HOME Top Market Reports Near Field Communication (NFC) Market by Product (IC/Chips, Tags, Readers, and Auxiliary), Application (Payment, Transportation, Booking, Data Sharing, Service, Access Control, Health Care, and Tag applications) & by Geography - Global Forecasts to 2022

Near Field Communication (NFC) Market by Product (IC/Chips, Tags, Readers, and Auxiliary), Application (Payment, Transportation, Booking, Data Sharing, Service, Access Control, Health Care, and Tag applications) & by Geography - Global Forecasts to 2022

By: marketsandmarkets.com
Publishing Date: June 2014
Report Code: SE 2555

 

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Near Field Communication (NFC) is a short range contactless communication medium between devices that can transmit and receive information. NFC technology is growing in the market as many smartphone manufacturers are integrating NFC service in their device for faster communication. A wide range of applications include payment, booking, and data sharing has made this technology attractive and enhanced the scope of implementation of this feature in many devices.

It is important to recognize the role played by NFC as a growing technology.  The most obvious benefit of NFC and the contactless payment systems it creates is its ease of use. NFC has enabled the facility of not carrying multiple cards and money for making payments, just a tap to run all the transactions. The most important aspect of this technology is its versatility as it is not only used for making payments but also for data sharing, reading information from smart posters, and providing authentication wherever required.

The report has been segmented in three verticals- products, applications and geography. The product segment caters chips, tags, readers, and auxiliary products, which include micro SD card, integrated SIM card, and mobile covers. The application segment is divided into eight major types of applications, namely- payment, transportation, booking, data sharing, service, access control, healthcare, and tag applications. The geography segment includes Americas, Europe, Asia-Pacific (APAC), and the Rest of the World (ROW).

This supply chain is of critical importance to the industry. Indeed, it is well-known that SMEs, alongside academia, generate a large proportion of novel innovative technologies. The major players in this field include Broadcom (U.S.), Inside Secure (France), Infineon Technologies (Germany), Gemalto (Netherlands), NXP Semiconductors (Netherlands), Renesas (Japan), Samsung Electronics (South Korea), Sony Corporation (Japan), STMicroelectronics (U.S.), Texas Instruments (U.S.).

This report is focused on giving a detailed view of the complete NFC technology with regards to the products and application market with detailed market segmentations; combined with qualitative analysis at each and every aspect of the classifications done by technology, products, auxiliary products application verticals (sectors), sub- applications, and geography. All the numbers, both –in terms of the revenue and volume, at every level of detail, are forecast till 2022 to give a glimpse of the potential revenue base in the NFC market. A detailed competitive analysis, market share analysis has been done for the NFC market.

In this report, the NFC market has been segmented into the following categories:

• Market by Product- Chips, tags, micro SD Card, integrated SIM card, readers, and covers

•Market by Application- Payment, transportation, booking, data sharing, service, access control, and tag applications

• Market by Geography- Americas, Europe, Asia-Pacific (APAC), and the Rest of the World (ROW)

Table Of Contents 
 
1 Introduction (Page No. - 21)
  1.1 Objectives Of The Study
  1.2 Report Description
  1.3 Markets Covered
      1.3.1 Monetary Chain
  1.4 Stakeholders
  1.5 Report Assumptions
      1.5.1 General Assumptions
      1.5.2 Report Assumptions
  1.6 Research Methodology
      1.6.1 Market Size
      1.6.2 Market Crack Down And Data Triangulation
      1.6.3 Key Data From Secondary Sources
      1.6.4 Key Data From Primary Sources
      1.6.5 List Of Companies Covered During The Report

2 Executive Summary (Page No. - 34)
  2.1 Introduction
  2.2 Synopsis
 
3 Cover Story (Page No. - 41)

4 Market Overview (Page No. - 44)
  4.1 Evolution Of Nfc System
  4.2 Nfc Market Segmentation
  4.3 Industry Lifecycle
  4.4 Price Trends In Nfc Market
  4.5 Comparision Of Nfc With Other Wireless Technologies
      4.5.1 Bluetooth
      4.5.2 Wi-Fi
      4.5.3 Wimax
      4.5.4 Gsm
  4.6 Nfc Standards
  4.7 Nfc Usage
      4.7.1 Gsma
      4.7.2 Store Logistics And Payment (Stolpan)
  4.8 Emerging Trends In Near Field Communication Market
 
5 Market Analysis (Page No. - 62)
  5.1 Market Dynamics
      5.1.1 Driver
            5.1.1.1 Adoption Of Smart Home Appliances And Smart Healthcare Services
            5.1.1.2 Emerging Trend Of Mobile Commerce
            5.1.1.3 Enhanced User Experience And Trust Amongst Contactless Card Technologies
            5.1.1.4 Growth In Production Of Nfc-Enabled Mobile Phones
            5.1.1.5 Use Of Cost Effective, Small In Size, And Power Efficient Element Silicon In Chips
      5.1.2 Restraints
            5.1.2.1 Short Range Communication
            5.1.2.2 Indifference And Disputes Between Key Players In The Value Chain
            5.1.2.3 Only Proprietary Standards
      5.1.3 Opportunities
            5.1.3.1 Integrated Ic Supporting Nfc, Bluetooth, And Wi-Fi
            5.1.3.2 Online And In-Store Payment In Retail
            5.1.3.3 Growing Need Of Connectivity Between Different Devices
      5.1.4 Burning Issues
            5.1.4.1 Lack Of Consumer Awareness
            5.1.4.2 Need Of Intermediaries Gateway For Mobile Payment (Not An End-To-End Technology)
      5.1.5 Winning Imperatives
            5.1.5.1 Innovation In Payment Methods In Emerging Economies
            5.1.5.2 Strategic Coalition Across Value Chain
  5.2 Porter’s Five Forces Model
      5.2.1 Threat Of New Entrants
      5.2.2 Threat Of Substitutes
      5.2.3 Supplier's Bargaining Power
      5.2.4 Buyer's Bargaining Power
      5.2.5 Degree Of Competition
  5.3 Value Chain Analysis
      5.3.1 Nfc Equipment
      5.3.2 Mobile Phone (Smartphone)
      5.3.3 Telecom Operator
      5.3.4 Mobile Payment Gateway/Trusted Service Managers
      5.3.5 Bank/Credit Card (Company)

6 Technology (Page No. - 82)
  6.1 Introduction
  6.2 Modes Of Operation In Nfc
      6.2.1 Card Emulation
      6.2.2 Reader Emulation
      6.2.3 Peer-To-Peer

7 Products Market (Page No. - 89)
  7.1 Introduction
  7.2 Non-Auxiliary Products
      7.2.1 Nfc Ic/Chips
      7.2.2 Nfc Tags
      7.2.3 Nfc Readers
  7.3 Auxiliary Products
      7.3.1 Nfc Micro Sd Cards
      7.3.2 Nfc Sim/Uicc Cards
      7.3.3 Nfc Covers

8 Applications Market (Page No. - 116)
  8.1 Introduction
  8.2 Payment (Transaction)
      8.2.1 Market Dynamics
            8.2.1.1 Drivers
                    8.2.1.1.1 Need Of Quick And Error Free Operation In Business
                    8.2.1.1.2 Secure Money Transaction In Business
                    8.2.1.1.3 Reduced Time Consumption
            8.2.1.2 Restraints
                    8.2.1.2.1 Consumer Ignorance And Indifference Regarding The Nfc Technology
                    8.2.1.2.2 Underdeveloped Point Of Sales (Pos) Infrastructure
            8.2.1.3 Opportunities
                    8.2.1.3.1 Growth In The Retail Sector
                    8.2.1.3.2 Adoption Of Nfc Technology In Pc/Laptop Market
      8.2.2 Peer-To-Peer
      8.2.3 Retail
            8.2.3.1 Mobile Commerce/Online Payment/Banking
            8.2.3.2 Point Of Sale
  8.3 Transportation
      8.3.1 Market Dynamics
            8.3.1.1 Drivers
                    8.3.1.1.1 Growing Trend Of Cashless Payment
                    8.3.1.1.2 Very Reliable Technology
            8.3.1.2 Restraints
                    8.3.1.2.1 Uncertainty Regarding The Proper Usage Of The Technology
            8.3.1.3 Opportunities
                    8.3.1.3.1 Growing Air-Traffic And Usage Of E-Ticket
      8.3.2 Rail, Metro, And Bus Tickets
      8.3.3 Airline Tickets & Boarding Passes
            8.3.3.1 Passenger Check-In
            8.3.3.2 Baggage Check-In
  8.4 Booking
      8.4.1 Market Dynamics
            8.4.1.1 Drivers
                    8.4.1.1.1 Replacement Of Old Technology
            8.4.1.2 Restraints
                    8.4.1.2.1 Secure Data Transfer
            8.4.1.3 Opportunities
                    8.4.1.3.1 Utilization Of Nfc In The Healthcare Segment
      8.4.2 Taxi/Cab
      8.4.3 Hotel
      8.4.4 Entertainment & Events
  8.5 Data Sharing
      8.5.1 Market Dynamics
            8.5.1.1 Drivers
                    8.5.1.1.1 Growing Trend Of Social Networking
                    8.5.1.1.2 Selective Branding Only For Potential Customers
            8.5.1.2 Restraints
                    8.5.1.2.1 Limited Storage Capacity In Nfc Tags
      8.5.2 Social Networking
      8.5.3 Download/Sharing (Music, Games, And Applications)
  8.6 Service
      8.6.1 Market Dynamics
            8.6.1.1 Drivers
                    8.6.1.1.1 Spontaneous Buying Nature Of Customers
            8.6.1.2 Restraints
                    8.6.1.2.1 Safety Of Smart Posters
      8.6.2 Identification
      8.6.3 Loyalty – Memberships
      8.6.4 Smart Advertisement/Smart Posters
  8.7 Access Control
      8.7.1 Market Dynamics
            8.7.1.1 Drivers
                    8.7.1.1.1 Acceptance Of Keyless Access
            8.7.1.2 Restraints
                    8.7.1.2.1 Lack Of Trust Regarding Technology Among The Users
      8.7.2 Physical Access
      8.7.3 Time & Attendance
  8.8 Nfc In Healthcare
      8.8.1 Market Dynamics
            8.8.1.1 Drivers
                    8.8.1.1.1 Rising Number Of Players In Nfc Healthcare Space
                    8.8.1.1.2 Increasing Shipments Of Nfc-Enabled Smart Phones
                    8.8.1.1.3 Government Support For Implementation Of Nfc
            8.8.1.2 Restraints
                    8.8.1.2.1 Short Data Transmission Range And Low Operational Speed
                    8.8.1.2.2 Limited Awareness Of Nfc
            8.8.1.3 Opportunities
                    8.8.1.3.1 Privacy And Data Security
      8.8.2 Pharmaceuticals & Biotech
      8.8.3 Medical Devices
            8.8.3.1 Patient Monitoring
            8.8.3.2 Medical Imaging
            8.8.3.3 Medical Implants
      8.8.4 Hospitals
      8.8.5 Nfc Tag Applications
      8.8.6 Nfc Tag Types
      8.8.7 Market Dynamics
            8.8.7.1 Drivers
                    8.8.7.1.1 Easy To Use
                    8.8.7.1.2 To Facilitate Easy Way Of Communication
                    8.8.7.1.3 Best Customer Satisfaction
            8.8.7.2 Restraints
                    8.8.7.2.1 Security To Smart Poster Tag Located In Public Places
                    8.8.7.2.2 Environmental Malicious Threats
            8.8.7.3 Opportunities
                    8.8.7.3.1 At Airports For Efficient Handling Of Baggage
                    8.8.7.3.2 Control Of Home Automation System With Nfc Tags
      8.8.8 Nfc Tag Applications
      8.8.9 Non-Payment
      8.8.10 Infotainment
      8.8.11 Smart Advertisement
      8.8.12 Check-In (Access Control/Physical Access)

9 Geographic Analysis (Page No. - 171)
  9.1 Introduction
  9.2 Americas
      9.2.1 North America
            9.2.1.1 U.S.
            9.2.1.2 Canada
            9.2.1.3 Mexico
      9.2.2 South America
  9.3 Europe
      9.3.1 U.K.
      9.3.2 Germany
      9.3.3 France
      9.3.4 Italy
      9.3.5 Rest Of Europe
  9.4 Asia-Pacific
      9.4.1 Japan
      9.4.2 South Korea
      9.4.3 China
      9.4.4 India
  9.5 Rest Of The World

10 Competitive Landscape (Page No. - 204)
   10.1 Introduction
   10.2 Key Growth Strategies
   10.3 Competitive Analysis
        10.3.1 Leading Market Players
        10.3.2 New Product Development
        10.3.3 Partnership/Contract/Agreement And Joint-Ventures
        10.3.4 Mergers And Acquisition
        10.3.5 Contracts & Awards

11 Company Profiles (Overview, Products And Services, Financials, Strategy & Development)* (Page No. - 224)
   11.1 Broadcom Corp
   11.2 Gemalto Nv
   11.3 Huawei Technologies Co. Ltd
   11.4 Infineon Technologies Ag
   11.5 Inside Secure
   11.6 Mediatek Inc.
   11.7 Nxp Semiconductors
   11.8 Renesas Electronics Corp.
   11.9 Samsung Electronics Co. Ltd.
   11.10 St Microelectronics N.V
   11.11 Texas Instruments 
 
  
List Of Tables (74 Tables)   
  
Table 1 General Assumptions Considered In This Report
Table 2 Year-Wise & Forecast Assumptions For Nfc Market
Table 3 Base Year Assumptions
Table 4 Elite Players Covered During The Study
Table 5 Global Nfc Market Size, By Technical Mode, 2013–2022 ($Million) 
Table 6 Nfc Market Size, By Product Type, 2013–2022 ($Million)
Table 7 Nfc Market Size, By Application, 2013–2022 ($Million)
Table 8 Nfc Market Size, By End-Product Type, 2013–2022 ($Million)
Table 9 Global Nfc Market Size, By Geography, 2013–2022 ($Million)
Table 10 Wireless Communication Technology Comparison Table
Table 11 Wireless Communication Operational Comparison Table
Table 12 Comparison Of Various Nfc Standards
Table 13 Impact Analysis
Table 14 Impact Analysis
Table 15 Impact Analysis
Table 16 Nfc Card Emulation Market Size, By Product, 2013–2022 ($Million) 
Table 17 Nfc Reader Emulation Market Size, By Product, 2013–2022 ($Million) 
Table 18 Nfc Peer-To-Peer Market Size, By Geography, 2013–2022 ($Million) 
Table 19 Global Nfc Market Size, By Product, 2013–2022 ($Million)
Table 20 Nfc Ic/Chip Market Size, By Technical Modes, 2013–2022 ($Million) 
Table 21 Nfc Chip/Ic Market Size, By Application, 2013–2022 ($Million)
Table 22 Nfc Chip/Ic Market Size, By Geography, 2013–2022 ($Million)
Table 23 Nfc Tag Market Size, By Application, 2013–2022 ($Million)
Table 24 Nfc Tag Market Size, By Geography, 2013–2022 ($Million)
Table 25 Nfc Reader Market Size, By Application, 2013–2022 ($Million)
Table 26 Nfc Reader Market Size, By Geography, 2013–2022 ($Million)
Table 27 Nfc Micro Sd Market Size, By Technical Modes, 2013–2022 ($Million) 
Table 28 Nfc Micro Sd Market Size, By Application, 2013–2022 ($Million) 
Table 29 Nfc Micro Sd Market Size, By Geography, 2013–2022 ($Million)
Table 30 Nfc Sim Market Size, By Techical Modes, 2013–2022 ($Million)
Table 31 Nfc Sim Market Size, By Application, 2013–2022 ($Million)
Table 32 Nfc Sim Market Size, By Geography, 2013–2022 ($Million)
Table 33 Nfc Cover Market Size, By Technical Modes, 2013–2022 ($Million) 
Table 34 Nfc Cover Market Size, By Application, 2013–2022 ($Million)
Table 35 Nfc Cover Market Size, By Geography, 2013–2022 ($Million)
Table 36 Nfc Payment (Transaction) Application Market Size, By Product, 2013–2022 ($Million) 
Table 37 Nfc Payment (Transaction) Application Market Size, By Geography, 2013–2022 ($Million) 
Table 38 Nfc Transportation/Logistics Application Market Size, By Product, 2013–2022 ($Million) 
Table 39 Nfc Transportation/Logistics Application Market Size, By Geography, 2013–2022 ($Million) 
Table 40 Nfc Booking Application Market Size, By Product, 2013–2022 ($Million) 
Table 41 Nfc Booking Application Market Size, By Geography, 2013–2022 ($Million) 
Table 42 Nfc Service Applications Market Size, By Product, 2013–2022 ($Million) 
Table 43 Nfc Service Applications Market Size , By Geography, 2013–2022 ($Million) 
Table 44 Nfc Access Control Applications Market Size, By Product, 2013–2022 ($Million)
Table 45 Nfc Access Control Applications Market Size, By Geography, 2013–2022 ($Million)
Table 46 Nfc Devices Description Used In Hospitals
Table 47 Nfc Healthcare Applications Market Size, By Product, 2013–2022 ($Million) 
Table 48 Nfc Healthcare Applications Market Size ,By Geography, 2013–2022 ($Million)
Table 49 Nfc Tag: Non-Payment Application Market Size, By Geography, 2013–2022 ($Million)
Table 50 Nfc Tag: Infotainment Application Market Size, By Geography, 2013–2022 ($Million)
Table 51 Nfc Tag: Smart Poster Application Market Size, By Geography, 2013–2022 ($Million)
Table 52 Nfc Tag: Check–In Application Market Size, By Geography, 2013–2022 ($Million)
Table 53 Americas: Nfc Market Size, By Geography, 2013–2022 ($Million) 
Table 54 Americas: Nfc Market Size, By Product, 2013 – 2022 ($Million)
Table 55 Americas: Nfc Market Size, By Application, 2013–2022 ($Million) 
Table 56 Americas Nfc Tag Market Size, By Application, 2013–2022 ($Million) 
Table 57 North America: Nfc Products Market Size, By Country 2013 –2022 ($Million) 
Table 58 North America: Nfc Market Size, By Product, 2013 – 2022 ($Million) 
Table 59 North America: Nfc Market Size, By Application, 2013–2022 ($Million) 
Table 60 South America: Nfc Market Size, By Product, 2013 – 2022 ($Million) 
Table 61 South America: Nfc Market Size, By Application, 2013–2022 ($Million) 
Table 62 Europe: Nfc Market Size, By Country, 2013–2022 ($Million)
Table 63 Europe: Nfc Market Size, By Product, 2013–2022 ($Million)
Table 64 Europe: Nfc Market Size, By Application, 2013–2022 ($Million)
Table 65 Europe Nfc Tag Market Size, By Application, 2013–2022 ($Million) 
Table 66 Apac: Nfc Market Size, By Country, 2013 – 2022 ($Million)
Table 67 Apac: Nfc Market Size , By Product, 2013 – 2022 ($Million)
Table 68 Apac: Nfc Market Size , By Application, 2013–2022 ($Million)
Table 69 Row: Nfc Market Size, By Product, 2013 – 2022 ($Million)
Table 70 Row: Nfc Market Size, By Application, 2013–2022 ($Million)
Table 71 Top 5 Players: Nfc Market–2013
Table 72 New Product Development Strategy In Nfc Market
Table 73 Mergers And Acquisitions In Nfc Market
Table 74 Contracts & Awards In The Nfc Market
 
 
List Of Figures  (102 Figures)  

Figure 1 Market Segmentation Of Nfc
Figure 2 Nfc Industry Monetary Chain
Figure 3 Research Methodology For Nfc Market
Figure 4 Market Size Estimation Methodology
Figure 5 Market Crackdown And Data Triangulation For Nfc Market
Figure 6 Evolution Of Nfc Technology
Figure 7 Nfc Market Segmentation
Figure 8 Nfc Market Segmentation, By Product
Figure 9 Nfc Market Segmentation, By Application
Figure 10 Nfc Market Segmentation, By Technology
Figure 11 Nfc Market Segmentation, By Geography
Figure 12 Nfc Industry Lifecycle, 2009 - 2022
Figure 13 Price Trend For Nfc Products, 2010–2016
Figure 14 Comparison Of Coverage Area For Different Wireless Communication Technologies
Figure 15 Nfc Standards
Figure 16 Nfc Standards Relationship Matrix
Figure 17 Nfc Mobile Payment System
Figure 18 Nfc Data Transfer System
Figure 19 Inside Secure, Intel, And Mastercard Alliance
Figure 20 Stakeholder’s Structure, Isis Mobile Wallet
Figure 21 Porter’s Five Forces Model Analysis For Nfc Market - 2013
Figure 22 Threat Of New Entrants In The Nfc Market– 2013
Figure 23 Threat Of Substitutes In The Nfc Market – 2013
Figure 24 Supplier's Bargaining Power In The Nfc Market – 2013
Figure 25 Buyer's Bargaining Power In The Nfc Market– 2013
Figure 26 Degree Of Competition In The Nfc Market – 2013
Figure 27 Value Chain Of Nfc
Figure 28 Nfc Modes Of Operation
Figure 29 Nfc Market Segmentation, By Product
Figure 30 Comparison Of Various Contactless Payment Methods
Figure 31 Nfc Tag Communication Block Diagram
Figure 32 Market Potential Matrix Tag Applications Vs. Geography, 2013
Figure 33 Market Potential Matrix Tag Applications Vs. Geography, 2014
Figure 34 Near Field Communication Auxiliary Products
Figure 35 Nfc Enabled Sd Card Block Diagram
Figure 36 Expected Nfc Sd Cards Life Cycle
Figure 37 Global Nfc Market Size, By Application, 2013–2022 ($Million)
Figure 38 Peer-To-Peer Payment System
Figure 39 Retail Payment
Figure 40 Mobile Payment Process Through Nfc
Figure 41 Operating System Of Point Of Sale
Figure 42 Nfc Transportation Applications
Figure 43 Increase In Airline Passengers
Figure 44 Train Ticket Booking Procedure Through Nfc
Figure 45 Airline Ticket Booking Through Nfc
Figure 46 Booking Through The Nfc Technology
Figure 47 Data Sharing
Figure 48 Process Flow Diagram For Accessing Webpage Using Nfc
Figure 49 Data Sharing Application Of Nfc
Figure 50 Customer-Promoter Interaction Using Smart Posters
Figure 51 Nfc In Healthcare Application
Figure 52 Global Nfc Market Size, By Tag Application, 2013–2022 ($Million) 
Figure 53 Nfc Tag Types
Figure 54 Nfc Tag Applications
Figure 55 Operation Of Nfc Smart Posters
Figure 56 Nfc Market Segmentation
Figure 57 Americas Segmentation, By Region
Figure 58 Europe Market Segmentation, By Country
Figure 59 Apac Market Segmentation, By Country
Figure 60 Key Growth Strategies Of Nfc Market
Figure 61 Broadcom Subsidiaries
Figure 62 Broadcom Corporation: Company Snapshot
Figure 63 Broadcom Corporation: Products & Services
Figure 64 Business Segments Of Broadcom
Figure 65 Swot Analysis: Broadcom Corp
Figure 66 Gemalto N.V.: Company Snapshot
Figure 67 Gemalto N.V.: Product & Services
Figure 68 Huawei Technologies: Subsidiaries
Figure 69 Huawei Technologies: Company Snapshot
Figure 70 Huawei Technologies: Products & Services
Figure 71 Infineon Technologies: Subsidiaries
Figure 72 Infineon: Company Snapshot
Figure 73 Infineon: Product Portfolio
Figure 74 Inside Secure: Subsidiaries
Figure 75 Inside Secure: Company Snapshot
Figure 76 Inside Secure: Product Portfolio
Figure 77 Mediatek: Subsidiaries
Figure 78 Mediatek Inc.: Company Snapshot
Figure 79 Mediatek Inc.: Product Portfolio
Figure 80 Mediatek Inc.: Swot Analysis
Figure 81 Nxp Semiconductors: Subsidiaries
Figure 82 Nxp Semiconductors: Company Snapshot
Figure 83 Nxp Semiconductor: Products & Services
Figure 84 Nxp Semiconductor: High Performance Mixed Signal Application
Figure 85 Nxp Semiconductors N.V.: Swot Analysis
Figure 86 Renesas Electronics: Subsidiaries
Figure 87 Renesas Electronics: Company Snapshot
Figure 88 Renesas Electronics: Products & Services
Figure 89 Renesas Electronics: Swot Analysis
Figure 90 Samsung Electronics: Subsidiaries
Figure 91 Samsung Electronics Co.: Company Snapshot
Figure 92 Samsung Electronics Co.: Products & Services
Figure 93 Stmicroelectronics: Subsidiaries
Figure 94 Stmicroelectronics N.V.: Company Snapshot
Figure 95 Stmicroelectronics Nv: Products & Services
Figure 96 Stmicroelectronics Nv: Sense & Power And Automotive Products Segment
Figure 97 Stmicroelectronics Nv: Embedded Processing Segment
Figure 98 Stmicroelectronics Nv: Swot Analysis
Figure 99 Texas Instruments: Subsidiaries
Figure 100 Texas Instruments: Company Snapshot
Figure 101 Texas Instruments: Products & Services
Figure 102 Texas Instruments Inc.: Swot Analysis 

Near Field Communication (NFC) is considered as one of the most trend setting technologies owing to its presence, usage, and overlap with many other industry verticals. There is an extremely high surge in the market for NFC products and applications in which these products can be employed. NFC works with contactless smart cards and readers, and can be easily integrated into the public transit payment systems in places that use a smart card swipe. The benefits of NFC have impacted daily lives of consumers such as making contactless payment from their smartphones, ticket booking for transportation, and for providing medical professionals with information about what treatments a patient should receive.

The companies invest most of their revenues in R&D to make the concerned improvements in their technology. Also, the supply chain in this industry is a major supporting factor that has helped thistechnology to reach new heights. Many companies are taking initiatives to intensify their R&D practices, to implement advanced technology in smartphones and other wearable devices for fast and secure transactions, and communication between devices.

The NFC market is segmented based on Market by product, application, and geography. The market by product gives an in-depth analysis of IC/chips, tags, readers, micro SD cards, SIM cards, and mobile covers. The application segment is divided into eight major types, namely- payment, transportation, booking, data sharing, service, access control, healthcare, and tag applications. The market by application and geography are also discussed with a detailed explanation of each and every aspect related to it.

NFC market by geography is divided based on different geographic locations - Americas, Europe, APAC, and ROW. Americas is the largest market by geography due to the fact that the major part of the electronics and semiconductor industry is based in countries like U.S., Canada, and Mexico. There are many other companies that have their presence in this market.

Global NFC Market (2013-2022)

Near Field Communication Market

Source:MarketsandMarkets Analysis

The near field communication (NFC) market is expected to reach $16.25 billion by the end of 2022 at a CAGR of 8.83%.

The major players in this field include Broadcom (U.S.), Inside Secure (France),  Infineon Technologies (Germany), Gemalto (Netherlands), NXP Semiconductors (Netherlands), Renesas (Japan), Samsung Electronics (South Korea), Sony Corporation (Japan), STMicroelectronics (U.S.), and Texas Instruments (U.S.).

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