NFC Reader ICs Market Size, Share, and Analysis, By Type (Full NFC, ISO/IEC 15693, ISO/IEC 14443 Type A, ISO/IEC 14443 Type A+B), By Host Interface (I2C and SPI, SPI, UART, I2C and SPI, USB and UART), By Application (Transportation, Contactless payment, Media & Entertainment, Hospitality, Healthcare, Others) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
Global NFC Reader ICs Market size was USD 18.3 billion in 2021 and projected to grow from USD 23.6 billion in 2023 to USD 81.9 billion by 2032, exhibiting a CAGR of 14.8% during the forecast period.
NFC is a wireless communication technology with short-range and allows two various devices to communicate with each other when the devices are present in a nearby environment. NFC reader IC market is a Near Field Communication (NFC) reader integrated circuits (ICs). These have several applications in access control, contactless payments, and in transportation. The use of NFC in access control and transportation has increased which is expected to fuel the market growth. NFC readers are working parts in NFC transactions which read and write tags & cards interact with NFC phones by enabling communication.
MARKET HIGHLIGHTS
Global NFC Reader ICs Market is expected to reach USD 81.9 billion, growing at a CAGR of 14.8% during forecast period. The increasing demand for secure transactions due to the ease of convenience along with the rising adoption of contactless payment systems are expected to boost the growth of the market. The dual interface NFC reader ICs may observe a growth due to their ability to work with broad range of devices and cards and their flexibility. The innovation of several new applications for NFC technology are creating a growth opportunity for the market.
NFC Reader ICs Market Segments:

  • Type
  • ·Full NFC
  • ·ISO/IEC 15693
  • ·ISO/IEC 14443 Type A
  • ·ISO/IEC 14443 Type A+B
  • Host Interface
  • ·I2C and SPI
  • ·SPI
  • ·UART
  • ·I2C and SPI
  • ·USB
  • ·UART
  • Application
  • ·Transportation
  • ·Contactless payment
  • ·Media & Entertainment
  • ·Hospitality
  • ·Healthcare
  • ·Others



MARKET DYNAMICS
Growth Drivers
Increasing Penetration of Smartphones is Expected to Boost the Growth of the Market
Speed and Secure Data Sharing May Boost the Market Growth
Restraint
High Cost of NFC reader ICs May Hamper the Market Growth

Key Players

  • NXP Semiconductors
  • STMicroelectronics
  • Qualcomm
  • Marvell Technology Group
  • Texas Instruments
  • Broadcom
  • Sony Corp
  • Mstar Semiconductor
  • AMS AG
  • MediaTek


Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)


Global Laboratory Temperature Control Units Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA




Reasons to Purchase this Report

  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.