Cover Page_Embedded Secure Element Market

Global Embedded Secure Element Market by Types (Chip-Scale Package (CSP) Packages and Surface Mounted Device (SMD) Packages), Applications (Mobile Phones and Wearables, Automotive, Payment and Banking, Pay TV, and Others), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)

  • Report ID: ICT-SE-205
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 166
  • Format:
  • Pub. Date: 01-02-2021
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Market Outlook:

The global embedded secure element market was valued at USD 313.2Million in 2019 and is projected to reach USD 667.9Million by 2027, expanding at a CAGR of 10.1% during the forecast period. Embedded computing systems are commonly used in a variety of applications, including home applications, office automation, banking & financial institutions, security, automotive, protection, personal, healthcare, and other sectors. The demand for embedded computing is driven by the increase in penetration of smartphones and wearable and surge in the online payments.

An embedded secure element (eSE) is a tamper-proof chip, which is available in different sizes and designs. These chips are embedded in mobile devices such as smartphones, and they ensure that the data is stored in a safe place and information is shared with authorized applications and people only. Smartphones, laptops, tablets, and other devices use embedded secure elements. The chip stores and processes information such as PIN codes, passwords, fingerprints, and payment information. Restricted access to the chip ensures secure strong protection to the element. Furthermore, no program needs to be installed on to it and only trusted applications and devices have read or write access to the chip. Embedded secure element is designed to counter many known attacks, especially side-channel attacks. Factors such as rise in the need to combat counterfeiting activities, growth in the demand for IoT devices, increase in penetration of smartphones and wearable, and surge in the online payments are expected to drive the market during the forecast period.

Global Embedded Secure Element Market Key Takeaways

Market Dynamics
Account counterfeiting is a form of consumer fraud, which is done with the intent of stealing, destroying, or replacing original or illegal transactions. Presently, increase in the use of online transactions increases counterfeiting activities. Counterfeit money is the imitation of currency produced without a legal sanction of the government, usually in a deliberate attempt to imitate the legal currency, thus deceiving its recipients. Rising fraudulent activities in emerging economies is projected to fuel the market in the near future to protect online access.

Rising demand for IoT services, increasing need for digitalization, and growing penetration of communication and networking technologies propel the demand for embedded secure element. Advanced principal technologies and proliferation of devices fuel the adoption of IoT technologies. Industrial automation uses control systems, including robots and Internet of Things (IoT) to manage various machineries and processes. These robots and IoT technology are based on embedded computers to offer high accuracy, precision, and enhanced performance of manufacturing processes.

Increase in the use of smartphones and wearables is boosting the growth of various industries globally. Embedded secure elements are used in mobiles, tablets, and other payment devices. Additionally, increasing GDP is boosting the demand for sustainable products. The use of embedded secure elements in the smart wearable devices sector is growing due to changing lifestyle, which in turn, is boosting the market.

Embedded secure elements are playing an important role in the automotive industry. These systems are used in ADAS technology incorporated in automobile cards. Increase in the demand for online transactions owing to growing awareness about the depleting state of the environment fuels the embedded secure element market.

Segmental Outlook

Based on types, the embedded secure element market is segmented into chip-scale package (CSP) and packages and surface mounted device (SMD) packages. The chip-scale package (CSP) packages segment accounts for a major share of the market; however, the surface mounted device (SMD) packages segment is anticipated to expand at a high CAGR during the forecast period. Rise in the use of CSP packages in the electronics industry due to their many benefits is propelling their adoption. Size reduction of packages is one of their biggest benefits. Size reduction is possible due to the ball grid array design of the package, which increases the number of interconnects. Another advantage of CSP packages is self-alignment characteristics and the lack of bent leads, which further reduces the manufacturing costs, thus driving segment growth.

Global Embedded Secure Element Market By Type

In terms of applications, the embedded secure element market is classified as mobile phones and wearables, automotive, payment and banking, pay TV, and others. The mobile phone and wearable segment accounts for a major share of the market; however, the payment and banking segment is anticipated to expand at a high CAGR during the forecast period, as embedded secure elements help secure data while making payments/Internet banking transactions. Growth of the mobile phone and wearable segment is attributed to the increasing in the demand for mobile payments where smartphone OEM mobile wallet programs are rising across the globe. Wearables are convenient forms of payment and mass transit.

Global Embedded Secure Element Market By Application

Regional Outlook

In terms of regions, the embedded secure element market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to account for a large share of the market, followed by Europe. The market in North America is projected to expand at a substantial CAGR during the forecast period. Developments in the automotive industry and rapid growth of the electronic instruments manufacturing industry are projected to increase the demand for embedded secure element in various Asia Pacific countries. Moreover, investments in automotive manufacturing projects and electronic devices in various countries are expected to drive the market in the region during the forecast period. Developing countries such as China and India are increasingly investing in the automobile and electronics industries, which in turn, is expected to propel the market. Investments in these regions are estimated to follow a linear growth trend during the forecast period. The market in Europe is expected to grow at a significant pace due to increasing focus on research & development of technology and the promotion of and investments in electronic devices and technology manufacturing. Low fuel prices and interest rates on consumer loans in the region are projected to increase the demand for electronic devices, automotive, and heavy equipment. This, in turn, fuels the need for embedded secure element for designing smart devices. Conversely, adverse effects of pollution have led to the changes in government regulations and enforcements of rigid rules on several manufacturing units. Increasing labor costs, rising inflation rate, and political instability are hampering the market in the region.

Key Benefits for Industry Participants & Stakeholders

  • In-depth analysis of the global embedded secure element market
  • Historical, current and projected market size in terms of value (USD million), volume (tons)
  • Potential & niche segments and regions exhibiting promising growth covered
  • Industry drivers, restraints and opportunities covered in the study
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Neutral perspective on global embedded secure element market performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Embedded Secure Element Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Embedded Secure Element Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Embedded Secure Element Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Embedded Secure Element Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Embedded Secure Element Market Size & Forecast, 2017-2027
      4.5.1 Embedded Secure Element Market Size and Y-o-Y Growth
      4.5.2 Embedded Secure Element Market Absolute $ Opportunity
   4.6 Patent Analysis
Chapter 5 Global Embedded Secure Element Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Embedded Secure Element Market Size Forecast By Type
      5.2.1 Chip-Scale Package (CSP) Packages
      5.2.2 Surface Mounted Device(SMD) Packages
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Embedded Secure Element Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Embedded Secure Element Market Size Forecast By Application
      6.2.1 Mobile Phones and Wearables
      6.2.2 Automotive
      6.2.3 Payment and Banking
      6.2.4 Pay TV
      6.2.5 Others
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Embedded Secure Element Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Embedded Secure Element Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Embedded Secure Element Analysis and Forecast
   9.1 Introduction
   9.2 North America Embedded Secure Element Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Embedded Secure Element Market Size Forecast By Type
      9.6.1 Chip-Scale Package (CSP) Packages
      9.6.2 Surface Mounted Device(SMD) Packages
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type
   9.10 North America Embedded Secure Element Market Size Forecast By Application
      9.10.1 Mobile Phones and Wearables
      9.10.2 Automotive
      9.10.3 Payment and Banking
      9.10.4 Pay TV
      9.10.5 Others
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Embedded Secure Element Analysis and Forecast
   10.1 Introduction
   10.2 Europe Embedded Secure Element Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Embedded Secure Element Market Size Forecast By Type
      10.6.1 Chip-Scale Package (CSP) Packages
      10.6.2 Surface Mounted Device(SMD) Packages
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 Europe Embedded Secure Element Market Size Forecast By Application
      10.10.1 Mobile Phones and Wearables
      10.10.2 Automotive
      10.10.3 Payment and Banking
      10.10.4 Pay TV
      10.10.5 Others
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Embedded Secure Element Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Embedded Secure Element Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Embedded Secure Element Market Size Forecast By Type
      11.6.1 Chip-Scale Package (CSP) Packages
      11.6.2 Surface Mounted Device(SMD) Packages
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Asia Pacific Embedded Secure Element Market Size Forecast By Application
      11.10.1 Mobile Phones and Wearables
      11.10.2 Automotive
      11.10.3 Payment and Banking
      11.10.4 Pay TV
      11.10.5 Others
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Embedded Secure Element Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Embedded Secure Element Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Embedded Secure Element Market Size Forecast By Type
      12.6.1 Chip-Scale Package (CSP) Packages
      12.6.2 Surface Mounted Device(SMD) Packages
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Latin America Embedded Secure Element Market Size Forecast By Application
      12.10.1 Mobile Phones and Wearables
      12.10.2 Automotive
      12.10.3 Payment and Banking
      12.10.4 Pay TV
      12.10.5 Others
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Embedded Secure Element Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Embedded Secure Element Market Size Forecast by Country
      13.2.1 GCC
      13.2.2 South Africa
      13.2.3 Turkey
      13.2.4 Rest of Middle East & Africa
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Embedded Secure Element Market Size Forecast By Type
      13.6.1 Chip-Scale Package (CSP) Packages
      13.6.2 Surface Mounted Device(SMD) Packages
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Middle East & Africa (MEA) Embedded Secure Element Market Size Forecast By

Application
      13.10.1 Mobile Phones and Wearables
      13.10.2 Automotive
      13.10.3 Payment and Banking
      13.10.4 Pay TV
      13.10.5 Others
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Embedded Secure Element Market: Competitive Dashboard
   14.2 Global Embedded Secure Element Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 Beijing HuaDa ZhiBao Electronic System Co.,Ltd.
      14.3.2 Giesecke+Devrient GmbH
      14.3.3 IDEMIA
      14.3.4 Infineon Technologies AG
      14.3.5 Maxim Integrated
      14.3.6 Microchip Technology Inc.
      14.3.7 NXP Semiconductors
      14.3.8 Rambus.com
      14.3.9 STMicroelectronics
      14.3.10 Thales Group
Key Segments Covered
By Types
  • Chip-scale Package (CSP) Packages
  • Surface Mounted Device (SMD) Packages
By Applications
  • Mobile Phones and Wearables
  • Automotive
  • Payment and Banking
  • Pay TV
  • Others
By Regions
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of the Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • South East Asia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • Turkey
    • South Africa
    • Rest of Middle East & Africa

Key Market Players Profiled in the Report
  • Thales Group
  • Giesecke+Devrient GmbH
  • IDEMIA
  • Infineon Technologies AG
  • Maxim Integrated
  • Microchip Technology Inc.
  • NXP Semiconductors
  • STMicroelectronics
  • Rambus.com
  • Beijing HuaDa ZhiBao Electronic System Co.,Ltd.
  • Prominent manufacturers operating in the embedded secure element market include Thales Group, Giesecke+Devrient GmbH, IDEMIA, Infineon Technologies AG, Maxim Integrated, Microchip Technology Inc., NXP Semiconductors, STMicroelectronics, and Rambus.com.
  • In January 2021, Giesecke+Devrient GmbH and the environmental organization Parley for the Oceans signed an agreement to produce and offer environmentally friendly payment cards. These payment cards are manufactured using recycled plastic waste from the world's oceans. Giesecke+Devrient GmbH intends to promote eco-innovation through payment solutions and help clients in their sustainability strategies.
  • In April 2020, Infineon Technologies AG acquired Cypress Semiconductor Corporation to strengthen its emphasis on structural growth drivers and on a wide range of applications.
  • In April 2019, Thales Group completed the acquisition of Gemalto to overcome challenges such as unmanned air traffic management, network, and data cybersecurity.

Global Embedded Secure Element Market By Key Players

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report provides supply chain analysis along with a list of raw material suppliers, manufacturers, distributors, and customers.

According to this Growth Market Reports’ report, the market from embedded secure element is likely to register a CAGR of 10.1% during forecast period 2020-2027, with an anticipated valuation of USD667.9 million by the end of the 2027.

In addition to market size (in USD Million), company market share (in % for base year 2019), other data such macro-economic factors and COVID-19 impact on the value chain are also available in the final report.

The applications in the global embedded secure element market include mobile phones and wearables, automotive, payment and banking, pay TV, and others.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The demand for embedded secure elements is expected to continue to increase over the forecast period, taking into account rise in need to address counterfeiting activities, growth in demand for IoT devices, increase in penetration of smartphones and wearable, and surge in the online payments is expected to drive the market growth.

The market is expected to witness a decrease of over 3% between 2019 and 2020 owing to the adverse impact of COVID-19 pandemic on the embedded secure element market.

The base year considered for the global embedded secure element market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

Major Manufactures include Thales Group, NXP Semiconductors, and STMicroelectronics.