Quick Summary:
Delve into the burgeoning global landscape for Near Field Communication (NFC) Systems, a market predicted to catapult from US$ 30.1 Billion in 2022 to an impressive US$ 83.8 Billion by 2030. Comprehensively dissecting this rapid expansion, our report incorporates an intensive analysis of industry trends, forecast data, and competitive landscapes that business leaders need to remain ahead in an increasingly digital age. Understanding these market shifts can unlock significant opportunities for proactive businesses.
The NFC Systems market is witnessing strong growth in the United States and China, predicted to hold substantial market size by 2030. Moreover, the impressive development trends in nations like Canada, Japan, and Germany signal a thriving global push towards embracing NFC Systems. This report encompasses these vital geographical elements, providing much-needed international context for your strategic planning.
Highlighting dominant players like Broadcom Ltd., INSIDE Secure, and NXP Semiconductors NV, this report offers an in-depth look at the competitive dynamics shaping the NFC Systems market. Armed with this crucial information, enhance your competitive advantage and solidify your space in this fast-evolving industry. Also, avail of online interactive bespoke updates, access to digital archives, and complimentary updates for one year.
Global Near Field Communication (NFC) Systems Market to Reach $83.8 Billion by 2030
The global market for Near Field Communication (NFC) Systems estimated at US$30.1 Billion in the year 2022, is projected to reach a revised size of US$83.8 Billion by 2030, growing at a CAGR of 13.7% over the analysis period 2022-2030. Hardware, one of the segments analyzed in the report, is projected to record 13% CAGR and reach US$51 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 14.7% CAGR for the next 8-year period.The U.S. Market is Estimated at $9.1 Billion, While China is Forecast to Grow at 13.2% CAGR
The Near Field Communication (NFC) Systems market in the U.S. is estimated at US$9.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$14.6 Billion by the year 2030 trailing a CAGR of 13.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.1% and 11.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.9% CAGR.Select Competitors (Total 46 Featured) -
- Broadcom Ltd.
- INSIDE Secure
- MediaTek, Inc.
- NXP Semiconductors NV
- Qualcomm, Inc.
- Renesas Electronics Corporation
- SanDisk Corporation
- Smartrac NV
- Sony Corporation
- STMicroelectronics NV
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Near Field Communication (NFC) Systems?
What is the growth rate of the Global Market for Near Field Communication (NFC) Systems?
What is the forecasted size of the Global Market for Near Field Communication (NFC) Systems?
Who are the key companies in the Global Market for Near Field Communication (NFC) Systems?
Report Attribute | Details |
---|---|
No. of Pages | 246 |
Published | December 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 30.1 Billion |
Forecasted Market Value ( USD | $ 83.8 Billion |
Compound Annual Growth Rate | 13.7% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Broadcom Ltd.
- INSIDE Secure
- MediaTek, Inc.
- NXP Semiconductors NV
- Qualcomm, Inc.
- Renesas Electronics Corporation
- SanDisk Corporation
- Smartrac NV
- Sony Corporation
- STMicroelectronics NV