Analysis By Type (Active and Passive), Storage Capacity (64 Bytes, 180 Bytes, 540 Bytes, and Others), and End User (Consumer Electronics, Automotive, Healthcare, Retail, Medical, and Others)
No. of Pages:118
Report Code:
TIPRE00028774
Category:
Technology, Media and Telecommunications
The Middle East and Africa NFC chip market is expected to reach US$ 1191.20 million by 2028 from an estimated value of US$ 725.18 million in 2021. It is estimated to rise at a CAGR of 7.3% from 2021 to 2028.
The growth in the market is due to the surge in the uptake of NFC-enabled wearable technology and the increasing demand for contactless payment. However, short operational range and security concerns are expected to restrict the market growth during the forecast period.
Wearable technology is a new trend that integrates electronics into daily activities and responds to changing lifestyles by allowing devices to be worn on any part of the body. Wearable technology is driven by factors, such as connecting to the internet and giving data exchange choices between a network and a device.
Due to the surge in the fitness trend among consumers, wearable has received a lot of popularity. According to Cisco Systems, linked wearable devices are predicted to rise from 593 million in 2018 to 1,105 million by the end of 2022, owing to additional features, such as the brand that suits the everyday lifestyle. Strong brands, such as Apple and Fossil, keep their pricing constant with typical watch price bands to preserve their sales. Many additional premium watchmakers, such as TAG and Armani, have entered the segment due to Google's WearOS.
Despite significant space and power constraints, intelligent wearables and IoT devices are becoming increasingly popular by adding additional functions. When a wearable gadget has NFC capabilities, it can be used to pay at a store, use public transportation, or gain entrance to an office building. SECORA Connect, for example, is a solution family from Infineon that addresses the growing popularity of smart wearables and IoT devices. It is a system solution that can be implemented into smart wearables to enable contactless secured payment, transportation ticketing, and other applications, using NFC technology. These factors are expected to drive the NFC chip market during the forecast period.
Middle East and Africa NFC Chip Market Revenue and Forecast to 2028 (US$ Mn)
MIDDLE EAST AND AFRICA NFC CHIP MARKET SEGMENTATION
By Type
Active
Passive
By Storage Capacity
64 Bytes
180 Bytes
540 Bytes
Others
By End User
Consumer Electronics
Automotive and Transportation
Retail
Healthcare
Others
By Country
South Africa
Saudi Arabia
UAE
Rest of MEA
Company Profiles
Broadcom Inc.
INFINEON TECHNOLOGIES AG
Toshiba Corporation
Intel Corporation
NXP Semiconductors
Samsung Electronics Co., Ltd.
STMicroelectronics
Texas Instruments Incorporate
Middle East and Africa NFC Chip Market Strategic Insights
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Middle East and Africa NFC Chip Market Segmentation Analysis
Middle East and Africa NFC Chip Market Report Highlights
Middle East and Africa NFC Chip Report Scope
Report Attribute
Details
Market size in 2021
US$ 725.18 Million
Market Size by 2028
US$ 1191.20 Million
CAGR (2021 - 2028)
7.3%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Type
Active and Passive
By Storage Capacity
64 Bytes
180 Bytes
540 Bytes
By End User
Consumer Electronics
Automotive
Healthcare
Retail
Medical
Regions and Countries Covered
Middle East and Africa
South Africa
Saudi Arabia
UAE
Rest of Middle East and Africa
Market leaders and key company profiles
Broadcom Inc.
INFINEON TECHNOLOGIES AG
Toshiba Corporation
Intel Corporation
NXP Semiconductors
Samsung Electronics Co., Ltd.
STMicroelectronics
Texas Instruments Incorporated
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Middle East and Africa NFC Chip Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - Middle East and Africa NFC Chip Market
Broadcom Inc.
INFINEON TECHNOLOGIES AG
Toshiba Corporation
Intel Corporation
NXP Semiconductors
Samsung Electronics Co., Ltd.
STMicroelectronics
Texas Instruments Incorporated
Frequently Asked Questions
How big is the Middle East and Africa NFC Chip Market?
The Middle East and Africa NFC Chip Market is valued at US$ 725.18 Million in 2021, it is projected to reach US$ 1191.20 Million by 2028.
What is the CAGR for Middle East and Africa NFC Chip Market by (2021 - 2028)?
As per our report Middle East and Africa NFC Chip Market, the market size is valued at US$ 725.18 Million in 2021, projecting it to reach US$ 1191.20 Million by 2028. This translates to a CAGR of approximately 7.3% during the forecast period.
What segments are covered in this report?
The Middle East and Africa NFC Chip Market report typically cover these key segments-
Type (Active and Passive)
Storage Capacity (64 Bytes, 180 Bytes, 540 Bytes)
End User (Consumer Electronics, Automotive, Healthcare, Retail, Medical)
What is the historic period, base year, and forecast period taken for Middle East and Africa NFC Chip Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa NFC Chip Market report:
Historic Period : 2019-2020
Base Year : 2021
Forecast Period : 2022-2028
Who are the major players in Middle East and Africa NFC Chip Market?
The Middle East and Africa NFC Chip Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Broadcom Inc.
INFINEON TECHNOLOGIES AG
Toshiba Corporation
Intel Corporation
NXP Semiconductors
Samsung Electronics Co., Ltd.
STMicroelectronics
Texas Instruments Incorporated
Who should buy this report?
The Middle East and Africa NFC Chip Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Middle East and Africa NFC Chip Market value chain can benefit from the information contained in a comprehensive market report.
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