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Report Description

Report Description

Global Smartcard MCU market is predicted to develop at a rapid pace throughout the forecast period. Smartcard MCU (Microcontroller Unit) is a type of smart card that contains an embedded microcontroller chip. It is widely used in various applications such as payment cards, identity cards, access control cards, SIM cards, and healthcare cards. The global Smartcard MCU market is expected to witness significant growth in the coming years due to increasing demand for secure and efficient payment and authentication systems.

Throughout the projection period, the global smart card industry is expected to rise significantly. The smart card industry is growing due to factors such as increasing digitization, an increase in cashless transactions, and an increase in demand from the healthcare sector. However, hefty set-up costs, as well as data theft and security concerns, are important impediments to the worldwide smart card market. The smart card industry stands to gain from the enhanced user data security brought about by blockchain technology. Smart cards, by serving as a secure storage place for cryptographic keys, provide a reliable and efficient way of verifying transactions in a blockchain system.

Smart cards are utilized in a wide range of applications, including credit cards and other payment cards. These cards are typically used in applications that require safe, quick transactions while still protecting individual data, such as credit cards, various types of payment cards, government identity and corporate cards, and transit ticket payment cards. It is also occasionally used as a legal document, such as e-passports and visas.

 The rising digitization of healthcare systems throughout the world, as well as the usage of smart cards to store patient data while maintaining high levels of privacy and security, are projected to drive market expansion. The COVID-19 pandemic harmed the healthcare business, and the repercussions were seen in the healthcare IT industry as well. Smart card industry participants reported flat or declining revenue growth in the smart card business. This report will examine the current state of the Smartcard MCU market, including trends, challenges, and opportunities.

Increased Demand for Secure Payment Systems

With the increasing trend towards cashless transactions, the demand for secure payment systems, such as Smartcard MCUs, is growing rapidly. These cards offer advanced security features such as encryption, digital signatures, and access control mechanisms that make them ideal for use in applications that require secure storage and data processing.

Government Initiatives and Regulations

Many governments around the world are implementing initiatives and regulations that require the use of Smartcard MCU technology for various applications, such as identity verification and access control. For instance, in India, the government has launched the Aadhaar program, which uses Smartcard MCUs for identity verification purposes. Similarly, in Europe, the European Union has mandated the use of Smartcard MCU technology for various applications, including electronic identification, healthcare, and electronic signatures.

Growing Adoption of IoT

The Internet of Things (IoT) is driving the adoption of Smartcard MCU technology in applications such as transportation, healthcare, and retail, as it enables secure and efficient data transfer between devices. Smartcard MCUs can be embedded in various devices and used for authentication and secure data storage.

Advancements in Technology

The development of new technologies, such as contactless payment systems and biometric authentication, is driving the adoption of Smartcard MCU technology as a more secure and efficient alternative to traditional payment methods. Contactless payment systems allow users to make payments without physically inserting their card into a payment terminal, while biometric authentication enables users to authenticate their identity using biometric data such as fingerprints, facial recognition, or iris scans.

Challenges for Global Smartcard MCU Market

The global Smartcard MCU market faces numerous impediments that may hamper its growth, such as the elevated cost of the technology when compared to other payment methods, security apprehensions, and the necessity for recurrent revisions in security protocols. Furthermore, there exist compatibility problems with certain devices and systems, restricted storage capacity for applications that necessitate massive storage spaces, a sophisticated implementation that necessitates specialized information and skill, and rivalry from alternative technologies including mobile payment systems, biometric authentication, and blockchain-based solutions. These challenges need to be addressed to ensure that the Smartcard MCU technology can reach its full potential and deliver the expected benefits to users and organizations alike, particularly in regions with lower incomes or less developed economies.

Recent Developments

  • S3B512C, a new fingerprint security IC (integrated circuit) with increased security capabilities, was released by Samsung Electronics in January 2022. The new solution is EMVCo and Common Criteria Evaluation Assurance Level (CC EAL) 6+ certified, and it adheres to Mastercard's most recent Biometric Evaluation Plan Summary (BEPS) criteria for biometric payment cards.
  • Veeco Instruments Inc. (NASDAQ: VECO) announced the acquisition of Epiluvac AB, a privately held manufacturer of chemical vapour deposition (CVD) epitaxy systems for advanced silicon carbide (SiC) applications in the electric vehicle sector, on January 31, 2023. Epiluvac, situated in Sweden, was created in 2013 by a highly skilled SiC team. Epiluvac's technological platform paired with Veeco's worldwide go-to-market capabilities created a substantial long-term growth engine for Veeco.
  • In Feb 2023, ING Groep NV acquired its position in Microchip Technologies Incorporated (NASDAQ: MCHP - Get Rating) by 27.3% during the third quarter. The fund held 176,772 shares of the semiconductor company's stock after acquiring an additional 37,940 shares during the quarter. At the conclusion of the most recent quarter, ING Groep NV's holdings in Microchip Technologies were worth $10,788,000.


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Market Segmentation

On the basis of Product, the market is segmented into 8-bit,16-bit and 32-bit. On the basis of Offerings, the market is segmented into Smart Card and Smart Card Readers. On the basis of Functionality, the market is further split into Transaction, Security & Access Control. On the basis of End user industry, the market is segmented into BFSI, Telecommunications, Government and Healthcare, Education, Retail, and Transportation. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Company Profiles

Cardlogix Corporation, Cpi Card Group Inc, Giesecke+Devrient Gmbh, Infineon Technologies AG, STMicroelectronics, Veeco Instruments Inc, Microchip Technology Inc, Texas Instruments Incorporated, Maxim Integrated, Ferrotec Holdings Corporation, are among the major players that are driving the growth of the global Smartcard MCU market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Product

By Offerings

By Functionality

By Region

Regional Scope

Asia-Pacific, North America, Europe, Middle East & Africa and South America

Country Scope

China, Japan, India, Australia, South Korea, United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Israel, Turkey, Saudi Arabia, UAE, Brazil, Argentina, Colombia

Key Companies Profiled

Cardlogix Corporation, Cpi Card Group Inc, Giesecke+Devrient Gmbh, Infineon Technologies AG, STMicroelectronics, Veeco Instruments Inc, Microchip Technology Inc, Texas Instruments Incorporated, Maxim Integrated, Ferrotec Holdings Corporation.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, the global Smartcard MCU market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Smartcard MCU Market, By Product:
    • 8-bit
    • 16-bit
    • 32-bit
  • Smartcard MCU Market, By Offerings:
    • Smart Card
    • Smart Card Readers
  • Smartcard MCU Market, By Functionality:
    • Transaction
    • Communication
    • Security & Access Control
  • Smartcard MCU Market, By End User Industry:
    • BFSI
    • Telecommunications
    • Government and Healthcare
    • Education
    • Retail
    • Transportation
  • Smartcard MCU Market, By Region:
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Italy
    • Middle East & Africa
      • Israel
      • Turkey
      • Saudi Arabia
      • UAE
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global Smartcard MCU market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed an analysis and profiling of additional market players (up to five).

Global Smartcard MCU Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

Table of content

1.    Service Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customer

4.1.  Brand Awareness

4.2.  Key Factors for Selecting Vendor

4.3.  Key Satisfaction Level

4.4.  Key Challenges Faced

5.    Global Smartcard MCU Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Product (8-bit, 16-bit, 32-bit)

5.2.2.    By Offerings (Smart Card, Smart Card Readers)

5.2.3.    By Functionality (Transaction, Communication, Security & Access Control)

5.2.4.    By End User Industry (BFSI, Telecommunications, Government and Healthcare, Education, Retail, Transportation)

5.2.5.    By Region

5.2.6.    By Company

5.3.  Market Map

6.    North America Smartcard MCU Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product

6.2.2.    By Offerings

6.2.3.    By Functionality

6.2.4.    By End User Industry

6.2.5.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Smartcard MCU Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value 

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Product

6.3.1.2.2.           By Offerings

6.3.1.2.3.           By Functionality

6.3.1.2.4.           By End User Industry

6.3.2.    Canada Smartcard MCU Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value 

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Product

6.3.2.2.2.           By Offerings

6.3.2.2.3.           By Functionality

6.3.2.2.4.           By End User Industry

6.3.3.    Mexico Smartcard MCU Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value 

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Product

6.3.3.2.2.           By Offerings

6.3.3.2.3.           By Functionality

6.3.3.2.4.           By End User Industry

7.    Asia-Pacific Smartcard MCU Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product

7.2.2.    By Offerings

7.2.3.    By Functionality

7.2.4.    By End User Industry

7.2.5.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Smartcard MCU Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Product

7.3.1.2.2.           By Offerings

7.3.1.2.3.           By Functionality

7.3.1.2.4.           By End User Industry

7.3.2.    Japan Smartcard MCU Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Product

7.3.2.2.2.           By Offerings

7.3.2.2.3.           By Functionality

7.3.2.2.4.           By End User Industry

7.3.3.    South Korea Smartcard MCU Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Product

7.3.3.2.2.           By Offerings

7.3.3.2.3.           By Functionality

7.3.3.2.4.           By End User Industry

7.3.4.    India Smartcard MCU Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value 

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Product

7.3.4.2.2.           By Offerings

7.3.4.2.3.           By Functionality

7.3.4.2.4.           By End User Industry

7.3.5.    Australia Smartcard MCU Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value 

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Product

7.3.5.2.2.           By Offerings

7.3.5.2.3.           By Functionality

7.3.5.2.4.           By End User Industry

8.    Europe Smartcard MCU Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Product

8.2.2.    By Offerings

8.2.3.    By Functionality

8.2.4.    By End User Industry

8.2.5.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Smartcard MCU Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Product

8.3.1.2.2.           By Offerings

8.3.1.2.3.           By Functionality

8.3.1.2.4.           By End User Industry

8.3.2.    United Kingdom Smartcard MCU Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Product

8.3.2.2.2.           By Offerings

8.3.2.2.3.           By Functionality

8.3.2.2.4.           By End User Industry

8.3.3.    France Smartcard MCU Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Product

8.3.3.2.2.           By Offerings

8.3.3.2.3.           By Functionality

8.3.3.2.4.           By End User Industry

8.3.4.    Italy Smartcard MCU Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Product

8.3.4.2.2.           By Offerings

8.3.4.2.3.           By Functionality

8.3.4.2.4.           By End User Industry

8.3.5.    Spain Smartcard MCU Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Product

8.3.5.2.2.           By Offerings

8.3.5.2.3.           By Functionality

8.3.5.2.4.           By End User Industry

9.    South America Smartcard MCU Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Product

9.2.2.    By Offerings

9.2.3.    By Functionality

9.2.4.    By End User Industry

9.2.5.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Smartcard MCU Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Product

9.3.1.2.2.           By Offerings

9.3.1.2.3.           By Functionality

9.3.1.2.4.           By End User Industry

9.3.2.    Argentina Smartcard MCU Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Product

9.3.2.2.2.           By Offerings

9.3.2.2.3.           By Functionality

9.3.2.2.4.           By End User Industry

9.3.3.    Colombia Smartcard MCU Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Product

9.3.3.2.2.           By Offerings

9.3.3.2.3.           By Functionality

9.3.3.2.4.           By End User Industry

10. Middle East & Africa Smartcard MCU Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Product

10.2.2. By Offerings

10.2.3. By Functionality

10.2.4. By End User Industry

10.2.5. By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1. Israel Smartcard MCU Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Product

10.3.1.2.2.         By Offerings

10.3.1.2.3.         By Functionality

10.3.1.2.4.         By End User Industry

10.3.2. Turkey Smartcard MCU Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Product

10.3.2.2.2.         By Offerings

10.3.2.2.3.         By Functionality

10.3.2.2.4.         By End User Industry

10.3.3. UAE Smartcard MCU Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Product

10.3.3.2.2.         By Offerings

10.3.3.2.3.         By Functionality

10.3.3.2.4.         By End User Industry

10.3.4. Saudi Arabia Smartcard MCU Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Product

10.3.4.2.2.         By Offerings

10.3.4.2.3.         By Functionality

10.3.4.2.4.         By End User Industry

11. Market Dynamics

11.1.             Drivers

11.1.1. Increased demand for secure payment systems

11.1.2. Government initiatives

11.1.3. Growing adoption of IoT

11.2.             Challenges

11.2.1. high cost of the technology

11.2.2. limited storage capacity for applications

12. Market Trends & Developments

12.1.         Growing adoption of contactless payment systems

12.2.         Increasing use of biometric authentication

12.3.         Rising demand for secure identity management

12.4.         Growing adoption of IoT devices

12.5.         Emergence of blockchain-based solutions

13. Company Profiles

13.1.                Cardlogix Corporation

13.1.1.    Business Overview

13.1.2.    Key Revenue (If Available)

13.1.3.    Recent Developments

13.1.4.    Key Personnel

13.1.5.    Key Product/Service Offered

13.2.                Cpi Card Group Inc

13.2.1.    Business Overview

13.2.2.    Key Revenue (If Available)

13.2.3.    Recent Developments

13.2.4.    Key Personnel

13.2.5.    Key Product/Service Offered

13.3.                Giesecke+Devrient Gmbh

13.3.1.    Business Overview

13.3.2.    Key Revenue (If Available)

13.3.3.    Recent Developments

13.3.4.    Key Personnel

13.3.5.    Key Product/Service Offered

13.4.                Infineon Technologies AG

13.4.1.    Business Overview

13.4.2.    Key Revenue (If Available)

13.4.3.    Recent Developments

13.4.4.    Key Personnel

13.4.5.    Key Product/Service Offered

13.5.                STMicroelectronics

13.5.1.    Business Overview

13.5.2.    Key Revenue (If Available)

13.5.3.    Recent Developments

13.5.4.    Key Personnel

13.5.5.    Key Product/Service Offered

13.6.                Veeco Instruments Inc

13.6.1.    Business Overview

13.6.2.    Key Revenue (If Available)

13.6.3.    Recent Developments

13.6.4.    Key Personnel

13.6.5.    Key Product/Service Offered

13.7.                Microchip Technology Inc

13.7.1.    Business Overview

13.7.2.    Key Revenue (If Available)

13.7.3.    Recent Developments

13.7.4.    Key Personnel

13.7.5.    Key Product/Service Offered

13.8.                 Texas Instruments Incorporated

13.8.1.    Business Overview

13.8.2.    Key Revenue (If Available)

13.8.3.    Recent Developments

13.8.4.    Key Personnel

13.8.5.    Key Product/Service Offered

13.9.                Maxim Integrated

13.9.1.    Business Overview

13.9.2.    Key Revenue (If Available)

13.9.3.    Recent Developments

13.9.4.    Key Personnel

13.9.5.    Key Product/Service Offered

13.10.             Ferrotec Holdings Corporation.

13.10.1. Business Overview

13.10.2. Key Revenue (If Available)

13.10.3. Recent Developments

13.10.4. Key Personnel

13.10.5. Key Product/Service Offered

14. Strategic Recommendations

14.1.         Fastest Growing Market by Application

14.2.         Dominating Market by Vertical

14.3.         Dominating Market by Region & Country

15. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

Frequently asked questions

A smart card MCU (Microcontroller Unit) is a type of smart card that includes an embedded microcontroller chip. This microcontroller chip contains a processor, memory, and input/output interfaces that allow the smart card to store and process information.

The Smartcard MCU advantages include access to advanced security features, encryption, wide range of applications, improved efficiency, and reliable solution.

Increased demand for secure payment systems, government initiatives and regulations and development, and increasing need for secure identification and authentication are expected to be the main drivers for the growth of the Global Smartcard MCU Market during the forecast period.

Key players in the market are Cardlogix Corporation, Cpi Card Group Inc, Giesecke+Devrient Gmbh, Infineon Technologies AG, STMicroelectronics, Veeco Instruments Inc, Microchip Technology Inc, Texas Instruments Incorporated, Maxim Integrated, and Ferrotec Holdings Corporation., among others.

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