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According to our latest market study on “NFC Chip Market” Forecast to 2028 technology was originally incorporated into smartphones in 2011 and is now widely integrated into most phones, regardless of whether they run on iOS or Android. An NFC controller chip is attached to an NFC antenna in an NFC-enabled smartphone. The controller chip is a customized Central Processor Unit that accepts and executes instructions from the application processor software to finish NFC tag detection and/or reading NFC tag content. Unlike Bluetooth, NFC transfers data without the need for manual pairing or device discovery. When another NFC device enters the previously selected 4-inch range, an NFC connection is automatically established. When the two devices are in range, they quickly communicate and provide prompts to the user. NFC can perform a wide range of tap-and-go functions, and digital wallets like Apple Pay, Google Pay, and Samsung Pay only scratch the surface. Music fans may use NFC to easily connect their mobile to speakers, as well as check in to their work computer, unlock their car door, and track their health and fitness information.

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List Of TOP KEY PLAYERS in NFC chip Market Report are –

NXP Semiconductors N.V.; Samsung; Qualcomm; Infineon AG; STMicroelectronics; and Qualcomm – Prominent Market Participants in NFC Chip Market

Automotive, air transport, public transportation, retail, and medical are critical sectors expected to be the most crucial end users of NFC technology. To get a competitive edge in the present market scenario, stakeholders in the current NFC chip market are actively pursuing collaboration opportunities with other competitors in the market. The emergence of special interest groups (SIGs) has fueled the development of future-proof new creative solutions based on NFC technology.  Growth in above-mentioned areas will have a positive impact in the growth of NFC chip market.

NXP Semiconductors N.V.; Samsung; Qualcomm; Infineon AG; and STMicroelectronics are some of the key market players operating in the global NFC chip market. The listing of key players is derived by considering multiple factors such as overall revenue, current environmental consulting services product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the environmental consulting services ecosystems which were studies analyzed during the course of this market research study.

Most of the market initiatives were observed in North American region, which have a high potential of market-related products, solutions, and services.

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Based on end user, the NFC chip market is segmented into consumer electronics, automotive, retail, medical, and others. In retail industry, most of the NFC POS terminals were installed worldwide due to the rising demand for contactless payments. Carrefour, a France-based retailer, launched Carrefour Pay—a mobile payment system—which allows users to pay for their groceries with their NFC-enabled smartphones at the POS terminal. The system has been connected to cards of all banks and has been accepted in 3000 stores in France. The launch of this system is part of the Carrefour‘s plan to design digital operations, supported by an investment of US$ 3.39 billion. As older systems approach retirement, POS vendors increasingly include NFC support in new systems as a standard. Moreover, smartphone-wielding customers are adopting contactless payments in ever-growing numbers as it is quick and convenient.

Based on storage capacity, the NFC Chip Market is segmented as 64 bytes, 168 bytes, 180 bytes, and 540 bytes. The NFC chips with low storage capacity are used for inventory management, supply chain management, asset tracking, and automation in ticketing and anti-counterfeiting. The NFC chips with high storage capacity, such as 180 bytes and 540 bytes, have high read/write endurance and can retain up to 50 years’ worth of data. They also support SUN (secure unique NFC message), which enables and simplifies many applications involving security and encryption such as advanced anti-counterfeiting, secured sensitive data applications, secure login, and authentication.

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With tables and figures, helping analyze worldwide Global NFC chip Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the Market.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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