[250 Pages Report] The global NFC reader ICs market size reached around US$ 18 Billion in 2021 and is likely to touch a valuation of US$ 50 Billion by 2032. Further, with rising demand for NFC reader ICs from diverse industries such as BFSI healthcare, and media & entertainment, the overall NFC reader IC sales are slated to rise at an impressive CAGR of 14.5% during the forecast period between 2022 and 2032.
| Report Attribute | Details |
|---|---|
| NFC reader ICs Market Size (2021) | US$ 18 Billion |
| NFC reader ICs Market Estimated Growth Rate (2022 to 2032) | 14.5% |
| NFC Reader ICs Market Size (2032) | US$ 50 Billion |
Over the years, rising adoption of near field communication or NFC technology due to high preference for payment applications (contactless applications) over card transactions has brought NFC reader ICs market into the spotlight.
NFC reader ICs are active components in NFC transactions and can read & write tags and cards, enable communication from device to device, and interact with NFC phones. In fact, they have become crucial components for the effective functioning of NFC technology.
NFC reader ICs have the ability to setup and sustain communications with a tag or an NFC controller in all NFC modes. These ICs control the signal sent out by the reader to the tag.
Growing adoption of NFC technology for enabling simpler exchange of digital content, transactions, and connection with different electronic devices is proving a major impetus to the growth of NFC reader ICs market and the trend is likely to continue during the forecast period.
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Rising preference for contactless communications or transactions, and growing adoption of NFC technology across various industries such as automotive, BSFI, retail, and healthcare are some of the major factors driving the growth in NFC reader ICs market.
Similarly, rising trends of mobile commerce and increasing adoption of wearable technology are expected to further boost the NFC reader ICs market growth during the forecast period.
NFC reader ICs have become indispensable components of NFC technology that enable communication between two electronic devices. They are being increasingly used in smartphones, laptops, and several other electronic systems and play a crucial role in sending and receiving data during contactless transactions.
With rapidly growing preference for contactless transactions due to changing consumer preference and increasing penetration of digitalization, demand for NFC reader ICs is expected to surge at a stupendous pace during the forecast period.
Today, a large portion of the world population use NFC technology in their smartphones to make online payments. Thus, rise in the number of smartphones will eventually expand the NFC reader ICs market size in future.
Furthermore, technological advancement in NFC reader ICs is expected to create lucrative opportunities for the manufacturers during the assessment period. Leading NFC reader ICs manufacturers are continuously striving to improve the efficiency of NFC reader ICs to facilitate data transfer.
Despite positive growth trajectory, there are various factors that are limiting the growth of NFC reader ICs market. Some of these factors include availability of NFC alternatives, fluctuation in raw material prices, and low penetration of smartphones in lower economies.
Advancement in technology has paved the way for the development of alternatives like UPI systems and mobile wallets, which offer better security as well as a lower cost as compared to the NFC technology. Rising popularity of these alternatives is likely to negatively impact the growth of NFC reader ICs market during the forecast period.
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According to Future Market Insights, Western Europe remains the most dominant market for NFC reader ICs and is likely to retain its dominant position during the forecast period. Growth in Europe NFC reader ICs market is driven by an increase in the number smartphone users that use NFC technology, large base of NFC reader ICs manufacturers, and growing preference towards contactless transactions.
Similarly, rapid penetration of digitalization across industries like automotive and healthcare is expected to push the sales of NFC reader ICs during the forecast period.
Many automotive manufacturers based in countries such as the U.K., Germany, and France are using NFC reader ICs in digital car keys. Thus, increasing sales of vehicles and rising applications of NFC reader ICs will eventually create opportunities for the manufacturers of NFC reader ICs in the region. Together, North America and Western Europe are expected to account for over 50% share of the global NFC reader ICs market through 2032.
Over the years North America has emerged as an attractive market for NFC reader ICs and is expected to grow at a significant pace during the forecast period, owing to the blooming semiconductor industry, rising penetration of smartphones, and strong presence of leading NFC reader ICs manufacturers.
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Some of the key manufacturers of NFC reader ICs include STMicroelectronics, NXP Semiconductors, Texas Instruments Incorporated, Broadcom Inc., Qualcomm Inc., Marvell Technology Group Ltd., Mstar Semiconductor Inc., AMS AG, Sony Corp., and MediaTek Inc., among others.
Among these, STMicroelectronics and NXP Semiconductors together hold a significant share of the global NFC reader ICs market. These leading companies offer a complete portfolio of NFC reader ICs for a wide variety of NFC-enabled solutions. They are constantly introducing novel products to cater to the rising end user demands. For instance, in May 2020, STMicroelectronics launched the next-generation NFC reader IC (ST25R3920) for digital car keys.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 14.5% from 2022 to 2032 |
| Projected Market Size (2028) | US$ 50 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in US$ Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
FMI projects the global NFC reader ICs market to grow at around 14.5% CAGR during the assessment period.
Western Europe remains the most prominent market for NFC reader ICs.
The global NFC reader ICs market is likely to touch a valuation of around US$ 50 Bn in 2032.
Some of the leading NFC reader ICs manufacturers are NXP Semiconductors, STMicroelectronics and Texas Instruments Incorporated.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global NFC Reader ICs Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global NFC Reader ICs Market Analysis 2017-2021 and Forecast 2022-2032, By NFC Functionality 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) Analysis By NFC Functionality, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By NFC Functionality, 2022-2032 5.3.1. Full NFC 5.3.2. ISO/IEC 15693 5.3.3. ISO/IEC 14443 Type A 5.3.4. ISO/IEC 14443 Type A+B 5.4. Y-o-Y Growth Trend Analysis By NFC Functionality, 2017-2021 5.5. Absolute $ Opportunity Analysis By NFC Functionality, 2022-2032 6. Global NFC Reader ICs Market Analysis 2017-2021 and Forecast 2022-2032, By Host Interface 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) Analysis By Host Interface, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Host Interface, 2022-2032 6.3.1. I2C and SPI 6.3.2. SPI 6.3.3. UART, I2C and SPI 6.3.4. USB and UART 6.4. Y-o-Y Growth Trend Analysis By Host Interface, 2017-2021 6.5. Absolute $ Opportunity Analysis By Host Interface, 2022-2032 7. Global NFC Reader ICs Market Analysis 2017-2021 and Forecast 2022-2032, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) Analysis By Application, 2017-2021 7.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Application, 2022-2032 7.3.1. Access 7.3.2. Consumer 7.3.3. Metering 7.3.4. Payment 7.3.5. Gaming 7.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021 7.5. Absolute $ Opportunity Analysis By Application, 2022-2032 8. Global NFC Reader ICs Market Analysis 2017-2021 and Forecast 2022-2032, By Industry 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Mn) Analysis By Industry, 2017-2021 8.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Industry, 2022-2032 8.3.1. BFSI 8.3.2. Media & Entertainment 8.3.3. Hospitality 8.3.4. Healthcare 8.3.5. Others 8.4. Y-o-Y Growth Trend Analysis By Industry, 2017-2021 8.5. Absolute $ Opportunity Analysis By Industry, 2022-2032 9. Global NFC Reader ICs Market Analysis 2017-2021 and Forecast 2022-2032, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021 9.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. Asia Pacific 9.3.5. MEA 9.4. Market Attractiveness Analysis By Region 10. North America NFC Reader ICs Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. U.K. 10.2.1.2. Canada 10.2.2. By NFC Functionality 10.2.3. By Host Interface 10.2.4. By Application 10.2.5. By Industry 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By NFC Functionality 10.3.3. By Host Interface 10.3.4. By Application 10.3.5. By Industry 10.4. Key Takeaways 11. Latin America NFC Reader ICs Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By NFC Functionality 11.2.3. By Host Interface 11.2.4. By Application 11.2.5. By Industry 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By NFC Functionality 11.3.3. By Host Interface 11.3.4. By Application 11.3.5. By Industry 11.4. Key Takeaways 12. Europe NFC Reader ICs Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. U.K. 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Europe 12.2.2. By NFC Functionality 12.2.3. By Host Interface 12.2.4. By Application 12.2.5. By Industry 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By NFC Functionality 12.3.3. By Host Interface 12.3.4. By Application 12.3.5. By Industry 12.4. Key Takeaways 13. Asia Pacific NFC Reader ICs Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.1.4. Malaysia 13.2.1.5. Singapore 13.2.1.6. Australia 13.2.1.7. Rest of Asia Pacific 13.2.2. By NFC Functionality 13.2.3. By Host Interface 13.2.4. By Application 13.2.5. By Industry 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By NFC Functionality 13.3.3. By Host Interface 13.3.4. By Application 13.3.5. By Industry 13.4. Key Takeaways 14. MEA NFC Reader ICs Market Analysis 2017-2021 and Forecast 2022-2032, By Country 14.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021 14.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By NFC Functionality 14.2.3. By Host Interface 14.2.4. By Application 14.2.5. By Industry 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By NFC Functionality 14.3.3. By Host Interface 14.3.4. By Application 14.3.5. By Industry 14.4. Key Takeaways 15. Key Countries NFC Reader ICs Market Analysis 15.1. U.K. 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By NFC Functionality 15.1.2.2. By Host Interface 15.1.2.3. By Application 15.1.2.4. By Industry 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By NFC Functionality 15.2.2.2. By Host Interface 15.2.2.3. By Application 15.2.2.4. By Industry 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By NFC Functionality 15.3.2.2. By Host Interface 15.3.2.3. By Application 15.3.2.4. By Industry 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By NFC Functionality 15.4.2.2. By Host Interface 15.4.2.3. By Application 15.4.2.4. By Industry 15.5. Rest of Latin America 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By NFC Functionality 15.5.2.2. By Host Interface 15.5.2.3. By Application 15.5.2.4. By Industry 15.6. Germany 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2021 15.6.2.1. By NFC Functionality 15.6.2.2. By Host Interface 15.6.2.3. By Application 15.6.2.4. By Industry 15.7. U.K. 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2021 15.7.2.1. By NFC Functionality 15.7.2.2. By Host Interface 15.7.2.3. By Application 15.7.2.4. By Industry 15.8. France 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2021 15.8.2.1. By NFC Functionality 15.8.2.2. By Host Interface 15.8.2.3. By Application 15.8.2.4. By Industry 15.9. Spain 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2021 15.9.2.1. By NFC Functionality 15.9.2.2. By Host Interface 15.9.2.3. By Application 15.9.2.4. By Industry 15.10. Italy 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2021 15.10.2.1. By NFC Functionality 15.10.2.2. By Host Interface 15.10.2.3. By Application 15.10.2.4. By Industry 15.11. Rest of Europe 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2021 15.11.2.1. By NFC Functionality 15.11.2.2. By Host Interface 15.11.2.3. By Application 15.11.2.4. By Industry 15.12. China 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2021 15.12.2.1. By NFC Functionality 15.12.2.2. By Host Interface 15.12.2.3. By Application 15.12.2.4. By Industry 15.13. Japan 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2021 15.13.2.1. By NFC Functionality 15.13.2.2. By Host Interface 15.13.2.3. By Application 15.13.2.4. By Industry 15.14. South Korea 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2021 15.14.2.1. By NFC Functionality 15.14.2.2. By Host Interface 15.14.2.3. By Application 15.14.2.4. By Industry 15.15. Malaysia 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2021 15.15.2.1. By NFC Functionality 15.15.2.2. By Host Interface 15.15.2.3. By Application 15.15.2.4. By Industry 15.16. Singapore 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2021 15.16.2.1. By NFC Functionality 15.16.2.2. By Host Interface 15.16.2.3. By Application 15.16.2.4. By Industry 15.17. Australia 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2021 15.17.2.1. By NFC Functionality 15.17.2.2. By Host Interface 15.17.2.3. By Application 15.17.2.4. By Industry 15.18. Rest of Asia Pacific 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2021 15.18.2.1. By NFC Functionality 15.18.2.2. By Host Interface 15.18.2.3. By Application 15.18.2.4. By Industry 15.19. GCC Countries 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2021 15.19.2.1. By NFC Functionality 15.19.2.2. By Host Interface 15.19.2.3. By Application 15.19.2.4. By Industry 15.20. South Africa 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2021 15.20.2.1. By NFC Functionality 15.20.2.2. By Host Interface 15.20.2.3. By Application 15.20.2.4. By Industry 15.21. Israel 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2021 15.21.2.1. By NFC Functionality 15.21.2.2. By Host Interface 15.21.2.3. By Application 15.21.2.4. By Industry 15.22. Rest of MEA 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2021 15.22.2.1. By NFC Functionality 15.22.2.2. By Host Interface 15.22.2.3. By Application 15.22.2.4. By Industry 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By NFC Functionality 16.3.3. By Host Interface 16.3.4. By Application 16.3.5. By Industry 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. NXP Semiconductors 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.2. STMicroelectronics 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.3. Texas Instruments Incorporated 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.4. Broadcom Inc. 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.5. Qualcomm Inc. 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.6. AMS AG 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.7. Marvell Technology Group Ltd. 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.8. Sony Corp. 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.9. Mstar Semiconductor Inc. 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.10. MediaTek Inc. 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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