NFC Systems Market 2020 Latest Technology And Market Application By Top Players: Broadcom, Smartrac, NXP Semiconductors, INSIDE SECURE, Qualcomm
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Sep 28, 2020 (Market Insight Reports) —
NFC Systems Market Size, Status, Business Future Scenarios and Brief Analysis 2020-2025
The “Global NFC Systems Market Report 2025” offers a clear understanding of the subject matter. The report has been gathered using principal and subordinate research methodologies. Both these methods are directed towards cooperating accurate and meticulous data concerning the market dynamics, historical events, and the current market landscape. Additionally, the NFC Systems Market report includes a SWOT analysis that concludes the strengths, weaknesses, opportunities, and threats impacting the segment of the overall market.
The global NFC Systems market is estimated at $11634.7 million, with a compound annual growth rate of 27.94%.
Top Leading Companies of the Global NFC Systems Market are Broadcom Inc. (NASDAQ: AVGO), Smartrac, NXP Semiconductors, INSIDE SECURE, Qualcomm, MediaTek, SanDisk, Sony, Renesas Electronics, STMicroelectronics
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Near Field Communication is an emerging technology. Devices using NFC technology (such as mobile phones) can exchange data when they are close to each other. It is an evolution of the integration of non-contact radio frequency identification (RFID) and interconnection technologies. In the future, by integrating the functions of the inductive card reader, inductive card, and point-to-point communication on a single chip, the mobile terminal is used to implement applications such as mobile payment, electronic ticketing, access control, mobile identity recognition, and anti-counterfeiting.
STMicroelectronics announced the closing of the full acquisition of Swedish silicon carbide (SiC) wafer manufacturer Nortel AB. ST exercised its option to acquire the remaining 45% stake, following the initial transaction announced in February 2019. The total consideration for the acquisition of Nortel was $137.5 million, funded with available cash.
Broadcom Inc. announced that the companies have entered