- In 2011, 6.2 billion smart cards were shipped. Smart card shipments are
forecast to reach 6.8 billion in 2012 and 11.1 billion in 2017, increasing at
a compound annual growth rate (CAGR) of 10.3% from 2012 to 2017.
- In dollar figures, the smart card market was at $4.7 billion in 2011. It
is expected to reach nearly $5.1 billion in 2012 and $7.3 billion in 2017, a
CAGR of 7.4%.
- In 2011, nearly 2.7 billion smart cards were shipped in Europe. In dollar
figures the European smart card market reached $1.8 billion in 2011. The
market is expected to reach $2 billion in 2012 and $2.8 billion by 2017, a
CAGR of 6.8%.
SUMMARY FIGURE A
GLOBAL SMART CARD SHIPMENTS AND VALUE, 2011-2017
Source: BCC Research
STUDY GOAL AND OBJECTIVE
BCC's goal in conducting this study was to determine the current status of the
global smart card industry and assess its growth potential in recent years
(2011 and 2012) and make an educated forecast for the near future (2017). We
were particularly interested in knowing what is happening in the smart card
market and knowing how smart card projects are being implemented worldwide.
In addition, we were interested in the market potential for emerging smart
card technologies. The goal of the study also involves grasping basic smart
card technologies that are available and in use. Our key objective was to
present a comprehensive analysis of the current smart card market and its
REASONS FOR DOING THE STUDY
The smart card is the most sophisticated and advanced technology used mainly
for payment and authentication purposes. The smart card market is growing at
an amazing pace, and we are interested in knowing the trends this market will
follow. It will also be interesting to know how smart cards are being
utilized for enhancing our daily lives and businesses and making them secure.
SCOPE AND FORMAT
The scope of the study includes major smart card technologies, smart card
types, platforms, its standards and various applications of the smart card. A
major focus of the report is the market scenario of the smart card industry.
This report discusses various smart card projects that are being implemented
or that are planned around the world. The report is divided into
easy-to-follow chapters such as an overview, applications, markets etc., while
the markets are divided geographically and breakdowns are given by region,
market segment and technology.
METHODOLOGY AND INFORMATION SOURCES
Both primary and secondary research methodologies were used in preparing this
study. Information sources included professionals employed by smart card
manufacturers and project implementers; press releases, annual reports and
news from periodicals and company websites. The report has also sourced
various companies' public relations officers for the specific queries and
figures required for the report.
Amit Gud is a freelance writer and a published author working with various
magazines and e-zines worldwide. His expertise includes technical writing
covering smart cards, IT, technological trends along with lifestyle features
and world affairs. His articles and features appear regularly in print as
well as in online media. His works have been published in the Indian Express
and the Mid-Day, two of India's top newspapers, in the Mini World and English
Zone, Japanese lifestyle magazines, Publisher's Auxiliary, a community
newspaper magazine, Vision Magazine and others.
Amit holds a Master of Science degree in Computer Science from Kansas State
University and a Bachelor's degree from the University of Pune, India, with a
specialization in operating systems and software storage technology. He has
industry experience working with multiple Forbes 100 companies, including
NetApp, VMware, Red Hat, Akamai and Symantec. He has published research
papers in technical journals and conferences.