GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2019-2027

ICT | Telecom and Internet

GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2019-2027

Market By Product Type, Applications, Verticals And Geography | Forecast 2019-2027

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After a thorough analysis, Triton Market Research has estimated that the global market near field communication chips is expected to display an upward trend while growing at a CAGR of 23.94% from 2019 to 2027. The market was assessed to be worth $2485.04 million in the year 2018 and is predicted to generate a revenue of approximately $17491.97 million by the year 2027.

Near field communication (NFC) chips enable phones and laptops to share data with other NFC-equipped devices. The technology has evolved from radio-frequency identification (RFID) technology. RFID is used in security scan cards which are placed at office entrances or tollbooths on the morning commute. Contactless payment systems also make use of NFC devices, in the same way as credit cards & e-ticket smartcards and enable mobile payments in replacing or supplementing these systems, which are also referred as NFC/CTLS (contactless) or CTLS NFC devices. 

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NFC chips are also used for the purpose of social networking, sharing photos, videos, contacts and/or files. NFC-enabled devices can act as an electronic identity document and keycard. They provide a low-speed connection with a simple setup, which can also be used to initiate and run wireless connections that are more capable.

NFC is to a great extent like RFID, but NFC has a limitation of communication within about four inches, that is the reason why one has to hold one’s phone very close to the contactless reader when using services like Apple Pay or Samsung Pay. Most people consider NFCs’ small radii as a major security benefit, and it’s one of the reasons why NFC is taking off as a more secure alternative to credit cards. The technology can thus be used for more than just making purchases. NFC can be used to transfer data such as videos, contact information and photos between two NFC-enabled devices.

In this report, the market definition and key insights regarding the industry have been discussed for the global near field communication chips market. Also, the evolution and transition of the NFCs, vendor scorecard, the market attractiveness matrix, Porter’s five force analysis, industry components, regulatory framework, key impact analysis, market opportunity insights, industrial player positioning and the key market strategies have been studied for the near field communication chips market. 

The increasing number of near field communication (NFC) based digital transactions, high penetration of NFC-based smartphones, significant adoption of NFC technology in consumer electronics and government across the globe encouraging cashless transactions are the drivers evolving the growth of the market globally. The market is facing restraints like higher costs of NFC chips, security concerns related to data and difficulties in product designing.

The growing number of start-ups in the field of NFC, integration of NFCs with medical equipment and increase in the research & development in the field of NFC are the factors expected to create growth opportunities for the market over the coming years. However, challenges such as lack of awareness, easy availability of substitutes and interoperability issues are responsible for affecting the market growth negatively.

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Top geographies covered in the near field communication chips market include:

•    North America: the United States and Canada

•    Europe: the United Kingdom, Germany, France, Italy, Spain, Russia and rest of Europe

•    Asia-Pacific: China, Japan, India, South Korea, ASEAN countries, Australia & New Zealand and rest of Asia-Pacific

•    Latin America: Brazil, Mexico and rest of Latin America

•    The Middle East and Africa: the United Arab Emirates, Turkey, Saudi Arabia, South Africa and rest of the Middle East & Africa

The near field communication chips market has been segmented into:

•    By Product Type:

O    Auxiliary

O    Non-auxiliary

•    By Application:

O    Television

O    Medical Equipment

O    Smartphone

O    Other Applications

•    By Verticals: 

O    Consumer Electronics

O    Automotive

O    Retail

O    Banking & Finance

O    Medical

O    Other Verticals

The top companies that have been studied in the near field communication chips market are Murata Manufacturing Co. Ltd, EM Microelectronic-Marin S.A., Marvell Technology Group Ltd, STMicroelectronics N.V., MediaTek Inc, Toshiba Corporation, Inside Secure S.A., Samsung Semiconductor Inc, NXP Semiconductors N.V., Broadcom Corporation, Texas Instruments Inc, Qualcomm Inc, Renesas Electronics Corporation, Sony Corporation, MStar Semiconductor Inc.

The strategic analysis for each of these companies has been covered in detail, along with the market share and information about the key players with their hold on the near field communication chips market.


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Table of Content

1.    GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.3. EVOLUTION & TRANSITION OF NEAR FIELD COMMUNICATION (NFC) CHIPS

2.4. PORTER’S FIVE FORCE ANALYSIS

2.5. MARKET ATTRACTIVENESS MATRIX

2.6. INDUSTRY COMPONENTS

2.7. REGULATORY FRAMEWORK

2.8. VENDOR SCORECARD

2.9. KEY IMPACT ANALYSIS

2.10. MARKET OPPORTUNITY INSIGHTS

2.11. INDUSTRY PLAYER POSITIONING

2.12. KEY MARKET STRATEGIES

2.13. MARKET DRIVERS

2.13.1.                INCREASING NUMBER OF NFC-BASED DIGITAL TRANSACTIONS

2.13.2.                HIGH PENETRATION OF NFC-ENABLED SMARTPHONES

2.13.3.                SIGNIFICANT ADOPTION OF NFC TECHNOLOGY IN CONSUMER ELECTRONICS

2.13.4.                GOVERNMENTS ACROSS THE GLOBE ENCOURAGING CASHLESS TRANSACTIONS

2.14. MARKET RESTRAINTS

2.14.1.                HIGHER COSTS OF NFC CHIPS

2.14.2.                SECURITY CONCERNS RELATED TO DATA

2.14.3.                DIFFICULTIES IN PRODUCT DESIGNING

2.15. MARKET OPPORTUNITIES

2.15.1.                GROWING NUMBER OF STARTUPS IN THE FIELD OF NFC

2.15.2.                INTEGRATION OF NFC WITH MEDICAL EQUIPMENT

2.15.3.                HIGH RESEARCH & DEVELOPMENT EXPENDITURE IN THE FIELD OF NFC

2.16. MARKET CHALLENGES

2.16.1.                LACK OF AWARENESS

2.16.2.                EASY AVAILABILITY OF SUBSTITUTES

2.16.3.                INTEROPERABILITY ISSUES

3.    GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET OUTLOOK - BY PRODUCT TYPE

3.1. AUXILIARY

3.2. NON-AUXILIARY

4.    GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET OUTLOOK - BY APPLICATION

4.1. TELEVISION

4.2. MEDICAL EQUIPMENT

4.3. SMARTPHONE

4.4. OTHER APPLICATIONS

5.    GLOBAL 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.    GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET - REGIONAL OUTLOOK

6.1. NORTH AMERICA

6.1.1.   MARKET BY PRODUCT TYPE

6.1.2.   MARKET BY APPLICATION

6.1.3.   MARKET BY VERTICALS

6.1.4.   COUNTRY ANALYSIS

6.1.4.1.      UNITED STATES

6.1.4.2.      CANADA

6.2. EUROPE

6.2.1.   MARKET BY PRODUCT TYPE

6.2.2.   MARKET BY APPLICATION

6.2.3.   MARKET BY VERTICALS

6.2.4.   COUNTRY ANALYSIS

6.2.4.1.      UNITED KINGDOM

6.2.4.2.      GERMANY

6.2.4.3.      FRANCE

6.2.4.4.      ITALY

6.2.4.5.      SPAIN

6.2.4.6.      RUSSIA

6.2.4.7.      REST OF EUROPE

6.3. ASIA-PACIFIC

6.3.1.   MARKET BY PRODUCT TYPE

6.3.2.   MARKET BY APPLICATION

6.3.3.   MARKET BY VERTICALS

6.3.4.   COUNTRY ANALYSIS

6.3.4.1.      CHINA

6.3.4.2.      JAPAN

6.3.4.3.      INDIA

6.3.4.4.      SOUTH KOREA

6.3.4.5.      ASEAN COUNTRIES

6.3.4.6.      AUSTRALIA AND NEW ZEALAND

6.3.4.7.      REST OF ASIA-PACIFIC

6.4. LATIN AMERICA

6.4.1.   MARKET BY PRODUCT TYPE

6.4.2.   MARKET BY APPLICATION

6.4.3.   MARKET BY VERTICALS

6.4.4.   COUNTRY ANALYSIS

6.4.4.1.      BRAZIL

6.4.4.2.      MEXICO

6.4.4.3.      REST OF LATIN AMERICA

6.5. MIDDLE EAST AND AFRICA

6.5.1.   MARKET BY PRODUCT TYPE

6.5.2.   MARKET BY APPLICATION

6.5.3.   MARKET BY VERTICALS

6.5.4.   COUNTRY ANALYSIS

6.5.4.1.      UNITED ARAB EMIRATES

6.5.4.2.      TURKEY

6.5.4.3.      SAUDI ARABIA

6.5.4.4.      SOUTH AFRICA

6.5.4.5.      REST OF MIDDLE EAST & AFRICA

7.    COMPETITIVE LANDSCAPE

7.1. BROADCOM CORPORATION

7.2. EM MICROELECTRONIC-MARIN S.A.

7.3. INSIDE SECURE S.A.

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 N.V.

7.9. QUALCOMM, INC.

7.10. RENESAS ELECTRONICS CORPORATION

7.11. SAMSUNG SEMICONDUCTOR, INC.

7.12. SONY CORPORATION

7.13. STMICROELECTRONICS N.V.

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 table

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 & SMARTPHONE MANUFACTURERS

TABLE 6: STARTUPS IN NFC TECHNOLOGY

TABLE 7: NFC-BASED TRANSACTION SERVICES BY COMPANIES

TABLE 8: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY PRODUCT TYPE, 2019-2027 (IN $ MILLION)

TABLE 9: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 10: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

TABLE 11: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, REGIONAL OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 12: NORTH AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 13: NORTH AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY PRODUCT TYPE, 2019-2027 (IN $ MILLION)

TABLE 14: NORTH AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 15: NORTH AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

TABLE 16: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 17: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY PRODUCT TYPE, 2019-2027 (IN $ MILLION)

TABLE 18: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 19: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

TABLE 20: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 21: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY PRODUCT TYPE, 2019-2027 (IN $ MILLION)

TABLE 22: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 23: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

TABLE 24: LATIN AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 25: LATIN AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY PRODUCT TYPE, 2019-2027 (IN $ MILLION)

TABLE 26: LATIN AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 27: LATIN AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

TABLE 28: MIDDLE EAST AND AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 29: MIDDLE EAST AND AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY PRODUCT TYPE, 2019-2027 (IN $ MILLION)

TABLE 30: MIDDLE EAST AND AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 31: MIDDLE EAST AND AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2019-2027 (IN $ MILLION)

List of Figures

FIGURE 1: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: KEY IMPACT ANALYSIS

FIGURE 4: TIMELINE OF NEAR FIELD COMMUNICATION (NFC) CHIPS

FIGURE 5: MARKET OPPORTUNITY INSIGHTS, BY REGION, 2018

FIGURE 6: MARKET OPPORTUNITY INSIGHTS, BY PRODUCT TYPE, 2018

FIGURE 7: MARKET OPPORTUNITY INSIGHTS, BY APPLICATION, 2018

FIGURE 8: INDUSTRY COMPONENTS OF NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET

FIGURE 9: KEY PLAYER POSITIONING IN 2018 (%)

FIGURE 10: NUMBER OF CASHLESS TRANSACTION IN KEY COUNTRIES, 2016

FIGURE 11: ESTIMATES OF NFC-ENABLED HANDSET 2014-2020

FIGURE 12: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY AUXILIARY, 2019-2027 (IN $ MILLION)

FIGURE 13: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY NON-AUXILIARY, 2019-2027 (IN $ MILLION)

FIGURE 14: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TELEVISION, 2019-2027 (IN $ MILLION)

FIGURE 15: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY SMARTPHONE, 2019-2027 (IN $ MILLION)

FIGURE 16: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY MEDICAL EQUIPMENT, 2019-2027 (IN $ MILLION)

FIGURE 17: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY OTHER APPLICATIONS, 2019-2027 (IN $ MILLION)

FIGURE 18: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY CONSUMER ELECTRONICS, 2019-2027 (IN $ MILLION)

FIGURE 19: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY RETAIL, 2019-2027 (IN $ MILLION)

FIGURE 20: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY AUTOMOTIVE, 2019-2027 (IN $ MILLION)

FIGURE 21: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY BANKING & FINANCE, 2019-2027 (IN $ MILLION)

FIGURE 22: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY MEDICAL, 2019-2027 (IN $ MILLION)

FIGURE 23: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY OTHER VERTICALS, 2019-2027 (IN $ MILLION)

FIGURE 24: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 25: UNITED STATES NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26: CANADA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: UNITED KINGDOM NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28: GERMANY NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29: FRANCE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: ITALY NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: SPAIN NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32: RUSSIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: REST OF EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34: CHINA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35: JAPAN NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 36: INDIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 37: SOUTH KOREA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 38: ASEAN COUNTRIES NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 39: AUSTRALIA & NEW ZEALAND NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 40: REST OF ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 41: BRAZIL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 42: MEXICO NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 43: REST OF LATIN AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 44: UNITED ARAB EMIRATES NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 45: SAUDI ARABIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 46: TURKEY NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 47: SOUTH AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 48: REST OF MIDDLE EAST & AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2019-2027 (IN $ MILLION)

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