Near Field Communication Market to Discern Steadfast Expansion During 2021 – 2032

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by vandana manturgekar on May 23, 2023

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The global Near-Field Communication (NFC) market size is expected to reach USD 87.53 Billion in 2032 and register a steady revenue CAGR of 14.2% during the forecast period, according to the latest analysis by Emergen Research. Increasing adoption of wearable technology is a major factor driving revenue growth of the market. Activity trackers in the sporting goods sector as well as companies that provide high-end fashion accessories are driving expansion of wearable technology. Near Field Communication (NFC) and wireless charging technology are rapidly being incorporated with built-in connectivity technologies such as Wi-Fi and Bluetooth in wristbands. NFC is used to make contactless payments utilizing EMVCo-compatible technology. Undoubtedly, it is convenient to be able to make purchases without having to take out one's wallet or to go for a run without having to bring a phone or wallet. Wearables are increasingly using wireless charging. These devices batteries need to be often recharged. The ability to wirelessly charge the device is innovative for the wearable sector since it eliminates the need to bring a charger or go home.

The report demonstrates the progress and advancement achieved by the global Near Field Communication market, including the historical analysis and progress through forecast years. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals. The report provides an accurate estimation by applying SWOT analysis and Porter’s Five Forces analysis. The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market.

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Key companies operating in the Near Field Communication market include:

NXP Semiconductors, Broadcom, Qualcomm Technologies, Inc., Texas Instruments Incorporated, STMicroelectronics, Samsung, Renesas Electronics Corporation, Intel Corporation, Toshiba Corporation, and ams-OSRAM AG

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Near Field Communication market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Near Field Communication Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
Comprehensive analysis of the competitive scenario and its changing dynamics

For more informative information, please visit us @https://www.emergenresearch.com/industry-report/near-field-communication-market

Near Field Communication Market Segmentation:

Device Operating Mode Outlook (Revenue, USD Million; 2019–2032)
- Reader Emulation
- Peer-to-Peer
- Card Emulation

Offering Outlook (Revenue, USD Million; 2019–2032)
- Non-Auxiliary Products
  1. NFC ICS & Antennas
  2. NFC Tags
  3. NFC Readers
- Auxiliary Products
  1. NFC Micro SD Cards
  2. NFC Covers
- Software

Application Outlook (Revenue, USD Million; 2019–2032)
- Retail
  1. Product Identification
  2. Transaction
- Transportation
  1. Ticketing
  2. Access Control
- Automotive
  1. Low-End
  2. Mid-Range
  3. High-End
- Residential & Commercial
  1. Physical Access
  2. Time& Attendance
  3. Automated Locking System
  4. Smart Lighting
- Medical & Healthcare
  1. Medical Devices
  2. Access Control
- Consumer Electronics
  1. Wearable Devices
  2. Mobile Phones/Tablets
  3. Laptops/Personal Computers
  4. Cameras
  5. Printers
  6. Gaming Devices
  7. Others
- Banking & Finance
  1. E-Money Services (POS Machines)
  2. Multiforex Cards
- Hospitality
  1. Access Control
  2. Transaction
- Others
  1. Education
  2. Government

Near Field Communication Market Segmentation by Regions:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

More Related Reports By Emergen Research

Near Field Communication Market Research Report and Forecast to 2027 is an investigative report providing an extensive study of the global Near Field Communication market with regards to market size, market share, current and emerging trends, and latest technological developments. The report also sheds light on the competitive landscape of the Near Field Communication market on the global and regional scale, along with a thorough forecast estimation to 2027. The new report is updated with the impact of the COVID-19 pandemic on the Near Field Communication market. It analyzes the impact of the pandemic with regards to economic landscape and government regulations in each region.

Get a sample of the report from @https://www.emergenresearch.com/request-sample/1688

Key companies profiled in the report include:

Key Questions Answered by the Report:

What are the key strategies adopted by the prominent players in the Near Field Communication market?

What are the key product types and applications of the Near Field Communication industry?

What is the outcome of SWOT analysis and Porter’s Five Forces analysis?

How is the competitive landscape of the Near Field Communication market?

Who are the key players in the industry?

What is the growth rate of the industry over the coming years?

What will be the valuation of the Near Field Communication Market by 2027?

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements occurring in the market?

Click to access the Report Study, read key highlights of the Report and Look at Projected Trends:https://www.emergenresearch.com/industry-report/near-field-communication-market

Market Segmentation

Device Operating Mode Outlook (Revenue, USD Million; 2019–2032)
- Reader Emulation
- Peer-to-Peer
- Card Emulation

Offering Outlook (Revenue, USD Million; 2019–2032)
- Non-Auxiliary Products
  1. NFC ICS & Antennas
  2. NFC Tags
  3. NFC Readers
- Auxiliary Products
  1. NFC Micro SD Cards
  2. NFC Covers
- Software

Application Outlook (Revenue, USD Million; 2019–2032)
- Retail
  1. Product Identification
  2. Transaction
- Transportation
  1. Ticketing
  2. Access Control
- Automotive
  1. Low-End
  2. Mid-Range
  3. High-End
- Residential & Commercial
  1. Physical Access
  2. Time& Attendance
  3. Automated Locking System
  4. Smart Lighting
- Medical & Healthcare
  1. Medical Devices
  2. Access Control
- Consumer Electronics
  1. Wearable Devices
  2. Mobile Phones/Tablets
  3. Laptops/Personal Computers
  4. Cameras
  5. Printers
  6. Gaming Devices
  7. Others
- Banking & Finance
  1. E-Money Services (POS Machines)
  2. Multiforex Cards
- Hospitality
  1. Access Control
  2. Transaction
- Others
  1. Education
  2. Government

Regional Analysis:

Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.

Enquire for customization in Report @:https://www.emergenresearch.com/request-for-customization/1688

ToC of the report:

Chapter 1: Market overview and scope

Chapter 2: Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Market segmentation based on type applications

Chapter 9: Current and Future Trends

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.