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 latest report on the Near Field Communication industry takes a closer look at the value chain assessment for the forecast period, 2022 to 2030. Along with the detailed analysis of the performance of the prominent market players, the study brings to light their winning strategies. Apart from this, the researchers behind the market intelligence report examine the weaknesses, strengths, opportunities, and restraints expected to shape the progress of the Near Field Communication market for the forecast period, 2022 to 2030. The market intelligence report includes detailed statistics on market segmentation based on product value, application, classification, and sale.
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Key companies profiled in the report include:
NXP Semiconductors, Broadcom, Qualcomm Technologies, Inc., Texas Instruments Incorporated, STMicroelectronics, Samsung, Renesas Electronics Corporation, Intel Corporation, Toshiba Corporation, and ams-OSRAM AG
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Near Field Communication market?
What are the key product types and applications of the Near Field Communication industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Near Field Communication market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Near Field Communication Market by 2027?
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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
Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
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ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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