top of page
Search

Near Field Communication Market Projected to Witness Vigorous Expansion by 2032

  • Writer: chhaya chavan
    chhaya chavan
  • May 23, 2023
  • 3 min read

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 is a comprehensive research study of the global Near Field Communication market inclusive of the latest trends, growth factors, developments, opportunities, and competitive landscape. The research study includes an in-depth analysis of the market using advanced research methodologies such as SWOT analysis and Porter’s Five Forces analysis. The report is formulated with data gathered from primary and secondary research examined and validated by industry experts. The report provides an overview of the market leaders, segmentation by type, application, and region, and technological advancements.

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:

  • Critical understanding of the key market segments

  • Comprehensive analysis of the drivers, restraints, trends, and opportunities

  • 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

  • Detailed regional analysis and extensive company profiling

  • Extensive assessment of current and emerging trends of the market

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

      1. NFC ICS & Antennas

      2. NFC Tags

      3. NFC Readers


  • Auxiliary Products

    1. NFC Micro SD Cards

    2. NFC Covers


  • Software


  • Application Outlook (Revenue, USD Million; 2019–2032)

    • Retail

      1. Product Identification

      2. Transaction


  • Transportation

    1. Ticketing

    2. Access Control


  • Automotive

    1. Low-End

    2. Mid-Range

    3. High-End


  • Residential & Commercial

    1. Physical Access

    2. Time& Attendance

    3. Automated Locking System

    4. Smart Lighting


  • Medical & Healthcare

    1. Medical Devices

    2. Access Control


  • Consumer Electronics

    1. Wearable Devices

    2. Mobile Phones/Tablets

    3. Laptops/Personal Computers

    4. Cameras

    5. Printers

    6. Gaming Devices

    7. Others


  • Banking & Finance

    1. E-Money Services (POS Machines)

    2. Multiforex Cards


  • Hospitality

    1. Access Control

    2. Transaction


  • Others

    1. Education

    2. Government



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)

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.

More Related Reports By Emergen ResearchIot Integration Market



Calcite Market



Elder Care Services & Assistive Devices Market



Dewatering Equipment Market



Frp Vessels Market



Personal Care Ingredients Market



Industrial Lubricants Market



Dairy Enzymes Market



Ambulatory Ehr Market



Medical Device Connectivity Market


About Emergen Research

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 analyze 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.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

 
 
 

Recent Posts

See All

Comments

bottom of page