The NFC chip market is expected to grow from US$ 8,714.4 million in 2021 to US$ 17,827.0 million by 2028; it is estimated to grow at a CAGR of 10.8% during 2021–2028.
Smartphones have become an integral component of the lives of today's consumers. Consumers are using their cell phones to make quicker and faster payments in addition to traditional ways of communication. NFC is a convenient means of payment as it combines a consumer's mobile device with their wallet. It allows users to conduct mobile transactions, trade digital material quickly, and link their devices to other devices by touch. As a result, the number of devices equipped with NFC technology is growing, which helps in gaining the expansion and popularity of NFC technology in emerging markets. NFC chips make user interfaces easier to use, making them more useful in consumer products. Smartphone manufacturers, such as Apple and Samsung, include NFC chips in their handsets, resulting in increased demand for NFC chips among mobile phone manufacturers. With increasing use of smartphones, penetration of NFC will also rise that will boost the growth of NFC chip market
Further, the rising adoption of digitalization and enhanced communication technologies is driving NFC chip demand. Android Beam, for example, is a function present in every NFC-enabled Android smartphone. Users may exchange media and contacts with another Android smartphone by merely keeping their phones close together. As NFC takes less power to operate and can occasionally work without electricity, it is a convenient way to share digital files. The aforesaid factors are creating positive impact in fueling the growth of NFC chip market.
NFC also operates in a peer-to-peer mode, apart from mobile payments and the smart distribution of information. It enables two smartphones to exchange contacts, calendar activities, website links, images, and even video clips, similar to Bluetooth and Wi-Fi direct. NFC is a promising exchange and trade solution, and small retail businesses improve their profits by offering a smooth and easier transaction to their customers. The benefits exhibited above related to NFC technology is resulting into generating lucrative business opportunities for the the growth of NFC chip market.
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NFC Chip Market: Strategic Insights
Market Size Value in US$ 8,714.4 million in 2021 Market Size Value by US$ 17,827.0 million by 2028 Growth rate CAGR of 10.8% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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NFC Chip Market: Strategic Insights
| Market Size Value in | US$ 8,714.4 million in 2021 |
| Market Size Value by | US$ 17,827.0 million by 2028 |
| Growth rate | CAGR of 10.8% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on NFC Chip Market
North America has the highest adoption and growth rate of new technologies owing to favorable government policies to boost innovation and strengthen the infrastructural capabilities. Hence, any impact on industries is expected to affect the region's economic growth negatively. The US was the world’s worst affected country due to the COVID-19 outbreak, thereby influencing the high adoption of online shopping during the pandemic. For instance, according to studies, Amazon recorded an increase in sales by 37% owing to the COVID-19 pandemic.
The shut down of all retail outlets by the government authorities coupled with the social distancing norms affected the investments by retail outlets on any technological advancements. For instance, the sales of the online grocery segment across the US, recorded an increase of 210.1% due to the pandemic. This rise in online sales of consumables decreased the dependency of the region’s population on brick and mortar stores. The COVID-19 pandemic has resulted into positively impacting the growth of NFC technology owing to contactless and caahless payment, which in turn has drive the NFC chip market.
Lucrative Regions for NFC Chip Market
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NFC Chip Market Insights
Surge in Adoption of NFC-Enabled Wearable Technology
Wearable technology is a new trend that integrates electronics into daily activities and responds to changing lifestyles by allowing devices to be worn on any part of the body. Wearable technology is driven by connecting to the internet and giving data exchange choices between a network and a device. Due to the surge in the fitness trend among consumers, wearable has received a lot of popularity. According to Cisco Systems, linked wearable devices are predicted to rise from 593 million in 2018 to 1,105 million in 2022 due to additional features, such as the brand that suits the everyday lifestyle. Strong brands like Apple and Fossil keep their pricing constant with typical watch price bands to preserve their sales. Many additional premium watchmakers, like TAG and Armani, have entered the segment due to Google's WearOS. Despite significant space and power constraints, intelligent wearables and IoT devices are becoming increasingly popular by adding additional functions. When a wearable gadget has NFC capabilities, it can be used to pay at a store, use public transportation, or gain entrance to an office building. SECORA Connect, for example, is a solution family from Infineon that addresses the growing popularity of smart wearables and IoT devices. It is a system solution that can be implemented into smart wearables to enable contactless secured payment, transportation ticketing, and other applications using Near Field Communication (NFC). Thus, the factors mentioned above are driving the growth of the NFC chip market. More investments and growth plans in these technologies are projected to continue in the forecast period, which is expected to create opportunities for NFC chips in the industry.
End-User-Based Market Insights
Based on end user, the NFC chip market is segmented into consumer electronics, automotive, retail, medical, and others. In retail industry, most of the NFC POS terminals were installed worldwide due to the rising demand for contactless payments. Carrefour, a France-based retailer, launched Carrefour Pay—a mobile payment system—which allows users to pay for their groceries with their NFC-enabled smartphones at the POS terminal. The system has been connected to cards of all banks and has been accepted in 3000 stores in France. The launch of this system is part of the Carrefour‘s plan to design digital operations, supported by an investment of US$ 3.39 billion. As older systems approach retirement, POS vendors increasingly include NFC support in new systems as a standard. Moreover, smartphone-wielding customers are adopting contactless payments in ever-growing numbers as it is quick and convenient.
Storage Capacity-Based Market Insights
Based on storage capacity, the NFC Chip Market is segmented as 64 bytes, 168 bytes, 180 bytes, and 540 bytes. The NFC chips with low storage capacity are used for inventory management, supply chain management, asset tracking, and automation in ticketing and anti-counterfeiting. The NFC chips with high storage capacity, such as 180 bytes and 540 bytes, have high read/write endurance and can retain up to 50 years’ worth of data. They also support SUN (secure unique NFC message), which enables and simplifies many applications involving security and encryption such as advanced anti-counterfeiting, secured sensitive data applications, secure login, and authentication.
Players operating in the NFC chip market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In 2021, Broadcom launched World's lowest power L1/L5 GNSS receiver chip, the BCM4778, for mobile & wearable applications.
The global NFC chip market is segmented into type, storage capacity, end-user, and geography. On the basis of type, the NFC chip market is segmented into active and passive. Based on storage capacity, the market is segmented into 64 bytes, 168 bytes, 180 bytes, and 540 bytes. Based on end-user, the market is segmented into consumer electronics, automotive, retail, healthcare, and others.
AMS AG; Broadcom Inc.; Identiv, Inc; Toshiba Corporation; Intel Corporation; NXP Semiconductors; Samsung Electronics Co., Ltd.; Qualcomm Technologies, Inc.; STMicroelectronics; and Texas Instruments Incorporated are the key NFC chip market players considered for the research study. In addition, several other significant NFC chip market players have been studied and analyzed in this research report to get a holistic view of the global NFC chip market and its ecosystem.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Storage Capacity and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Proliferation of NFC-based smartphones, rising demand for contactless payment, integration of NFCs with medical equipment, and surge in adoption of NFC-enabled wearable technology are the factors boosting the NFC chip market.
NFC (near-field communication) is a technology commonly employed in various communication apps. Patient identification, blood transfusion, drug administration, medical personnel tracking, and medical record access have all been demonstrated in the realm of health care. The wave of NFC technology has been merged with the internet of things technologies in health care. NFC technology can improve workflow by combining mobile EMR systems by employing bedside technology. Public and private spaces exist in many healthcare facilities, including hospitals, treatment centers, clinics, and pharmacies. It's critical to keep these spaces separate, with only authorized staff having access to medical cabinets or operating rooms. NFC tags can track and log every entrance and exit, and employee badges, smartphones, and other devices can be equipped with NFC for access privileges. NFC allows hospitals to track who is there and who has done what. Medical personnel may see where a patient is when the nurse last came in and what therapy a doctor just gave in real-time. This, in turn, will provide growth opportunities to the market players during the forecast period.
The global NFC chip market was dominated by the 180 Bytes segment in 2020. It is a net generation chip with better scanning strength available in a reasonable rate. The chip with this storage is used for train/bus passes and other transport application.
In 2020, North America led the market with a substantial revenue share, followed by Europe and APAC. Asia Pacific is a prospective market for NFC chip market players. With the increasing demand from customers for high-quality products and services, companies are continuously focusing on innovation to serve their customers in the best possible way. North America is renowned for high-quality industrial and consumer product manufacturing. Manufacturers in the region are highly focused on meeting the end-user requirements by using advanced technologies, such as automation, to improve the production quality and optimize the overall manufacturing process.
The major companies in NFC chip includes NXP Semiconductors N.V.; Samsung; Qualcomm; Infineon AG; and STMicroelectronics. The listing of these five key players is derived by considering following key parameters: overall revenue, segmental revenue, brand image & industry expertise, current NFC chip portfolio and related products, customer base, geographical reach, research and development investments, patents, technology integration, new product launches, partnerships, mergers & acquisitions and other market related activities
The major industries in NFC chip includes consumer electronics, automotive, healthcare, retail, medical, and others. Consumer electronics held the largest segment in 2020 in NFC chip market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. NFC Chip Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST Analysis
4.2.3 Asia-Pacific – PEST Analysis
4.2.4 Middle East and Africa – PEST Analysis
4.2.5 South America – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. NFC Chip Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Proliferation of NFC-based Smartphones
5.1.2 Rising Demand for Contactless Payment
5.2 Market Restraints
5.2.1 Short Operational Range and Security Concerns
5.3 Market Opportunities
5.3.1 Integration of NFCs with Medical Equipment
5.4 Future Trends
5.4.1 Surge in Adoption of NFC-Enabled Wearable Technology
5.5 Impact Analysis of Drivers and Restraints
6. NFC Chip Market – Global Analysis
6.1 NFC Chip Market Global Overview
6.2 NFC Chip Market – Global Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. NFC Chip Market Analysis – By Type
7.1 Overview
7.2 NFC Chip Market, By Type (2020 and 2028)
7.3 Active
7.3.1 Overview
7.3.2 Active: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Passive
7.4.1 Overview
7.4.2 Passive: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
8. NFC Chip Market Analysis – By Storage Capacity
8.1 Overview
8.2 NFC Chip Market, By Storage Capacity (2020 and 2028)
8.3 Bytes
8.3.1 Bytes: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Bytes
8.4.1 Bytes: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Bytes
8.5.1 Bytes: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Bytes
8.6.1 Bytes: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
9. NFC Chip Market Analysis – By End User
9.1 Overview
9.2 NFC Chip Market, By End User (2020 and 2028)
9.3 Consumer Electronics
9.3.1 Overview
9.3.2 Consumer Electronics: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Retail
9.5.1 Overview
9.5.2 Retail: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Medical
9.6.1 Overview
9.6.2 Medical: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10. NFC Chip Market – Geographic Analysis
10.1 Overview
10.2 North America: NFC Chip Market
10.2.1 North America: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: NFC Chip Market, by Type
10.2.3 North America: NFC Chip Market, by Storage Capacity
10.2.4 North America: NFC Chip Market, by End User
10.2.5 North America: NFC Chip Market, by Key Country
10.2.5.1 US: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: NFC Chip Market, by Type
10.2.5.1.2 US: NFC Chip Market, by Storage Capacity
10.2.5.1.3 US: NFC Chip Market, by End User
10.2.5.2 Canada: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: NFC Chip Market, by Type
10.2.5.2.2 Canada: NFC Chip Market, by Storage Capacity
10.2.5.2.3 Canada: NFC Chip Market, by End User
10.2.5.3 Mexico: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: NFC Chip Market, by Type
10.2.5.3.2 Mexico: NFC Chip Market, by Storage Capacity
10.2.5.3.3 Mexico: NFC Chip Market, by End User
10.3 Europe: NFC Chip Market
10.3.1 Europe: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: NFC Chip Market, by Type
10.3.3 Europe: NFC Chip Market, by Storage Capacity
10.3.4 Europe: NFC Chip Market, by End User
10.3.5 Europe: NFC Chip Market, by Key Country
10.3.5.1 France: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 France: NFC Chip Market, by Type
10.3.5.1.2 France: NFC Chip Market, by Storage Capacity
10.3.5.1.3 France: NFC Chip Market, by End User
10.3.5.2 Germany: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 Germany: NFC Chip Market, by Type
10.3.5.2.2 Germany: NFC Chip Market, by Storage Capacity
10.3.5.2.3 Germany: NFC Chip Market, by End User
10.3.5.3 Italy: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: NFC Chip Market, by Type
10.3.5.3.2 Italy: NFC Chip Market, by Storage Capacity
10.3.5.3.3 Italy: NFC Chip Market, by End User
10.3.5.4 UK: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: NFC Chip Market, by Type
10.3.5.4.2 UK: NFC Chip Market, by Storage Capacity
10.3.5.4.3 UK: NFC Chip Market, by End User
10.3.5.5 Russia: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: NFC Chip Market, by Type
10.3.5.5.2 Russia: NFC Chip Market, by Storage Capacity
10.3.5.5.3 Russia: NFC Chip Market, by End User
10.3.5.6 Rest of Europe: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: NFC Chip Market, by Type
10.3.5.6.2 Rest of Europe: NFC Chip Market, by Storage Capacity
10.3.5.6.3 Rest of Europe: NFC Chip Market, by End User
10.4 APAC: NFC Chip Market
10.4.1 APAC: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.4.2 APAC: NFC Chip Market, by Type
10.4.3 APAC: NFC Chip Market, by Storage Capacity
10.4.4 APAC: NFC Chip Market, by End User
10.4.5 APAC: NFC Chip Market, by Key Country
10.4.5.1 Australia: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: NFC Chip Market, by Type
10.4.5.1.2 Australia: NFC Chip Market, by Storage Capacity
10.4.5.1.3 Australia: NFC Chip Market, by End User
10.4.5.2 China: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: NFC Chip Market, by Type
10.4.5.2.2 China: NFC Chip Market, by Storage Capacity
10.4.5.2.3 China: NFC Chip Market, by End User
10.4.5.3 India: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: NFC Chip Market, by Type
10.4.5.3.2 India: NFC Chip Market, by Storage Capacity
10.4.5.3.3 India: NFC Chip Market, by End User
10.4.5.4 Japan: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 Japan: NFC Chip Market, by Type
10.4.5.4.2 Japan: NFC Chip Market, by Storage Capacity
10.4.5.4.3 Japan: NFC Chip Market, by End User
10.4.5.5 South Korea: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: NFC Chip Market, by Type
10.4.5.5.2 South Korea: NFC Chip Market, by Storage Capacity
10.4.5.5.3 South Korea: NFC Chip Market, by End User
10.4.5.6 Rest of APAC: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of APAC: NFC Chip Market, by Type
10.4.5.6.2 Rest of APAC: NFC Chip Market, by Storage Capacity
10.4.5.6.3 Rest of APAC: NFC Chip Market, by End User
10.5 MEA: NFC Chip Market
10.5.1 MEA: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.5.2 MEA: NFC Chip Market, by Type
10.5.3 MEA: NFC Chip Market, by Storage Capacity
10.5.4 MEA: NFC Chip Market, by End User
10.5.5 MEA: NFC Chip Market, by Key Country
10.5.5.1 South Africa: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: NFC Chip Market, by Type
10.5.5.1.2 South Africa: NFC Chip Market, by Storage Capacity
10.5.5.1.3 South Africa: NFC Chip Market, by End User
10.5.5.2 Saudi Arabia: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: NFC Chip Market, by Type
10.5.5.2.2 Saudi Arabia: NFC Chip Market, by Storage Capacity
10.5.5.2.3 Saudi Arabia: NFC Chip Market, by End User
10.5.5.3 UAE: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: NFC Chip Market, by Type
10.5.5.3.2 UAE: NFC Chip Market, by Storage Capacity
10.5.5.3.3 UAE: NFC Chip Market, by End User
10.5.5.4 Rest of MEA: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of MEA: NFC Chip Market, by Type
10.5.5.4.2 Rest of MEA: NFC Chip Market, by Storage Capacity
10.5.5.4.3 Rest of MEA: NFC Chip Market, by End User
10.6 SAM: NFC Chip Market
10.6.1 SAM: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.6.2 SAM: NFC Chip Market, by Type
10.6.3 SAM: NFC Chip Market, by Storage Capacity
10.6.4 SAM: NFC Chip Market, by End User
10.6.5 SAM: NFC Chip Market, by Key Country
10.6.5.1 Brazil: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: NFC Chip Market, by Type
10.6.5.1.2 Brazil: NFC Chip Market, by Storage Capacity
10.6.5.1.3 Brazil: NFC Chip Market, by End User
10.6.5.2 Argentina: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: NFC Chip Market, by Type
10.6.5.2.2 Argentina: NFC Chip Market, by Storage Capacity
10.6.5.2.3 Argentina: NFC Chip Market, by End User
10.6.5.3 Rest of SAM: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of SAM: NFC Chip Market, by Type
10.6.5.3.2 Rest of SAM: NFC Chip Market, by Storage Capacity
10.6.5.3.3 Rest of SAM: NFC Chip Market, by End User
11. Impact of COVID-19 Pandemic on Global NFC Chip Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.5 South America Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
13. Company Profiles
13.1 Broadcom Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 INFINEON TECHNOLOGIES AG
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Identiv, Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Toshiba Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Intel Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 NXP Semiconductors
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Samsung Electronics Co., Ltd.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Qualcomm Technologies, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 STMicroelectronics
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Texas Instruments Incorporated
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. NFC Chip Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. North America: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: NFC Chip Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. US: NFC Chip Market, by Storage Capacity –Revenue and Forecast to 2028 (US$ Million)
Table 7. US: NFC Chip Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 14. Europe: NFC Chip Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: NFC Chip Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 17. France: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. France: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 19. France: NFC Chip Market, by End User – Revenue and Forecast t2o 2028 (US$ Million)
Table 20. Germany: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 23. Italy: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Italy: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 26. UK: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. UK: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 29. Russia: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. Russia: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Europe: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 35. APAC: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. APAC: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 37. APAC: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 38. Australia: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Australia: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 40. Australia: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 41. China: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. China: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 43. China: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 44. India: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. India: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 46. India: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 47. Japan: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. Japan: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 49. Japan: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 50. South Korea: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. South Korea: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 52. South Korea: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of APAC: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of APAC: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of APAC: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 56. MEA: NFC Chip Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 57. MEA: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 58. MEA: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 59. South Africa: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. South Africa: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 61. South Africa: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 62. Saudi Arabia: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 63. Saudi Arabia: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 64. Said Arabia: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 65. UAE: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 66. UAE: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 67. UAE: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 68. Rest of MEA: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 69. Rest of MEA: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of MEA: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 71. SAM: NFC Chip Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 72. SAM: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 73. SAM: NFC Chip Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 74. Brazil: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 75. Brazil: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 76. Brazil: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 77. Argentina: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 78. Argentina: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 79. Argentina: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 80. Rest of SAM: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 81. Rest of SAM: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 82. Rest of SAM: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 83. List of Abbreviation
LIST OF FIGURES
Figure 1. NFC Chip Market Segmentation
Figure 2. NFC Chip Market Segmentation – By Geography
Figure 3. Global NFC Chip Market Overview
Figure 4. Mid-infrared Segment Held the Largest Market Share in 2020
Figure 5. Benchtop Spectroscopes Held the Largest Market Share in 2020
Figure 6. Healthcare End-user Held the Largest Market Share in 2020
Figure 7. North America was the Largest Revenue Contributor in 2020
Figure 8. North America – PEST Analysis
Figure 9. Europe – PEST Analysis
Figure 10. Asia-Pacific – PEST Analysis
Figure 11. Middle East and Africa – PEST Analysis
Figure 12. South America – PEST Analysis
Figure 13. NFC Chip Market– Ecosystem Analysis
Figure 14. Expert Opinion
Figure 15. NFC Chip Market: Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of NFC Chip Market
Figure 17. Global NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. NFC Chip Market Revenue Share, by Type (2020 and 2028)
Figure 19. Active: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Passive: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. NFC Chip Market Revenue Share, by Storage Capacity (2020 and 2028)
Figure 22. Bytes: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Bytes: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Bytes: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Bytes: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. NFC Chip Market Revenue Share, by End User (2020 and 2028)
Figure 27. Consumer Electronics: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Automotive: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Automotive: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Medical: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Others: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Global NFC Chip Market Revenue Share, by Region (2020 and 2028)
Figure 33. North America: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. North America: NFC Chip Market Revenue Share, by Type (2020 and 2028)
Figure 35. North America: NFC Chip Market Revenue Share, by Storage Capacity (2020 and 2028)
Figure 36. North America: NFC Chip Market Revenue Share, by End User (2020 and 2028)
Figure 37. North America: NFC Chip Market Revenue Share, by Key Country (2020 and 2028)
Figure 38. US: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Canada: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Mexico: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Europe: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Europe: NFC Chip Market Revenue Share, by Type (2020 and 2028)
Figure 43. Europe: NFC Chip Market Revenue Share, by Storage Capacity (2020 and 2028)
Figure 44. Europe: NFC Chip Market Revenue Share, by End User (2020 and 2028)
Figure 45. Europe: NFC Chip Market Revenue Share, by Key Country (2020 and 2028)
Figure 46. France: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Germany: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Italy: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. UK: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Russia: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Rest of Europe: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. APAC: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. APAC: NFC Chip Market Revenue Share, by Type (2020 and 2028)
Figure 54. APAC: NFC Chip Market Revenue Share, by Storage Capacity (2020 and 2028)
Figure 55. APAC: NFC Chip Market Revenue Share, by End User (2020 and 2028)
Figure 56. APAC: NFC Chip Market Revenue Share, by Key Country (2020 and 2028)
Figure 57. Australia: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. China: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. India: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Japan: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. South Korea: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. Rest of APAC: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. MEA: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. MEA: NFC Chip Market Revenue Share, by Type (2020 and 2028)
Figure 65. MEA: NFC Chip Market Revenue Share, by Storage Capacity (2020 and 2028)
Figure 66. MEA: NFC Chip Market Revenue Share, by End User (2020 and 2028)
Figure 67. MEA: NFC Chip Market Revenue Share, by Key Country (2020 and 2028)
Figure 68. South Africa: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Saudi Arabia: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. UAE: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. Rest of MEA: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. SAM: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. SAM: NFC Chip Market Revenue Share, by Type (2020 and 2028)
Figure 74. SAM: NFC Chip Market Revenue Share, by Storage Capacity (2020 and 2028)
Figure 75. SAM: NFC Chip Market Revenue Share, by End User (2020 and 2028)
Figure 76. SAM: NFC Chip Market Revenue Share, by Key Country (2020 and 2028)
Figure 77. Brazil: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 78. Argentina: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 79. Rest of SAM: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 80. Impact of COVID-19 Pandemic in North American Country Markets
Figure 81. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 82. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 83. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 84. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - NFC Chips Market
- Broadcom Inc.
- INFINEON TECHNOLOGIES AG
- Identiv, Inc
- Intel Corporation
- NXP Semiconductors
- Qualcomm Technologies, Inc.
- Samsung Electronics Co., Ltd.
- STMicroelectronics
- Texas Instruments Incorporated
- Toshiba Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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