Allied Market Research

2024

Near Field Communication Systems Market

Near Field Communication Systems Market Size, Share, Competitive Landscape and Trend Analysis Report by Product (Principle products, Auxiliary products) and by Application (Data sharing, Payment making, Tag applications, Banking operations, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Vineet Kumar
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Near field communication system is an addition to short range wireless communication technology following the advent of Bluetooth and WIFI. NFC differentiates itself from Bluetooth and Wi-Fi by operating on the principle of electromagnetic radio field as compared to the feature of RFID. It facilitates the direct data exchange between two NFC enabled devices such as smartphones eliminating the stepwise procedure required to set up the connection. It also facilitates data transmission between an active (powered) device such as smartphone and passive (unpowered) devices such smart credit card with an NFC tag. NFC works in a very close proximity of about 10 cm, thereby providing a high degree of secured connection required in crowded locations. NFC systems finds a large number of applications in data sharing, payment making, tag applications, banking operations, healthcare and others.

The market for NFC is expected to indicate rapid growth in future with the increasing adoption of mobile commerce and NFC standards at a global level. Potential scope for a large number of applications such as data sharing, payment making, tag applications, banking operations and others will drive the NFC systems market. In its nascent stage, the market may find the lack of presence for auxiliary equipment required for Near Field Communication which may slow down the growth of NFC systems market. The report includes critical examination of key factors influencing the market with an analysis of market drivers and restraints.

North America and Europe are the leading regions for the NFC systems market owing to the rapid technological evolution in countries such as U.S., Canada, Mexico, U.K, Germany and others. The report showcases the scope and opportunities for the NFC systems market at a global level covering various market segments based on products, applications and geography.

KEY BENEFITS

  • The study features extensive research of the NFC systems market and illustrates the current and future orientation of its market position
  • The report provides a current market scenario with a forecast¬†considering 2013 as the base year
  • A detailed analysis of market segments measures the potential of market. These segments outline the favourable conditions for growth of the NFC systems market
  • The report covers an in-depth analysis of the key factors influencing the NFC systems market¬†
  • Porters Five Forces model is used to analyse the potency of buyers & suppliers, and highlight the competitive structure of the market, to enable the market players in developing effective strategies
  • Industry Value chain analysis highlights the key intermediaries involved and elaborates their roles and value addition at every stage in the chain

Near Field Communication Systems Market Report Highlights

Aspects Details
Near Field Communication Systems Market By Product
By Product
  • Principle products
    • NFC Tags
    • NFC Readers
    • NFC IC/chips
  • Auxiliary products
Near Field Communication Systems Market By Application
By Application
  • Data sharing
  • Payment making
  • Tag applications
  • Banking operations
  • Others
Near Field Communication Systems Market By Region
By Region
  • North America  (U.S., Canada)
  • Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players
Key Market Players

Samsung Electronics Corporation, MediaTek, STMicroelectronics NV, Renesas Electronics Corporation, Broadcom, Gemalto, Inside Secure, Texas Instruments, NXP Semiconductors, Infineon Technologies

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Near Field Communication Systems Market

Global Opportunity Analysis and Industry Forecast, 2023-2032