Near Field Communication (NFC) Market: Report Analysis, Share, Market Size, Revenue, Growth Rate With Forecast Overview 2022-2031

NFC – Near Field Communication Market is based on wireless interface which enables all communication devices and electronic gadgets to get connected with each other by establishing radio connectivity under proximity. This technology is mainly used for smartphones, laptops and tablets for Short range of data exchange. The near field communication market is expected to grow at a very fast space in the forecast period.

How Big is The Near Field communication Market?

The near field communication (NFC) market is expected to reach US$ 25.50 Billion by 2025, at a CAGR of 17.1% between 2019 and 2025.

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The major driving factors of Near Field communication Market are as follows:

• Convenient transfer and security of data

• Increasing penetration of smartphones

• Contact-less payments

The restraining factors of Near Field communication Market are as follows:
• High costs of installations
• Security concerns

The Near Field communication Market is segmented based on Product type as Non Auxillary Products as – NFC Tags, NFC Readers, NFC Chips; Auxillary Products as – NFC enabled mobile sim, others (NFC cover). The Near Field communication Market is segmented based on Devices as smartphones & tablets, PCs & Laptops, Others (Infotainment and Stereo Headphone). The Near Field communication market is segmented based on application as Mobile/ Contactless payment, Information sharing, user authentication & access control, Monitoring Healthcare systems & others.

The Near Field Communication Market geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

This report provides:

1) An overview of the global Near Field communication Market and related technologies.
2) Analyses of global market trends and projections of compound annual growth rates (CAGRs) through 2025.
3) Identifications of new market opportunities and targeted promotional plans for Near Field Communication Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.

REPORT SCOPE:

The scope of the report includes a detailed study of global and regional markets for various types of Near Field communication Market with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include NXP Semiconductors (Netherland), Broadcom Corporation (U.S.), STMicroelectronics NV (Switzerland), MediaTek, Inc. (Taiwan), Renesas Electronics Corporation (Japan), Gemalto NV (Netherlands), and Texas Instruments (U.S.)are provided in the report. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

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The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

The Market Segmentation of Near Field communication is as follows:

By Product Type

Non-auxiliary products

NFC Tags
NFC Readers
NFC Chip

Auxiliary products

NFC enabled Mobile sim
Others (NFC cover)

By Devices:

Smartphone & Tablets
PCs & Laptops
Others (Infotainment and Stereo Headphone)

MARKET BY APPLICATION

Mobile/Contactless Payment
Information Sharing
User Authentication & Access Control
Monitoring Healthcare system
Others

Reasons to buy this Report:

1) Obtain the most up to date information available on all active and planned Near Field Communication Market globally.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of Near field communication market and unit capacity data.
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