Market by Type, Application, Verticals, and Country Outlook | Forecast 2022-2028
Based on Triton Market
Research’s report, the near field communication (NFC) chips market in Europe is estimated
to register a CAGR of 12.49% during
the forecasting period 2022-2028.
Report scope can be customized per your requirements. Request For Customization
The
countries inspected in the region consist of:
•
United Kingdom
•
Germany
•
France
•
Spain
•
Italy
•
Rest of Europe
France
registers the largest market share in Europe. The pace of services for SIM-based NFC
smartphones is rapidly increasing, supported by growing smartphone penetration.
Germany and the UK are expected to host the most lucrative market.
Additionally, each country has set up a contactless payment limit. Several
companies like Fujitsu are introducing smart NFC-enabled ATMs across major countries.
These ATMs provide end-to-end services and support to secure user
authentication. Besides this, the introduction of NFC-based wallets enables
users to tap and pay for goods across various retail outlets. Thus, all these
factors widen the scope and growth of the near field communication chips
market.
The studied market’s growth in Germany is
primarily driven by the high adoption of NFC technology by retailers. Moreover,
the demand for contactless payments has taken precedence in recent years,
encouraging banking institutes to support digital payments. As per VeriFone, a
significant percentage of retailers are open to integrating near field
communication technology, creating a profitable market for NFC chips.
Furthermore, banks like Deutsche have announced providing mobile payments
through mobile applications equipped with NFC technology. This has enabled
customers to make cashless payments across all acceptance points. Therefore, as
mentioned above, these factors widen the scope and growth of the near field
communication chips market.
The UK NFC chips market is primarily supported
by the high penetration of contactless payment devices and governmental
programs to encourage cashless transactions. The high adoption of NFC-enabled
smartphones and wearables also supports the NFC chips adoption across the
country, fueling the near field communication chips market’s growth.
Several consumer electronics such as washing
machines, televisions, projectors, printers, and fridges employ NFC for easy
contactless operations. In this regard, the connection between electronic
devices and accessories can be identified without user interaction. Moreover,
IoT commission nodes into wireless networks become easier with NFC. The market’s growth is assessed in terms of verticals, product, and application. The verticals segment is divided into
consumer electronics, automotive, retail, banking & finance, medical, and
other verticals.
Major
companies in the market consist of MediaTek Inc, MStar Semiconductor Inc, EM
Microelectronic Marin SA, NXP Semiconductors NV, and Inside Secure SA.
NXP Semiconductor NV is a global semiconductor
company involved in offering mixed-signal and standard product solutions for
automotive, wireless infrastructure, and computing applications. It also provides
products for identification, lighting, mobile, and industrial purposes. The
company’s product line includes an NFC tag that is compatible with any
NFC-enabled phone. NXP Semiconductor has operations across multiple regions,
with headquarters located in the Netherlands.
Key deliverables of the report:
●
Market CAGR during the forecasting years 2022-2028
●
Detailed data highlighting key insights, industry components, and
market strategies
● Comprehensive information and estimation of the near field
communication (NFC) chips market revenue growth in Europe and its influence on
the parent market
●
In-depth study of forthcoming trends in consumer behavioral
patterns
●
A meticulous analysis of the competitive landscape, vendor
scorecard, and Porter’s Five Forces
● A wide-ranging study of factors that will challenge the EU near
field communication (NFC) chips market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
Market by Security Testing Typ ..
VIEW REPORT1. EUROPE
NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET
2.2. KEY
INSIGHTS
2.2.1. EMERGENCE
OF CONTACTLESS NFC POS
2.2.2. EMERGING
NFC APPLICATIONS: SMART POSTERS AND M-WALLET
2.2.3. FUNDINGS
FOR COMPANIES/START-UPS
2.3. TIMELINE
OF NEAR FIELD COMMUNICATION (NFC) CHIPS
2.4. PORTER’S
FIVE FORCES ANALYSIS
2.5. MARKET
ATTRACTIVENESS MATRIX
2.6. INDUSTRY
COMPONENTS
2.6.1. RAW
MATERIALS SUPPLIERS
2.6.2. MANUFACTURERS
2.6.3. DISTRIBUTORS
2.6.4. END-USERS
2.7. REGULATORY
FRAMEWORK
2.8. VENDOR
SCORECARD
2.9. KEY
IMPACT ANALYSIS
2.9.1. APPLICATION
2.9.2. PRICE
2.9.3. COMMUNICATION
SPEED
2.9.4. STORAGE
2.10. MARKET
ATTRACTIVENESS INDEX
2.11. KEY
MARKET STRATEGIES
2.11.1. ACQUISITIONS
2.11.2. PRODUCT
LAUNCHES
2.11.3. INVESTMENTS
& EXPANSIONS
2.11.4. CONTRACTS
& AGREEMENTS
2.12. MARKET
DRIVERS
2.12.1. NUMBER
OF NFC-BASED DIGITAL TRANSACTIONS
2.12.2. HIGH
PENETRATION OF NFC-ENABLED SMARTPHONES
2.12.3. SIGNIFICANT
ADOPTION OF NFC TECHNOLOGY IN CONSUMER ELECTRONICS
2.13. MARKET
CHALLENGES
2.13.1. EASY
AVAILABILITY OF SUBSTITUTES
2.13.2. INTEROPERABILITY
ISSUES
2.13.3. HIGHER
COSTS OF NFC CHIPS
2.13.4. SECURITY
CONCERNS RELATED TO DATA
2.14. MARKET
OPPORTUNITIES
2.14.1. GOVERNMENTS
ENCOURAGING CASHLESS TRANSACTIONS
2.14.2. INCREASING APPLICATIONS OF NFC IN MEDICAL
EQUIPMENT
3. EUROPE
NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET OUTLOOK - BY TYPE
3.1. AUXILIARY
3.2. NON-AUXILIARY
4. EUROPE
NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET OUTLOOK - BY APPLICATION
4.1. TELEVISION
4.2. MEDICAL
EQUIPMENT
4.3. SMARTPHONE
4.4. OTHER APPLICATIONS
5. EUROPE
NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET OUTLOOK - BY VERTICALS
5.1. CONSUMER
ELECTRONICS
5.2. AUTOMOTIVE
5.3. RETAIL
5.4. BANKING
& FINANCE
5.5. MEDICAL
5.6. OTHER
VERTICALS
6. EUROPE
NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET - COUNTRY OUTLOOK
6.1. UNITED
KINGDOM
6.2. GERMANY
6.3. FRANCE
6.4. ITALY
6.5. SPAIN
6.6. REST
OF EUROPE
7. COMPETITIVE
LANDSCAPE
7.1. BROADCOM
CORPORATION
7.2. EM MICROELECTRONIC MARIN SA
7.3. INSIDE SECURE SA
7.4. MARVELL TECHNOLOGY GROUP LTD
7.5. MEDIATEK INC
7.6. MSTAR SEMICONDUCTOR INC
7.7. MURATA MANUFACTURING
CO LTD
7.8. NXP
SEMICONDUCTORS NV
7.9. QUALCOMM INC
7.10. RENESAS ELECTRONICS CORPORATION
7.11. SAMSUNG SEMICONDUCTOR INC
7.12. SONY
CORPORATION
7.13. STMICROELECTRONICS NV
7.14. TEXAS
INSTRUMENTS INC
7.15. TOSHIBA CORPORATION
8. METHODOLOGY
& SCOPE
8.1. RESEARCH
SCOPE
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: MARKET ATTRACTIVENESS
MATRIX
TABLE 2: VENDOR SCORECARD
TABLE 3: REGULATORY FRAMEWORK
TABLE 4: KEY STRATEGIC
DEVELOPMENTS
TABLE 5: LIST OF NFC-ENABLED
SMARTPHONE MODELS AND SMARTPHONE MANUFACTURERS
TABLE 6: STARTUPS IN NFC
TECHNOLOGY
TABLE 7: NFC BASED TRANSACTION
SERVICES BY COMPANIES
TABLE 8: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 9: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 10: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 11: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2022-2028 (IN $ MILLION)
TABLE 12: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE 1: EUROPE NEAR FIELD COMMUNICATION
(NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)
FIGURE 2: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 3: KEY IMPACT ANALYSIS
FIGURE 4: TIMELINE OF NEAR
FIELD COMMUNICATION (NFC) CHIPS
FIGURE 5: MARKET
ATTRACTIVENESS INDEX
FIGURE 6: INDUSTRY COMPONENTS
OF NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET
FIGURE 7: NUMBER OF CASHLESS
TRANSACTIONS IN KEY COUNTRIES
FIGURE 8: ESTIMATES OF NFC-ENABLED
HANDSET
FIGURE 9: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY TYPE, 2021 & 2028 (IN %)
FIGURE 10: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY AUXILIARY, 2022-2028 (IN $ MILLION)
FIGURE 11: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY NON-AUXILIARY, 2022-2028 (IN $ MILLION)
FIGURE 12: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2021 & 2028 (IN %)
FIGURE 13: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY TELEVISION, 2022-2028 (IN $ MILLION)
FIGURE 14: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY SMARTPHONE, 2022-2028 (IN $ MILLION)
FIGURE 15: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY MEDICAL EQUIPMENT, 2022-2028 (IN $
MILLION)
FIGURE 16: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $
MILLION)
FIGURE 17: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2021 & 2028 (IN %)
FIGURE 18: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY CONSUMER ELECTRONICS, 2022-2028 (IN $
MILLION)
FIGURE 19: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY RETAIL, 2022-2028 (IN $ MILLION)
FIGURE 20: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)
FIGURE 21: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY BANKING & FINANCE, 2022-2028 (IN $
MILLION)
FIGURE 22: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY MEDICAL, 2022-2028 (IN $ MILLION)
FIGURE 23: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, BY OTHER VERTICALS, 2022-2028(IN $ MILLION)
FIGURE 24: EUROPE NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE 25: UNITED KINGDOM NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: GERMANY NEAR FIELD
COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: FRANCE NEAR FIELD COMMUNICATION
(NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: ITALY NEAR FIELD COMMUNICATION
(NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)
FIGURE 29: SPAIN NEAR FIELD COMMUNICATION
(NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)
FIGURE 30: REST OF EUROPE NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)