Smart Card Market Forecast to 2014

The global smart card industry has been witnessing dynamic changes for the past few years, and these, in turn, have created significant opportunities for the market participants. New and attractive growth prospects are being witnessed due to EMV (Euro pay, MasterCard, & VISA) migration, Long Term Evolution (LTE) deployment across the globe, and government support. Moreover, the entry of innovative smart card devices in the market will further strengthen the overall industry in the long run.

According to our research report “Smart Card Market Forecast to 2014”, the global shipments of smart cards are estimated to reach around 6.1 Billion units in 2011, growing at the rate of around 11% over previous year. A major chunk of this market is captured by four companies, namely Gemalto, Giesecke & Devrient, Oberthur, and Morpho. Though telecom sector is still the major user of smart cards, other sectors, such as financial services and healthcare are also expected to augment the rate of usage. [URL]http://www.bharatbook.com/market-research-reports/business-forecast-outlook-market-research-report/smart-card-market-forecast-to-2014.html[/url]

Furthermore, the huge demand for smart cards will be seen in emerging markets as some of the key manufacturers in these regions are expanding their market reach. Increasing penetration of 3G, and renowned focus on payment transaction will give a further boost to the momentum. In addition, the liability associated with EMV standard is also driving many banks to issue smart cards. Backed by such positive factors, the global smart card shipments are expected to post a double digit growth (CAGR of around 12%) during 2011-2014. business market research

Contactless technology is the buzzword in the global smart card industry. Increasing demand for contactless smart cards is mainly being fuelled by Near Field Communication (NFC), mass transit projects and e-passports. The volume of secure microprocessor contactless smart card shipment is likely to grow at a CAGR of around 22% during 2011-2014. At the applications front, financial services sector is the key user of contactless smart cards, and e-passports and other identification (ID) applications hold the prominent position in the government sector.

The report is an outcome of an extensive research and in-depth analysis of the global smart card market. It took into account almost all the key aspects of the market. The report is categorized on the basis of industry applications in sectors, like telecom, transport, public sector and financial services, and country wise developments in the smart card sector. The report also investigates the current market trends, and analyzes their impact on the future performance of the industry. Moreover, with a focus on the competitive environment, the report provides a comprehensive description of strengths and weeknesses of the market leaders. Overall, the report aims at providing clients with an optimum source of knowledge and statistics on the smart card industry.

List of Figures:

Figure 4-1: Global - Smart Card Shipment (Billion Units), 2009-2014

Figure 4-2: Global - Forecast for Smart Card Shipment by Application (%), 2014

Figure 4-3: Global - Secure Microprocessor Contactless Smart Card Shipment (Million Units), 2009-2014

Figure 4-4: Global - Secure Microprocessor Contactless Smart Card Shipment by Application (%), 2011

Figure 5-1: Global - Smart Card Shipment in Telecom Sector (Billion Units), 2009-2014

Figure 5-2: Global - Smart Card Shipment in Transport Sector (Million Units), 2009-2014

Figure 5-3: Global - Smart Card Shipment in Government/Healthcare Sector (Million Units), 2009-2014

Figure 5-4: Global - Smart Card Shipment in Financial Services (Million Units), 2009-2014

Figure 6-1: US - Number of Contactless Payment Cards in Circulation (Million Units), 2009 & 2012

Figure 6-2: India - Number of Smart Cards in Circulation (Million Units), 2009-2014

Figure 6-3: China - Number of Smart Cards in Circulation (Billion Units), 2009-2014

Figure 6-4: Japan - Number of Smart Cards Issued (Million Units), 2009-2014

Figure 6-5: South Korea - Smart Card Shipment (Million Units), 2009-2014

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Smart Card Market Forecast to 2014

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[Dhruv Bindhani]

The global smart card industry has been undergoing significant transformations, driven by technological advancements and evolving market demands. This has created substantial growth opportunities for market participants.

Key Drivers of Growth in the Smart Card Market (leading up to 2014):

• EMV (Europay, MasterCard, & VISA) Migration: The global shift to EMV chip card standards significantly propelled the adoption of smart cards in financial services due to increased security and a fraud liability shift.
• Long Term Evolution (LTE) Deployment: The rollout of LTE networks worldwide contributed to the demand for smart cards, particularly in the telecom sector, for Subscriber Identity Modules (SIM cards).
• Government Support: Government initiatives, especially in areas like e-passports and other identification (ID) applications, played a crucial role in boosting smart card usage.
• Innovation in Smart Card Devices: The introduction of new and innovative smart card devices further strengthened the industry.

Market Size and Growth (2011-2014 Forecast):

• According to a "Smart Card Market Forecast to 2014" report from Bharat Book Bureau, global smart card shipments were estimated to reach around 6.1 billion units in 2011, marking an 11% growth over the previous year.
• The report projected a double-digit Compound Annual Growth Rate (CAGR) of around 12% for global smart card shipments during the 2011-2014 period.

Major Market Players:

• Four key companies dominated a significant portion of the market:
  • Gemalto
  • Giesecke & Devrient
  • Oberthur
  • Morpho

Industry Applications:

• Telecom Sector: Remained the primary user of smart cards.
• Financial Services: Expected to significantly augment their usage of smart cards, driven by EMV liability and a focus on payment transactions.
• Healthcare: Also anticipated to increase its adoption of smart cards.
• Transport and Public Sector: Significant users, particularly with the rise of contactless technology.

Emerging Markets and Contactless Technology:

• Emerging Markets: Expected to drive substantial demand for smart cards due to expanding market reach of key manufacturers and increasing penetration of 3G technology.
• Contactless Technology:Was a major "buzzword," with increasing demand fueled by:
  • Near Field Communication (NFC): Enabling tap-and-go payments and interactions.
  • Mass Transit Projects: For ticketing and fare collection systems.
  • e-Passports: Enhancing security and efficiency in international travel.
• Contactless Smart Card Growth: The volume of secure microprocessor contactless smart card shipments was projected to grow at a CAGR of approximately 22% during 2011-2014.
• Key Applications for Contactless Smart Cards:
  • Financial Services: As a primary user.
  • Government Sector: For e-passports and other identification applications.

Report Scope and Analysis:

The "Smart Card Market Forecast to 2014" report conducted extensive research and in-depth analysis, covering:

• Market categorization by industry applications (telecom, transport, public sector, financial services).
• Country-wise developments in the smart card sector (e.g., US, India, China, Japan, South Korea).
• Current market trends and their impact on future industry performance.
• Competitive environment analysis, including strengths and weaknesses of market leaders.

List of Figures (Examples from the report):

The report included various figures to illustrate market trends and forecasts, such as:

• Global Smart Card Shipment (Billion Units), 2009-2014
• Global Forecast for Smart Card Shipment by Application (%), 2014
• Global Secure Microprocessor Contactless Smart Card Shipment (Million Units), 2009-2014
• Smart Card Shipment in Telecom, Transport, Government/Healthcare, and Financial Services sectors (2009-2014)
• Number of Contactless Payment Cards in Circulation in the US (2009 & 2012)
• Number of Smart Cards in Circulation in India, China, Japan, and South Korea (2009-2014)

This summary is based on information that would have been current around the time of the report's publication (likely late 2011 or early 2012, forecasting up to 2014). The smart card market has continued to evolve significantly since then, with ongoing trends in contactless payments, biometric integration, and diversification into new applications.