Abstract
IC or smart cards were a $2.8 billion industry in 2008 thanks to a number of
application markets including mobile handsets, banking, healthcare, and
security/ID purposes. IC cards fall into either standard contact or RF
contactless varieties, with standard IC cards currently accounting for the
majority of revenue.
The entire IC card market was worth nearly $2.8 billion in 2008 with an annual
growth rate of 11 percent which will cause the entire market to reach over
$4.7 billion by 2013. Standard IC cards currently account for 70 percent of
sales with $1.9 billion, however contactless IC cards are predicted to
experience higher than average growth rates which will see them grow from just
$833 million in 2008 to $1.7 billion in 2013. This is thanks largely to
falling ASPs combined with increased unit shipments which are growing at an
impressive 18 percent annually.
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