Near Field Communication (NFC) Market

Jun 2022| FMI1901A| Future Markets Insights

Report Highlights

NFC Market Overview

Near Field communication (NFC) is a wireless communication technology. NFC is a short range communication technique that allows devices to share information. NFC has emerged as an effective alternative to other short range communication technologies, such as Bluetooth and WiFi. In NFC technology, radio communication is established between devices by touching them simultaneously or by bringing them into proximity. Market share of NFC technology is growing rapidly because of increasing adoption of this technology into smartphones and smart cameras.

NFC Market Dynamics

NFC technology is gaining popularity because of its various advantages such as safety, versatility and convenience. NFC is much more secure for transaction than other techniques as it requires PIN and does not provide physical access of your credit card information to retailers. Versatility refers to a wide range of industrial applications of NFC. NFC is very convenient as it is easy to use and NFC enabled devices can be carried anywhere without much hassle. As stated earlier, NFC technology has wide range of application, such as contactless payments, information sharing, information reading from smart posters and also for providing authentication of information whenever required.

Global Near Field Communication (NFC) market share is expected to grow rapidly in the near future. Factors which are driving the growth of NFC market are increasing deployment of NFC in the booming smartphones and smart camera market, increase in contactless payments, improved user experience and reduction in size and cost of semiconductor chips. On the other hand, factors which are restraining the growth of NFC market are security concerns due to hacking of smartphones, PCs or tablets etc. devices, short range communication, strong competition to NFC from alternative payments methods, high development cost, and lack of consumer awareness about potential benefits of NFC technology. NFC technology is anticipated to be used in a host of applications in the future due to the increasing demand of online and in store payments in retail store, increasing demand of connectivity between devices for information and data sharing.

NFC Market Segmentation

Global NFC market is segmented on the basis of applications, product types and regions. On the basis of applications, the market is further sub segmented into broad range of applications, such as contactless payments, data sharing, infotainment, access control & authentication, medical & healthcare, transportation and others. Out of all these applications contactless payment application is expected to remain dominant throughout the forecasted period. This is mainly because of rising adoption of mobile wallet payments, improved financial transparency and public sector servicing. On the basis of product type, the market is further sub segmented into non-auxiliary and auxiliary products. Non- auxiliary products are further categorised as tags, readers and controller IC’s/Chips. Auxiliary products include micro SD cards, SIM cards and NFC enabled covers. Out of all these product types, NFC readers are projected to experiences high market growth during forecasted period, it is prominently because of emerging applications areas and increasing demand of NFC readers in authentication and access control applications.  On the basis of region, the global NFC market is sub-segmented into seven regions, North America, Latin America, Asia-Pacific (excluding Japan), Japan as a separate region, Western Europe, Eastern Europe and Middle East & Africa region. North America region is largest in terms of market share with USA leading the market. Asia Pacific region is expected to show high growth rate during forecasted period because of increasing awareness and adoption of NFC technology into retail and transportation. Followed by APAC, Europe region is also estimated to be promising market with countries such as Germany and U.K.

NFC Market: Key Players

Key players in the Global NFC market are Gemalto N.V., DeviceFidelity, Inc., Visa Inc., Broadcom Inc., STMicroelectronicsN.V., Toshiba Corporation, Samsung Electronics Co. Ltd., Identive Group, Inc., NXP Semiconductors, Infineon Technologies and On Track Innovations (OTI) Ltd. etc. These key players are focusing mainly on vertical integration activities and to gain competitive advantage players are also investing heavily on research & development activities to generate innovative technologies.

This research report presents a comprehensive assessment of the NFC market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

The report covers exhaustive analysis on:

  • NFC Market Segments
  • NFC Market Dynamics
  • Historical Actual Market Size, 2012 - 2014
  • NFC Market Size & Forecast 2015 to 2025
  • Supply & Demand Value Chain
  • NFC Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • NFC Market Drivers and Restraints

Regional analysis for NFC Market includes

  • North America
  • US & Canada
  • Latin America
  • Brazil, Argentina & Others
  • Western Europe
  • EU5
  • Nordics
  • Benelux
  • Eastern Europe
  • Asia Pacific
  • Australia and New Zealand (ANZ)
  • Greater China
  • India
  • ASEAN
  • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
  • GCC Countries
  • Other Middle East
  • North Africa
  • South Africa
  • Other Africa 

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. 

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2022-2032
Units considered $ Million
Segments covered By Component, By Application, By Industry, By Region, By Country
Industry covered Technology
Countries covered North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, Middle East and Africa
Companies studied
  • Gemalto N.V.
  • Identive Group, Inc.
  • DeviceFidelity, Inc.
  • Visa Inc.
  • Broadcom, Inc.
  • STMicroelectronics N.V.
  • Toshiba Corp.
  • Samsung Electronics Co. Ltd.
  • On Track Innovation Ltd.
  • NXP SemiconductorInfineon Technology

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics of the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
  • Must-have information for market players to sustain and enhance their market footprint
  • Table 1 : Global Market Value (US$ Mn) Forecast by Region, 2017-2032
  • Table 2 : Global Market Value (US$ Mn) Forecast by Component, 2017-2032
  • Table 3 : Global Market Value (US$ Mn) Forecast by Application, 2017-2032
  • Table 4 : Global Market Value (US$ Mn) Forecast by Industry, 2017-2032
  • Table 5 : North America Market Value (US$ Mn) Forecast by Country, 2017-2032
  • Table 6 : North America Market Value (US$ Mn) Forecast by Component, 2017-2032
  • Table 7 : North America Market Value (US$ Mn) Forecast by Application, 2017-2032
  • Table 8 : North America Market Value (US$ Mn) Forecast by Industry, 2017-2032
  • Table 9 : Latin America Market Value (US$ Mn) Forecast by Country, 2017-2032
  • Table 10 : Latin America Market Value (US$ Mn) Forecast by Component, 2017-2032
  • Table 11 : Latin America Market Value (US$ Mn) Forecast by Application, 2017-2032
  • Table 12 : Latin America Market Value (US$ Mn) Forecast by Industry, 2017-2032
  • Table 13 : Europe Market Value (US$ Mn) Forecast by Country, 2017-2032
  • Table 14 : Europe Market Value (US$ Mn) Forecast by Component, 2017-2032
  • Table 15 : Europe Market Value (US$ Mn) Forecast by Application, 2017-2032
  • Table 16 : Europe Market Value (US$ Mn) Forecast by Industry, 2017-2032
  • Table 17 : East Asia Market Value (US$ Mn) Forecast by Country, 2017-2032
  • Table 18 : East Asia Market Value (US$ Mn) Forecast by Component, 2017-2032
  • Table 19 : East Asia Market Value (US$ Mn) Forecast by Application, 2017-2032
  • Table 20 : East Asia Market Value (US$ Mn) Forecast by Industry, 2017-2032
  • Table 21 : South Asia & Pacific Market Value (US$ Mn) Forecast by Country, 2017-2032
  • Table 22 : South Asia & Pacific Market Value (US$ Mn) Forecast by Component, 2017-2032
  • Table 23 : South Asia & Pacific Market Value (US$ Mn) Forecast by Application, 2017-2032
  • Table 24 : South Asia & Pacific Market Value (US$ Mn) Forecast by Industry, 2017-2032
  • Table 25 : MEA Market Value (US$ Mn) Forecast by Country, 2017-2032
  • Table 26 : MEA Market Value (US$ Mn) Forecast by Component, 2017-2032
  • Table 27 : MEA Market Value (US$ Mn) Forecast by Application, 2017-2032
  • Table 28 : MEA Market Value (US$ Mn) Forecast by Industry, 2017-2032
  • Figure 1 : Global Market Value (US$ Mn) by Component, 2022-2032
  • Figure 2 : Global Market Value (US$ Mn) by Application, 2022-2032
  • Figure 3 : Global Market Value (US$ Mn) by Industry, 2022-2032
  • Figure 4 : Global Market Value (US$ Mn) by Region, 2022-2032
  • Figure 5 : Global Market Value (US$ Mn) Analysis by Region, 2017-2032
  • Figure 6 : Global Market Value Share (%) and BPS Analysis by Region, 2022-2032
  • Figure 7 : Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032
  • Figure 8 : Global Market Value (US$ Mn) Analysis by Component, 2017-2032
  • Figure 9 : Global Market Value Share (%) and BPS Analysis by Component, 2022-2032
  • Figure 10 : Global Market Y-o-Y Growth (%) Projections by Component, 2022-2032
  • Figure 11 : Global Market Value (US$ Mn) Analysis by Application, 2017-2032
  • Figure 12 : Global Market Value Share (%) and BPS Analysis by Application, 2022-2032
  • Figure 13 : Global Market Y-o-Y Growth (%) Projections by Application, 2022-2032
  • Figure 14 : Global Market Value (US$ Mn) Analysis by Industry, 2017-2032
  • Figure 15 : Global Market Value Share (%) and BPS Analysis by Industry, 2022-2032
  • Figure 16 : Global Market Y-o-Y Growth (%) Projections by Industry, 2022-2032
  • Figure 17 : Global Market Attractiveness by Component, 2022-2032
  • Figure 18 : Global Market Attractiveness by Application, 2022-2032
  • Figure 19 : Global Market Attractiveness by Industry, 2022-2032
  • Figure 20 : Global Market Attractiveness by Region, 2022-2032
  • Figure 21 : North America Market Value (US$ Mn) by Component, 2022-2032
  • Figure 22 : North America Market Value (US$ Mn) by Application, 2022-2032
  • Figure 23 : North America Market Value (US$ Mn) by Industry, 2022-2032
  • Figure 24 : North America Market Value (US$ Mn) by Country, 2022-2032
  • Figure 25 : North America Market Value (US$ Mn) Analysis by Country, 2017-2032
  • Figure 26 : North America Market Value Share (%) and BPS Analysis by Country, 2022-2032
  • Figure 27 : North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
  • Figure 28 : North America Market Value (US$ Mn) Analysis by Component, 2017-2032
  • Figure 29 : North America Market Value Share (%) and BPS Analysis by Component, 2022-2032
  • Figure 30 : North America Market Y-o-Y Growth (%) Projections by Component, 2022-2032
  • Figure 31 : North America Market Value (US$ Mn) Analysis by Application, 2017-2032
  • Figure 32 : North America Market Value Share (%) and BPS Analysis by Application, 2022-2032
  • Figure 33 : North America Market Y-o-Y Growth (%) Projections by Application, 2022-2032
  • Figure 34 : North America Market Value (US$ Mn) Analysis by Industry, 2017-2032
  • Figure 35 : North America Market Value Share (%) and BPS Analysis by Industry, 2022-2032
  • Figure 36 : North America Market Y-o-Y Growth (%) Projections by Industry, 2022-2032
  • Figure 37 : North America Market Attractiveness by Component, 2022-2032
  • Figure 38 : North America Market Attractiveness by Application, 2022-2032
  • Figure 39 : North America Market Attractiveness by Industry, 2022-2032
  • Figure 40 : North America Market Attractiveness by Country, 2022-2032
  • Figure 41 : Latin America Market Value (US$ Mn) by Component, 2022-2032
  • Figure 42 : Latin America Market Value (US$ Mn) by Application, 2022-2032
  • Figure 43 : Latin America Market Value (US$ Mn) by Industry, 2022-2032
  • Figure 44 : Latin America Market Value (US$ Mn) by Country, 2022-2032
  • Figure 45 : Latin America Market Value (US$ Mn) Analysis by Country, 2017-2032
  • Figure 46 : Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032
  • Figure 47 : Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
  • Figure 48 : Latin America Market Value (US$ Mn) Analysis by Component, 2017-2032
  • Figure 49 : Latin America Market Value Share (%) and BPS Analysis by Component, 2022-2032
  • Figure 50 : Latin America Market Y-o-Y Growth (%) Projections by Component, 2022-2032
  • Figure 51 : Latin America Market Value (US$ Mn) Analysis by Application, 2017-2032
  • Figure 52 : Latin America Market Value Share (%) and BPS Analysis by Application, 2022-2032
  • Figure 53 : Latin America Market Y-o-Y Growth (%) Projections by Application, 2022-2032
  • Figure 54 : Latin America Market Value (US$ Mn) Analysis by Industry, 2017-2032
  • Figure 55 : Latin America Market Value Share (%) and BPS Analysis by Industry, 2022-2032
  • Figure 56 : Latin America Market Y-o-Y Growth (%) Projections by Industry, 2022-2032
  • Figure 57 : Latin America Market Attractiveness by Component, 2022-2032
  • Figure 58 : Latin America Market Attractiveness by Application, 2022-2032
  • Figure 59 : Latin America Market Attractiveness by Industry, 2022-2032
  • Figure 60 : Latin America Market Attractiveness by Country, 2022-2032
  • Figure 61 : Europe Market Value (US$ Mn) by Component, 2022-2032
  • Figure 62 : Europe Market Value (US$ Mn) by Application, 2022-2032
  • Figure 63 : Europe Market Value (US$ Mn) by Industry, 2022-2032
  • Figure 64 : Europe Market Value (US$ Mn) by Country, 2022-2032
  • Figure 65 : Europe Market Value (US$ Mn) Analysis by Country, 2017-2032
  • Figure 66 : Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032
  • Figure 67 : Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032
  • Figure 68 : Europe Market Value (US$ Mn) Analysis by Component, 2017-2032
  • Figure 69 : Europe Market Value Share (%) and BPS Analysis by Component, 2022-2032
  • Figure 70 : Europe Market Y-o-Y Growth (%) Projections by Component, 2022-2032
  • Figure 71 : Europe Market Value (US$ Mn) Analysis by Application, 2017-2032
  • Figure 72 : Europe Market Value Share (%) and BPS Analysis by Application, 2022-2032
  • Figure 73 : Europe Market Y-o-Y Growth (%) Projections by Application, 2022-2032
  • Figure 74 : Europe Market Value (US$ Mn) Analysis by Industry, 2017-2032
  • Figure 75 : Europe Market Value Share (%) and BPS Analysis by Industry, 2022-2032
  • Figure 76 : Europe Market Y-o-Y Growth (%) Projections by Industry, 2022-2032
  • Figure 77 : Europe Market Attractiveness by Component, 2022-2032
  • Figure 78 : Europe Market Attractiveness by Application, 2022-2032
  • Figure 79 : Europe Market Attractiveness by Industry, 2022-2032
  • Figure 80 : Europe Market Attractiveness by Country, 2022-2032
  • Figure 81 : East Asia Market Value (US$ Mn) by Component, 2022-2032
  • Figure 82 : East Asia Market Value (US$ Mn) by Application, 2022-2032
  • Figure 83 : East Asia Market Value (US$ Mn) by Industry, 2022-2032
  • Figure 84 : East Asia Market Value (US$ Mn) by Country, 2022-2032
  • Figure 85 : East Asia Market Value (US$ Mn) Analysis by Country, 2017-2032
  • Figure 86 : East Asia Market Value Share (%) and BPS Analysis by Country, 2022-2032
  • Figure 87 : East Asia Market Y-o-Y Growth (%) Projections by Country, 2022-2032
  • Figure 88 : East Asia Market Value (US$ Mn) Analysis by Component, 2017-2032
  • Figure 89 : East Asia Market Value Share (%) and BPS Analysis by Component, 2022-2032
  • Figure 90 : East Asia Market Y-o-Y Growth (%) Projections by Component, 2022-2032
  • Figure 91 : East Asia Market Value (US$ Mn) Analysis by Application, 2017-2032
  • Figure 92 : East Asia Market Value Share (%) and BPS Analysis by Application, 2022-2032
  • Figure 93 : East Asia Market Y-o-Y Growth (%) Projections by Application, 2022-2032
  • Figure 94 : East Asia Market Value (US$ Mn) Analysis by Industry, 2017-2032
  • Figure 95 : East Asia Market Value Share (%) and BPS Analysis by Industry, 2022-2032
  • Figure 96 : East Asia Market Y-o-Y Growth (%) Projections by Industry, 2022-2032
  • Figure 97 : East Asia Market Attractiveness by Component, 2022-2032
  • Figure 98 : East Asia Market Attractiveness by Application, 2022-2032
  • Figure 99 : East Asia Market Attractiveness by Industry, 2022-2032
  • Figure 100 : East Asia Market Attractiveness by Country, 2022-2032
  • Figure 101 : South Asia & Pacific Market Value (US$ Mn) by Component, 2022-2032
  • Figure 102 : South Asia & Pacific Market Value (US$ Mn) by Application, 2022-2032
  • Figure 103 : South Asia & Pacific Market Value (US$ Mn) by Industry, 2022-2032
  • Figure 104 : South Asia & Pacific Market Value (US$ Mn) by Country, 2022-2032
  • Figure 105 : South Asia & Pacific Market Value (US$ Mn) Analysis by Country, 2017-2032
  • Figure 106 : South Asia & Pacific Market Value Share (%) and BPS Analysis by Country, 2022-2032
  • Figure 107 : South Asia & Pacific Market Y-o-Y Growth (%) Projections by Country, 2022-2032
  • Figure 108 : South Asia & Pacific Market Value (US$ Mn) Analysis by Component, 2017-2032
  • Figure 109 : South Asia & Pacific Market Value Share (%) and BPS Analysis by Component, 2022-2032
  • Figure 110 : South Asia & Pacific Market Y-o-Y Growth (%) Projections by Component, 2022-2032
  • Figure 111 : South Asia & Pacific Market Value (US$ Mn) Analysis by Application, 2017-2032
  • Figure 112 : South Asia & Pacific Market Value Share (%) and BPS Analysis by Application, 2022-2032
  • Figure 113 : South Asia & Pacific Market Y-o-Y Growth (%) Projections by Application, 2022-2032
  • Figure 114 : South Asia & Pacific Market Value (US$ Mn) Analysis by Industry, 2017-2032
  • Figure 115 : South Asia & Pacific Market Value Share (%) and BPS Analysis by Industry, 2022-2032
  • Figure 116 : South Asia & Pacific Market Y-o-Y Growth (%) Projections by Industry, 2022-2032
  • Figure 117 : South Asia & Pacific Market Attractiveness by Component, 2022-2032
  • Figure 118 : South Asia & Pacific Market Attractiveness by Application, 2022-2032
  • Figure 119 : South Asia & Pacific Market Attractiveness by Industry, 2022-2032
  • Figure 120 : South Asia & Pacific Market Attractiveness by Country, 2022-2032
  • Figure 121 : MEA Market Value (US$ Mn) by Component, 2022-2032
  • Figure 122 : MEA Market Value (US$ Mn) by Application, 2022-2032
  • Figure 123 : MEA Market Value (US$ Mn) by Industry, 2022-2032
  • Figure 124 : MEA Market Value (US$ Mn) by Country, 2022-2032
  • Figure 125 : MEA Market Value (US$ Mn) Analysis by Country, 2017-2032
  • Figure 126 : MEA Market Value Share (%) and BPS Analysis by Country, 2022-2032
  • Figure 127 : MEA Market Y-o-Y Growth (%) Projections by Country, 2022-2032
  • Figure 128 : MEA Market Value (US$ Mn) Analysis by Component, 2017-2032
  • Figure 129 : MEA Market Value Share (%) and BPS Analysis by Component, 2022-2032
  • Figure 130 : MEA Market Y-o-Y Growth (%) Projections by Component, 2022-2032
  • Figure 131 : MEA Market Value (US$ Mn) Analysis by Application, 2017-2032
  • Figure 132 : MEA Market Value Share (%) and BPS Analysis by Application, 2022-2032
  • Figure 133 : MEA Market Y-o-Y Growth (%) Projections by Application, 2022-2032
  • Figure 134 : MEA Market Value (US$ Mn) Analysis by Industry, 2017-2032
  • Figure 135 : MEA Market Value Share (%) and BPS Analysis by Industry, 2022-2032
  • Figure 136 : MEA Market Y-o-Y Growth (%) Projections by Industry, 2022-2032
  • Figure 137 : MEA Market Attractiveness by Component, 2022-2032
  • Figure 138 : MEA Market Attractiveness by Application, 2022-2032
  • Figure 139 : MEA Market Attractiveness by Industry, 2022-2032
  • Figure 140 : MEA Market Attractiveness by Country, 2022-2032

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