is a type of payment or identification card that has an embedded circuit, such as a computer chip. The chip is able to hold card information. Integrated circuit cards are made of plastic or similar material and are most often associated with specific credit cards known as EMV cards. Integrated circuit cards allow the storage of information on the card itself. For example, a consumer's information on this type of payment card is accessed when the card is used in a card scanner. Combined with other security measures such as a PIN or password, the chip allows the secure transmission of personal and financial information.
According to AMA Research, the market for IC Card Chip is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Increasing Need for Securing And the Card Authentication Systems
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | Kg |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Semiconductors sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as NVIDIA (United States), Inesa (China), Intel (United States), IBM (United States), Qualcomm (United States), Apple (United States), Infineon (Germany), Atmel (United States), SIEMENS (Germany) and NXP Semiconductors N.V. (Netherlands), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In July 2022 Infineon technology AG acquired OPTIGA trust M Express a high end security solution that provide and anchor of the trust for connecting loT Devices own unique quantity
In June 2018, Infineon Technologies AG has sold 1.5 billion security chips with its awarded Integrity Guard technology. Infineon provides robust solutions for government-issued electronic ID documents like passports from potential security attacks. It includes a fully encrypted data path and a self-checking dual CPU core.
Influencing Trend:
Rising Trend towards Digital Financial Economy
Market Growth Drivers:
Increasing Need for Securing And the Card Authentication Systems, Rapidly Increasing Technological Innovation and Rapid Growth in Internet Infrastructure
Challenges:
Global semiconductor chip supply chain
Restraints:
Security Issues Associated with IC Card Chip
Opportunities:
Emerging Demand from Developing Regions
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of IC Card Chip Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of IC Card Chip Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of IC Card Chip players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, IC Card Chip Study Sheds Light on
The IC Card Chip Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the IC Card Chip industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where IC Card Chip industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.