Authored By: Sarah
08 Mar 2022

Near Field Communication Chips Market will Post a CAGR of Nearly 13% During the Period 2021-2025

 Key Drivers and Market Trends

The Global Near field communication chips market is likely to grow by $ 2.20 billion, accelerating at a CAGR of 12.53% till 2025. Several factors such as Increased penetration of smartphones and will drive market growth. This research report lists all the growth drivers that are likely to boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth. The goal of this research report is to furnish clients with insights that will help them leverage growth opportunities to implement business growth.


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Near Field Communication Chips | Market Size to Grow by $ 2.20 Billion During 2021-2025 | Top Drivers and Related Markets

Near Field Communication Chips Market: Segments and Geographical Regions

  • This report segments the market Product (smartphones, smart wearables, POS terminals, and others) and Geography (APAC, North America, Europe, South America, and MEA).  
  • 62% of the market growth will originate from APAC during the forecast period. 
  • This research report will provide insights into the current market share of each segment along with growth projections for the next five years. Request our Free Sample Report

Near Field Communication Chips Market: Vendor Analysis

  • The market is concentrated due to the presence of several players. 
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 
  • Infineon Technologies AG, Intel Corp., Marvell Technology Group Ltd., MediaTek Inc., NXP Semiconductors NV, Qualcomm Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., STMicroelectronics NV., and Texas Instruments Inc. are some of the major market participants. 

Market Segmentation by Product

    • Near Field Communication Chips Market Split by Product
      • Smartphones
      • Smart wearables
      • POS terminals
      • Others
    • Near Field Communication Chips Market Split by Geography
      • APAC
      • North America
      • Europe
      • South America
      • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Infineon Technologies AG
  • Intel Corp.
  • Marvell Technology Group Ltd.
  • MediaTek Inc.
  • NXP Semiconductors NV
  • Qualcomm Inc.
  • Renesas Electronics Corp.
  • Samsung Electronics Co. Ltd.
  • STMicroelectronics NV.
  • Texas Instruments Inc.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report

Explore Technavio’s Research on other Related Markets for more insights:

  • Payment Gateways Market: The Global Payment gateways market is projected to grow by $ 6.11 billion, accelerating at a CAGR of almost 11.47% till 2025.
  • Contactless PoS Terminals Market: The Global Contactless POS terminals market is projected to grow by $ 5.55 billion, accelerating at a CAGR of almost 15.56% till 2024.
  • Wearable Technology Market: Technavio research projects the wearable technology market to grow by $35.48 billion, accelerating at a CAGR of over 13% till 2025.
  • EMV POS Terminal Market in US: Technavio’s EMV POS Terminal Market In US is set to grow by $ 512.79 million, and the market will progress at a CAGR of almost 8% till 2025.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of 12.53%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 2.20 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Increased penetration of smartphones will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    62% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Infineon Technologies AG, Intel Corp., Marvell Technology Group Ltd., MediaTek Inc., NXP Semiconductors NV, Qualcomm Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., STMicroelectronics NV., and Texas Instruments Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (smartphones, smart wearables, POS terminals, and others) and Geography (APAC, North America, Europe, South America, and MEA)
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