Semiconductors and Electronics

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Global Near Field Communication (NFC) Chip Market – Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Upcoming Report
  • Oct 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Near Field Communication (NFC) Chip Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 8390.20 Billion
Diagram Market Size (Forecast Year) USD 18248.41 Billion
Diagram CAGR %

Global Near Field Communication (NFC) Chip Market, By Product Type (Auxiliary, Non-Auxiliary), Storage (64 Bytes, 168 Bytes, 180 Bytes, 540 Bytes), Usage (Authentication, Access Control, Payment, Others), Application (Smartphone, Television, Medical Equipment, Car, Others), End Use (Consumer Electronics, Automotive, Retail, Medical, Aviation, Others) – Industry Trends and Forecast to 2029.

Near Field Communication (NFC) Chip Market Analysis and Size

The near field communication (NFC) chips are widely used in the retail and consumer electronics sectors for contactless payments and to avoid long data management. The growing adoption of smart payment options and smartphones further propels the market growth.

Global near field communication (NFC) chip market was valued at USD 8,390.20 million in 2021 and is expected to reach USD 18248.41 million by 2029, registering a CAGR of 10.20% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Near Field Communication (NFC) Chip Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Auxiliary, Non-Auxiliary), Storage (64 Bytes, 168 Bytes, 180 Bytes, 540 Bytes), Usage (Authentication, Access Control, Payment, Others), Application (Smartphone, Television, Medical Equipment, Car, Others), End Use (Consumer Electronics, Automotive, Retail, Medical, Aviation, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Intel Corporation (U.S.), VeriFone, Inc. (U.S.), Broadcom. (U.S.), Qualcomm Technologies, Inc. (U.S.), STMicroelectronics (Switzerland), NXP Semiconductors. (Netherlands), Ingenico. (France), SAMSUNG (South Korea), Marvell (U.S.), Murata Manufacturing Co., Ltd. (Japan), MediaTek (Taiwan), Giesecke+Devrient GmbH (Germany), Renesas Electronics Corporation. (Japan), Texas Instruments Incorporated. (U.S.), ams-OSRAM AG. (Austria), Blue Bite LLC. (U.S.), HID Global Corporation (U.S.), Advanced Card Systems Ltd. (Hong Kong), Ensurge Micropower (Norway)

Market Opportunities

  • Rising adoptions across various sectors 
  • Growing Penetration of the product in medical devices

Market Definition

A near field communication (NFC) chip is a silicon component or an integrated circuit that can be used differently depending on the targeted application. It enables wide range short-range and wireless communication between two devices.

Global Near Field Communication (NFC) Chip Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Numerous Applications of Near-Field communication

Numerous applications of near-field communication chips is the main factor driving the market's growth over a wide range of sectors during the forecasted period. The near field communication technology is rapidly used in the public transports, where users can pay using their smartphones. It has a wide range of applications such as contactless payment, car center consoles, ticket machines and others, making it a widely used solution for various end-users such as consumer electronics, automotive, retail and others. All these factors are driving the market's growth over the forecasted period.

  • Rising adoptions of smart gadgets

The adoptions of various smart devices fuels the market growth. The development of artificial intelligence in various organizations and the increasing demand for high-speed networks in manufacturing facilities to analyze real-time data, enhance production processes, and provide secure and smooth data transmission. All these factors are driving the market's growth over the forecasted period.

Opportunities

  • Growing Penetration in medical applications

The growing Penetration of near field communication across various end users and in medical devices are estimated to generate lucrative opportunities for the market, which will further expand the near field communication (NFC) chip market's growth rate in the future. The data generated by the medical devices is usually within the capability of near field communication to avoid delays in the generated output and highly efficient and accurate outputs processed through the chips. All these factors are creating significant lucrative growth opportunities for the market over the forecasted period. 

Restraints/Challenges

  • Short ranges of data reading

The short ranges of data reading is the major factor creating hindrance for the market over the forecasted period is expected to obstruct market growth.

  • High costs of implementation

The main drawback is that attenuation of near field communication (NFC) chip is higher than average. This factor is projected to be challenge for the near field communication (NFC) chip market over the forecast period.

This near field communication (NFC) chip market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the near field communication (NFC) chip market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Near Field Communication (NFC) Chip Market Scope

The near field communication (NFC) chip market is segmented on the basis of product type, storage, usage, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Auxiliary
  • Non-Auxiliary

Storage

  • 64 Bytes
  • 168 Bytes
  • 180 Bytes
  • 540 Bytes

Usage

  • Authentication
  • Access Control
  • Payment
  • Others

Application

  • Smartphone
  • Television
  • Medical Equipment
  • Car
  • Others

End Use

  • Consumer Electronics
  • Automotive
  • Retail
  • Medical
  • Aviation
  • Others

Near Field Communication (NFC) Chip Market Regional Analysis/Insights

The near field communication (NFC) chip market is analyzed and market size insights and trends are provided by product type, storage, usage, application and end use as referenced above.

The countries covered in the near field communication (NFC) chip market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the near field communication (NFC) chip market during the forecast period of 2022 to 2029 because of the development of data center along with the introduction of 5G network within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising demand of high-speed connectivity devices within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Near Field Communication (NFC) Chip Market Share Analysis

The near field communication (NFC) chip market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to near field communication (NFC) chip market.

Some of the major players operating in the near field communication (NFC) chip market are:

  • Intel Corporation (U.S.)
  • VeriFone, Inc. (U.S.)
  • Broadcom (U.S.)
  • Qualcomm Technologies, Inc. (U.S.)
  • STMicroelectronics (Switzerland)
  • NXP Semiconductors. (Netherlands)
  • Ingenico. (France)
  • SAMSUNG (South Korea)
  • Marvell (U.S.)
  • Murata Manufacturing Co., Ltd. (Japan)
  • MediaTek (Taiwan)
  • Giesecke+Devrient GmbH (Germany)
  • Renesas Electronics Corporation. (Japan)
  • Texas Instruments Incorporated. (U.S.)
  • ams-OSRAM AG (Austria)
  • Blue Bite LLC (U.S.)
  • HID Global Corporation (U.S.)
  • Advanced Card Systems Ltd. (Hong Kong)
  • Ensurge Micropower (Norway)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Near Field Communication (NFC) Chip Market size will be worth USD 18248.41 million by 2029.
The Near Field Communication (NFC) Chip Market growth rate is 10.20% by 2029.
Rising adoptions of smart gadgets and Numerous Applications of Near-Field communication are the growth drivers of the Near Field Communication (NFC) Chip Market.
The product type, storage, usage, application, and end use are the factors on which the Near Field Communication (NFC) Chip Market research is based.
The major companies in the Near Field Communication (NFC) Chip Market are Intel Corporation (U.S.), VeriFone, Inc. (U.S.), Broadcom. (U.S.), Qualcomm Technologies, Inc. (U.S.), STMicroelectronics (Switzerland), NXP Semiconductors. (Netherlands), Ingenico. (France), SAMSUNG (South Korea), Marvell (U.S.), Murata Manufacturing Co., Ltd. (Japan), MediaTek (Taiwan), Giesecke+Devrient GmbH (Germany), Renesas Electronics Corporation. (Japan), Texas Instruments Incorporated. (U.S.), ams-OSRAM AG. (Austria), Blue Bite LLC. (U.S.), HID Global Corporation (U.S.), Advanced Card Systems Ltd. (Hong Kong), Ensurge Micropower (Norway).
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