
Middle East and Africa 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
Description
Middle East and Africa 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 Middle East and Africa NFC chip market is expected to reach US$ 1191.20 million by 2028 from an estimated value of US$ 725.18 million in 2021. It is estimated to rise at a CAGR of 7.3% from 2021 to 2028.
The growth in the market is due to the surge in the uptake of NFC-enabled wearable technology and the increasing demand for contactless payment. However, short operational range and security concerns are expected to restrict the market growth during the forecast period.
Wearable technology is a new trend that integrates electronics into daily activities and responds to changing lifestyles by allowing devices to be worn on any part of the body. Wearable technology is driven by factors, such as connecting to the internet and giving data exchange choices between a network and a device.
Due to the surge in the fitness trend among consumers, wearable has received a lot of popularity. According to Cisco Systems, linked wearable devices are predicted to rise from 593 million in 2018 to 1,105 million by the end of 2022, owing to additional features, such as the brand that suits the everyday lifestyle. Strong brands, such as Apple and Fossil, keep their pricing constant with typical watch price bands to preserve their sales. Many additional premium watchmakers, such as TAG and Armani, have entered the segment due to Google's Wear OS.
Despite significant space and power constraints, intelligent wearables and Io T devices are becoming increasingly popular by adding additional functions. When a wearable gadget has NFC capabilities, it can be used to pay at a store, use public transportation, or gain entrance to an office building. SECORA Connect, for example, is a solution family from Infineon that addresses the growing popularity of smart wearables and Io T devices. It is a system solution that can be implemented into smart wearables to enable contactless secured payment, transportation ticketing, and other applications, using NFC technology. These factors are expected to drive the NFC chip market during the forecast period.
Middle East and Africa NFC Chip Market Revenue and Forecast to 2028 (US$ Mn)
MIDDLE EAST AND AFRICA 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
South Africa Saudi Arabia UAE Rest of MEACompany Profiles
Broadcom Inc. INFINEON TECHNOLOGIES AG Toshiba Corporation Intel Corporation NXP Semiconductors Samsung Electronics Co., Ltd. STMicroelectronics Texas Instruments Incorporated
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East and Africa 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 Middle East and Africa 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.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
The Middle East and Africa NFC chip market is expected to reach US$ 1191.20 million by 2028 from an estimated value of US$ 725.18 million in 2021. It is estimated to rise at a CAGR of 7.3% from 2021 to 2028.
The growth in the market is due to the surge in the uptake of NFC-enabled wearable technology and the increasing demand for contactless payment. However, short operational range and security concerns are expected to restrict the market growth during the forecast period.
Wearable technology is a new trend that integrates electronics into daily activities and responds to changing lifestyles by allowing devices to be worn on any part of the body. Wearable technology is driven by factors, such as connecting to the internet and giving data exchange choices between a network and a device.
Due to the surge in the fitness trend among consumers, wearable has received a lot of popularity. According to Cisco Systems, linked wearable devices are predicted to rise from 593 million in 2018 to 1,105 million by the end of 2022, owing to additional features, such as the brand that suits the everyday lifestyle. Strong brands, such as Apple and Fossil, keep their pricing constant with typical watch price bands to preserve their sales. Many additional premium watchmakers, such as TAG and Armani, have entered the segment due to Google's Wear OS.
Despite significant space and power constraints, intelligent wearables and Io T devices are becoming increasingly popular by adding additional functions. When a wearable gadget has NFC capabilities, it can be used to pay at a store, use public transportation, or gain entrance to an office building. SECORA Connect, for example, is a solution family from Infineon that addresses the growing popularity of smart wearables and Io T devices. It is a system solution that can be implemented into smart wearables to enable contactless secured payment, transportation ticketing, and other applications, using NFC technology. These factors are expected to drive the NFC chip market during the forecast period.
Middle East and Africa NFC Chip Market Revenue and Forecast to 2028 (US$ Mn)
MIDDLE EAST AND AFRICA 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
South Africa Saudi Arabia UAE Rest of MEACompany Profiles
Broadcom Inc. INFINEON TECHNOLOGIES AG Toshiba Corporation Intel Corporation NXP Semiconductors Samsung Electronics Co., Ltd. STMicroelectronics Texas Instruments Incorporated
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East and Africa 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 Middle East and Africa 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.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Table of Contents
118 Pages
- 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 Middle East and Africa - 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. Middle East and Africa NFC Chip Market - Country Analysis
- 6.1 NFC Chip Market Middle East and Africa Overview
- 6.2 NFC Chip Market - Middle East and Africa 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. NFC Chip Market - Middle East and Africa Analysis
- 10.1 MEA: NFC Chip Market
- 10.1.1 MEA: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.2 MEA: NFC Chip Market, by Type
- 10.1.3 MEA: NFC Chip Market, by Storage Capacity
- 10.1.4 MEA: NFC Chip Market, by End User
- 10.1.5 MEA: NFC Chip Market, by Key Country
- 10.1.5.1 South Africa: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.5.1.1 South Africa: NFC Chip Market, by Type
- 10.1.5.1.2 South Africa: NFC Chip Market, by Storage Capacity
- 10.1.5.1.3 South Africa: NFC Chip Market, by End User
- 10.1.5.2 Saudi Arabia: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.5.2.1 Saudi Arabia: NFC Chip Market, by Type
- 10.1.5.2.2 Saudi Arabia: NFC Chip Market, by Storage Capacity
- 10.1.5.2.3 Saudi Arabia: NFC Chip Market, by End User
- 10.1.5.3 UAE: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.5.3.1 UAE: NFC Chip Market, by Type
- 10.1.5.3.2 UAE: NFC Chip Market, by Storage Capacity
- 10.1.5.3.3 UAE: NFC Chip Market, by End User
- 10.1.5.4 Rest of MEA: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.5.4.1 Rest of MEA: NFC Chip Market, by Type
- 10.1.5.4.2 Rest of MEA: NFC Chip Market, by Storage Capacity
- 10.1.5.4.3 Rest of MEA: NFC Chip Market, by End User
- 11. Impact of COVID-19 Pandemic on Middle East and Africa NFC Chip Market
- 11.1 Middle East and Africa: 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 Toshiba Corporation
- 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 Intel 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 NXP Semiconductors
- 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 Samsung Electronics Co., Ltd.
- 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 STMicroelectronics
- 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 Texas Instruments Incorporated
- 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
- 14. Appendix
- 14.1 About The Insight Partners
- 14.2 Word Index
- List of Tables
- Table 1. MEA: NFC Chip Market, by Type- Revenue and Forecast to 2028 (US$ Million)
- Table 2. MEA: NFC Chip Market, by Storage Capacity - Revenue and Forecast to 2028 (US$ Million)
- Table 3. MEA: NFC Chip Market, by End User - Revenue and Forecast to 2028 (US$ Million)
- Table 4. South Africa: NFC Chip Market, by Type - Revenue and Forecast to 2028 (US$ Million)
- Table 5. South Africa: NFC Chip Market, by Storage Capacity - Revenue and Forecast to 2028 (US$ Million)
- Table 6. South Africa: NFC Chip Market, by End User - Revenue and Forecast to 2028 (US$ Million)
- Table 7. Saudi Arabia: NFC Chip Market, by Type - Revenue and Forecast to 2028 (US$ Million)
- Table 8. Saudi Arabia: NFC Chip Market, by Storage Capacity - Revenue and Forecast to 2028 (US$ Million)
- Table 9. Said Arabia: NFC Chip Market, by End User - Revenue and Forecast to 2028 (US$ Million)
- Table 10. UAE: NFC Chip Market, by Type - Revenue and Forecast to 2028 (US$ Million)
- Table 11. UAE: NFC Chip Market, by Storage Capacity - Revenue and Forecast to 2028 (US$ Million)
- Table 12. UAE: NFC Chip Market, by End User - Revenue and Forecast to 2028 (US$ Million)
- Table 13. Rest of MEA: NFC Chip Market, by Type - Revenue and Forecast to 2028 (US$ Million)
- Table 14. Rest of MEA: NFC Chip Market, by Storage Capacity - Revenue and Forecast to 2028 (US$ Million)
- Table 15. Rest of MEA: NFC Chip Market, by End User - Revenue and Forecast to 2028 (US$ Million)
- Table 16. List of Abbreviation
- List of Figures
- Figure 1. NFC Chip Market Segmentation
- Figure 2. NFC Chip Market Segmentation - By Country
- Figure 3. Middle East and Africa 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. Saudi Arabia was the Largest Revenue Contributor in 2020
- Figure 8. Middle East and Africa - 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. Middle East and Africa 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. MEA: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 28. MEA: NFC Chip Market Revenue Share, by Type (2020 and 2028)
- Figure 29. MEA: NFC Chip Market Revenue Share, by Storage Capacity (2020 and 2028)
- Figure 30. MEA: NFC Chip Market Revenue Share, by End User (2020 and 2028)
- Figure 31. MEA: NFC Chip Market Revenue Share, by Key Country (2020 and 2028)
- Figure 32. South Africa: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 33. Saudi Arabia: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 34. UAE: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 35. Rest of MEA: NFC Chip Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 36. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Pricing
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