Market Share of Near Field Communication Industry
The near field communication market is moderately competitive, and several global players, along with the local companies, are involved in this market. The companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. With the growing innovation, it is expected that few small to mid-sized companies will also enter the market studied in the near future. Some of the recent developments in the market are:
- June 2020 - NXP Semiconductors, Mastercard, and Xiaomi Inc. announced about bringing more convenient and secure contactless experiences to Russia as the first phase of a European-wide roll-out with NXP's mobile wallet solution. Powering mobile payments for Xiaomi's Mi Smart Band 4 NFC wearable devices, NXP's mWallet 2GO supports an accelerated roll-out across Europe by addressing OEMs' needs for easy, yet secure and scalable, wallet implementations.
- April 2020 - Infineon Technologies AG completed the acquisition of Cypress Semiconductor Corporation. With this, the company can offer its customers the industry's most comprehensive portfolio to link the real with the digital world and shape digitalization, one of the most important global trends.
Near Field Communication Market Leaders
NXP Semiconductors
STmicroelectronics N.V.
Texas Instruments Incorporated
Toshiba Electronic Devices & Storage Corporation
Infineon Technologies
*Disclaimer: Major Players sorted in no particular order
