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Global NFC Market: By Product: SD Cards, SIM Cards, NFC Covers, NFC ICs, NFC Tags, NFC Readers; By Application: Access Control, Ticketing, Data Sharing, Medical Devices, Transaction, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global NFC Market Outlook

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 2021-2026 at a CAGR of 28.4% to reach nearly USD 76.7 billion by 2026.

 

Increasing Demand for NFC Tags to Augment the NFC Industry Growth

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.

 

Global NFC Market

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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.

 

The Asia Pacific to Provide Significant Growth Opportunities to the NFC Industry

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.

 

NFC: Industry Definition and Segmentation

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.

By product, the market is divided into:

  • SD Cards
  • SIM Cards
  • NFC Covers
  • NFC ICs
  • NFC Tags
  • NFC Readers

Based on application, the industry can be segmented into:

  • Access Control
  • Ticketing
  • Data Sharing
  • Medical Devices
  • Transaction
  • Product Identification
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Increasing Usage of Smartphones to Bolster the Growth of the NFC Industry

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.

 

Key Industry Players in the Global NFC Market

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:

  • Thales Group
  • Broadcom Inc.
  • Infineon Technologies AG
  • Identiv, Inc.
  • NXP Semiconductors N.V.
  • Others

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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
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, EMR’s 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.

1    Preface
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

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global NFC Market Analysis

    8.1    Key Industry Highlights
    8.2    Global NFC Historical Market (2016-2020) 
    8.3    Global NFC Market Forecast (2021-2026)
    8.4    Global NFC Market by Product
        8.4.1    SD Cards
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    SIM Cards
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    NFC Covers
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    NFC ICs
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    NFC Tags
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
        8.4.6    NFC Readers
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2016-2020)
            8.4.6.3    Forecast Trend (2021-2026)
    8.5    Global NFC Market by Application
        8.5.1    Access Control
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Ticketing
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Data Sharing
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Medical Devices
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Transaction
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Product Identification
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2016-2020)
            8.5.6.3    Forecast Trend (2021-2026)
        8.5.7    Others
    8.6    Global NFC Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    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    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1     Thales Group
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Broadcom Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Infineon Technologies AG
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Identiv, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    NXP Semiconductors N.V.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global NFC Market: Key Industry Highlights, 2016 and 2026
2.    Global NFC Historical Market: Breakup by Product (USD Billion), 2016-2020
3.    Global NFC Market Forecast: Breakup by Product (USD Billion), 2021-2026
4.    Global NFC Historical Market: Breakup by Application (USD Billion), 2016-2020
5.    Global NFC Market Forecast: Breakup by Application (USD Billion), 2021-2026
6.    Global NFC Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global NFC Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America NFC Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America NFC Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe NFC Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe NFC Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific NFC Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific NFC Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America NFC Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America NFC Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa NFC Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa NFC Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Global NFC Market Structure

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