© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 NFC Chips Market Growth Drivers, Key Players Analysis and Forecast Report to 2024: Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Asia Pacific is expected to witness a high growth in industry share in the NFC chips market. The strong presence of smartphone players and retail sectors is the major factor driving the revenue of the industry. With the technological advancements in the smartphone industry, the need for contactless payments using mobile phones is increasing rapidly.  Growing adoption of this technology in the retail sector is expected to provide several advantages to the companies such as customer satisfaction, spreading awareness about contactless payments, and speedy transactions.  The higher adoption of this technology in retail stores and the increasing demand for traffic management in these outlets are driving the NFC chips market growth. Regional Analysis of NFC Chips Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of NFC Chips Market:  Applications of the technology in smartphones are expanding the demand for these components in the NFC chips market. The rise in technological advancements is encouraging the players to integrate the technology into mobile phones, which will provide smart solutions to the customers in their hands. Several mobile applications are developed to support this payment feature in smartphones. Several smartphones players are providing these components in their devices; for instance, the first phone integrated with these chips was Nokia 6131, which was launched in Similarly, Apple Pay uses this technology to provide contactless payment benefits to their customers; these phones detect the field and allow the authentication of the payment by touch ID, face ID, or passcode.  The healthcare sector is expected to witness a substantial growth with the adoption of this technology in several medical activities and patient monitoring. The growing importance and the need for tracking and marking the patient’s medicines, timings, doctor’s visit, and days of recovery are driving the NFC chips market growth. This technology provides details about the medication of the patients by scanning the tags and the information about the timing of the scan is noted. This technology will help the doctors and patients in performing their tasks and activities effectively and efficiently without any errors.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Key players operating in NFC chips market are Barclays, Ingenico Group, Giesecke & Devrient GmbH, Apple, Inc., Marvell Technology Group Ltd., Sony Corporation, Samsung Electronics Ltd., Heartland Payment Systems, Inc, Inside Secure, On Track Innovations Ltd., Gemalto N.V., Verifone Systems, Inc., Wirecard AG, NXP Semiconductors, Broadcom Corporation, Texas Instruments, Inc., Qualcomm, Inc., STMicroelectronics, Media Tek, Inc., MStar Semiconductor, Inc, Murata Manufacturing Co., Ltd., EM Microelectronic-Marin Sa, Renesas Electronics Corporation, and Toshiba Corporation, among others.  These players are competing based on the customer requirements for contactless payments and the ease to carry out this feature. For instance, in July 2018, Pernod Ricard and BlackSheep developed connected glass, which is integrated with these chips, allowing customers to order their food or drink on the table. They are targeting their products in the smartphone industry to grow their industry share in the NFC chips market. Competitive Market Share of NFC Chips Market:

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