Market Overview:
The global NFC market is expected to grow at a CAGR of over 20% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for NFC-enabled devices, rising adoption of NFC technology in various applications, and growing number of partnerships between banks and other financial institutions. The global NFC market by type is segmented into PC & laptop, smartphone & tablet, and others. The smartphone & tablet segment is expected to hold the largest share of the market during the forecast period. This can be attributed to the increasing demand for smartphones and tablets across the globe. Moreover, these devices offer a wide range of applications that support NFC technology which is further fueling their adoption. The global NFC market by application is segmented into banking & finance, retail, automotive, transportation, medical & healthcare, residential & commercial buildings automation control systems (BACS), consumer electronics (CE), and others segments.
 Industry Outlook.svg)
Product Definition:
Near Field Communications (NFC) is a technology that enables two devices to communicate wirelessly when they are in close proximity, usually less than 4 inches apart. NFC can be used for tasks such as making payments, exchanging contact information, or loading webpages.
NFC is important because it makes it easy for people to interact with their devices without having to type in a password or launch an app. NFC also makes transactions more secure because the user has to physically touch the devices together to complete the transaction.
PC & laptop:
PC & laptop is a mobile payment technology that enables consumers to make contactless payments using their laptops and PCs. The NFC market is expected to witness significant growth over the forecast period owing to increasing demand for mobile devices, which in turn would drive the PC & laptop market.
The global NFC market was valued at USD 1.91 trillion in 2014.
Smartphone & Tablet:
Smartphone & tablet is the segment of NFC market which includes mobile phones and tablets. Smartphones are primarily smartphones, as well as advanced PDAs; whereas tablets are primarily used for internet browsing, e-mailing, instant messaging (IM), web browsing and other multimedia purposes. They both have similar internal hardware components such as a Central Processing Unit (CPU), Random Access Memory (RAM) and Storage Device but differ in size & weight along with features they offer to their users.
Application Insights:
The banking and finance application segment led the market in 2017. This can be attributed to the increasing adoption of smartphones, which enable consumers to conduct financial transactions more conveniently. Furthermore, a number of banks are focusing on offering mobile-based applications for customers to access their accounts remotely. For instance, Deutsche Bank has launched an app named ¢â‚¬Å“TANGO¢â‚¬ which enables customers to transfer money between accounts without visiting branches or filling out forms online. Such initiatives by banks are expected to drive the use of NFC technology in banking and finance applications over the forecast period.
The retail sector is also anticipated to witness significant growth over the next eight years due largelyto growing digitalization trends across various industries worldwide that have resultedin reducing barriers for entry.
Regional Analysis:
The North American region dominated the global market in 2017. The growth can be attributed to the increasing adoption of smartphones, along with a rise in online shopping and mobile banking activities across countries such as the U.S., Canada, and Mexico. Moreover, growing demand for contactless payment technologies that allow consumers to make purchases without having to pull out their wallets is expected to drive regional growth over the forecast period.
Asia Pacific is estimated to be one of the fastest-growing regions over the next eight years owing to rapid technological advancements coupled with increased smartphone penetration rates in economies such as China and India among others will have a positive impact on industry expansion.
Growth Factors:
- Increasing demand for NFC-enabled smartphones and other mobile devices
- Rapid growth of contactless payments and transit systems
- Proliferation of IoT applications that use NFC tags for data exchange
- Growing popularity of wearables with NFC capabilities
- Advances in Near Field Communication technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Near Field Communications (NFC) Market Research Report
By Type
PC & laptop, Smartphone & Tablet, Others
By Application
Banking & Finance, Retail, Automotive, Transportation, Medical & Healthcare, Residential & Commercial, Consumer Electronics, Others
By Companies
Broadcom, DeviceFidelity, Gemalto, Huawei Technologies, Identive, Infineon Technologies, Inside Secure, Mediatek, NXP Semiconductors, On Track Innovations(OTI), Renesas Electronics, Samsung Electronics, Stmicroelectronics, Texas Instruments, Toshiba
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Near Field Communications (NFC) Market Report Segments:
The global Near Field Communications (NFC) market is segmented on the basis of:
Types
PC & laptop, Smartphone & Tablet, Others
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
Banking & Finance, Retail, Automotive, Transportation, Medical & Healthcare, Residential & Commercial, Consumer Electronics, 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:
- Broadcom
- DeviceFidelity
- Gemalto
- Huawei Technologies
- Identive
- Infineon Technologies
- Inside Secure
- Mediatek
- NXP Semiconductors
- On Track Innovations(OTI)
- Renesas Electronics
- Samsung Electronics
- Stmicroelectronics
- Texas Instruments
- Toshiba
 Market Overview.svg)
Highlights of The Near Field Communications (NFC) 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:
- PC & laptop
- Smartphone & Tablet
- Others
- By Application:
- Banking & Finance
- Retail
- Automotive
- Transportation
- Medical & Healthcare
- Residential & Commercial
- Consumer Electronics
- 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 Near Field Communications (NFC) 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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?
Near Field Communications (NFC) is a short-range wireless technology that allows two devices to communicate with each other by touching them together.
Some of the major companies in the near field communications (nfc) market are Broadcom, DeviceFidelity, Gemalto, Huawei Technologies, Identive, Infineon Technologies, Inside Secure, Mediatek, NXP Semiconductors, On Track Innovations(OTI), Renesas Electronics, Samsung Electronics, Stmicroelectronics, Texas Instruments, Toshiba.
The near field communications (nfc) market is expected to register a CAGR of 20%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Near Field Communications (NFC) 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 Near Field Communications (NFC) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Near Field Communications (NFC) 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 Near Field Communications (NFC) 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 Near Field Communications (NFC) Market Size & Forecast, 2018-2028
4.5.1 Near Field Communications (NFC) Market Size and Y-o-Y Growth
4.5.2 Near Field Communications (NFC) Market Absolute $ Opportunity
Chapter 5 Global Near Field Communications (NFC) 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 Near Field Communications (NFC) Market Size Forecast by Type
5.2.1 PC & laptop
5.2.2 Smartphone & Tablet
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Near Field Communications (NFC) 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 Near Field Communications (NFC) Market Size Forecast by Applications
6.2.1 Banking & Finance
6.2.2 Retail
6.2.3 Automotive
6.2.4 Transportation
6.2.5 Medical & Healthcare
6.2.6 Residential & Commercial
6.2.7 Consumer Electronics
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Near Field Communications (NFC) 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 Near Field Communications (NFC) 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 Near Field Communications (NFC) Analysis and Forecast
9.1 Introduction
9.2 North America Near Field Communications (NFC) 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 Near Field Communications (NFC) Market Size Forecast by Type
9.6.1 PC & laptop
9.6.2 Smartphone & Tablet
9.6.3 Others
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 Near Field Communications (NFC) Market Size Forecast by Applications
9.10.1 Banking & Finance
9.10.2 Retail
9.10.3 Automotive
9.10.4 Transportation
9.10.5 Medical & Healthcare
9.10.6 Residential & Commercial
9.10.7 Consumer Electronics
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 Near Field Communications (NFC) Analysis and Forecast
10.1 Introduction
10.2 Europe Near Field Communications (NFC) 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 Near Field Communications (NFC) Market Size Forecast by Type
10.6.1 PC & laptop
10.6.2 Smartphone & Tablet
10.6.3 Others
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 Near Field Communications (NFC) Market Size Forecast by Applications
10.10.1 Banking & Finance
10.10.2 Retail
10.10.3 Automotive
10.10.4 Transportation
10.10.5 Medical & Healthcare
10.10.6 Residential & Commercial
10.10.7 Consumer Electronics
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 Near Field Communications (NFC) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Near Field Communications (NFC) 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 Near Field Communications (NFC) Market Size Forecast by Type
11.6.1 PC & laptop
11.6.2 Smartphone & Tablet
11.6.3 Others
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 Near Field Communications (NFC) Market Size Forecast by Applications
11.10.1 Banking & Finance
11.10.2 Retail
11.10.3 Automotive
11.10.4 Transportation
11.10.5 Medical & Healthcare
11.10.6 Residential & Commercial
11.10.7 Consumer Electronics
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 Near Field Communications (NFC) Analysis and Forecast
12.1 Introduction
12.2 Latin America Near Field Communications (NFC) 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 Near Field Communications (NFC) Market Size Forecast by Type
12.6.1 PC & laptop
12.6.2 Smartphone & Tablet
12.6.3 Others
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 Near Field Communications (NFC) Market Size Forecast by Applications
12.10.1 Banking & Finance
12.10.2 Retail
12.10.3 Automotive
12.10.4 Transportation
12.10.5 Medical & Healthcare
12.10.6 Residential & Commercial
12.10.7 Consumer Electronics
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) Near Field Communications (NFC) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Near Field Communications (NFC) 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) Near Field Communications (NFC) Market Size Forecast by Type
13.6.1 PC & laptop
13.6.2 Smartphone & Tablet
13.6.3 Others
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) Near Field Communications (NFC) Market Size Forecast by Applications
13.10.1 Banking & Finance
13.10.2 Retail
13.10.3 Automotive
13.10.4 Transportation
13.10.5 Medical & Healthcare
13.10.6 Residential & Commercial
13.10.7 Consumer Electronics
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 Near Field Communications (NFC) Market: Competitive Dashboard
14.2 Global Near Field Communications (NFC) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Broadcom
14.3.2 DeviceFidelity
14.3.3 Gemalto
14.3.4 Huawei Technologies
14.3.5 Identive
14.3.6 Infineon Technologies
14.3.7 Inside Secure
14.3.8 Mediatek
14.3.9 NXP Semiconductors
14.3.10 On Track Innovations(OTI)
14.3.11 Renesas Electronics
14.3.12 Samsung Electronics
14.3.13 Stmicroelectronics
14.3.14 Texas Instruments
14.3.15 Toshiba
