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Market Snapshot

CAGR:7.32

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	7.32

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Report Overview

Near Field Communication (NFC) Chip Market Analysis Report 2023-2032:

Market Overview:

The Near Field Communication (NFC) Chip Market is poised for significant growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 6.78% between 2022 and 2032. Over this period, the market is anticipated to increase by USD 2,310.45 million. The escalating demand for seamless and secure wireless communication, coupled with the proliferation of contactless payment systems, drives the NFC chip market. NFC chips enable short-range wireless interactions between devices, facilitating secure data exchange and enhancing user convenience.

Market

Drivers:

A key driver propelling the growth of the NFC chip market is the rapid adoption of contactless payment solutions. NFC technology empowers users to make secure and convenient payments by simply tapping their NFC-enabled devices or cards on payment terminals. This seamless and efficient payment experience is driving the demand for NFC chips in smartphones, wearables, and payment cards.

Moreover, the increasing integration of NFC technology into various applications, such as access control, public transportation, and digital identity verification, further fuels the NFC chip market's expansion.

Market

Trends:

An influential trend in the NFC chip market is the integration of NFC technology into IoT devices. As the Internet of Things (IoT) ecosystem grows, NFC-enabled devices facilitate simplified device pairing, data exchange, and configuration, enhancing user experiences and operational efficiency. This trend aligns with the increasing demand for interconnected smart devices in homes, industries, and urban environments.

Additionally, the implementation of NFC technology in healthcare, including patient identification and medication tracking, presents new growth opportunities for the NFC chip market.

Market

Restraints:

The NFC chip market faces challenges related to interoperability and standardization. As the adoption of NFC technology expands, ensuring seamless communication between NFC-enabled devices from different manufacturers becomes crucial. Variations in NFC standards and protocols can lead to compatibility issues and hinder the market's growth potential.

NFC Chip Market Segmentation By Application:

The smartphones and wearable segment is anticipated to witness substantial growth in the NFC chip market during the forecast period. NFC technology is widely integrated into smartphones and wearables, enabling users to make contactless payments, access digital services, and exchange information effortlessly.

NFC Chip Market Segmentation By Type:

The NFC chipset segment is expected to lead market growth. NFC chipsets are essential components that enable devices to establish short-range wireless communication. The continuous development of NFC standards and the introduction of new use cases drive the demand for advanced NFC chipsets.

Regional Overview:

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The Asia-Pacific (APAC) region is projected to dominate the NFC chip market during the forecast period, accounting for approximately 47% of the global market growth. APAC's burgeoning consumer electronics market, increasing smartphone adoption, and government initiatives to promote digital payments contribute to the robust demand for NFC chips.

Furthermore, the presence of prominent manufacturers and technology leaders in APAC, such as Samsung, Xiaomi, and Sony, drives technological innovation and product development in the region.

Impact of COVID-19:

The COVID-19 pandemic accelerated the adoption of contactless technologies, including NFC, as consumers and businesses sought hygienic and touch-free solutions. The increased reliance on digital transactions, remote services, and e-commerce platforms drove the demand for NFC-enabled devices and contactless payment systems. While supply chain disruptions initially affected market growth, the pandemic ultimately acted as a catalyst for NFC technology adoption.

NFC Chip Market Customer Landscape:

The NFC chip market report encompasses the adoption lifecycle of NFC technology, from early adopters to laggards. It analyzes adoption rates across different regions, shedding light on factors influencing purchase decisions and price sensitivity.

Major NFC Chip Market Companies:

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

NXP Semiconductors N.V. is a global semiconductor manufacturer that specializes in providing high-performance mixed-signal and standard products for a wide range of industries. They offer solutions for automotive, industrial, and Internet of Things (IoT) applications, focusing on areas such as secure connectivity, embedded processing, and power management.

Sony Corporation is a multinational conglomerate known for its diverse range of products and services. They are a leading manufacturer of consumer electronics, gaming consoles, and entertainment content. Sony is also involved in the production of semiconductors, image sensors, and other electronic components, contributing to various industries such as digital imaging, mobile devices, and home entertainment.

STMicroelectronics N.V. is a global semiconductor company that designs, develops, and manufactures a wide range of integrated circuits and solutions. They specialize in providing products for automotive, industrial, and consumer markets. STMicroelectronics offers solutions in areas such as power management, microcontrollers, sensors, and connectivity, catering to the needs of various industries including automotive, healthcare, and smart devices.

The research report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies, including:

NXP Semiconductors N.V.
Sony Corporation
STMicroelectronics N.V.
Broadcom Inc.
Qualcomm Incorporated
Infineon Technologies AG
Texas Instruments Incorporated
AMS AG
Renesas Electronics Corporation
Inside Secure (acquired by Broadridge Financial Solutions, Inc.)

Qualitative and quantitative analyses provide comprehensive insights into the competitive landscape, categorizing companies based on their market focus and strength. This analysis empowers stakeholders to better understand the competitive environment and make informed decisions.

Segment Overview:

The NFC chip market report forecasts revenue growth at global, regional, and country levels, analyzing emerging trends and opportunities from 2023 to 2032.

Application Outlook (USD Million, 2023 - 2032)

o Smartphones and Wearable

o Laptops and Computers

o Public Transport

o Payments and Banking

o Others

Type Outlook (USD Million, 2023 - 2032)

o NFC Controller Chip

o NFC Tag Chip

Geography Outlook (USD Million, 2023 - 2032)

o North America

 United States

 Canada

o Europe

 United Kingdom

 Germany

 France

 Rest of Europe

o Asia-Pacific

 China

 Japan

 South Korea

 Rest of Asia-Pacific

o South America

 Brazil

 Argentina

 Rest of South America

o Middle East & Africa

 Saudi Arabia

 South Africa

 Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Near Field Communication (NFC) Chips MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Near Field Communication (NFC) Chips MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Near Field Communication (NFC) Chips Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Near Field Communication (NFC) Chips Of Suppliers

4.5.2. Near Field Communication (NFC) Chips Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Near Field Communication (NFC) Chips MARKET BY Product type landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Auxiliary

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Non-Auxiliary

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Near Field Communication (NFC) Chips MARKET BY Application INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Television

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Medical Equipment

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4 Smartphone

6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Near Field Communication (NFC) Chips MARKET REGIONAL OUTLOOK

7.1. Near Field Communication (NFC) Chips Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Near Field Communication (NFC) Chips Market Estimates And Forecast, 2016 – 2027 (USD Million)

7.2.2. North America Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Near Field Communication (NFC) Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Near Field Communication (NFC) Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Near Field Communication (NFC) Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Near Field Communication (NFC) Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Near Field Communication (NFC) Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Near Field Communication (NFC) Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Near Field Communication (NFC) Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Near Field Communication (NFC) Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Near Field Communication (NFC) Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Near Field Communication (NFC) Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Near Field Communication (NFC) Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Near Field Communication (NFC) Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Near Field Communication (NFC) Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Near Field Communication (NFC) Chips Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Near Field Communication (NFC) Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Broadcom Corporation

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Em Microelectronic-Marin S.A

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Inside Secure S.A

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 Marvell Technology Group Ltd.

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Mediatek

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Mstar Semiconductor

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Murata Manufacturing Co., Ltd

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 NXP Semiconductors N.V

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Qualcomm

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Renesas Electronics Corporation

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Near Field Communication Nfc Chips Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

Market Snapshot

Gain accurate insights regarding the negative impacts of COVID-19 on all markets and industries

Report Overview

Drivers:

Trends:

Restraints:

Regional Overview:

Download the report summary now!

Segment Overview:

RESEARCH METHODOLOGY

Secondary Research Model

Primary Insights

Market Estimation

Final Presentation

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