Dublin, April 17, 2019 (GLOBE NEWSWIRE) -- The "Global Near Field Communication (NFC) Chips Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The near field communication (NFC) chips market will register a CAGR of over 7% by 2023.

The increased penetration of smartphones is one of the key factors expected to foster the near field communication (NFC) chips market growth in the forthcoming years.

NFC-enabled smartphones are often being used for peer-to-peer communication and card emulator applications. Furthermore, the increasing application of NFC chips is encouraging OEMs for integrating NFC chips in their products. This will further drive the near field communication (NFC) chips market growth in the forthcoming years.

Increasing adoption of contactless payments

One of the growth drivers of the global near field communication (NFC) chips market is the increasing adoption of contactless payments. The rising prevalence of contactless payment and the increasing use of contactless cards and mobile payments are expected to drive the demand for NFC card readers across POS terminals.

Low awareness of NFC technology

One of the challenges in the growth of the global near field communication (NFC) chips market is the low awareness of NFC technology. With the reducing adoption of NFC chips in key market segments, the barrier to the growth of the market will increase. This will affect the unit shipment of NFC chips.

Competitive Landscape

The market appears to be moderately concentrated and with the presence of a few market players. Many smartphones OEMs are venturing into MST technology.

This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Key Players

• Broadcom
• NXP Semiconductors
• Qualcomm Technologies Inc.
• STMicroelectronics
• Texas Instruments Incorporated

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

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

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

• Comparison by 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
• Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic comparison
• APAC - Market size and forecast 2018-2023
• Americas - Market size and forecast 2018-2023
• EMEA - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

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

PART 11: VENDOR LANDSCAPE

• Overview
• Landscape disruption

PART 12: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Broadcom
• NXP Semiconductors
• Qualcomm Technologies Inc.
• STMicroelectronics
• Texas Instruments Incorporated

For more information about this report visit https://www.researchandmarkets.com/r/tgpvb6

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Related Topics: Near Field Communication