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These card market facts and forecasts should answer the most commonly asked questions about the future of plastic card industry. CardLogix accepts no responsibility for the accuracy of this information. The following data relates to Magnetic-Stripe, Smart and Contactless cards. Drawn from a variety of sources, the information will be updated periodically as new industry statistics becomes available. Feel free to contact any of the sources listed for an opinion or report. (Note: Statistics are approximate and have been rounded off. All dollar figures are US dollars.)
No. of Total Plastic Cards Produced in 1996 6 billion
The chip card is the highest-volume electronics end product in the world today. Dataquest estimates that 962 million cards were sold in 1997. The number of chip cards sold in 1997 was about 13 times the number of cellular phones manufactured, about 12 times the number of audio CD players made, and about 11 times the number of PCs produced. Chip cards can perform various duties such as pocket change, paper money, debit and credit cards, acting as a means of identification, access, or payment.
WorldWide Chip Card Market Forecast (Millions of Dollars and Millions of Units)
Global Smart Cards in Use in 1996
Phone 575 million
Smart card sales will balloon to more than $5 billion in 2003, up from $974 million in 1996, according to a study from the consulting firm Frost & Sullivan (Mountain View, Calif.). However, that growth won't come before a few more lean years of industry shakeup and consolidation, according to Alyxia T. Do, the analyst who authored this report.
The number of smart cards in North America is expected to reach 273 million by
the year 2001.
Global smart card production will expand from 688 million cards in 1995 to two billion by the year 2000.
Worldwide smart card chip sales will reach $2.8 billion by 2001, with annual sales increasing by more than 50% a year, according to Ulrich Harmann, vice president and general manager of smart card integrated circuits with the Siemens Semiconductor Group. Harmann expects 1997 card chip sales to total $520 million. While Europe now accounts for 68% of overall smart card demand, Harmann predicts that by the end of the decade, Europe will represent only a third of demand with Asia and the United States also each representing one-third of demand.
The worldwide market opportunity for smart card manufacturers such as CardLogix, Gemplus, Schlumberger and others will grow from $1.2 billion in 1996, to $7.6 billion in 2000, a 59 percent growth rate (CAGR) typical of emerging markets, according to a new study from Killen & Associates, "Non-Banks' Smart Card Strategies: New Opportunities to Increase Sales and Profits." From 2000 to 2005, the more mature market will grow at 16 percent CAGR, reaching $16 billion in 2005.
The US government expects all its employees to carry multipurpose smart cards within two years (1997-1999), according to Jack Radzikowski, chief of federal financial systems for the Office of Management and Budget. The federal employees will use the chip cards for building access, business expenses and Internet services.
The smart card market is growing at close to 50% a year according to a new edition of the most comprehensive industry research report, The Smart Card, published today by SJB Research. This means that as many as three to four billion smart cards will be issued in the year 2000 compared with the eight hundred million issued in 1996.
Global Financial Card Statistics
1997
No. of Cards 1.02 billion
No. ATM's in the USA 165,000
No. of Magnetic-Stripe Card Readers and terminals now Deployed in the US 15 to 20 million
E-Commerce Market
No.of Web Devices (PCs/Internet TVs)
No. of Total Users 175 million
No.of Smart Card Transactions by 2005 30 billion
No. of Wireless Phone Subscribers Using Smart Cards in 2001 500 million
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