A new report finds the NFC chips market is growing at 50.6% CAGR by volume to 2019 based on end-users. The increasing penetration of NFC technology across the board is the most significant factor in the NFC chips market.
The Global NFC Chips Market 2015-2019 research report finds the increasing penetration of NFC technology across the board is the most significant factor in NFC chips market. There has been a tremendous elevation in awareness of NFC that has resulted in the high adoption of the NFC chips.
Additionally, an increasing number of patents obtained by vendors, a growing number of global NFC projects and a huge increase in adoption of NFC mobile handsets have significantly contributed to the penetration of NFC technology.
Market of NFC chips refers to the ICs in mobile devices, POS terminals, and retail products that store information and control transactions. NFC chips enable communication between NFC-enabled devices within a radius of 4 inches. These chips provide ease of transaction and data exchange between devices without the need to pair them. This has resulted in increased adoption for NFC chips market across various segments. The report includes the present scenario and growth prospects of the global NFC chips market for the period 2015-2019. The report segments the market based on end-users.
Broadcom, Inside Secure, NXP Semiconductors, Sony, Media Tek, Qualcomm and Renesas are some of the companies mentioned in this NFC chips market research to 2019.
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