Market by Type, Application, Verticals, and Country Outlook | Forecast 2022-2028
Triton’s estimates suggest
that the near field communication (NFC) chips market in Latin America is
expected to progress at a CAGR of 11.21%
during the forecast period 2022-2028.
Report scope can be customized per your requirements. Request For Customization
The
countries analyzed in the region are:
•
Brazil
•
Mexico
•
Rest of Latin America
Brazil
acquires the major share in the Latin America near field communication chips
market. The region’s
market growth is on account of the rising adoption of NFC technology and
initiatives by private organizations. Several companies are promoting
contactless payments, amplifying the demand for the near field communication
chips market. For instance, Oberthur Technologies partnered with Swatch to
enable contactless payment for consumers. NXP Semiconductors is another company
that launched a chipset that supports an NFC reader integrated circuit.
Therefore, the growing adoption of NFC technology drives the near field
communication chips market across the region.
The Brazilian government strives to link the new
technologies to less populated regions. Over the years, smartphone adoption
gained momentum across the nation following the launch of 3G services. Several
LTE tests were undertaken across major cities and tourist locations. The launch
of LTE-compatible devices supported market development to a large extent.
Furthermore, the 4G license terms mandated operators to have commercial
networks across state capitals. In recent years, the revenue of the NFC chips
market has surged substantially and is expected to witness tremendous growth
over the forecast period.
In Mexico, the telecommunications industry is
primarily dominated by Telmex and América Móvil. Telmex has differentiated its
operations by incorporating internet service and expanding to other countries
in the region. Mobile telephony has the advantage of reaching all areas at a
low cost. These factors are thus expected to create numerous opportunities for
the near field communication chips market in the upcoming years.
The rising preference for television sets has
increased the demand for advanced wireless communication technologies like near
field communication. This makes television a major application segment in the
market. Apple Company is one such company offering TVs that support Bluetooth
and NFC technology. The NFC chips market
is categorized into application, product, and verticals. The application
segment is further sectioned into television, smartphone, medical equipment,
and other applications.
The
prominent firms in the NFC chips market are Sony Corporation, Samsung
Semiconductor Inc, Toshiba Corporation, Qualcomm Inc, Renesas Electronics
Corporation, and Texas Instruments Inc.
Sony Corporation is a developer, manufacturer,
and marketer of audio, video, imaging, and IT products. It provides products to
the electronics, entertainment, and financial services industries. Sony offers
a wide range of products, such as mobile phones, accessories, home devices, and
tablets, among others. The company’s product line also includes semiconductors,
components, TVs, video cameras, and others. Sony has operations across multiple
regions, including Latin America.
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 Latin America 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 LA 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. LATIN
AMERICA 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. LATIN
AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET OUTLOOK - BY TYPE
3.1. AUXILIARY
3.2. NON-AUXILIARY
4. LATIN
AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET OUTLOOK - BY APPLICATION
4.1. TELEVISION
4.2. MEDICAL
EQUIPMENT
4.3. SMARTPHONE
4.4. OTHER
APPLICATIONS
5. LATIN
AMERICA 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. LATIN
AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET - REGIONAL OUTLOOK
6.1. BRAZIL
6.2. MEXICO
6.3. REST
OF LATIN AMERICA
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: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $
MILLION)
TABLE 9: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 10: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2022-2028 (IN $
MILLION)
TABLE 11: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2022-2028 (IN $ MILLION)
TABLE 12: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $
MILLION)
FIGURE 1: LATIN AMERICA 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: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TYPE, 2021 & 2028 (IN %)
FIGURE 10: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY AUXILIARY, 2022-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY NON-AUXILIARY, 2022-2028 (IN $
MILLION)
FIGURE 12: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2021 & 2028 (IN %)
FIGURE 13: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TELEVISION, 2022-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY SMARTPHONE, 2022-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY MEDICAL EQUIPMENT, 2022-2028 (IN $
MILLION)
FIGURE 16: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $
MILLION)
FIGURE 17: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2021 & 2028 (IN %)
FIGURE 18: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY CONSUMER ELECTRONICS, 2022-2028 (IN
$ MILLION)
FIGURE 19: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY RETAIL, 2022-2028 (IN $ MILLION)
FIGURE 20: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)
FIGURE 21: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY BANKING & FINANCE, 2022-2028 (IN
$ MILLION)
FIGURE 22: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY MEDICAL, 2022-2028 (IN $ MILLION)
FIGURE 23: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, BY OTHER VERTICALS, 2022-2028(IN $
MILLION)
FIGURE 24: LATIN AMERICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN
%)
FIGURE 25: BRAZIL NEAR FIELD COMMUNICATION
(NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: MEXICO NEAR FIELD COMMUNICATION
(NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: REST OF LATIN
AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)