The near field communication (NFC) chips are widely used in the retail and consumer electronics sectors for contactless payments and to avoid long data management. The growing adoption of smart payment options and smartphones further propels the market growth.
Global near field communication (NFC) chip market was valued at USD 8,390.20 million in 2021 and is expected to reach USD 18248.41 million by 2029, registering a CAGR of 10.20% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.