NFC chips market to grow to USD 10.6 bln by 2024 - study

Wednesday 12 April 2017 | 13:55 CET | News
The global near field communication (NFC) chips market is set to expand at a CAGR of 26.0 percent from 2016 to 2024, rising in value from USD 1.35 billion to USD 10.62 billion, according to a report from Transparency Market Research. The market remains highly concentrated, with NXP Semiconductor emerging as a clear leader with a 55 percent share in 2015, a position it's expected to retain over the next few years. Other prominent players include Broadcom, STMicroelectronics, Qualcomm, Texas Instrument and AMS AG, with ongoing mergers, acquisitions and partnerships likely to increase

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Mobile & Wireless
Companies: Broadcom / Qualcomm / STMicroelectronics
Countries: World
::: add a comment
This article is part of dossier


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


STMicro unveils contactless module for wearables

Published 20 Oct 2017 07:36 CET | World
STMicroelectronics launched the ST53G System-in-Package product that combines its expertise in NFC and secure-transaction chips ...

STMicroelectronics integrates NFC tech with MediaTek mobile platforms

Published 06 Sep 2017 08:57 CET | World
French-Italian chipmaker STMicroelectronics (ST) has announced the integration of its contactless NFC technology with MediaTek's ...

EU launches in-depth probe into Qualcomm takeover of NXP

Published 12 Jun 2017 08:59 CET | Europe
The European Commission has opened an in-depth investigation into Qualcomm's proposed acquisition of Netherlands-based NXP ...

Slower uptake of NFC mobile payments leads to drop in shipments of NFC Sims

Published 10 Apr 2017 15:55 CET | World
In its latest report on the shipments of Sims worldwide, the SIMalliance stated that the NFC ecosystem is still expanding, ...

NXP works with carmakers on NFC access systems

Published 27 Feb 2017 16:40 CET | World
NXP Semiconductors announced that it's working with five leading carmakers to equip their cars with NFC-based access systems. ...

NFC-ready POS terminals to hit 16.1 mln units this yr

Published 15 Nov 2016 15:35 CET | World
Annual shipments for NFC-ready POS terminals are expected to reach an estimated 16.1 million units this year, according to the ...

NFC Forum forms partnerships with three industry consortia

Published 14 Sep 2016 15:19 CET | World
The NFC Forum entered into liaison agreements with the Car Connectivity Consortium (CCC), the Fido (Fast IDentity Online) ...