Global NFC Chips Market to Reach $15.7 Billion by 2027
Amid the COVID-19 crisis, the global market for NFC Chips estimated at US$4.2 Billion in the year 2020, is projected to reach a revised size of US$15.7 Billion by 2027, growing at a CAGR of 20.8% over the period 2020-2027.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 20.4% CAGR
The NFC Chips market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2027 trailing a CAGR of 20.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.6% and 17.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.6% CAGR.We bring years of research experience to this 8th edition of our report. The 100-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Infineon Technologies AG
- NXP Semiconductors NV
- Qualcomm Technologies, Inc.
- Renasas Electronics Corporation
- STMicroelectronics NV
- Toshiba Corp.