The North America Smart Card IC Market would witness market growth of 5.6% CAGR during the forecast period (2023-2029).
Smart card technology is subject to international norms and guidelines. Several such specifications and standards are used only in certain industries. For example, the Secure Technology Alliance's ISO/IEC 7816 and ISO/IEC 14443 international standards are supported by the International Organization for Standardization in the United States, where smart card technology complies with them. In recent years, the demand for various types of smart cards like contactless, contact, etc., has increased significantly. Contactless smart cards don't need to touch the reader directly. As a result, ticketing and payments are growing in popularity.
Mass transit and tolls on the highway are two common uses. Using inexpensive NXP Mifare Ultralight chips and paper/card/PET rather than PVC has increased the use of "Contactless" smart cards in transportation. This has lower media costs, enabling the usage of inexpensive tickets and day passes for transit. A PVC or plastic smart card with a bigger memory is typically minutely expensive. Due to their tamper-resistant design, smart cards have been promoted as appropriate for personal identification duties. Typically, a cryptographic algorithm is implemented by the semiconductor. The internal state of the algorithm can be partially recovered using several techniques.
Due to the expansion and development of the banking and financial industries, the industry is also anticipated to experience significant growth. Governments and financial institutions now favor contactless smart cards over all others. Data from Visa indicated that by April 2021, a sizable share of active debit and credit cards in the US were contactless-enabled. Identity can be verified using smart cards by utilizing public key infrastructure (PKI). Examples include various cards used by other governments for their residents as well as the Common Access Card (CAC) issued by the US Department of Defense (DoD). Therefore, the smart card IC market will expand rapidly in the region throughout the forecast period.
The US market dominated the North America Smart Card IC Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $909.6 million by 2029. The Canada market is poised to grow at a CAGR of 8% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 7.1% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Card IC Market, by Type
1.4.2 North America Smart Card IC Market, by Interface
1.4.3 North America Smart Card IC Market, by Application
1.4.4 North America Smart Card IC Market, by Industry
1.4.5 North America Smart Card IC Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Market Share Analysis, 2021
3.2 Strategies deployed in Smart Card IC Market
Chapter 4. North America Smart Card IC Market by Type
4.1 North America Microprocessor Market by Country
4.2 North America Memory Market by Country
Chapter 5. North America Smart Card IC Market by Interface
5.1 North America Contactless Market by Country
5.2 North America Contact Market by Country
5.3 North America Dual Market by Country
Chapter 6. North America Smart Card IC Market by Application
6.1 North America USIMs/eSIMs Market by Country
6.2 North America ID cards Market by Country
6.3 North America Financial Cards Market by Country
6.4 North America IoT Devices Market by Country
Chapter 7. North America Smart Card IC Market by Industry
7.1 North America Telecommunications Market by Country
7.2 North America BFSI Market by Country
7.3 North America Government & Healthcare Market by Country
7.4 North America Transportation Market by Country
7.5 North America Education Market by Country
7.6 North America Retail Market by Country
7.7 North America Others Market by Country
Chapter 8. North America Smart Card IC Market by Country
8.1 US Smart Card IC Market
8.1.1 US Smart Card IC Market by Type
8.1.2 US Smart Card IC Market by Interface
8.1.3 US Smart Card IC Market by Application
8.1.4 US Smart Card IC Market by Industry
8.2 Canada Smart Card IC Market
8.2.1 Canada Smart Card IC Market by Type
8.2.2 Canada Smart Card IC Market by Interface
8.2.3 Canada Smart Card IC Market by Application
8.2.4 Canada Smart Card IC Market by Industry
8.3 Mexico Smart Card IC Market
8.3.1 Mexico Smart Card IC Market by Type
8.3.2 Mexico Smart Card IC Market by Interface
8.3.3 Mexico Smart Card IC Market by Application
8.3.4 Mexico Smart Card IC Market by Industry
8.4 Rest of North America Smart Card IC Market
8.4.1 Rest of North America Smart Card IC Market by Type
8.4.2 Rest of North America Smart Card IC Market by Interface
8.4.3 Rest of North America Smart Card IC Market by Application
8.4.4 Rest of North America Smart Card IC Market by Industry
Chapter 9. Company Profiles
9.1 Toshiba Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research and Development Expense
9.1.5 SWOT Analysis
9.2 ON Semiconductor Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 Microchip Technology Incorporated
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.4 STMicroelectronics N.V.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 Texas Instruments, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.6 Sony Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 Analog Devices, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Infineon Technologies AG
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Product Launches and Product Expansions:
9.8.5.3 Geographical Expansions:
9.8.6 SWOT Analysis
9.9 Samsung Electronics Co., Ltd. (Samsung Group)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. NXP Semiconductors N.V.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.6 SWOT Analysis
TABLE 1 North America Smart Card IC Market, 2019 - 2022, USD Million
TABLE 2 North America Smart Card IC Market, 2023 - 2029, USD Million
TABLE 3 North America Smart Card IC Market by Type, 2019 - 2022, USD Million
TABLE 4 North America Smart Card IC Market by Type, 2023 - 2029, USD Million
TABLE 5 North America Microprocessor Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Microprocessor Market by Country, 2023 - 2029, USD Million
TABLE 7 North America Memory Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Memory Market by Country, 2023 - 2029, USD Million
TABLE 9 North America Smart Card IC Market by Interface, 2019 - 2022, USD Million
TABLE 10 North America Smart Card IC Market by Interface, 2023 - 2029, USD Million
TABLE 11 North America Contactless Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Contactless Market by Country, 2023 - 2029, USD Million
TABLE 13 North America Contact Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Contact Market by Country, 2023 - 2029, USD Million
TABLE 15 North America Dual Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Dual Market by Country, 2023 - 2029, USD Million
TABLE 17 North America Smart Card IC Market by Application, 2019 - 2022, USD Million
TABLE 18 North America Smart Card IC Market by Application, 2023 - 2029, USD Million
TABLE 19 North America USIMs/eSIMs Market by Country, 2019 - 2022, USD Million
TABLE 20 North America USIMs/eSIMs Market by Country, 2023 - 2029, USD Million
TABLE 21 North America ID cards Market by Country, 2019 - 2022, USD Million
TABLE 22 North America ID cards Market by Country, 2023 - 2029, USD Million
TABLE 23 North America Financial Cards Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Financial Cards Market by Country, 2023 - 2029, USD Million
TABLE 25 North America IoT Devices Market by Country, 2019 - 2022, USD Million
TABLE 26 North America IoT Devices Market by Country, 2023 - 2029, USD Million
TABLE 27 North America Smart Card IC Market by Industry, 2019 - 2022, USD Million
TABLE 28 North America Smart Card IC Market by Industry, 2023 - 2029, USD Million
TABLE 29 North America Telecommunications Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Telecommunications Market by Country, 2023 - 2029, USD Million
TABLE 31 North America BFSI Market by Country, 2019 - 2022, USD Million
TABLE 32 North America BFSI Market by Country, 2023 - 2029, USD Million
TABLE 33 North America Government & Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Government & Healthcare Market by Country, 2023 - 2029, USD Million
TABLE 35 North America Transportation Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Transportation Market by Country, 2023 - 2029, USD Million
TABLE 37 North America Education Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Education Market by Country, 2023 - 2029, USD Million
TABLE 39 North America Retail Market by Country, 2019 - 2022, USD Million
TABLE 40 North America Retail Market by Country, 2023 - 2029, USD Million
TABLE 41 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 43 North America Smart Card IC Market by Country, 2019 - 2022, USD Million
TABLE 44 North America Smart Card IC Market by Country, 2023 - 2029, USD Million
TABLE 45 US Smart Card IC Market, 2019 - 2022, USD Million
TABLE 46 US Smart Card IC Market, 2023 - 2029, USD Million
TABLE 47 US Smart Card IC Market by Type, 2019 - 2022, USD Million
TABLE 48 US Smart Card IC Market by Type, 2023 - 2029, USD Million
TABLE 49 US Smart Card IC Market by Interface, 2019 - 2022, USD Million
TABLE 50 US Smart Card IC Market by Interface, 2023 - 2029, USD Million
TABLE 51 US Smart Card IC Market by Application, 2019 - 2022, USD Million
TABLE 52 US Smart Card IC Market by Application, 2023 - 2029, USD Million
TABLE 53 US Smart Card IC Market by Industry, 2019 - 2022, USD Million
TABLE 54 US Smart Card IC Market by Industry, 2023 - 2029, USD Million
TABLE 55 Canada Smart Card IC Market, 2019 - 2022, USD Million
TABLE 56 Canada Smart Card IC Market, 2023 - 2029, USD Million
TABLE 57 Canada Smart Card IC Market by Type, 2019 - 2022, USD Million
TABLE 58 Canada Smart Card IC Market by Type, 2023 - 2029, USD Million
TABLE 59 Canada Smart Card IC Market by Interface, 2019 - 2022, USD Million
TABLE 60 Canada Smart Card IC Market by Interface, 2023 - 2029, USD Million
TABLE 61 Canada Smart Card IC Market by Application, 2019 - 2022, USD Million
TABLE 62 Canada Smart Card IC Market by Application, 2023 - 2029, USD Million
TABLE 63 Canada Smart Card IC Market by Industry, 2019 - 2022, USD Million
TABLE 64 Canada Smart Card IC Market by Industry, 2023 - 2029, USD Million
TABLE 65 Mexico Smart Card IC Market, 2019 - 2022, USD Million
TABLE 66 Mexico Smart Card IC Market, 2023 - 2029, USD Million
TABLE 67 Mexico Smart Card IC Market by Type, 2019 - 2022, USD Million
TABLE 68 Mexico Smart Card IC Market by Type, 2023 - 2029, USD Million
TABLE 69 Mexico Smart Card IC Market by Interface, 2019 - 2022, USD Million
TABLE 70 Mexico Smart Card IC Market by Interface, 2023 - 2029, USD Million
TABLE 71 Mexico Smart Card IC Market by Application, 2019 - 2022, USD Million
TABLE 72 Mexico Smart Card IC Market by Application, 2023 - 2029, USD Million
TABLE 73 Mexico Smart Card IC Market by Industry, 2019 - 2022, USD Million
TABLE 74 Mexico Smart Card IC Market by Industry, 2023 - 2029, USD Million
TABLE 75 Rest of North America Smart Card IC Market, 2019 - 2022, USD Million
TABLE 76 Rest of North America Smart Card IC Market, 2023 - 2029, USD Million
TABLE 77 Rest of North America Smart Card IC Market by Type, 2019 - 2022, USD Million
TABLE 78 Rest of North America Smart Card IC Market by Type, 2023 - 2029, USD Million
TABLE 79 Rest of North America Smart Card IC Market by Interface, 2019 - 2022, USD Million
TABLE 80 Rest of North America Smart Card IC Market by Interface, 2023 - 2029, USD Million
TABLE 81 Rest of North America Smart Card IC Market by Application, 2019 - 2022, USD Million
TABLE 82 Rest of North America Smart Card IC Market by Application, 2023 - 2029, USD Million
TABLE 83 Rest of North America Smart Card IC Market by Industry, 2019 - 2022, USD Million
TABLE 84 Rest of North America Smart Card IC Market by Industry, 2023 - 2029, USD Million
TABLE 85 Key Information – Toshiba Corporation
TABLE 86 Key Information – ON Semiconductor Corporation
TABLE 87 Key Information – Microchip Technology Incorporated
TABLE 88 Key Information – STMicroelectronics N.V.
TABLE 89 Key Information – Texas Instruments, Inc.
TABLE 90 Key Information – Sony Corporation
TABLE 91 key information – Analog Devices, Inc.
TABLE 92 Key Information – Infineon Technologies AG
TABLE 93 Key Information – Samsung Electronics Co., Ltd.
TABLE 94 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.