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Secure Transactions News

IMS: 5.8 billion smart card ICs in 2010

Thursday 16 September 2010

Senior market analyst and report author Don Tait says, “2009 was particularly tough trading conditions for smart card IC suppliers with total revenues actually declining 9.2% to US$ 1.85 billion (EUR 1.43 billion), despite there being growth in terms of units. The economic downturn, destocking by card manufacturers and price erosion all had a negative impact on revenues. This situation is projected to improve during 2010. Key end-user sectors such as SIM cards, payment & banking and health & government are projected to grow in shipment and revenue terms during 2010. The migration towards EMV in the payment & banking sector, an increase in the demand for contactless / dual interface cards and a much healthier mobile device market are all projected to help boost demand. This will help to grow the market for smart card ICs to this 5.8 billion unit level in 2010.”