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Near-Field communication (NFC) chip as the name suggests, allows wireless communication between two devices that are placed at a close distance with each other.These chips are embedded in required system components such as gaming device, smartphone, etc. enabling communication. They are active part of the NFC communication system and process information after which they trigger a particular response. They also provide power and then sends NFC commands to the NFC tag.

 Market Overview

The Global NFC Chip Market was valued at USD 6.04 Billion in 2023 and is estimated to reach at USD 10.3 Billion in 2031 growing at a CAGR of 6.12% over the forecast period from 2024-2031. The report would provide you with market size estimates both in terms of revenue (USD Billion) and volume (Billion Units) for the time period from 2022 to 2031. The report would provide various factors responsible for growth of the market across various geographies considered under the scope of the study. The report covers in-depth global and regional level analysis of various market segmentations based on Product Type, Storage capacity, End User, and Region.

Market Dynamics:

Below are the factors impacting the growth of NFC Chip Market:

• Smart Manufacturing
  • NFC chips are integrated in smart manufacturing for product identification and tracking during different stages such as production, packaging, transportation, shipment, etc. With increase in adoption of smart manufacturing process across the world for better product management, the market for NFC chips will significantly grow.
• Inventory management
  • Supermarkets and retail shops strategize for efficient inventory management to cater according to demand for products from customers. This enables them to provide superior quality of service. NFC chips play a key role in inventory management.
• Internet-of-things (IoT) and Industrial Internet-of-things (IIoT)
  • Smart devices are increasingly incorporated in smart homes for improved connectivity, security, and energy-efficiency. The penetration of such devices in smart homes is significantly high in developed countries and is witnessing substantial growth in developing countries.
  • The penetration of connected vehicles is high and with increasing investment in autonomous vehicles, the market is further estimated to grow during the forecast period.
  • Industry 4.0 is facilitating automation in industries. The penetration of the same is the highest in automotive and aerospace & defense industry. These industries are witnessing increased penetration of IIoT. Advancement in 5G and sensor technologies is aiding the expansion of IIoT across industries.
  • All the above factors will facilitate the growth of NFC chip market.

 Regional Analysis

Based on region, Global NFC Chip Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is divided into United States, Canada, and Mexico. Europe is bifurcated into Germany, U.K., France, Italy, Spain and Rest of Europe. The key countries covered under Asia Pacific region includes China, Japan, India, South East Asia and Rest of Asia Pacific. Middle East & Africa is bifurcated into UAE, Saudi Arabia, South Africa and Rest of MEA. Finally, Latin America is divided into Brazil, Argentina and Rest of Latin America.

Competition Landscape

The report covers company profiles and competition analysis of major players operating under Global NFC Chip Market. The company profile section includes Company Overview, Financials, Business Overview, Recent Developments, Key Strategies, Product Mapping, Regional Presence, etc. Further, the competition analysis provides you with details about Competitor Overview, Market Share Analysis, Company Performance based on Various Parameters, etc. The major players operating in Global NFC Chip Market are Broadcom Inc., INFINEON TECHNOLOGIES AG, Identiv, Inc, Intel Corporation, NXP Semiconductors, Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., STMicroelectronics, Texas Instruments Incorporated, etc.

Market Segmentation

The Global NFC Chip Market can be segmented on the basis of Product Type, Storage capacity, End User, and Region. Further, the report would provide a detailed analysis based on below mentioned market segmentation at the global as well regional levels.

 Global NFC Chip Market Scope:

Global NFC Chip Market by, Region and Countries:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
  • Rest of Asia Pacific
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East and Africa
• South America
  • Brazil
  • Argentina
  • Rest of South America

 Reason to Purchase the Report:

• Latest trends in the market
• In depth market segmentation and cross regional / country analysis
• Market dynamics analysis including drivers, restraints and opportunities in the market
• Market sizing and segment analysis
• Competition Analysis including profiling of key market players
• Market share analysis and key strategies adopted by key players
• Recent developments and technological advancement by key players in the market
• Key takeaways from the research findings to take strategic decision in business needs