The global Near-Field Communication (NFC) market size is expected to reach USD 87.53 Billion in 2032 and register a steady revenue CAGR of 14.2% during the forecast period, according to the latest analysis by Emergen Research. Increasing adoption of wearable technology is a major factor driving revenue growth of the market. Activity trackers in the sporting goods sector as well as companies that provide high-end fashion accessories are driving expansion of wearable technology. Near Field Communication (NFC) and wireless charging technology are rapidly being incorporated with built-in connectivity technologies such as Wi-Fi and Bluetooth in wristbands. NFC is used to make contactless payments utilizing EMVCo-compatible technology. Undoubtedly, it is convenient to be able to make purchases without having to take out one's wallet or to go for a run without having to bring a phone or wallet. Wearables are increasingly using wireless charging. These devices batteries need to be often recharged. The ability to wirelessly charge the device is innovative for the wearable sector since it eliminates the need to bring a charger or go home.
The report on the Global Near Field Communication Market is an investigative study on the key features of the business landscape along with an analysis of the growth opportunities, challenges, threats, drivers and restraints, and limitations of the market. The report also offers insights into the segments, sub-segments, and regions exhibiting promising growth. The evaluation of the various segments is useful in getting clarity about the growth areas and viable opportunities in the Near Field Communication market for the forecast period, 2019 to 2032.
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Key companies operating in the Near Field Communication market include:
NXP Semiconductors, Broadcom, Qualcomm Technologies, Inc., Texas Instruments Incorporated, STMicroelectronics, Samsung, Renesas Electronics Corporation, Intel Corporation, Toshiba Corporation, and ams-OSRAM AG
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Near Field Communication market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Near Field Communication Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Near Field Communication Market Segmentation:
Device Operating Mode Outlook (Revenue, USD Million; 2019–2032)
- Reader Emulation
- Peer-to-Peer
- Card Emulation
Offering Outlook (Revenue, USD Million; 2019–2032)
- Non-Auxiliary Products
- NFC ICS & Antennas
- NFC Tags
- NFC Readers
- Auxiliary Products
- NFC Micro SD Cards
- NFC Covers
- Software
- Non-Auxiliary Products
Application Outlook (Revenue, USD Million; 2019–2032)
- Retail
- Product Identification
- Transaction
- Transportation
- Ticketing
- Access Control
- Automotive
- Low-End
- Mid-Range
- High-End
- Residential & Commercial
- Physical Access
- Time& Attendance
- Automated Locking System
- Smart Lighting
- Medical & Healthcare
- Medical Devices
- Access Control
- Consumer Electronics
- Wearable Devices
- Mobile Phones/Tablets
- Laptops/Personal Computers
- Cameras
- Printers
- Gaming Devices
- Others
- Banking & Finance
- E-Money Services (POS Machines)
- Multiforex Cards
- Hospitality
- Access Control
- Transaction
- Others
- Education
- Government
- Retail
Near Field Communication Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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