NFC Chips Market Is Predicted To Reach US$ 7.6 Billion By 2033

NFC chip market is forecasted to surge at a CAGR of 15% to reach a market size of US$ 7.6 billion by the end of 2033.

The global NFC chip market is valued at US$ 1.9 billion in 2023 and is forecasted to surge at a CAGR of 15% to reach a market size of US$ 7.6 billion by the end of 2033.

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global NFC Chip market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.

Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the NFC Chip market.

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Key findings of the NFC Chip market study:

  • Regional breakdown of the NFC Chip market based on predefined taxonomy.
  • Innovative manufacturing processes implemented by NFC Chip vendors in detail.
  • Region-wise and country-wise fragmentation of the NFC Chip market to grasp the revenue, and growth outlook in these areas.
  • Changing preferences among consumers across various regions and countries.
  • Factors (Positive and Negative) impacting the growth of the global NFC Chip market.

Key Companies Profiled

  • Broadcom Inc.
  • HID Global
  • Intel Corporation
  • Infineon Technologies AG
  • Marvell Technology, Inc.
  • MediaTek Inc.
  • Nordic Semiconductor
  • NXP Semiconductors N.V.
  • Qualcomm Technologies, Inc.
  • Renesas Electronics Corporation
  • Samsung Electronics Co., Ltd.
  • Sony Corporation
  • STMicroelectronics N.V.
  • Texas Instruments Incorporated

Competitive Landscape

According to Fact.MR, a market research and competitive intelligence provider, several key players in the NFC chip market are constantly developing and launching new products to meet the growing demand for NFC technology. These new products often feature advanced security, better performance, and lower power consumption.

  • NTAG 22x DNA, a new generation of NFC tags with tamper-detection and condition-monitoring functions on a single chip, was introduced by NXP Semiconductors in May 2022.

Key Segments Covered in NFC Chip Industry Research

  • By Product Type :
    • Auxiliary
    • Non-auxiliary
  • By Storage Capacity :
    • Up to 64 Bytes
    • 65 to 168 Bytes
    • 169 to 180 Bytes
    • 181 to 540 Bytes
    • Above 540 Bytes
  • By Application :
    • Smartphones
    • Laptops & Notebooks
    • Smart Cards
    • Televisions
    • Point-of-Sale Systems
    • Medical Devices
    • Vehicles
    • Smart Wearables
  • By End-use Industry :
    • Automotive & Transportation
    • Consumer Electronics
    • Retail
    • BFSI
    • Healthcare
    • Building & Infrastructure
    • Media & Entertainment
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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Queries addressed in the NFC Chip market report:

  • Why are the NFC Chip market players targeting region for increased product sales?
  • What patented technologies are the players utilizing in the global NFC Chip market?
  • Which regions are displaying the fastest growth in the NFC Chip market?
  • What are the underlying micro- macroeconomic factors affecting the global NFC Chip market?

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