North America Near Field Communication (Nfc) Chips Market Forecast 2022-2030KEY FINDINGS
The North America near field communication (NFC) chips market is projected to record a CAGR of 11.97% during the forecast years, 2022 to 2030. The higher adoption of NFC technology across various industries such as banking, transportation, and retail for making payments and information sharing is boosting the market growth.
MARKET INSIGHTS
The North America near field communication (NFC) chips market growth assessment includes the analysis of United States and Canada. The market in Canada is primarily driven by the rising deployment and penetration of NFC chips in smartphones. In addition, the Canadian Safety and Security Program funds a project that uses innovative NFC passport reader technology with the World Reach’s online immigration platform. Such investments from public organizations are lucrative to the NFC chips market in Canada.
Moreover, the adoption of the NFC chips is continuously rising as they make transactions safe and secure. Also, reports suggest that the smartphone penetration rate grew to 68%, representing year-over-year growth of 24%. The rising number further raises the demand for NFC chips as they are mainly deployed in smartphones to transfer data and information. Therefore, the country’s surging smartphone demand drives the market growth during the forecast period.
COMPETITIVE INSIGHTS
Some major players in the market include NXP Semiconductors NV, Texas Instruments Incorporated, Marvell Technology Group, Broadcom Corporation, 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. North America
- 8.1.1. Market Size & Estimates
- 8.1.2. Key Growth Enablers
- 8.1.3. Key Challenges
- 8.1.4. Key Players
- 8.1.5. Country Analysis
- 8.1.5.1. United States
- 8.1.5.2. Canada
- 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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