Smartphones have become an integral component of the lives of today's consumers. Consumers are using their cell phones to make quicker and faster payments in addition to traditional ways of communication. NFC is a convenient means of payment as it combines a consumer's mobile device with their wallet. It allows users to conduct mobile transactions, trade digital material quickly, and link their devices to other devices by touch. As a result, the number of devices equipped with NFC technology is growing, which helps in gaining the expansion and popularity of NFC technology in emerging markets. NFC chips make user interfaces easier to use, making them more useful in consumer products. Smartphone manufacturers, such as Apple and Samsung, include NFC chips in their handsets, resulting in increased demand for NFC chips among mobile phone manufacturers. With increasing use of smartphones, penetration of NFC will also rise that will boost the growth of NFC chip market
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Global NFC Chip Market: Regional Analysis-
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2028. These analyses will help the reader to understand the potential worth of investment in a particular region. The report offers in-depth assessment of the growth and other aspects of the NFC Chip Market in important regions. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Global NFC Chip Market: Competitive Landscape
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The List of Companies - NFC Chip Market
- Broadcom Inc.
- INFINEON TECHNOLOGIES AG
- Identiv, Inc
- Intel Corporation
- NXP Semiconductors
- Qualcomm Technologies, Inc.
- Samsung Electronics Co., Ltd.
- STMicroelectronics
- Texas Instruments Incorporated
- Toshiba Corporation
Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position are explained to help make a well informed decision. Competitive landscape of Market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.
Segments-
Based on storage capacity, the NFC Chip Market is segmented as 64 bytes, 168 bytes, 180 bytes, and 540 bytes. The NFC chips with low storage capacity are used for inventory management, supply chain management, asset tracking, and automation in ticketing and anti-counterfeiting. The NFC chips with high storage capacity, such as 180 bytes and 540 bytes, have high read/write endurance and can retain up to 50 years’ worth of data. They also support SUN (secure unique NFC message), which enables and simplifies many applications involving security and encryption such as advanced anti-counterfeiting, secured sensitive data applications, secure login, and authentication.
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