1. Market Research
  2. > Advanced IT
  3. > Wireless Technology Market Trends
NFC Chip Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Storage Capacity and End User

NFC Chip Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Storage Capacity and End User

  • February 2022
  • 172 pages
  • ID: 6244583
  • Format: PDF
  • The Insight Partners


Table of Contents

Search Inside

The NFC chip market is expected to reach US$ 17,827.0 million by 2028 from US$ 8,714.4 million in 2021; it is estimated to grow at a CAGR of 6.7% from 2021 to 2028. The overall market has been segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa, and South and Central America. NFC chips enable phones and laptops to share data with other NFC-equipped devices. Contactless payment systems, like credit cards and e-ticket smartcards, use NFC devices to enable mobile payments to replace or complement these systems, also known as NFC/CTLS (contactless) or CTLS NFC devices.

Automotive, air transport, public transportation, retail, and medical are crucial end users of NFC technology.To get a competitive edge in the present market scenario, stakeholders in the current NFC chip market are actively pursuing collaboration opportunities with other competitors in the market.

The emergence of special interest groups (SIGs) has fueled the development of future-proof new creative solutions based on NFC technology.Further, the growing need for NFC chips for NFC payments is boosting the worldwide NFC chip market in the future The global near-field communication (NFC) tags market is growing due to the rising popularity of smartphones, increasing popularity of wearable technology, and the focus shifts to providing better consumer experiences.

However, its limited operational range and security concerns hampered the market’s expansion. On the other hand, rising technological improvements in NFC will create further opportunities for the market.

The global NFC chip market is segmented into type, storage capacity, end-user, and geography.On the basis of type, the NFC chip market is segmented into active and passive.

Based on storage capacity, the market is segmented into 64 bytes, 168 bytes, 180 bytes, and 540 bytes. Based on end-user, the market is segmented into consumer electronics, automotive, retail, healthcare, and others.

In September 2011, the NFC Technology was introduced for the first time into smartphones and is now integrated widely into many mobile phones, such as Android or iOS based.Any NFC-enabled smartphone makes use of an NFC controller chip that is connected to an NFC antenna.

The US is one of the biggest markets for smartphones. The penetration of smartphones in the US in 2020 was around 81.6% which increased to 82.2% in 2021. Along with smartphones, consumer electronic products, such as televisions, speakers, refrigerators, cameras, and washing machines, use NFC chips to support contactless data transfer. In 2021, consumer electronics retail sales in the US were around US$ 440 billion. The penetration of smartphones in Mexico in 2020 was around 54.4% which increased to 57.4% in 2021. Canada is one of the best-connected countries with respect to mobile communication. The country had about 33 million mobile subscribers in 2019. NFC chips also find significant use across security checkpoints at various airports. In the US, John F Kennedy International Airport; Orlando International Airport; LaGuardia Airport; and Newark Liberty International Airport are amongst the 10 US airports that are ready for billion-dollar expansions. Thus, increasing penetration of smartphones, growing demand for smart consumer electronics, and rising investment in the aviation sector drive the requirement for respective NFC chips across the North American region.

AMS AG, Broadcom Inc., Identiv, Inc; Toshiba Corporation, Intel Corporation, NXP Semiconductors, Samsung Electronics Co., Ltd.; Qualcomm Technologies, Inc.; STMicroelectronics, Texas Instruments Incorporated are among the key players operating in the global NFC chip market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

North America NFC POS Terminal Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type and Application

  • $ 3000
  • April 2021
  • 72 pages

The NFC POS terminal market in North America is expected to grow from US$ 1,145.4 million in 2019 to US$ 3,224.9 million by 2027; it is estimated to grow at a CAGR of 14.1% from 2020 to 2027. Increase ...

  • North America
  • Near Field Communication
  • Mobile Payment
  • Industry analysis
  • Contactless Payments
  • Non-Cash Payments


Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on