Analysis on North America's Near Field Communication (NFC) Chips Market 2019-2027 - Growing Number of Start-ups and High R&D Expenditure in the Field of NFC Spurs Opportunities

10/22, 12:55 PM (Source: GlobeNewswire)

Dublin, Oct. 22, 2019 (GLOBE NEWSWIRE) -- The "North America Near Field Communication (NFC) Chips Market 2019-2027" report has been added to ResearchAndMarkets.com's offering.

This report states that the market is anticipated to flourish with a CAGR of 24.15% in the estimated years 2019-2027.

The countries of the United States and Canada together form the market for near field communication chips for the North American region.

The Canada near field communication chips market is primarily driven mainly due to the growing adoption of near field communication chips and the rising penetration of smartphones in the country. The adoption of NFC chips is continuously rising, as these chips enable to make the transaction safe & secure, which directly influences the growth of the near field communication chips market in Canada.

Furthermore, the rising penetration of smartphones also drives the near field communication chips market in the country during the forecast years. According to the Catalyst Organization (Canada), the rate of smartphone penetration shot up to 68% in 2015, representing a year-over-year growth of 24%. This growth in the number of smartphone users is an important fact demonstrating the quick progression of the mobile revolution.

The growth in the usage of smartphones would raise the demand for NFC chips, as they are mainly deployed in smartphones for the purpose of transferring data & information, that positively influences the growth of the near field communication chips market in Canada.

Competitive Outlook

The prominent companies in the market are Mediatek, Inc., Toshiba Corporation, Renesas Electronics Corporation, STMicroelectronics N.V., MStar Semiconductor, Inc., Broadcom Corporation, EM Microelectronic-Marin S.A., Qualcomm, Inc., Marvell Technology Group Ltd., Samsung Semiconductor, Inc., NXP Semiconductors N.V., Sony Corporation, Murata Manufacturing Co., Ltd., Inside Secure S.A. and Texas Instruments, Inc.

Key Topics Covered

1. North America Near Field Communication (Nfc) Chips Market - Summary

2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.3. Evolution & Transition of Near Field Communication (Nfc) Chips
2.4. Porter's Five Force Analysis
2.5. Market Attractiveness Matrix
2.6. Industry Components
2.7. Regulatory Framework
2.8. Vendor Scorecard
2.9. Key Impact Analysis
2.10. Market Opportunity Insights
2.11. Industry Player Positioning
2.12. Key Market Strategies
2.13. Market Drivers
2.13.1. Increasing Number of Nfc-Based Digital Transactions
2.13.2. High Penetration of Nfc-Enabled Smartphones
2.13.3. Significant Adoption of Nfc Technology in Consumer Electronics
2.13.4. Governments Across the Globe Encouraging Cashless Transactions
2.14. Market Restraints
2.14.1. Higher Costs of Nfc Chips
2.14.2. Security Concerns Related to Data
2.14.3. Difficulties in Product Designing
2.15. Market Opportunities
2.15.1. Growing Number of Startups in the Field of Nfc
2.15.2. Integration of Nfc With Medical Equipment
2.15.3. High Research & Development Expenditure in the Field of Nfc
2.16. Market Challenges
2.16.1. Lack of Awareness
2.16.2. Easy Availability of Substitutes
2.16.3. Interoperability Issues

3. North America Near Field Communication (Nfc) Chips Market Outlook - By Product Type
3.1. Auxiliary
3.2. Non-Auxiliary

4. North America Near Field Communication (Nfc) Chips Market Outlook - By Application
4.1. Television
4.2. Medical Equipment
4.3. Smartphone
4.4. Other Applications

5. North America Near Field Communication (Nfc) Chips Market Outlook - By Verticals
5.1. Consumer Electronics
5.2. Automotive
5.3. Retail
5.4. Banking & Finance
5.5. Medical
5.6. Other Verticals

6. North America Near Field Communication (Nfc) Chips Market - Regional Outlook
6.1. United States
6.2. Canada

7. Competitive Landscape
7.1. Broadcom Corporation
7.2. EM Microelectronic-Marin S.A.
7.3. Inside Secure S.A.
7.4. Marvell Technology Group Ltd.
7.5. Mediatek, Inc.
7.6. Mstar Semiconductor, Inc.
7.7. Murata Manufacturing Co., Ltd.
7.8. NXP Semiconductors N.V.
7.9. Qualcomm, Inc.
7.10. Renesas Electronics Corporation
7.11. Samsung Semiconductor, Inc.
7.12. Sony Corporation
7.13. STMicroelectronics N.V.
7.14. Texas Instruments, Inc.
7.15. Toshiba Corporation

For more information about this report visit https://www.researchandmarkets.com/r/a34lbj

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Press Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900

Primary Logo

Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.