How big is the NFC Chips Market?

The NFC Chips Market size is expected to reach USD 2.14 billion in 2024 and grow at a CAGR of 14.80% to reach USD 4.28 billion by 2029. Read More

What is the current NFC Chips Market size?

In 2024, the NFC Chips Market size is expected to reach USD 2.14 billion. Read More

Who are the key players in NFC Chips Market?

NXP Semiconductors N.V., STMicroelectronics N.V., Infineon Technologies AG, HID Global and Texas Instruments Incorporated are the major companies operating in the NFC Chips Market. Read More

Which is the fastest growing region in NFC Chips Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in NFC Chips Market?

In 2024, the North America accounts for the largest market share in NFC Chips Market. Read More

What years does this NFC Chips Market cover, and what was the market size in 2023?

In 2023, the NFC Chips Market size was estimated at USD 1.82 billion. The report covers the NFC Chips Market historical market size for years: 2022 and 2023. The report also forecasts the NFC Chips Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

NFC Chips Market Share

Statistics for the 2023 & 2024 NFC Chips market share, created by Mordor Intelligence™ Industry Reports. NFC Chips share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of NFC Chips Industry

The NFC chips market is fragmented and consists of several players like NXP Semiconductors, Infineon Technologies, HID Global, Texas Instruments Incorporated, and Toshiba Electronic Devices & Storage Corporation. These companies continuously try to increase their market presence by introducing new products, expanding their operations, or entering into strategic mergers and acquisitions, partnerships, and collaborations.

September 2023: Zebra Technologies Corporation launched Zebra Pay to enable businesses to accept payment from all major credit card brands and payment technologies, including NFC-contactless chip, tap, and magnetic stripe for the hospitality, retail, field mobility, entertainment, and logistics industries.
March 2023: NXP Semiconductors launched a chip PN7642 that integrates a microcontroller, an NFC front end, and security into a single IC. The PN7642 enables internal key storage and hardware crypto processing to accelerate the secure authentication in hardware.