MIDDLE EAST AND AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028

ICT | Telecom and Internet

MIDDLE EAST AND AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028

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

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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.


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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

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Table of Content

1.     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

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: 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)

List of Figures

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)

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