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Increased use of SIM cards and smart cards, adoption of electronic ID cards for e-governance projects to drive growth.
October 22, 2018
By: Anthony Locicero
Copy editor, New York Post
According to a new market report published by Lucintel, the future of the smart card integrated circuit (IC) market looks attractive with opportunities in telecommunication, payment and banking, transportation, e-government, and others. The global smart card IC market is expected to reach an estimated $4.3 billion by 2023 with a CAGR of 4.0% from 2018 to 2023. The major drivers for the growth of this market are increasing usage of Subscriber Identification Module (SIM) cards for mobile phones...
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