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The global NFC market attained a value of around USD 17.1 billion in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 28.4% to reach nearly USD 76.7 billion by 2026.
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Based on product, the NFC tags segment is expected to hold a significant market share in the NFC industry. The segment is expected to grow as a result of the increasing demand for payment and access control applications. NFC tags are made up of microchips that can store data and can be read by a variety of mobile devices. The NFC tag allows you to share data saved on your phone with other NFC-enabled phones. It also performs a number of tasks, such as launching a website or altering the handset's settings. Unlike mobile apps and wallets, which bombard users with unpleasant pop-ups, other intrusions and distractions, and unwelcome advertising, NFC tags give consumers more control over their interactions.
Geographically, North America accounts for a leading share in the NFC industry due to the increased preference for cashless payments and increase in mobile commerce in the region. As the need for multi-tasking devices grows around the world, consumer electronics companies are incorporating NFC technology into their tablets and smartphones to give consumers with a single solution. Meanwhile, the Asia Pacific is expected to witness a robust growth in the forecast period due to the increasing adoption of smart appliances and the rising per capita income of the population.
Near field communication, often abbreviated as NFC, is a short-range wireless technology. It allows compatible devices to communicate across short distances. To send the signal, at least one transmitting device and one receiving device are required. The NFC standard can be used by a wide range of devices, which can be passive or active. In passive devices, tags and other small transmitters can convey data to other NFC devices without requiring their own power supply. These devices do not process data from other sources and are unable to link to other passive components. In active devices, these gadgets are capable of both sending and receiving data. They have the ability to communicate both with active and passive devices. NFC is another wireless data transfer standard that requires devices to follow certain standards in order to connect successfully.
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By product, the market is divided into:
Based on application, the industry can be segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global NFC industry is being driven by the rising usage of smartphones and mobile commerce. During the COVID-19 pandemic, the market has experienced growth owing to the increase in sign-ups for new payment procedures and the increased number of smartphone users. As people were unable to go outside due to the lockdown imposed by the respective state governments, the online payment transfer for essentials surged. In addition, the expansion of the worldwide NFC industry is also aided by the increase in mobile internet users. Furthermore, with technologies like NFC-enabled PoS systems, mobile devices have become an essential means of data transfer. However, short range of communication is one of the characteristics that may restrict the market growth.
The report presents a detailed analysis of the following key players in the global NFC market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region|
|Breakup by Product||SD Cards, SIM Cards, NFC Covers, NFC ICs, NFC Tags, NFC Readers|
|Breakup by Application||Access Control, Ticketing, Data Sharing, Medical Devices, Transaction, Product Identification, Others|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Thales Group, Broadcom Inc., Infineon Technologies AG, Identiv, Inc., NXP Semiconductors N.V., Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global NFC Market Analysis
8.1 Key Industry Highlights
8.2 Global NFC Historical Market (2017-2021)
8.3 Global NFC Market Forecast (2022-2027)
8.4 Global NFC Market by Product
8.4.1 SD Cards
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.4.2 SIM Cards
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.4.3 NFC Covers
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.4.4 NFC ICs
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.4.5 NFC Tags
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.4.6 NFC Readers
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.5 Global NFC Market by Application
8.5.1 Access Control
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.5.3 Data Sharing
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.5.4 Medical Devices
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.5.6 Product Identification
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.6 Global NFC Market by Region
8.6.1 Market Share
22.214.171.124 North America
126.96.36.199 Asia Pacific
188.8.131.52 Latin America
184.108.40.206 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
220.127.116.11 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
18.104.22.168 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Thales Group
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
12.2.2 Broadcom Inc.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
12.2.3 Infineon Technologies AG
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
12.2.4 Identiv, Inc.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
12.2.5 NXP Semiconductors N.V.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
13 Industry Events and Developments
List of Key Figures and Tables
1. Global NFC Market: Key Industry Highlights, 2016 and 2026
2. Global NFC Historical Market: Breakup by Product (USD Billion), 2017-2021
3. Global NFC Market Forecast: Breakup by Product (USD Billion), 2022-2027
4. Global NFC Historical Market: Breakup by Application (USD Billion), 2017-2021
5. Global NFC Market Forecast: Breakup by Application (USD Billion), 2022-2027
6. Global NFC Historical Market: Breakup by Region (USD Billion), 2017-2021
7. Global NFC Market Forecast: Breakup by Region (USD Billion), 2022-2027
8. North America NFC Historical Market: Breakup by Country (USD Billion), 2017-2021
9. North America NFC Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Europe NFC Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Europe NFC Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Asia Pacific NFC Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Asia Pacific NFC Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Latin America NFC Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Latin America NFC Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Middle East and Africa NFC Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Middle East and Africa NFC Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Global NFC Market Structure
In 2020, the global NFC market attained a value of nearly USD 17.1 billion.
The market is projected to grow at a CAGR of 28.4% between 2022 and 2027.
The market is being aided by the increasing demand for access control and payment applications, the growing adoption of smart appliances, and rising per capita income.
The key trends guiding the growth of the industry include the growing focus of manufacturers to offer innovative NFCs and the increasing technological advancements.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different products of NFC in the industry are SD cards, SIM cards, NFC covers, NFC ICs, NFC tags and NFC readers.
The significant applications of NFC are access control, ticketing, data sharing, medical devices, transaction, and product identification, among others.
The major players in the industry are Thales Group, Broadcom Inc., Infineon Technologies AG, Identiv, Inc., and NXP Semiconductors N.V., among others.
The global NFC market attained a value of about USD 17.1 billion in 2020, driven by the increasing popularity of NFC due to the rising demand for cashless payments and easier data sharing. Aided by the growing innovation and technological advancements in NFC, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 28.4%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product, the NFC industry is divided into SD cards, SIM cards, NFC covers, NFC ICs, NFC tags, and NFC readers. Based on applications, the industry can be categorised into access control, ticketing, data sharing, medical devices, transaction, and product identification, among others. The major regional markets for NFC are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Thales Group, Broadcom Inc., Infineon Technologies AG, Identiv, Inc., and NXP Semiconductors N.V., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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