The purpose of the report is to illustrate the state of the market of Smart Cards, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Smart cards refer to a pocket-sized device embedded with an integrated circuit (IC) chip. The IC chip on the card can be memory card-based or microcontroller-card based depending upon the function of smart cards. Smart card is used by connecting it to a smart card reader either through direct physical contact or radio frequency (RF) communication. Thus, the operation of smart cards is quite similar to the traditional magnetic strip and bar code cards.
The most significant factor driving the smart cards market growth is the high penetration in the telecommunication sector. Smart cards are widely used as subscriber identity module (SIM) in mobile phones thereby increasing the demand globally. Due to ever-rising penetration of mobile phones worldwide, the smart cards market growth is expected to remain steady throughout the forecast period.
Major players in the market include Giesecke & Devrient (G&D) GmbH, Gemalto NV and Oberthur Technologies. Other prominent players in the market comprise Infineon Technologies AG, NXP Semiconductors NV, Atos SE, INSIDE Secure SA, CardLogix Corporation and others.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Smart Cards buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Smart Cards contains:
Analysis and forecast of Smart Cards market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Smart Cards market;
Assessment and forecast of Smart Cards market development;
Financial and business profiles of the leading companies in the Smart Cards industry.
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– Up to date working Smart Cards data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Smart Cards for the period 2018 to 2026
– Planned Smart Cards additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Smart Cards projects by region, key countries, and companies
– Details of major planned Smart Cards projects in the world up to 2026
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