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Jul 31, 2017 1:55 PM ET

Global Near Field Communication (NFC) Chip Market (2017-2023): Key Players are Qualcomm, Mediatek, Broadcom, Marvell Technology, Sony, St Microelectronic, Texas Instruments & Nxp Semiconductors

iCrowdNewswire - Jul 31, 2017

The “Global Near Field Communication (NFC) Chip Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 – 2023” report has been added to Research and Markets’ offering.

The global near field communication chip market is expected to grow with the CAGR of approximately 30 % during the forecast period 2016-2023.

The high growth rate is attributed to rise in NFC based transaction according to central bank of Kenya, M-pesa a mobile payment in conjunction with mobile phone operator safaricom have launched one tap payment solutions powered by NFC chip and in 2015, 911 million transactions were made through M-pesa. Surge in the number of smartphones, increasing use of NFC chip in consumer electronics, medical equipment drives the global NFC chip market. The factors restraining the growth of NFC Chip market are data security concerns related to NFC, complex production process of NFC chip. Whereas, the high investment in R&D of NFC chip would act as an opportunity in the forecast period

Near field communication chip market can be segmented on the basis of application, storage capacity and end user. The application segment is further segmented into television, smartphone, car, medical equipment and others. Smartphone segment has the largest share in the application segment of the NFC chip market owing to high demand of smartphones across the globe. On the basis of storage capacity, the NFC chip market can be further sub-segmented into 64 Bytes, 168 bytes, 540 Bytes and Others. The end user segment is further segmented into consumer electronics, automotive, retail market, aviation, medical and others.

Companies Mentioned

– Marvell Technology Group Ltd.
– Sony Corp.
– Ams Ag
– Mstar Semiconductor Inc.
– Mediatek Inc.
– St Microelectronics
– Qualcomm Inc.
– Texas Instruments Inc.
– Broadcom Corp.
– NXP Semiconductors
– Inside Secure
– Renesas
– Moversa
– Samsung Semiconductors
– Toshiba Corp.

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Global Near Field Communication Chip Market By Region

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/g452ml/global_near_field.

Contact Information:

Research and Markets,
Laura Wood,
Senior Manager.
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
Related Topics: Near Field Communication (https://www.researchandmarkets.com/categories.asp?cat_id=787&campaign_id=g452ml)

Via iCrowdNewswire
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