Smart Cards Shipments En Route to 20 precent Growth in 2007

Released on = November 27, 2006, 2:44 am

Press Release Author = RNCOS

Industry = Industrial

Press Release Summary = There will be a surge in the shipment of smart cards all
over the world, as smart card vendors are likely to ship about 2.9 Billion banking,
ID, SIM, and microprocessor smart cards in next year (2007).

Press Release Body = 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.

About RNCOS:

RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
global business information for industry research, corporate training, growth
consulting, and business consulting, brings reputed companies and firms to us for
business enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

For more information visit: http://www.rncos.com/Report/IM089.htm
Current Industry News: http://www.rncos.com/blog



Web Site = http://www.rncos.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •