Growth of Near Field Communication (NFC) Chips Market to Be Impacted by the Increasing Demand for Smart Parking | Technavio

The market will decelerate at a CAGR of 7.41% between 2019-2023

Technavio has announced its latest market research report titled global near field communication (NFC) chips market 2019-2023. (Graphic: Business Wire)

LONDON--()--The report, NFC chips market 2019-2023, has been added to Technavio's catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on product (smartphones, smart wearables, POS terminals, and others) and geography (APAC, Americas, and EMEA) for the forecast period 2019-2023.

To learn more about the global trends impacting the future of market research: Download Free Sample Report

The report on the NFC chips market includes:

NFC chips market analysis and forecast 2019-2023: Features

  • Competitive landscape
  • Market segmentation
    • Product
    • Geography
  • Market drivers
  • Market trends
  • Market challenges
  • Five forces analysis
  • Market landscape
  • Market sizing & forecast

NFC Chips Market 2019-2023: Competitive landscape

  • Vendors covered
  • Vendor classification
    • Broadcom
    • NXP Semiconductors
    • Qualcomm Technologies, Inc.
    • STMicroelectronics
    • Texas Instruments Incorporated

NFC Chips Market Landscape 2019-2023: Geographic Landscape

  • APAC - Market size and forecast 2018-2023
  • The Americas - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • Key leading countries

     

NFC Chips Market Landscape 2019-2023: Product

  • Smartphones - Market size and forecast 2018-2023
  • Smart Wearables - Market size and forecast 2018-2023
  • POS Terminals - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023

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Increased adoption of contactless payments will drive the NFC chips market

Contactless payment minimizes the waiting time for customers to make the payment. To enable contactless transactions, manufacturers have integrated NFC chips into POS terminals. With the growing adoption of NFC chips by smartphone vendors, the purchase volume of NFC-enabled smartphones is increasing. These factors will boost the global market growth.

Increasing demand for smart parking – An emerging trend in the NFC chips market

Both private and public traffic management operators and parking service providers are implementing smart parking solutions. Issues such as, traffic congestion, loss of productive working hours, and difficulty in finding parking slots necessitate smart parking solutions. The increasing adoption of smart parking solutions will drive the need for NFC readers and access control readers, subsequently fueling the demand for NFC chips.

Other Key Topics Covered in the Report are:

MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

     

MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

     

Get Full Report: https://www.technavio.com/report/near-field-communication-(NFC)-chips-market-industry-analysis

CUSTOMER LANDSCAPE

DECISION FRAMEWORK

DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

MARKET TRENDS

  • Increasing demand for smart parking
  • Strategic alliances and partnerships
  • Mobile phone OEMs coming up with MST technology

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com.

Release Summary

The report, NFC chips market 2019-2023, has been added to Technavio's catalog.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com.