Near Field Communication (NFC) Chips Market 2021-2027
Author : Bhushan Dhumal | Published On : 11 May 2021
Near Field Communication (NFC) Chips Market 2021-2027
New Study Reports "Near Field Communication (NFC) Chips Market 2021 Global Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecasts 2027" has been Added on MarketResearchFuture.
In the past few years, The primary focus of the report is on the status, demand, future opportunity, forecast period, and growth opportunity. Moreover, the survey report focuses on the development, manufacturing companies, key market, investors, and the cost capital. The objective of the study of the Near Field Communication (NFC) Chips Market gives a proper idea of the market present scenario so that each and every enterprise or manufacturer will not experience the issues that occur due to the lack of information.
The study objectives of this report are continuously involved in the research of the profile of key players that are established in recent times to keep the record updated. To keep the growth rate very smooth and stable, the research team carefully go through the manufacturing company’s strategy & planning of development and then analyze them for growth opportunity.
The professional study and research report consider the growth that is estimated according to the market size every year.
Global Near Field Communication (NFC) Chips Market was valued at USD 4.26 billion in 2017 and is expected to reach USD 11.76 billion by the end of the forecast period at a CAGR of 18.86%.
The rise in number of digital transactions globally is leading to the increased demand for Near Field Communication (NFC) Chips Market. Furthermore, its advantages including cost and time reduction is further adding to the growth of the Near Field Communication (NFC) Chips Market. Growing need for speedy transactions is also creating demand for NFC where retailers can serve their customers quickly and efficiently. Moreover, government initiatives towards a transparent cashless economy have helped the Near Field Communication (NFC) Chips Market to grow at a higher pace globally.
The report has profiled some of the Important players prevalent in the global like – The key players in the Near Field Communication (NFC) Chips Market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Intel Corporation (US), Verifone Systems, Inc. (US), MStar Semiconductor, Inc. (Taiwan), Broadcom Corporation (US), STMicroelectronics (Switzerland), Qualcomm, Inc. (US), NXP Semiconductors (Netherlands), Ingenico Group (France), SAMSUNG (South Korea), and Marvell Technology Group Ltd (Bermuda). These players contribute a major share in the growth of Near Field Communication (NFC) Chips Market.
Apart from the top key players, other players contribute to the market growth. These include Murata Manufacturing Co. (Japan), Media Tek, Inc. (Taiwan), Giesecke & Devrient GmbH (Germany), Renesas Electronics Corporation (Japan) and Texas Instruments (US), and others.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the NFC Chip.
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The Near Field Communication (NFC) Chips Market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of Near Field Communication (NFC) Chips Market has been done for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and South America). North America is expected to hold a significant share of the Near Field Communication (NFC) Chips Market during the forecast period followed by Europe. Adoption of advanced technologies, digitization and high adoption rate of digital payments coupled with high ownership of smartphones and internet penetration are some of the major factors driving the Near Field Communication (NFC) Chips Market in North America.
A large number of government initiatives implemented in many countries such as India and Japan for promoting cashless transactions is leading to the demand for NFC chips in the Asia-Pacific region. Also, technological advancements such as a rapid increase in smartphone adoption and contactless payment are further boosting up the growth of NFC chips market. NFC enables consumers to have a better connection with stores and offers which improves customer satisfaction and the retailers in return have better consumer insights which help them to serve better. Therefore, it widely being adopted in the retail sector. Thus, Asia-pacific is expected to grow at the highest CAGR during the forecast period.
Near Field Communication (NFC) Chips Market Manufacturers
Near Field Communication (NFC) Chips Market Distributors/Traders/Wholesalers
Near Field Communication (NFC) Chips Market Subcomponent Manufacturers
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