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| cardsnmore.com / international_press / chinese_card_market_worth_eur_1.5_billion.html |
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Chinese card market worth EUR 1.5 billion |
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 "ResearchInChina", an analyst firm headquartered in Beijing and specializing on the Chinese markets just published its "China IC Card and Smart Card Industry Report 2007 to 2008". The report analyzes and forecasts the situation and development of Chinas IC card market, and researches key IC card chip suppliersin the world, as well as IC card chip, operating system, card packaging manufacturers and IC card relevant equipment manufacturers in China. According to this report, the shipment of China's IC card market was about 1.08 billion pieces in 2005, up 91.8% year-on-year; while the shipment revenue increased 11.1% only to CNY 5.607 billion (EUR 559 million). In 2006, the shipment was about 1.676 billion pieces, rising 55.2% year-on-year; the shipment revenue ascended 32.4% only to CNY 7.426 billion (EUR 741 million). This was caused by increasingly intensive competition in China IC market and the dropping prices of SIM card particularly. With the historic statistics from Committee of Smart Cards of China Information Industry Chamber of Commerce, ResearchInChina evaluates and forecasts the IC card shipment and shipment value from 2007 to 2008 by using time series method. In 2008, the volume will increase to 4.183 billion pieces, 1.5 times more than 2006; and the value will hit CNY 14.656 billion (EUR 1.5 billion), almost doubled that in 2006.
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