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Contactless Payments Favorable to the Global NFC Market Growth

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Contactless Payments Favorable to the Global NFC Market Growth

May 30
21:15 2022
Contactless Payments Favorable to the Global NFC Market Growth
The Global NFC Market
According to the recent market research report by Inkwood Research, the Global Near Field Communication (NFC) Chips Market is expected to rise with a CAGR of 11.78% during the forecast years between 2022 to 2030, and is set to generate $9309.52 million in revenues by 2030.

Browse 53 market data Tables and 47 Figures spread over 248 Pages, along with in-depth analysis of the Global Near Field Communication (NFC) Chips Market by Product, by Application, by End-User, & by Geography.

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis with input from industry professionals across the value chain.

 

Global Near Field Communication (NFC) Chips Market Scenario

A near-field communication chip (NFC chip) consists of an integrated circuit (IC) or silicon component used in various ways, depending on the application. Being connected to an appropriate antenna enables wireless and short-range communication between devices. The chip also provides additional security communication with NFC is possible only among the devices within proximity.

Moreover, NFC chips are swiftly gaining popularity due to the increasing use of contactless payments through electronic gadgets. Most electronic devices, including smartphones and laptops, have inbuilt NFC chips. For instance, Google Nexus phones, BlackBerry, and HTC mobile devices are equipped with NFC chips. In these devices, NFC chips enable encrypted communication among devices and ensure the security of the stored data.

Further, mobile contactless payment has also given a huge boost to the NFC chip market. Smartphones are now equipped with NFC chips which can be used for making contactless payments. There is an increase in NFC-enabled transactions due to the benefits offered by this technique.

The Global Near Field Communication (NFC) Chips Market report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for the Global Near Field Communication (NFC) Chips Market by Product, by Application, by End-User & by Geography: https://inkwoodresearch.com/reports/global-near-field-communication-nfc-chips-market-forecast-2019-2027/#request-free-sample

 

Market Segmentation

Market by Application:

  • Smartphone
  • Television
  • Medical Equipment
  • Other Applications

Market by Product:

  • Non-Auxiliary
  • Auxiliary

Market by End-User:

  • Medical
  • Retail
  • Banking and Finance
  • Consumer Electronics
  • Automotive
  • Other End-Users

 

 

Report Highlights

– The report provides a detailed analysis of the current and future market trends to identify the investment opportunities

– Market forecasts till 2030, using estimated market values as the base numbers

– Key market trends across the business segments, regions, and countries

– Key developments and strategies observed in the market

– Market dynamics such as drivers, restraints, opportunities, and other trends

– In-depth company profiles of key players and upcoming prominent players

– Growth prospects among the emerging nations through 2030

 

 

Companies Profiled

  • NXP SEMICONDUCTORS NV
  • BROADCOM INC
  • MURATA MANUFACTURING CO LTD
  • MEDIATEK INC
  • MARVELL TECHNOLOGY INC
  • QUALCOMM INCORPORATED
  • MSTAR SEMICONDUCTOR
  • TEXAS INSTRUMENTS INCORPORATED
  • TOSHIBA CORPORATION
  • EM MICROELECTRONIC-MARIN SA
  • VERIMATRIX (FORMERLY INSIDE SECURE)
  • STMICROELECTRONICS NV
  • SAMSUNG ELECTRONICS CO LTD
  • RENESAS ELECTRONICS CORPORATION
  • SONY CORPORATION

 

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GLOBAL INTERACTIVE KIOSK MARKET – The global interactive kiosk market is estimated to surge at a CAGR of 5.93%during the forecast period, 2018-2026.

Media Contact
Company Name: Inkwood Research
Contact Person: Arvind Iyer
Email: Send Email
Phone: 1-(857) 293-0150
Country: United States
Website: https://www.inkwoodresearch.com/