KEY FINDINGS
The global near field communication (NFC) chips market is estimated to propel with a CAGR of 11.78% during the forecast period, 2022-2030. Rising demand for NFC chips in consumer electronics, government initiatives to promote cashless transactions, the growing number of NFC-enabled smartphones, and the adoption of contactless payments across industries are driving the market growth.
MARKET INSIGHTS
According to research, contactless payments are two times faster than the conventional debit card, credit card, or cash transactions. Therefore, the demand for contactless payments is surging across retail, transport, and other industry verticals, due to ease of transaction and increased efficiency. Globally, several firms have installed contactless payment systems to streamline payments process, reduce cash handling, increase operational efficiency, and lower operating costs.
Additionally, smartphones are equipped with NFC chips which can be used for making contactless payments. There is an increase in NFC-enabled transactions due to the benefits offered by this technique. The debit/credit card information can be digitally stored on the mobile through applications such as Mastercard Pay Pass, Google Wallet, Visa payWave, PayPal, etc. The increasing number of NFC-based digital transactions is boosting market growth.
In addition, NFC chips allow users to connect their smart devices with remote control to mirror the device's display on the television's screen. NFC chips are also deployed in other consumer electronics such as televisions, washing machines, Wi-Fi routers, refrigerators, cameras, printers, headsets, etc. Thus, the adoption of NFC technology in various consumer electronics products boosts the global near field communication (NFC) chips market growth.
REGIONAL INSIGHTS
The global near field communication (NFC) chips market growth entails the evaluation of North America, Asia-Pacific, Europe, and Rest of World. Asia-Pacific is anticipated to rise with the highest growth rate by 2030, owing to the advertisements employed by the governments, network operators, and manufacturers to spread information about the benefits of the NFC technology.
COMPETITIVE INSIGHTS
The intense competitive rivalry in the global near field communication (NFC) chips market is expected to move from moderate to high levels over the forecast period. The market is concentrated in nature and competitive with the presence of big players. Further, companies are trying to compete by providing similar features at competitive prices for the products.
Sony Corporation, Marvell Technology Inc, Texas Instruments Incorporated, NXP Semiconductors NV, Murata Manufacturing Co Ltd, etc., are some of the leading market players operating globally.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Global Near Field Communication (NFC) Chips Market Forecast 2022-2030
Table Of Contents
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Parent Market Analysis: Wireless Connectivity Market
3.2. Timeline Of Near Field Communication (Nfc) Chips
3.3. Key Drivers
3.3.1. Wide Adoption Of Contactless Payments Across Numerous Industries
3.3.2. Growing Number Of Nfc-Enabled Smartphones
3.3.3. Rising Demand For Nfc Chips In Consumer Electronics
3.3.4. Government Initiatives To Promote Cashless Transaction
3.4. Key Restraints
3.4.1. Easy Availability Of Substitutes Such As Bluetooth, Zigbee, And Wi-Fi
3.4.2. Rising Data Security And Privacy Concerns
3.4.3. Complexity Related To Product Designing
3.4.4. High Cost Of Nfc Chips
4. Key Analytics
4.1. Impact Of Covid-19 On Near Field Communication (Nfc) Chips Market
4.2. Key Market Trends
4.3. Porter's Five Forces Analysis
4.3.1. Buyers Power
4.3.2. Suppliers Power
4.3.3. Substitution
4.3.4. New Entrants
4.3.5. Industry Rivalry
4.4. Opportunity Matrix
4.5. Vendor Landscape
4.6. Value Chain Analysis
4.6.1. Raw Materials Suppliers
4.6.2. Manufacturers
4.6.3. Distributors
4.6.4. End-Users
4.7. Key Buying Criteria
4.7.1. Application
4.7.2. Price
4.7.3. Communication Speed
4.7.4. Storage
4.8. Regulatory Framework
5. Market By Product
5.1. Non-Auxiliary
5.2. Auxiliary
6. Market By Application
6.1. Television
6.2. Smartphone
6.3. Medical Equipment
6.4. Other Applications
7. Market By End-User
7.1. Consumer Electronics
7.2. Automotive
7.3. Retail
7.4. Banking And Finance
7.5. Medical
7.6. Other End-Users
8. Geographical Analysis
8.1. North America
8.1.1. Market Size & Estimates
8.1.2. Key Growth Enablers
8.1.3. Key Challenges
8.1.4. Key Players
8.1.5. Country Analysis
8.1.5.1. United States
8.1.5.2. Canada
8.2. Europe
8.2.1. Market Size & Estimates
8.2.2. Key Growth Enablers
8.2.3. Key Challenges
8.2.4. Key Players
8.2.5. Country Analysis
8.2.5.1. United Kingdom
8.2.5.2. Germany
8.2.5.3. France
8.2.5.4. Italy
8.2.5.5. Russia
8.2.5.6. Netherlands
8.2.5.7. Rest Of Europe
8.3. Asia-Pacific
8.3.1. Market Size & Estimates
8.3.2. Key Growth Enablers
8.3.3. Key Challenges
8.3.4. Key Players
8.3.5. Country Analysis
8.3.5.1. China
8.3.5.2. Japan
8.3.5.3. India
8.3.5.4. South Korea
8.3.5.5. Indonesia
8.3.5.6. Thailand
8.3.5.7. Vietnam
8.3.5.8. Australia & New Zealand
8.3.5.9. Rest Of Asia-Pacific
8.4. Rest Of World
8.4.1. Market Size & Estimates
8.4.2. Key Growth Enablers
8.4.3. Key Challenges
8.4.4. Key Players
8.4.5. Regional Analysis
8.4.5.1. Latin America
8.4.5.2. Middle East & Africa
9. Competitive Landscape
9.1. Key Strategic Developments
9.1.1. Mergers & Acquisitions
9.1.2. Product Launches & Developments
9.1.3. Partnerships & Agreements
9.1.4. Business Expansions & Divestitures
9.2. Company Profiles
9.2.1. Broadcom Inc
9.2.2. Em Microelectronic-Marin Sa
9.2.3. Marvell Technology Inc
9.2.4. Mediatek Inc
9.2.5. Mstar Semiconductor
9.2.6. Murata Manufacturing Co Ltd
9.2.7. Nxp Semiconductors Nv
9.2.8. Qualcomm Incorporated
9.2.9. Renesas Electronics Corporation
9.2.10. Samsung Electronics Co Ltd
9.2.11. Sony Corporation
9.2.12. Stmicroelectronics Nv
9.2.13. Texas Instruments Incorporated
9.2.14. Toshiba Corporation
9.2.15. Verimatrix (Formerly Inside Secure)
List Of Tables
Table 1: Market Snapshot - Near Field Communication (Nfc) Chips Market
Table 2: Nfc Based Transaction Services By Companies
Table 3: List Of Nfc-Enabled Smartphone Models & Smartphone Manufacturers
Table 4: Start-Ups In Nfc Technology
Table 5: Regulatory Framework
Table 6: Global Near Field Communication (Nfc) Chips Market, By Product, Historical Years, 2018-2021 (In $ Million)
Table 7: Global Near Field Communication (Nfc) Chips Market, By Product, Forecast Years, 2022-2030 (In $ Million)
Table 8: Global Non-Auxiliary Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 9: Global Non-Auxiliary Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 10: Global Auxiliary Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 11: Global Auxiliary Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 12: Global Near Field Communication (Nfc) Chips Market, By Application, Historical Years, 2018-2021 (In $ Million)
Table 13: Global Near Field Communication (Nfc) Chips Market, By Application, Forecast Years, 2022-2030 (In $ Million)
Table 14: Global Television Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 15: Global Television Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 16: Global Smartphone Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 17: Global Smartphone Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 18: Global Medical Equipment Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 19: Global Medical Equipment Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 20: Global Other Applications Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 21: Global Other Applications Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 22: Global Near Field Communication (Nfc) Chips Market, By End-User, Historical Years, 2018-2021 (In $ Million)
Table 23: Global Near Field Communication (Nfc) Chips Market, By End-User, Forecast Years, 2022-2030 (In $ Million)
Table 24: Global Consumer Electronics Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 25: Global Consumer Electronics Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 26: Global Automotive Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 27: Global Automotive Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 28: Global Retail Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 29: Global Retail Market, By Region, Forecast Years 2022-2030 (In $ Million)
Table 30: Global Banking And Finance Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 31: Global Banking And Finance Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 32: Global Medical Market, By Region, Historical Years. 2018-2021 (In $ Million)
Table 33: Global Medical Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 34: Global Other End-Users Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 35: Global Other End-Users Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 36: Global Near Field Communication (Nfc) Chips Market, By Geography, Historical Years, 2018-2021 (In $ Million)
Table 37: Global Near Field Communication (Nfc) Chips Market, By Geography, Forecast Years, 2022-2030 (In $ Million)
Table 38: North America Near Field Communication (Nfc) Chips Market, By Country, Historical Years, 2018-2021 (In $ Million)
Table 39: North America Near Field Communication (Nfc) Chips Market, By Country, Forecast Years, 2022-2030 (In $ Million)
Table 40: Leading Players Operating In North America Near Field Communication (Nfc) Chips Market
Table 41: Europe Near Field Communication (Nfc) Chips Market, By Country, Historical Years, 2018-2021 (In $ Million)
Table 42: Europe Near Field Communication (Nfc) Chips Market, By Country, Forecast Years, 2022-2030 (In $ Million)
Table 43: Leading Players Operating In Europe Near Field Communication (Nfc) Chips Market
Table 44: Asia-Pacific Near Field Communication (Nfc) Chips Market, By Country, Historical Years, 2018-2021 (In $ Million)
Table 45: Asia-Pacific Near Field Communication (Nfc) Chips Market, By Country, Forecast Years, 2022-2030 (In $ Million)
Table 46: Leading Players Operating In Asia-Pacific Near Field Communication (Nfc) Chips Market
Table 47: Rest Of World Near Field Communication (Nfc) Chips Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 48: Rest Of World Near Field Communication (Nfc) Chips Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 49: Leading Players Operating In Rest Of World Near Field Communication (Nfc) Chips Market
Table 50: List Of Mergers & Acquisitions
Table 51: List Of Product Launches & Developments
Table 52: List Of Partnerships & Agreements
Table 53: List Of Business Expansions & Divestitures
List Of Figures
Figure 1: Timeline Of Near Field Communication (Nfc) Chips
Figure 2: Projected Nfc-Enabled Smartphones, 2014-2020 (%)
Figure 3: Key Market Trends
Figure 4: Porter's Five Forces Analysis
Figure 5: Opportunity Matrix
Figure 6: Vendor Landscape
Figure 7: Value Chain Analysis
Figure 8: Key Buying Criteria
Figure 9: Global Near Field Communication (Nfc) Chips Market, Growth Potential, By Product, In 2021
Figure 10: Global Near Field Communication (Nfc) Chips Market, By Non-Auxiliary, 2022-2030 (In $ Million)
Figure 11: Global Near Field Communication (Nfc) Chips Market, By Auxiliary, 2022-2030 (In $ Million)
Figure 12: Global Near Field Communication (Nfc) Chips Market, Growth Potential, By Application, In 2021
Figure 13: Global Near Field Communication (Nfc) Chips Market, By Television, 2022-2030 (In $ Million)
Figure 14: Global Near Field Communication (Nfc) Chips Market, By Smartphone, 2022-2030 (In $ Million)
Figure 15: Global Near Field Communication (Nfc) Chips Market, By Medical Equipment, 2022-2030 (In $ Million)
Figure 16: Global Near Field Communication (Nfc) Chips Market, By Other Applications, 2022-2030 (In $ Million)
Figure 17: Global Near Field Communication (Nfc) Chips Market, Growth Potential, By End-User, In 2021
Figure 18: Global Near Field Communication (Nfc) Chips Market, By Consumer Electronics, 2022-2030 (In $ Million)
Figure 19: Global Near Field Communication (Nfc) Chips Market, By Automotive, 2022-2030 (In $ Million)
Figure 20: Global Near Field Communication (Nfc) Chips Market, By Retail, 2022-2030 (In $ Million)
Figure 21: Global Near Field Communication (Nfc) Chips Market, By Banking And Finance, 2022-2030 (In $ Million)
Figure 22: Global Near Field Communication (Nfc) Chips Market, By Medical, 2022-2030 (In $ Million)
Figure 23: Global Near Field Communication (Nfc) Chips Market, By Other End-Users, 2022-2030 (In $ Million)
Figure 24: North America Near Field Communication (Nfc) Chips Market, Country Outlook, 2021 & 2030 (In %)
Figure 25: United States Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 26: Canada Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 27: Europe Near Field Communication (Nfc) Chips Market, Country Outlook, 2021 & 2030 (In %)
Figure 28: United Kingdom Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 29: Germany Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 30: France Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 31: Italy Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 32: Russia Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 33: Netherlands Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 34: Rest Of Europe Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 35: Asia-Pacific Near Field Communication (Nfc) Chips Market, Country Outlook, 2021 & 2030 (In %)
Figure 36: China Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 37: Japan Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 38: India Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 39: South Korea Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 40: Indonesia Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 41: Thailand Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 42: Vietnam Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 43: Australia & New Zealand Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 44: Rest Of Asia-Pacific Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 45: Rest Of World Near Field Communication (Nfc) Chips Market, Regional Outlook, 2021 & 2030 (In %)
Figure 46: Latin America Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
Figure 47: Middle East & Africa Near Field Communication (Nfc) Chips Market, 2022-2030 (In $ Million)
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