Oyster Bay, New York - 15 Sep 2014
Smart card shipments totaled 8 billion units in 2013, with government ID, SIM, and payment and banking applications accounting for 87% of all shipments, according to ABI Research. Of these three market verticals, Gemalto, Oberthur Technologies, G&D, and Morpho led the way with a combined 2013 market share of 66%. It is expected that these three applications will spurn market growth and account for 89% of all smart card shipments in 2019. The expectations and drivers for each of the three vertical markets are as follows:
Senior analyst Phil Sealy comments, “Despite YoY SIM shipments decreasing by near 220 million units in 2013, SIM cards still accounted for 61% of all smart card shipments. The fear is SIM card shipments will continue to decline steadily over the next few years and given its penetration rate, it is a scenario which could prove extremely damaging. Despite these concerns, ABI Research strongly believes SIM card growth will return this year. We are already seeing greater SIM penetration into other connected CE devices, driving a new wave of growth. Additionally, embedded SIMs could trigger greater adoption into M2M applications and likely reduce the cost barriers for inclusion into CE devices. The message is not to write off the SIM card market just yet, as new opportunities are on the horizon.”
These findings are part of ABI Research’s Smart Card and Secure ICs Market Research.
ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 70+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.
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