Market Overview:
The global NFC chips market is expected to grow at a CAGR of over 20% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for NFC-enabled consumer electronics and automotive applications. Additionally, the growing demand for contactless payments and ticketing is also contributing to the growth of this market. The global NFC chips market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into 64 bytes, 168 bytes, and others. The 168 bytes segment is expected to account for a major share of this market during the forecast period owing to its high capacity as compared to other types of NFC chips. On the basis of application, consumer electronics accounted for a major share in 2017 and is projected to continue its dominance duringthe forecast period owingto rising demand from end-usersfor convenienceand easeof use .
 Industry Outlook.svg)
Product Definition:
Near Field Communication Chips (NFC) are a type of chip that allows devices to communicate with each other wirelessly when they are close together. NFC is used for a variety of purposes, including making payments, sharing files, and unlocking doors. NFC chips are important because they allow devices to communicate with each other without the need for wires or Bluetooth signals. This makes them very useful for applications such as contactless payments, which require quick and easy communication between devices.
64 Bytes:
64 Bytes is a data unit that consists of 65,536 bits. It can be compared to the size of a single character in a text document. The term was originated from computer industry and is used to described the capacity of computer storage devices such as flash memory or SRAM.
168 Bytes:
The industry is expected to grow at a significant pace owing to the increasing demand for mobile payments and contactless technology. The growing penetration of smartphones, tablets, and other electronic devices has led to an increase in the usage of near field communication chips (NFC). These chips are used in various applications such as ticketing systems, transport tickets, identification cards for access control etc. The rapid growth of NFC-enabled application market is anticipated to drive market growth over the forecast period.
Application Insights:
The consumer electronics segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growing adoption of smartphones has led to an increase in demand for near field communication chips, which have enabled manufacturers to introduce new features and functionalities. For instance, Samsung introduced a feature called Smart Things with near field communication technology that allows users to wirelessly transfer data from smartphone to smart devices. Such technological advancements are likely to drive growth over the coming years.
The automotive sector is also expected witness significant growth owingto increasing usage ofNear Field Communication (NFC) technologyin various applications such as car key fobs, electronic tags for pets and livestock identification cards among others.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of prominent players such as payment solution providers, Google LLC; and technology developers, Texas Instruments Inc. The region is expected to maintain its dominance over the forecast period due to increasing adoption of contactless payments across various applications in U.S. Furthermore, growing demand for smartphones and tablets is also anticipated to drive NFC-based device sales in North America over the next eight years.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing with increasing smartphone penetration rates coupled with rising demand for mobile banking & payment solutions across emerging economies such as India & China & Australia among others). Moreover, growing investments by prominent companies such as Google LLC.; Samsung Electronics Co., Ltd.
Growth Factors:
- Increasing demand for NFC-enabled smartphones and other mobile devices
- Rapid growth of contactless payments and transit systems
- Proliferation of IoT applications that require secure data exchange between devices
- Growing demand for secure authentication and identification solutions
- Increasing number of pilots and deployments of NFC technology in retail, transportation, healthcare, and other industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Near Field Communication Chips (NFC) Market Research Report
By Type
64 Bytes, 168 Bytes, Others
By Application
Consumer Electronics, Automotive, Medical, Others
By Companies
NXP Semiconductors, Broadcom Corporation, Texas Instruments, Qualcomm, STMicroelectronics, MediaTek, Mstar Semiconductor, AMS, Sony Corporation, Marvell technology Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Near Field Communication Chips (NFC) Market Report Segments:
The global Near Field Communication Chips (NFC) market is segmented on the basis of:
Types
64 Bytes, 168 Bytes, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronics, Automotive, Medical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NXP Semiconductors
- Broadcom Corporation
- Texas Instruments
- Qualcomm
- STMicroelectronics
- MediaTek
- Mstar Semiconductor
- AMS
- Sony Corporation
- Marvell technology Group
 Market Overview.svg)
Highlights of The Near Field Communication Chips (NFC) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 64 Bytes
- 168 Bytes
- Others
- By Application:
- Consumer Electronics
- Automotive
- Medical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Near Field Communication Chips (NFC) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Near Field Communication Chips (NFC) are a type of chip that can be used to communicate with other devices. They are often found in phones, tablets, and other portable devices. NFC chips can be used to make payments, access information, and more.
Some of the major players in the near field communication chips (nfc) market are NXP Semiconductors, Broadcom Corporation, Texas Instruments, Qualcomm, STMicroelectronics, MediaTek, Mstar Semiconductor, AMS, Sony Corporation, Marvell technology Group.
The near field communication chips (nfc) market is expected to grow at a compound annual growth rate of 20%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Near Field Communication Chips (NFC) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Near Field Communication Chips (NFC) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Near Field Communication Chips (NFC) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Near Field Communication Chips (NFC) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Near Field Communication Chips (NFC) Market Size & Forecast, 2020-2028
4.5.1 Near Field Communication Chips (NFC) Market Size and Y-o-Y Growth
4.5.2 Near Field Communication Chips (NFC) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 64 Bytes
5.2.2 168 Bytes
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Automotive
6.2.3 Medical
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Near Field Communication Chips (NFC) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Near Field Communication Chips (NFC) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 64 Bytes
9.6.2 168 Bytes
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Automotive
9.10.3 Medical
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 64 Bytes
10.6.2 168 Bytes
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Automotive
10.10.3 Medical
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 64 Bytes
11.6.2 168 Bytes
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Automotive
11.10.3 Medical
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 64 Bytes
12.6.2 168 Bytes
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Automotive
12.10.3 Medical
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 64 Bytes
13.6.2 168 Bytes
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Automotive
13.10.3 Medical
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Near Field Communication Chips (NFC) Market: Competitive Dashboard
14.2 Global Near Field Communication Chips (NFC) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NXP Semiconductors
14.3.2 Broadcom Corporation
14.3.3 Texas Instruments
14.3.4 Qualcomm
14.3.5 STMicroelectronics
14.3.6 MediaTek
14.3.7 Mstar Semiconductor
14.3.8 AMS
14.3.9 Sony Corporation
14.3.10 Marvell technology Group
