NFC Chip Market 2021-2027

New Study Reports " NFC Chip Market 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2027" has been Added on MarketResearchFuture.

Report Overview

The report on the NFC Chip Market provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2021 to 2027. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.

Market Dynamics

Factors affecting the NFC Chip Market have been studied in a detailed fashion to give a better understanding regarding the current status and the prospects. The various economic and demographic factors that influence the market have been presented in the study. The impact of important markers such as pricing, demand and supply, and population levels have been studied in this report. The forecast regarding the NFC Chip Market extending up to the year 2027 has been provided based on the conclusions from the aforementioned factors.

Market Research Future (MRFR) projects the global NFC chip market to reach USD 11.76 billion at a CAGR of 18.86% from 2018 to 2023 (forecast period).

The NFC chip is incorporated into the NFC tag, allowing the tag to perform various NFC operations. NFC chip is attached to an antenna to form an inlay. The performance of the NFC depends on the NFC chip, tuning of the antenna, the NFC inlay, and the interactive device. Read and write memory, a unique identifier (UID), and memory locking are some of the features of an NFC chip. Aside from these basic features, some chips have ASCII mirroring, password protection, web service mutual authentication, and authenticity check. However, since these features are not standardized in all systems, they can only be used in limited environments.

The rapid development of payment platforms and technologies around the world has resulted in substantial growth of NFC, with similar demand trends for its components. This technology is being incorporated with smartphones to allow mobile payments, which will help consumers by providing them with easier access to digital wallets. The governments of several countries are encouraging digitization and digital payments in order to promote transparent transactions.

NFC transactions are commonly used in the retail sector to save time and cost for the stores. Moreover, the highly intuitive user interface gives a satisfying experience to users. Retail stores use NFC to make their users aware of their products or to determine if a specific product is available on their online store.

However, security, along with data manipulation, remains a major concern for the industry. Data manipulation occurs when someone corrupts the NFC data transmission, increasing the risk of a security breach.

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Key Players

The report has profiled some of the Important players prevalent in the global like – The key players in the NFC chip market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Intel Corporation (US), Verifone Systems, Inc. (US), MStar Semiconductor, Inc. (Taiwan), Broadcom Corporation (US), STMicroelectronics (Switzerland), Qualcomm, Inc. (US), NXP Semiconductors (Netherlands), Ingenico Group (France), SAMSUNG (South Korea), and Marvell Technology Group Ltd (Bermuda). These players contribute a major share in the growth of NFC chip market.

Apart from the top key players, other players contribute to the market growth. These include Murata Manufacturing Co. (Japan), Media Tek, Inc. (Taiwan), Giesecke & Devrient GmbH (Germany), Renesas Electronics Corporation (Japan) and Texas Instruments (US), and others.

and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the NFC Chip.

Regional Analysis:
The NFC chip market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of NFC chip market has been done for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and South America). North America is expected to hold a significant share of the NFC chip market during the forecast period followed by Europe. Adoption of advanced technologies, digitization and high adoption rate of digital payments coupled with high ownership of smartphones and internet penetration are some of the major factors driving the NFC chip market in North America.

A large number of government initiatives implemented in many countries such as India and Japan for promoting cashless transactions is leading to the demand for NFC chips in the Asia-Pacific region. Also, technological advancements such as a rapid increase in smartphone adoption and contactless payment are further boosting up the growth of NFC chips market. NFC enables consumers to have a better connection with stores and offers which improves customer satisfaction and the retailers in return have better consumer insights which help them to serve better. Therefore, it widely being adopted in the retail sector. Thus, Asia-pacific is expected to grow at the highest CAGR during the forecast period.

Key Stakeholders
NFC Chip Market Manufacturers
NFC Chip Market Distributors/Traders/Wholesalers
NFC Chip Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Major Key Points from Table of Content:

1 Executive Summary

2 Market Introduction

2.1 Definition 15

2.2 Scope Of The Study 15

2.3 Market Structure 15

2.4 List Of Assumptions 16

3 Research Methodology

4 Market Dynamics

5 Global NFC Chip Market, By Component

6 Global NFC Chip Market, by Technology

7 Global NFC Chip Market, by Application

8 Global NFC Chip Market, By Industry

9 Global NFC Chip Market, By Region

10 Competitive Landscape

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Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

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