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Article: Magnetic Card Reader, Card Reader Components Markets to Increase by 25-30% in the Next Three Years.
- Article from:
- Business Wire
- Article date:
- September 20, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sept. 20, 1999--
The magnetic-card-reader and card-reader-head markets are expected to increase by 25-30% over the next 3 years as the applications and technology increase.
Since the introduction of the first bank/POS cards in 1969 the card market has expanded continuously; today this technology is used in airline ticketing, toll-way collection, student I.D., security/access, and driver's-license technology. The worldwide card- reader market is expected to total $1.3 billion in 1999, and increase to more than $2.0 billion in 2002.
The card-reader-magnetic-head markets are expected to increase, from a ...