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

ICT | Telecom and Internet

NORTH AMERICA 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 North America is expected to showcase a CAGR of 13.18% during the estimated phase 2022-2028.


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The countries studied in the region consist of:

•         The United States

•         Canada

The United States holds the major share in the near field communication chips market. North America is among the leading nations in the NFC chips market, with NFC-enabled smartphones gaining major traction. NFC technology is anticipated to become a standard feature in smartphones in the upcoming regions, owing to the product developments by smartphone manufacturers. Furthermore, the rising use of NFC technology across banking, transportation, and retail for payments and information transfer has increased. Thus, all these factors are propelling the region’s NFC chips market on a progressive path.

Additionally, the rising data security concerns have compelled mobile manufacturers to integrate near field communication technology in smartphones. The region has witnessed a significant development in NFC technology, with several organizations expanding their operations using NFC chips. For instance, American Banknote Corporation introduced a major NFC-enabled mobile payment trial. Such innovation and initiatives are expected to create a profitable market for NFC chips over the forecast period.

In the United States, NFC-based transactions have soared over the past few years. This growth is on account of rising government support toward digital transactions and chip-base cards. In this regard, debit and credit card information can be stored on the mobile through various NFC-based applications, such as Amazon Pay, Google Wallet, and others. Therefore, the growing adoption of NFC technology supports the near field communication chips market’s development.

Near field communication chips are widely incorporated in medical devices and equipment, as they help transfer data between devices. These chips offer secure communication, transferring power wirelessly. Further, the development of near-field communication-based battery-less medical thermometers helps attain and record a patient’s temperature quickly and efficiently. NFC tags are also used as electronic health recovery to assess patients’ medical history and prescriptions. The NFC chips market is segmented into applications, verticals, and products. The application section further includes medical equipment, smartphone, television, and other applications.

The topmost companies in the market include Texas Instruments, Qualcomm Inc, Murata Manufacturing Co Ltd, Samsung Semiconductor Inc, NXP Semiconductors NV, and Renesas Electronics Corporation.

Texas Instruments Inc is a producer of semiconductors. Its product line includes analog integrated circuits and embedded processors. The company also offers amplifiers, data converters, sensors, NFC solutions, and others. It serves numerous clients, including OEMs, contract manufacturers, and distributors, via direct sales and third-party representatives. Texas Instruments has operations across various regions, with headquarters in Dallas, Texas, the US.


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 North 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 NA near field communication (NFC) chips market’s growth during the upcoming years

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Table of Content

1. NORTH 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. NORTH AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET OUTLOOK - BY TYPE

3.1. AUXILIARY

3.2. NON-AUXILIARY

4. NORTH 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. NORTH 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. NORTH AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET - REGIONAL OUTLOOK

6.1. UNITED STATES

6.2. CANADA

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

TABLE 9: NORTH AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TYPE, 2022-2028 (IN $ MILLION)

TABLE 10: NORTH AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 11: NORTH AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2022-2028 (IN $ MILLION)

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

List of Figures

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 24: NORTH AMERICA 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)

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