NFC Chips Market Share Forecast To Witness Considerable Growth from 2020 To 2030

NFC Chips Market: Introduction

Transparency Market Research delivers key insights on the global NFC chips market. In terms of revenue, the global NFC chips market is estimated to expand at a CAGR of 7.5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global NFC chips market.

The global NFC chips market is broadly affected by several factors, including rise in demand for NFC chips among consumer electronics manufacturers, and government initiatives and subsidies coupled with rising applications in various sectors. Thus, expanding application of NFC chips in different sectors is propelling the global market for NFC chips.

Major Key Players of the NFC Chips Market are:
NXP Semiconductors B.V., Broadcom Inc., Texas Instruments Inc., Qualcomm Inc., Samsung Electronics Co., Ltd., MediaTek Inc., STMicroelectronics N.V., AMS AG, Sony Corporation, and Marvell Technology Group Ltd.

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Global NFC Chips Market: Segmentation

NFC Chips Market, by Product Application

• Smartphone
• Television
• Medical Equipment
• Cars
• Others

NFC Chips Market, by Storage Capacity

• 64 Bytes
• 168 Bytes
• 180 Bytes
• 540 Bytes
• Others

NFC Chips Market, by End User

• Consumer Electronics
• Automotive
• Retail
• Medical
• Aviation
• Others

NFC Chips Market: Overview

• According to Transparency Market Research’s latest research report on the global NFC chips market for the historical period 2018–2019 and the forecast period 2020–2030, rise in demand for NFC chips among consumer electronics manufacturers and government initiatives and subsidies coupled with rising applications in various sectors are factors expected to boost the global NFC chips market during the forecast period
• In terms of revenue, the global NFC chips market is estimated to exceed a value of US$ 5.6 Bn by 2030, expanding at a CAGR of 7.5% during the forecast period

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NFC Chips Market: Key Developments

• Key providers of NFC chips, such as NXP Semiconductors B.V., Broadcom Inc., and Texas Instruments Inc. are focusing on the construction of cost-effective NFC chips to attract more customers supported by mergers and acquisitions, market strategies, and investments. Some other key developments in the global NFC chips market are highlighted below:
• In June 2018, NXP completed the sale of 24% of its equity interest in WeEn to Tianjin Ruixin Semiconductor Industry Investment Centre LLP, receiving US$ 32 Mn in cash proceeds. On December 31, 2018, NXP transferred the remaining holding to other current assets due to the intended sale of the remaining interest in WeEn.
• In April 2019, Texas Instruments Inc. announced that it is investing US$ 3.1 Bn in a North Richardson wafer fabrication facility. The technology company has been in negotiations with local taxing entities since August 2019 on the expansion project, which is located alongside an existing Texas Instruments fabrication facility.
• In the global NFC chips market report, we have discussed individual strategies, followed by company profiles of providers of NFC chips. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global NFC chips market.

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