According to 6Wresearch, India Smart Card Market registered a Total Unit Shipment of 4, 84, 23,880 units for CY Q2 2013; a 24% increase as compared to the previous quarter. Contact Smart Cards lead the market followed by Hybrid and Contactless Smart Cards.
The Contact Smart Card segment exhibited a substantial growth of 30% with a market share of more than 90% in the Total Unit Shipments for the India Smart Card Market in CY Q2 2013 as opposed to the CY Q1 2013.
Key Highlights (CY Q2 2013)
- The India Smart Card market is lead by the Contact Smart Cards, which has also captured more than 90% of the total market share for the CY Q2 2013.
- Hybrid Smart Cards hold around 5% market share of the Total Units Shipped.
Table 1. India Smart Card Market (CY Q2 2013)
||Share in %
|Contact Smart Card
|Hybrid Smart Card
|Contact Less Smart Card
Source: 6Wresearch Quarterly India Smart Card Market, Q2 2013
Telecommunication sector has shipped more than 75% of the Total Unit Shipments of Contact Smart Cards for the India Smart Card Market in CY Q2 2013. The Hybrid Smart Cards with a market share of around 5% in the Total Unit Shipments have experienced a considerable demand in sectors such as Security and Transportation for CY Q2 2013.
However, the Contactless Smart Card Segment has exhibited a static growth in all the sectors for the India Smart Card Market in the present quarter.
Telecommunications sector holds the largest consumption for Smart Cards in India with increasing number of mobile subscribers every day. Further, the government regulated mass digitization of Cable TV networks in India has also fuelled the India Smart Card Market for the Broadcasting sector.
In order to tackle privacy and security issues, Smart Cards have become a distinctive and an integral part of operations in sectors such as banking and security organizations. Moreover, the market has witnessed a reasonable demand for Smart Cards in transportation systems like metros, interstate bus transport systems, monorails and tolls for the India Smart Card Market.