NFC technology was originally incorporated into smartphones in 2011 and is now widely integrated into most phones, regardless of whether they run on iOS or Android. An NFC controller chip is attached to an NFC antenna in an NFC-enabled smartphone. The controller chip is a customized Central Processor Unit that accepts and executes instructions from the application processor software to finish NFC tag detection and/or reading NFC tag content. Unlike Bluetooth, NFC transfers data without the need for manual pairing or device discovery. When another NFC device enters the previously selected 4-inch range, an NFC connection is automatically established. When the two devices are in range, they quickly communicate and provide prompts to the user. NFC can perform a wide range of tap-and-go functions, and digital wallets like Apple Pay, Google Pay, and Samsung Pay only scratch the surface. Music fans may use NFC to easily connect their mobile to speakers, as well as check in to their work computer, unlock their car door, and track their health and fitness information.
NXP Semiconductors N.V.; Samsung; Qualcomm; Infineon AG; STMicroelectronics; and Qualcomm – Prominent Market Participants in NFC Chip Market
Automotive, air transport, public transportation, retail, and medical are critical sectors expected to be the most crucial end users of NFC technology. To get a competitive edge in the present market scenario, stakeholders in the current NFC chip market are actively pursuing collaboration opportunities with other competitors in the market. The emergence of special interest groups (SIGs) has fueled the development of future-proof new creative solutions based on NFC technology. Growth in above-mentioned areas will have a positive impact in the growth of NFC chip market.
NXP Semiconductors N.V.; Samsung; Qualcomm; Infineon AG; and STMicroelectronics are some of the key market players operating in the global NFC chip market. The listing of key players is derived by considering multiple factors such as overall revenue, current environmental consulting services product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the environmental consulting services ecosystems which were studies analyzed during the course of this market research study.
Most of the market initiatives were observed in North American region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
| Year | News | Country |
| 2022 | Identiv, Inc. collaboration with NXP or NFC- Enabled Secure Sensing tags in the field of product integrity and condition monitoring. The collaboration is for the company to the constant quest for innovation in the smart, secure product space. | North America |
| 2021 | Samsung Electronics is working with Microsoft on a new augmented/mixed reality project involving HoloLens, a report from the Korean media. The HoloLens is head-mounted mixed reality smart glasses developed by Microsoft for enterprises and various industries, and Samsung’s involvement could relate to hardware. | APAC |
