World Smart Cards

Freedonia Group Inc
March 1, 2003
327 Pages - SKU: FG867276
License type:
Countries covered: Global

World Smart Cards

 
Despite growing at a generally healthy rate (10-20 percent per annum) over the past decade or so, the world smart card market as of the early 2000s had still not de- veloped to the extent that most of its proponents originally hoped. The vast majority of demand continued to take the form of prepaid phone cards and subscriber identity module (SIM) cards for GSM (Global System for Mobile Communications) mobile phones in Western Europe, China and elsewhere, markets that are maturing rapidly and that were adversely impacted by the telecom sector downturn of 2001-2002.

The world market for smart card products and services is projected to recover from recent weakness and grow 11 percent per annum to US$8 billion in 2006. In particular, smart cards are beginning to make serious in-roads in financial-related applications (i.e., credit/debit cards) -- especially in Western Europe -- while smaller markets such as transit system cards and govern- ment benefits transfer cards are emerging in Asia and certain other regions.

Fueling smart card growth going forward will be multiapplication smart cards, cards for so-called third generation mobile phone services, further migration of magnetic stripe-based financial cards to smart cards, and generic growth in the Asia/Pacific market.

This study analyzes emerging applications, technological innovation, standardization and global market growth for smart cards. Historical data to 2001 as well as forecasts through 2006 and 2011 are provided for 23 countries and six regions for smart card products demand by type and cards issued major application. It also assesses market share and profiles vendors of related products and services.

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