Infographics - Near Field Communication Market

The global near field communication market has witnessed substantial growth in recent years. Near field communication or NFC is a set of communication protocols that enables two electronic devices, like smartphones, to establish radio communication with each other by bringing them into close proximity, usually no more than 10 cm. NFC technology allows users to perform simple transactions, data exchange between two devices through touch such as sharing contacts, paying for a train ticket, or accessing e-pass. It is increasingly finding applications in marketing, branding, and customer engagement through digital posters and signage. The rising adoption of mobile devices, convenience of contactless payments, need for seamless connectivity, and growing focus on digital transformation across industries are some of the major factors propelling the demand for NFC technology worldwide.

Market Dynamics:

The global near field communication market is primarily driven by the growing penetration of smartphones and rising focus on contactless payments. There is increasing adoption of digital wallets, mobile point-of-sale terminals, and cashless transactions, which, in turn, has accelerated the deployment of NFC technology. Moreover, rapid technological advancements like the integration of NFC chips in various IoT devices to enable secure data transfer over short distances offers significant opportunities for market players. However, high costs associated with installation and risks related to the security and privacy of financial transactions hampers the market growth. Key players are focused on reducing the costs to encourage adoption across price-sensitive markets.

Key features of the study:

This report provides in-depth analysis of the global near field communication market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global near field communication market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include AMS AG, Broadcom Inc., Fujitsu Limited, Gemalto (now part of Thales Group), Identiv Inc., Infineon Technologies AG, Inside Secure (now part of Verimatrix), Marvell Technology Group Ltd., MediaTek Inc., Microchip Technology Inc., Nordic Semiconductor, NXP Semiconductors, Qualcomm Incorporated, Renesas Electronics Corporation, and Samsung Electronics Co., Ltd
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global near field communication market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global near field communication market

Detailed Segmentation:

By Product Type
- Non-Auxiliary
- Auxiliary
By End User
- BFSI
- IT & Telecommunications
- Retail
- Healthcare
- Hospitality and Transportation
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- AMS AG
- Broadcom Inc.
- Fujitsu Limited
- Gemalto (now part of Thales Group)
- Identiv Inc.
- Infineon Technologies AG
- Inside Secure (now part of Verimatrix)
- Marvell Technology Group Ltd.
- MediaTek Inc.
- Microchip Technology Inc.
- Nordic Semiconductor
- NXP Semiconductors
- Qualcomm Incorporated
- Renesas Electronics Corporation
- Samsung Electronics Co., Ltd

Table of Contents

Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
Market Purview
- Report Description
  - Market Definition and Scope
- Executive Summary
  - Market Snippet, By Product Type
  - Market Snippet, By End User
  - Market Snippet, By Region
- Coherent Opportunity Map (COM)
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
  - Drivers
  - Restraints
  - Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New Product Type Launches/Approvals
- Impact of COVID-19 Pandemic
Global Near Field Communication Market, By Product Type, 2019-2031 (US$ Bn)
- Introduction
  - Market Share Analysis, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, 2019-2031
  - Segment Trends
- Non-Auxiliary
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Bn)
- Auxiliary
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Bn)
Global Near Field Communication Market, By End User, 2019-2031 (US$ Bn)
- Introduction
  - Market Share Analysis, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, 2019-2031
  - Segment Trends
- BFSI
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Bn)
- IT & Telecommunications
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Bn)
- Retail
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Bn)
- Healthcare
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Bn)
- Hospitality and Transportation
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Bn)
- Others
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Bn)
Global Near Field Communication Market, By Region, 2019-2031 (US$ Bn)
- Introduction
  - Market Share Analysis, By Region, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, 2019-2031
- North America
  - Regional Trends
  - Market Size and Forecast, By Product Type, 2019–2031 (US$ Bn)
  - Market Size and Forecast, By End User, 2019–2031 (US$ Bn)
  - Market Share Analysis, By Country, 2024 and 2031 (%)
    - U.S.
    - Canada
- Europe
  - Regional Trends
  - Market Size and Forecast, By Product Type, 2019–2031 (US$ Bn)
  - Market Size and Forecast, By End User, 2019–2031 (US$ Bn)
  - Market Share Analysis, By Country, 2024 and 2031 (%)
    - Germany
    - U.K.
    - Spain
    - France
    - Italy
    - Russia
    - Rest of Europe
- Asia Pacific
  - Regional Trends
  - Market Size and Forecast, By Product Type, 2019–2031 (US$ Bn)
  - Market Size and Forecast, By End User, 2019–2031 (US$ Bn)
  - Market Share Analysis, By Country, 2024 and 2031 (%)
    - China
    - India
    - Japan
    - ASEAN
    - Australia
    - South Korea
    - Rest of Asia Pacific
- Latin America
  - Regional Trends
  - Market Size and Forecast, By Product Type, 2019–2031 (US$ Bn)
  - Market Size and Forecast, By End User, 2019–2031 (US$ Bn)
  - Market Share Analysis, By Country, 2024 and 2031 (%)
    - Brazil
    - Argentina
    - Mexico
    - Rest of Latin America
- Middle East & Africa
  - Regional Trends
  - Market Size and Forecast, By Product Type, 2019–2031 (US$ Bn)
  - Market Size and Forecast, By End User, 2019–2031 (US$ Bn)
  - Market Share Analysis, By Country, 2024 and 2031 (%)
    - South Africa
    - Israel
    - GCC Countries
    - Rest of the Middle East & Africa
Competitive Landscape
- Company Profiles
  - AMS AG
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Broadcom Inc.
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Fujitsu Limited
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Gemalto (now part of Thales Group)
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Identiv Inc.
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Infineon Technologies AG
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Inside Secure (now part of Verimatrix)
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Marvell Technology Group Ltd.
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - MediaTek Inc.
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Microchip Technology Inc.
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Nordic Semiconductor
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - NXP Semiconductors
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Qualcomm Incorporated
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Renesas Electronics Corporation
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Samsung Electronics Co., Ltd
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
Wheel of Fortune
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
Reference and Research Methodology
- References
- Research Methodology
- About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Global Near Field Communication Market - Global forecast to 2031”

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NEAR FIELD COMMUNICATION MARKET ANALYSIS

Near Field Communication Market

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