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NFC Chip Market Research Report – Global Forecast till 2023

Global NFC Chip Market Research Report: Information by Storage Capacity (64 Bytes, 168 Bytes, 180 Bytes, and 540 Bytes), by Vertical (Banking and Financial Institutions, media & entertainment, retail, hospitality, healthcare) — Forecast till 2023

ID: MRFR/SEM/6254-HCR | February 2021 | Region: Global | 100 pages


Market Synopsis:
The global NFC chip market was valued at USD 4.26 billion in 2017 and is expected to reach USD 11.76 billion by the end of the forecast period with a CAGR of 18.86%.


NFC chip is integrated into NFC tag which lets the tag perform various NFC operations. NFC chip is attached to an antenna to form an inlay. The performance of NFC depends on the NFC chip, tuning of the antenna, the NFC inlay, and the interactive device. A few features of NFC chip include read and write memory, unique identifier (UID), and memory locking. Apart from these basic features, some chips also have (American Standard Code for Information Interchange) ASCII mirroring, password protection, web service mutual authentication, and authenticity check. However, as these features are not standardized across all the systems, these can only be used in limited environments.


The rapid development of payment platforms and technologies globally have led to the a significant growth of NFC, registering similar demand trends for its components. This technology is being integrated with smartphones to enable mobile payments, thus benefitting customers with ease of access to digital wallets. The governments of several countries are promoting digitization and digital payments to encourage transparent transactions.


NFC transactions are widely being adopted in the retail sector to save time and cost of the stores. Furthermore, the highly intuitive user interface provides users with a satisfying experience. Retail stores use NFC to make their users aware of their products or check whether a particular product is available on their online store or not.


However, security remains one of the major concerns for the market along with data manipulation. Data manipulation happens when someone corrupts the NFC data transmission thus increasing the risk of security breach.



Segmentation:
By storage capacity, the market has been segmented into 64 Bytes, 168 Bytes, 180 Bytes, and 540 Bytes. The 64 bytes segment is expected to contribute a major share to NFC chip market while 180 bytes is expected to grow at a high growth rate.


By vertical, the NFC chip market is segmented into BFSI, media & entertainment, retail, hospitality, healthcare, and others. The BFSI sector is expected to dominate the NFC chip market during the forecast period due to a large number of contactless payment in the retail sector. The healthcare sector is expected to grow at a high CAGR during the forecast period.



Regional Analysis:
The global market for NFC chip is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of the NFC chip market has been studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and South America). Among the regions mentioned, North America is expected to hold a significant share of the NFC chip market during the forecast period, followed by Europe. High adoption of digital payments coupled with increasing ownership of smartphones and internet reach is the major factor driving the NFC chip market in North America.


Asia-Pacific is expected to grow at the highest CAGR during the forecast period. This is due to government initiatives implemented in many countries promoting cashless transactions. Also, technological advancements such as a rapid increase in smartphone adoption and contactless payments are further expected to drive the growth of the NFC chips market. NFC enables consumers to have a better connection with stores and offers which improves the customer satisfaction and the retailers in return, have better consumer insights which help them to serve better.


 


Global NFC Chip Market USD Billion:
NFC Chip Market


The global NFC chip market was valued at USD 4.26 billion in 2017 and is expected to reach USD 11.76 billion by the end of the forecast period at a CAGR of 18.86%.



Key Players:
The key players in the NFC chip market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Intel Corporation (US), Verifone Systems, Inc. (US), MStar Semiconductor, Inc. (Taiwan), Broadcom Corporation (US), STMicroelectronics (Switzerland), Qualcomm, Inc. (US), NXP Semiconductors (Netherlands), Ingenico Group (France), SAMSUNG (South Korea), and Marvell Technology Group Ltd (Bermuda). These players contribute a major share in the growth of NFC chip market.


Apart from the top key players, the other players that contribute to the market growth include Murata Manufacturing Co. (Japan), Media Tek, Inc. (Taiwan), Giesecke & Devrient GmbH (Germany), Renesas Electronics Corporation (Japan) and Texas Instruments (US), and others.



Intended Audience:



  • Contactless Chip Manufacturers

  • Consumer Electronic Manufactures

  • BFSI sector

  • Security Provider Firms

  • Research Organizations

  • Investment Firms

  • Government Agencies

  • Consultancy and advisory firms



Frequently Asked Questions (FAQ) :

The valuation of the NFC chip market is expected to be USD 11.76 Bn by 2023.

The NFC chip market is poised to expand at 18.86% CAGR across the evaluation period.

The segments of the NFC chip market, on the basis of storage type, are 64 Bytes, 180 Bytes, 168 Bytes, and 540 Bytes.

Increasing adoption of smartphones and rise in inclination towards cashless payments are poised to drive market growth in APAC.

The vertical-based segments are BFSI, retail, hospitality, media & entertainment, healthcare, and others.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.3 Research Objectives

2.4 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Segment Rivalry

4.1.5 Bargaining Power of Suppliers

4.2 Value Chain/Supply Chain of NFC chip

5 Market Landscape

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7 NFC chip Market by Storage Capacity

7.1 Introduction

7.2 64 Bytes

7.2.1 Market Estimates & Forecast, 2018–2023

7.2.2 Market Estimates & Forecast by Region, 2018–2023

7.3 168 Bytes

7.3.1 Market Estimates & Forecast, 2018–2023

7.3.2 Market Estimates & Forecast by Region, 2018–2023

7.4 180 Bytes

7.4.1 Market Estimates & Forecast, 2018–2023

7.4.2 Market Estimates & Forecast by Region, 2018–2023

7.5 540 Bytes

7.5.1 Market Estimates & Forecast, 2018–2023

7.5.2 Market Estimates & Forecast by Region, 2018–2023

8 NFC chip Market by Vertical

8.1 Introduction

8.2 BFSI

8.2.1 Market Estimates & Forecast, 2018–2023

8.2.2 Market Estimates & Forecast by Region, 2018–2023

8.3 Media & Entertainment

8.3.1 Market Estimates & Forecast, 2018–2023

8.3.2 Market Estimates & Forecast by Region, 2018–2023

8.4 Retail

8.4.1 Market Estimates & Forecast, 2018–2023

8.4.2 Market Estimates & Forecast by Region, 2018–2023

8.5 Hospitality

8.5.1 Market Estimates & Forecast, 2018–2023

8.5.2 Market Estimates & Forecast by Region, 2018–2023

8.6 Healthcare

8.6.1 Market Estimates & Forecast, 2018–2023

8.6.2 Market Estimates & Forecast by Region, 2018–2023

8.7 Others

8.7.1 Market Estimates & Forecast, 2018–2023

8.7.2 Market Estimates & Forecast by Region, 2018–2023

9 NFC chip Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast by Country, 2018–2023

9.2.2 Market Estimates & Forecast by Storage Capacity, 2018–2023

9.2.3 Market Estimates & Forecast by Vertical, 2018–2023

9.2.4 US

9.2.4.1 Market Estimates & Forecast by Storage Capacity, 2018–2023

9.2.4.2 Market Estimates & Forecast by Vertical, 2018–2023

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast by Storage Capacity, 2018–2023

9.2.5.2 Market Estimates & Forecast by Vertical, 2018–2023

9.2.6 Mexico

9.2.6.1 Market Estimates & Forecast by Storage Capacity, 2018–2023

9.2.6.2 Market Estimates & Forecast by Vertical, 2018–2023

9.3 Europe

9.3.1 Market Estimates & Forecast by Country, 2018–2023

9.3.2 Market Estimates & Forecast by Storage Capacity, 2018–2023

9.3.3 Market Estimates & Forecast by Vertical, 2018–2023

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast by Storage Capacity, 2018–2023

9.3.4.2 Market Estimates & Forecast by Vertical, 2018–2023

9.3.5 UK

9.3.5.1 Market Estimates & Forecast by Storage Capacity, 2018–2023

9.3.5.2 Market Estimates & Forecast by Vertical, 2018–2023

9.3.6 France

9.3.6.1 Market Estimates & Forecast by Storage Capacity, 2018–2023

9.3.6.2 Market Estimates & Forecast by Vertical, 2018–2023

9.3.7 Rest of Europe

9.3.7.1 Market Estimates & Forecast by Storage Capacity, 2018–2023

9.3.7.2 Market Estimates & Forecast by Vertical, 2018–2023

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast by Country, 2018–2023

9.4.2 Market Estimates & Forecast by Storage Capacity, 2018–2023

9.4.3 Market Estimates & Forecast by Vertical, 2018–2023

9.4.4 China

9.4.4.1 Market Estimates & Forecast by Storage Capacity, 2018–2023

9.4.4.2 Market Estimates & Forecast by Vertical, 2018–2023

9.4.5 India

9.4.5.1 Market Estimates & Forecast by Storage Capacity, 2018–2023

9.4.5.2 Market Estimates & Forecast by Vertical, 2018–2023

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast by Storage Capacity, 2018–2023

9.4.6.2 Market Estimates & Forecast by Vertical, 2018–2023

9.4.7 Rest of Asia-Pacific

9.4.7.1 Market Estimates & Forecast by Storage Capacity, 2018–2023

9.4.7.2 Market Estimates & Forecast by Vertical, 2018–2023

9.5 Rest of the World

9.5.1 Market Estimates & Forecast by Country, 2018–2023

9.5.2 Market Estimates & Forecast by Storage Capacity, 2018–2023

9.5.3 Market Estimates & Forecast by Vertical, 2018–2023

9.5.4 Middle East & Africa

9.5.4.1 Market Estimates & Forecast by Storage Capacity, 2018–2023

9.5.4.2 Market Estimates & Forecast by Vertical, 2018–2023

9.5.5 South America

9.5.5.1 Market Estimates & Forecast by Storage Capacity, 2018–2023

9.5.5.2 Market Estimates & Forecast by Vertical, 2018–2023

10 Competitive Landscape

11 Company Profiles

11.1 Intel Corporation

11.1.1 Company Overview

11.1.2 Product/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.1.6 Key Strategy

11.2 Verifone Systems, Inc.

11.2.1 Company Overview

11.2.2 Product/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.2.6 Key Strategy

11.3 MStar Semiconductor, Inc.

11.3.1 Company Overview

11.3.2 Product/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.3.5 SWOT Analysis

11.3.6 Key Strategy

11.4 Broadcom Corporation

11.4.1 Company Overview

11.4.2 Product/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.4.5 SWOT Analysis

11.4.6 Key Strategy

11.5 STMicroelectronics

11.5.1 Company Overview

11.5.2 Product/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.5.6 Key Strategy

11.6 Qualcomm, Inc.

11.6.1 Company Overview

11.6.2 Product/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.6.5 SWOT Analysis

11.6.6 Key Strategy

11.7 NXP Semiconductors

11.7.1 Company Overview

11.7.2 Product/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.7.6 Key Strategy

11.8 Ingenico Group

11.8.1 Company Overview

11.8.2 Product/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.8.5 SWOT Analysis

11.8.6 Key Strategy

11.9 SAMSUNG

11.9.1 Company Overview

11.9.2 Product/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.9.5 SWOT Analysis

11.9.6 Key Strategy

11.10 Marvell Technology Group Ltd.

11.10.1 Company Overview

11.10.2 Product/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

11.10.5 SWOT Analysis

11.10.6 Key Strategy

12 Conclusion

 

LIST OF TABLES

Table 1 NFC chip Market, by Region, 2018–2023

Table 2 North America: NFC chip Market, by Country, 2018–2023

Table 3 Europe: NFC chip Market, by Country, 2018–2023

Table 4 Asia-Pacific: NFC chip Market, by Country, 2018–2023

Table 5 Middle East & Africa: NFC chip Market, by Country, 2018–2023

Table 6 South America: NFC chip Market, by Country, 2018–2023

Table 7 Global NFC chip Storage Capacity Market, by Region, 2018–2023

Table 8 North America: NFC chip Storage Capacity Market, by Country, 2018–2023

Table 9 Europe: NFC chip Storage Capacity Market, by Country, 2018–2023

Table 10 Asia-Pacific: NFC chip Storage Capacity Market, by Country, 2018–2023

Table 11 Middle East & Africa: NFC chip Storage Capacity Market, by Country, 2018–2023

Table 12 South America: NFC chip Storage Capacity Market, by Country, 2018–2023

Table 13 Global NFC chip Vertical Market, by Region, 2018–2023

Table 14 North America: NFC chip Vertical Market, by Country, 2018–2023

Table 15 Europe: NFC chip Vertical Market, by Country, 2018–2023

Table 16 Asia-Pacific: NFC chip Vertical Market, by Country, 2018–2023

Table 17 Middle East & Africa: NFC chip Vertical Market, by Country, 2018–2023

Table 18 South America: NFC chip Vertical Market, by Country, 2018–2023
 
LIST OF FIGURES

FIGURE 1 Global NFC chip Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global NFC chip Market

FIGURE 4 Value Chain of Global NFC chip Market

FIGURE 5 Share of the Global NFC chip Market in 2017, by Country (in %)

FIGURE 6 Global NFC Chip Market, 2018–2023

FIGURE 7 Global NFC Chip Market Size, by Storage Capacity, 2017

FIGURE 8 Global NFC Chip Market Size, by Vertical, 2017