Within the next five years the market for smart cards, secure ICs, inlays, biometric data capture, card personalization, printing and issuance in government, health care, and citizen ID will be in excess of $72 billion, according to ABI Research.
The largest proportion of revenues will be generated from the deployment of high-value applications, in particular e-passports and smart national ID cards, alongside the focus on multi-application credentials.
Several countries will contribute to this shift, including France, Brazil and Poland are moving to dual interface national ID cards and China has a pending upgrade to a microcontroller national ID. India’s unique identification project, or Aadhaar, is also said to become “real game changer.”
As countries continue to look in to secure smart card-based solutions, shipments of smart credentials will begin to overtake legacy-based solutions in 2014. At which point the market will also peak, before settling at a level close to $15 billion.