Smart cards seeing huge return

With the success of smart card and IC’s shipped internationally last year, the demand only seems to be greater moving forward.

Despite a down year in 2009, 2010 was a bright spot. More than 6 billion IC’s were passed and 5.9 million smart cards were shipped, which represents more than a 20 percent increase. The SIM card market reached 4 billion shipments.

The payment and banking sector saw a 15 percent increase in shipping volumes, according to ABI Research analyst John Devlin. “One might expect contactless to account for a higher percentage, but we must remember that SIM cards, which have not yet seen any significant contactless rollout, account for the majority of shipments,” he said.

The leader of the manufacturers for smart cards is Gemalto, accounting for 33.8 percent of the market share. Infineon received a 26.3 share among integrated circuit card providers and Samsung 34 percent in IC volume, according to ABI Research.

What makes smart cards convenient and quick is the user needs to simply wave the card at the sensor as opposed to inserting into a device like a credit card.

 

 

Related ID News:

  1. Bank reports huge numbers for plastic cards
  2. Contactless smartcard shipments grow to 3.5 billion in 2016
  3. SCATC announces workshop for smart cards
  4. Prepaid cards expected to increase, report says
  5. RNCOS: Contactless smartcards market continues growth

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