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INDIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET FORECAST 2022-2028

The India near field communication (NFC) chips market is anticipated to grow with a CAGR of 14.12% during the forecast period, 2022-2028, and is projected to reach $320.63 million in revenue by 2028.

INDIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET FORECAST 2022-2028

India 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)

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The India near field communication (NFC) chips market is anticipated to grow with a CAGR of 14.12% during the forecast period, 2022-2028, and is projected to reach $320.63 million in revenue by 2028.

The market in India is primarily driven by government initiatives such as ‘Digital India 2015’ that aim at promoting digital transactions in India. The National Institution for Transforming India (NITI Aayog) has set a long-term goal of converting 100% government-citizen transactions to a digital platform. Additionally, the Indian government has opted for a demonetization strategy to track black money and increase the adoption of digital transactions, further boosting the prospects of NFC chips in India.

India NFC Chips Market

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Near field communication chip is a small electronic device operating on a wireless link that uses magnetic field induction for transferring data and establishing a wireless connection. These chips enable faster accessibility and safe transfer of data wirelessly. No manual pairing is required with the other NFC-enabled devices when in the proximity of less than 10cms in a fraction of time. Thus, due to ease of connectivity, NFC chips have been increasingly deployed in various industries such as automotive, consumer electronics, medical, etc.

The miniaturization of electronic components coupled with obsolete cellular networks has impeded the India NFC chips market. Further, with the increase in the number of NFC-based transactions, the growing demand for NFC chips in consumer electronics, coupled with the increasing penetration of smartphones, is expected to propel the demand for NFC chips in India.

The India near field communication (NFC) chips market segment entails analysis by application, product, and end-user. The market by end-user can be sub-segmented into consumer automotive, banking and finance, medical, electronics, retail, and other end-users.

NFC chips are used in the healthcare sector to control the access provided to healthcare professionals to medical devices, clinics, and hospitals for tracking and logging every entry and exit of the medical professionals. NFC technology allows secured and logical access to the strategic medical information provided to healthcare professionals while enabling real-time health updates on patient care.

Moreover, NFC-driven wristbands and medical bracelets provide real-time health information considering the key healthcare parameters such as blood pressure, heartbeat, blood sugar level, etc., to both the patients and doctors on their smartphones to strategically initiate or change the treatment. The substantial adoption of NFC-based medical equipment for timely and accurate health tracking of patients is expected to boost the NFC chip market growth in the medical segment.

Furthermore, NFC technology’s transportation and logistics processes are made highly efficient as they don’t require manual or optical scanning of the products while preventing the theft of products being transported elsewhere. Moreover, a smart ticketing application for airlines also drives the adoption of NFC chips on airline tickets to enable seamless transportation.

Some key market players in the India near field communication (NFC) chips market comprise Samsung Electronics Co Ltd, Qualcomm Incorporated, Siva IoT (Siva Group), Sony Corporation, etc.

Sony Corporation is a manufacturer, developer, designer, and marketer of video, audio, communications, game, information technology, and imaging products. The company sells products to the professional, industrial, and consumer markets. The group operates in the financial services, electronics, and entertainment segments. Sony offers a wide range of products, including accessories, tablets, portable game consoles, and mobile phones applications. Sony operates across Africa, Latin America, Europe, Asia-Pacific, North America, and the Middle East & Africa. The company headquarter is located in Tokyo, Japan.

Sony’s one of the key product, the AES IC chip, is a 4 Kbyte EEPROM size type, which has a 13.56 MHz operating frequency and storage temperature of -55℃ to +125℃. Its communication speed is 212 kbps and 424 kbps and is automatically switchable.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2028
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Product, End-User, Application
Companies Analyzed

Broadcom Inc, NXP Semiconductors NV, Qualcomm Incorporated, Samsung Electronics Co Ltd, Siva IoT (Siva Group), Sony Corporation, Texas Instruments Incorporated, Toshiba Corporation

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • COUNTRY SNAPSHOT
      • COUNTRY ANALYSIS
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
    3. KEY ANALYTICS
      • IMPACT OF COVID-19 ON NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET
      • PESTLE ANALYSIS
      • KEY MARKET TRENDS
      • PARENT MARKET ANALYSIS: WIRELESS CONNECTIVITY MARKET
      • TIMELINE OF NEAR FIELD COMMUNICATION (NFC) CHIPS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VALUE CHAIN ANALYSIS
        • RAW MATERIALS SUPPLIERS
        • MANUFACTURERS
        • DISTRIBUTORS
        • END-USERS
      • KEY BUYING CRITERIA
        • APPLICATION
        • PRICE
        • COMMUNICATION SPEED
        • STORAGE
    1. MARKET BY PRODUCT
      • NON-AUXILIARY
      • AUXILIARY
    2. MARKET BY APPLICATION
      • TELEVISION
      • SMARTPHONE
      • MEDICAL EQUIPMENT
      • OTHER APPLICATIONS
    3. MARKET BY END-USER
      • CONSUMER ELECTRONICS
      • AUTOMOTIVE
      • RETAIL
      • BANKING AND FINANCE
      • MEDICAL
      • OTHER END-USERS
    4. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • BROADCOM INC
        • NXP SEMICONDUCTORS NV
        • QUALCOMM INCORPORATED
        • SAMSUNG ELECTRONICS CO LTD
        • SIVA IOT (SIVA GROUP)
        • SONY CORPORATION
        • TEXAS INSTRUMENTS INCORPORATED
        • TOSHIBA CORPORATION

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

    TABLE 6: INDIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY PRODUCT, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 7: INDIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 8: INDIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 9: INDIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 10: INDIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY END-USERS, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 11: LIST OF MERGERS & ACQUISITIONS

    TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 14: 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: INDIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2021

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

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

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

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

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

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

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

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

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

    FIGURE 19: INDIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)

    FIGURE 20: INDIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY RETAIL, 2022-2028 (IN $ MILLION)

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

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

    FIGURE 23: INDIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)       

    1. MARKET BY PRODUCT
      • AUXILIARY
      • NON-AUXILIARY
    2. MARKET BY END-USER
      • BANKING AND FINANCE
      • CONSUMER ELECTRONICS
      • MEDICAL
      • RETAIL
      • AUTOMOTIVE
      • OTHER END-USERS
    3. MARKET BY APPLICATION
      • SMARTPHONE
      • MEDICAL EQUIPMENT
      • TELEVISION
      • OTHER APPLICATIONS

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