Near Field Communication Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Near Field Communication (NFC) Market covers analysis by Device Operating Mode, Product & Software and Industry, and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPTE100000144
  • Category : Technology, Media and Telecommunications
  • No. of Pages : 150
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Near Field Communication Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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Near field communication (NFC) is a wireless technology that offers exchange of data between the NFC technologies enabled devices. NFC is a short range communication technique and an efficient alternative to communication technologies such as Wi-Fi and Bluetooth. NFC transfers data by bringing the devices closer or by touching them together. NFC enable the users to seamlessly share data between devices, use their mobile phone as e-ticket or pay bills wirelessly. The important benefit of NFC over Bluetooth is shorter set-up period. Also, NFC works on devices that are not driven by battery such as smart credit card. NFC technology has various advantages such as versatility, safety and convenience. It requires PIN and does not allow physical access of credit card information to merchants. Hence, NFC is much more secure than other techniques of transaction. NFC is very convenient to use.

The growing trend of cashless transactions worldwide is the key driver for the growth of global NFC market. There is rise in demand for multi-tasking devices globally, hence, consumer electronics enterprises are involved in integrating NFC technology in their tablets and mobile phones to provide a single solution to the consumers. Also, global NFC market is bolstering due to increase in adoption of NFC technology in tablet, smartphones and other similar devices.

NFC allows easy payments and enable users to transfer data, play games, share information and access social networking sites. It can be combined with retailers' point of sale (POS), healthcare systems and public transit payment systems. The global NFC market is highly driven by increasing penetration of smartphone users for making secure online transactions and contactless payments facility. The rise in mobile internet users also contributes to the global NFC market growth. Whereas, short range of communication is one of the factors that hinders the growth

The global NFC market is segmented by device operating mode into reader emulation, card emulation and peer-to-peer. The global NFC market is further bifurcated by product & software types as auxiliary products, NFC software and non-auxiliary products. Global NFC market is also segmented on the basis of industry as retail, transportation, residential & commercial, consumer electronics, automotive, medical & healthcare, banking & finance and others. The NFC market is further bifurcated by regions into North America, Asia Pacific, Middle East & Africa, Europe, and South America.

North America is the leading global NFC market in terms of market share. Asia Pacific is anticipated to experience a faster growth in the coming years due to rise in adoption of NFC technology and increasing awareness. Further, Europe region is also projected to be a high potential market.

Broadcom Inc., Toshiba Corporation, Infineon Technologies, DeviceFidelity Inc., Samsung Electronics Co. Ltd., Visa Inc., Identive Group, MasterCard, PayPal, American Express, Qualcomm, MediaTek Inc., STMicroelectronics, Renasas Electronics Corporation, NXP Semiconductors, Texas Instruments, Huawei Technologies Co., Ltd., Gemalto NV, STmicroelectronics, Apple Inc. and Inside Secure among others are some of the chief market players operating in the global NFC market.


REGIONAL FRAMEWORK

Near Field Communication (NFC) Market Report Analysis

Near Field Communication (NFC) Market

  • CAGR (2023 - 2031)
    XX%
  • Market Size 2023
    US$ XX Million
  • Market Size 2031
    US$ XX Million

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • Broadcom Inc.
  • Toshiba Corporation
  • Infineon Technologies
  • DeviceFidelity Inc.
  • Samsung Electronics Co. Ltd.
  • Visa Inc.
  • Identive Group
  • MasterCard
  • PayPal

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

By Device Operating Mode
By Product & Software and Industry
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
MARKET PLAYERS

Near Field Communication (NFC) Market Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) XX%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Device Operating Mode
    By Product & Software and Industry
      Regions and Countries Covered North America
      • US
      • Canada
      • Mexico
      Europe
      • UK
      • Germany
      • France
      • Russia
      • Italy
      • Rest of Europe
      Asia-Pacific
      • China
      • India
      • Japan
      • Australia
      • Rest of Asia-Pacific
      South and Central America
      • Brazil
      • Argentina
      • Rest of South and Central America
      Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of Middle East and Africa
      Market leaders and key company profiles
    • Broadcom Inc.
    • Toshiba Corporation
    • Infineon Technologies
    • DeviceFidelity Inc.
    • Samsung Electronics Co. Ltd.
    • Visa Inc.
    • Identive Group
    • MasterCard
    • PayPal
      • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
      Report Coverage
      Report Coverage

      Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

      Segment Covered
      Segment Covered

      This text is related
      to segments covered.

      Regional Scope
      Regional Scope

      North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

      Country Scope
      Country Scope

      This text is related
      to country scope.

      The List of Companies
      1. Broadcom Inc.
      2. Toshiba Corporation
      3. Infineon Technologies
      4. DeviceFidelity Inc.
      5. Samsung Electronics Co. Ltd.
      6. Visa Inc.
      7. Identive Group
      8. MasterCard
      9. PayPal
      10. American Express
      11. Qualcomm
      12. MediaTek Inc.
      13. STMicroelectronics
      14. Renasas Electronics Corporation
      15. NXP Semiconductors
      16. Texas Instruments
      17. Huawei Technologies Co., Ltd.
      18. Gemalto NV
      19. Apple Inc.
      20. Inside Secure

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