NFC Chip Market Key Players, Share, Future Perspective, Emerging Technologies And Analysis By Forecast | Impact of COVID-19

 Market Overview

The NFC chip market was valued at $4.26 billion in 2017, and it is expected to reach $11.76 billion by registering a CAGR of 18.86% in 2023. NFC of near field communication is a wireless technology used to make life easier and convenient for the customers by allowing them to exchange transactions, digital content, and connection with different electronic devices. It is mainly applied in smartphones, tablets, laptops for data exchange. This technology is used for payment applications, marketing, and many other ticketings, gaming, identity & access, and mobile marketing.

Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7723 

The rapid technological developments in the world have increased the demand for NFC functions. Additionally, the retail sectors adopt the NFC transaction that saves the cost of the stores. Increasing mobile commerce trends are also boosting the growth of the NFC chip market. Further, smartphone users have been using NFC for transactions. The collaboration of mobile applications to enable the consumers to carry out business needs boosts the NFC chip market demand. The adoption of NFC chip market wearable has become an important aspect for increasing the market's growth as well. The market will show significant growth in the near future due to the high demand for NFC chips.

Market Segmentation

The NFC Chip Market Trends is segmented based on product type, end-user, and region. The market is further carried out based on type into NFC tags, NFC readers, and antennas. The NFC readers segment accounted for the highest NFC chip market share in 2019, and it is expected to dominate in the coming years. This is due to the increasing use of NFC readers in authentication and access control, mass transit, payments, and attendance check.

The end-user segment is further divided into retail, automation, transportation, commercial & residential, and consumer electronics. The consumer electronics segment accounted for the highest share In 2019 and is expected to dominate the market in the coming years, owing to the emergence of innovative consumer electronics products that involve NFC technology. On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and the rest of the world.

Regional Analysis

The major regions in the NFC chip market are North America, Asia Pacific, Europe, and the rest of the world. Asia Pacific region will witness the highest growth during the forecast period owing to the increased adoption and awareness of NFC technology in the retail and transportation sector. Additionally, the high penetration of smartphones in big countries like China and India will drive the growth of the near-field communication market in this region. Additionally, the market will also show significant growth in the North American region due to economic development and strong key players. The European region will also witness growth in the market.

Industry News

  • In 2020 June, MasterCard, Xiaomi, and NXP semiconductors announced that they are bringing a more secure, convenient, and contactless experience.
  • In February 2019, the NXP semiconductors collaborated with Felica Networks to strengthen the mobile ticketing and payment ecosystem.

Get Complete Report @ https://www.marketresearchfuture.com/reports/nfc-chip-market-7723

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Media Contact:

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com 

Website: https://www.marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Intelligent Sensor Market Size, Share, Competitive Analysis, Research Methodology, Rapid Growth and Fast Forward Research till 2027 | Impact of COVID-19

  Market synopsis According to MRFR, the Global Intelligent Sensor Market Size 2020, is poised to develop from USD 18 billion in 2017, to USD 47.20 billion by 2023, at a CAGR of 18.20% during the forecast period. Market Highlights The key factors driving the growth of smart sensor markets are the growing use of sensors in various vertical industries, such as consumer electronics , automotive, logistics, defense and healthcare. For intelligent devices, the sector such as telecommunications, data processing, and electronics is approaching because a large amount of energy is being saved. The automobile industry has seen tremendous successes, from the manual transmission to fully automated vehicles. The new trend is the driverless car, and with the aid of an intelligent sensor, key players like Google Inc, Volvo, Toyota and Mercedes create less car for the drivers. Of which the market is dominated by the LiDAR and vision base sensor. At the end of 2023 the driverless car is expected to be
Read more

Screenless Display Market Growth, Future Scope, Challenges, Opportunities, Trends, Outlook And Forecast To 2027 | Impact of COVID-19

  Market Highlights In this rapidly changing world of technology, screenless display market is projected to show major growth prospects during the forecast period. Major factor driving the screenless display market is the increasing adoption of interactive displays in order to enhance customer service experience. Changing consumer preferences is another major factor responsible for driving the growth of screenless display market. The global  Screenless Display Market Size  is expected to grow at approx. USD 1,654 Million by 2023, at 32% of CAGR between 2018 and 2023. The global screenless display market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the screenless display market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of screenless display market. This is owing to the presence
Read more

Organic Semiconductor Market Trends, Size, Segments, Emerging Technologies and Market Growth by Forecast to 2027 | Impact of COVID-19

  The global organic semiconductor market is growing rapidly. The market rise attributes to the increasing uses of organic semiconductors in organic photovoltaic (OPV), OLED lighting, printed batteries, organic RFID tags, and display applications. Besides, the rising production of electronic components, such as light-emitting diodes, solar cells, and transistors, increases the organic semiconductor market size. With the rising demand for organic semiconductors and nanomaterials, the market is projected to witness significant traction in the future. In this regard Market Research Future (MRFR) states that the global organic semiconductor market is poised to garner exponential valuation by 2027, registering an impressive CAGR during the assessment period (2020–2027).  Get Sample of Report @  https://www.marketresearchfuture.com/sample_request/8069 Miniaturized Organic Semiconductors are Trending Over the last couple of years,  Organic Semiconductor Market Forecast  has evolved dramatical
Read more