Near Field Communication Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Near field communication (NFC) is a wireless technology that offers exchange of data between the NFC technologies enabled devices. NFC is a short range communication technique and an efficient alternative to communication technologies such as Wi-Fi and Bluetooth. NFC transfers data by bringing the devices closer or by touching them together. NFC enable the users to seamlessly share data between devices, use their mobile phone as e-ticket or pay bills wirelessly. The important benefit of NFC over Bluetooth is shorter set-up period. Also, NFC works on devices that are not driven by battery such as smart credit card. NFC technology has various advantages such as versatility, safety and convenience. It requires PIN and does not allow physical access of credit card information to merchants. Hence, NFC is much more secure than other techniques of transaction. NFC is very convenient to use.
The growing trend of cashless transactions worldwide is the key driver for the growth of global NFC market. There is rise in demand for multi-tasking devices globally, hence, consumer electronics enterprises are involved in integrating NFC technology in their tablets and mobile phones to provide a single solution to the consumers. Also, global NFC market is bolstering due to increase in adoption of NFC technology in tablet, smartphones and other similar devices.
NFC allows easy payments and enable users to transfer data, play games, share information and access social networking sites. It can be combined with retailers' point of sale (POS), healthcare systems and public transit payment systems. The global NFC market is highly driven by increasing penetration of smartphone users for making secure online transactions and contactless payments facility. The rise in mobile internet users also contributes to the global NFC market growth. Whereas, short range of communication is one of the factors that hinders the growth
The global NFC market is segmented by device operating mode into reader emulation, card emulation and peer-to-peer. The global NFC market is further bifurcated by product & software types as auxiliary products, NFC software and non-auxiliary products. Global NFC market is also segmented on the basis of industry as retail, transportation, residential & commercial, consumer electronics, automotive, medical & healthcare, banking & finance and others. The NFC market is further bifurcated by regions into North America, Asia Pacific, Middle East & Africa, Europe, and South America.
North America is the leading global NFC market in terms of market share. Asia Pacific is anticipated to experience a faster growth in the coming years due to rise in adoption of NFC technology and increasing awareness. Further, Europe region is also projected to be a high potential market.
Broadcom Inc., Toshiba Corporation, Infineon Technologies, DeviceFidelity Inc., Samsung Electronics Co. Ltd., Visa Inc., Identive Group, MasterCard, PayPal, American Express, Qualcomm, MediaTek Inc., STMicroelectronics, Renasas Electronics Corporation, NXP Semiconductors, Texas Instruments, Huawei Technologies Co., Ltd., Gemalto NV, STmicroelectronics, Apple Inc. and Inside Secure among others are some of the chief market players operating in the global NFC market.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 The Insight Partners Research Report Guidance
3 Key Takeaways
4 Near Field Communication Market Landscape
4.1 Overview
4.2 Definitions
4.3 Market Segmentation
4.3.1 By Device Operating Mode
4.3.2 By Product & Software
4.3.3 By Industry
4.3.4 By Regions
4.3.4.1 By Countries
4.4 Value Chain Analysis
5 Near Field Communication Market - Key Industry Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
6 Near Field Communication Market - Five Forces Analysis
6.1 Porters Five Forces Analysis
6.1.1 Bargaining Power of Suppliers
6.1.2 Bargaining Power of Buyers
6.1.3 Threat of Substitutes
6.1.4 Threat of New Entrants
6.1.5 Degree of Competition
7 Near Field Communication Market - Competitive Landscape
7.1 Global Near Field Communication Market Sales Revenue (US$ Bn), 2014 - 2025
7.2 Near Field Communication Market - Market Share Analysis of Market Positioning of Key Players, 2015
7.2.1 Global Near Field Communication Market, Market Share or Market Positioning of Key Players, 2015
7.2.2 Near Field Communication Market, Key Players by Region
8 Global Near Field Communication Market Revenue and Forecasts to 2028 - Device Operating Mode
8.1 Overview
8.1.1 Segment Share (%), 2015 & 2025
8.2 Reader emulation
8.2.1 Overview
8.2.2 Global Reader Emulation Market Revenue and Forecasts to 2028 (US$ Bn)
8.3 Card Emulation
8.3.1 Overview
8.3.2 Global Card Emulation Market Revenue and Forecasts to 2028 (US$ Bn)
8.4 Peer-to-Peer
8.4.1 Overview
8.4.2 Global Peer-to-Peer Market Revenue and Forecasts to 2028 (US$ Bn)
9 Global Near Field Communication Market Revenue and Forecasts to 2028 - Product & Software
9.1 Overview
9.1.1 Segment Share (%), 2015 & 2025
9.2 Auxiliary Products
9.2.1 Overview
9.2.2 Global Auxiliary Products Market Revenue and Forecasts to 2028 (US$ Bn)
9.3 NFC Software
9.3.1 Overview
9.3.2 Global NFC Software Market Revenue and Forecasts to 2028 (US$ Bn)
9.4 Non-Auxiliary Products
9.4.1 Overview
9.4.2 Global Non-Auxiliary Products Market Revenue and Forecasts to 2028 (US$ Bn)
10 Global Near Field Communication Market Revenue and Forecasts to 2028 - Industry
10.1 Overview
10.1.1 Segment Share (%), 2015 & 2025
10.2 Retail
10.2.1 Overview
10.2.2 Global Retail Market Revenue and Forecasts to 2028 (US$ Bn)
10.3 Transportation
10.3.1 Overview
10.3.2 Global Transportation Market Revenue and Forecasts to 2028 (US$ Bn)
10.4 Residential & Commercial
10.4.1 Overview
10.4.2 Global Residential & Commercial Market Revenue and Forecasts to 2028 (US$ Bn)
10.5 Consumer Electronics
10.5.1 Overview
10.5.2 Global Consumer Electronics Market Revenue and Forecasts to 2028 (US$ Bn)
10.6 Automotive
10.6.1 Overview
10.6.2 Global Automotive Market Revenue and Forecasts to 2028 (US$ Bn)
10.7 Medical & Healthcare
10.7.1 Overview
10.7.2 Global Medical & Healthcare Market Revenue and Forecasts to 2028 (US$ Bn)
10.8 Banking & Finance
10.8.1 Overview
10.8.2 Global Banking & Finance Market Revenue and Forecasts to 2028 (US$ Bn)
10.9 Others
10.9.1 Overview
10.9.2 Global Others Market Revenue and Forecasts to 2028 (US$ Bn)
11 Global Near Field Communication Market Revenue and Forecasts to 2028 - Geographical Analysis
11.1 Overview
11.1.1 Segment Share (%), 2015 & 2025
11.2 North America
11.2.1 Overview
11.2.1.1 Segment Share (%), 2015 & 2025
11.2.2 U.S.
11.2.2.1 U.S. Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.2.3 Canada
11.2.3.1 Canada Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.2.4 Mexico
11.2.4.1 Mexico Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.3 Europe
11.3.1 Overview
11.3.1.1 Segment Share (%), 2015 & 2025
11.3.2 France
11.3.2.1 France Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.3.3 Germany
11.3.3.1 Germany Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.3.4 Italy
11.3.4.1 Italy Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.3.5 Spain
11.3.5.1 Spain Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.3.6 U.K
11.3.6.1 U.K Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.3.7 Rest of Europe
11.3.7.1 Rest of Europe Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.4 Asia Pacific (APAC)
11.4.1 Overview
11.4.1.1 Segment Share (%), 2015 & 2025
11.4.2 Australia
11.4.2.1 Australia Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.4.3 China
11.4.3.1 China Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.4.4 India
11.4.4.1 India Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.4.5 Japan
11.4.5.1 Japan Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.4.6 Rest of APAC
11.4.6.1 Rest of APAC Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.5 Middle East & Africa (MEA)
11.5.1 Overview
11.5.1.1 Segment Share (%), 2015 & 2025
11.5.2 Saudi Arabia
11.5.2.1 Saudi Arabia Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.5.3 South Africa
11.5.3.1 South Africa Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.5.4 UAE
11.5.4.1 UAE Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.5.5 Rest of MEA
11.5.5.1 Rest of MEA Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.6 South America (SAM)
11.6.1 Overview
11.6.1.1 Segment Share (%), 2015 & 2025
11.6.2 Brazil
11.6.2.1 Brazil Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
11.6.3 Rest of SAM
11.6.3.1 Rest of SAM Near Field Communication Market Revenue Forecasts to 2028 (US$ Bn)
12 Global Near Field Communication Market, Key Company Profiles
12.1 Broadcom Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 Toshiba Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 Infineon Technologies
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 DeviceFidelity Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 Samsung Electronics Co. Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 Visa Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 Identive Group
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 MasterCard
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 PayPal
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.10 American Express
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments
12.11 Qualcomm
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Financial Overview
12.11.4 SWOT Analysis
12.11.5 Key Developments
12.12 MediaTek Inc.
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Financial Overview
12.12.4 SWOT Analysis
12.12.5 Key Developments
12.13 STMicroelectronics
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Financial Overview
12.13.4 SWOT Analysis
12.13.5 Key Developments
12.14 Renasas Electronics Corporation
12.14.1 Key Facts
12.14.2 Business Description
12.14.3 Financial Overview
12.14.4 SWOT Analysis
12.14.5 Key Developments
12.15 NXP Semiconductors
12.15.1 Key Facts
12.15.2 Business Description
12.15.3 Financial Overview
12.15.4 SWOT Analysis
12.15.5 Key Developments
12.16 Texas Instruments
12.16.1 Key Facts
12.16.2 Business Description
12.16.3 Financial Overview
12.16.4 SWOT Analysis
12.16.5 Key Developments
12.17 Huawei Technologies Co., Ltd.
12.17.1 Key Facts
12.17.2 Business Description
12.17.3 Financial Overview
12.17.4 SWOT Analysis
12.17.5 Key Developments
12.18 Gemalto NV
12.18.1 Key Facts
12.18.2 Business Description
12.18.3 Financial Overview
12.18.4 SWOT Analysis
12.18.5 Key Developments
12.19 STmicroelectronics
12.19.1 Key Facts
12.19.2 Business Description
12.19.3 Financial Overview
12.19.4 SWOT Analysis
12.19.5 Key Developments
12.20 , Apple Inc.
12.20.1 Key Facts
12.20.2 Business Description
12.20.3 Financial Overview
12.20.4 SWOT Analysis
12.20.5 Key Developments
12.21 Inside Secure
12.21.1 Key Facts
12.21.2 Business Description
12.21.3 Financial Overview
12.21.4 SWOT Analysis
12.21.5 Key Developments
12.21.6
13 Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
13.3 Methodology
13.3.1 Coverage
13.3.2 Secondary Research
13.3.3 Primary Research
13.4 Contact Us
13.5 Disclaimer
- Broadcom Inc.
- Toshiba Corporation
- Infineon Technologies
- DeviceFidelity Inc.
- Samsung Electronics Co. Ltd.
- Visa Inc.
- Identive Group
- MasterCard
- PayPal
- American Express
- Qualcomm
- MediaTek Inc.
- STMicroelectronics
- Renasas Electronics Corporation
- NXP Semiconductors
- Texas Instruments
- Huawei Technologies Co., Ltd.
- Gemalto NV
- Apple Inc.
- Inside Secure
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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