Near Field Communication Chips (NFC) Market 2022 Analysis by Recent Developments- NXP Semiconductors, Broadcom Corporation, Texas Instruments, Qualcomm, STMicroelectronics

The Near Field Communication Chips (NFC) Market 2022 provides a unique tool for evaluating the Market highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Near Field Communication Chips (NFC) Market forecast 2028.

The NFC market is expected to grow from USD 18.0  billion in 2020 to USD 34.9 billion by 2025, at a CAGR of 14.2%.

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Top Key Players are:

NXP Semiconductors, Broadcom Corporation, Texas Instruments, Qualcomm, STMicroelectronics, MediaTek, Mstar Semiconductor, AMS, Sony Corporation, Marvell technology Group

Recent Developments

In June2020, NXP Semiconductors, Mastercard, and Xiaomi Inc. announced they are bringing more convenient and secure contactless experiences to Russia as the first phase of a European-wide roll-out with NXP's mobile wallet solution. Powering mobile payments for Xiaomi's Mi Smart Band 4 NFC wearable devices, NXP's mWallet 2GO supports an accelerated roll-out across Europe by addressing OEMs' needs for easy yet secure and scalable, wallet implementations. It also addresses user demands to quickly enable payment devices by digitizing their bank cards and experience smooth NFC transactions at the Point-of-Sale.

In February 2019, NXP Semiconductors collaborated with FeliCa Networks, Inc. to strengthen the mobile payment and ticketing ecosystem as part of Japan's preparation for worldwide events in the future. NXP's new GlobalPlatform-based solution, PN81 series supports and integrates FeliCa, EMVCo, mobile transit MIFARE in a single solution to allow smartphones and other mobile devices to conveniently bridge mobile payments in Japan and across borders, and feature mobile ticketing, access control, and loyalty programs. The NXP PN81 series with FeliCa support features near field communication (NFC), embedded secure element (eSE) technology, and supports worldwide security standards such as GlobalPlatform to help unlock the potential of secure, seamless transaction and access use cases

In February 2018, NXP Semiconductors announced breakthroughs in GSMA-compliant eSIM solutions that radically make it easier for device manufacturers to bring consumers remote SIM provisioning and over-the-air updates with multiple Mobile Network Operator (MNO) subscriptions. The new NXP SN100U is the world's first, single-die chipset featuring an embedded Secure Element (SE), Near Field Communications (NFC), and eSIM for added advanced functionality, cellular connectivity, and security.

In February 2018, NXP Semiconductors announced that Garmin International, Inc., a unit of Garmin Ltd., has chosen NXP's PN80T embedded Secure Element (SE) and Near Field Communications (NFC) solution for the recently launched vívoactive three and Forerunner 645 Music featuring contactless payment capabilities. With NXP's embedded Secure Element technology and innovative Loader Service provisioning solution, Garmin can easily and quickly deploy Garmin PayTM in their products without compromising security.

Market Overview:

Near field communication (NFC) is a short-range wireless connectivity technology that makes life convenient and easier for consumers across the globe by enabling simpler exchange of the digital content, transactions, and connection with different electronic devices. It is mainly used in smartphones, laptops, and tablets for short range of data exchange (up to 10 cm or less). This technology is used for marketing and payment applications; however, it is also being used in many other applications such as chip-enabled mobile marketing, ticketing, identity & access, and gaming.

Market segment by Type, the product can be split into

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Others

Market segment by Application, split into

Consumer Electronics

Automotive

Medical

Others

Regional Analysis For Near Field Communication Chips (NFC) Market:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Near Field Communication Chips (NFC) Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the ### Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2022-2028.

Crucial Elements from the Table of Contents of Global Near Field Communication Chips (NFC) Market:

- Near Field Communication Chips (NFC) Market Overview

- Global Near Field Communication Chips (NFC) Market Competition, Profiles/Analysis, Strategies

- Global Near Field Communication Chips (NFC) Capacity, Production, Revenue (Value) by region (2017-2021)

- Global Near Field Communication Chips (NFC) Supply (Production), Consumption, Export, Import by Region (2017-2021)

- Global Near Field Communication Chips (NFC) Market Regional Highlights

- Industrial Chain, Sourcing Strategy and Downstream Buyers

- Marketing Strategy Analysis, Distributors/Traders

- Market Effect Factors Analysis

- Market Decisions with respect to present scenario

- Global Near Field Communication Chips (NFC) Market Forecast (2022-2028)

- Case Studies

- Research Findings and Conclusion

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-Includes an in-depth analysis of the Responsive Near Field Communication Chips (NFC) market of various perspectives through Porter's five forces analysis.

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-Responsive Near Field Communication Chips (NFC) Market dynamics scenario, along with growth opportunities of the market in the years to come.

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