The global demand for Near Field Communication (NFC) Chips Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
NFC chip or a near-field communication chip is a silicon component of Integrated Circuit (ICs) that can be employed in various ways, depending on the application. An NFC chip enables short-range, wireless communication between two devices when connected to an appropriate antenna. It provides an additional layer of security, as only devices within proximity of each other can communicate via NFC. The NFC reader chip is the active part of the system; it reads and processes the information before triggering a specific response.
Market Dynamics
The global near-field communication (NFC) chips market is estimated to proliferate at a lucrative rate during the forecast period. The increasing trend of mobile commerce and the growing adoption of wearable & portable technology is steering the global near field communication (NFC) chips market. Increasing urbanization in emerging economies, growing online and in-store payment, increasing penetration of contactless technology, and increasing need for connectivity between different devices are anticipated to propel the global near field communication (NFC) chips market. However, lack of awareness about the benefits of NFC, issue of short-range communication, security concerns, and competition from alternative payment methods is limiting the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of near field communication (nfc) chips. The growth and trends of near field communication (nfc) chips industry provide a holistic approach to this study.
Market Segmentation
This section of the near field communication (nfc) chips market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
By Application
- Television
- Medical Equipment
- Smartphone
- Other
By Verticals
- Consumer Electronics
- Automotive
- Retail
- Banking & Finance
- Medical
- Other
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Near Field Communication (NFC) Chips market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Near Field Communication (NFC) Chips Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the near field communication (nfc) chips market include Murata Manufacturing Co. Ltd, EM Microelectronic-Marin S.A., Marvell Technology Group Ltd, STMicroelectronics N.V., MediaTek Inc, Toshiba Corporation, Inside Secure S.A., Samsung Semiconductor Inc, NXP Semiconductors N.V., Broadcom Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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