- The key vendors in the Global NFC-enabled Handset Market 2015-2019 are Acer Inc., BlackBerry Ltd., Google Inc., HTC Corp., Lenovo Group Ltd., LG Corp., Microsoft Corp., Motorola Mobility LLC, Samsung Electronics Co. Ltd., Sony Corp. and ZTE Corp.
London, 02 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global NFC-enabled Handset Market 2015-2019. One major trend upcoming in this market is the advent of combo chip technology has the ability to support various technologies such as NFC, Bluetooth, Wi-Fi, and others. Chip maker, Marvell, has introduced Avastar 88W8887. It integrates a single chip in handsets for most of the wireless technology, including Wi-Fi and Bluetooth. The Global NFC-enabled Handset market is expected to grow at a CAGR of 55.8 percent during the period 2014-2019.
The falling prices of NFC chips and growing awareness about the benefits of this technology have encouraged handset vendors to deploy NFC technology in their handsets. Moreover, the popularity of contactless payment, and other marketing applications of NFC technology are expected to drive the sales of NFC-enabled handsets.
“NFC-enabled handsets are increasingly being used for travel ticketing across the globe, which not only eliminates the need to queue for tickets but also eases the transaction process,” says Faisal Ghaus, Vice President of TechNavio Research.
“NFC handsets can support multiple ticketing standards, thus creating a seamless experience for passengers by providing flexible and interoperable ticket systems.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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