Global NFC Chips Market : Applications and Global Markets

The global near field communication (NFC chips) market is anticipated to witness a tremendous growth in the period from 2016 to 2024 on account of the versatility and convenience of NFC chips. These chips also provide enhanced safety, driving their demand. The growing need for secure transactions can be felt worldwide and this is boosting the growth of the NFC chips market. NFC requires PIN and does not provide retailers with credit card information about users and thus, more secure.

Also, the use of NFC causes no hassle and is easy to use for wide range of applications such as contactless payments, for providing authentication of information when required, and for information sharing. It is thus, no wonder that NFC is replacing other short range communication technologies such as Bluetooth. The growing adoption of NFC technology in smart phones and smart cameras is slated to fuel the growth of the NFC chips market in the years to come.

Obtain Report Details @

There is a need for efficiency and reliable mode of information sharing and this is driving the adoption of NFC chips. The requirement of faster access to data across industries is also a key factor behind the growing popularity of near field communication technology. The growing advancements and investments by players within the market are expected to help the market to grow within the forecast period.

North America emerged as the leading regional segment within the NFC chips market, accounting for 34% of the market in 2015. The key factor behind the growth of this market in North America is the partnerships between banks and enterprises, which is helping in tokenizing the cards that use NFC chips.

The Asia Pacific NFC chips market is slated to expand at a 27.90% CAGR between 2016 and 2024 on account of the growing penetration or use of smart phones in the region.

Make an Enquiry @

Smartphones are a key application area of NFC and thus, the smartphones segment has been leading in the NFC market. The growing demand for smartphones and increasing adoption of newer technologies is aiding the growth of this segment. The medical equipment and television segments are not far behind in terms of growth. The increasing disposable income of consumers worldwide will lead to a healthy growth of the television segment.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.


Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453

Designed by
Powered by