Near Field Communication Market Size: Key Player and Analysis Report, In-Depth Study, Future Growth, Share, New Investments

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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 global Near Field Communication Market report published by Emergen Research assesses the Near Field Communication market with regards to market size, market share, revenue growth, key segments, and regional bifurcation. The global Near Field Communication market is highly fragmented with numerous players operating on a global and regional level. The companies are engaged in mergers and acquisitions, joint ventures, and collaborations along with product advancements and R&D activities to cater to the growing global demand and gain a robust footing in the market.

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Near Field Communication market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

NXP Semiconductors, Broadcom, Qualcomm Technologies, Inc., Texas Instruments Incorporated, STMicroelectronics, Samsung, Renesas Electronics Corporation, Intel Corporation, Toshiba Corporation, and ams-OSRAM AG

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Emergen Research has segmented the global Near Field Communication market on the basis of type, application, end-use, and region:

Segments Covered in this report are:

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
The various regions analyzed in the report include:

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)
Key Objectives of the Report:

Analysis and estimation of the Near Field Communication Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Near Field Communication Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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