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The near field communication (NFC) chips market size is forecast to increase by USD 3.71 billion at a CAGR of 13.64% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. The increasing adoption of smartphones, particularly those running on the Android Operating System (OS), is a major factor. With the introduction of features like Android Beam, NFC technology has become more accessible to consumers. In addition, the RFID infrastructure required for NFC technology is being integrated into various applications such as contactless smart cards and RFID tags. The mobile industry is also embracing NFC technology for mobile payment and ticketing scenarios. Furthermore, the Peer-to-Peer mode of NFC enables direct communication between devices, adding to its appeal. However, the market faces challenges from substitute payment systems and the need for standardization.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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