NEAR FIELD COMMUNICATION MARKET ANALYSIS

Key Developments

• In July 2022, Infineon Technologies AG, a global leader in semiconductor solutions provider, introduced NAC1080, a single-chip solution featuring an integrated H-Bridge for passive NFC lock applications. This microcontroller utilizes near field communication (NFC) technology, allowing smartphones to directly operate devices. Additionally, advanced local and cloud functionalities can be integrated into mobile apps developed by regional marketing partners, which reduces material costs and supports miniaturized product designs.
• In November 2021, STMicroelectronics, a global semiconductor leader, introduced a low-cost NFC Type 2 Tag IC featuring privacy enhancements and improved NDEF capabilities. This solution offers a new balance of cost and performance for high-volume applications such as consumer engagement, product information, and brand protection, thereby expanding growth opportunities within the near field communication market.
• In June 2020, NXP Semiconductors, a global leader in secure connectivity solutions, announced a collaboration with Mastercard and Xiaomi Inc., a prominent consumer electronics company, to introduce more convenient and secure contactless experiences in Russia. This initiative marks the first phase of a broader European rollout utilizing NXP's mobile wallet solution. The mWallet 2GO platform will power mobile payments for Xiaomi's Mi Smart Band 4 NFC wearable devices, facilitating an accelerated rollout across Europe by meeting OEMs' needs for easy, secure, and scalable wallet implementations.
• In April 2020, Infineon Technologies AG, a global leader in semiconductor solutions, completed the acquisition of Cypress Semiconductor Corporation. This strategic move enabled Infineon to offer its customers the industry's most comprehensive portfolio for connecting the real and digital worlds, thereby shaping digitalization, which is one of the most significant global trends.

Definition: The global near field communication market involves devices and services that utilize Near Field Communication (NFC) technology. NFC allows for contactless communication between devices like phones, tablets, and credit cards over short range distances typically under 10 cm. This market includes NFC-enabled smartphones and other mobile devices, NFC chipsets, contactless payment POS terminals, contactless point of sale systems, transit ticketing solutions and other accessories and services related to contactless transactions and data sharing using NFC technology on a global scale.