ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028

ICT | Telecom and Internet

ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028

Market by Type, Application, Verticals, and Country Outlook | Forecast 2022-2028

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As per Triton’s research report, the near field communication (NFC) chips market in Asia-Pacific is estimated to register a CAGR of 13.30% over the forecast period 2022-2028.


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The countries studied in the given region include:

•         China

•         Japan

•         India

•         South Korea

•         ASEAN Countries

•         Australia & New Zealand

•         Rest of Asia-Pacific

In the Asia-Pacific, China secures the major share in the near field communication chips market. Several companies in the region are introducing innovative near field communication technology products. For instance, PVR launched the first NFC-enabled wallet app for cashless payment for movies and refreshments in India. Additionally, numerous banks have implemented NFC-based mobile payment services using end-to-end cloud solutions. Huawei, for instance, partnered with China Union Pay to roll out an NFC-based mobile payment service. Therefore, as mentioned above, these factors heavily contribute to the growth of the NFC chips market.

In China, the market is primarily driven by the growing adoption of near field communication technology by government bodies and private companies. This is mainly on account of the rising demand for digital transactions. This demand has led companies like Union Pay to launch near field communication payment services partnering with Samsung. Furthermore, government programs supporting digital transactions have increased the need for NFC chips. Thus, the growing use of NFC-enabled chips for cashless transactions drives the Chinese near field communication chips market’s progression.

Several private companies are adopting NFC technology, which is anticipated to create a profitable market for NFC chips in Japan. As per the NFC Forum, the East Japan Railway Company has introduced NFC cards. Thus, as mentioned above, the growing adoption of NFC technology supports the near field communication chips market.

Near field communication-enabled integrated chips are widely used in auxiliary products such as NFC micro SD cards, NFC UICC cards, NFC-enabled covers, and more. Smartphones have in-built NFC chips that enable data exchange over a short-range. The studied market is segmented based on type, verticals, and application. Here, the type segment is bifurcated into auxiliary and non-auxiliary.

The well-known companies thriving in the market include STMicroelectronics NV, Texas Instruments Inc, Qualcomm Inc, Sony Corporation, Renesas Electronics Corporation, Toshiba Corporation, and Samsung Semiconductor Inc.

Samsung Semiconductor Inc is a subsidiary of Samsung Electronics Corporation. It mainly designs and manufactures LCD panels, semiconductors, and storage products for desktop computing, mobile, consumer electronics, and industrial communication systems. It offers various semiconductors that include flash and SSD, NFC chips, memory chips, and ASIC system logic devices. The company has operations across the world, including the Asia-Pacific. 

Samsung recently announced signing an MOU with Western Digital to standardize and drive wide adoption of next-generation data placement, processing, and storage technologies. They are sent to create a vigorous ecosystem for the Zoned Storage solution, creating a higher value for users.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2022-2028

      Detailed data highlighting key insights, industry components, and market strategies

     Comprehensive information and estimation of the near field communication (NFC) chips market revenue growth in the Asia-Pacific and its influence on the parent market

      In-depth study of forthcoming trends in consumer behavioral patterns

      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces

   A wide-ranging study of factors that will challenge the APAC near field communication (NFC) chips market’s growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here

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Table of Content

1. ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET

2.2. KEY INSIGHTS

2.2.1. EMERGENCE OF CONTACTLESS NFC POS

2.2.2. EMERGING NFC APPLICATIONS: SMART POSTERS AND M-WALLET

2.2.3. FUNDINGS FOR COMPANIES/START-UPS

2.3. TIMELINE OF NEAR FIELD COMMUNICATION (NFC) CHIPS

2.4. PORTER’S FIVE FORCES ANALYSIS

2.5. MARKET ATTRACTIVENESS MATRIX

2.6. INDUSTRY COMPONENTS

2.6.1. RAW MATERIALS SUPPLIERS

2.6.2. MANUFACTURERS

2.6.3. DISTRIBUTORS

2.6.4. END-USERS

2.7. REGULATORY FRAMEWORK

2.8. VENDOR SCORECARD

2.9. KEY IMPACT ANALYSIS

2.9.1. APPLICATION

2.9.2. PRICE

2.9.3. COMMUNICATION SPEED

2.9.4. STORAGE

2.10. MARKET ATTRACTIVENESS INDEX

2.11. KEY MARKET STRATEGIES

2.11.1. ACQUISITIONS

2.11.2. PRODUCT LAUNCHES

2.11.3. INVESTMENTS & EXPANSIONS

2.11.4. CONTRACTS & AGREEMENTS

2.12. MARKET DRIVERS

2.12.1. NUMBER OF NFC-BASED DIGITAL TRANSACTIONS

2.12.2. HIGH PENETRATION OF NFC-ENABLED SMARTPHONES

2.12.3. SIGNIFICANT ADOPTION OF NFC TECHNOLOGY IN CONSUMER ELECTRONICS

2.13. MARKET CHALLENGES

2.13.1. EASY AVAILABILITY OF SUBSTITUTES

2.13.2. INTEROPERABILITY ISSUES

2.13.3. HIGHER COSTS OF NFC CHIPS

2.13.4. SECURITY CONCERNS RELATED TO DATA

2.14. MARKET OPPORTUNITIES

2.14.1. GOVERNMENTS ENCOURAGING CASHLESS TRANSACTIONS

2.14.2.  INCREASING APPLICATIONS OF NFC IN MEDICAL EQUIPMENT

3. ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET OUTLOOK - BY TYPE

3.1. AUXILIARY

3.2. NON-AUXILIARY

4. ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET OUTLOOK - BY APPLICATION

4.1. TELEVISION

4.2. MEDICAL EQUIPMENT

4.3. SMARTPHONE

4.4. OTHER APPLICATIONS

5. ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET OUTLOOK - BY VERTICALS

5.1. CONSUMER ELECTRONICS

5.2. AUTOMOTIVE

5.3. RETAIL

5.4. BANKING & FINANCE

5.5. MEDICAL

5.6. OTHER VERTICALS

6. ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET - COUNTRY OUTLOOK

6.1. CHINA

6.2. JAPAN

6.3. INDIA

6.4. SOUTH KOREA

6.5. ASEAN COUNTRIES

6.6. AUSTRALIA & NEW ZEALAND

6.7. REST OF ASIA-PACIFIC

7. COMPETITIVE LANDSCAPE

7.1. BROADCOM CORPORATION

7.2. EM MICROELECTRONIC MARIN SA

7.3. INSIDE SECURE SA

7.4. MARVELL TECHNOLOGY GROUP LTD

7.5. MEDIATEK INC

7.6. MSTAR SEMICONDUCTOR INC

7.7. MURATA MANUFACTURING CO LTD

7.8. NXP SEMICONDUCTORS NV

7.9. QUALCOMM INC

7.10. RENESAS ELECTRONICS CORPORATION

7.11. SAMSUNG SEMICONDUCTOR INC

7.12. SONY CORPORATION

7.13. STMICROELECTRONICS NV

7.14. TEXAS INSTRUMENTS INC

7.15. TOSHIBA CORPORATION

8. METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: MARKET ATTRACTIVENESS MATRIX

TABLE 2: VENDOR SCORECARD

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: KEY STRATEGIC DEVELOPMENTS

TABLE 5: LIST OF NFC-ENABLED SMARTPHONE MODELS AND SMARTPHONE MANUFACTURERS

TABLE 6: STARTUPS IN NFC TECHNOLOGY

TABLE 7: NFC-BASED TRANSACTION SERVICES BY COMPANIES

TABLE 8: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TYPE, 2022-2028 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 11: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2022-2028 (IN $ MILLION)

TABLE 12: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2028 (IN $ MILLION)

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: KEY IMPACT ANALYSIS

FIGURE 4: TIMELINE OF NEAR FIELD COMMUNICATION (NFC) CHIPS

FIGURE 5: MARKET ATTRACTIVENESS INDEX

FIGURE 6: INDUSTRY COMPONENTS OF NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET

FIGURE 7: NUMBER OF CASHLESS TRANSACTIONS IN KEY COUNTRIES

FIGURE 8: ESTIMATES OF NFC-ENABLED HANDSET

FIGURE 9: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TYPE, 2021 & 2028 (IN %)

FIGURE 10: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY AUXILIARY, 2022-2028 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY NON-AUXILIARY, 2022-2028 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, 2021 & 2028 (IN %)

FIGURE 13: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TELEVISION, 2022-2028 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY SMARTPHONE, 2022-2028 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY MEDICAL EQUIPMENT, 2022-2028 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY VERTICALS, 2021 & 2028 (IN %)

FIGURE 18: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY CONSUMER ELECTRONICS, 2022-2028 (IN $ MILLION)

FIGURE 19: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY RETAIL, 2022-2028 (IN $ MILLION)

FIGURE 20: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)

FIGURE 21: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY BANKING & FINANCE, 2022-2028 (IN $ MILLION)

FIGURE 22: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY MEDICAL, 2022-2028 (IN $ MILLION)

FIGURE 23: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY OTHER VERTICALS, 2022-2028(IN $ MILLION)

FIGURE 24: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)

FIGURE 25: CHINA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 26: JAPAN NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 27: INDIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 28: SOUTH KOREA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 29: ASEAN COUNTRIES NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 30: AUSTRALIA & NEW ZEALAND NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

FIGURE 31: REST OF ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET 2022-2028 (IN $ MILLION)

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