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 offers a complete analysis of the global Near Field Communication market on a global and regional scale and offers a forecast for the market for 8 years. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government deals, licensing agreements, and others.

 

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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
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
 

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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