Market Research Report
ASIA PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET FORECAST 2019-2027
|Published by||Inkwood Research||Product code||624193|
|Published||Content info||72 Pages
Delivery time: 2-3 business days
|ASIA PACIFIC NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET FORECAST 2019-2027|
|Published: June 2, 2019||Content info: 72 Pages||
The Asia-Pacific near field communication (NFC) chips market is slated to rise with the highest CAGR of 23.01% over the forecast period of 2019-2027. The market of China, India, Japan, South Korea, Australia and the remaining countries collectively forming the Rest of Asia Pacific regional segment are considered for the market analysis.
Factors like high funding to the companies/startups by public and private organizations and increasing application of NFC in medical equipment are providing huge growth opportunities for the expansion of the market. The economies of China and India reign this regional market. However, aspects like lack of public awareness regarding the use of NFC, the high cost of NFC chips and easy availability of substitutes could hold back the market expansion considerably.
Few of the leading players engaged in this market include STMicroelectronics NV, Murata Manufacturing Co. Ltd., EM Microelectronic-Marin SA, Media TEK Inc., Samsung Semiconductor Inc., Sony Corporation, Renesas Electronics Corporation, Marvell Technology Group Ltd., Inside Secure S.A., Broadcom Corporation, Toshiba Corporation, Texas Instruments, Inc., MStar Semiconductor Inc., NXP Semiconductors NV, and Qualcomm Inc.