Lewes, DE -- (SBWIRE) -- 08/28/2015 -- Report forecast the global smart card IC market to grow at CAGR of 8.06% and 8.67%, in terms of revenue and unit sales, respectively, over the period 2014-2019.

A smart card is a pocket-sized plastic card embedded with ICs; these ICs are also called microchips. A smart card with a microchip is known as a smart card IC. It can store and process a large amount of data, and this helps in the secured payment transaction with functions such as encryption and digital signatures. It provides a tamper resistant system and protects in-memory information, reducing cases of frauds. Smart cards are used in some of the major sectors such as the BFSI, government, transportation, healthcare, and defense.

This report covers the current scenario and the growth prospects of the global smart card IC market for the period 2015-2019. In addition to application segments, the report explains the technological landscape of smart card ICs and the market segment based on components such as a micro controller and memory-based chip. It provides a global overview, and the growth prospects of the market by region (APAC, EMEA, and Americas).

Global Smart Card IC Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market.

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.

Key Regions

- Americas

- APAC

- EMEA

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

Market Driver

- Growing Use of Electronic ID Cards

- For a full, detailed list, view our report

Market Challenge

- Low Gross Margin

- For a full, detailed list, view our report

Market Trend

- Availability of Twin Smart Cards

- For a full, detailed list, view our report

Key Questions Answered in this Report

- What will the market size be in 2019 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?

Spanning over 74 pages "Global Smart Card IC Market 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Industry Overview, Technology Landscape, Market Landscape, Market Segmentation by Application, Market Segmentation by Components, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-smart-card-ic-market-2015-2019

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