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 covers the analysis of the factors anticipated to drive the Global Near Field Communication Market growth over the forecast period of 2020-2027. The report is an all-inclusive document covering the market landscape and a futuristic perspective on its growth and progress. The report also provides an analysis of the entry-level driving and restraining factors for the new entrants contributing to the market. The report considers 2019 as the base year and 2017-2018 as the historical years. It puts examines drivers and restraints of the Near Field Communication market and analyzes their impact on the industry throughout the forecast period.
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Key Players operating in the industry are:
NXP Semiconductors, Broadcom, Qualcomm Technologies, Inc., Texas Instruments Incorporated, STMicroelectronics, Samsung, Renesas Electronics Corporation, Intel Corporation, Toshiba Corporation, and ams-OSRAM AG
Radical Features of the Near Field Communication Market Report:
The report encompasses Near Field Communication market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
Supply chain analysis along with technological advancements offered in the report
The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Near Field Communication industry
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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
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
Regional Analysis Covers:
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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