Research and Markets has announced the release of a new report predicting continued “rapid” growth in sales for NFC phones and contactless smart cards for at least the next ten years.
In “NFC-Enabled Phones and Contactless Smart Cards 2010-2020,” R&M cites as evidence the 800 million Chinese who have acquired national ID cards in the last four years and the 47 million Japanese who have adopted NFC phones in three years – “two of the fastest roll outs of electronic products in human history,” says R&M.
The report covers a wide selection of contactless card and ticket schemes and their suppliers across the world, as well as ten year forecasts for all these devices and systems.
The report also includes analysis from IDTechEx, exploring new technology trends such as printed transistor circuits replacing the chip in tickets and cards, which R&M says will result in a 90% cost reduction. IDTechEx also explains why a $4 billion business in contactless cards and tickets and their systems will emerge in 2018 and details the elements of that business.
Additionally, IDTechEx forecasts that the number of NFC enabled phones sold will rise from 134 million in 2008 to 860 million in 2018. East Asians will continue to lead the way in adoption, due to greater governments and industry support.