Europe Near Field Communication Chips (Nfc) Market Forecast 2018-2026
Government programs supporting digital transactions and a rise in the number of contactless payments are paving the way for Europe near field communication chip market. Between the forecasted years of 208-2026, the market is anticipated to witness a CAGR of 22.16%.
The UK near field communication chip market accounted for the highest market share in 2017. High penetration of contactless payment devices in the United Kingdom & efforts made by the government to promote cashless transactions in the country are driving growth in the UK NFC market. Other significant markets in the European region include Germany, France, Spain, and those in rest of Europe.
Organizations such as Media Tek Inc, Renesas Electronics Corporation, Marvell Technology Group Ltd, Murata Manufacturing Co Ltd, Toshiba Corporation, Mstar Semiconductor Inc, STMicroelectronics Nv, Broadcom Corporation, Qualcomm Inc, Sony Corporation, Inside Secure S.A, and Em Microelectronic-Marin Sa are engaged in this market.