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Near Field Communication (NFC) Chips - Global Strategic Business Report

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    Report

  • 221 Pages
  • November 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140248
The global market for Near Field Communication (NFC) Chips was estimated at US$5.4 Billion in 2023 and is projected to reach US$11.9 Billion by 2030, growing at a CAGR of 11.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

What Are Near Field Communication (NFC) Chips and Why Are They Important?

Near Field Communication (NFC) chips are short-range wireless communication devices that enable contactless communication between two electronic devices when they are brought within close proximity, typically within a few centimeters. These chips are widely used in applications such as mobile payments, access control, contactless ticketing, and device pairing. NFC chips are embedded in smartphones, credit cards, smartwatches, and other wearables, enabling secure and fast transactions or data exchanges with just a tap or wave. They play a crucial role in the development of contactless technologies that are now becoming an integral part of everyday life.

The significance of NFC chips lies in their convenience, security, and versatility. They enable seamless payment experiences, reduce the need for physical contact in transactions, and offer enhanced data encryption for secure communications. NFC technology has revolutionized mobile payments, making it a preferred choice for both consumers and retailers due to its ease of use. As more industries adopt contactless solutions in response to consumer demand for faster, safer transactions, NFC chips are becoming increasingly important in the digital economy.

How Is the NFC Chips Market Advancing?

The NFC chips market is advancing rapidly due to the rising demand for contactless payment solutions and the proliferation of smart devices. One of the key trends shaping the market is the integration of NFC chips in a wide range of devices, including smartphones, smartwatches, and IoT devices. This widespread integration is driving the adoption of NFC technology in mobile payments, enabling users to make secure, contactless transactions using their mobile devices. With the rise of digital wallets like Apple Pay, Google Pay, and Samsung Pay, the demand for NFC-enabled devices is growing.

Another important trend is the increasing use of NFC chips in access control and identity verification. NFC technology is being deployed in secure access systems for offices, hotels, and transportation services, allowing users to gain entry with a simple tap of their NFC-enabled card or smartphone. Additionally, NFC is being used in public transport systems for contactless ticketing, offering passengers a more convenient and hygienic way to pay for their journeys. The expansion of IoT is further driving the use of NFC chips, as they provide a low-power, secure way for devices to communicate and exchange data in smart homes and smart cities.

Which Applications Are Driving the Adoption of NFC Chips?

NFC chips are being widely adopted in several key applications, with mobile payments leading the way. The integration of NFC chips in smartphones and smartwatches allows consumers to make contactless payments at retail stores, restaurants, and public transport systems, reducing the need for cash or physical credit cards. The rise of digital wallets and the global shift towards cashless economies are driving the widespread adoption of NFC technology in the financial sector.

In addition to payments, NFC chips are increasingly used in access control systems for buildings, vehicles, and secure facilities. NFC-enabled keycards and smartphones are replacing traditional keys and access codes, offering a more secure and convenient way to manage entry points. NFC is also gaining traction in healthcare, where it is used for patient identification, medical record management, and drug authentication. Furthermore, NFC chips are used in marketing and advertising, where they enable interactive experiences for consumers by allowing them to access additional product information or promotional offers with a simple tap.

What Are the Key Growth Drivers in the NFC Chips Market?

The growth in the NFC chips market is driven by several key factors, with the increasing adoption of contactless payments being the most significant driver. As consumers and businesses alike embrace cashless transactions, the demand for NFC-enabled devices is surging. Another important driver is the growing demand for secure and convenient access control systems in corporate offices, hotels, and transportation services. NFC technology offers a reliable solution for managing secure entry, driving its adoption in these sectors.

The rise of IoT and smart home technologies is also fueling demand for NFC chips, as they provide a seamless and secure way for devices to communicate and authenticate users. Additionally, the increasing penetration of smartphones and wearable devices, combined with the expansion of digital wallet services, is contributing to the growth of NFC chips. The push for contactless solutions in response to the COVID-19 pandemic has accelerated the adoption of NFC technology, further boosting the market as consumers and businesses seek safer, more hygienic ways to interact and transact.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the NFC Chips for Smartphones segment, which is expected to reach US$5.8 Billion by 2030 with a CAGR of a 12.0%. The NFC Chips for Smart Wearables segment is also set to grow at 13.3% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, which was valued at $1.5 Billion in 2023, and China, forecasted to grow at an impressive 11.2% CAGR to reach $1.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Near Field Communication (NFC) Chips Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Near Field Communication (NFC) Chips Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Near Field Communication (NFC) Chips Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Infineon Technologies AG, NXP Semiconductors NV, Qualcomm Technologies, Inc., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 38 Featured):

  • Infineon Technologies AG
  • NXP Semiconductors NV
  • Qualcomm Technologies, Inc.
  • Renasas Electronics Corporation
  • STMicroelectronics NV
  • Toshiba Corp.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • Near Field Communication (NFC) Chips - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rising Demand for Contactless Payment Solutions Drives Growth in NFC Chip Adoption Across Retail and E-Commerce Sectors
  • Increasing Integration of NFC Chips in Smartphones Expands Market for Mobile Payments and Secure Transactions
  • Technological Advancements in NFC Chipsets Propel Growth in Wearable Devices and Smart Accessories for Contactless Interaction
  • Growing Use of NFC Chips in Smart Cards and ID Verification Expands Opportunities in Public Transportation and Access Control
  • Rising Adoption of NFC Chips for Smart Home Applications Strengthens Demand in Consumer Electronics and IoT Devices
  • Emerging Focus on NFC-Enabled Healthcare Solutions Propels Growth in Medical Devices for Patient Monitoring and Data Sharing
  • Increasing Use of NFC Chips in Retail for Product Authentication and Inventory Management Expands Market for NFC-Enabled Solutions
  • Advancements in Low-Power NFC Chip Technology Drive Growth in IoT Devices for Energy-Efficient Wireless Communication
  • Growing Integration of NFC Chips in Automotive Systems Expands Market for Keyless Entry and Vehicle Authentication Solutions
  • Rising Focus on NFC in Marketing and Loyalty Programs Propels Demand for NFC-Enabled Contactless Communication in Advertising
  • Increasing Adoption of NFC Chips in Smart Packaging Expands Opportunities in Product Traceability and Anti-Counterfeiting
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Near Field Communication (NFC) Chips Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Near Field Communication (NFC) Chips by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 3: World 7-Year Perspective for Near Field Communication (NFC) Chips by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Smartphones by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 5: World 7-Year Perspective for Smartphones by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 6: World Recent Past, Current & Future Analysis for Smart Wearables by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 7: World 7-Year Perspective for Smart Wearables by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for POS Terminals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 9: World 7-Year Perspective for POS Terminals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 11: World 7-Year Perspective for Other Product Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Near Field Communication (NFC) Chips Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Table 12: USA Recent Past, Current & Future Analysis for Near Field Communication (NFC) Chips by Product Type - Smartphones, Smart Wearables, POS Terminals and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 13: USA 7-Year Perspective for Near Field Communication (NFC) Chips by Product Type - Percentage Breakdown of Value Sales for Smartphones, Smart Wearables, POS Terminals and Other Product Types for the Years 2024 & 2030
CANADA
  • Table 14: Canada Recent Past, Current & Future Analysis for Near Field Communication (NFC) Chips by Product Type - Smartphones, Smart Wearables, POS Terminals and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 15: Canada 7-Year Perspective for Near Field Communication (NFC) Chips by Product Type - Percentage Breakdown of Value Sales for Smartphones, Smart Wearables, POS Terminals and Other Product Types for the Years 2024 & 2030
JAPAN
  • Near Field Communication (NFC) Chips Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Table 16: Japan Recent Past, Current & Future Analysis for Near Field Communication (NFC) Chips by Product Type - Smartphones, Smart Wearables, POS Terminals and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 17: Japan 7-Year Perspective for Near Field Communication (NFC) Chips by Product Type - Percentage Breakdown of Value Sales for Smartphones, Smart Wearables, POS Terminals and Other Product Types for the Years 2024 & 2030
CHINA
  • Near Field Communication (NFC) Chips Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Table 18: China Recent Past, Current & Future Analysis for Near Field Communication (NFC) Chips by Product Type - Smartphones, Smart Wearables, POS Terminals and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 19: China 7-Year Perspective for Near Field Communication (NFC) Chips by Product Type - Percentage Breakdown of Value Sales for Smartphones, Smart Wearables, POS Terminals and Other Product Types for the Years 2024 & 2030
EUROPE
  • Near Field Communication (NFC) Chips Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Table 20: Europe Recent Past, Current & Future Analysis for Near Field Communication (NFC) Chips by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 21: Europe 7-Year Perspective for Near Field Communication (NFC) Chips by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
  • Table 22: Europe Recent Past, Current & Future Analysis for Near Field Communication (NFC) Chips by Product Type - Smartphones, Smart Wearables, POS Terminals and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 23: Europe 7-Year Perspective for Near Field Communication (NFC) Chips by Product Type - Percentage Breakdown of Value Sales for Smartphones, Smart Wearables, POS Terminals and Other Product Types for the Years 2024 & 2030
FRANCE
  • Near Field Communication (NFC) Chips Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • Table 24: France Recent Past, Current & Future Analysis for Near Field Communication (NFC) Chips by Product Type - Smartphones, Smart Wearables, POS Terminals and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 25: France 7-Year Perspective for Near Field Communication (NFC) Chips by Product Type - Percentage Breakdown of Value Sales for Smartphones, Smart Wearables, POS Terminals and Other Product Types for the Years 2024 & 2030
GERMANY
  • Near Field Communication (NFC) Chips Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • Table 26: Germany Recent Past, Current & Future Analysis for Near Field Communication (NFC) Chips by Product Type - Smartphones, Smart Wearables, POS Terminals and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 27: Germany 7-Year Perspective for Near Field Communication (NFC) Chips by Product Type - Percentage Breakdown of Value Sales for Smartphones, Smart Wearables, POS Terminals and Other Product Types for the Years 2024 & 2030
ITALY
  • Table 28: Italy Recent Past, Current & Future Analysis for Near Field Communication (NFC) Chips by Product Type - Smartphones, Smart Wearables, POS Terminals and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 29: Italy 7-Year Perspective for Near Field Communication (NFC) Chips by Product Type - Percentage Breakdown of Value Sales for Smartphones, Smart Wearables, POS Terminals and Other Product Types for the Years 2024 & 2030
UNITED KINGDOM
  • Near Field Communication (NFC) Chips Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Table 30: UK Recent Past, Current & Future Analysis for Near Field Communication (NFC) Chips by Product Type - Smartphones, Smart Wearables, POS Terminals and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 31: UK 7-Year Perspective for Near Field Communication (NFC) Chips by Product Type - Percentage Breakdown of Value Sales for Smartphones, Smart Wearables, POS Terminals and Other Product Types for the Years 2024 & 2030
REST OF EUROPE
  • Table 32: Rest of Europe Recent Past, Current & Future Analysis for Near Field Communication (NFC) Chips by Product Type - Smartphones, Smart Wearables, POS Terminals and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 33: Rest of Europe 7-Year Perspective for Near Field Communication (NFC) Chips by Product Type - Percentage Breakdown of Value Sales for Smartphones, Smart Wearables, POS Terminals and Other Product Types for the Years 2024 & 2030
ASIA-PACIFIC
  • Near Field Communication (NFC) Chips Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Table 34: Asia-Pacific Recent Past, Current & Future Analysis for Near Field Communication (NFC) Chips by Product Type - Smartphones, Smart Wearables, POS Terminals and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 35: Asia-Pacific 7-Year Perspective for Near Field Communication (NFC) Chips by Product Type - Percentage Breakdown of Value Sales for Smartphones, Smart Wearables, POS Terminals and Other Product Types for the Years 2024 & 2030
REST OF WORLD
  • Table 36: Rest of World Recent Past, Current & Future Analysis for Near Field Communication (NFC) Chips by Product Type - Smartphones, Smart Wearables, POS Terminals and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 37: Rest of World 7-Year Perspective for Near Field Communication (NFC) Chips by Product Type - Percentage Breakdown of Value Sales for Smartphones, Smart Wearables, POS Terminals and Other Product Types for the Years 2024 & 2030
IV. COMPETITION

Companies Mentioned

  • Infineon Technologies AG
  • NXP Semiconductors NV
  • Qualcomm Technologies, Inc.
  • Renasas Electronics Corporation
  • STMicroelectronics NV
  • Toshiba Corp.

Table Information