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Global Smart Card IC Market Report 2022 to 2027: Government Agencies Promoting Digitalization Presents Opportunities



Dublin, Nov. 04, 2022 (GLOBE NEWSWIRE) — The “Smart Card IC Market by Type (Microprocessor, Memory), Architecture (16-bit, 32-bit), Interface, Application (USIMs/eSIMs, ID Cards, Financial Cards), End-user Industry (Telecommunications, BFSI) and Region – Global Forecast to 2027” report has been added to’s offering.

The global smart card IC market is projected to reach USD 3.9 billion by 2027 from an estimated USD 2.9 billion in 2022, at a CAGR of 6.3% from 2022 to 2027.

The growth of the smart card IC market can be attributed to the high demand for Subscriber Identity Modules (SIMs), Universal Subscriber Identity Modules (USIMs), and embedded Subscriber Identity Module (eSIMs) cards; secure ID cards; and financial cards from the ever-growing population and a gradual shift to digitalization and electrification.

In 2022, USIMs/eSIMs segment captured the largest share of the smart card IC market

In 2022, the USIMs/eSIMs segment captured the largest share of the smart card IC market, and a similar trend is likely to be observed throughout the forecast period. The growth of the segment can be attributed to the adoption of USIM/eSIM in consumer electronic devices such as smartphones, mobile phones, tablets, and smartwatches as well as IoT devices. Various smartphone manufacturing companies are working on eSIM technology to ingrate them with their latest smartphone series. For instance, Apple Inc. introduced eSIM technology in its third-generation iPad Pro, iPhone XS line, and will be integrating eSIM in all product lines of iPhone 14 series.

In 2022, the telecommunications end-user industry captured the largest share of the smart card IC market

In 2022, the telecommunications end-user industry accounted for the largest size of the smart card IC market, and a similar trend is likely to be observed during the forecast period. The high growth can be attributed to the technological developments such as adoption of 3G, 4G, and 5G technologies for fast and secure communication. Also, the emergence of eSIMs in smartphones is expected to increase in future. With technological developments, products such as smartphones, smartwatches, wearables, are also evolving to be compatible with the latest technologies. This is spurring the demand for smart card ICs.

In 2022, Europe held the second-largest share of the overall smart card IC market

Europe has witnessed rapid adoption of state-owned healthcare and health insurance systems than the most developed countries across the world. The European Commission has mandated the use of smart cards as a replacement to E-111 paper forms for cross-border healthcare services, which has led to the growth of the smart card IC market in Europe. In addition, the increasing adoption of contactless technology for retail transactions and access control are expected to accelerate the growth of the European smart card IC market. Hence, Europe held the second-largest share of the overall smart card IC market in 2022.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities for Players in Smart Card IC Market
4.2 Smart Card IC Market, by Type
4.3 Smart Card IC Market, by Architecture
4.4 Smart Card IC Market, by Interface
4.5 Smart Card IC Market, by Application
4.6 Smart Card IC Market, by End-user Industry
4.7 Smart Card IC Market, by Region
4.8 Smart Card IC Market, by Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Rising Usage of Sims and Esims in Smartphones Adoption of Id Cards Across Various Organizations and Educational Institutions Rise in Contactless Payments Post COVID-19 Outbreak
5.2.2 Restraints Data Security Concerns Related to Esims
5.2.3 Opportunities Government Agencies Promoting Digitalization Surging Demand for Advanced Telematics and Infotainment Systems from Automotive Sector Increased Adoption of IoT by End-user Industries
5.2.4 Challenges Global Semiconductor Chip Supply Shortage
5.3 Value Chain Analysis
5.4 Ecosystem
5.5 Pricing Analysis
5.6 Revenue Shifts and New Revenue Pockets for Smart Card IC Market Players
5.7 Technology Analysis
5.7.1 Key Technologies Coil on Module Technology
5.7.2 Complementary Technologies Near-Field Communication Technology Radio Frequency Technology Artificial Intelligence Technology
5.8 Emerging Trends
5.8.1 Biometric Cards
5.9 Porter’s Five Forces Analysis
5.9.1 Intensity of Competitive Rivalry
5.9.2 Threat of Substitutes
5.9.3 Bargaining Power of Buyers
5.9.4 Bargaining Power of Suppliers
5.9.5 Threat of New Entrants
5.10 Key Stakeholders and Buying Criteria
5.10.1 Key Stakeholders in Buying Process
5.10.2 Buying Criteria
5.11 Case Study Analysis
5.12 Trade Analysis
5.12.1 Import Scenario
5.12.2 Export Scenario
5.13 Patent Analysis
5.14 Key Conferences and Events, 2022-2023
5.15 Tariff Analysis
5.16 Standards and Regulatory Landscape
5.16.1 Regulatory Bodies, Government Agencies, and Other Organizations North America Europe
5.16.2 Standards

6 Smart Card IC Market, by Type
6.1 Introduction
6.2 Microprocessor
6.2.1 Enables Addition, Deletion, and Manipulation of Data
6.3 Memory
6.3.1 Less Expensive Than Microcontrollers

7 Smart Card IC Market, by Architecture
7.1 Introduction
7.2 16-Bit
7.2.1 Offers High Clock Speed and Wider Data Paths
7.3 32-Bit
7.3.1 Capable of Storing Large Volumes of Data

8 Smart Card IC Market, by Interface
8.1 Introduction
8.2 Contact Interface
8.2.1 Contact with Card Reader Necessary to Facilitate Reading
8.3 Contactless Interface
8.3.1 Contactless Cards Use Radio Frequency to Read Data
8.4 Dual Interface
8.4.1 Combines Features of Both Contact and Contactless Interfaces

9 Smart Card IC Market, by Application
9.1 Introduction
9.2 Usims/Esims
9.2.1 Offer Enhanced Data Security Compared with Traditional Sim Cards
9.3 Id Cards
9.3.1 Employee Id Smart Employee Id Cards Used to Secure Access to Physical Facilities and Computer Systems and Networks
9.3.2 Citizen Id Captured the Largest Share of the Smart Card IC Market in 2021
9.3.3 Epassport Helps Reduce Circulation of Fake Passports
9.3.4 Driving License Smart Chips Embedded Licenses Protect Against Falsification of Documents
9.4 Financial Cards
9.4.1 Credit Cards Adoption of Credit Cards to Propel Demand for Smart Card ICS
9.4.2 Debit Cards Contactless Payments to Fuel Demand for Debit Cards
9.5 IoT Devices
9.5.1 Integrated Ics to Elevate Level of Security and Prevent Unauthorized Tampering

10 Smart Card IC Market, by End-user Industry
10.1 Introduction
10.2 Telecommunications
10.2.1 Extensively Uses Smart Card Ics in Usim Cards
10.3 Bfsi
10.3.1 Bfsi Prime User of Smart Card Technology
10.4 Government and Healthcare
10.4.1 Government Initiatives to Digitalize Documentation to Fuel Adoption of Smart Cards
10.5 Transportation
10.5.1 Smart Cards Ensure Smooth Passenger Flow in Subways, Buses, Trolleys, and Other Public Transport Mediums
10.6 Education
10.6.1 Uses Smart Cards to Manage Access to Campus and Maintain Student Records
10.7 Retail
10.7.1 Uses Smart Cards to Acquire Customer Data
10.8 Others

11 Smart Card IC Market, by Region

12 Competitive Landscape
12.1 Overview
12.2 Market Evaluation Framework
12.2.1 Product Portfolio
12.2.2 Regional Focus
12.2.3 Manufacturing Footprint
12.2.4 Organic/Inorganic Strategies
12.3 Market Share Analysis, 2021
12.4 Revenue Analysis: Top Five Companies (2017-2021)
12.5 Company Evaluation Quadrant
12.5.1 Stars
12.5.2 Emerging Leaders
12.5.3 Pervasive Players
12.5.4 Participants
12.6 Competitive Scenarios and Trends
12.6.1 Product Launches
12.6.2 Deals
12.6.3 Others

13 Company Profiles
13.1 Key Players
13.1.1 Infineon Technologies AG
13.1.2 Nxp Semiconductors N.V.
13.1.3 Samsung Electronics Co. Ltd.
13.1.4 STMicroelectronics N.V.
13.1.5 Microchip Technology Incorporated (Atmel Corporation)
13.1.6 Cec Huada Electronic Design Co. Ltd.
13.1.7 Analog Devices, Inc.
13.1.8 Sony Group Corporation
13.1.9 Toshiba Corporation
13.1.10 ON Semiconductor Corporation
13.2 Other Players
13.2.1 Shanghai Fudan Microelectronics Group Co. Ltd.
13.2.2 Watch Data Co. Ltd.
13.2.3 Texas Instruments Incorporated
13.2.4 Nations Technologies Inc.
13.2.5 Ziguang Tongxin Microelectronics Co. Ltd. (Tmc)
13.2.6 Kona I
13.2.7 HT Micron
13.2.8 Imatric LLC
13.2.9 ICTK Holdings Co. Ltd.
13.2.10 EM Microelectronic

14 Appendix

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Artificial Intelligence

Belgian Commitment to Partnership Supports a New Frontier of Europe-US Space Research




BRUSSELS, Dec. 10, 2023 /PRNewswire/ — Belgian Prime Minister Alexander De Croo has travelled to Houston, United States, to meet Raphaël Liégeois, the Belgian career astronaut selected as part of the European Space Agency (ESA) astronaut class of 2022. De Croo’s visit coincides with the ESA cohort’s familiarisation trip to NASA’s Johnson Space Centre, which is the precursor to a further two years of training, delivered in Houston, to prepare the astronauts for their respective missions on the International Space Station. The visit signals a new phase of the long-standing collaboration between Europe and the United States on space research and exemplifies Belgium’s commitment to partnerships in facing global challenges.

Belgium’s expertise in aerospace, and in science more generally, is internationally recognised – in terms of both training and industry. Belgium is a founding member of the ESA and its fifth-largest funder. The country’s support of the ESA shows its commitment to shaping the development of Europe’s space capability and ensuring that investment in space continues to deliver benefits to the citizens of Europe and the world.
“For Belgians, the sky isn’t the limit, the universe is,” said De Croo. “Today, we are very proud to see Raphaël take this important step in his career as an astronaut. He will be an important role model for many generations of STEM students to come. Space research and innovation hold particular importance for Belgium; they are powerful economic drivers which foster the growth of high-tech industries and create jobs – as evidenced by the number of Belgian companies on the cutting edge of aeronautics.” 
The 17 members of the ESA astronaut class of 2022 were selected from a pool of over 23,000 applicants. The process, designed to bring together the finest scientific minds that Europe has to offer, took place over a period lasting 18 months.
The selection of Raphaël Liégeois is testament to Belgium’s focus on embracing openness, driven by innovation, partnerships, and diversity, to create solutions that drive progress for all.
About Belgium
Located in the heart of Europe, Belgium is one of the most open economies in the world, counting 11.5 million people with a reputation for innovation, hard work, partnership, and multilingualism. Strategically located between Germany, the Netherlands, France, and Luxembourg, and only a stone’s throw from the UK, it lies at the centre of the richest and most densely populated area in Europe. A member of the European Union, Belgium enjoys full access to the world’s most advanced single market and customs zone which ensures extensive frictionless trade.
Belgium boasts a highly developed transport infrastructure, including the second largest seaport in Europe (Antwerp). Belgium is home to world-leading research and innovation facilities, multinational corporations, and artisanal businesses supported by the investor-centric approach of public services.
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Savory & Partners: Digital Nomad Visas Sparking a Migration Boom




DUBAI, UAE, Dec. 9, 2023 /PRNewswire/ — The simplicity and lax requirements of digital nomad visas have made them easily accessible, and countries like Portugal and Spain, which have excellent infrastructure, great internet connection, and an outstanding standard of living, draw in more digital nomads by the day, according to experts at Dubai-headquartered citizenship and residency by investment advisors Savory and Partners.

A recent research quoted by the company estimates that there are 16.9 million digital nomads roaming the globe. This is a whopping 162% increase from 2019, just four years earlier.
As soon as Portugal introduced its digital nomad visa in October of 2022, the applications started pouring in. While the government hasn’t announced the number of applications it has received, Portugal’s Labour Minister did announce that the country approved 550 applications within the first six months.
Two months after launching its visa in September of 2021, Greece received 2,918 applications, approving an astonishing 1,693 applicants. The government is yet to release any new statistics, but going off that outstanding start it is safe to assume it is still garnering massive attention.
Germany also boasts impressive numbers, having issued a total of 3,638 visas in just one year since the introduction of its visa in 2018.
According to Residency Malta, the government branch responsible for the digital nomad visa, it has issued 1,041 visas to date, with an average approval rate of 78%.
Croatia, one of the first countries to introduce a pure digital nomad visa in early 2021 as a response to the rise in remote workers, has approved 680 applications, while 672 are still pending approval.
Not just Europe
“It’s not just Europe but even Barbados’ digital nomad visa, dubbed the Welcome Stamp, has been doing outstandingly well, receiving a total of 3,511 applications between 2020 and 2022”, a digital nomad specialist at Savory & Partners reports.
While digital nomads typically use visa-free access or visas to stay in countries for a few months at a time before moving on to the next, digital nomad visas provide a sense of comfort and stability that aligns perfectly with their lifestyle, giving them ample time to enjoy the country they are in before moving on to the next.
Unsurprising demand
The rapid growth in application numbers and the surging demand for digital nomad visas isn’t surprising. They are extremely simple to apply to, have fast processing times ranging from a few days to a couple of months, and they do not require any business establishment or investment.
Portugal’s digital nomad visa, for example, only requires applicants to prove a monthly income of €3,040 per month, while Spain’s visa has a lower threshold of just €2,160 per month.
Savory & Partners is an accredited agent for multiple governments where citizenship by investment is offered. The company has coverage in over 20 jurisdictions, including Europe and was the first firm to obtain all five authorised agent licenses for the governments of the Caribbean Islands. It has processed second passports for over 4,000 citizens with a 100 per cent success rate.
With a presence in 3 continents and 7 countries and more than 60 experts worldwide, the company’s multinational staff comprises advisors who guide clients in English, Arabic, Farsi, French, Spanish and Hindi.
To know more about Savory & Partners, visit
For more information, please send an email to [email protected] can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
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Robotic Lawn Mower Market to Reach $2.4 Billion, by 2032 at 10.9% CAGR: Allied Market Research




The increasing demand for smart appliances for garden maintenance by global consumers, along with the development of IOT enabled features is fueling the growth of the robotic lawn mower market.
WILMINGTON, Del., Dec. 8, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Robotic Lawn Mower Market by Range (Low-Range Robotic Lawn Mower, Medium-Range Robotic Lawn Mower, and High-Range Robotic Lawn Mower), End User (Residential User and Commercial User), and Distribution Channel (Retail and Online): Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global robotic lawn mower market size was valued at $838.5 million in 2022, and is projected to reach $2.4 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.

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Prime determinants of growth
The robotic lawn mower market is driven by factors such as increase in demand for automation, rise in advancements for technology, and increase in popularity of online platforms. However, the rise in regular maintenance and repair costs restricts market growth. Moreover, the increase in demand for rental robotic lawn mowers offers new opportunities in the coming years.
Report coverage & details:
Report Coverage
Forecast Period
Base Year
Market Size in 2022
$838.5 million
Market Size in 2032
$2.4 billion
10.9 %
No. of Pages in Report
Segments covered
Range, End User, Distribution Channel, and Region
Increase in demand for automation
Rise in advancements for technology
Reduction in the labor costs
Increase in demand for rental robotic lawn mowers
Growth in the adoption of internet of things
Declining Cost of Batteries/Fuel Cells
Less adoption in developing markets
Regular maintenance and repair costs
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The medium range robotic lawn mower segment to maintain its leadership status throughout the forecast period
Based on range, the medium range robotic lawn mower segment dominated the market in 2022 accounting for more than half of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.4% from 2023 to 2032, owing to the increase in residential and commercial spaces such as buildings, corporate spaces, sports centers, and public parks, which has fueled the requirement for medium range robotic lawn mowers.
The residential segment to maintain its leadership status throughout the forecast period
Based on end user, the residential segment dominated the market in 2022 accounting for less than three-fourths of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.7% from 2023 to 2032, owing to the increase in the demand for low and medium range robotic lawn mowers in the residential sector due to the increased requirement for lawn care and maintenance.
The retail segment to maintain its lead position during the forecast period
On the basis of the distribution channel, the retail segment dominated the market in 2022 accounting for less than half of the market share and is expected to maintain its dominance during the forecast period. The increased demand for ecologically friendly and sustainable robotic lawn mowers, which is being driven by the rising awareness of environmental challenges, is one of the main factors boosting retail sales.
Europe to maintain its dominance by 2032
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the market share and is expected to maintain its dominance during the forecast period. The growing popularity in artificial intelligence for performing day-to-day activities with higher efficiency is among the primary factors driving the Europe robotic lawn mower market.
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Leading Market Players: –
Robert Bosch GmbHHusqvarna ABHonda Motor Co., Ltd.Zucchetti Centro Sistemi S.p.A.Stiga C S.a.r.l.Andreas Holding AG & Co. KGPositec Tool CorporationWiper S.R.L.Suzhou Cleva Electric Appliance Co., Ltd.Stanley Black & Decker, Inc.The report provides a detailed analysis of these key players in the robotic lawn mower market. These players have adopted different strategies such as acquisition, partnerships, and new product launches to increase their market share and maintain dominant shares in the market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Read More Trending “AMR Exclusive Insights:
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected]: www.alliedmarketresearch.comAllied Market Research Blog:

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