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Global NFC Market, By Device Operating Mode, By Product, By Application, By Region; Trend Analysis, Competitive Market Share & Forecast, 2020-2026

  • ID: 5271501
  • Report
  • January 2020
  • Region: Global
  • 110 pages
  • Blueweave Consulting & Research Pvt Ltd

FEATURED COMPANIES

  • ams (Austria)
  • Flomio (US)
  • HID Global (US)
  • Inside Secure (France)
  • Qualcomm (US)
  • Texas Instruments (US)
  • MORE
NFC Market is Expected to Reach USD 39.8 Billion by 2027

According to Blue Weave Consulting, the global NFC market is estimated to have reached USD 17.5 billion in 2020 and is further projected to reach USD 39.8 billion by 2027, growing at a CAGR of 12.4% during the forecast period. The factors which are driving the growth of the NFC market are the increasing deployment of NFC in the booming smartphones and smart camera market, increase in contactless payments, improved user experience, and reduction in size and cost of semiconductor chips. NFC technology is anticipated to be used in a host of applications in the future due to the increasing demand for online and in-store payments in a retail store, increasing demand for connectivity between devices for information and data sharing.

Emerging trend of cashless transactions worldwide

The growing trend of cashless transactions worldwide is the key driver for the growth of the global NFC market. There is a rise in demand for multi-tasking devices globally, hence, consumer electronics enterprises are involved in integrating NFC technology in their tablets and mobile phones to provide a single solution to the consumers. Also, the global NFC market is bolstering due to the increase in the adoption of NFC technology in tablets, smartphones, and other similar devices. The global NFC market is highly driven by the increasing penetration of smartphone users for making secure online transactions and contactless payments facility. The rise in mobile internet users also contributes to the global NFC market growth.

Innovative patient monitoring to drive the growth

There are numerous advantages of patient observing through NFC, which incorporates Ideal Technology for medication for understanding checking, for example, keen sensor, which estimates the physical state of patients, and in this manner, transmits the information to close by checking gadgets, versatile systems, and clinical experts for observing and assessment. Answer for quiet checking can be standard or modified to get customized treatment and secure clinical information, consequently, numerous organizations are planning to redo NFCs for patients. Secure physical access is given by NFC labels to following patient information. Home observation by NFC-empowered gadgets is by and large progressively utilized, and therefore, clinical information can be transmitted to the doctor. This is the major factor that drives the growth of the global near field communication technology market from 2019 to 2027.

NFC tags and NFC readers occupy the major share of the global NFC market

NFC tags and NFC readers are expected to gain prominence over the coming years, which can be attributed to the high demand originating from payments and access control segments. The technology of combining the SD card with the near field communication technology has resulted in less cost infrastructure for the manufacturers, leading to enhanced demand in the industry. The near field communication cover is considered as an accessory for converting smartphones into NFC-enabled smartphones. The technology is yet to be deployed in emerging regions and has penetrated in developed countries such as the U.S., Canada, and the UK. The flexibility of the product for converting the devices to NFC-enabled is expected to lead the growth.

Global NFC market: Regional insights

The Asia Pacific NFC-based market is expected to remain the key revenue-generating region during the forecast period. The increasing penetration of smartphones and tablets is estimated to be the reason behind the adoption of NFC technology. The rapid diversification of mobile payment services has accelerated collaboration amongst the industry participants resulting in the development of the technology. The international banks have been enthusiastically investing in building the mobile payment network which is further expected to increase the application segment collaborating the financial service provider and retailers.

The leading players” in the global NFC market include NXP Semiconductors (The Netherlands), Qualcomm (US), Texas Instruments (US), STMicroelectronics (Switzerland), Thales Group (Sweden), Infineon Technologies (Germany), Sony (Japan), ams (Austria), Flomio (US), HID Global (US), MagTek (US), Avery Dennison (US), Identiv Group Inc (U.S), Broadcom Limited (A subsidiary of Avago Technologies) (U.S), Gemalto NV (Netherlands), Inside Secure (France) & other prominent players. The industry players are constantly introducing improved and advanced near field communication-enabled devices to increase the customer base and to expand the product offerings.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of global NFC market size & forecast. The report promises to provide recent technology trends of the NFC market and industry insights that help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ams (Austria)
  • Flomio (US)
  • HID Global (US)
  • Inside Secure (France)
  • Qualcomm (US)
  • Texas Instruments (US)
  • MORE
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation

3. Executive Summary

4. Global NFC Market Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Recent Development
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Intensity of Rivalry
4.4. Impact of Covid-19 on NFC Industry

5. Global NFC Market Overview
5.1. Market Size & Forecast by Value, 2017-2027
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Device operating mode
5.2.1.1. Reader Emulation
5.2.1.2. Peer-To-Peer
5.2.1.3. Card Emulation
5.2.2. By Product
5.2.2.1. SD Cards
5.2.2.2. SIM Cards
5.2.2.3. NFC Cover
5.2.2.4. NFC ICs
5.2.2.5. NFC Tags
5.2.2.6. NFC Readers
5.2.3. By Application
5.2.3.1. Access Control
5.2.3.2. Ticketing
5.2.3.3. Data Sharing
5.2.3.4. Medical Devices
5.2.3.5. Transaction
5.2.3.6. Product Identification
5.2.3.7. Others
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. Latin America
5.2.4.5. Middle East & Africa

6. North America NFC Market
6.1. Market Size & Forecast by Value, 2017-2027
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Device operating mode
6.2.2. By Product
6.2.3. By Application
6.2.4. By Country
6.2.4.1. United States
6.2.4.2. Canada

7. Europe NFC Market
7.1. Market Size & Forecast by Value, 2017-2027
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Device operating mode
7.2.2. By Product
7.2.3. By Application
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. Italy
7.2.4.3. France
7.2.4.4. United Kingdom
7.2.4.5. Spain
7.2.4.6. Rest of Europe

8. Asia Pacific NFC Market
8.1. Market Size & Forecast by Value, 2017-2027
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Device operating mode
8.2.2. By Product
8.2.3. By Application
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. South Korea
8.2.4.5. Rest of Asia Pacific

9. Latin America NFC Market
9.1. Market Size & Forecast by Value, 2017-2027
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Device operating mode
9.2.2. By Product
9.2.3. By Application
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Mexico
9.2.4.3. Rest of Latin America

10. Middle East & Africa NFC Market
10.1. Market Size & Forecast by Value, 2017-2027
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Device operating mode
10.2.2. By Product
10.2.3. By Application
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Rest of Middle East & Africa

11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market/Ranking Share Analysis
11.3. Competitive Benchmarking, By Operating Parameters

12. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
12.1. NXP Semiconductors
12.2. Broadcom
12.3. Qualcomm
12.4. Texas Instruments
12.5. STMicroelectronics
12.6. Thales Group
12.7. Infineon Technologies
12.8. Sony
12.9. ams
12.10. Flomio
12.11. Identive
12.12. HID Global
12.13. MagTek
12.14. Avery Dennison
12.15. Gemalto NV
12.16. Inside Secure
12.17. Other prominent players
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • NXP Semiconductors (The Netherlands)
  • Qualcomm (US)
  • Texas Instruments (US)
  • STMicroelectronics (Switzerland)
  • Thales Group (Sweden)
  • Infineon Technologies (Germany)
  • Sony (Japan)
  • ams (Austria)
  • Flomio (US)
  • HID Global (US)
  • MagTek (US)
  • Avery Dennison (US)
  • Identiv Group Inc (U.S)
  • Broadcom Limited (A subsidiary of Avago Technologies) (U.S)
  • Gemalto NV (Netherlands)
  • Inside Secure (France)
Note: Product cover images may vary from those shown

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