Vendor Group Projects Secure Element Shipments Will Grow by More Than 60% in 2014

Smart card vendor association Eurosmart today confirmed its earlier projection that industry suppliers would ship at least 250 million secure elements for NFC devices in 2013, and predicted shipments would grow by 64% next year to 435 million units.

The projected growth for 2014 shows the vendor group believes demand for secure elements will slow only slightly from the previous year. Eurosmart's forecast of 265 million secure element shipments by the end of 2013 would represent growth of 76.7% from 2012. That year, vendors shipped about 150 million secure elements, Eurosmart earlier estimated. 

The vendor group, as before, did not offer a breakdown for the types of secure elements vendors have been shipping in 2013. But as in 2012, the shipments are expected to be heavily weighted toward embedded chips, thanks to Samsung Electronics putting the chips in most of its NFC smartphones. 

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