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Contactless smart cards to gain broader market

Posted: 19 Feb 2013 ?? ?Print Version ?Bookmark and Share

Keywords:contactless smart card? dual interface? NFC? EMV card?

ABI Research has predicted that 8.6 billion smart cards will ship this year. Of the total, 16 per cent are seen to use a contactless interface, rising to 30 per cent in 2018. Government ID, transportation and ticketing, and payment cards continue strong double-digit growth in contactless adoption. SWP SIM card volumes continue to strengthen, and are expected to breech the 500 million mark in 2018, added the market research firm.

In the next three years, ABI Research expects to see a shift in the penetration ratio of pure contactless and dual interface shipments. This year, the data analytics company forecasted that 59 per cent of all contactless deployments will use 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 said, "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 one billion mark in 2015."

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