Dual interface smart cards exceed 100 cr in 2015
Government ID, transportation and ticketing, and payment cards continue strong double-digit growth in contactless adoption, said ABI. SWP SIM card volumes continue to strengthen, and are expected to breech the 50 crore mark in 2018.
Over the next three years ABI Research expects to see a shift in the penetration ratio of pure contactless and dual interface shipments. In 2013, ABI Research forecasts 59 per cent of all contactless deployments will utilise a pure contactless interface, reducing to 38 per cent in 2018. The increase in dual interface adoption is apparent across multiple markets. IC vendors NXP, Infineon, and STMicroelectronics are positioned to offer the best combination of convenience and high-end security over multiple applications. Additionally, the increase in dual interface adoption will deliver greater margins benefiting IC and smart card vendors alike.
Research analyst Phil Sealy comments, "The increase in contactless adoption is not limited to a selection of markets, although it's the banking and government verticals which are adopting contactless technology at a quicker rate, with the SIM market close behind. ABI Research tracks new services and credentials regionally, including governments issuing new national ID and social welfare cards, MNOs with SIM-based NFC payment services and wallets, and banks jumping to next-generation dual interface EMV cards. As a result ABI Research forecasts that dual interface shipments will exceed the 1 billion [100 crore] mark in 2015."
For more statistics and forecasts, click here.
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