LATIN AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028

ICT | Telecom and Internet

LATIN AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028

Market by Type, Application, Verticals, and Country Outlook | Forecast 2022-2028

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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.


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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

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Table of Content

1. 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

List of Tables

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)

List of Figures

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)

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