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NFC Chip Market Size, CAGR, Sales Analysis and Opportunity 2031
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The global NFC chips market is broadly affected by several factors, including rise in demand for NFC chips among consumer electronics manufacturers, and government initiatives and subsidies coupled with rising applications in various sectors. Thus, expanding application of NFC chips in different sectors is propelling the global market for NFC chips.
NFC Chips Market: Prominent Regions
NFC chips market revenue generation in North America is expected to continue during the forecast period, owing to presence of key market players, technological advancements, and advancement in electronic appliances and services provided in the region. Business performance of the NFC chips market in Europe is expected to be favorable during the forecast period, as the rate of adoption of technologies is significantly high in the region. Countries, including Germany, Italy, and France have prominent industrial manufacturers. This boosts the NFC chips market in Europe. The NFC chips market in Asia Pacific is expected to expand at a notable pace, owing to the presence of electronic hubs such as China and South Korea in the region. Additionally, the presence of all major manufacturers in the region is likely to play a key role in driving the market for NFC chips.
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NFC Chips Market: Key Players
Key players operating in the global NFC chips market are NXP Semiconductors B.V., Broadcom Inc., Texas Instruments Inc., Qualcomm Inc., Samsung Electronics Co., Ltd., MediaTek Inc., STMicroelectronics N.V., AMS AG, Sony Corporation, and Marvell Technology Group Ltd.
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