Near Field Communication Market 2020 Research Analysis and Potential of Market from 2020-2022

Market Research Future published a research report on “Near Field Communication Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Synopsis:

NFC technology, commonly known as NFC, is a technology developed by Philips and Sony jointly. It facilitates the exchange of data between electronic devices such as smartphones or tablets when placed close to each other. Over time, the technology has witnessed tremendous developments, and NFC marketing has helped the technology in gaining popularity. Market Research Future (MRFR)’s analysis unravels that the global Near Field Communication Market is presumed to expand at 17% CAGR over the evaluation period. The market size, in terms of revenue, is anticipated to reach USD 30 Bn by 2023.

NFC technology is one of the most convenient technologies used for data transfer. It is anticipated that the use of the technology in health monitoring is expected to revolutionize the near field communication world in the forthcoming years. Also, the development of new technologies and new field communication marketing tactics leveraged by key players are projected to increase growth rate in the coming years.

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Global Near Field Communications Market – Segments

The Global Near Field Communications Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

  • By Devices: Comprises Computers, Smartphone, Laptops & Tablets, among others.
  • By Applications : Transpiration, BFSI, Data Exchange, and Healthcare among others.
  • By Types: Comprises Non-Auxiliary & Auxiliary.
  • By Regions: North America, Europe, APAC and Rest of the World.

Key players

Prominent players in the global NFC Market include NXP Semiconductors (Netherlands), Broadcom Corporation (US), SAMSUNG (South Korea), Intel Corporation (US), Qualcomm Inc. (US), ams AG (Austria), STMicroelectronics (Switzerland), Texas Instruments Incorporated (US), MStar Semiconductor, Inc. (Taiwan), Flomio, Inc. (US), among others.

Other players in the market includes Blue Bite LLC, HID Global Corporation, Cellotape Smart Products, Advanced Card Systems Holdings Limited, Thinfilm, Smartwhere, LLC., SMARTRAC N.V., among others

Near Field Communications Market – Regional Analysis

North America region dominates the Global NFC Market with the largest market share. Technical expertise rendered by existing key market players coupled with the growing demand for NFC due to the growing application areas such as contact less payment etc; drives the regional market growth. Besides contribution from the growing markets in the US & Canada due to the growing IT industry, supports the regional market growth.

While the second largest market for the Near Field Communications, Europe is showing steady growth owing to the high growth of financial sector and healthcare.

Asia-Pacific NFC market on the other hand is growing rapidly due to the growing manufacturing and BFSI sector mainly in India and China. Growing investments in the development of efficient NFC systems to meet the augmenting demand for the smart phones are paying off well driving the regional market growth. Also the presence of prominent market players in the region is supporting the regional market growth.

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FIGURE 1 Global Near Field Communication Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Global Near Field Communication Market

FIGURE 4 Value Chain Of Global Near Field Communication Market

FIGURE 5 Share Of Global Near Field Communication Market In 2017, By Country (In %)

FIGURE 6 Global Near Field Communication Market, 2018–2023

FIGURE 7 Sub-Segments Of Type

FIGURE 8 Global Near Field Communication Market Size, By Type, 2017

FIGURE 9 Share Of Global Near Field Communication Market, By Type, 2018 To 2023

FIGURE 10 Global Near Field Communication Market Size, By Device, 2017

FIGURE 11 Share Of Global Near Field Communication Market, By Device, 2018 To 2023

FIGURE 12 Global Near Field Communication Market Size, By Application, 2018 To 2023

FIGURE 13 Share Of Global Near Field Communication Market, By Application, 2018 To 2023


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