Smart Card IC Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Taiwan, Germany, Switzerland - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 174 SKU: IRTNTR44718

Smart Card IC Market Forecast 2024-2028

The smart card IC market size is projected to increase by USD 1.45 billion, at a CAGR of 5.15% between 2023 and 2028. The surging demand for electronic ID cards is spearheading the expansion of the Smart Card IC Market. Electronic national ID cards, issued by governments to citizens, are witnessing widespread adoption globally, with many countries already implementing them and others planning to follow suit. These advanced cards boast sophisticated designs, functionalities, and communication interfaces, integrating features such as e-tax, e-voting, e-health, and public transport ticketing.

The market growth and forecasting report includes key player's detailed analyses of the competitive landscape of the market and information about 10 market companies, including Alioth, CardLogix Corp., Datasonic Group Berhad, Infineon Technologies AG, JCB Co. Ltd., KONA I Co. Ltd., Kshitij Polyline Ltd., Microchip Technology Inc., ON Semiconductor Corp., PGP GROUP Ltd., Protolab Electrotechnologies Pvt. Ltd., Samsung Electronics Co. Ltd., Secura Key, Seshaasai Business Forms P Ltd., SKS ELECTRONICS, Smart Card IT Solutions Ltd., The Swatch Group Ltd., and WATCHDATA TECHNOLOGIES Pte. Ltd. . Additionally, Imatric LLC company offers smart card IC namely THD86. It is suitable for general IC card applications.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

The market is segmented based on CPU Architecture (16-bit, 32-bit), applications (telecommunication, financial, government, transportation, others), and geography (North America, Europe, APAC, South America, and Middle East & Africa).

Market Segmentation By CPU Architecture

The market share by the 16 bit segment will be significant during the forecast period. 16-bit is introduced as an advanced version of 8-bit smart card ICs, as 8-bit had slower processor speeds. NXP and Texas Instruments are some of the market players that offer 16-bit smart card ICs. The adoption of 16-bit is high in the current market scenario owing to its low cost. Also, the demand for 16-bit smart card ICs is expected to increase due to the growing transportation sector, especially public transportation.

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The 16 bit segment showed a gradual increase in the market share of USD 2.37 billion in 2018. Further, various countries are investing in the development of public transportation facilities, such as the metro, which will lead to an increase in demand for 16-bit smart card ICs. For instance, in March 2022, the Indian government launched a metro system in Pune. Thus, such expansions in transportation will lead to an increase in demand for 16-bit smart card ICs, as these ICs will only be required to store customers' personal information and recharge the amount. Hence, with the boost in the transportation sector, the growth of the 16-bit smart card ICs segment is also expected to increase, driving the market during the forecast period.

Market Segmentation By Application

The market will also be supported by the growth in the fifth-generation (5G) network, which is the latest mobile network technology. An increase in the penetration of 5G technology leads consumers to shift from the 4G network to the 5G network. This will lead to an increase in demand for 5G SIMs, which, in turn, will increase the demand. Further, these are used extensively in the telecommunication industry, primarily in the subscriber identity module (SIM). A SIM is a microcontroller-based smart card that is used in mobile phones and other devices, such as tablets. A SIM authenticates and identifies subscribers and connects them with the wireless cell phone network using IC. It is also used in transmission occurring through mobile broadband technology. As these SIMs require set-up connectivity, the rise in demand for SIMs is expected to increase the demand during the forecast period. 

Regional Overview

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APAC is estimated to contribute 50% to the growth of the global market during the forecast period. 
Technavio's analysts have provided extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. In APAC, South Korea, Malaysia, Singapore, China, Australia, India, Thailand, and Japan are leading in the deployment of smart card technology by end-user industries such as retail, government, telecommunication, finance, and transportation. Commercial deployments of digital money in countries such as India, China, Singapore, and Japan are likely to grow during the forecast period.

Further, most Asian organizations are focused on deploying smart card technology to enable flexibility and visibility in their operations and to improve security. Improved network infrastructure and high adoption of EMV standards in the region are expected to create a demand for smart-card ICs. Also, the use of the Internet has increased at a very high pace in the region. Hence, such factors are expected to drive market growth in this region during the forecast period. 

Market Dynamics and Customer Landscape

The semiconductor chip supply shortage is a significant market driver for the Smart Card IC Market. As industries like retail, healthcare, BFSI, and hospitality increasingly adopt smart card technology for applications such as point-of-sale (POS) systems, RFID technology, and near-field communication (NFC), the demand for smart card ICs has surged. However, the ongoing semiconductor chip shortage poses challenges to meeting this demand. This scarcity has intensified due to the rapid digitalization across sectors, the proliferation of IoT devices, and the rising adoption of contactless payments and eSIM cards. Consequently, addressing the semiconductor chip supply shortage becomes crucial to sustain the growth and innovation within the Smart Card IC Market and meet the evolving needs of various industries and applications.

Market Growth Analysis Driver

The surging demand for electronic ID cards is spearheading the expansion of the Smart Card IC Market. Electronic national ID cards, issued by governments to citizens, are witnessing widespread adoption globally, with many countries already implementing them and others planning to follow suit. These advanced cards boast sophisticated designs, functionalities, and communication interfaces, integrating features such as e-tax, e-voting, e-health, and public transport ticketing. Furthermore, the advent of digital ID systems, underpinned by identity and access management platforms, empowers both public and private sectors to verify the identities of individuals accessing their online services securely. As countries increasingly adopt electronic ID cards to streamline identification processes and enhance security measures, the demand for smart card ICs is poised to surge, driving the growth of the global market in the foreseeable future.

Market Growth and Trends

Robust demand for dual-interface cards is one of the primary market trends shaping the growth. A dual-interface card is a debit or credit card embedded with a chip that enables the card to be used for both contactless and contact transactions. The presence of a contact chip, a contactless chip, and a magnetic strip in this type of card enables the cardholder to complete transactions over a wide range of machines. Merchants are opting for devices with dual-interface cards, which will help them reduce the waiting time for customers in stores with high volumes of transactions.

As a result, various enterprises in the market are offering dual-interface cards to cater to the growing demand. The increase in demand for dual-interface cards will lead to a rise in demand for smart card ICs. This, in turn, will lead to the growth in revenue of the market during the forecast period.

Major Market Restrain

Price wars among companies due to increasing competition is a major challenge that affects market expansion. The price of a smart card is determined by the price of the IC, which varies depending on the requirements of users. For instance, the price of ICs used in the financial sector varies from those used in the telecommunication sector. Regions such as MEA and South America have a low penetration of global and local market players. Most of the market players are located in APAC due to the availability of low-cost labor as well as resources for manufacturing.

As a result, the market is being controlled by a small group of companies, which is leading to high competition and subsequent price wars. Additionally, revenue generated by companies is declining, which is negatively affecting the demand for high-priced products. Thus, due to the price wars and declining prices, companies are facing negative impacts. This, in turn, may impede market expansion during the forecast period.

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.

Global Market Customer Landscape

Smart Card IC Market Companies 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • dormakaba Holding AG: The company offers a smart card IC, namely Legic MIM256. Through its subsidiary company LEGIC Identsystems Ltd., this product is available as smart system ID cards.

Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028

  • CPU Architecture Outlook
    • 16-bit
    • 32-bit
  • Application Outlook
    • Telecommunication
    • Financial
    • Government
    • Transportation
    • Others
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is deeply intertwined with a multitude of sectors, including educational institutions and telecommunications, which increasingly rely on contactless payments facilitated by contact-type smart cards and NFC technology. POS systems equipped with debit cards and gift cards further enhance convenience and security. Data security remains paramount in this landscape, driving innovations like RFID technology and eSIMs with robust SIM profiles.

However, challenges such as the semiconductor chip supply shortage exacerbated by trade wars and tariff rates, compounded by the pandemic, pose significant hurdles. The smart card ICs industry faces pressure to adapt to fluctuating lead times for wafers and substrates, impacting logistics, assembly, and testing processes and ultimately affecting operational costs. Collaboration among semiconductor suppliers is essential to mitigate risks and fortify the supply chain against disruptions.

The market is witnessing substantial growth driven by various factors such as the increasing adoption of IoT technology, the demand for secure payment systems in BFSI and hospitality sectors, and the rise of smart city initiatives. With the integration of biometric authentication and contactless technology, smart cards are becoming essential for identity authentication and secure financial transactions. Moreover, the proliferation of e-government documents and e-health cards further boosts the demand for smart card ICs. As MNOs and other industries embrace digitalization, the market continues to evolve with advancements in technology and the integration of micro-embedded electronics for enhanced security features and data storage.

Smart Card IC Market Scope

Report Coverage

Details

Page number

174

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.15%

Market Growth 2024-2028

USD 1.45 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

4.49

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 50%

Key countries

US, China, Taiwan, Germany, and Switzerland

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Alioth, CardLogix Corp., Datasonic Group Berhad, dormakaba Holding AG, Imatric LLC, Infineon Technologies AG, JCB Co. Ltd., KONA I Co. Ltd., Kshitij Polyline Ltd., Microchip Technology Inc., ON Semiconductor Corp., PGP GROUP Ltd., Protolab Electrotechnologies Pvt. Ltd., Samsung Electronics Co. Ltd., Secura Key, Seshaasai Business Forms P Ltd., SKS ELECTRONICS, Smart Card IT Solutions Ltd., The Swatch Group Ltd., and WATCHDATA TECHNOLOGIES Pte. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market report forecast during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of Industry companies

 

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

 

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by CPU Architecture
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global smart card IC market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global smart card ic market 2018 - 2022 ($ billion)
    • 4.2 CPU Architecture Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – CPU Architecture Segment 2018 - 2022 ($ billion)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by CPU Architecture

    • 6.1 Market segments
      • Exhibit 30: Chart on CPU Architecture - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on CPU Architecture - Market share 2023-2028 (%)
    • 6.2 Comparison by CPU Architecture
      • Exhibit 32: Chart on Comparison by CPU Architecture
      • Exhibit 33: Data Table on Comparison by CPU Architecture
    • 6.3 16 bit - Market size and forecast 2023-2028
      • Exhibit 34: Chart on 16 bit - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on 16 bit - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on 16 bit - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on 16 bit - Year-over-year growth 2023-2028 (%)
    • 6.4 32 bit - Market size and forecast 2023-2028
      • Exhibit 38: Chart on 32 bit - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on 32 bit - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on 32 bit - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on 32 bit - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by CPU Architecture
      • Exhibit 42: Market opportunity by CPU Architecture ($ billion)
      • Exhibit 43: Data Table on Market opportunity by CPU Architecture ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 44: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 46: Chart on Comparison by Application
      • Exhibit 47: Data Table on Comparison by Application
    • 7.3 Telecommunication - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Telecommunication - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Data Table on Telecommunication - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Chart on Telecommunication - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Telecommunication - Year-over-year growth 2023-2028 (%)
    • 7.4 Financial - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Financial - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Financial - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Financial - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Financial - Year-over-year growth 2023-2028 (%)
    • 7.5 Transportation - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Transportation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Transportation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Transportation - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Transportation - Year-over-year growth 2023-2028 (%)
    • 7.6 Government - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Government - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Government - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Government - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Government - Year-over-year growth 2023-2028 (%)
    • 7.7 Others - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.8 Market opportunity by Application
      • Exhibit 68: Market opportunity by Application ($ billion)
      • Exhibit 69: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 Taiwan - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Taiwan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Taiwan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Taiwan - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Taiwan - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 Switzerland - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Switzerland - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on Switzerland - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on Switzerland - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Switzerland - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 Datasonic Group Berhad
              • Exhibit 123: Datasonic Group Berhad - Overview
              • Exhibit 124: Datasonic Group Berhad - Business segments
              • Exhibit 125: Datasonic Group Berhad - Key offerings
              • Exhibit 126: Datasonic Group Berhad - Segment focus
            • 12.4 dormakaba Holding AG
              • Exhibit 127: dormakaba Holding AG - Overview
              • Exhibit 128: dormakaba Holding AG - Business segments
              • Exhibit 129: dormakaba Holding AG - Key offerings
              • Exhibit 130: dormakaba Holding AG - Segment focus
            • 12.5 Imatric LLC
              • Exhibit 131: Imatric LLC - Overview
              • Exhibit 132: Imatric LLC - Product / Service
              • Exhibit 133: Imatric LLC - Key offerings
            • 12.6 Infineon Technologies AG
              • Exhibit 134: Infineon Technologies AG - Overview
              • Exhibit 135: Infineon Technologies AG - Business segments
              • Exhibit 136: Infineon Technologies AG - Key news
              • Exhibit 137: Infineon Technologies AG - Key offerings
              • Exhibit 138: Infineon Technologies AG - Segment focus
            • 12.7 JCB Co. Ltd.
              • Exhibit 139: JCB Co. Ltd. - Overview
              • Exhibit 140: JCB Co. Ltd. - Product / Service
              • Exhibit 141: JCB Co. Ltd. - Key news
              • Exhibit 142: JCB Co. Ltd. - Key offerings
            • 12.8 Kshitij Polyline Ltd.
              • Exhibit 143: Kshitij Polyline Ltd. - Overview
              • Exhibit 144: Kshitij Polyline Ltd. - Product / Service
              • Exhibit 145: Kshitij Polyline Ltd. - Key offerings
            • 12.9 Microchip Technology Inc.
              • Exhibit 146: Microchip Technology Inc. - Overview
              • Exhibit 147: Microchip Technology Inc. - Business segments
              • Exhibit 148: Microchip Technology Inc. - Key offerings
              • Exhibit 149: Microchip Technology Inc. - Segment focus
            • 12.10 ON Semiconductor Corp.
              • Exhibit 150: ON Semiconductor Corp. - Overview
              • Exhibit 151: ON Semiconductor Corp. - Business segments
              • Exhibit 152: ON Semiconductor Corp. - Key news
              • Exhibit 153: ON Semiconductor Corp. - Key offerings
              • Exhibit 154: ON Semiconductor Corp. - Segment focus
            • 12.11 PGP GROUP Ltd.
              • Exhibit 155: PGP GROUP Ltd. - Overview
              • Exhibit 156: PGP GROUP Ltd. - Product / Service
              • Exhibit 157: PGP GROUP Ltd. - Key offerings
            • 12.12 Protolab Electrotechnologies Pvt. Ltd.
              • Exhibit 158: Protolab Electrotechnologies Pvt. Ltd. - Overview
              • Exhibit 159: Protolab Electrotechnologies Pvt. Ltd. - Product / Service
              • Exhibit 160: Protolab Electrotechnologies Pvt. Ltd. - Key offerings
            • 12.13 Samsung Electronics Co. Ltd.
              • Exhibit 161: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 162: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 163: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 164: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 165: Samsung Electronics Co. Ltd. - Segment focus
            • 12.14 Seshaasai Business Forms P Ltd.
              • Exhibit 166: Seshaasai Business Forms P Ltd. - Overview
              • Exhibit 167: Seshaasai Business Forms P Ltd. - Product / Service
              • Exhibit 168: Seshaasai Business Forms P Ltd. - Key offerings
            • 12.15 SKS ELECTRONICS
              • Exhibit 169: SKS ELECTRONICS - Overview
              • Exhibit 170: SKS ELECTRONICS - Product / Service
              • Exhibit 171: SKS ELECTRONICS - Key offerings
            • 12.16 Smart Card IT Solutions Ltd.
              • Exhibit 172: Smart Card IT Solutions Ltd. - Overview
              • Exhibit 173: Smart Card IT Solutions Ltd. - Product / Service
              • Exhibit 174: Smart Card IT Solutions Ltd. - Key offerings
            • 12.17 The Swatch Group Ltd.
              • Exhibit 175: The Swatch Group Ltd. - Overview
              • Exhibit 176: The Swatch Group Ltd. - Business segments
              • Exhibit 177: The Swatch Group Ltd. - Key offerings
              • Exhibit 178: The Swatch Group Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 179: Inclusions checklist
                • Exhibit 180: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 181: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 182: Research methodology
                • Exhibit 183: Validation techniques employed for market sizing
                • Exhibit 184: Information sources
              • 13.5 List of abbreviations
                • Exhibit 185: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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