NXP Semiconductors, Broadcom Corporation, Qualcomm, MediaTek Inc. and Marvell Technology Group Ltd. are some lucrative NFC companies. As of 2013, NXP dominates the NFC chip market with a market share of 59 percent. Broadcom accounts for one-third of the market. The leading chipmaker, Qualcomm, entered the NFC market in 2013.
Near Field Communication (NFC) is a technology that allows devices including smartphones to establish a radio connection and communicate wirelessly with each other when coming within close proximity or upon touching the devices together. Mobile wallets, games, entertainment, marketing and social media are potential markets for realizing the potential of NFC technology.
Big companies like Google, Microsoft, Facebook and Apple are investing heavily in NFC technology. Google Wallet and Apple’s implementation of tap-to-pay technology in its iPhones through Apple Pay are a boost to making NFC more mainstream. Payment systems based on NFC technologies are more secure and are a potential replacement for credit cards. Furthermore, NFC devices are implemented in video game consoles, point-of-sale devices and medical tools.
ST Microelectronics and Infineon Technologies are other chip makers with the potential to be big players in the NFC chip market. IHS iSuppli, a market research firm, predicts shipment of 1.64 billion NFC chips in 2018.