The Asia-Pacific near field communication (NFC) chips market is expected to surge with a CAGR of 12.09% during the forecast period, 2022-2030, and is anticipated to reach $4060.22 million in revenue by 2030.

ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET FORECAST 2022-2030

Asia-Pacific Near Field Communication (NFC) Chips Market by Product (Non-auxiliary, Auxiliary) Market by Application (Television, Smartphone, Medical Equipment, Other Applications) Market by End-user (Consumer Electronics, Automotive, Retail, Banking and Finance, Medical, Other End-users) by Geography

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The Asia-Pacific near field communication (NFC) chips market is expected to surge with a CAGR of 12.09% during the forecast period, 2022-2030, and is anticipated to reach $4060.22 million in revenue by 2030.

NFC chip is one of the key NFC products available with various applications such as contactless mobile payments, information sharing, and information security. These chips produce a short-range radio signal used for sensitive financial and authentication data transmission. They are embedded in smartphones for mobile payments. In their embedded form, NFC chips are also used in devices at public transportation stations or for door unlocking facilities in enterprises.

Asia-Pacific NFC Chips Market

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The Asia-Pacific near field communication (NFC) chips market growth assessment entails Japan, South Korea, China, Vietnam, India, Australia & New Zealand, Indonesia, Thailand, and Rest of Asia-Pacific. The market in China is primarily driven by the rising adoption of NFC technology by private players and government programs supporting digital transactions. In addition, the Chinese government has introduced the Green Finance Project, which aims to promote cash technology. This project aims to bring digital payment options to China to minimize cybersecurity and privacy issues. Hence, the demand for NFC chips is expected to rise in the next few years.

In Japan, several leading market players are actively developing NFC-based cashless payment devices and readers for the Japanese market, showing the rising adoption of NFC chips in Japan. Furthermore, private organizations are also adopting NFC technology which is expected to boost the growth of the near field communication market in Japan.

The government of South Korea approved a service that would enable the consumer to authenticate mobile payment by tapping a contactless card, which helps increase the need for NFC chips in South Korea. Furthermore, the rising penetration of smartphones also drives the market during the forecast period.

The Asia-Pacific near field communication (NFC) chips market is segmented by product, end-user, and application. The market by product is further segmented into auxiliary and non-auxiliary products.

Some of the major applications of non-auxiliary products (such as NFC tags, NFC readers, controllers, etc.) include storage and transfer of information, reading information from smart labels and smart posters, in business cards, cashless and contactless payments, ticketing, etc. These are also used in authentication and access control. Technological advancements and developments in products such as NFC tags, NFC readers, controllers, antennas, etc., majorly contribute to the growth of the non-auxiliary product market during the forecast period.

Near field communication (NFC) enabled integrated chips are also widely deployed in auxiliary products such as NFC micro SD Cards, NFC SIM /UICC cards (Universal integrated circuit card), NFC enabled covers, etc. Mobiles and smartphones have inbuilt NFC chips that allow data exchange over a short range. NFC chip-enabled SIM-based products offer better security and help to decrease fraud. These products also ensure the security and integrity of all types of personal data. Technological innovations and developments in near field communication auxiliary products boost the global auxiliary product market.

Some leading market players in the Asia-Pacific near field communication (NFC) chips market include EM Microelectronic-Marin SA, MStar Semiconductor, Renesas Electronics Corporation, Toshiba Corporation, etc.

Toshiba Corporation is a diversified manufacturer of electronic and electrical products. Its product portfolio includes energy-related equipment, transportation systems, building facilities, semiconductors, and visual products. Toshiba also markets CD TVs and Blu-ray discs under the REGZA brand. The company operates across the Asia-Pacific, Europe, the Middle East & Africa, and the Americas. Toshiba is headquartered in Tokyo, Japan.

Toshiba’s key NFC chip, T6NE7, is a tag IC compliant with the NFC Forum type 3 tag. It also has a 2.0K bytes non-volatile memory, low power consumption with a standby current of 0.1μA, and optional UART, I2C, and SPI wired interfaces.

Report Synopsis

Report ScopeDetails
Market Forecast Years2022-2030
Base Year2021
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments AnalyzedProduct, End-User, Application
Countries AnalyzedJapan, South Korea, China, Vietnam, India, Australia & New Zealand, Indonesia, Thailand, and Rest of Asia-Pacific
Companies Analyzed

Broadcom Inc, EM Microelectronic-Marin SA, Marvell Technology Inc, Mediatek Inc, MStar Semiconductor, Murata Manufacturing Co Ltd, NXP Semiconductors NV, Qualcomm Incorporated, Renesas Electronics Corporation, Samsung Electronics Co Ltd, Sony Corporation, STMicroelectronics NV, Texas Instruments Incorporated, Toshiba Corporation, Verimatrix (Formerly Inside Secure)

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • PARENT MARKET ANALYSIS: WIRELESS CONNECTIVITY MARKET
      • TIMELINE OF NEAR FIELD COMMUNICATION (NFC) CHIPS
      • KEY DRIVERS
        • WIDE ADOPTION OF CONTACTLESS PAYMENTS ACROSS NUMEROUS INDUSTRIES
        • GROWING NUMBER OF NFC-ENABLED SMARTPHONES
        • RISING DEMAND FOR NFC CHIPS IN CONSUMER ELECTRONICS
        • GOVERNMENT INITIATIVES TO PROMOTE CASHLESS TRANSACTION
      • KEY RESTRAINTS
        • EASY AVAILABILITY OF SUBSTITUTES SUCH AS BLUETOOTH, ZIGBEE, AND WI-FI
        • RISING DATA SECURITY AND PRIVACY CONCERNS
        • COMPLEXITY RELATED TO PRODUCT DESIGNING
        • HIGH COST OF NFC CHIPS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
        • RAW MATERIALS SUPPLIERS
        • MANUFACTURERS
        • DISTRIBUTORS
        • END-USERS
      • KEY BUYING CRITERIA
        • APPLICATION
        • PRICE
        • COMMUNICATION SPEED
        • STORAGE
      • REGULATORY FRAMEWORK
    2. MARKET BY PRODUCT
      • NON-AUXILIARY
      • AUXILIARY
    3. MARKET BY APPLICATION
      • TELEVISION
      • SMARTPHONE
      • MEDICAL EQUIPMENT
      • OTHER APPLICATIONS
    4. MARKET BY END-USER
      • CONSUMER ELECTRONICS
      • AUTOMOTIVE
      • RETAIL
      • BANKING AND FINANCE
      • MEDICAL
      • OTHER END-USERS
    5. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGE
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • BROADCOM INC
        • EM MICROELECTRONIC-MARIN SA
        • MARVELL TECHNOLOGY INC
        • MEDIATEK INC
        • MSTAR SEMICONDUCTOR
        • MURATA MANUFACTURING CO LTD
        • NXP SEMICONDUCTORS NV
        • QUALCOMM INCORPORATED
        • RENESAS ELECTRONICS CORPORATION
        • SAMSUNG ELECTRONICS CO LTD
        • SONY CORPORATION
        • STMICROELECTRONICS NV
        • TEXAS INSTRUMENTS INCORPORATED
        • TOSHIBA CORPORATION
        • VERIMATRIX (FORMERLY INSIDE SECURE)

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – NEAR FIELD COMMUNICATION (NFC) CHIPS

    TABLE 2: NFC BASED TRANSACTION SERVICES BY COMPANIES

    TABLE 3: LIST OF NFC-ENABLED SMARTPHONE MODELS & SMARTPHONE MANUFACTURERS

    TABLE 4: START-UPS IN NFC TECHNOLOGY

    TABLE 5: REGULATORY FRAMEWORK

    TABLE 6: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY PRODUCT, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 8: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 10: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 11: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 12: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 13: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 14: LEADING PLAYERS OPERATING IN ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET

    TABLE 15: LIST OF MERGERS & ACQUISITIONS

    TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 18: LIST OF BUSINESS EXPANSIONS & DIVESTITURES                        

    LIST OF FIGURES

    FIGURE 1: TIMELINE OF NEAR FIELD COMMUNICATION (NFC) CHIPS

    FIGURE 2: PROJECTED NFC-ENABLED SMARTPHONES, 2014-2020 (%)

    FIGURE 3: KEY MARKET TRENDS

    FIGURE 4: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 5: OPPORTUNITY MATRIX

    FIGURE 6: VENDOR LANDSCAPE

    FIGURE 7: VALUE CHAIN ANALYSIS

    FIGURE 8: KEY BUYING CRITERIA

    FIGURE 9: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2021

    FIGURE 10: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY NON-AUXILIARY, 2022-2030 (IN $ MILLION)

    FIGURE 11: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY AUXILIARY, 2022-2030 (IN $ MILLION)

    FIGURE 12: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

    FIGURE 13: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TELEVISION, 2022-2030 (IN $ MILLION)

    FIGURE 14: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY SMARTPHONE, 2022-2030 (IN $ MILLION)

    FIGURE 15: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY MEDICAL EQUIPMENT, 2022-2030 (IN $ MILLION)

    FIGURE 16: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY OTHER APPLICATIONS, 2022-2030 (IN $ MILLION)

    FIGURE 17: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 18: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY CONSUMER ELECTRONICS, 2022-2030 (IN $ MILLION)

    FIGURE 19: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY AUTOMOTIVE, 2022-2030 (IN $ MILLION)

    FIGURE 20: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY RETAIL, 2022-2030 (IN $ MILLION)

    FIGURE 21: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY BANKING AND FINANCE, 2022-2030 (IN $ MILLION)

    FIGURE 22: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY MEDICAL, 2022-2030 (IN $ MILLION)

    FIGURE 23: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY OTHER END-USERS, 2022-2030 (IN $ MILLION)

    FIGURE 24: ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 25: CHINA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 26: JAPAN NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 27: INDIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 28: SOUTH KOREA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 29: INDONESIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 30: THAILAND NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 31: VIETNAM NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 32: AUSTRALIA & NEW ZEALAND NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 33: REST OF ASIA-PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGE
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. MARKET BY END-USER
      • RETAIL
      • CONSUMER ELECTRONICS
      • MEDICAL
      • BANKING AND FINANCE
      • AUTOMOTIVE
      • OTHER END-USERS
    2. MARKET BY PRODUCT
      • NON-AUXILIARY
      • AUXILIARY
    3. MARKET BY APPLICATION
      • MEDICAL EQUIPMENT
      • TELEVISION
      • SMARTPHONE
      • OTHER APPLICATIONS

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