Market Overview:
The global auxiliary NFC products market is expected to grow at a CAGR of over 20% during the forecast period from 2018 to 2030. Auxiliary NFC products are those that support or supplement the main function of an NFC-enabled device. These products include NFC micro SD cards, NFC SIM /UICC cards, and NFC covers. The increasing demand for contactless payments and growing adoption of IoT are some of the major factors driving the growth of this market. The retail sector is expected to be the largest application segment for auxiliary NFC products during the forecast period. This can be attributed to the increasing demand for contactless payments in this sector. The transportation sector is also expected to witness significant growth in this market due to rising adoption of smart ticketing solutions worldwide.
Product Definition:
Auxiliary NFC products are devices that support or supplement NFC technology. They can include tags, readers, and controllers. These products are important because they help to create a more efficient and user-friendly experience for users of NFC technology. For example, auxiliary NFC tags can be used to store specific information about an item or location. This information can then be accessed by a reader or controller to provide additional functionality or features.
NFC Micro Sd Cards:
NFC micro sd cards are small sized data storage devices that function as a standard for mobile payment applications. They are widely used in smartphones, tablets and other electronic devices to store the credit card information of users for making secure payments at any NFC-enabled point of sale terminals or vending machines. The growth factor in the auxiliary nfc products market is attributed to its increasing adoption rate among consumers due to rising awareness regarding advanced payment technologies such as tap-to-go credit cards and mobile wallets.
NFC SIM /UICC Cards:
NFC SIM or UICC cards are a physical element that is inserted in mobile phones to enable the payment processes via NFC-enabled devices. The card is an essential component of an auxiliary NFC product and enables the user to make contactless payments at retail stores, vending machines, and ticketing systems. The growth of mobile commerce has led to increased demand for such cards as they provide added value for purchasing items over smartphones.
Application Insights:
The retail segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The growing adoption of contactless payment technology for shopping has resulted in increased demand for NFC products across all major retailers. Furthermore, increasing penetration of smartphones has also led to an increase in mobile payments applications which, in turn, is driving the auxiliary NFC products market at large.
The transportation sector is anticipated to emerge as a prominent application segment over the forecast period owing to various advantages offered by auxiliary NFC solutions such as secure data transfer and easy access information from smart cards. Moreover, these solutions help reduce waiting time at airports by enabling passengers check-in online and save both time and money during travel bookings through e-ticketing systems or mobile ticketing apps with just a tap on compatible devices near gates or via AppRadioBeamTM .
Regional Analysis:
North America is anticipated to be the key regional market over the forecast period owing to high demand for contactless payment solutions from consumers and enterprises. The region accounted for a revenue share of more than 35% in 2017, which can be attributed to presence of prominent players such as Gemalto NV; NXP B.V.; and Infineon Technologies AG in the region. Moreover, increasing adoption of smartphones, rising need for mobile payments across various industry verticals including retail, transportation & logistics (T&L), banking & finance (B&F), healthcare & life sciences (HLS) has also contributed significantly towards growth in this region.
Asia Pacific is projected to register significant growth over the forecast period due to growing penetration of NFC enabled devices such as smartphones and tablets among consumers and enterprises coupled with increased usage at POS terminals across various industries including retail, transportation & logistics (T&L), consumer electronics etc.
Growth Factors:
- Increasing demand for NFC-enabled devices: The global NFC-enabled device shipments are expected to grow at a CAGR of over 28% during the forecast period. This is mainly due to the increasing demand for contactless payments and growing number of use cases for NFC technology.
- Proliferation of IoT: The proliferation of IoT is one of the major growth drivers for the auxiliary NFC products market. With an increase in connected devices, there will be a corresponding increase in demand for auxiliary NFC products that can facilitate secure communication between these devices.
- Rising adoption of mobile commerce: The increasing adoption of mobile commerce is another key factor driving the growth of this market. In fact, according to a study by Forrester Research, global mcommerce sales are expected to reach 1 billion by 2020, up from 3 billion in 2016.
Scope Of The Report
Report Attributes
Report Details
Report Title
Auxiliary NFC Products Market Research Report
By Type
NFC Micro Sd Cards, NFC SIM /UICC Cards, NFC Covers
By Application
Retail, Transportation, Automotive, Residential & Commercial, Medical & Healthcare, Consumer Electronics, Banking & Finance, Others
By Companies
Thales Group, Infineon, ams, HID, NXP, Broadcom, Qualcomm, Texas Instruments, STMicroelectronics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Auxiliary NFC Products Market Report Segments:
The global Auxiliary NFC Products market is segmented on the basis of:
Types
NFC Micro Sd Cards, NFC SIM /UICC Cards, NFC Covers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail, Transportation, Automotive, Residential & Commercial, Medical & Healthcare, Consumer Electronics, Banking & Finance, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thales Group
- Infineon
- ams
- HID
- NXP
- Broadcom
- Qualcomm
- Texas Instruments
- STMicroelectronics
Highlights of The Auxiliary NFC Products Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- NFC Micro Sd Cards
- NFC SIM /UICC Cards
- NFC Covers
- By Application:
- Retail
- Transportation
- Automotive
- Residential & Commercial
- Medical & Healthcare
- Consumer Electronics
- Banking & Finance
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Auxiliary NFC Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Auxiliary NFC products are devices that can be used in conjunction with an NFC-enabled device to make transactions easier. Auxiliary NFC products can include card readers, key fobs, and other accessories.
Some of the key players operating in the auxiliary nfc products market are Thales Group, Infineon, ams, HID, NXP, Broadcom, Qualcomm, Texas Instruments, STMicroelectronics.
The auxiliary nfc products market is expected to grow at a compound annual growth rate of 20%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Auxiliary NFC Products Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Auxiliary NFC Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Auxiliary NFC Products Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Auxiliary NFC Products Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Auxiliary NFC Products Market Size & Forecast, 2018-2028
4.5.1 Auxiliary NFC Products Market Size and Y-o-Y Growth
4.5.2 Auxiliary NFC Products Market Absolute $ Opportunity
Chapter 5 Global Auxiliary NFC Products Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Auxiliary NFC Products Market Size Forecast by Type
5.2.1 NFC Micro Sd Cards
5.2.2 NFC SIM /UICC Cards
5.2.3 NFC Covers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Auxiliary NFC Products Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Auxiliary NFC Products Market Size Forecast by Applications
6.2.1 Retail
6.2.2 Transportation
6.2.3 Automotive
6.2.4 Residential & Commercial
6.2.5 Medical & Healthcare
6.2.6 Consumer Electronics
6.2.7 Banking & Finance
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Auxiliary NFC Products Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Auxiliary NFC Products Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Auxiliary NFC Products Analysis and Forecast
9.1 Introduction
9.2 North America Auxiliary NFC Products Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Auxiliary NFC Products Market Size Forecast by Type
9.6.1 NFC Micro Sd Cards
9.6.2 NFC SIM /UICC Cards
9.6.3 NFC Covers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Auxiliary NFC Products Market Size Forecast by Applications
9.10.1 Retail
9.10.2 Transportation
9.10.3 Automotive
9.10.4 Residential & Commercial
9.10.5 Medical & Healthcare
9.10.6 Consumer Electronics
9.10.7 Banking & Finance
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Auxiliary NFC Products Analysis and Forecast
10.1 Introduction
10.2 Europe Auxiliary NFC Products Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Auxiliary NFC Products Market Size Forecast by Type
10.6.1 NFC Micro Sd Cards
10.6.2 NFC SIM /UICC Cards
10.6.3 NFC Covers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Auxiliary NFC Products Market Size Forecast by Applications
10.10.1 Retail
10.10.2 Transportation
10.10.3 Automotive
10.10.4 Residential & Commercial
10.10.5 Medical & Healthcare
10.10.6 Consumer Electronics
10.10.7 Banking & Finance
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Auxiliary NFC Products Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Auxiliary NFC Products Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Auxiliary NFC Products Market Size Forecast by Type
11.6.1 NFC Micro Sd Cards
11.6.2 NFC SIM /UICC Cards
11.6.3 NFC Covers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Auxiliary NFC Products Market Size Forecast by Applications
11.10.1 Retail
11.10.2 Transportation
11.10.3 Automotive
11.10.4 Residential & Commercial
11.10.5 Medical & Healthcare
11.10.6 Consumer Electronics
11.10.7 Banking & Finance
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Auxiliary NFC Products Analysis and Forecast
12.1 Introduction
12.2 Latin America Auxiliary NFC Products Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Auxiliary NFC Products Market Size Forecast by Type
12.6.1 NFC Micro Sd Cards
12.6.2 NFC SIM /UICC Cards
12.6.3 NFC Covers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Auxiliary NFC Products Market Size Forecast by Applications
12.10.1 Retail
12.10.2 Transportation
12.10.3 Automotive
12.10.4 Residential & Commercial
12.10.5 Medical & Healthcare
12.10.6 Consumer Electronics
12.10.7 Banking & Finance
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Auxiliary NFC Products Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Auxiliary NFC Products Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Auxiliary NFC Products Market Size Forecast by Type
13.6.1 NFC Micro Sd Cards
13.6.2 NFC SIM /UICC Cards
13.6.3 NFC Covers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Auxiliary NFC Products Market Size Forecast by Applications
13.10.1 Retail
13.10.2 Transportation
13.10.3 Automotive
13.10.4 Residential & Commercial
13.10.5 Medical & Healthcare
13.10.6 Consumer Electronics
13.10.7 Banking & Finance
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Auxiliary NFC Products Market: Competitive Dashboard
14.2 Global Auxiliary NFC Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thales Group
14.3.2 Infineon
14.3.3 ams
14.3.4 HID
14.3.5 NXP
14.3.6 Broadcom
14.3.7 Qualcomm
14.3.8 Texas Instruments
14.3.9 STMicroelectronics
