Near field communication (NFC) is a short range connectivity technology that is based on radio frequency (RFID) and uses magnetic induction coupling for allowing communication among electronic device wirelessly. NFC provides an identification protocol that authenticates secure data transfer, enabling users to perform safe and contactless transactions. So far, adoption in mobile phones has been the major focus of NFC industry players.
In 2021 the global Near Field Communication Market is estimated to be valued at US$ 22,282.8 Million and is expected to exhibit a CAGR of 16.4% during the year (2021-2030)
Leading Companies in the Near Field Communication Industry:
1) Broadcom Corporation
Broadcom Corporation is an American fabless semiconductor company. The company was acquired by Avago technologies in 2016. Broadcom manufactures products for the wireless and broadband communication. Products manufactured include Cable converter boxes, Gigabit Ethernet, Cable moderns, Server farms, VoIP. The company was founded in 1991, by Henry Nicholas, Henry Samueli. The headquarters are located in Irvine, California, United States.
In May 2022, Broadcom Corporation acquired VMware, a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control for US$ 69.00 Billion.
2) On Track Innovation Ltd.
On Track Innovation Ltd. (OTI), is a global company known for developing contactless payment solutions. The company uses NFC technologies. Products manufactured by the company include telemetry, payment readers and terminals. The company was founded in the year 1990, and the headquarters are located Yokneam, Israel.
3) NXP Semiconductors N.V.
NXP Semiconductors N.V. is a Dutch semiconductor designer and manufacturer. The company manufactures integrated circuits. NXP was founded in the year 2006 and the headquarters are located in High Tech Campus, Eindhoven, Netherlands.
In January, NXP introduced Advanced Automotive Radar One- Chip Family for Next-Gen ADAS and Autonomous Driving Systems.
4) Samsung Electronics Co. Ltd.
Samsung Electronics Co. Ltd is a south Korean multinational electronics corporation. It is the world’s second largest technology company by revenue. The company is a major manufacturer of Electronic Components such as lithium-ion batteries, semiconductors, image sensors, camera modules. The company was founded in 1969, and the headquarters are located Samsung Digital City, Yeongtong District, Suwon, South Korea.
In June 28, 2022 Samsung acquired Cynora, a company that develops and manufactures organic electronics.
5) Toshiba Corporation
Toshiba Corporation, is a Japanese multinational conglomerate corporation. Toshiba is one of the largest manufacturer of personal computers, consumer electronics, home appliances and medical equipment. The company was founded in 1875, and the headquarters are located in Minato, Tokyo, Japan. The company was founded by Tanaka Hisashige, Takayasu Mitsui, Shoichi Miyoshi and Fujioka Ichisuke.
In February 2023, Toshiba launched Gate-Driver IC for Automotive Brushless DC Motors that helps improve safety of electrical components.
6) SR Microelectronics N.V.
SR Microelectronics N.V. is a Dutch multinational corporation and technology company. Products manufactured include circuits, memory, microcontrollers, transistors, and smartcards. The company was founded in the year 1987 as a result of a merger of two government-owned semiconductor companies. The headquarters are located in Plan-les- Ouates, Geneva, Switzerland.
*Definition: Near Field Communication is a short-range wireless communication technology. which enables communication between devices, over a short distance.
