Data Bridge Market Research has recently released an extensive research report titled "Near Field Communication (NFC) Chip Market" which aims to equip you with a competitive advantage by providing comprehensive and up-to-date information. This comprehensive study offers a deep understanding of the market, empowering you to navigate the industry successfully. Serving as a dependable source, the report uncovers the current market conditions and trends, making it an invaluable tool for formulating an effective marketing strategy. By presenting an expansive view of the market landscape, this report furnishes valuable insights into trends, opportunities, and the overall market status. Through strategic market research analysis and insightful business intelligence, this industry report explores the relevant markets for our clients. It also encompasses a detailed SWOT analysis and investment analysis of the extensive "Near Field Communication (NFC) Chip Market" thus projecting imminent opportunities for market players.
Global near field communication (NFC) chip market was valued at USD 8,390.20 million in 2021 and is expected to reach USD 18248.41 million by 2029, registering a CAGR of 10.20% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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A near field communication (NFC) chip is a silicon component or an integrated circuit that can be used differently depending on the targeted application. It enables wide range short-range and wireless communication between two devices.
Some of the major players operating in the near field communication (NFC) chip market are:
Intel Corporation (U.S.)
VeriFone, Inc. (U.S.)
Qualcomm Technologies, Inc. (U.S.)
NXP Semiconductors. (Netherlands)
SAMSUNG (South Korea)
Murata Manufacturing Co., Ltd. (Japan)
Giesecke+Devrient GmbH (Germany)
Renesas Electronics Corporation. (Japan)
Texas Instruments Incorporated. (U.S.)
ams-OSRAM AG (Austria)
Blue Bite LLC (U.S.)
HID Global Corporation (U.S.)
Advanced Card Systems Ltd. (Hong Kong)
Ensurge Micropower (Norway)
Global Near Field Communication (NFC) Chip Market Scope
The near field communication (NFC) chip market is segmented on the basis of product type, storage, usage, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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Near Field Communication (NFC) Chip Market Regional Analysis/Insights
The near field communication (NFC) chip market is analyzed and market size insights and trends are provided by product type, storage, usage, application and end use as referenced above.
The countries covered in the near field communication (NFC) chip market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the near field communication (NFC) chip market during the forecast period of 2022 to 2029 because of the development of data center along with the introduction of 5G network within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising demand of high-speed connectivity devices within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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