North America Near Field Communication (Nfc) Chips Market 2022-2028

MARKET OUTLOOK

According to the publisher, the near field communication (NFC) chips market in North America is anticipated to attain a CAGR of 13.18% in revenue over the forecasting years from 2022 to 2028. The United States and Canada form the market in the studied region.

Canada’s near field communication chips market is driven by factors such as the rising adoption of NFC technology and smartphones. As per the Canadian Safety and Security Program, the use of innovative NFC passport reader technology is sponsored by the Canadian Safety and Security Program. Additionally, the NFC chips are widely used in transactions, influencing the market’s robust growth.

Furthermore, smartphones have gained significant traction across the nation. The growth in smartphone adoption has further increased the use of payment applications, leading to the use of NFC chips. As per estimates, smartphone usage has grown substantially, reaching approximately 68%. Therefore, the growing smartphone demand is another factor fueling the near field communication chips market’s growth across Canada.

Likewise, the US has witnessed a surge in the adoption of chip-based cards for payment purposes, which has increased the deployment of NFC chips. As per the government estimates, general-purpose card payments soared substantially over the past few years. This indicates the robust use of chip-based cards, boosting the near field communication chips market’s development to a large extent.

COMPETITIVE OUTLOOK

The major companies in the market are MStar Semiconductor Inc, Murata Manufacturing Co Ltd, Inside Secure SA, Broadcom Corporation, and Qualcomm Inc.

1. North America Near Field Communication (Nfc) Chips Market - Summary

2. Industry Outlook

2.1. Impact of Covid-19 on Near Field Communication (Nfc) Chips Market
2.2. Key Insights
2.2.1. Emergence of Contactless Nfc Pos
2.2.2. Emerging Nfc Applications: Smart Posters and M-Wallet
2.2.3. Fundings for Companies/Start-Ups
2.3. Timeline of Near Field Communication (Nfc) Chips
2.4. Porter's Five Forces Analysis
2.5. Market Attractiveness Matrix
2.6. Industry Components
2.6.1. Raw Materials Suppliers
2.6.2. Manufacturers
2.6.3. Distributors
2.6.4. End-Users
2.7. Regulatory Framework
2.8. Vendor Scorecard
2.9. Key Impact Analysis
2.9.1. Application
2.9.2. Price
2.9.3. Communication Speed
2.9.4. Storage
2.10. Market Attractiveness Index
2.11. Key Market Strategies
2.11.1. Acquisitions
2.11.2. Product Launches
2.11.3. Investments & Expansions
2.11.4. Contracts & Agreements
2.12. Market Drivers
2.12.1. Number of Nfc-Based Digital Transactions
2.12.2. High Penetration of Nfc-Enabled Smartphones
2.12.3. Significant Adoption of Nfc Technology in Consumer Electronics
2.13. Market Challenges
2.13.1. Easy Availability of Substitutes
2.13.2. Interoperability Issues
2.13.3. Higher Costs of Nfc Chips
2.13.4. Security Concerns Related to Data
2.14. Market Opportunities
2.14.1. Governments Encouraging Cashless Transactions
2.14.2. Increasing Applications of Nfc in Medical Equipment

3. North America Near Field Communication (Nfc) Chips Market Outlook - by Type

3.1. Auxiliary
3.2. Non-Auxiliary

4. North America Near Field Communication (Nfc) Chips Market Outlook - by Application

4.1. Television
4.2. Medical Equipment
4.3. Smartphone
4.4. Other Applications

5. North America Near Field Communication (Nfc) Chips Market Outlook - by Verticals

5.1. Consumer Electronics
5.2. Automotive
5.3. Retail
5.4. Banking & Finance
5.5. Medical
5.6. Other Verticals

6. North America Near Field Communication (Nfc) Chips Market - Regional Outlook

6.1. United States
6.2. Canada

7. Competitive Landscape

7.1. Broadcom Corporation
7.2. Em Microelectronic Marin Sa
7.3. Inside Secure Sa
7.4. Marvell Technology Group Ltd
7.5. Mediatek Inc
7.6. Mstar Semiconductor Inc
7.7. Murata Manufacturing Co Ltd
7.8. Nxp Semiconductors Nv
7.9. Qualcomm Inc
7.10. Renesas Electronics Corporation
7.11. Samsung Semiconductor Inc
7.12. Sony Corporation
7.13. Stmicroelectronics Nv
7.14. Texas Instruments Inc
7.15. Toshiba Corporation

8. Methodology & Scope

8.1. Research Scope
8.2. Sources of Data
8.3. Research Methodology

List of Tables

Table 1: Market Attractiveness Matrix
Table 2: Vendor Scorecard
Table 3: Regulatory Framework
Table 4: Key Strategic Developments
Table 5: List of Nfc-Enabled Smartphone Models and Smartphone Manufacturers
Table 6: Startups in Nfc Technology
Table 7: Nfc-Based Transaction Services by Companies
Table 8: North America Near Field Communication (Nfc) Chips Market, Country Outlook, 2022-2028 (In $ Million)
Table 9: North America Near Field Communication (Nfc) Chips Market, by Type, 2022-2028 (In $ Million)
Table 10: North America Near Field Communication (Nfc) Chips Market, by Application, 2022-2028 (In $ Million)
Table 11: North America Near Field Communication (Nfc) Chips Market, by Verticals, 2022-2028 (In $ Million)
Table 12: North America Near Field Communication (Nfc) Chips Market, Country Outlook, 2022-2028 (In $ Million)

List of Figures

Figure 1: North America Near Field Communication (Nfc) Chips Market 2022-2028 (In $ Million)
Figure 2: Porter's Five Forces Analysis
Figure 3: Key Impact Analysis
Figure 4: Timeline of Near Field Communication (Nfc) Chips
Figure 5: Market Attractiveness Index
Figure 6: Industry Components of Near Field Communication (Nfc) Chips Market
Figure 7: Number of Cashless Transactions in Key Countries
Figure 8: Estimates of Nfc-Enabled Handset
Figure 9: North America Near Field Communication (Nfc) Chips Market, by Type, 2021 & 2028 (In %)
Figure 10: North America Near Field Communication (Nfc) Chips Market, by Auxiliary, 2022-2028 (In $ Million)
Figure 11: North America Near Field Communication (Nfc) Chips Market, by Non-Auxiliary, 2022-2028 (In $ Million)
Figure 12: North America Near Field Communication (Nfc) Chips Market, by Application, 2021 & 2028 (In %)
Figure 13: North America Near Field Communication (Nfc) Chips Market, by Television, 2022-2028 (In $ Million)
Figure 14: North America Near Field Communication (Nfc) Chips Market, by Smartphone, 2022-2028 (In $ Million)
Figure 15: North America Near Field Communication (Nfc) Chips Market, by Medical Equipment, 2022-2028 (In $ Million)
Figure 16: North America Near Field Communication (Nfc) Chips Market, by Other Applications, 2022-2028 (In $ Million)
Figure 17: North America Near Field Communication (Nfc) Chips Market, by Verticals, 2021 & 2028 (In %)
Figure 18: North America Near Field Communication (Nfc) Chips Market, by Consumer Electronics, 2022-2028 (In $ Million)
Figure 19: North America Near Field Communication (Nfc) Chips Market, by Retail, 2022-2028 (In $ Million)
Figure 20: North America Near Field Communication (Nfc) Chips Market, by Automotive, 2022-2028 (In $ Million)
Figure 21: North America Near Field Communication (Nfc) Chips Market, by Banking & Finance, 2022-2028 (In $ Million)
Figure 22: North America Near Field Communication (Nfc) Chips Market, by Medical, 2022-2028 (In $ Million)
Figure 23: North America Near Field Communication (Nfc) Chips Market, by Other Verticals, 2022-2028(In $ Million)
Figure 24: North America Near Field Communication (Nfc) Chips Market, Regional Outlook, 2021 & 2028 (In %)
Figure 25: United States Near Field Communication (Nfc) Chips Market 2022-2028 (In $ Million)
Figure 26: Canada Near Field Communication (Nfc) Chips Market 2022-2028 (In $ Million)