New
Study Reports " NFC
Chip Market 2021, Global Key Players Analysis, Share,
Trends, Future Opportunities Forecasts
2027" has been Added on MarketResearchFuture.
Report Overview
This published report for
the NFC Chip Market analyzes
and forecasts the marketing statistics of the product/service market on a
global as well as the regional level. This detailed study NFC Chip Market also
offers the previous historical data along with the forecast from 2021 to 2027.
The assessment of the NFC Chip Market factors gives a brief overview of the
impact on the demand over the forecast period. In addition to this, the report
also studies the opportunities that are available in the report at the global
level. An executive summary is also provided based on the industry snapshot for
the period from 2021-2027.
The
global NFC chip market was valued at USD 4.26 billion in 2017 and is expected
to reach USD 11.76 billion by the end of the forecast period with a CAGR of
18.86%.
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.
COVID-19
Impact on the Global NFC Chip Market
COVID-19
is an incomparable global public health emergency that has impacted almost
every sector, with long-term consequences anticipated to affect industry
development over the forecast period.
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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.
This report covers the sales
volume, price, revenue, gross margin, manufacturers, suppliers, distributors,
intermediaries, customers, historical growth and future perspectives in the NFC
Chip.
Market
Segmentation
The
global NFC Chip Market has been segmented into storage capacity and
vertical.
By
storage capacity, the
global NFC Chip Market has been segmented into 64 Bytes, 168 Bytes, 180 Bytes,
and 540 Bytes. The 64 bytes segment is predicted to contribute a major share to
the NFC Chip Market, while 180 bytes is expected to grow at a high growth rate.
By
vertical, the
global NFC Chip Market has been segmented into BFSI, media & entertainment,
retail, hospitality, healthcare, and others. The BFSI sector is expected to
lead the NFC Chip Market during the forecast period owing to a large number of
contactless payments in the retail sector. The healthcare sector is anticipated
to grow at a high CAGR during the forecast period.
Regional Analysis
Based on region, the global
NFC Chip Market has been segmented into North America, Europe, Asia Pacific,
and the rest of the world.
During the forecast period, North America is
projected to retain a large share of the NFC Chip Market, followed by Europe.
The high adoption of digital payments, combined with growing smartphone
ownership and internet access, is the primary factor driving the NFC Chip
Market in North America.
Summary
Globally, the rapid development of payment
platforms and technologies has resulted in substantial growth of NFC, with
similar demand patterns for its components. This technology is being integrated
with smartphones to allow mobile payments, providing customers with easier
access to digital wallets. The governments of several countries are encouraging
digitization and digital payments in order to promote more transparent
transactions.
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
And more
Continued...
Our
team is studying Covid-19 and its impact on various industry verticals and
wherever required we will be considering Covid-19 footprints for a better
analysis of markets and industries. Cordially get in touch for more details.
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Us:
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Research Future (MRFR) is an esteemed company with a reputation of serving
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provide a seamless report with a 360 degree perspective. Data is compared
against reputed organizations, trustworthy databases, and international surveys
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