Smart card chip will usher in a big explosion

The application of smart card chips has become more and more extensive. With the issuance of social security cards and financial cards, smart card chips will usher in an explosion period.

It is predicted that the amount of issuance of financial IC cards will reach 300 million in 2013, and is expected to be 500 million to 600 million in 2014. The main growth space comes from four aspects:

1. Financial Social Security Card: The financial social security card has a clear "12th Five-Year Plan" target card issuance volume. With rapid development in the past few years, it is expected that the card issuing task will be completed ahead of schedule. It is predicted that by the end of 2013, the total number of social security card issuance will reach 480 million. In 2014 and 2015, the increase in social security card issuance will be more than 150 million per year. Judging from the current situation of market issuance, the financial and social security card market will maintain rapid growth in the next two years.

2. Financial IC card. The People's Bank of China explicitly requested that the completion of the migration of financial IC cards be completed in 2015. In recent years, the issuance of financial IC cards will show a rapid increase. According to the latest statistics, in 2013, the cumulative amount of financial IC card has reached 340 million, and the domestic financial IC card market has a huge prospect and has entered the peak period of EMV migration. Smart cards are important products for national economy and information security and are widely used in communications, finance, public security, social security, transportation, health, and logistics. The global industrial scale exceeds 10 billion U.S. dollars and the annual growth rate reaches double digits. In China, the annual dosage is nearly 2 billion, and the output value is nearly 10 billion yuan. With the popularity of Internet of Things, cloud computing, e-commerce and e-government, the application of smart cards will further expand. China's financial IC card is a very promising smart card market. According to statistics, there are currently 800 million demand (50% for financial cards and 50% for other application cards), and it will be compounded over the next 5 years. The rate exceeds 20%. Financial IC cards will inevitably enter a stage of rapid development.

3. Mobile payment. 2013 is the beginning of China's promotion of mobile payments, which will bring about the full start-up and prosperity of the industry chain. The number of domestic mobile payment users will reach 600 million in the next five years. This shows that the domestic mobile payment market has great potential.

4. Resident health card. Since the residents' health card was first launched in March 2012, it has rapidly spread throughout the country and the number of pilot cities has gradually increased. Coupled with the richness of the application of health card products in the industry, it may bring greater opportunities for the development of the market.