Technology News & Trends

  NFC Chips Market: Introduction Transparency Market Research delivers key insights on the global  NFC chips market.  In terms of revenue, the global NFC chips market is estimated to expand at a CAGR of  7.5%  during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global NFC chips market. The global NFC chips market is broadly affected by several factors, including rise in demand for NFC chips among consumer electronics manufacturers, and government initiatives and subsidies coupled with rising applications in various sectors. Thus, expanding application of NFC chips in different sectors is propelling the global market for NFC chips. NFC Chips Market: Prominent Regions NFC chips market revenue generation in North America is expected to continue during the forecast period, owing to presence of key market players, technological advancements, and advancement in electronic appliances and ...

The global near-field communication (NFC) chips market has been prognosticated in a report by Transparency Market Research (TMR) to be highly consolidated with NXP Semiconductors securing a stronger share in the recent past. The company could sustain its position all through the course of the forecast period 2016-2024. The market includes other leading companies such as Qualcomm Inc., STMicroelectronics, and Broadcom Corporation that are actively involved in partnerships and mergers and acquisitions. This could intensify the competition in the market in the coming years. The report has shed more light on other factors that could impact the vendor landscape of the market. TMR has envisaged the NFC chips market to post a whopping CAGR of 26.0% to attain a valuation of US$10.62 bn by the concluding forecast year. On the basis of application, the market could gain immensely from smartphones anticipated to secure a larger share in the near future. By region, Asia Pacific may snatch t...