Near Field Communication (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 2025 To 2030

Near Field Communication (NFC) Chips Market Size:

The Near Field Communication (NFC) chips market is set to surge from USD 3.934 billion in 2025 to USD 6.763 billion in 2030, achieving an 11.45% CAGR.

NFC or near-field communication is a chip is made up of small storage memory, radio chip, and an antenna and evolved from radio-frequency identification (RFID) technology. It enables laptops, smartphones, and other related digital devices to share and send data with other NFC-equipped devices easily.

This form of short-range wireless connectivity has made life convenient and easier for consumers across the globe by enabling the simpler exchange of digital content, transactions, and connection with different electronic devices. As such, the market for NFC chips is expected to proliferate during the forecast period. The current trends of smartphone usage, mobile internet, digital payment gateways, marketing, ticketing, identity & access, and gaming will aid the market to advance further.

Near Field Communication (NFC) Chips Market Segment Analysis:

By industry, the consumer electronics segment is expected to grow at a significant rate due to the emergence of innovative consumer electronics products that integrate NFC technology. Geographically, the Asia-Pacific region is presumed to harness the fastest growth owing to the emergence of a robust semiconductor market and dependence on consumer electronics.

Near Field Communication (NFC) Chips Market Growth Factors:

• Growing usage of smartphones

Smartphones are becoming a part and parcel of today's modern life. The availability of cost-effective mobile internet and the rolling out of 5G networks has augmented its usage. The latest smartphones launched into the market are enabled with NFC chips for wireless connectivity, cardless payments, gaming, etc. As the purchasing power of the people rises coupled with urbanization, the market for NFC chips has a high potential for expansion and proliferation.

• Convenience and contactless payments

Wireless forms of connectivity modes are surging in the market during the current times, especially after the hit of the Covid-19 pandemic. The rise and growth in the adoption of advanced and innovative contactless technology are growing at a significant rate as consumers and customers have been looking for convenient, and secure, ways to generate pay, unlock and start connecting with the world around them. Along with it, the national policies formulated to encourage digital payment are creating a conducive environment for the market to expand and explore. The simplicity and convenience associated with NFC tags have further assisted consumers to avail such technologies.

Near Field Communication (NFC) Chips Market Restraints:

Though the market for NFC Chips is mounting possibilities in the current period, factors like short operational range and security concerns may dampen the growth of the market during the market forecast period.

Near Field Communication (NFC) Chips Market Competitive Insights:

The market leaders for the Global NFC Chips Market are Qualcomm Technologies Inc., NXP Semiconductors, STMicroelectronics, Infineon Technologies, Renesas Electronics Corporation, and Toshiba. The imperative firms in the market have been introducing several strategies such as product launches, etc. to develop a competitive edge over their respective rivals. For instance,

Market Segmentation:

• By Application
  • Authentication
  • Access Control
  • Payment
  • Others
• By Industry
  • Retail
  • Healthcare
  • Consumer Electronics
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Australia
    • Japan
    • South Korea
    • India
    • Thailand
    • Taiwan
    • Indonesia
    • Others

Qualcomm Technologies Inc.

NXP Semiconductors

STMicroelectronics

Infineon Technologies 

Renesas Electronics Corporation

Toshiba

Samsung