The Europe Smart Card IC Market would witness market growth of 6.0% CAGR during the forecast period (2023-2029).
Contactless smart card can store various banking credentials, medical benefits, driver's licenses and public transportation privileges, loyalty programs, and club memberships, to name a few. In order to make all of the services on smart cards more secure, multi-factor as well as proximity authentication can be and have been built into the cards.
Smart cards, for instance, can be configured to only permit contactless transactions when they are within range of other devices, such as specially connected mobile phones. The security of the smart card can be considerably increased by doing this. Better security, better data, and lower processing costs result in savings for governments and regional bodies. These cost savings aid in cutting governmental spending or improving public services. As a result, numerous governments are expediting the use of smart cards across various sectors, like library cards.
As the use of smart cards grows, the demand for smart card IC will grow proportionately. When people use smart cards that offer different services, their security is improved, and their convenience is increased. For instance, if their wallet is lost or stolen, they simply need to replace one card. In addition, a card's data storage can prevent duplication and even offer emergency medical information. These factors promote the use of smart cards among the general populace as well as government organizations, companies, etc.
The smart tickets can be either pre-printed, over-printed, or printed on demand. Additionally, in Sweden, the cost of the phone apps is lower, at least for transit operators who don't require any technical equipment, which has increased the demand for smart card IC in phones. Moreover, its use has increased dramatically due to the European Commission's regulation since a card-based alternative to its paper E-111 form is introduced for cross-border healthcare. The European healthcare system reportedly has 200 million smart cards in use. The healthcare smart cards used in nations like France are among the most advanced in functionality and features. Therefore, the region presents lucrative growth opportunities for market growth.
The Germany market dominated the Europe Smart Card IC Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $274 million by 2029. The UK market is anticipated to grow at a CAGR of 5.1% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 6.8% during (2023 - 2029).
Based on Type, the market is segmented into Microprocessor and Memory. Based on Interface, the market is segmented into Contactless, Contact and Dual. Based on Application, the market is segmented into USIMs/eSIMs, ID cards, Financial Cards, and IoT Devices. Based on Industry, the market is segmented into Telecommunications, BFSI, Government & Healthcare, Transportation, Education, Retail and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Smart Card IC Market is Projected to reach USD 4.3 Billion by 2029, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toshiba Corporation, ON Semiconductor Corporation, Microchip Technology Incorporated, STMicroelectronics N.V., Texas Instruments, Inc., Sony Corporation, Analog Devices, Inc., Infineon Technologies AG, Samsung Electronics Co., Ltd. (Samsung Group) and NXP Semiconductors N.V.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Interface
By Application
- USIMs/eSIMs
- ID cards
- Financial Cards
- IoT Devices
By Industry
- Telecommunications
- BFSI
- Government & Healthcare
- Transportation
- Education
- Retail
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Toshiba Corporation
- ON Semiconductor Corporation
- Microchip Technology Incorporated
- STMicroelectronics N.V.
- Texas Instruments, Inc.
- Sony Corporation
- Analog Devices, Inc.
- Infineon Technologies AG
- Samsung Electronics Co., Ltd. (Samsung Group)
- NXP Semiconductors N.V.
TABLE 1 Europe Smart Card IC Market, 2019 - 2022, USD Million
TABLE 2 Europe Smart Card IC Market, 2023 - 2029, USD Million
TABLE 3 Europe Smart Card IC Market by Type, 2019 - 2022, USD Million
TABLE 4 Europe Smart Card IC Market by Type, 2023 - 2029, USD Million
TABLE 5 Europe Microprocessor Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Microprocessor Market by Country, 2023 - 2029, USD Million
TABLE 7 Europe Memory Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Memory Market by Country, 2023 - 2029, USD Million
TABLE 9 Europe Smart Card IC Market by Interface, 2019 - 2022, USD Million
TABLE 10 Europe Smart Card IC Market by Interface, 2023 - 2029, USD Million
TABLE 11 Europe Contactless Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Contactless Market by Country, 2023 - 2029, USD Million
TABLE 13 Europe Contact Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Contact Market by Country, 2023 - 2029, USD Million
TABLE 15 Europe Dual Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Dual Market by Country, 2023 - 2029, USD Million
TABLE 17 Europe Smart Card IC Market by Application, 2019 - 2022, USD Million
TABLE 18 Europe Smart Card IC Market by Application, 2023 - 2029, USD Million
TABLE 19 Europe USIMs/eSIMs Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe USIMs/eSIMs Market by Country, 2023 - 2029, USD Million
TABLE 21 Europe ID cards Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe ID cards Market by Country, 2023 - 2029, USD Million
TABLE 23 Europe Financial Cards Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe Financial Cards Market by Country, 2023 - 2029, USD Million
TABLE 25 Europe IoT Devices Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe IoT Devices Market by Country, 2023 - 2029, USD Million
TABLE 27 Europe Smart Card IC Market by Industry, 2019 - 2022, USD Million
TABLE 28 Europe Smart Card IC Market by Industry, 2023 - 2029, USD Million
TABLE 29 Europe Telecommunications Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Telecommunications Market by Country, 2023 - 2029, USD Million
TABLE 31 Europe BFSI Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe BFSI Market by Country, 2023 - 2029, USD Million
TABLE 33 Europe Government & Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Government & Healthcare Market by Country, 2023 - 2029, USD Million
TABLE 35 Europe Transportation Market by Country, 2019 - 2022, USD Million
TABLE 36 Europe Transportation Market by Country, 2023 - 2029, USD Million
TABLE 37 Europe Education Market by Country, 2019 - 2022, USD Million
TABLE 38 Europe Education Market by Country, 2023 - 2029, USD Million
TABLE 39 Europe Retail Market by Country, 2019 - 2022, USD Million
TABLE 40 Europe Retail Market by Country, 2023 - 2029, USD Million
TABLE 41 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 42 Europe Others Market by Country, 2023 - 2029, USD Million
TABLE 43 Europe Smart Card IC Market by Country, 2019 - 2022, USD Million
TABLE 44 Europe Smart Card IC Market by Country, 2023 - 2029, USD Million
TABLE 45 Germany Smart Card IC Market, 2019 - 2022, USD Million
TABLE 46 Germany Smart Card IC Market, 2023 - 2029, USD Million
TABLE 47 Germany Smart Card IC Market by Type, 2019 - 2022, USD Million
TABLE 48 Germany Smart Card IC Market by Type, 2023 - 2029, USD Million
TABLE 49 Germany Smart Card IC Market by Interface, 2019 - 2022, USD Million
TABLE 50 Germany Smart Card IC Market by Interface, 2023 - 2029, USD Million
TABLE 51 Germany Smart Card IC Market by Application, 2019 - 2022, USD Million
TABLE 52 Germany Smart Card IC Market by Application, 2023 - 2029, USD Million
TABLE 53 Germany Smart Card IC Market by Industry, 2019 - 2022, USD Million
TABLE 54 Germany Smart Card IC Market by Industry, 2023 - 2029, USD Million
TABLE 55 UK Smart Card IC Market, 2019 - 2022, USD Million
TABLE 56 UK Smart Card IC Market, 2023 - 2029, USD Million
TABLE 57 UK Smart Card IC Market by Type, 2019 - 2022, USD Million
TABLE 58 UK Smart Card IC Market by Type, 2023 - 2029, USD Million
TABLE 59 UK Smart Card IC Market by Interface, 2019 - 2022, USD Million
TABLE 60 UK Smart Card IC Market by Interface, 2023 - 2029, USD Million
TABLE 61 UK Smart Card IC Market by Application, 2019 - 2022, USD Million
TABLE 62 UK Smart Card IC Market by Application, 2023 - 2029, USD Million
TABLE 63 UK Smart Card IC Market by Industry, 2019 - 2022, USD Million
TABLE 64 UK Smart Card IC Market by Industry, 2023 - 2029, USD Million
TABLE 65 France Smart Card IC Market, 2019 - 2022, USD Million
TABLE 66 France Smart Card IC Market, 2023 - 2029, USD Million
TABLE 67 France Smart Card IC Market by Type, 2019 - 2022, USD Million
TABLE 68 France Smart Card IC Market by Type, 2023 - 2029, USD Million
TABLE 69 France Smart Card IC Market by Interface, 2019 - 2022, USD Million
TABLE 70 France Smart Card IC Market by Interface, 2023 - 2029, USD Million
TABLE 71 France Smart Card IC Market by Application, 2019 - 2022, USD Million
TABLE 72 France Smart Card IC Market by Application, 2023 - 2029, USD Million
TABLE 73 France Smart Card IC Market by Industry, 2019 - 2022, USD Million
TABLE 74 France Smart Card IC Market by Industry, 2023 - 2029, USD Million
TABLE 75 Russia Smart Card IC Market, 2019 - 2022, USD Million
TABLE 76 Russia Smart Card IC Market, 2023 - 2029, USD Million
TABLE 77 Russia Smart Card IC Market by Type, 2019 - 2022, USD Million
TABLE 78 Russia Smart Card IC Market by Type, 2023 - 2029, USD Million
TABLE 79 Russia Smart Card IC Market by Interface, 2019 - 2022, USD Million
TABLE 80 Russia Smart Card IC Market by Interface, 2023 - 2029, USD Million
TABLE 81 Russia Smart Card IC Market by Application, 2019 - 2022, USD Million
TABLE 82 Russia Smart Card IC Market by Application, 2023 - 2029, USD Million
TABLE 83 Russia Smart Card IC Market by Industry, 2019 - 2022, USD Million
TABLE 84 Russia Smart Card IC Market by Industry, 2023 - 2029, USD Million
TABLE 85 Spain Smart Card IC Market, 2019 - 2022, USD Million
TABLE 86 Spain Smart Card IC Market, 2023 - 2029, USD Million
TABLE 87 Spain Smart Card IC Market by Type, 2019 - 2022, USD Million
TABLE 88 Spain Smart Card IC Market by Type, 2023 - 2029, USD Million
TABLE 89 Spain Smart Card IC Market by Interface, 2019 - 2022, USD Million
TABLE 90 Spain Smart Card IC Market by Interface, 2023 - 2029, USD Million
TABLE 91 Spain Smart Card IC Market by Application, 2019 - 2022, USD Million
TABLE 92 Spain Smart Card IC Market by Application, 2023 - 2029, USD Million
TABLE 93 Spain Smart Card IC Market by Industry, 2019 - 2022, USD Million
TABLE 94 Spain Smart Card IC Market by Industry, 2023 - 2029, USD Million
TABLE 95 Italy Smart Card IC Market, 2019 - 2022, USD Million
TABLE 96 Italy Smart Card IC Market, 2023 - 2029, USD Million
TABLE 97 Italy Smart Card IC Market by Type, 2019 - 2022, USD Million
TABLE 98 Italy Smart Card IC Market by Type, 2023 - 2029, USD Million
TABLE 99 Italy Smart Card IC Market by Interface, 2019 - 2022, USD Million
TABLE 100 Italy Smart Card IC Market by Interface, 2023 - 2029, USD Million
TABLE 101 Italy Smart Card IC Market by Application, 2019 - 2022, USD Million
TABLE 102 Italy Smart Card IC Market by Application, 2023 - 2029, USD Million
TABLE 103 Italy Smart Card IC Market by Industry, 2019 - 2022, USD Million
TABLE 104 Italy Smart Card IC Market by Industry, 2023 - 2029, USD Million
TABLE 105 Rest of Europe Smart Card IC Market, 2019 - 2022, USD Million
TABLE 106 Rest of Europe Smart Card IC Market, 2023 - 2029, USD Million
TABLE 107 Rest of Europe Smart Card IC Market by Type, 2019 - 2022, USD Million
TABLE 108 Rest of Europe Smart Card IC Market by Type, 2023 - 2029, USD Million
TABLE 109 Rest of Europe Smart Card IC Market by Interface, 2019 - 2022, USD Million
TABLE 110 Rest of Europe Smart Card IC Market by Interface, 2023 - 2029, USD Million
TABLE 111 Rest of Europe Smart Card IC Market by Application, 2019 - 2022, USD Million
TABLE 112 Rest of Europe Smart Card IC Market by Application, 2023 - 2029, USD Million
TABLE 113 Rest of Europe Smart Card IC Market by Industry, 2019 - 2022, USD Million
TABLE 114 Rest of Europe Smart Card IC Market by Industry, 2023 - 2029, USD Million
TABLE 115 Key Information – Toshiba Corporation
TABLE 116 Key Information – ON Semiconductor Corporation
TABLE 117 Key Information – Microchip Technology Incorporated
TABLE 118 Key Information – STMicroelectronics N.V.
TABLE 119 Key Information – Texas Instruments, Inc.
TABLE 120 Key Information – Sony Corporation
TABLE 121 key information – Analog Devices, Inc.
TABLE 122 Key Information – Infineon Technologies AG
TABLE 123 Key Information – Samsung Electronics Co., Ltd.
TABLE 124 Key Information – NXP Semiconductors N.V.
List of Figures
FIG 1 Methodology for the research
FIG 2 Market Share Analysis, 2021
FIG 3 SWOT Analysis: Toshiba Corporation
FIG 4 SWOT Analysis: ON Semiconductor Corporation
FIG 5 Swot analysis: stmicroelectronics n.v.
FIG 6 Swot analysis: sony corporation
FIG 7 Swot analysis: analog devices, inc.
FIG 8 Recent strategies and developments: Infineon Technologies AG
FIG 9 Swot analysis: INFINEON TECHNOLOGIES AG
FIG 10 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 11 Swot analysis: NXP semiconductors N.V.