Europe Near Field Communication (Nfc) Chips Market Forecast 2022-2030KEY FINDINGS
The Europe near field communication (NFC) chips market is projected to record a CAGR of 11.29% during the forecast years, 2022-2030. The presence of major market players operating in the region, in addition to trials and experiments carried out by mobile operators and banks, are the key drivers for market growth.
MARKET INSIGHTS
The Europe near field communication (NFC) chips market growth analysis includes the evaluation of Netherlands, Italy, Germany, Russia, France, United Kingdom, and Rest of Europe. In Italy, the government is promoting cashless payments through Italia Cashless, the plan developed by the government that rewards those who do not use cash in purchases. Consumers in Italy receive an automatic 10% refund into their bank account for cashless in-store payments made using a credit, debit, or prepaid card or payment app. These advantages favor the use of NFC chip-enabled payment methods in Italy.
Furthermore, in Russia, mobile contactless payments account for 34% of all card transactions and 31% of total card transaction value, compared with 25% of transactions and 23% of transaction value in 2019-2020. Such growth in contactless payments will offer a lucrative growth opportunity for NFC chips in the country.
In addition, the France market is mainly driven owing to innovation by telecom service providers in the form of the launch of cashless applications and escalating contactless cash limits in the country. Also, according to reports, around 40% of consumers would have their new cards consisting of the pound spending limit, further augmenting the demand for NFC chips in France.
COMPETITIVE INSIGHTS
Some leading players in the market include Marvell Technology Inc, NXP Semiconductors NV, Sony Corporation, Murata Manufacturing Co Ltd, etc.
Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Parent Market Analysis: Wireless Connectivity Market
- 3.2. Timeline Of Near Field Communication (Nfc) Chips
- 3.3. Key Drivers
- 3.3.1. Wide Adoption Of Contactless Payments Across Numerous Industries
- 3.3.2. Growing Number Of Nfc-enabled Smartphones
- 3.3.3. Rising Demand For Nfc Chips In Consumer Electronics
- 3.3.4. Government Initiatives To Promote Cashless Transaction
- 3.4. Key Restraints
- 3.4.1. Easy Availability Of Substitutes Such As Bluetooth, Zigbee, And Wi-fi
- 3.4.2. Rising Data Security And Privacy Concerns
- 3.4.3. Complexity Related To Product Designing
- 3.4.4. High Cost Of Nfc Chips
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Near Field Communication (Nfc) Chips Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Value Chain Analysis
- 4.6.1. Raw Materials Suppliers
- 4.6.2. Manufacturers
- 4.6.3. Distributors
- 4.6.4. End-users
- 4.7. Key Buying Criteria
- 4.7.1. Application
- 4.7.2. Price
- 4.7.3. Communication Speed
- 4.7.4. Storage
- 4.8. Regulatory Framework
- 5. Market By Product
- 5.1. Non-auxiliary
- 5.2. Auxiliary
- 6. Market By Application
- 6.1. Television
- 6.2. Smartphone
- 6.3. Medical Equipment
- 6.4. Other Applications
- 7. Market By End-user
- 7.1. Consumer Electronics
- 7.2. Automotive
- 7.3. Retail
- 7.4. Banking And Finance
- 7.5. Medical
- 7.6. Other End-users
- 8. Geographical Analysis
- 8.1. Europe
- 8.1.1. Market Size & Estimates
- 8.1.2. Key Growth Enablers
- 8.1.3. Key Challenge
- 8.1.4. Key Players
- 8.1.5. Country Analysis
- 8.1.5.1. United Kingdom
- 8.1.5.2. Germany
- 8.1.5.3. France
- 8.1.5.4. Italy
- 8.1.5.5. Russia
- 8.1.5.6. Netherlands
- 8.1.5.7. Rest Of Europe
- 9. Competitive Landscape
- 9.1. Key Strategic Developments
- 9.1.1. Mergers & Acquisitions
- 9.1.2. Product Launches & Developments
- 9.1.3. Partnerships & Agreements
- 9.1.4. Business Expansions & Divestitures
- 9.2. Company Profiles
- 9.2.1. Broadcom Inc
- 9.2.2. Em Microelectronic-marin Sa
- 9.2.3. Marvell Technology Inc
- 9.2.4. Mediatek Inc
- 9.2.5. Mstar Semiconductor
- 9.2.6. Murata Manufacturing Co Ltd
- 9.2.7. Nxp Semiconductors Nv.
- 9.2.8. Qualcomm Incorporated
- 9.2.9. Renesas Electronics Corporation
- 9.2.10. Samsung Electronics Co Ltd
- 9.2.11. Sony Corporation
- 9.2.12. Stmicroelectronics Nv
- 9.2.13. Texas Instruments Incorporated
- 9.2.14. Toshiba Corporation
- 9.2.15. Verimatrix (Formerly Inside Secure)
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