Middle East and Africa NFC Chip Market Forecast to 2028 - COVID-19 Impact and Regional 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)
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)
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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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. NFC Chip Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Middle East and Africa – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. NFC Chip Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Proliferation of NFC-based Smartphones
5.1.2 Rising Demand for Contactless Payment
5.2 Market Restraints
5.2.1 Short Operational Range and Security Concerns
5.3 Market Opportunities
5.3.1 Integration of NFCs with Medical Equipment
5.4 Future Trends
5.4.1 Surge in Adoption of NFC-Enabled Wearable Technology
5.5 Impact Analysis of Drivers and Restraints
6. Middle East and Africa NFC Chip Market – Country Analysis
6.1 NFC Chip Market Middle East and Africa Overview
6.2 NFC Chip Market – Middle East and Africa Revenue and Forecast to 2028 (US$ Million)
7. NFC Chip Market Analysis – By Storage Capacity
7.1 Overview
7.2 NFC Chip Market, By Storage Capacity (2020 and 2028)
7.3 Bytes
7.3.1 Bytes: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Bytes
7.4.1 Bytes: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Bytes
7.5.1 Bytes: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Others: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
8. NFC Chip Market Analysis – By Type
8.1 Overview
8.2 NFC Chip Market, By Type (2020 and 2028)
8.3 Active
8.3.1 Overview
8.3.2 Active: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Passive
8.4.1 Overview
8.4.2 Passive: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
9. NFC Chip Market Analysis – By End User
9.1 Overview
9.2 NFC Chip Market, By End User (2020 and 2028)
9.3 Consumer Electronics
9.3.1 Overview
9.3.2 Consumer Electronics: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Automotive & Transportation
9.4.1 Overview
9.4.2 Automotive & Transportation: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Retail
9.5.1 Overview
9.5.2 Retail: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Healthcare
9.6.1 Overview
9.6.2 Healthcare: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10. NFC Chip Market – Middle East and Africa Analysis
10.1 MEA: NFC Chip Market
10.1.1 MEA: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2 MEA: NFC Chip Market, by Type
10.1.3 MEA: NFC Chip Market, by Storage Capacity
10.1.4 MEA: NFC Chip Market, by End User
10.1.5 MEA: NFC Chip Market, by Key Country
10.1.5.1 South Africa: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.1.1 South Africa: NFC Chip Market, by Type
10.1.5.1.2 South Africa: NFC Chip Market, by Storage Capacity
10.1.5.1.3 South Africa: NFC Chip Market, by End User
10.1.5.2 Saudi Arabia: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.2.1 Saudi Arabia: NFC Chip Market, by Type
10.1.5.2.2 Saudi Arabia: NFC Chip Market, by Storage Capacity
10.1.5.2.3 Saudi Arabia: NFC Chip Market, by End User
10.1.5.3 UAE: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.3.1 UAE: NFC Chip Market, by Type
10.1.5.3.2 UAE: NFC Chip Market, by Storage Capacity
10.1.5.3.3 UAE: NFC Chip Market, by End User
10.1.5.4 Rest of MEA: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.4.1 Rest of MEA: NFC Chip Market, by Type
10.1.5.4.2 Rest of MEA: NFC Chip Market, by Storage Capacity
10.1.5.4.3 Rest of MEA: NFC Chip Market, by End User
11. Impact of COVID-19 Pandemic on Middle East and Africa NFC Chip Market
11.1 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
13. Company Profiles
13.1 Broadcom Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 INFINEON TECHNOLOGIES AG
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Toshiba Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Intel Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 NXP Semiconductors
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Samsung Electronics Co., Ltd.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 STMicroelectronics
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Texas Instruments Incorporated
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. MEA: NFC Chip Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 2. MEA: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 3. MEA: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 6. South Africa: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Saudi Arabia: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 9. Said Arabia: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. UAE: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 12. UAE: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of MEA: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of MEA: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of MEA: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 16. List of Abbreviation
LIST OF FIGURES
Figure 1. NFC Chip Market Segmentation
Figure 2. NFC Chip Market Segmentation – By Country
Figure 3. Middle East and Africa NFC Chip Market Overview
Figure 4. Passive Segment Held the Largest Market Share in 2020
Figure 5. Bytes Segment Held the Largest Market Share in 2020
Figure 6. Consumer Electronics Segment Held the Largest Market Share in 2020
Figure 7. Saudi Arabia was the Largest Revenue Contributor in 2020
Figure 8. Middle East and Africa – PEST Analysis
Figure 9. NFC Chip Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. NFC Chip Market: Impact Analysis of Drivers and Restraints
Figure 12. Middle East and Africa NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. NFC Chip Market Revenue Share, by Storage Capacity (2020 and 2028)
Figure 14. Bytes: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Bytes: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Bytes: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Others: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. NFC Chip Market Revenue Share, by Type (2020 and 2028)
Figure 19. Active: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Passive: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. NFC Chip Market Revenue Share, by End User (2020 and 2028)
Figure 22. Consumer Electronics: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Automotive & Transportation: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Retail: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Healthcare: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Others: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. MEA: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. MEA: NFC Chip Market Revenue Share, by Type (2020 and 2028)
Figure 29. MEA: NFC Chip Market Revenue Share, by Storage Capacity (2020 and 2028)
Figure 30. MEA: NFC Chip Market Revenue Share, by End User (2020 and 2028)
Figure 31. MEA: NFC Chip Market Revenue Share, by Key Country (2020 and 2028)
Figure 32. South Africa: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Saudi Arabia: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. UAE: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of MEA: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
- Broadcom Inc.
- INFINEON TECHNOLOGIES AG
- Toshiba Corporation
- Intel Corporation
- NXP Semiconductors
- Samsung Electronics Co., Ltd.
- STMicroelectronics
- Texas Instruments Incorporated
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