GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028

ICT | Telecom and Internet

GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028

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

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NFC chip is one of the key NFC products available with various applications such as contactless mobile payments, information sharing, and information security. These chips allow devices to share data with other NFC-equipped devices and are swiftly gaining popularity due to increasing contactless payments through electronic gadgets.

According to Triton Market Research’s report, the Global Near Field Communication (NFC) Chips Market is anticipated to reach $7.47 billion by 2028, with a CAGR of 12.99% from $3.06 billion in 2021 during the forecast period 2022-2028.


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MARKET PERFORMANCE – DRIVERS, CHALLENGES, AND TRENDS

Factors such as the rising number of NFC-based digital transactions, high penetration of NFC-enabled smartphones, and significant adoption of NFC technology in consumer electronics are expected to foster the growth of the market over the forecast period. The availability of new NFC-enabled devices, such as smartphones, stereo headphones, and NFC-enable car keys, compatible with vehicle infotainment systems are gaining popularity among the consumers, especially the young and technically inclined customers. Further, the increasing applications of NFC, apart from payments and device-to-device sharing, such as patient health monitoring and management, transportation sector for boarding passes and security access by airlines, keyless entries for offices, and buildings, are primarily driving the studied market.

On the contrary, the threat of data theft and hacking is restricting the reviewed market’s growth globally. As NFC enables the contactless transfer of data, users are possibly exposed to possible security problems such as data corruption, manipulation, and hacking, among others.

In terms of market trends, the emergence of contactless NFC POS is gaining popularity, allowing customers to make transactions by waving or tapping their devices at NFC-ready POS terminals. An increase in the adoption rate of contactless payment modes by retailers like Starbucks and McDonald’s also contributes to the market’s growth.



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KEY GEOGRAPHIES COVERED:

•         North America: United States and Canada

•         Europe: United Kingdom, France, Germany, Spain, Italy, and Rest of Europe

•         Asia-Pacific: China, Japan, India, Australia, South Korea, ASEAN Countries, and Rest of Asia Pacific

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

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

 

SEGMENTATION ANALYSIS – NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET :

•         Type segment is sectioned into:

           o        Non- Auxiliary

           o        Auxiliary

•         Application segment is sectioned into:

           o        Television

           o        Smartphone

           o        Medical Equipment

           o        Other Applications

Medical equipment is likely to be the fastest-growing application during the forecast period. The growing necessity for digitizing health records and tracking the fitness of patients has increased the NFC chips’ demand in the market. For example, Jawbone UP4 tracks the heart rate and also enables users to make payments.

•         Verticals segment is sectioned into:

           o        Consumer Electronics

           o        Automotive

           o        Retail

           o        Banking & Finance

           o        Medical

           o        Other Verticals

Consumer electronics was the largest vertical in 2021. NFC technology is set to become a vital component of consumer electronics owing to its superior functionality. Presently, NFC is used for information sharing and storing secure card information or transferring business cards and contact information between mobile devices. Additionally, NFC can be used to transfer URLs and enable actions such as tweets, Facebook likes, and others. The key benefits of near field communication technology are speed, efficiency, and ease of access, which have made this technology an integral part of consumer electronic devices.

 

COMPETITIVE LANDSCAPE:

The near field communication (NFC) chips market by company profile helps dive into data about the key players in this industry. The strategic initiatives for each of the companies considered have been covered in detail.

Divestiture (January 2022): Verimatrix and Infineon Technologies

Infineon Technologies AG bought Verimatrix’s portfolio of NFC patents for around $2 million.

Acquisition (April 2021): Marvell Technology Inc and Inphi Corporation

Marvell Technology Inc acquired Inphi Corporation to strengthen its leadership in data infrastructure.

Product Launch (January 2021): EM Microelectronic

EM Microelectronic introduced em|linq. It is an NFC tag authentication IC for advanced brand protection and consumer engagement.

 

Key Benefits of the Report:

    Triton Market Research has a collective experience of 25-30 years in the industry, with its analysts and experts encompassing the most infallible research methodology for its market intelligence and industry analysis.

 

      Our research methodology helps in achieving a broader consensus of the market size, shape, and industry trends within each industry segment.

 

  The strategy adopted in designing the research methodology includes the amalgamation of the information assembled from primary and secondary sources, with the assistance of analytical tools to construct the forecast and predictive models.

 

     The scope of the market report comprises the current scenario of the global near field communication (NFC) chips market, along with a detailed overview of the industry outlook, market dynamics, segmentation analysis, regional outlook, and competitive landscape for the period 2022-2028.

 

FAQs:

Q 1) Does this report include the impact of COVID-19 on the near field communication (NFC) chips market?

The market study has analyzed the impact of COVID-19 on the near field communication (NFC) chips market qualitatively as well as quantitatively.

Q 2) Any promising vertical that can prove to be a key investment pocket in coming years?

Due to the COVID-19 pandemic, the medical/healthcare industry is incrementally adopting the NFC, which is expected to make it a key investment pocket in the coming years.

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Table of Content

1. GLOBAL 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. GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET OUTLOOK - BY 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 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 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. REST OF EUROPE

6.3. ASIA-PACIFIC

6.3.1. MARKET BY 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 & NEW ZEALAND

6.3.4.7. REST OF ASIA-PACIFIC

6.4. LATIN AMERICA

6.4.1. MARKET BY 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 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 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: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TYPE, 2022-2028 (IN $ MILLION)

TABLE 9: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 10: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2022-2028 (IN $ MILLION)

TABLE 11: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 12: NORTH AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 13: NORTH AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TYPE, 2022-2028 (IN $ MILLION)

TABLE 14: NORTH AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 15: NORTH AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2022-2028 (IN $ MILLION)

TABLE 16: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 17: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TYPE, 2022-2028 (IN $ MILLION)

TABLE 18: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 19: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2022-2028 (IN $ MILLION)

TABLE 20: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 21: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TYPE, 2022-2028 (IN $ MILLION)

TABLE 22: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 23: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2022-2028 (IN $ MILLION)

TABLE 24: LATIN AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 25: LATIN AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TYPE, 2022-2028 (IN $ MILLION)

TABLE 26: LATIN AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 27: LATIN AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2022-2028 (IN $ MILLION)

TABLE 28: MIDDLE EAST AND AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 29: MIDDLE EAST AND AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TYPE, 2022-2028 (IN $ MILLION)

TABLE 30: MIDDLE EAST AND AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 31: MIDDLE EAST AND AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: GLOBAL 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: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TYPE, 2021 & 2028 (IN %)

FIGURE 10: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY AUXILIARY, 2022-2028 (IN $ MILLION)

FIGURE 11: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY NON-AUXILIARY, 2022-2028 (IN $ MILLION)

FIGURE 12: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2021 & 2028 (IN %)

FIGURE 13: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TELEVISION, 2022-2028 (IN $ MILLION)

FIGURE 14: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY SMARTPHONE, 2022-2028 (IN $ MILLION)

FIGURE 15: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY MEDICAL EQUIPMENT, 2022-2028 (IN $ MILLION)

FIGURE 16: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)

FIGURE 17: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2021 & 2028 (IN %)

FIGURE 18: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY CONSUMER ELECTRONICS, 2022-2028 (IN $ MILLION)

FIGURE 19: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY RETAIL, 2022-2028 (IN $ MILLION)

FIGURE 20: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)

FIGURE 21: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY BANKING & FINANCE, 2022-2028 (IN $ MILLION)

FIGURE 22: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY MEDICAL, 2022-2028 (IN $ MILLION)

FIGURE 23: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY OTHER VERTICALS, 2022-2028(IN $ MILLION)

FIGURE 24: GLOBAL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)

FIGURE 25: UNITED STATES NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 26: CANADA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 27: UNITED KINGDOM NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 28: GERMANY NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 29: FRANCE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 30: ITALY NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 31: SPAIN NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 32: REST OF EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 33: CHINA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 34: JAPAN NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 35: INDIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 36: SOUTH KOREA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 37: ASEAN COUNTRIES NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 38: AUSTRALIA & NEW ZEALAND NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 39: REST OF ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 40: BRAZIL NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 41: MEXICO NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 42: REST OF LATIN AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 43: UNITED ARAB EMIRATES NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 44: SAUDI ARABIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 45: TURKEY NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 46: SOUTH AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 47: REST OF MIDDLE EAST & AFRICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2028 (IN $ MILLION)

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