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Near-Field Communication (NFC) is a contact-less communication technology based on a radio frequency (RF) field using a base frequency of 13.56 MHz. NFC is based on radio-frequency identification.
Market Dynamics
Launch of solutions that support NFC is expected to propel growth of the global near-field communication market over the forecast period. For instance, in July 2019, GET Group North America, a developer of mobile ID technology, announced that its GET Mobile ID Digital Identity Solution for iOS can support NFC for identity transactions at Point of Sale (POS), airports, and even kiosks. Moreover, increasing adoption of Electronic Identity Cards equipped with NFC technology is also expected to aid in growth of the market. For instance, in June 2021, government of Punjab, India, initiated the usage of Electronic Identity Cards equipped with NFC technology.
Increasing adoption of NFC ticketing services is expected to offer lucrative growth opportunities for players in the near-field communication market. For instance, in August 2021, Strasbourg, a City in France, launched Android-compatible NFC ticketing service. The NFC ticketing service works for riders of buses, trams, and other forms of public transportation in Strasbourg, France, including regional rail services. Moreover, launch of NFC payment solutions is also expected to aid in growth of the market. For instance, in March 2021, Paytm, a digital payments company, launched smartphone-based NFC payments for merchants.
Major players in the near-field communication market are focused on adopting M&A strategies to expand their product portfolio. For instance, in December 2019, NXP Semiconductors N.V. acquired the wireless connectivity assets from Marvell Technology Group, a semiconductor company.
Key Takeaways
- Increasing adoption of smartphones is expected to propel growth of the global near-field communication market over the forecast period. For instance, according to Pew Research Center, as of February 2019, 81% of U.S. adults used smartphones compared to 77% in October 2018.
- Major players in the global near-field communication market are focused on adopting partnership and collaboration strategies to enhance their market share. For instance, in February 2019, Broadcom Inc. announced that Barclays signed a strategic agreement as a Portfolio License Agreement (PLA) customer to help support a multi-year, cross-organizational initiative to streamline its IT operations, while reducing complexity and cost.
- Major players operating in the global near-field communication market include, NXP Semiconductors, Sony Corporation, Broadcom, STMicroelectronics, MediaTek, Renesas Electronics, Gemalto, Inside Secure, Samsung Electronics, and Texas Instruments
This report studies the global Near Field Communication (NFC) market, analyzes and researches the Near Field Communication (NFC) development status and forecast in United States, EU, Japan, China, India and Southeast Asia.
Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia
Market segment by Type, Near Field Communication (NFC) can be split into
Card Emulation
P2P Mode
Market segment by Application, Near Field Communication (NFC) can be split into
Transportation
Automotive
Medical & Healthcare
Banking & Finance
Other
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Table of Contents
Global Near Field Communication (NFC) Market Size, Status and Forecast 2024
1 Industry Overview of Near Field Communication (NFC)
1.1 Near Field Communication (NFC) Market Overview
1.1.1 Near Field Communication (NFC) Product Scope
1.1.2 Market Status and Outlook
1.2 Global Near Field Communication (NFC) Market Size and Analysis by Regions
1.2.1 United States
1.2.2 EU
1.2.3 Japan
1.2.4 China
1.2.5 India
1.2.6 Southeast Asia
1.3 Near Field Communication (NFC) Market by Type
1.3.1 Card Emulation
1.3.2 P2P Mode
1.4 Near Field Communication (NFC) Market by End Users/Application
1.4.1 Transportation
1.4.2 Automotive
1.4.3 Medical & Healthcare
1.4.4 Banking & Finance
1.4.5 Other
2 Global Near Field Communication (NFC) Competition Analysis by Players
2.1 Near Field Communication (NFC) Market Size (Value) by Players (2016 and 2019)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future
3 Company (Top Players) Profiles
3.1 NXP Semiconductors
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Near Field Communication (NFC) Revenue (Value) (2014-2019)
3.1.5 Recent Developments
3.2 Sony
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Near Field Communication (NFC) Revenue (Value) (2014-2019)
3.2.5 Recent Developments
3.3 Broadcom
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Near Field Communication (NFC) Revenue (Value) (2014-2019)
3.3.5 Recent Developments
3.4 STMicroelectronics
3.4.1 Company Profile
3.4.2 Main Business/Business Overview
3.4.3 Products, Services and Solutions
3.4.4 Near Field Communication (NFC) Revenue (Value) (2014-2019)
3.4.5 Recent Developments
3.5 MediaTek
3.5.1 Company Profile
3.5.2 Main Business/Business Overview
3.5.3 Products, Services and Solutions
3.5.4 Near Field Communication (NFC) Revenue (Value) (2014-2019)
3.5.5 Recent Developments
3.6 Renesas Electronics
3.6.1 Company Profile
3.6.2 Main Business/Business Overview
3.6.3 Products, Services and Solutions
3.6.4 Near Field Communication (NFC) Revenue (Value) (2014-2019)
3.6.5 Recent Developments
3.7 Gemalto
3.7.1 Company Profile
3.7.2 Main Business/Business Overview
3.7.3 Products, Services and Solutions
3.7.4 Near Field Communication (NFC) Revenue (Value) (2014-2019)
3.7.5 Recent Developments
3.8 Inside Secure
3.8.1 Company Profile
3.8.2 Main Business/Business Overview
3.8.3 Products, Services and Solutions
3.8.4 Near Field Communication (NFC) Revenue (Value) (2014-2019)
3.8.5 Recent Developments
3.9 Samsung Electronics
3.9.1 Company Profile
3.9.2 Main Business/Business Overview
3.9.3 Products, Services and Solutions
3.9.4 Near Field Communication (NFC) Revenue (Value) (2014-2019)
3.9.5 Recent Developments
3.10 Texas Instruments
3.10.1 Company Profile
3.10.2 Main Business/Business Overview
3.10.3 Products, Services and Solutions
3.10.4 Near Field Communication (NFC) Revenue (Value) (2014-2019)
3.10.5 Recent Developments
4 Global Near Field Communication (NFC) Market Size by Type and Application (2014-2019)
4.1 Global Near Field Communication (NFC) Market Size by Type (2014-2019)
4.2 Global Near Field Communication (NFC) Market Size by Application (2014-2019)
4.3 Potential Application of Near Field Communication (NFC) in Future
4.4 Top Consumer/End Users of Near Field Communication (NFC)
5 United States Near Field Communication (NFC) Development Status and Outlook
5.1 United States Near Field Communication (NFC) Market Size (2014-2019)
5.2 United States Near Field Communication (NFC) Market Size and Market Share by Players (2016 and 2019)
6 EU Near Field Communication (NFC) Development Status and Outlook
6.1 EU Near Field Communication (NFC) Market Size (2014-2019)
6.2 EU Near Field Communication (NFC) Market Size and Market Share by Players (2016 and 2019)
7 Japan Near Field Communication (NFC) Development Status and Outlook
7.1 Japan Near Field Communication (NFC) Market Size (2014-2019)
7.2 Japan Near Field Communication (NFC) Market Size and Market Share by Players (2016 and 2019)
8 China Near Field Communication (NFC) Development Status and Outlook
8.1 China Near Field Communication (NFC) Market Size (2014-2019)
8.2 China Near Field Communication (NFC) Market Size and Market Share by Players (2016 and 2019)
9 India Near Field Communication (NFC) Development Status and Outlook
9.1 India Near Field Communication (NFC) Market Size (2014-2019)
9.2 India Near Field Communication (NFC) Market Size and Market Share by Players (2016 and 2019)
10 Southeast Asia Near Field Communication (NFC) Development Status and Outlook
10.1 Southeast Asia Near Field Communication (NFC) Market Size (2014-2019)
10.2 Southeast Asia Near Field Communication (NFC) Market Size and Market Share by Players (2016 and 2019)
11 Market Forecast by Regions, Type and Application (2019-2024)
11.1 Global Near Field Communication (NFC) Market Size (Value) by Regions (2019-2024)
11.1.1 United States Near Field Communication (NFC) Revenue and Growth Rate (2019-2024)
11.1.2 EU Near Field Communication (NFC) Revenue and Growth Rate (2019-2024)
11.1.3 Japan Near Field Communication (NFC) Revenue and Growth Rate (2019-2024)
11.1.4 China Near Field Communication (NFC) Revenue and Growth Rate (2019-2024)
11.1.5 India Near Field Communication (NFC) Revenue and Growth Rate (2019-2024)
11.1.6 Southeast Asia Near Field Communication (NFC) Revenue and Growth Rate (2019-2024)
11.2 Global Near Field Communication (NFC) Market Size (Value) by Type (2019-2024)
11.3 Global Near Field Communication (NFC) Market Size by Application (2019-2024)
12 Near Field Communication (NFC) Market Dynamics
12.1 Near Field Communication (NFC) Market Opportunities
12.2 Near Field Communication (NFC) Challenge and Risk
12.2.1 Competition from Opponents
12.2.2 Downside Risks of Economy
12.3 Near Field Communication (NFC) Market Constraints and Threat
12.3.1 Threat from Substitute
12.3.2 Government Policy
12.3.3 Technology Risks
12.4 Near Field Communication (NFC) Market Driving Force
12.4.1 Growing Demand from Emerging Markets
12.4.2 Potential Application
13 Market Effect Factors Analysis
13.1 Technology Progress/Risk
13.1.1 Substitutes
13.1.2 Technology Progress in Related Industry
13.2 Consumer Needs Trend/Customer Preference
13.3 External Environmental Change
13.3.1 Economic Fluctuations
13.3.2 Other Risk Factors
14 Research Finding/Conclusion
15 Appendix
Methodology
Analyst Introduction
Data Source
