Contact Smart Card and Security Chip Market

was valued at 1041 million in 2024 and is projected to reach US$ 1723 million by 2032, at a CAGR of 7.8% during the forecast period.

Report Studies

• The global Contact Smart Card and Security Chip Market was valued at 1041 million in 2024 and is projected to reach US$ 1723 million by 2032, at a CAGR of 7.8% during the forecast period.

• Contact smart cards and security chips are integrated circuits embedded in cards that require physical insertion into a reader to transmit data and commands via conductive contact plates. These chips are fundamental for storing and processing sensitive information—such as encryption keys, personal identity data, and transaction records—while providing robust authentication and security functions. Common applications include bank cards, electronic ID cards, transportation passes, and access control systems.

By Type:

• The market is segmented based on type into:

• Memory Chip

• Microprocessor Chip

• RFID Chip

• Security Chip

• Others

• The market is segmented based on application into:

• BFSI

• Government & Public Utilities

• Transportation

• Others

• NXP Semiconductors (Netherlands)

• Infineon Technologies AG (Germany)

• Samsung (South Korea)

• STMicroelectronics (Switzerland)

• Shanghai Fudan Microelectronics Group Co., Ltd. (China)

• Unigroup Guoxin Microelectronics Co., Ltd. (China)

• HED (Germany)

• Microchip Technology Inc. (U.S.)