Market Research Report
North America Near Field Communication (nfc) Chips Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||624195|
|Published||Content info||77 Pages
Delivery time: 2-3 business days
|North America Near Field Communication (nfc) Chips Market Forecast 2019-2027|
|Published: June 2, 2019||Content info: 77 Pages||
Accounting for the highest revenue share by the end of the forecast period of 2019-2027, the North America near field communication chips (NFC) market is likely to grow with a 22.21% CAGR. The US near field communication chips (NFC) market presently dominates this region in terms of revenue. North America near field communication chip market continues to escalate in terms of revenue which is expected to reach up to $XX million by 2027. United States dominated near field communication chip market in North America with revenue of $XX million in 2018.
In order to ensure a safe transaction, private organizations in the region are increasing adopting NFCs. This growing adoption of chip-based cards for payment purpose is greatly boosting the market growth. The Canadian market is not far behind. Canadian Safety and Security Program is being funded by federal government that integrates the use of the innovative NFC passport reader technology with World Reach's online immigration platform in order to ensure security and safety to the travelers. Also, growing research and development expenditure in NFC communication is presenting the overall North American near field communication chips (NFC) market with promising growth opportunities.
Companies such as STMicroelectronics NV, EM Microelectronic-Marin SA, Samsung Semiconductor Inc., Sony Corporation, Texas Instruments, Inc., NXP Semiconductors NV, Inside Secure S.A., Media TEK Inc., MStar Semiconductor Inc., Qualcomm Inc., Marvell Technology Group Ltd., Murata Manufacturing Co. Ltd., Renesas Electronics Corporation, Broadcom Corporation, Toshiba Corporation, and others are competing in this market.