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Wireless

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

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Categories: Mobile & Wireless
Companies: Broadcom / Qualcomm / STMicroelectronics
Countries: World
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