Market by Type, Application, Verticals, and Country Outlook | Forecast 2022-2028
As per Triton’s report, the
near field communication (NFC) chips market in the Middle East and Africa is
estimated to propel with a CAGR of
11.71% over the forecasting years from 2022
to 2028.
Report scope can be customized per your requirements. Request For Customization
The
countries explored in this region include:
•
United Arab Emirates
•
Saudi Arabia
•
Turkey
•
South Africa
•
Rest of Middle East & Africa
Saudi
Arabia captures the largest share in the near field communication chips market.
The Middle East
and Africa NFC chips market is primarily supported by initiatives and innovation
by financial companies. For instance, the Gulf Bank of Kuwait launched POS
terminals comprising the latest technology that accepts NFC-enabled payments.
Such terminals are launched in association with MasterCard and Knet, available
across the region. Furthermore, the UAE bank introduced cashless payment by
incorporating near field communication technology, enabling consumers to use
mobile phones for payments. Therefore, the growing trend of cashless and
contactless payments has created a profitable market for NFC chips across the
region.
Saudi Telecom Company was the first to introduce
mobile and fixed telephone service. Following this, the communication
commission allowed other companies to compete with STC. Presently, the growing
penetration of smartphones has boosted internet connections across the country.
With the growing number of smartphone users, the NFC chips adoption rate is
expected to gain momentum in the near future. Additionally, the nation has an
approximately 72% population using smart devices. Hence, the growing use of
smartphones is expected to increase contactless payment processes, contributing
heavily to the near field communication chips market.
The telecommunication liberalization in Turkey
increased the dominance of private companies to a large extent. However, the
telecommunication authority is still largely controlled by the Ministry of
Transport and Communication. While the liberalization is in progress, the
incumbent has managed to restrict access and protect its monopoly in many
areas. Furthermore, the growing mobile adoption has increased near field
communication technology integration. The growing smartphone culture is
anticipated to create numerous opportunities for the near field communication
chips market.
Near field communication-enabled chips are
widely deployed in non-auxiliary products like NFC tags, readers, controllers,
and antennas. NFC tags include wristbands, microchips, and stickers that store
data that can be transferred to other devices, such as smartphones. The NFC
chips market’s revenue growth is studied based on product, verticals, and
application. The product section is branched into non-auxiliary and auxiliary.
The top companies in the studied market comprise
Toshiba Corporation, Renesas Electronics Corporation, Sony Corporation, Texas
Instruments Inc, STMicroelectronics NV, and Samsung Semiconductor Inc.
Toshiba Corporation is a diversified
manufacturer of electronic and electrical products. Its wide product line
includes energy-related equipment, transportation systems, semiconductors, and
visual products, among others. Toshiba also markets CD TVs and Blu-ray discs
under its Regza brand. The company has operations globally, including in the
Middle East and Africa.
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 the Middle East and Africa
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 Middle
East and Africa 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. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET OUTLOOK - BY TYPE
3.1. AUXILIARY
3.2. NON-AUXILIARY
4. MIDDLE
EAST AND AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET OUTLOOK - BY
APPLICATION
4.1. TELEVISION
4.2. MEDICAL
EQUIPMENT
4.3. SMARTPHONE
4.4. OTHER
APPLICATIONS
5. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET - REGIONAL OUTLOOK
6.1. UNITED
ARAB EMIRATES
6.2. TURKEY
6.3. SAUDI
ARABIA
6.4. SOUTH
AFRICA
6.5. REST
OF MIDDLE EAST & AFRICA
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: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2022-2028
(IN $ MILLION)
TABLE 9: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TYPE, 2022-2028 (IN $
MILLION)
TABLE 10: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2022-2028
(IN $ MILLION)
TABLE 11: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2022-2028 (IN
$ MILLION)
TABLE 12: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2022-2028
(IN $ MILLION)
FIGURE 1: MIDDLE EAST AND
AFRICA 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: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TYPE, 2021 & 2028
(IN %)
FIGURE 10: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY AUXILIARY, 2022-2028 (IN
$ MILLION)
FIGURE 11: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY NON-AUXILIARY, 2022-2028
(IN $ MILLION)
FIGURE 12: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2021 &
2028 (IN %)
FIGURE 13: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TELEVISION, 2022-2028
(IN $ MILLION)
FIGURE 14: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY SMARTPHONE, 2022-2028
(IN $ MILLION)
FIGURE 15: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY MEDICAL EQUIPMENT,
2022-2028 (IN $ MILLION)
FIGURE 16: MIDDLE EAST AND AFRICA
NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY OTHER APPLICATIONS, 2022-2028
(IN $ MILLION)
FIGURE 17: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2021 &
2028 (IN %)
FIGURE 18: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY CONSUMER ELECTRONICS,
2022-2028 (IN $ MILLION)
FIGURE 19: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY RETAIL, 2022-2028 (IN $
MILLION)
FIGURE 20: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY AUTOMOTIVE, 2022-2028
(IN $ MILLION)
FIGURE 21: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY BANKING & FINANCE,
2022-2028 (IN $ MILLION)
FIGURE 22: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY MEDICAL, 2022-2028 (IN $
MILLION)
FIGURE 23: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY OTHER VERTICALS,
2022-2028(IN $ MILLION)
FIGURE 24: MIDDLE EAST AND
AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, REGIONAL OUTLOOK, 2021
& 2028 (IN %)
FIGURE 25: UNITED ARAB
EMIRATES NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: SAUDI ARABIA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: TURKEY NEAR FIELD COMMUNICATION
(NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: SOUTH AFRICA NEAR
FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)
FIGURE 29: REST OF MIDDLE EAST
& AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)