NFC Chips Market Players Likely to Experience Prominent Demand Opportunities from Automotive Sector: TMR

ALBANY, N.Y., Nov. 25, 2020 /PRNewswire/ -- NFC refers to near field communication, which is considered as one of the latest developments in the short-range wireless connectivity technology. In past few years, there is remarkable development in the NFC technology. As a result, there is extensive increase in the use of NFC chips in various end-use industries such as automotive, consumer electronics, medical, aviation, and retail. This scenario is likely to boost the growth of the global NFC chips market during the assessment period 2020–2030.

Analysts at TMR note that the global NFC chips market will show growth at promising of CAGR of 7.5% during the assessment period 2020–2030. This growth is on the back of plethora of factors. The market is experiencing remarkable growth in demand for NFC chips from finance and payment sector as well as automotive sector. Growing focus of many vendors working in the NFC chips market toward technological advancements is foreseen to help in the expansion of this market during forecast period of 2020 to 2030.

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=15908

Key Findings of NFC Chips Market Report

• The global NFC chips market is estimated to grow at 7.5% CAGR during the forecast period of 2020 to 2030.
• The market is predicted to surpass the valuation of approximately US$ 5.6 Bn by 2030 end.
• Europe and North America markets for NFC chips are likely to experience prominent expansion opportunities in the forthcoming period.

Explore 164 pages of top-notch research, incisive insights, and detailed country-level projections on NFC Chips Market (Product Application: Smartphone, Television, Medical Equipment, Cars, and Others; Storage Capacity: 64 Bytes, 168 Bytes, 180 Bytes, 540 Bytes, and Others; and End User: Consumer Electronics, Automotive, Retail, Medical, Aviation, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/nfc-chips-market.html

NFC Chips Market: Key Driving Factors and Promising Avenues

• NFC chips are gaining traction across numerous end-use industries owing to their ability to simplify the user interfaces. Owing to this factor, there is remarkable increase in the use of NFC chips in a wide range of consumer products.
• NFC chips are in high demand from smartphone manufacturing companies, including Samsung and Apple. This factor is predicted to generate promising expansion opportunities in the NFC chips market in the assessment period of 2020 to 2030.
• In recent period, there is remarkable increase in the use of NFC chips across numerous security systems for communication purpose. Key reason behind this trend is the ability of NFC chips to offer safer services than that of other alike technologies such as Wi-Fi and Bluetooth. This factor is forecasted to fuel the expansion of the global NFC chips market in the forthcoming years.
• Aside From smartphones, NFC chips find application in a wide range of consumer electronic goods including televisions, speakers, refrigerators, washing machines, and cameras. Main function of NFC chips in these devices is offer contactless data transfer. Thus, increased demand for all these products is estimated to generate prodigious sales opportunities in the global NFC chips market in the years ahead.
• The global NFC chips market is likely to gain the advantage of increased acceptance of advanced connectivity technologies and growing digitalization in all worldwide locations.

Analyze global NFC chips market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

NFC Chips Market: Competitive Assessment

• Major players working in the NFC chips market are growing focus on the development of cost-efficient products. This move is helping enterprises to attract new customer base.
• Several stakeholders are increasing interest in merger and acquisition activities. With this strategy, players are eyeing their regional expansion.
• The list of important companies working in the NFC chips market includes Broadcom Inc., NXP Semiconductors B.V., Texas Instruments Inc., Texas Instruments Inc., Samsung Electronics Co., Ltd., Qualcomm Inc., STMicroelectronics N.V., AMS AG, and MediaTek Inc.

Request the COVID-19 Impact Analysis at https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=15908

The NFC chips market can be segmented as follows:

Product Application

• Smartphone
• Television
• Medical Equipment
• Cars
• Others

Storage Capacity

• 64 Bytes
• 168 Bytes
• 180 Bytes
• 540 Bytes
• Others

End User

• Consumer Electronics
• Automotive
• Retail
• Medical
• Aviation
• Others

Region

• North America
• Europe
• Asia Pacific
• MEA
• South America

Explore Transparency Market Research's award-winning coverage of the Global Electronics & Semiconductors Industry:

Non-Volatile Dual In-Line Memory Module (NVDIMM) Market – The report also provides assessment of various drivers that is impacting the global non volatile dual in-line memory module market, along with the restraints and opportunities that are anticipated to affect the demand of NVDIMM in the coming years. For each segment (such as product type and application), market dynamics analysis has also been provided in this report. The cumulative effect of all these factors helps to track different trends that is anticipated to affect the market growth.

Active Electronic Components Market – The need for higher energy efficiency in electronic products along with the emergence of new applications is driving growth of the active electronic components market, which is anticipated to expand at a CAGR of 8.4% during the forecast period from 2019 to 2027. The overall active electronic component market was valued at US$ 252.54 Bn in 2018. Earlier, these components were confined to be used for applications such as consumer electronics and printed circuit boards.

Load Cell Market – Technological investments across different industries will continue at a rapid pace in the upcoming years. Companies operating in the current load cell market are expected to design and develop load cells that fulfill the requirements of modern-day industries or Industry 4.0. In addition, the burgeoning applications of load cells in the agricultural sector coupled with the ability of load cells to operate in harsh environments are some of the leading factors that are expected to propel the growth of the load cell market.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected] 
Website: https://www.transparencymarketresearch.com 
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/nfc-chips-market.htm

SOURCE Transparency Market Research