Smart Cards Shipments En Route to 20% Growth in 2007

Nov. 27, 2006 – Just about 2.9 Billion banking, ID, SIM, and other microprocessor smart cards are likely to be shipped by smart card vendors in 2007. This will represent an increase of 20% from the current year (2006), as per Eurosmart – vendor trade association.

According to the association, banking smart cards should touch a mark of 480 Million Units across the globe, mostly credit & debit smart cards conforming to worldwide EMV standard. However, this would include 20 Million contact less cards shipped primarily to the US. The fastest development would be witnessed in security cards, ID and documents, encompassing e-passports and health cards, which would ascend for a consecutive second year by a minimum of 50%.

Developing markets like China and India will continue to supplement most growth in SIM shipments. These countries may again augur ill for the vendors on costs. However, Chinese operators are likely to begin taking shipments of their 1st regular 3G SIM-cards in 2007 and “high end” SIM cards may “take-off” in more developed markets, like Europe.

For subscriber ID module cards, industry’s biggest market segment vendors are expected to ship about 1.8 Billion cards by year-end 2006, representing about 29% above previous year (2005). Most growth in the shipment of banking smart card during the year 2006 came from the rise in sales of EMV cards to Italy, Latin America, Indonesia, and Turkey.

As per a Research Analyst’s view at RNCOS, who has recently researched a report on “Global Smart Card Industry – Future Outlook (2007)”, “Today, smart card market has a mass market for two leading applications i.e. banking and mobile communications. Demand for the shipment is further expected to grow on account of the expansion of smart card market.”

This research report on “Global Smart Card Industry – Future Outlook (2007)”, also addresses some interesting issues for today’s Global business environment.

– What’s the situation of global smart card industry at present?
– Potential of smart cards when used with Biometrics Technology.
– Trends in market performance.
– Pinpoint sectors of growth and identify driving factors.
– Key Challenges & Strategies.
– Identify brand leaders and market.
– Gain an understanding of the competitive environment.

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