Europe NFC Chip Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Active and Passive), Storage Capacity (64 Bytes, 180 Bytes, 540 Bytes, and Others), and End User (Consumer Electronics, Automotive, Healthcare, Retail, Medical, and Others)
The Europe NFC chip market is expected to reach US$ 6197.94 million by 2028 from an estimated value of US$ 2503.16 million in 2021. It is estimated to grow at a CAGR of 11.4% from 2021 to 2028.
The market's growth is due to the proliferation of NFC-based smartphones and the rising demand for contactless payment. However, short operational range and security concerns are expected to restrict the market growth during the forecast period.
Contactless payment means that individuals can make payments using the point of sale (Po S) system without swiping or inserting their wallets by simply waving their phones at a Po S terminal. Often referred to as NFC technology, it makes it possible for devices to interact within a 4 cm radius. These transactions can be completed using certificates, tags, or even stickers. This is boosting the uptake of contactless payment across both developed and developing countries, such as the UK, Germany, and France.
The UK (64%) has been witnessing higher adoption of contactless payment among other European countries, which is fueling the uptake of NFC POS systems across retail outlets to offer a variety of payment options to the customers. Thus, these factors are influencing the market's growth substantially. For example, Paytm, a digital payments startup, announced its Paytm Smart POS for Android phones in March 2021, which allows businesses to take near field communication (NFC)-based credit and debit card payments using smartphones.
Europe NFC Chip Market Revenue and Forecast to 2028 (US$ Mn)
EUROPE NFC CHIP MARKET SEGMENTATION
By Type
Active Passive
By Storage Capacity
64 Bytes 180 Bytes 540 Bytes Others
By End User
Consumer Electronics Automotive and Transportation Retail Healthcare Others
By Country
Germany France Italy UK Russia Rest of Europe Company Profiles
Broadcom Inc. INFINEON TECHNOLOGIES AG Identiv, Inc Toshiba Corporation Intel Corporation NXP Semiconductors Samsung Electronics Co., Ltd. Qualcomm Technologies, Inc. STMicroelectronics Texas Instruments Incorporated
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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe NFC chips market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Europe NFC chips market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. NFC Chip Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 Europe - PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. NFC Chip Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Proliferation of NFC-based Smartphones
- 5.1.2 Rising Demand for Contactless Payment
- 5.2 Market Restraints
- 5.2.1 Short Operational Range and Security Concerns
- 5.3 Market Opportunities
- 5.3.1 Integration of NFCs with Medical Equipment
- 5.4 Future Trends
- 5.4.1 Surge in Adoption of NFC-Enabled Wearable Technology
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Europe NFC Chip Market Analysis
- 6.1 NFC Chip Market Europe Overview
- 6.2 NFC Chip Market - Europe Revenue and Forecast to 2028 (US$ Million)
- 7. NFC Chip Market Analysis - By Storage Capacity
- 7.1 Overview
- 7.2 NFC Chip Market, By Storage Capacity (2020 and 2028)
- 7.3 Bytes
- 7.3.1 Bytes: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4 Bytes
- 7.4.1 Bytes: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 7.5 Bytes
- 7.5.1 Bytes: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 7.6 Others
- 7.6.1 Others: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 8. NFC Chip Market Analysis - By Type
- 8.1 Overview
- 8.2 NFC Chip Market, By Type (2020 and 2028)
- 8.3 Active
- 8.3.1 Overview
- 8.3.2 Active: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 8.4 Passive
- 8.4.1 Overview
- 8.4.2 Passive: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 9. NFC Chip Market Analysis - By End User
- 9.1 Overview
- 9.2 NFC Chip Market, By End User (2020 and 2028)
- 9.3 Consumer Electronics
- 9.3.1 Overview
- 9.3.2 Consumer Electronics: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4 Automotive & Transportation
- 9.4.1 Overview
- 9.4.2 Automotive & Transportation: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 9.5 Retail
- 9.5.1 Overview
- 9.5.2 Retail: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 9.6 Healthcare
- 9.6.1 Overview
- 9.6.2 Healthcare: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 9.7 Others
- 9.7.1 Overview
- 9.7.2 Others: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 10. Europe NFC Chip Market - Country Analysis
- 10.1 Europe: NFC Chip Market
- 10.1.1 Europe: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.2 Europe: NFC Chip Market, by Type
- 10.1.3 Europe: NFC Chip Market, by Storage Capacity
- 10.1.4 Europe: NFC Chip Market, by End User
- 10.1.5 Europe: NFC Chip Market, by Key Country
- 10.1.5.1 France: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.5.1.1 France: NFC Chip Market, by Type
- 10.1.5.1.2 France: NFC Chip Market, by Storage Capacity
- 10.1.5.1.3 France: NFC Chip Market, by End User
- 10.1.5.2 Germany: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.5.2.1 Germany: NFC Chip Market, by Type
- 10.1.5.2.2 Germany: NFC Chip Market, by Storage Capacity
- 10.1.5.2.3 Germany: NFC Chip Market, by End User
- 10.1.5.3 Italy: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.5.3.1 Italy: NFC Chip Market, by Type
- 10.1.5.3.2 Italy: NFC Chip Market, by Storage Capacity
- 10.1.5.3.3 Italy: NFC Chip Market, by End User
- 10.1.5.4 UK: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.5.4.1 UK: NFC Chip Market, by Type
- 10.1.5.4.2 UK: NFC Chip Market, by Storage Capacity
- 10.1.5.4.3 UK: NFC Chip Market, by End User
- 10.1.5.5 Russia: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.5.5.1 Russia: NFC Chip Market, by Type
- 10.1.5.5.2 Russia: NFC Chip Market, by Storage Capacity
- 10.1.5.5.3 Russia: NFC Chip Market, by End User
- 10.1.5.6 Rest of Europe: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.5.6.1 Rest of Europe: NFC Chip Market, by Type
- 10.1.5.6.2 Rest of Europe: NFC Chip Market, by Storage Capacity
- 10.1.5.6.3 Rest of Europe: NFC Chip Market, by End User
- 11. Impact of COVID-19 Pandemic on Europe NFC Chip Market
- 11.1 Europe: Impact Assessment of COVID-19 Pandemic
- 12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.3 New Development
- 13. Company Profiles
- 13.1 Broadcom Inc.
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 INFINEON TECHNOLOGIES AG
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Identiv, Inc
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 Toshiba Corporation
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Intel Corporation
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 NXP Semiconductors
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 Samsung Electronics Co., Ltd.
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Qualcomm Technologies, Inc.
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 STMicroelectronics
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 Texas Instruments Incorporated
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
- 14. Appendix
- 14.1 About The Insight Partners
- 14.2 Word Index
- List of Tables
- Table 1. Europe: NFC Chip Market, by Type- Revenue and Forecast to 2028 (US$ Million)
- Table 2. Europe: NFC Chip Market, by Storage Capacity - Revenue and Forecast to 2028 (US$ Million)
- Table 3. Europe: NFC Chip Market, by End User- Revenue and Forecast to 2028 (US$ Million)
- Table 4. France: NFC Chip Market, by Type - Revenue and Forecast to 2028 (US$ Million)
- Table 5. France: NFC Chip Market, by Storage Capacity - Revenue and Forecast to 2028 (US$ Million)
- Table 6. France: NFC Chip Market, by End User - Revenue and Forecast t2o 2028 (US$ Million)
- Table 7. Germany: NFC Chip Market, by Type - Revenue and Forecast to 2028 (US$ Million)
- Table 8. Germany: NFC Chip Market, by Storage Capacity - Revenue and Forecast to 2028 (US$ Million)
- Table 9. Germany: NFC Chip Market, by End User - Revenue and Forecast to 2028 (US$ Million)
- Table 10. Italy: NFC Chip Market, by Type - Revenue and Forecast to 2028 (US$ Million)
- Table 11. Italy: NFC Chip Market, by Storage Capacity - Revenue and Forecast to 2028 (US$ Million)
- Table 12. Italy: NFC Chip Market, by End User - Revenue and Forecast to 2028 (US$ Million)
- Table 13. UK: NFC Chip Market, by Type - Revenue and Forecast to 2028 (US$ Million)
- Table 14. UK: NFC Chip Market, by Storage Capacity - Revenue and Forecast to 2028 (US$ Million)
- Table 15. UK: NFC Chip Market, by End User - Revenue and Forecast to 2028 (US$ Million)
- Table 16. Russia: NFC Chip Market, by Type - Revenue and Forecast to 2028 (US$ Million)
- Table 17. Russia: NFC Chip Market, by Storage Capacity - Revenue and Forecast to 2028 (US$ Million)
- Table 18. Russia: NFC Chip Market, by End User - Revenue and Forecast to 2028 (US$ Million)
- Table 19. Rest of Europe: NFC Chip Market, by Type - Revenue and Forecast to 2028 (US$ Million)
- Table 20. Rest of Europe: NFC Chip Market, by Storage Capacity - Revenue and Forecast to 2028 (US$ Million)
- Table 21. Rest of Europe: NFC Chip Market, by End User - Revenue and Forecast to 2028 (US$ Million)
- Table 22. List of Abbreviation
- List of Figures
- Figure 1. NFC Chip Market Segmentation
- Figure 2. NFC Chip Market Segmentation - By Country
- Figure 3. Europe NFC Chip Market Overview
- Figure 4. Passive Segment Held the Largest Market Share in 2020
- Figure 5. Bytes Segment Held the Largest Market Share in 2020
- Figure 6. Consumer Electronics Segment Held the Largest Market Share in 2020
- Figure 7. Germany was the Largest Revenue Contributor in 2020
- Figure 8. Europe - PEST Analysis
- Figure 9. NFC Chip Market- Ecosystem Analysis
- Figure 10. Expert Opinion
- Figure 11. NFC Chip Market: Impact Analysis of Drivers and Restraints
- Figure 12. Europe NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 13. NFC Chip Market Revenue Share, by Storage Capacity (2020 and 2028)
- Figure 14. Bytes: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 15. Bytes: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 16. Bytes: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 17. Others: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 18. NFC Chip Market Revenue Share, by Type (2020 and 2028)
- Figure 19. Active: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 20. Passive: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 21. NFC Chip Market Revenue Share, by End User (2020 and 2028)
- Figure 22. Consumer Electronics: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 23. Automotive & Transportation: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 24. Retail: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 25. Healthcare: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 26. Others: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 27. Europe: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 28. Europe: NFC Chip Market Revenue Share, by Type (2020 and 2028)
- Figure 29. Europe: NFC Chip Market Revenue Share, by Storage Capacity (2020 and 2028)
- Figure 30. Europe: NFC Chip Market Revenue Share, by End User (2020 and 2028)
- Figure 31. Europe: NFC Chip Market Revenue Share, by Key Country (2020 and 2028)
- Figure 32. France: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 33. Germany: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 34. Italy: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 35. UK: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 36. Russia: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 37. Rest of Europe: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 38. Impact of COVID-19 Pandemic in Europe Country Markets