The North America near field communication (NFC) chips market is set to project with a CAGR of 11.97% during the forecast period, 2022-2030, and the revenue is anticipated to reach $2768.25 million by 2030.

NORTH AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET FORECAST 2022-2030

North America 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 North America near field communication (NFC) chips market is set to project with a CAGR of 11.97% during the forecast period, 2022-2030, and the revenue is anticipated to reach $2768.25 million by 2030.

North America is one of the leading regions in the global near field communication (NFC) chips market, with NFC-enabled smartphones holding the highest penetration. It is expected to become a standard feature in smartphones used in the region over the upcoming years because of ongoing product developments by leading smartphone providers. Moreover, rising concerns about secure communication also encourage mobile manufacturers to integrate NFC technology in smartphones.

North America NFC Chips Market

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The North America near field communication (NFC) chips market growth analysis includes the evaluation of the United States and Canada. The growing adoption of chip-based cards for payment purposes in the United States positively influences the market growth. According to the Federal Reserve Government (United States), general-purpose card payments reached around 1.5 billion, increasing from the previous figure of 41 million. The numbers indicate high adoption of chip-based cards in the United States, thus directly impacting the near field communication (NFC) chips market during the forecast period.

Furthermore, the United States market is mainly driven by the rising adoption of NFC-enabled transactions and government support for digital transactions and chip-based cards for payment purposes. The surge in the number of NFC-enabled transactions is due to the benefits offered by this technique, as the debit or credit card information can be digitally stored on mobile devices through various payment applications.

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

The notable adoption of NFC technology in consumer electronics is expected to boost the growth of the consumer electronics market. Consumer electronics such as televisions, cameras, washing machines, fridges, projectors, etc., extensively deploy NFC for easy contactless operations. The connection between electronic devices with consumables and accessories can be authenticated and identified without any user interference or interaction. The notable use of NFC technology in consumer electronics is expected to boost the growth NFCs in the electronics market.

Moreover, near-field communication chips are used across retail products to simplify and enhance the shopping experience. The shoppers on the store floor are helped by displaying detailed information regarding any product and supporting the overall customer checkout process. Furthermore, store personnel may deploy advanced NFC-based retail solutions to procure detailed information about products while better serving their customers. Also, NFC tags and RFID chips are being integrated into goods for marking purposes to prevent thefts during transportation. It also helps in the simpler identification of specific goods with detailed information on smartphones and other handheld devices to identify goods transported to their destination.

Some key market players operating in the North America near field communication (NFC) chips market include Broadcom Corporation, Marvell Technology Group, NXP Semiconductors NV, Texas Instruments Incorporated, etc.

Marvell Technology Group manufactures and develops semiconductors and has a core competency in designing and engineering, while the manufacturing process is outsourced from emerging lucrative markets. Marvell operates in major segments of cloud, automotive, consumer, and industrial markets. The major product offerings of the company are divided into storage, networking, and connectivity. The company’s major operations are in Europe, Israel, India, China, and Singapore. It is headquartered in Hamilton, California.

Marvell’s key semiconductor, Avastar 88W8887, reduces RBOM and simplifies layout design for fast time-to-market. It is equipped with internal coexistence arbitration and a Mobile Wireless Systems (MWS) serial transport interface. Avastar 88W8887 can be used in smartphones and tablets, mobile routers, printer cameras, etc.

Report Synopsis

Report ScopeDetails
Market Forecast Years2022-2030
Base Year2021
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments AnalyzedProduct, End-User, Application
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
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    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: NORTH AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

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

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

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

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

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

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

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

    TABLE 14: LEADING PLAYERS OPERATING IN NORTH AMERICA 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: NORTH AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2021

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    FIGURE 24: NORTH AMERICA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

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

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

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. MARKET BY APPLICATION
      • TELEVISION
      • SMARTPHONE
      • MEDICAL EQUIPMENT
      • OTHER APPLICATIONS
    2. MARKET BY PRODUCT
      • AUXILIARY
      • NON-AUXILIARY
    3. MARKET BY END-USER
      • AUTOMOTIVE
      • BANKING AND FINANCE
      • RETAIL
      • MEDICAL
      • CONSUMER ELECTRONICS
      • OTHER END-USERS

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