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NFC Payment Devices Market by Device Type and Application: Global Opportunity Analysis and Industry Forecast, 2021-2028

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    Report

  • 205 Pages
  • May 2021
  • Region: Global
  • Allied Market Research
  • ID: 5394281
NFC payments devices use near-field communication (NFC) technology to exchange data between payment device and readers. NFC payment devices provides high security features for transferring payment from one account to another, which increases the demand for NFC payments devices among its users. Furthermore, NFC payment devices delivers numerous benefits to customers, which include convenient payment processing with the use of wallet or credit card, delivering real-time updates on rewards points, and increasing security to user’s financial details.

Increase in shift from traditional payment system to digital system across the developing nations and increasing trend of mobile commerce across the globe boost the growth of the global NFC payment devices market. In addition, the surge in penetration of contactless payment system at various retail stores, petrol pump stations, and restaurants positively impacts the growth of the market. However, factor such as battery drain issues and high risk of stolen or lost wearables is expected to hamper the market growth. On the contrary, rise in demand for mobile and wearable payments devices is expected to offer remunerative opportunities for the expansion of the market during the forecast period.

The global NFC payment devices market is segmented into device type, application, and region. In terms of device type, the market is divided into smart watches, fitness trackers, payment wristbands, smart rings and others. Depending on application, it is fragmented into grocery stores, bars & restaurants, drug stores, entertainment centers and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the NFC payment devices market analysis are Apple, Inc. Fitbit, Inc., Gramin Ltd, Huawei Technologies Co., Ltd., Jakcom Technology Co. Inc., McLear Ltd., Nymi, Inc., Samsung Electronics Co. Ltd., Sony Corporation, and Xiaomi Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the NFC payment devices industry.

Key Benefits for Stakeholders

  • The study provides an in-depth analysis of the global NFC payment devices market forecast along with the current trends and future estimations to explain the imminent investment pockets.
  • Information about key drivers, restraints, & opportunities and their impact analysis on the global market is provided in the report.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The quantitative analysis of the market from 2020 to 2027 is provided to determine the market potential.

Key Market Segments


By Device Type

  • Smart Watches
  • Fitness Trackers
  • Payment Wristbands
  • Smart Rings
  • Others

By Application

  • Grocery Stores
  • Bars & Restaurants
  • Drug Stores
  • Entertainment Centers
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Singapore
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

KEY MARKET PLAYERS

  • Apple, Inc.
  • Fitbit, Inc.
  • Gramin Ltd
  • Huawei Technologies Co., Ltd.
  • Jakcom Technology Co. Inc.
  • McLear Ltd.
  • Nymi, Inc.
  • Samsung Electronics Co. Ltd.
  • Sony Corporation
  • Xiaomi Corporation

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY MARKET SEGMENTS
1.3. KEY BENEFITS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3: MARKET LANDSCAPE
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. PORTER'S FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Threat of new entrants
3.3.3. Threat of substitutes
3.3.4. Competitive rivalry
3.3.5. Bargaining power among buyers
3.4. MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING 2020
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 impact analysis on the NFC payments devices market
3.6.1. Impact on market size
3.6.2. Consumer trends, preferences, and budget impact
3.6.3. Economic impact
3.6.4. Strategies to tackle negative impact
3.6.5. Opportunity window
CHAPTER 4: NFC PAYMENT DEVICES MARKET BY DEVICE TYPE
4.1. OVERVIEW
4.2. SMART WATCHES
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis, by country
4.3. FITNESS TRACKERS
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis, by country
4.4. PAYMENT WRISTBANDS
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis, by country
4.5. SMART RINGS
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share 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 share analysis, by country
CHAPTER 5: NFC PAYMENT DEVICES MARKET BY APPLICATION
5.1. OVERVIEW
5.2. GROCERY STORES
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis, by country
5.3. BARS AND RESTAURANTS
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis, by country
5.4. DRUG STORES
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis, by country
5.5. ENTERTAINMENT CENTERS
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis, by country
5.6. OTHERS
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market share analysis, by country
CHAPTER 6: NFC PAYMENT DEVICES MARKET BY REGION
6.1. OVERVIEW
6.2. NORTH AMERICA
6.2.1. Key market trends and opportunities
6.2.2. Market size and forecast, by device type
6.2.3. Market size and forecast, by application
6.2.4. Market size and forecast, by Country
6.2.5. US
6.2.5.1. Market size and forecast, by device type
6.2.5.2. Market size and forecast, by application
6.2.6. Canada
6.2.6.1. Market size and forecast, by device type
6.2.6.2. Market size and forecast, by application
6.3. EUROPE
6.3.1. Key market trends and opportunities
6.3.2. Market size and forecast, by device type
6.3.3. Market size and forecast, by application
6.3.4. Market size and forecast, by Country
6.3.5. UK
6.3.5.1. Market size and forecast, by device type
6.3.5.2. Market size and forecast, by application
6.3.6. Germany
6.3.6.1. Market size and forecast, by device type
6.3.6.2. Market size and forecast, by application
6.3.7. France
6.3.7.1. Market size and forecast, by device type
6.3.7.2. Market size and forecast, by application
6.3.8. Spain
6.3.8.1. Market size and forecast, by device type
6.3.8.2. Market size and forecast, by application
6.3.9. Russia
6.3.9.1. Market size and forecast, by device type
6.3.9.2. Market size and forecast, by application
6.3.10. Netherlands
6.3.10.1. Market size and forecast, by device type
6.3.10.2. Market size and forecast, by application
6.3.11. Rest of Europe
6.3.11.1. Market size and forecast, by device type
6.3.11.2. Market size and forecast, by application
6.4. ASIA PACIFIC
6.4.1. Key market trends and opportunities
6.4.2. Market size and forecast, by device type
6.4.3. Market size and forecast, by application
6.4.4. Market size and forecast, by Country
6.4.5. China
6.4.5.1. Market size and forecast, by device type
6.4.5.2. Market size and forecast, by application
6.4.6. India
6.4.6.1. Market size and forecast, by device type
6.4.6.2. Market size and forecast, by application
6.4.7. Japan
6.4.7.1. Market size and forecast, by device type
6.4.7.2. Market size and forecast, by application
6.4.8. Australia
6.4.8.1. Market size and forecast, by device type
6.4.8.2. Market size and forecast, by application
6.4.9. Singapore
6.4.9.1. Market size and forecast, by device type
6.4.9.2. Market size and forecast, by application
6.4.10. Rest of Asia Pacific
6.4.10.1. Market size and forecast, by device type
6.4.10.2. Market size and forecast, by application
6.5. LAMEA
6.5.1. Key market trends and opportunities
6.5.2. Market size and forecast, by device type
6.5.3. Market size and forecast, by application
6.5.4. Market size and forecast, by Country
6.5.5. Latin America
6.5.5.1. Market size and forecast, by device type
6.5.5.2. Market size and forecast, by application
6.5.6. Middle East
6.5.6.1. Market size and forecast, by device type
6.5.6.2. Market size and forecast, by application
6.5.7. Africa
6.5.7.1. Market size and forecast, by device type
6.5.7.2. Market size and forecast, by application
CHAPTER 7: COMPANY PROFILES
7.1. APPLE, INC
7.1.1. Company overview
7.1.2. Key Executives
7.1.3. Company snapshot
7.1.4. Operating business segments
7.1.5. Product portfolio
7.1.6. Business performance
7.1.7. Key strategic moves and developments
7.2. FITBIT, INC
7.2.1. Company overview
7.2.2. Key Executives
7.2.3. Company snapshot
7.2.4. Operating business segments
7.2.5. Product portfolio
7.2.6. Business performance
7.2.7. Key strategic moves and developments
7.3. GRAMIN LTD
7.3.1. Company overview
7.3.2. Key Executives
7.3.3. Company snapshot
7.3.4. Operating business segments
7.3.5. Product portfolio
7.3.6. Business performance
7.3.7. Key strategic moves and developments
7.4. HUAWEI TECHNOLOGIES CO, LTD
7.4.1. Company overview
7.4.2. Key Executives
7.4.3. Company snapshot
7.4.4. Operating business segments
7.4.5. Product portfolio
7.4.6. Business performance
7.4.7. Key strategic moves and developments
7.5. JAKCOM TECHNOLOGIES CO, INC
7.5.1. Company overview
7.5.2. Key Executives
7.5.3. Company snapshot
7.5.4. Operating business segments
7.5.5. Product portfolio
7.5.6. Business performance
7.5.7. Key strategic moves and developments
7.6. MCLEAR LTD
7.6.1. Company overview
7.6.2. Key Executives
7.6.3. Company snapshot
7.6.4. Operating business segments
7.6.5. Product portfolio
7.6.6. Business performance
7.6.7. Key strategic moves and developments
7.7. NYMI, INC
7.7.1. Company overview
7.7.2. Key Executives
7.7.3. Company snapshot
7.7.4. Operating business segments
7.7.5. Product portfolio
7.7.6. Business performance
7.7.7. Key strategic moves and developments
7.8. SAMSUNG ELECTRONICS CO. LTD.
7.8.1. Company overview
7.8.2. Key Executives
7.8.3. Company snapshot
7.8.4. Operating business segments
7.8.5. Product portfolio
7.8.6. Business performance
7.8.7. Key strategic moves and developments
7.9. SONY CORPORATION
7.9.1. Company overview
7.9.2. Key Executives
7.9.3. Company snapshot
7.9.4. Operating business segments
7.9.5. Product portfolio
7.9.6. Business performance
7.9.7. Key strategic moves and developments
7.10. XIAOMI CORPORATION
7.10.1. Company overview
7.10.2. Key Executives
7.10.3. Company snapshot
7.10.4. Operating business segments
7.10.5. Product portfolio
7.10.6. Business performance
7.10.7. Key strategic moves and developments
List of Tables
Table 1. Global Nfc Payment Devices Market, by Device Type 2020-2028 ($Million)
Table 2. Nfc Payment Devices Market for Smart Watches, by Region, 2020-2028 ($Million)
Table 3. Nfc Payment Devices Market for Fitness Trackers, by Region, 2020-2028 ($Million)
Table 4. Nfc Payment Devices Market for Payment Wristbands , by Region, 2020-2028 ($Million)
Table 5. Nfc Payment Devices Market for Smart Rings, by Region, 2020-2028 ($Million)
Table 6. Nfc Payment Devices Market for Others, by Region, 2020-2028 ($Million)
Table 7. Global Nfc Payment Devices Market, by Application 2020-2028 ($Million)
Table 8. Nfc Payment Devices Market for Grocery Stores, by Region, 2020-2028 ($Million)
Table 9. Nfc Payment Devices Market for Bars and Restaurants, by Region, 2020-2028 ($Million)
Table 10. Nfc Payment Devices Market for Drug Stores, by Region, 2020-2028 ($Million)
Table 11. Nfc Payment Devices Market for Entertainment Centers, by Region, 2020-2028 ($Million)
Table 12. Nfc Payment Devices Market for Others, by Region, 2020-2028 ($Million)
Table 13. Nfc Payment Devices Market for , by Region, , 2020-2028 ($Million)
Table 14. North America Nfc Payment Devices, by Device Type 2020-2028 ($Million)
Table 15. North America Nfc Payment Devices, by Application 2020-2028 ($Million)
Table 16. North America Nfc Payment Devices, by Region, 2020-2028 ($Million)
Table 17. Europe Nfc Payment Devices, by Device Type 2020-2028 ($Million)
Table 18. Europe Nfc Payment Devices, by Application 2020-2028 ($Million)
Table 19. Europe Nfc Payment Devices, by Region, 2020-2028 ($Million)
Table 20. Asia-Pacific Nfc Payment Devices, by Device Type 2020-2028 ($Million)
Table 21. Asia-Pacific Nfc Payment Devices, by Application 2020-2028 ($Million)
Table 22. Asia-Pacific Nfc Payment Devices, by Region, 2020-2028 ($Million)
Table 23. LAMEA Nfc Payment Devices, by Device Type 2020-2028 ($Million)
Table 24. LAMEA Nfc Payment Devices, by Application 2020-2028 ($Million)
Table 25. LAMEA Nfc Payment Devices, by Region, 2020-2028 ($Million)
Table 26. Apple, Inc: Company Snapshot
Table 27. Apple, Inc: Operating Segments
Table 28. Fitbit, Inc: Company Snapshot
Table 29. Fitbit, Inc: Operating Segments
Table 30. Gramin Ltd: Company Snapshot
Table 31. Gramin Ltd: Operating Segments
Table 32. Huawei Technologies Co, Ltd: Company Snapshot
Table 33. Huawei Technologies Co, Ltd: Operating Segments
Table 34. Jakcom Technologies Co, Inc: Company Snapshot
Table 35. Jakcom Technologies Co, Inc: Operating Segments
Table 36. Mclear Ltd: Company Snapshot
Table 37. Mclear Ltd: Operating Segments
Table 38. Nymi, Inc: Company Snapshot
Table 39. Nymi, Inc: Operating Segments
Table 40. Samsung Electronics Co. Ltd.: Company Snapshot
Table 41. Samsung Electronics Co. Ltd.: Operating Segments
Table 42. Sony Corporation: Company Snapshot
Table 43. Sony Corporation: Operating Segments
Table 44. Xiaomi Corporation: Company Snapshot
Table 45. Xiaomi Corporation: Operating Segments
List of Figures
Figure 1. Global Nfc Payment Devices Market Segmentation
Figure 2. Top Investment Pocket
Figure 3. Top Winning Strategies (%)
Figure 4. Nfc Payment Devices Market for Smart Watches, 2020-2028 ($Million)
Figure 5. Nfc Payment Devices Market for Fitness Trackers, 2020-2028 ($Million)
Figure 6. Nfc Payment Devices Market for Payment Wristbands , 2020-2028 ($Million)
Figure 7. Nfc Payment Devices Market for Smart Rings, 2020-2028 ($Million)
Figure 8. Nfc Payment Devices Market for Others, 2020-2028 ($Million)
Figure 9. Nfc Payment Devices Market for Grocery Stores, 2020-2028 ($Million)
Figure 10. Nfc Payment Devices Market for Bars and Restaurants, 2020-2028 ($Million)
Figure 11. Nfc Payment Devices Market for DrU.S. ores, 2020-2028 ($Million)
Figure 12. Nfc Payment Devices Market for Entertainment Centers, 2020-2028 ($Million)
Figure 13. Nfc Payment Devices Market for Others, 2020-2028 ($Million)
Figure 14. Global Nfc Payment Devices, by Region, 2020 (%)
Figure 15. Us Nfc Payment Devices Market, 2020-2028 ($Million)
Figure 16. Canada Nfc Payment Devices Market, 2020-2028 ($Million)
Figure 17. UK Nfc Payment Devices Market, 2020-2028 ($Million)
Figure 18. Germany Nfc Payment Devices Market, 2020-2028 ($Million)
Figure 19. France Nfc Payment Devices Market, 2020-2028 ($Million)
Figure 20. Spain Nfc Payment Devices Market, 2020-2028 ($Million)
Figure 21. Russia Nfc Payment Devices Market, 2020-2028 ($Million)
Figure 22. Netherlands Nfc Payment Devices Market, 2020-2028 ($Million)
Figure 23. Rest of Europe Nfc Payment Devices Market, 2020-2028 ($Million)
Figure 24. China Nfc Payment Devices Market, 2020-2028 ($Million)
Figure 25. India Nfc Payment Devices Market, 2020-2028 ($Million)
Figure 26. Japan Nfc Payment Devices Market, 2020-2028 ($Million)
Figure 27. Australia Nfc Payment Devices Market, 2020-2028 ($Million)
Figure 28. Singapore Nfc Payment Devices Market, 2020-2028 ($Million)
Figure 29. Rest of Asia-Pacific Nfc Payment Devices Market, 2020-2028 ($Million)
Figure 30. Latin America Nfc Payment Devices Market, 2020-2028 ($Million)
Figure 31. Middle East Nfc Payment Devices Market, 2020-2028 ($Million)
Figure 32. Africa Nfc Payment Devices Market, 2020-2028 ($Million)

Companies Mentioned

  • Apple Inc.
  • Fitbit Inc.
  • Gramin Ltd
  • Huawei Technologies Co. Ltd.
  • Jakcom Technology Co. Inc.
  • McLear Ltd.
  • Nymi Inc.
  • Samsung Electronics Co. Ltd.
  • Sony Corporation
  • Xiaomi Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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