Quick Summary:
The landscape of the Near Field Communication (NFC) Chips market is evolving rapidly. As a top-tier executive, remaining abreast of industry shifts and understanding where these developments fit into the broader context is crucial. This comprehensive market research report provides these highly valuable insights, with a primary focus on growth areas, competitive dynamics, and future market trends.
The NFC Chips market is projected to reach a remarkable $10.7 billion by 2030, powered by a surging demand in key applications such as smartphones and smart wearables. Furthermore, the report provides a robust review of the industry situation across different regions, with notable insights into markets as diverse as the US, China, Japan, Canada and Germany. For a deep dive into the NFC Chips market's future outlook, key innovations, and the strategies of leading competitors like Infineon Technologies AG and Qualcomm Technologies, Inc., this report is an invaluable resource.
Global Near Field Communication (NFC) Chips Market to Reach $10.7 Billion by 2030
The global market for Near Field Communication (NFC) Chips estimated at US$4.3 Billion in the year 2022, is projected to reach a revised size of US$10.7 Billion by 2030, growing at a CAGR of 11.9% over the analysis period 2022-2030. Smartphones, one of the segments analyzed in the report, is projected to record 12% CAGR and reach US$5.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Smart Wearables segment is readjusted to a revised 13.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 11.3% CAGR
The Near Field Communication (NFC) Chips market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 11.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.3% and 10.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.Select Competitors (Total 38 Featured) -
- Infineon Technologies AG
- NXP Semiconductors NV
- Qualcomm Technologies, Inc.
- Renasas Electronics Corporation
- STMicroelectronics NV
- Toshiba Corp.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Near Field Communication (NFC) Chips?
What is the growth rate of the Global Market for Near Field Communication (NFC) Chips?
What is the forecasted size of the Global Market for Near Field Communication (NFC) Chips?
Who are the key companies in the Global Market for Near Field Communication (NFC) Chips?
| Report Attribute | Details |
|---|---|
| No. of Pages | 221 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 4.3 Billion |
| Forecasted Market Value ( USD | $ 10.7 Billion |
| Compound Annual Growth Rate | 12.1% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Infineon Technologies AG
- NXP Semiconductors NV
- Qualcomm Technologies, Inc.
- Renasas Electronics Corporation
- STMicroelectronics NV
- Toshiba Corp.
