The Europe near field communication (NFC) chips market is anticipated to rise with a CAGR of 11.29% during the forecast period, 2022-2030, and is expected to reach a revenue of $1984.94 million by 2030.

EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET FORECAST 2022-2030

Europe Near Field Communication (NFC) Chips Market by Product (Non-auxiliary, Auxiliary) Market by Application (Television, Smartphone, Medical Equipment, Other Applications) Market by End-user (Consumer Electronics, Automotive, Retail, Banking and Finance, Medical, Other End-users) by Geography

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The Europe near field communication (NFC) chips market is anticipated to rise with a CAGR of 11.29% during the forecast period, 2022-2030, and is expected to reach a revenue of $1984.94 million by 2030.

The complexity of the ecosystem and the number of stakeholders involved leads to discrete initial progress in the rollout of NFC technology in Europe. Also, NFC chips are swiftly gaining popularity due to the increasing use of contactless payments through electronic gadgets. Most electronic devices, including smartphones and laptops, have inbuilt NFC chips. These chips enable encrypted communication among these devices and ensure the security of the stored data.

Europe NFC Chips Market

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The Europe near field communication (NFC) chips market growth analysis includes the assessment of Russia, United Kingdom, Netherlands, Italy, Germany, France, and Rest of Europe. Germany and the United Kingdom are anticipated to be the most lucrative NFC markets. The market growth in the United Kingdom is mainly driven by the high penetration of contactless payment devices and by the efforts made by the government to promote cashless transactions in the country.

The market is also driven by the high adoption of NFC-enabled smartphones, smart NFC-based wearables, and escalating contactless card adoption in the United Kingdom. In addition to the enhanced operational efficiency offered by contactless payment, fast and easy payments are further augmenting the growth of the near field communication (NFC) chip market in the country.

As per government reports, approximately 6 million mobile phones and 27 million payments cards are equipped with NFC chips in Germany. In addition, there is an increasing demand for NFCs among retailers nationally. The development of contactless payment applications for operations in banking institutions is also favorable to market growth.

Segmentation analysis of the Europe near field communication (NFC) chips market includes application, product, and end-user market. The market by application can be sub-segmented into television, smartphone, medical equipment, and other applications.

Near-field communication chips find application in television by switching on and off automation and providing energy efficiency and required data security. In addition, high-end televisions (smart TV) are enabled by NFC technologies, allowing users to connect their smart devices with remote control of the television to mirror the smartphone display on the television screen. The growing preference of television manufacturers and market players towards advanced wireless communication technologies such as near field communication majorly contributes to the television segment growth during the forecast period.

Furthermore, NFC chips are widely deployed in smartphones as they provide short-distance, secure, and implicit paired communication capability. Technological advancements, as well as research and development in NFC chip-enabled smartphones, contribute to the smartphone segment growth during the forecast period.

Additionally, NFC chips are widely deployed in medical devices and medical equipment due to their ability to transfer data between devices, both outside the body (in vitro) and inside the body (in vivo). Also, NFC chips provide secure communication between medical devices and transfer power wirelessly, making NFC chips an integral medical equipment component. Also, technological advancements in the segment drive market growth of NFC chipsets.

Some key market players in the Europe near field communication (NFC) chips market include Renesas Electronics Corporation, Texas Instruments Incorporated, NXP Semiconductors NV, EM Microelectronic-Marin SA, etc.

NXP Semiconductors NV is a global semiconductor company that provides mixed-signal and standard product solutions for automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer, and computing applications. The company is headquartered in Eindhoven, the Netherlands.

NXP’s NFC Reader IC, PN7462AU, can interact with NFC phones, write as well as read tags and cards, and enable device-to-device communication. Another key product of the company, PN7362AU, is a highly integrated device that combines a programmable 32-bit Cortex-M0 microcontroller with an NFC frontend.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Product, End-User, Application
Countries Analyzed Russia, United Kingdom, Netherlands, Italy, Germany, France, and Rest of Europe
Companies Analyzed

Broadcom Inc, EM Microelectronic-Marin SA, Marvell Technology Inc, Mediatek Inc, MStar Semiconductor, Murata Manufacturing Co Ltd, NXP Semiconductors NV, Qualcomm Incorporated, Renesas Electronics Corporation, Samsung Electronics Co Ltd, Sony Corporation, STMicroelectronics NV, Texas Instruments Incorporated, Toshiba Corporation, Verimatrix (Formerly Inside Secure)

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • PARENT MARKET ANALYSIS: WIRELESS CONNECTIVITY MARKET
      • TIMELINE OF NEAR FIELD COMMUNICATION (NFC) CHIPS
      • KEY DRIVERS
        • WIDE ADOPTION OF CONTACTLESS PAYMENTS ACROSS NUMEROUS INDUSTRIES
        • GROWING NUMBER OF NFC-ENABLED SMARTPHONES
        • RISING DEMAND FOR NFC CHIPS IN CONSUMER ELECTRONICS
        • GOVERNMENT INITIATIVES TO PROMOTE CASHLESS TRANSACTION
      • KEY RESTRAINTS
        • EASY AVAILABILITY OF SUBSTITUTES SUCH AS BLUETOOTH, ZIGBEE, AND WI-FI
        • RISING DATA SECURITY AND PRIVACY CONCERNS
        • COMPLEXITY RELATED TO PRODUCT DESIGNING
        • HIGH COST OF NFC CHIPS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
        • RAW MATERIALS SUPPLIERS
        • MANUFACTURERS
        • DISTRIBUTORS
        • END-USERS
      • KEY BUYING CRITERIA
        • APPLICATION
        • PRICE
        • COMMUNICATION SPEED
        • STORAGE
      • REGULATORY FRAMEWORK
    2. MARKET BY PRODUCT
      • NON-AUXILIARY
      • AUXILIARY
    3. MARKET BY APPLICATION
      • TELEVISION
      • SMARTPHONE
      • MEDICAL EQUIPMENT
      • OTHER APPLICATIONS
    4. MARKET BY END-USER
      • CONSUMER ELECTRONICS
      • AUTOMOTIVE
      • RETAIL
      • BANKING AND FINANCE
      • MEDICAL
      • OTHER END-USERS
    5. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGE
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • RUSSIA
          • NETHERLANDS
          • REST OF EUROPE
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • BROADCOM INC
        • EM MICROELECTRONIC-MARIN SA
        • MARVELL TECHNOLOGY INC
        • MEDIATEK INC
        • MSTAR SEMICONDUCTOR
        • MURATA MANUFACTURING CO LTD
        • NXP SEMICONDUCTORS NV.
        • QUALCOMM INCORPORATED
        • RENESAS ELECTRONICS CORPORATION
        • SAMSUNG ELECTRONICS CO LTD
        • SONY CORPORATION
        • STMICROELECTRONICS NV
        • TEXAS INSTRUMENTS INCORPORATED
        • TOSHIBA CORPORATION
        • VERIMATRIX (FORMERLY INSIDE SECURE)

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – NEAR FIELD COMMUNICATION (NFC) CHIPS

    TABLE 2: NFC BASED TRANSACTION SERVICES BY COMPANIES

    TABLE 3: LIST OF NFC-ENABLED SMARTPHONE MODELS & SMARTPHONE MANUFACTURERS

    TABLE 4: START-UPS IN NFC TECHNOLOGY

    TABLE 5: REGULATORY FRAMEWORK

    TABLE 6: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY PRODUCT, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 8: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 10: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 11: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 12: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 13: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 14: LEADING PLAYERS OPERATING IN EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET

    TABLE 15: LIST OF MERGERS & ACQUISITIONS

    TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 18: LIST OF BUSINESS EXPANSIONS & DIVESTITURES                        

    LIST OF FIGURES

    FIGURE 1: TIMELINE OF NEAR FIELD COMMUNICATION (NFC) CHIPS

    FIGURE 2: PROJECTED NFC-ENABLED SMARTPHONES, 2014-2020 (%)

    FIGURE 3: KEY MARKET TRENDS

    FIGURE 4: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 5: OPPORTUNITY MATRIX

    FIGURE 6: VENDOR LANDSCAPE

    FIGURE 7: VALUE CHAIN ANALYSIS

    FIGURE 8: KEY BUYING CRITERIA

    FIGURE 9: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2021

    FIGURE 10: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY NON-AUXILIARY, 2022-2030 (IN $ MILLION)

    FIGURE 11: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY AUXILIARY, 2022-2030 (IN $ MILLION)

    FIGURE 12: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

    FIGURE 13: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY TELEVISION, 2022-2030 (IN $ MILLION)

    FIGURE 14: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY SMARTPHONE, 2022-2030 (IN $ MILLION)

    FIGURE 15: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY MEDICAL EQUIPMENT, 2022-2030 (IN $ MILLION)

    FIGURE 16: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY OTHER APPLICATIONS, 2022-2030 (IN $ MILLION)

    FIGURE 17: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 18: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY CONSUMER ELECTRONICS, 2022-2030 (IN $ MILLION)

    FIGURE 19: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY AUTOMOTIVE, 2022-2030 (IN $ MILLION)

    FIGURE 20: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY RETAIL, 2022-2030 (IN $ MILLION)

    FIGURE 21: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY BANKING AND FINANCE, 2022-2030 (IN $ MILLION)

    FIGURE 22: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY MEDICAL, 2022-2030 (IN $ MILLION)

    FIGURE 23: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, BY OTHER END-USERS, 2022-2030 (IN $ MILLION)

    FIGURE 24: EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 25: UNITED KINGDOM NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 26: GERMANY NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 27: FRANCE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 28: ITALY NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 29: RUSSIA NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 30: NETHERLANDS NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 31: REST OF EUROPE NEAR FIELD COMMUNICATION (NFC) CHIPS MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGE
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • RUSSIA
          • NETHERLANDS
          • REST OF EUROPE
    1. MARKET BY PRODUCT
      • AUXILIARY
      • NON-AUXILIARY
    2. MARKET BY APPLICATION
      • SMARTPHONE
      • MEDICAL EQUIPMENT
      • TELEVISION
      • OTHER APPLICATIONS
    3. MARKET BY END-USER
      • BANKING AND FINANCE
      • CONSUMER ELECTRONICS
      • AUTOMOTIVE
      • MEDICAL
      • RETAIL
      • OTHER END-USERS

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