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590 crore smart ICs ship in 2010

Posted: 17 Jan 2011     Print Version  Bookmark and Share

Keywords:smart cards  secure ICs  market report 

ABI Research reports that the market for smart cards and secure ICs grew to record levels in 2010, and is predicted to keep increasing in 2011.

The 600 crore IC milestone was achieved for the first time last year as manufacturers bounced back from a poor 2009, growing over 20 per cent to meet the demand of 590 crore smart cards that shipped. The SIM card market was the growth driver, shipping 400 crore units for the first time.

In terms of value, the IC market returned to the Rs.9,173.23 crore ($2 billion) level after a significant decline in 2009 when it fell to Rs.7,797.25 crore ($1.7 billion). This growth is a result of higher volumes and a slower decline in average selling price as well as strong growth in higher value verticals and a greater requirement for higher-level features, such as contactless and multiple application capabilities.

Smart cards employing a contactless interface made up about 10 per cent of the total.

John Devlin, practice director, ABI Research, explains, "One might expect contactless to account for a higher percentage, but we must remember that SIM cards, which have not yet seen any significant contactless rollout, account for the majority of shipments."

Devlin continues, "In the payment and banking sector, 2010 shipment volumes grew 15 per cent and in the coming year they are forecast to expand even faster, comfortably exceeding the milestone of 1 billion [100 crore] units for the first time. We are also seeing more demand for EMV-compliant cards with advanced dynamic data authentication capability, new products meeting higher level common criteria security standards and greater issuance of contactless solutions."

- Julien Happich
EE Times Europe

For more statistics and forecasts, click here.

Find related content:
  - company/industry news
  - new products
  - technical papers
  - application notes

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