Press release
Near Field Communication (NFC) Chip Market to Cross USD 134.6 Bn with CAGR of 41% | Global forecast by 2022 - Samsung, NXP, Sony, Broadcom, Texas, INSIDE Secure
Near Field Communication (NFC) Chip Market
Near Field Communication (NFC) Chip market valued approximately USD 12.15 billion in 2017 is anticipated to grow with a healthy growth rate of more than 41% over the forecast period 2018-2025. Globally Near Field Communication (NFC) Chip market to cross USD 134.6 billion by 2025.
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The Near Field Communication (NFC) Chip market is on the surging trend on the global scenario. The Near field communication is mainly an array of protocols which is based on a specific wireless interface which enables the communication devices and electronic gadgets to set up communication with each other under proximity. Also, the Near Field Communication (NFC) Chips specifically can be described as small electronic device which operates on a wireless link that utilizes the magnetic field induction for transmitting data & to establish wireless connection.
The Near field communication technology is significantly being adopted by many sectors which include retail, automotive, healthcare & medical. In the automotive sector the multinational automobile manufacturers which includes Honda, Ford, Toyota and Hyundai are keenly deploying NFC chips into both the passenger vehicles mainly in the cars and commercial vehicles aiming to support the feature of keyless entry in which the vehicle doors automatically locks & unlocks when the user reaches the proximity distance of the vehicle.
Also, the multinational organizations such as Google Corporation and Apple Inc have also launched applications such as Apple pay and android pay which precisely operates on near field communication technology which is further augmenting the adoption and growth of Near Field Communication (NFC) Chip market on the global scenario. However, the concerns related to rising data privacy & data security, lack of interoperability, easy availability of substitutes such as Bluetooth and high cost of NFC chips are acting as restraining factors considering the growth of Near field communication market during the forecasted period.
Geographically North America is the leading/significant region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
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Segments and sub-segments by:
Key Players:
1 Samsung Electronics Co.Ltd
2 NXP Semiconductors N.V.
3 Sony Corporation
4 Broadcom Corporation
5 Texas Instruments Incorporated
6 INSIDE Secure
7 Toshiba Corporation and more....
Regions:
1 North America Country (United States, Canada)
2 Latin America (Brazil, Mexico)
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
Application:
1 Mobile/ Contactless Payment
2 User Authentication & Access Control
3 Monitoring Healthcare system
4 Information Sharing
5 Others
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Key questions answered in the report include:
1 What are the key factors driving the global Near Field Communication (NFC) Chip market?
2 What are the key market trends impacting the growth of the global Near Field Communication (NFC) Chip market?
3 Who are the key vendors in the global Near Field Communication (NFC) Chip market?
4 What are the market opportunities and threats faced by the vendors in the global Near Field Communication (NFC) Chip market?
5 What are the key outcomes of the five forces analysis of the global Near Field Communication (NFC) Chip market?
6 What are the challenges to market growth?
Table of Content:
1 Global NEAR FIELD COMMUNICATION (NFC) CHIP Market Definition and Scope
2 Research Methodology
3 Executive Summary
4 Global Near Field Communication (NFC) Chip Market Dynamics
5 Global Near Field Communication (NFC) Chip Market, By Type
6 Global Near Field Communication (NFC) Chip Market, By Insulation Material
7 Global Near Field Communication (NFC) Chip Market, By Component
8 Global Near Field Communication (NFC) Chip Market, By End-Use
9 Global Near Field Communication (NFC) Chip Market, by Regional Analysis
10 Competitive Intelligence
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