03 May 2011 2011 : Strong volume growth momentum in 2010 and a positive start in 2011
At the General Assembly (3 May 2011, Brussels), Eurosmart has increased the final figure for shipments in Telecom market segment in 2010 to 4.2 billion; thereby bringing the total shipment of microcontroller based Smart Secure Devices to above 5.5 billion in 2010. While it is still early days to make a final forecast for 2011, we feel confident that the 6 billion bar will be crossed. All the segments show double digit volume growth again this year (see the tables below).
Analysis of major growth drivers:
-Despite even higher deliveries than anticipated in 2010, Eurosmart still expects around 10% SIM shipments growth in 2011 due to the continued strong growth in India, Indonesia, China and Brazil
-The global trend for mobile financial services increases the need for security, and demand for higher end products
-M2M generates great interest, especially in the automotive and smart metering verticals
-Worldwide EMV migration continues to sustain strong growth, in particular in Latin America and Asia
-Security needs fuel the global migration to DDA
-Strong dual interface (contact & contactless) cards growth. NFC development will participate to this trend.
-Increasing deployment of eID cards and the European Resident Permit
-Developing countries benefit from eID for welfare management, census and voting
-Strong dynamism of NFC in 2011, with multiple commercial deployments happening worldwide. Eurosmart will update its market forecast for 2011 in September.
-Growth of dual interface (contact & contactless) is higher than pure contactless.
-American contactless cards issuers are reviewing their future product roadmap linked to the ongoing EMV migration discussion.