Contactless Smart Cards, RFID, Payment, Transit and Security

Report: ePassport use to reach 88% by 2014

Monday, March 22, 2010

Acuity Market Intelligence has released a report predicting that 88% of all passports issued in 2014 will be electronic passports.

Currently, ePassports account for 57% of all passports issued and 28% of all passports in circulation in 2009.

The report, titled “The Global ePassport and eVisa Industry Report,” also contains analysis of ICAO compliant ePassports, which accounted for 53% of all passports issued and 25% of all passports in circulation in 2009.


ICAO compliant market adoption is projected to reach 84% of all passports issued in 2014, representing 77% of all passports in circulation by the beginning of 2015.

Along with ePassports, Acuity predicts that associated enrollment, verification, and authentication equipment will be upgraded on an accelerated cycle, given the speed of technology innovation and the need to engineer ahead of security breeches.

According to Acuity, the coming decade will be characterized by bringing other data carriers such as eVisas in line, developing, testing and integrating automated border control solutions, and implementing new operational models to include less-developed regions of the world. [end] 

Global Industry Analysts Inc. released a report forecasting the outlook on the global smart card market to reach 10.9 billion units by 2015.

GIA credits the growth driven largely by major initiatives in the financial, government and security sectors, with the telecom sector at the way ahead of the pack as the largest end-user. Increasing usage of contactless technology, newer applications and mandatory EMV migration across countries are also major drivers boosting the global market for smart cards.

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A new report on the market for biometric technology in India forecasted a 42.4% compound annual growth rate for the industry in the four year span. TechNavio, a market intelligence reporting company, reviews and forecasts the period of 2010 through 2014 from

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In an effort to reduce fraud, the Association of Banks in Singapor announced that it has set guidelines regarding the implementation of smart chips in ATM cards in Singapore.

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Reportlinker.com expects the global smart card market to grow 12 percent through 2014, it says in a new forecast report, according to ATM Marketplace.

“Smart Card Market Forecast to 2014” is a global look at the shipment of smart cards. Reportlinker.com estimates that shipments will be around 6.1 billion units in 2011, an 11% increase over 2010.

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India is emerging as one of the world’s fastest growing smart card markets, according to a new research report by RNCOS. With more than one billion in population and increasing modern application areas, India is anticipated to grow at a compound annual growth rate of approximately 15% during 2011-2014.

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MarketsandMarkets has published a new report predicting that the NFC market will reach over $10 billion by 2016 at a compound annual growth rate (CAGR) of 38% from 2011 to 2016.

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