Press release
Global NFC Chips Market is Projected to Expand at a CAGR of 26.0% during the Period 2016 - 2024 - Industry Analysis, Size, Share, Growth, Trends and Forecast
Global NFC Chips Market: Overview
Near Field communication (NFC) chips systems are communicating device that are ideal for electronic applications and are capable of identifying the radio frequency identifying technology. Dispensing technology have been widely accepted since 2004 and the further technological advancements have led to evolution of shorter range radio identification technologies between two devices. This advancements helps in facilitating safer data transfer. A key trend that has been observed in the recent past years is growing demand of NFC chips among consumer electronics manufacturer, which is a key driver during the forecast period of 2016-2024.
A surge in demand for smart phones across the globe is driving the demand for NFC chips in global market. This technology is being deployed in electronics to increase and boost contactless safe data transfer. Consumer electronics manufacturers’ are increasing their demand for NFC chips overtime, this factor acts as a major driving factor for future demand of NFC chips. Additionally, rapid technological advancements in radio frequency identification are fueling the growth of the global market.
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The government initiatives as well as private investments in research & devolvement of NFC chip technology are supplementing the growth of the market. Thus, the conjoint effect of all these drivers is set to strengthen the growth of the global NFC chip market in the coming years. NFC chips are sometimes of very complex design is expected to hindering the growth for NFC chips during the forecast period. Simpler version of NFC chips designs as an alternative to traditional complex product design is required for wider application usability. Furthermore, cost effectiveness and simplicity to install in devices is boosting the growth of this product market.
Global NFC Chips Market: Segmentation
The global market has been segmented in the basis of application, storage, end users and geography. By application, the global NFC chip market has been broadly classified into smartphone, television, medical equipment, car and others. On the basis of storage NFC chip has been further sub-divided into 64 Bytes, 168 Bytes, 180 Bytes, 540 Bytes and others. Furthermore, end users of NFC chip has been fragmented into consumer electronics, automotive, retail, medical, and aviation among others. By geography, this market has been segregated into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
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Table of Content
Chapter 1 Preface
1.1 Report Scope & Market Segmentation
1.2 Research Highlights
Chapter 2 Assumptions and Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Overview
4.1 Product Overview
4.2 Market Indicators
Chapter 5 Market Dynamics
5.1 Drivers and Restraints: Snapshot Analysis
5.2 Drivers
5.2.1 Growing Demand of NFC chips among Consumer electronics manufacturer
5.2.2 Government Initiatives and Subsidies
5.2.3 Rising application in medical sector
5.3 Restraints
5.3.1 Complexity in product design
5.3.2 Lack of awareness and enthusiasm among consumers
5.4 Opportunity Analysis
5.4.1 Opportunities
5.4.2 NFC chips application in real estate industry
5.4.3 Rising mergers and acquisitions in NFC based industries
5.4.4 Global NFC Chips Market Size (USD Mn) and Volume (Units Mn) Forecasts, 2016-2024
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