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2021
Near Field Communication Market

Near Field Communication Market by Product Type (NFC Tags, NFC ICs/Chips, SIM Cards, NFC Readers, and Others), Operating Mode (Read/Write Mode, Peer-to-peer Mode, and Card Emulation Mode), and End User (Retail, Transportation, Automotive, Residential & Commercial, Medical & Healthcare, Consumer Electronics, Banking & Finance, Hospitality, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028

A00623
Pages: 273
Apr 2021 | 17453 Views
   
Author(s) : Vikas Gaikwad & Rachita Rake
Tables: 122
Charts: 85
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Near Field Communication Market Statistics: 2028

The global NFC market size was valued at $15,531 million in 2019, and is projected to reach $54,521 million by 2028, registering a CAGR of 14.8% from 2021 to 2028. Near field communication (NFC) is a short-range wireless connectivity technology that makes life convenient and easier for consumers across the globe by enabling simpler exchange of the digital content, transactions, and connection with different electronic devices. It is mainly used in smartphones, laptops, and tablets for short range of data exchange (up to 10 cm or less). This technology is used for marketing and payment applications; however, it is also being used in many other applications such as chip-enabled mobile marketing, ticketing, identity & access, and gaming.

The COVID-19 pandemic has significantly pushed the growth rate of the near field communication market owing to the rise in demand for contactless solutions. In addition to this, factors such as growing use of NFC technology in smart packaging for healthcare and surge in demand for NFC in emerging medical applications due to the pandemic has created lucrative growth opportunities for the market. For instance, in May 2020, SUKU, the blockchain company partnered with Smartrac, an Avery Dennison company, to digitally authenticate and verify COVID-19 test kits and PPE using a near field communication (NFC) RFID tag.

On the basis of product type, the NFC readers segment exhibited the highest NFC market share in 2019, and is expected to maintain its dominance in the upcoming years. This is attributed to its emerging applications as well as surge in demand for NFC readers in access control and authentication applications. In addition, NFC reader comes in compact size and offers various features such as access control, payments, mass transit, and attendance check. However, the NFC tags segment is expected to witness the highest growth, due to the high demand from payments and access control applications.

Near Field Communication Market

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By end user, the global NFC market share was dominated by the consumer electronics segment in 2019 and is expected to maintain its dominance in the upcoming years, due to emergence of innovative consumer electronics products that integrate NFC technology. However, the healthcare segment is expected to witness the highest growth, owing to rise in adoption of near field communication to keep track of patients’ medical record. Companies introduced their new innovations such as wearable near field communication (NFC) tags for the healthcare industry. INFOSKIN is a wearable NFC tag that has multiple applications. It helps improve patient care with the automatic time stamps that helps record patient activity and allows easy maintenance and update of patient records in the healthcare & medical sector

Asia-Pacific is expected to observe the highest growth rate during the forecast period, due to increased adoption and awareness of NFC technology into transportation and retail industry. In addition, high penetration of smartphones in the countries such as India and China drives the growth of the near field communication market in the region. For instance, as per the study by Omidyar Network, mobile phone penetration in India is set to rise to 85-90% by 2020 from the levels of 65-75% in 2017.

The report focuses on the growth prospects, restraints, and near field communication market analysis. The study provides Porter’s five forces analysis of the near field communication industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the NFC market trends.

Segment review

The NFC market is segmented on the basis of product type, operating mode, end user, and region. By product type, it is categorized into NFC tags, NFC ICs/Chips, SIM cards, NFC readers, and others. By operating mode, it is classified into read/write mode, peer-to-peer mode, and card emulation mode. By end user, it is divided into retail, transportation, automotive, residential & commercial, medical & healthcare, consumer electronics, banking & finance, hospitality, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

COVID Impact Analysis

The current estimation of 2028 is projected to be higher than pre-COVID-19 estimates. The COVID-19 pandemic has significantly pushed the growth rate of the near field communication market owing to the rise in demand for contactless solutions. During the pandemic, businesses are faced with various challenges such as fluctuating supply chains, shifting business hours, and protecting their employees while ensuring that the public health is a priority. Therefore, contactless technologies such as NFC tags and others are experiencing an increase in demand during the pandemic. In addition, the market players have introduced innovative near field communication enabled products during the pandemic to ensure better customer experiences. This factor drives the market growth. For instance, in May 2019, Samsung Electronics launched a vertical TV that uses NFC functionality to work as a standard TV in horizontal mode and as a mirror of a user’s phone when in vertical mode.

Top impacting factors

The global NFC market is expected to exhibit robust growth during the forecast period. The need for convenient transfer and security of data and the proliferation of smartphones are the factors anticipated to boost the near field communication market growth. In addition, demand for improved customer experience along with the rise in demand for contactless payments due to the COVID-19 pandemic significantly fuel the growth of the market. However, short operational range and security concerns hamper the growth of the market during the near field communication market forecast period. On the other hand, surge in adoption of NFC-enabled wearable technology and recent technological advancements in NFC create lucrative growth opportunities for the market growth.

Near Field Communication Market
By Product Type

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NFC Tags segment is projected as one of the most lucrative segments.

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Rise in proliferation of smartphones

Smartphones have become an important part of the consumer’s lives today. Along with the traditional modes of communication, consumers are using their smartphones to make easier and faster payments. NFC provides convenient mode of payments since it merges a consumer’s mobile device with his/her wallet thereby enabling the user to make mobile transactions, easily exchange digital content, and connect their device with other devices through touch. Thus, there is an increase in number of smartphones enabled with NFC technology. This contributes toward the growth and trend of NFC technology among the developing economies. For instance, March 2021, Paytm, the digital payments company announced to let merchants use smartphones to accept near field communication (NFC)-based credit and debit card payments through its “Paytm Smart POS” for Android phones.

Surge in focus toward providing improved customer experience 

Companies can lock in their customers by providing NFC-enabled contactless payments and other diversified extended range of applications that can help them improve their workflow as well as improve customer experience. In addition, new uses of NFC such as smart posters, NFC-enabled smart cars, and smart sensors have gained popularity among the consumers, especially the young and technically inclined customers proving an opportunity to the established brands to enter new markets. Apart from payments and device-to-device sharing, NFC technology is being used for boarding passes and security access by airlines, keyless entries for offices, buildings, and cars, thereby offering growth opportunities for the NFC market. 

Near Field Communication Market
By Region

2028
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific region is projected as one of the most significant segments.

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Key Benefits For Stakeholders

  • This study includes the market analysis, near field communication market trends, and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and near field communication market opportunity.
  • The NFC market size is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in near field communication market.

Key Market Segments

  • By End User
    • Retail
    • Transportation
    • Automotive
    • Residential & Commercial
    • Medical & Healthcare
    • Consumer Electronics
    • Banking & Finance
    • Hospitality
    • Others
  • By Product Type
    • NFC Tags
    • NFC ICs/Chips
    • SIM Cards
    • NFC Readers
    • Others
  • By Region
    • North America
      • U.S.
      • Canada
    • Europe
      • UK
      • Germany
      • France
      • Russia
      • Rest of Europe
    • Asia-Pacific
      • China
      • India
      • Japan
      • Australia
      • Rest of Asia-Pacific
    • LAMEA
      • Latin America
      • Middle East
      • Africa
  • By Operating Mode
    • Read/Write Mode
    • Peer-to-peer Mode
    • Card Emulation Mode


Key Market Players

  • BROADCOM INC.
  • IDENTIVE
  • INFINEON TECHNOLOGIES
  • MAGTEK
  • NXP SEMICONDUCTORS
  • QUALCOMM TECHNOLOGIES, INC
  • SAMSUNG ELECTRONICS CO. LTD
  • SONY CORPORATION
  • TEXAS INSTRUMENTS INCORPORATED
  • THALES GROUP
 

CHAPTER 1:INTRODUCTION

1.1.REPORT DESCRIPTION
1.2.KEY BENEFITS FOR STAKEHOLDERS
1.3.KEY MARKET SEGMENTS

1.3.1.Key market players

1.4.RESEARCH METHODOLOGY

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools & models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.KEY FINDINGS

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO PERSPECTIVE

CHAPTER 3:MARKET OVERVIEW

3.1.MARKET DEFINITION AND SCOPE
3.2.KEY FORCES SHAPING THE NEAR FIELD COMMUNICATION MARKET
3.3.MARKET DYNAMICS

3.3.1.Drivers

3.3.1.1.Growing need for convenient transfer and security of data
3.3.1.2.Rise in proliferation of smartphones
3.3.1.3.Growing focus towards providing improved customer experience
3.3.1.4.Rise in demand for contactless payments due to the COVID-19 pandemic

3.3.2.Restraints

3.3.2.1.Short operational range and security concerns

3.3.3.Opportunities

3.3.3.1.Upsurge in adoption of NFC-enabled wearable technology
3.3.3.2.Recent technological advancements in NFC

3.4.PATENT ANALYSIS

3.4.1.By region (2000-2020)
3.4.2.By applicant

3.5.COVID-19 IMPACT ANALYSIS ON THE NEAR FIELD COMMUNICATION MARKET

3.5.1.Impact on market size
3.5.2.Consumer trends, preferences, and budget impact
3.5.3.Economic impact
3.5.4.Key player strategies to tackle negative impact
3.5.5.Opportunity window

CHAPTER 4:NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE

4.1.OVERVIEW
4.2.NFC TAGS

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.NFC ICS/CHIPS

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.SIM CARDS

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

4.5.NFC READERS

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis, by country

4.6.OTHERS

4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast, by region
4.6.3.Market analysis, by country

CHAPTER 5:NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE

5.1.OVERVIEW
5.2.READ/WRITE MODE

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.PEER-TO-PEER MODE

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.CARD EMULATION MODE

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

CHAPTER 6:NEAR FIELD COMMUNICATION MARKET, BY END USER

6.1.OVERVIEW
6.2.RETAIL

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.TRANSPORTATION

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.AUTOMOTIVE

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

6.5.RESIDENTIAL AND COMMERCIAL

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country

6.6.MEDICAL & HEALTHCARE

6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis, by country

6.7.CONSUMER ELECTRONICS

6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Market size and forecast, by region
6.7.3.Market analysis, by country

6.8.BANKING & FINANCE

6.8.1.Key market trends, growth factors, and opportunities
6.8.2.Market size and forecast, by region
6.8.3.Market analysis, by country

6.9.HOSPITALITY

6.9.1.Key market trends, growth factors, and opportunities
6.9.2.Market size and forecast, by region
6.9.3.Market analysis, by country

6.10.OTHERS

6.10.1.Key market trends, growth factors, and opportunities
6.10.2.Market size and forecast, by region
6.10.3.Market analysis, by country

CHAPTER 7:NEAR FIELD COMMUNICATION MARKET, BY REGION

7.1.OVERVIEW
7.2.NORTH AMERICA

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by product type
7.2.3.Market size and forecast, by operating mode
7.2.4.Market size and forecast, by End user
7.2.5.Market analysis, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by product type
7.2.5.1.2.Market size and forecast, by operating mode
7.2.5.1.3.Market size and forecast, by end user

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by product type
7.2.5.2.2.Market size and forecast, by operating mode
7.2.5.2.3.Market size and forecast, by end user

7.3.EUROPE

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by product type
7.3.3.Market size and forecast, by operating mode
7.3.4.Market size and forecast, by End user
7.3.5.Market analysis, by country

7.3.5.1.UK

7.3.5.1.1.Market size and forecast, by product type
7.3.5.1.2.Market size and forecast, by operating mode
7.3.5.1.3.Market size and forecast, by end user

7.3.5.2.Germany

7.3.5.2.1.Market size and forecast, by product type
7.3.5.2.2.Market size and forecast, by operating mode
7.3.5.2.3.Market size and forecast, by end user

7.3.5.3.France

7.3.5.3.1.Market size and forecast, by product type
7.3.5.3.2.Market size and forecast, by operating mode
7.3.5.3.3.Market size and forecast, by end user

7.3.5.4.Russia

7.3.5.4.1.Market size and forecast, by product type
7.3.5.4.2.Market size and forecast, by operating mode
7.3.5.4.3.Market size and forecast, by end user

7.3.5.5.Rest of Europe

7.3.5.5.1.Market size and forecast, by product type
7.3.5.5.2.Market size and forecast, by operating mode
7.3.5.5.3.Market size and forecast, by end user

7.4.ASIA-PACIFIC

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by product type
7.4.3.Market size and forecast, by operating mode
7.4.4.Market size and forecast, by End user
7.4.5.Market analysis, by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by product type
7.4.5.1.2.Market size and forecast, by operating mode
7.4.5.1.3.Market size and forecast, by end user

7.4.5.2.India

7.4.5.2.1.Market size and forecast, by product type
7.4.5.2.2.Market size and forecast, by operating mode
7.4.5.2.3.Market size and forecast, by end user

7.4.5.3.Japan

7.4.5.3.1.Market size and forecast, by product type
7.4.5.3.2.Market size and forecast, by operating mode
7.4.5.3.3.Market size and forecast, by end user

7.4.5.4.Australia

7.4.5.4.1.Market size and forecast, by product type
7.4.5.4.2.Market size and forecast, by operating mode
7.4.5.4.3.Market size and forecast, by end user

7.4.5.5.Rest of Asia-Pacific

7.4.5.5.1.Market size and forecast, by product type
7.4.5.5.2.Market size and forecast, by operating mode
7.4.5.5.3.Market size and forecast, by end user

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by product type
7.5.3.Market size and forecast, by operating mode
7.5.4.Market size and forecast, by End user
7.5.5.Market analysis, by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by product type
7.5.5.1.2.Market size and forecast, by operating mode
7.5.5.1.3.Market size and forecast, by end user

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by product type
7.5.5.2.2.Market size and forecast, by operating mode
7.5.5.2.3.Market size and forecast, by end user

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by product type
7.5.5.3.2.Market size and forecast, by operating mode
7.5.5.3.3.Market size and forecast, by end user

CHAPTER 8:COMPETITIVE LANDSCAPE

8.1.KEY PLAYER POSITIONING ANALYSIS, 2019
8.2.TOP WINNING STRATEGIES
8.3.COMPETITIVE DASHBOARD
8.4.KEY DEVELOPMENTS

8.4.1.New product launches
8.4.2.Collaboration
8.4.3.Acquisition
8.4.4.Partnership

CHAPTER 9:COMPANY PROFILE

9.1.BROADCOM INC.

9.1.1.Company overview
9.1.2.Key executives
9.1.3.Company snapshot
9.1.4.Operating business segments
9.1.5.Product portfolio
9.1.6.R&D expenditure
9.1.7.Business performance
9.1.8.Key strategic moves and developments

9.2.IDENTIVE

9.2.1.Company overview
9.2.2.Key executives
9.2.3.Company snapshot
9.2.4.Product portfolio
9.2.5.R&D expenditure
9.2.6.Business performance
9.2.7.Key strategic moves and developments

9.3.INFINEON TECHNOLOGIES

9.3.1.Company overview
9.3.2.Key executive
9.3.3.Company snapshot
9.3.4.Operating business segments
9.3.5.Product portfolio
9.3.6.R&D expenditure
9.3.7.Business performance
9.3.8.Key strategic moves and developments

9.4.MAGTEK

9.4.1.Company overview
9.4.2.Key executive
9.4.3.Company snapshot
9.4.4.Product portfolio
9.4.5.Key strategic moves and developments

9.5.NXP SEMICONDUCTORS

9.5.1.Company overview
9.5.2.Key executive
9.5.3.Company snapshot
9.5.4.Operating business segments
9.5.5.Product portfolio
9.5.6.R&D expenditure
9.5.7.Business performance
9.5.8.Key strategic moves and developments

9.6.QUALCOMM TECHNOLOGIES, INC

9.6.1.Company overview
9.6.2.Key executive
9.6.3.Company snapshot
9.6.4.Product portfolio
9.6.5.R&D expenditure
9.6.6.Business performance
9.6.7.Key strategic moves and developments

9.7.SAMSUNG ELECTRONICS CO. LTD

9.7.1.Company overview
9.7.2.Key executives
9.7.3.Company snapshot
9.7.4.Operating business segments
9.7.5.Product portfolio
9.7.6.R&D expenditure
9.7.7.Business performance
9.7.8.Key strategic moves and developments

9.8.SONY CORPORATION

9.8.1.Company overview
9.8.2.Key executives
9.8.3.Company snapshot
9.8.4.Operating business segments
9.8.5.Product portfolio
9.8.6.R&D expenditure
9.8.7.Business performance
9.8.8.Key strategic moves and developments

9.9.TEXAS INSTRUMENTS INCORPORATED

9.9.1.Company overview
9.9.2.Company snapshot
9.9.3.Operating business segments
9.9.4.Product portfolio
9.9.5.R&D expenditure
9.9.6.Business performance
9.9.7.Key strategic moves and developments

9.10.THALES GROUP

9.10.1.Company overview
9.10.2.Key Executives
9.10.3.Company snapshot
9.10.4.Product portfolio
9.10.5.Key strategic moves and developments

LIST OF TABLES

TABLE 01.NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 02.NEAR FIELD COMMUNICATION MARKET FOR NFC TAGS, BY REGION, 2019–2028 ($MILLION)
TABLE 03.NEAR FIELD COMMUNICATION MARKET FOR NFC ICS/CHIPS, BY REGION, 2019–2028 ($MILLION)
TABLE 04.NEAR FIELD COMMUNICATION MARKET FOR SIM CARDS, BY REGION, 2019–2028 ($MILLION)
TABLE 05.NEAR FIELD COMMUNICATION MARKET FOR NFC READERS, BY REGION, 2019–2028 ($MILLION)
TABLE 06.NEAR FIELD COMMUNICATION MARKET FOR OTHERS, BY REGION, 2019–2028 ($MILLION)
TABLE 07.NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 08.NEAR FIELD COMMUNICATION MARKET FOR READ/WRITE MODE, BY REGION, 2019–2028 ($MILLION)
TABLE 09.PEER-TO-PEER MODE-BASED NEAR FIELD COMMUNICATION MARKET, BY REGION, 2019–2028 ($MILLION)
TABLE 10.CARD EMULATION MODE-BASED NEAR FIELD COMMUNICATION MARKET, BY REGION, 2019–2028 ($MILLION)
TABLE 11.NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 12.NEAR FIELD COMMUNICATION MARKET FOR RETAIL, BY REGION, 2019–2028 ($MILLION)
TABLE 13.NEAR FIELD COMMUNICATION MARKET FOR TRANSPORTATION, BY REGION, 2019–2028 ($MILLION)
TABLE 14.NEAR FIELD COMMUNICATION MARKET FOR AUTOMOTIVE, BY REGION, 2019–2028 ($MILLION)
TABLE 15.NEAR FIELD COMMUNICATION MARKET FOR RESIDENTIAL AND COMMERCIAL, BY REGION, 2019–2028 ($MILLION)
TABLE 16.NEAR FIELD COMMUNICATION MARKET FOR MEDICAL & HEALTHCARE, BY REGION, 2019–2028 ($MILLION)
TABLE 17.NEAR FIELD COMMUNICATION MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019–2028 ($MILLION)
TABLE 18.NEAR FIELD COMMUNICATION MARKET FOR BANKING & FINANCE, BY REGION, 2019–2028 ($MILLION)
TABLE 19.NEAR FIELD COMMUNICATION MARKET FOR HOSPITALITY, BY REGION, 2019–2028 ($MILLION)
TABLE 20.NEAR FIELD COMMUNICATION MARKET FOR OTHERS, BY REGION, 2019–2028 ($MILLION)
TABLE 21.NEAR FIELD COMMUNICATION MARKET, BY REGION, 2019–2028 ($MILLION)
TABLE 22.NORTH AMERICA NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 23.NORTH AMERICA NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 24.NORTH AMERICA NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 25.NORTH AMERICA NEAR FIELD COMMUNICATION MARKET, BY COUNTRY, 2019–2028 ($MILLION)
TABLE 26.U.S. NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 27.U.S. NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 28.U.S. NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 29.CANADA NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 30.CANADA NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 31.CANADA NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 32.EUROPE NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 33.EUROPE NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 34.EUROPE NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 35.EUROPE NEAR FIELD COMMUNICATION MARKET, BY COUNTRY, 2019–2028 ($MILLION)
TABLE 36.UK NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 37.UK NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 38.UK NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 39.GERMANY NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 40.GERMANY NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 41.GERMANY NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 42.FRANCE NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 43.FRANCE NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 44.FRANCE NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 45.RUSSIA NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 46.RUSSIA NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 47.RUSSIA NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 48.REST OF EUROPE NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 49.REST OF EUROPE NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 50.REST OF EUROPE NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 51.ASIA-PACIFIC NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 52.ASIA-PACIFIC NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 53.ASIA-PACIFIC NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 54.ASIA-PACIFIC NEAR FIELD COMMUNICATION MARKET, BY COUNTRY, 2019–2028 ($MILLION)
TABLE 55.CHINA NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 56.CHINA NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 57.CHINA NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 58.INDIA NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 59.INDIA NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 60.INDIA NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 61.JAPAN NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 62.JAPAN NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 63.JAPAN NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 64.AUSTRALIA NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 65.AUSTRALIA NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 66.AUSTRALIA NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 67.REST OF ASIA-PACIFIC NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 68.REST OF ASIA-PACIFIC NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 69.REST OF ASIA-PACIFIC NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 70.LAMEA NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 71.LAMEA NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 72.LAMEA NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 73.LAMEA NEAR FIELD COMMUNICATION MARKET, BY COUNTRY, 2019–2028 ($MILLION)
TABLE 74.LATIN AMERICA NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 75.LATIN AMERICA NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 76.LATIN AMERICA NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 77.MIDDLE EAST NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 78.MIDDLE EAST NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 79.MIDDLE EAST NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 80.AFRICA NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 81.AFRICA NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
TABLE 82.AFRICA NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
TABLE 83.KEY NEW PRODUCT LAUNCHES (2017-2020)
TABLE 84.COLLABORATION (2017-2020)
TABLE 85.ACQUISTION (2017-2020)
TABLE 86.PARTNERSHIP (2017-2020)
TABLE 87.BROADCOM INC.: KEY EXECUTIVES
TABLE 88.BROADCOM INC.: COMPANY SNAPSHOT
TABLE 89.BROADCOM INC.: OPERATING SEGMENTS
TABLE 90.BROADCOM INC.: PRODUCT PORTFOLIO
TABLE 91.IDENTIVE.: KEY EXECUTIVES
TABLE 92.IDENTIVE: COMPANY SNAPSHOT
TABLE 93.IDENTIVE: PRODUCT PORTFOLIO
TABLE 94.INFINEON TECHNOLOGIES: KEY EXECUTIVE
TABLE 95.INFINEON TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 96.INFINEON TECHNOLOGIES: OPERATING SEGMENTS
TABLE 97.INFINEON TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 98.MAGTEK: KEY EXECUTIVE
TABLE 99.MAGTEK: COMPANY SNAPSHOT
TABLE 100.MAGTEK: PRODUCT PORTFOLIO
TABLE 101.NXP SEMICONDUCTORS: KEY EXECUTIVE
TABLE 102.NXP SEMICONDUCTORS: COMPANY SNAPSHOT
TABLE 103.NXP SEMICONDUCTOR: OPERATING SEGMENTS
TABLE 104.NXP SEMICONDUCTOR: PRODUCT PORTFOLIO
TABLE 105.QUALCOMM TECHNOLOGIES, INC.: KEY EXECUTIVE
TABLE 106.QUALCOMM TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 107.QUALCOMM TECHNOLOGIES, INC.: PRODUCT PORTFOLIO
TABLE 108.QUALCOMM TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 109.SAMSUNG ELECTRONICS CO. LTD.: KEY EXECUTIVES
TABLE 110.SAMSUNG ELECTRONICS CO. LTD.: COMPANY SNAPSHOT
TABLE 111.SAMSUNG ELECTRONICS CO. LTD.: OPERATING SEGMENTS
TABLE 112.SAMSUNG ELECTRONICS CO. LTD.: PRODUCT PORTFOLIO
TABLE 113.SONY CORPORATION: KEY EXECUTIVES
TABLE 114.SONY CORPORATION: COMPANY SNAPSHOT
TABLE 115.SONY CORPORATION: OPERATING SEGMENTS
TABLE 116.SONY CORPORATION: PRODUCT PORTFOLIO
TABLE 117.TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT
TABLE 118.TEXAS INSTRUMENTS INCORPORATED: OPERATING SEGMENTS
TABLE 119.TEXAS INSTRUMENTS INCORPORATED: PRODUCT PORTFOLIO
TABLE 120.THALES GROUP: KEY EXECUTIVES
TABLE 121.THALES GROUP. COMPANY SNAPSHOT
TABLE 122.THALES GROUP: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.NEAR FIELD COMMUNICATION MARKET SNAPSHOT, BY SEGMENT, 2019–2028
FIGURE 03.NEAR FIELD COMMUNICATION MARKET SNAPSHOT, BY COUNTRY, 2019–2028
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07.MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 08.MODERATE THREAT OF SUBSTITUTES
FIGURE 09.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10.HIGH COMPETITIVE RIVALRY
FIGURE 11.MARKET DYNAMICS: GLOBAL NEAR FIELD COMMUNICATION MARKET
FIGURE 12.PATENT ANALYSIS, BY REGION
FIGURE 13.PATENT ANALYSIS, BY APPLICANT
FIGURE 14.NEAR FIELD COMMUNICATION MARKET, BY PRODUCT TYPE, 2019–2028 ($MILLION)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF NEAR FIELD COMMUNICATION MARKET FOR NFC TAGS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF NEAR FIELD COMMUNICATION MARKET FOR NFC ICS/CHIPS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF NEAR FIELD COMMUNICATION MARKET FOR SIM CARDS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF NEAR FIELD COMMUNICATION MARKET FOR NFC READERS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF NEAR FIELD COMMUNICATION MARKET FOR OTHERS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 20.NEAR FIELD COMMUNICATION MARKET, BY OPERATING MODE, 2019–2028 ($MILLION)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF READ/WRITE MODE NEAR FIELD COMMUNICATION MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF PEER-TO-PEER MODE-BASED NEAR FIELD COMMUNICATION MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF CARD EMULATION MODE-BASED NEAR FIELD COMMUNICATION MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 24.NEAR FIELD COMMUNICATION MARKET, BY END USER, 2019–2028 ($MILLION)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF NEAR FIELD COMMUNICATION MARKET FOR RETAIL, BY COUNTRY,  2019 & 2027 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF NEAR FIELD COMMUNICATION MARKET FOR TRANSPORTATION, BY COUNTRY,  2019 & 2027 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF NEAR FIELD COMMUNICATION MARKET FOR AUTOMOTIVE, BY COUNTRY,  2019 & 2027 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF NEAR FIELD COMMUNICATION MARKET FOR RESIDENTIAL AND COMMERCIAL, BY COUNTRY,  2019 & 2027 (%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF NEAR FIELD COMMUNICATION MARKET FOR MEDICAL & HEALTHCARE, BY COUNTRY,  2019 & 2027 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF NEAR FIELD COMMUNICATION MARKET FOR CONSUMER ELECTRONICS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 31.COMPARATIVE SHARE ANALYSIS OF NEAR FIELD COMMUNICATION MARKET FOR BANKING & FINANCE, BY COUNTRY,  2019 & 2027 (%)
FIGURE 32.COMPARATIVE SHARE ANALYSIS OF NEAR FIELD COMMUNICATION MARKET FOR HOSPITALITY, BY COUNTRY,  2019 & 2027 (%)
FIGURE 33.COMPARATIVE SHARE ANALYSIS OF NEAR FIELD COMMUNICATION MARKET FOR OTHERS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 34.U.S. NEAR FIELD COMMUNICATION MARKET, 2019–2028 ($MILLION)
FIGURE 35.CANADA NEAR FIELD COMMUNICATION MARKET, 2019–2028 ($MILLION)
FIGURE 36.UK NEAR FIELD COMMUNICATION MARKET, 2019–2028 ($MILLION)
FIGURE 37.GERMANY NEAR FIELD COMMUNICATION MARKET, 2019–2028 ($MILLION)
FIGURE 38.FRANCE NEAR FIELD COMMUNICATION MARKET, 2019–2028 ($MILLION)
FIGURE 39.RUSSIA NEAR FIELD COMMUNICATION MARKET, 2019–2028 ($MILLION)
FIGURE 40.REST OF EUROPE NEAR FIELD COMMUNICATION MARKET, 2019–2028 ($MILLION)
FIGURE 41.CHINA NEAR FIELD COMMUNICATION MARKET, 2019–2028 ($MILLION)
FIGURE 42.INDIA NEAR FIELD COMMUNICATION MARKET, 2019–2028 ($MILLION)
FIGURE 43.JAPAN NEAR FIELD COMMUNICATION MARKET, 2019–2028 ($MILLION)
FIGURE 44.AUSTRALIA NEAR FIELD COMMUNICATION MARKET, 2019–2028 ($MILLION)
FIGURE 45.REST OF ASIA-PACIFIC NEAR FIELD COMMUNICATION MARKET, 2019–2028 ($MILLION)
FIGURE 46.LATIN AMERICA NEAR FIELD COMMUNICATION MARKET, 2019–2028 ($MILLION)
FIGURE 47.MIDDLE EAST NEAR FIELD COMMUNICATION MARKET, 2019–2028 ($MILLION)
FIGURE 48.AFRICA NEAR FIELD COMMUNICATION MARKET, 2019–2028 ($MILLION)
FIGURE 49.KEY PLAYER POSITIONING ANALYSIS: GLOBAL NEAR FIELD COMMUNICATION MARKET
FIGURE 50.TOP WINNING STRATEGIES, BY YEAR, 2017-2021
FIGURE 51.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2021
FIGURE 52.TOP WINNING STRATEGIES, BY COMPANY, 2017-2021
FIGURE 53.COMPETITIVE DASHBOARD
FIGURE 54.COMPETITIVE DASHBOARD
FIGURE 55.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 56.R&D EXPENDITURE, 2018-2020 ($MILLION)
FIGURE 57.BROADCOM INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 58.BROADCOM INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 59.BROADCOM INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 60.R&D EXPENDITURE, 2017-2019 ($MILLION)
FIGURE 61.IDENTIVE: REVENUE, 2017–2019 ($MILLION)
FIGURE 62.IDENTIVE: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 63.R&D EXPENDITURE, 2017-2019 ($MILLION)
FIGURE 64.INFINEON TECHNOLOGIES: REVENUE, 2017–2019 ($MILLION)
FIGURE 65.INFINEON TECHNOLOGIES: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 66.INFINEON TECHNOLOGIES: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 67.R&D EXPENDITURE, 2017-2019 ($MILLION)
FIGURE 68.NXP SEMICONDUCTOR: REVENUE, 2017–2019 ($MILLION)
FIGURE 69.NXP SEMICONDUCTOR: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 70.NXP SEMICONDUCTOR: REVENUE SHARE, BY REGION, 2018 (%)
FIGURE 71.R&D EXPENDITURE, 2018-2020 ($MILLION)
FIGURE 72.QUALCOMM TECHNOLOGIES, INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 73.QUALCOMM TECHNOLOGIES, INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 74.R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 75.SAMSUNG ELECTRONICS CO. LTD.: 2017–2019 ($MILLION)
FIGURE 76.SAMSUNG ELECTRONICS CO. LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 77.SAMSUNG ELECTRONICS CO. LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 78.R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 79.SONY CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 80.SONY CORPORATION: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 81.SONY CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 82.R&D EXPENDITURE, 2018-2020 ($MILLION)
FIGURE 83.TEXAS INSTRUMENTS INCORPORATED: REVENUE, 2017–2019 ($MILLION)
FIGURE 84.TEXAS INSTRUMENTS INCORPORATED: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 85.TEXAS INSTRUMENTS INCORPORATED: REVENUE SHARE, BY REGION, 2019 (%)

 
 

According to the CXOs of leading companies, NFC-enabled contactless/wireless communication allows a user to establish a wireless connection between smartphone and other NFC-enabled devices to send information. This technology generally maintains interoperability between different wireless communication devices such as Bluetooth and other NFC standards including FeliCa. Some of the major benefits provided by NFC technology is fast performance and information security. This technology is more popular in parts of North America and Europe. This technology is also used by businesses; for instance, it makes communication convenient and improves customer satisfaction through contactless payment & information systems. Continuous technological advancements and increase in use of contactless payment facilities boost the market growth in the developing and emerging economies. 

Although NFC is widely being used in payment systems and for data transfer, it has evolved dramatically over the years along with the proliferation of smartphones. With over 3.4 billion active smartphones across the globe, smartphone penetration is at an all-time high. In recent times, consumers are actively using their smartphones to enable easier and faster payments. NFC provides convenient mode of payments since it merges a consumer’s mobile device with his/her wallet thereby enabling a user to make mobile transactions, easily exchange digital content and to connect their device with other devices with just a touch. Therefore, the NFC technology market is anticipated to experience growth owing to rise in demand for smartphones.

Moreover, the COVID-19 pandemic has significantly increased the growth rate of the near field communication market owing to rise in demand for contactless solutions. During the pandemic, businesses faced various challenges such as fluctuating supply chains, shifting business hours, and protecting their employees while ensuring that the public health is a priority. Therefore, contactless technologies such as NFC tags are on the rise.

The CXOs further added that the near field communication market is competitive and comprises number of regional and global vendors competing based on factors such as cost of solutions, reliability, and support services. The growth of the market is impacted by rapid advances in the NFC offerings, whereas the vendor performance is impacted by COVID-19 conditions and industry development. Vendors operating in the market are offering advanced NFC products and services to improve the customer experiences owing to the competition in the market. This drives the growth of the market. In addition, the key players in the market are actively introducing innovative NFC-enabled products to enhance their market presence. For instance, in September 2020, Samsung Electronics launched the new Galaxy Tab Active3. The tab supports NFC with EMV Level 1 for payment.
 

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