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Global NFC Chips Market Size, Share, Opportunities And Trends By Application (Authentication, Access Control, Payment, Others), By Industry (Retail, Healthcare, Consumer Electronics, Others), And By Geography - Forecasts From 2019 To 2024

Published: Mar 2020 | Report Code:  KSI061611365 | Pages:  114

NFC chips market was valued at US$2.802 billion in 2017 and is projected to expand at a CAGR of 24.15% over the forecast period to reach US$10.259 billion by 2023. Increasing application of NFC chips across various consumer electronics products is significantly driving the market growth. Increasing penetration of smartphones in developing economies coupled with supportive government initiatives and policies for cashless payments is further boosting the demand for these chips during the forecast period. Geographically, APAC holds a significant opportunity for NFC chip manufacturers on account of rising smartphone sales in countries like India and China and booming consumer electronics manufacturing in the region.  

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the NFC chips value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the NFC Chips market.

Major industry players profiled as part of the report are Qualcomm Technologies Inc., NXP Semiconductors, and STMicroelectronics among others.

Segmentation

NFC chips market has been analyzed through following segments:

 By Application

Authentication

Access Control

Payment

Others

 

 By Industry

Retail

Healthcare

Consumer Electronics

Others

 

 By Geography

North America

 U.S.

 Canada

 Mexico

 Others

 

South America

 Brazil

 Others

 

Europe

 UK

 Germany

 France

 Others

 

Middle East and Africa

 Saudi Arabia

 UAE

 Israel

 Others

 

Asia-Pacific

 Japan

 China

 India

 Australia

 

 Others

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