NFC Chip Industry 2021-2027
New Study Reports " NFC Chip Industry 2021, Analysis, Growth, Size, Trends Forecasts 2027" has been Added on MarketResearchFuture.
Report Overview
Global NFC Chip Industry was valued at USD 4.26 billion in 2017 and is expected to reach USD 34.76 Billion by the end of the forecast period at a CAGR of 18.86%.
Starting with the overview of the NFC Chip Industry, it presents an overall analysis of the latest trends that are prevalent in the industry. The report begins with the description of the market surroundings and the analysis of the size and forecast of product or service based on regions and applications. In addition to it, the report also introduces the market competitive landscape among the vendors and manufacturers that contribute to the growth of the product or service. The company profiling and market price analysis in relation to the value chain features is also covered in the report. The data experts have examined and scrutinized the industry trends in the key regions. 2021 has been considered as the base year, with the forecast period extending to 2027.
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.
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.
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.
Key Players
The report has profiled some of the Important players prevalent in the global like – The key players in the NFC Chip Industry 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 Industry.
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.
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COVID-19 Impact on the Global NFC Chip Industry
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.
Market Segmentation
The global NFC Chip Industry has been segmented into storage capacity and vertical.
By storage capacity, the global NFC Chip Industry 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 Industry, while 180 bytes is expected to grow at a high growth rate.
By vertical, the global NFC Chip Industry has been segmented into BFSI, media & entertainment, retail, hospitality, healthcare, and others. The BFSI sector is expected to lead the NFC Chip Industry 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 Industry 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 Industry, 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 Industry 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 Industry Manufacturers
NFC Chip Industry Distributors/Traders/Wholesalers
NFC Chip Industry Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Complete Report Details@ https://www.marketresearchfuture.com/reports/nfc-chip-market-7723
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
…..
11 Company Profiles
11.1 Intel Corporation
11.1.1 Company Overview
11.1.2 Product/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.1.6 Key Strategy
11.2 Verifone Systems, Inc.
11.2.1 Company Overview
11.2.2 Product/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments
11.2.5 SWOT Analysis
11.2.6 Key Strategy
11.3 MStar Semiconductor, Inc.
11.3.1 Company Overview
11.3.2 Product/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments
11.3.5 SWOT Analysis
11.3.6 Key Strategy
11.4 Broadcom Corporation
11.4.1 Company Overview
11.4.2 Product/Business Segment Overview
11.4.3 Financial Updates
11.4.4 Key Developments
11.4.5 SWOT Analysis
11.4.6 Key Strategy
And more
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