North America 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 North America NFC chip market is expected to reach US$ 6197.94 million by 2028 from an estimated value of US$ 3156.81 million in 2021. It is estimated to rise at a CAGR of 10.1% from 2021 to 2028.
The market's growth is due to the proliferation of NFC-based smartphones and the rising demand for contactless payment. However, short operational range and security concerns are expected to restrict the market growth during the forecast period.
Smartphones have become an integral component of the lives of today's consumers. Consumers are using their cell phones to make quicker and faster payments in addition to traditional ways of communication. NFC is a handy means of payment since it combines a consumer's mobile device with their wallet. It allows users to conduct mobile transactions, trade digital material quickly, and link their devices to other devices by touch. As a result, the number of devices equipped with NFC technology is growing. This helps the expansion and popularity of NFC technology in emerging markets.
NFC chips make user interfaces easier to use, making them more practical in consumer products. Smartphone manufacturers, such as Apple and Samsung, include NFC chips in their handsets, resulting in increased demand for NFC chips among mobile phone manufacturers. NFC chips are used in consumer electrical devices, such as speakers, televisions, cameras, refrigerators, washing machines, and smartphones.
Furthermore, the adoption of digitalization and enhanced communication technologies is driving NFC chip demand. For example, Android Beam is a function present in every NFC-enabled Android smartphone. Users may exchange media and contacts with another Android smartphone by merely keeping their phones close. As NFC takes less power to operate and can occasionally work without electricity, it is a convenient way to share digital files.
NFC also operates in a peer-to-peer mode, apart from mobile payments and the smart distribution of information. It enables two smartphones to exchange contacts, calendar activities, website links, images, and even video clips, similar to Bluetooth and Wi-Fi. Retail owners and business partners can maximize the functionality in the following ways:
• Exchanging papers, deals, and plans for companies
• Participating in fast meetings, exchanging media files and advertisement paraphernalia
• Passing funds to one another using a mobile device
Given these characteristics, near-field communication is a promising exchange and trade solution. Small retail businesses would improve their profits by offering their customers smooth and more accessible transactions.
North America NFC Chip Market Revenue and Forecast to 2028 (US$ Mn)
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NORTH AMERICA 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
- US
- Canada
- Mexico
Company Profiles
- Broadcom Inc.
- INFINEON TECHNOLOGIES AG
- Identiv, Inc
- Toshiba Corporation
- Intel Corporation
- NXP Semiconductors
- Samsung Electronics Co., Ltd.
- Qualcomm Technologies, Inc.
- STMicroelectronics
- Texas Instruments Incorporated
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 North America – 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. North America NFC Chip Market –Regional Analysis
6.1 NFC Chip Market North America Overview
6.2 NFC Chip Market – North America 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. North America NFC Chip Market – Country Analysis
10.1 North America: NFC Chip Market
10.1.1 North America: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2 North America: NFC Chip Market, by Type
10.1.3 North America: NFC Chip Market, by Storage Capacity
10.1.4 North America: NFC Chip Market, by End User
10.1.5 North America: NFC Chip Market, by Key Country
10.1.5.1 US: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.1.1 US: NFC Chip Market, by Type
10.1.5.1.2 US: NFC Chip Market, by Storage Capacity
10.1.5.1.3 US: NFC Chip Market, by End User
10.1.5.2 Canada: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.2.1 Canada: NFC Chip Market, by Type
10.1.5.2.2 Canada: NFC Chip Market, by Storage Capacity
10.1.5.2.3 Canada: NFC Chip Market, by End User
10.1.5.3 Mexico: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.3.1 Mexico: NFC Chip Market, by Type
10.1.5.3.2 Mexico: NFC Chip Market, by Storage Capacity
10.1.5.3.3 Mexico: NFC Chip Market, by End User
11. Impact of COVID-19 Pandemic on North America NFC Chip Market
11.1 North America: 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 Identiv, Inc
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 Toshiba 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 Intel Corporation
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 NXP Semiconductors
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 Samsung Electronics Co., Ltd.
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 Qualcomm Technologies, Inc.
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
13.9 STMicroelectronics
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Texas Instruments Incorporated
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: NFC Chip Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: NFC Chip Market, by Storage Capacity –Revenue and Forecast to 2028 (US$ Million)
Table 6. US: NFC Chip Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: NFC Chip Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: NFC Chip Market, by Storage Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: NFC Chip Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 13. List of Abbreviation
LIST OF FIGURES
Figure 1. NFC Chip Market Segmentation
Figure 2. NFC Chip Market Segmentation – By Country
Figure 3. North America 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. United States was the Largest Revenue Contributor in 2020
Figure 8. North America – 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. North America 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. North America: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America: NFC Chip Market Revenue Share, by Type (2020 and 2028)
Figure 29. North America: NFC Chip Market Revenue Share, by Storage Capacity (2020 and 2028)
Figure 30. North America: NFC Chip Market Revenue Share, by End User (2020 and 2028)
Figure 31. North America: NFC Chip Market Revenue Share, by Key Country (2020 and 2028)
Figure 32. US: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Canada: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Mexico: NFC Chip Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Impact of COVID-19 Pandemic in North American Country Markets
- Broadcom Inc.
- INFINEON TECHNOLOGIES AG
- Identiv, Inc
- Toshiba Corporation
- Intel Corporation
- NXP Semiconductors
- Samsung Electronics Co., Ltd.
- Qualcomm Technologies, Inc.
- STMicroelectronics
- Texas Instruments Incorporated
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