Global Non-Auxiliary NFC Products Market by Type (NFC ICS & Antennas, NFC Tags, NFC Readers), By Application (Retail, Transportation, Automotive, Residential & Commercial, Medical & Healthcare, Consumer Electronics, Banking & Finance, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global non-auxiliary NFC products market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for NFC-enabled devices and applications, rising adoption of contactless payments, and growing number of partnerships between OEMs and payment providers. The global non-auxiliary NFC products market by type is segmented into NFC ICS & antennas, NFC tags, and NFC readers. The AFC tags segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing demand for contactless payments and growing number of partnerships between OEMs and payment providers. The global non-auxiliary NFC products market by application is segmented into retail, transportation, automotive, residential & commercial, medical & healthcare, consumer electronics (CE), banking & finance sector,,and others segments. The retail sector accounted for the largest share of the global non-auxiliary nfc product market in 2017 owing to increased adoption of contactless payments across various retail verticals such as supermarkets/hypermarkets chains,, convenience stores,, department stores,, specialty stores,,,, etc., In addition,.



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Product Definition:

Non-Auxiliary NFC Products are products that do not require an auxiliary device to function. These products include contactless cards, tags, and stickers. Non-auxiliary NFC products are used for a variety of purposes, including payments, access control, and marketing. The importance of non-auxiliary NFC products lies in their ease of use and versatility.

NFC ICS & Antennas:

NFC ICS & antennas, it's usage.

*** Introduction of new standards for mobile payments is expected to drive the global non-auxiliary nfc products market over the forecast period. The introduction of ISO/IEC 7816:2013 standard has enabled a new level of interoperability between different payment technologies such as contactless cards, mobile phones, and tablets.

NFC Tags:

NFC tags are small electronic devices that can be attached to various types of products for the purpose of unique identification. They are portable and can be easily embedded in any product with the help of adhesive or sewn on. These tags contain an integrated circuit, which enables them to hold high-quality data regarding the product on which it is mounted.

Application Insights:

The retail segment dominated the global non-auxiliary NFC products market in 2017. The growing adoption of contactless payment technology for shopping is driving the growth of this segment. Contactless payment systems have several advantages over traditional transaction methods, such as they do not require users to press a button on a reader and they are more secure due to Transport Layer Security (TLS) protocol implementation by banks and merchants. Moreover, retailers can reduce counter queues by enabling fast transactions with minimal waiting time at all times of the day or night through this technology.

Transportation was the second largest application segment in 2017 and is expected to witness significant growth over the forecast period owing to increasing adoption across various transportation modes such as public transport buses, trains, cabs, metros and trams among others.

Regional Analysis:

North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This growth can be attributed to various factors such as high demand for smartphones, increasing adoption of contactless payment technologies, and presence of prominent players in this region.

Asia Pacific is anticipated to emerge as the fastest-growing regional market from 2018 to 2030 owing to growing smartphone penetration and increased usage of NFC tags for mobile payments across countries such as China, India, South Korea, and Japan. Moreover, rising investments by governments in infrastructure development are also expected to drive industry growth over the next eight years. For instance; In 2015; The Chinese government announced plans for deploying mass transit systems using NFC-enabled tickets that require no additional physical ticketing or exchange of information between travelers and transport authorities (NFC Journal).

Growth Factors:

Increasing demand for contactless payments: The global NFC market is expected to grow at a CAGR of over 31% during the forecast period. This can be attributed to the increasing demand for contactless payments, owing to the convenience and security offered by these payment methods.
Proliferation of smartphones and other mobile devices: The growth of the NFC market is also driven by the proliferation of smartphones and other mobile devices that are equipped with NFC technology. This has led to an increase in adoption of NFC-based applications such as ticketing, payments, and others.
Rising number of partnerships between banks and telecom operators: Banks are partnering with telecom operators to offer innovative payment solutions that make use of NFC technology. For instance, in February 2017, Deutsche Telekom partnered with Commerzbank to launch a new co-branded credit card that allows users to make contactless payments using their phones.
Growing popularity of wearables: Wearable devices are becoming increasingly popular among consumers due to their ease-of-use and portability options They offer a convenient way for users to carry out transactions without having accessto their smartphones or wallets..5 Increased government support for deploymentofNFC infrastructure: Governments aroundthe world are supportingthe deployment oftNFCinfrastructurein order tobenefit from its various advantages such as improved securityand efficiency


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Scope Of The Report
Report Attributes
Report Details
Report Title
Non-Auxiliary NFC Products Market Research Report
By Type
NFC ICS & Antennas, NFC Tags, NFC Readers
By Application
Retail, Transportation, Automotive, Residential & Commercial, Medical & Healthcare, Consumer Electronics, Banking & Finance, Others
By Companies
NXP, Broadcom, Qualcomm, Texas Instruments, STMicroelectronics, Thales Group, Infineon, ams, HID
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.

Global Non-Auxiliary NFC Products Market Report Segments:
The global Non-Auxiliary NFC Products market is segmented on the basis of:
Types
NFC ICS & Antennas, NFC Tags, NFC Readers
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:
NXP
Broadcom
Qualcomm
Texas Instruments
STMicroelectronics
Thales Group
Infineon
ams
HID



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Highlights of The Non-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 ICS & Antennas
NFC Tags
NFC Readers
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 Non-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.
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



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

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