2.1 Billion Contactless Credentials Will Ship into the Transportation and Ticketing Market in 2018
MiFare solutions continued to account for the lion’s share of shipments, at just over 80% of all contactless ticketing credentials deployed in 2012. Although ABI Research expects it to remain as the number one solution of choice, new standards coming to market, including CiPurse and a fast increasing “others” category will reduce MiFare’s share to a forecasted 69% in 2018.
The market continues to evolve at a fast pace and further fragmentation is expected as government’s worldwide look at implementing national standards in a bid to guarantee interoperability, enabling cross-authority travel with single credentials. ITSO in the UK and VDV in Germany are just two examples, with China also mandating migration to a new localized standard. Although local standards may use a well-known technology as its backbone, it is likely that the solutions will be certified under local names.
Overall shipment growth is forecast to maintain double-digit YoY growth rates over the next five years; however, shipments of memory-based smart cards are falling, having already decreased by 4% between 2012 and 2013.