NFC Chip Market 2021 Global Key Players, Trends, Share, Industry Size, Growth, Opportunities, Forecast To 2027

NFC Chip Market 2021-2027

New Study Reports “ NFC Chip Market 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2027” has been Added on MarketResearchFuture.

Introduction/Report Summary:

This report provides in depth study of “NFC Chip Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The NFC Chip Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

Global NFC Chip Market was valued at USD 4.26 billion in 2017 and is expected to reach USD 34.76 Billion by the end of the forecast period at a CAGR of 20.12%.

The core advantage of NFC chips directs towards the fact that they do not require manual pairing with other NFC-enabled devices. In fact, the NFC chip automatically connects to the other chip when the other device comes nearby of less than 10 cm in a fraction of time. The rising penetration of smartphones in the market with NFC-enabled technology, consumer electronics adopting NFC technology, rise in the number of NFC-based digital transactions taking place and governments across the world pushing the public to make cashless transactions are some of the essential factors driving the NFC chips market, globally.

MRFR also identifies that significant start-up are mushrooming in the field of NFC as NFC chips being integrated with medical equipment and the vast expenditure made on the R&D for NFCs create opportunities for the growth of this market. With this, the swelling demand for the NFC-based payment solutions has encouraged the manufacturers to widen an improved version of the digital payment platform, and thus developing the market’s worth. The growing incursion of wearable technology devices as a noteworthy component of the Internet of Things with lowered costs have enormously contributed to the industry growth.

Furthermore, the emergence of mobile wallets, such as Apple Pay, Android Pay, and Samsung Pay, are also anticipated to further motivate the substantial mobile payments growth. This is owing to the capability of paying through mobile phones instead of cards or any other cashless payment modes. The rising add-on of vendors is anticipated to surge the concentration and propel the development of near field communication infrastructure, thus accelerating the market growth during the assessment period

Key Players

The report has profiled some of the Important players prevalent in the global like – The key players in the NFC Chip Market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Intel Corporation (US), Verifone Systems, Inc. (US), MStar Semiconductor, Inc. (Taiwan), Broadcom Corporation (US), STMicroelectronics (Switzerland), Qualcomm, Inc. (US), NXP Semiconductors (Netherlands), Ingenico Group (France), SAMSUNG (South Korea), and Marvell Technology Group Ltd (Bermuda). These players contribute a major share in the growth of NFC Chip Market.

Apart from the top key players, other players contribute to the market growth. These include Murata Manufacturing Co. (Japan), Media Tek, Inc. (Taiwan), Giesecke & Devrient GmbH (Germany), Renesas Electronics Corporation (Japan) and Texas Instruments (US), and others.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the NFC Chip.

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Market Segmentation

The global NFC chip market has been segmented into storage capacity and vertical. 

In terms of storage capacity, the market has included 64 Bytes, 168 Bytes, 180 Bytes, and 540 Bytes. Among these, the 64 bytes segment might contribute a significant share to the NFC chip market while 180 bytes is likely to expand at a high growth rate.

In terms of vertical segment, the NFC chip market has included media & entertainment, BFSI, hospitality, retail, healthcare, and others. The BFSI sector could lead in future in the NFC chip market during the forecast period in support of substantial contactless payment in the retail sector. The healthcare sector is also in the line of progression at a high CAGR during the forecast period.

Regional Analysis

The global market for NFC chip is estimated to grow at a significant rate during the forecast period from 2018 to 2027 among the regions of Europe, North America, Asia-Pacific, and the rest of the world, which includes the Middle East, Africa, and South America. 

Among the regions mentioned, North America might grasp a significant share of the NFC chip market during the assessment period, followed by Europe. High adoption of digital payments coupled with escalating ownership of Smartphones and internet reach is the key factor driving the NFC chip market in North America.

Asia-Pacific regional also might expand at the highest CAGR during the forecast period. This is due to government initiatives implemented in many countries promoting cashless transactions. Also, technological advancements such as a rapid increase in Smartphone adoption and contactless payments are further probable to influence the growth of the NFC chips market.

Summary

Globally, the rapid development of payment platforms and technologies has resulted in substantial growth of NFC, with similar demand patterns for its components. This technology is being integrated with smartphones to allow mobile payments, providing customers with easier access to digital wallets. The governments of several countries are encouraging digitization and digital payments in order to promote more transparent transactions.

Key Stakeholders 
NFC Chip Market Manufacturers 
NFC Chip Market Distributors/Traders/Wholesalers 
NFC Chip Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Complete Report Details@  https://www.marketresearchfuture.com/reports/nfc-chip-market-7723

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.3 Research Objectives

2.4 Markets Structure

…..

11 Company Profiles

11.1 Intel Corporation

11.1.1 Company Overview

11.1.2 Product/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.1.6 Key Strategy

11.2 Verifone Systems, Inc.

11.2.1 Company Overview

11.2.2 Product/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.2.6 Key Strategy

11.3 MStar Semiconductor, Inc.

11.3.1 Company Overview

11.3.2 Product/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.3.5 SWOT Analysis

11.3.6 Key Strategy

11.4 Broadcom Corporation

11.4.1 Company Overview

11.4.2 Product/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.4.5 SWOT Analysis

11.4.6 Key Strategy

And more

Continued…

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Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

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