NFC Market Size, Share & Industry Trends

Report Code SE 2555
Published in Feb, 2025, By MarketsandMarkets™
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NFC Market by Offering (NFC ICs, NFC Antennas, NFC Tags, NFC Readers), Operating Mode (Reader Emulation, Peer-to-Peer, Card Emulation), Use Cases (Payment and Transactions, Product Identification, Ticketing, Access Control) - Global Forecast to 2029

NFC Market Size, Share & Growth

The global NFC market is anticipated to grow from USD 21.69 billion in 2024 to USD 30.55 billion by 2029, recording a CAGR of 7.1% during the forecast period. Key growth drivers include the rising adoption of mobile commerce, increased demand for smart wearables and IoT devices, and the expansion of NFC solutions offering enhanced user experiences and security over competing contactless technologies.

Key Takeaways:

•The global NFC market is anticipated to grow from USD 21.69 billion in 2024 to USD 30.55 billion by 2029, recording a CAGR of 7.1% during the forecast period.

•By Technology: NFC-enabled wearables and complementary IoT technologies are driving innovation, providing seamless user experiences in payments and data transfers.

•By Application: There is a growing adoption of NFC in automotive applications, enhancing vehicle access, infotainment systems, and smart car connectivity.

•By Product: NFC chips and tags are experiencing significant growth, particularly in retail, logistics, and product authentication sectors.

•By End User: The retail sector benefits greatly from NFC technology due to its application in payment and transaction processes, boosting the convenience and security of contactless transactions.

•By Region: ASIA PACIFIC is expected to grow fastest at 8.2% CAGR, driven by the rapid increase in cashless payment solutions and the integration of NFC technology in consumer retail and banking.

•Ecosystem Dynamics: Major players like NXP Semiconductors, Broadcom, and Qualcomm Technologies are enhancing their NFC technology offerings through continuous innovation and strategic acquisitions.

In conclusion, the NFC market is poised for robust growth, supported by increasing smartphone penetration, advancements in smart public transportation systems, and a shift towards cashless, touchless payment methods. The ongoing integration of AI technologies is expected to further enhance NFC capabilities, offering more personalized and secure user experiences, and paving the way for broader applications across diverse industries.

Rising smartphone penetration, expansion of smart public transportation systems, growing adoption of cashless payments, and rising consumer preferences towards touchless/contactless payments and data transfer methods are some of the key factors driving the growth of NFC technology. Further, the growth of NFC solutions is primarily increasing as they provide a better user experience and are more secure than other contactless technologies such as barcode, RFID, Bluetooth, Wi-Fi, and QR codes. The NFC chip market is witnessing significant growth, driven by increasing demand for NFC tags used in retail, logistics, and product authentication. Additionally, automotive NFC is gaining traction in vehicle access, infotainment systems, and smart car connectivity, further driving market expansion. The emergence of NFC rings, which enable seamless authentication and payment functionalities, is also contributing to the growing adoption of NFC-based solutions across various industries.

NXP Semiconductors (Netherlands), Broadcom (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), and STMicroelectronics (Switzerland) are some of the major players in the NFC market. These companies are continuously focusing on enhancing their NFC technology offerings and acquisitions to strengthen their competitive position in the NFC market.

Attractive Opportunities in the NFC Market

ASIA PACIFIC

Market growth in Asia Pacific can be attributed to the expanding trend of cashless payment solutions.

The NFC market growth can be attributed to the growing demand for NFC in contactless payment through mobile a and POS

Growing adoption of wireless technologies in medical, banking, consumer retail driving the growth of NFC market.

Growing adoption of wireless technologies in medical, banking, consumer retail driving the growth of NFC market.

The presence of alternative technologies is expected to pose a challenge to the market growth.

IMPACT OF AI/GEN AI ON NFC MARKET 

AI is poised to significantly impact the NFC market. These technologies can drive innovation and growth by enhancing data analysis, improving security, and enabling new applications. AI can analyze vast NFC data to identify patterns, anomalies, and potential security threats. AI can create more sophisticated and personalized NFC experiences by generating dynamic content or tailoring interactions based on user preferences. Furthermore, AI can optimize NFC systems for efficiency and cost-effectiveness, leading to increased adoption and broader applications across various industries.

NFC Market Trends & Dynamics

DRIVER: Rising interest towards the adoption of mobile commerce

Mobile commerce has witnessed tremendous growth during the last decade. Growing smartphone penetration, consumer interest, improved mobile internet connectivity, and secure payment methods are some of the key factors for the growth of this trend. The increasing use of mobile-based payments in consumer electronic devices and business-to-business has mainly driven the demand of NFC enabled devices. Currently, NFC enabled mobile devices are widely used for mobile-to-mobile data transfer and mobile-based payments, among other things. Consumers are increasingly opting for contactless payment methods driven by convenience and security. NFC technology enables seamless and secure contactless payments. Several financial organizations have partnered with mobile application developers to develop applications that assist consumers in business transactions.In conclusion, as these trends continue to evolve, mobile commerce is expected to play a significant role in the NFC market.

RESTRAINT: Presence of alternative technologies

There are many technologies used for contactless applications such as Bluetooth, Wi-Fi, QR codes, and RFID . Although, NFC provides an effective and secure method for interacting with devices, it competes with these alternative technologies in many applications such as product identification, asset tracking, and data transfer among others. For instance, RFID provides longer reading ranges and is applicable to a wide variety of uses, including the supply chain and asset management. RFID is mainly applied in retail businesses, logistic companies, and manufacturing businesses. Working at a larger range and with a higher data transfer rate than NFC, Bluetooth technology is used in some applications where distance and speed are factors. Today, Wi-Fi means a high-speed transmission of data, and it can be applied to many services such as Internet connection and data exchange. WiFi can be accessed from any public or household area, which makes it a favorite for many people. These alternative technologies may impact the growth of NFC market in such some applications.

 

OPPORTUNITY: Rising need for connectivity between different devices

Growth drivers of the NFC market mainly comprise the increasing need for connectivity between different devices. In an increasingly interlinked world, there is a growing demand for seamless, secure data exchange between all devices, from smartphones and tablets to laptops, wearables, and IoT devices. Ideally, NFC technology offers the convenience of an efficient solution for making these connections. It becomes easy to share, access services, and control devices with just a tap. This exponentially increased demand for connectivity is pushing up the NFC market in diversified industries and applications.

With NFC technology, smartphones and tablets can share and exchange information without any hassle. The main difference between it and other technologies that have emerged on the phone is the ease with which people can transfer files and contact information among the phones. NFC technology is leveraged in contactless payment systems, which ensure that secured and convenient transactions take place between the cards, smartphones, and payment terminals. NFC can be applied to access control systems, by which users gain access to buildings, offices, or events with a simple touch of their NFC-enabled card or device.

CHALLENGES: Lack of awareness about the benefits associated with NFC

The NFC industry is also hampered by unawareness of its advantages, and therefore, the adoption is slow. Despite its advantages over Bluetooth, RFID, and other wireless connectivity technologies, consumers are indifferent to NFC technology. Security and fraud concerns also discourage consumer trust, affecting NFC-based solution development such as NFC tags, NFC rings, and automotive NFC. In spite of the presence of contactless cards prior to NFC, consumer resistance is still in place due to security issues. The market for the NFC chip also lacks sufficient awareness of its potential applications in smart home appliances, mobile wallets, and IoT-enabled systems. Overcoming such issues requires collaboration among retailers, financial institutions, and technology providers to enable consumer education. Increased awareness of the security, convenience, and flexibility of NFC technology is required to overcome such issues and promote the use of NFC-based solutions across various industries.

NFC Market Ecosystem Analysis

Major companies offering NFC technology based offering include NXP Semiconductors (Netherlands), Broadcom (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), ams-OSRAM AG (Austria), Thales (France), and Infineon Technologies AG (Germany). These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Along with the well-established companies, there are a large number of small and medium-sized companies operating in this market, such as Flomio, Inc. (US), Premier Labels UK (UK), Advanced Card Systems Ltd. (China), and Cryptera (Denmark).

By vertical, the consumer electronics segment is expected to hold the largest market in 2029.

Consumer electronics vertical is expected to dominate the global NFC market from 2024 to 2029. Growing population, disposable incomes, and urbanization levels have been driving the growth of various consumer electronics products such as smartphones, laptops, tablets, etc. Smartphones and tablets are the most common devices that are enabled with NFC technology and are within the reach of all customers. Therefore, the availability of NFC in mobile phones makes this segment a very promising market under consumer electronics. The market for wearable devices in consumer electronics has lucrative growth potential. The intensity of competition in this market is high, and the available products are very limited. Therefore, NFC technology plays a major role in wearable electronics and helps companies gain a competitive advantage. The NFC market is witnessing rapid growth owing to the high penetration of NFC technology in mobile phones.

Consumer electronics vertical segment to hold largest market share in 2029

Consumer electronics held a major share of the overall NFC market in 2023 due to the commercialization of the technology in smartphones, media tablets, smart TVs, set-top boxes, and gaming consoles. There has been an increase in the production of NFC-based interfaces, which enable users to control devices using this short-range communication technology. Mobile phones and tablets are the most common devices enabled by NFC technology and within the reach of all customers. Therefore, the availability of NFC in mobile phones makes the market for the consumer electronics segment promising. This market has lucrative growth potential due to the high intensity of competition and the scope for product portfolio expansion. Therefore, NFC technology plays a major role in wearable electronics and helps companies gain a competitive advantage. Furthermore, auxiliary NFC products are external NFC-enabled accessories connected to the device to facilitate NFC communication. These include NFC covers designed for the iPhone series to enable payments through phones. NFC micro SD cards have NFC chips embedded in them, which, when put into the respective memory slots, make the phone NFC-enabled. NFC SIM/UICC cards have an embedded NFC chip controller to facilitate communication through NFC in mobile phones

Asia Pacific is Projected to Record the Highest CAGR in the global NFC Market

Asia Pacific is host to some of the world’s fastest-growing and leading industrialized economies. It is witnessing dynamic changes in the adoption of new technologies and advancements in organizations across industries. NFC-enabled handsets, wearable devices, and products are most commonly used in Japan for payment, customer or product identification, and access control applications. Similarly, South Korea, China, and India are also contributing to the NFC market in Asia Pacific. The mobile payments market is significantly growing in Asia Pacific countries. China is insistently heading toward a cashless society through Alipay and WeChat Pay. These are the main smart payment systems in China and have introduced payments based on QR and NFC codes in the daily habits of consumers. China's mobile payment ecosystem is a prime example of a seamless digital experience. Platforms like WeChat function as all-in-one hubs, enabling users to seamlessly transition between social interactions, online shopping, and financial transactions. This integrated approach fosters user engagement and strengthens the ecosystem's appeal. As China continues to urbanize, there is an ongoing need to expand public transport and increase ridership. One way to attract passengers is to improve the user experience, with contactless ticketing and app-based services supported by secure NFC-enabled smartphones.

HIGHEST CAGR MARKET IN 2024-2029
INDIA FASTEST-GROWING MARKET IN THE REGION

Recent Developments of NFC Market

  • In December 2024, Thales (France) launched the NFC CARd Key, a secure, contactless automotive NFC solution that allows drivers to lock, unlock, and start their cars with a simple tap, similar to a contactless payment card. It serves as a reliable backup for digital car keys, offering durability, high-temperature resistance, and customizable branding options for automakers.
  • In November 2024, NXP Semiconductors (Netherlands) launched the MIFARE DUOX, a secure NFC contactless IC that integrates asymmetric and symmetric cryptography. It simplifies key management and authentication for EV charging, secure car access, and access management applications, featuring advanced security functions like Proximity Check and Transaction Signature.
  • In November 2024, Avery Dennison Corporation (US) partnered with Canterbury (UK) to launch the British & Irish Lions’ first-ever connected rugby jersey featuring embedded NFC technology. This allows fans to access exclusive digital content by tapping their smartphones, enhancing engagement ahead of the 2025 Lions Tour.
  • In May 2024, Infineon Technologies AG launched the OPTIGA Authenticate NBT, a high-performance NFC I2C bridge tag. This tag provides single-tap authentication and secured configuration of IoT devices.
  • In April 2024, STMicroelectronics (Switzerland) launched the ST25TA-E, a high-security NFC tag IC featuring the Trust725 Edge on-chip digital signature mechanism. It leverages elliptic curve cryptography (ECC) for enhanced authentication, supporting brand protection, blockchain-based applications, and digital product passports.
  • In November 2023, STMicroelectronics announced the launch of ST54L, which combined an NFC controller and secure element IC. This enables mobile devices like smartphones, smart wearables, and tablets to access security-protected contactless ticketing and payment services through the STPay-Mobile platform.
  • In October 2023, Qualcomm Technologies, Inc. announced a collaboration with Google. This will help the ecosystem take advantage of custom CPUs that are low-power and high-performance. In addition, the companies will invest in Snapdragon Wear platforms as the leading smartwatch silicon provider for the Wear OS ecosystem.
  • In June 2023, Renesas Electronics Corporation acquired Panthronics AG, a semiconductor company specializing in high-performance wireless products. The acquisition will help Renesas Electronics Corporation to capture growing market opportunities for NFC.
  • In March 2023, NXP Semiconductors announced the PN7642, a single-chip solution that combines an MCU, NFC reader, and SESIP-Level 2 security to help deliver faster and more secure NFC transactions for physical access solutions, consumables authentication, and other NFC use cases.

Key Market Players

Top Companies NFC Market - Key Market Players

 NFC Market Report Scope :

Report Attribute Details
Estimated Market Size USD 21.69 billion in 2024
Projected Market Size USD 30.55 billion by 2029
Growth Rate  At  CAGR of  7.1%
Market size available for years 2020–2029
Forecast units Value (USD Million/Billion)
Segments Covered By offering, operating mode, vertical, and region
Geographies covered North America, Europe, Asia Pacific, and RoW

Key Questions Addressed by the Report

Which are the major companies in the NFC market? What are their significant strategies to strengthen their market presence?
The major players in the NFC market include NXP Semiconductors (Netherlands), Broadcom (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), ams-OSRAM AG (Austria), Thales (France), and Infineon Technologies AG (Germany), and the major strategies adopted by these players are product launches and deals.
What is NFC?
NFC is a contactless communication system that enables data sharing between devices, such as smartphones, tablets, and laptops. Using NFC, users can gesture their phones towards an enabled device and share information without manually establishing a connection. The technology has become mainstream owing to its speed and convenience.
What is the CAGR of the global NFC market in the next five years?
The global NFC market is estimated to grow at 7.1% CAGR in the next five years.
What are the drivers and opportunities for the NFC market?
The rising interest in adopting mobile commerce will likely drive the market. Further, the growing trend of contactless technology will pose significant opportunities in the NFC market.
What are the restraints and challenges for the smart manufacturing market?
Availability of alternative technologies and lack of awareness about NFC technology benefits are the restraints and challenges in the NFC market.
What opportunities does the NFC market offer?
The rising trend of contactless technology, especially in payment systems, access control, and data transfer, presents significant opportunities. Innovations like NFC rings and NFC tags for product authentication and marketing are also expanding the market.
How is NFC technology being used in the automotive sector?
Automotive NFC is being used for keyless entry, secure car access, and in-car payment systems. Solutions like the NFC CARd Key allow drivers to lock, unlock, and start their vehicles with a simple tap, enhancing convenience and security.

 

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
25
RESEARCH METHODOLOGY
30
EXECUTIVE SUMMARY
41
PREMIUM INSIGHTS
45
MARKET OVERVIEW
48
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Rising interest in mobile commerce
    - Mounting demand for smart wearables and IoT devices
    RESTRAINTS
    - Availability of alternative technologies for contactless applications
    OPPORTUNITIES
    - Rapid urbanization in emerging economies
    - Reliance on PoS systems and smart posters to enhance shopping experiences
    - Implementation of electronic shelf labels in retail stores
    - Rise in cellular IoT connections
    CHALLENGES
    - Lack of awareness about NFC benefits
    - Security concerns related to contactless payments
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY HARDWARE TYPE
    AVERAGE SELLING PRICE TREND, BY HARDWARE TYPE
    AVERAGE SELLING PRICE TREND OF NFC ICS & ANTENNAS, 2020–2023 (USD)
  • 5.5 VALUE CHAIN ANALYSIS
  • 5.6 ECOSYSTEM ANALYSIS
  • 5.7 INVESTMENT AND FUNDING SCENARIO
  • 5.8 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - NFC-enabled wearables
    COMPLEMENTARY TECHNOLOGIES
    - Internet of Things (IoT)
    ADJACENT TECHNOLOGIES
    - 5G connectivity
    - Radio-frequency identification (RFID)
  • 5.9 PATENT ANALYSIS
  • 5.10 TRADE ANALYSIS
    IMPORT SCENARIO (HS CODE 852352)
    EXPORT SCENARIO (HS CODE 852352)
  • 5.11 KEY CONFERENCES AND EVENTS, 2024–2025
  • 5.12 CASE STUDY
    ONEID DEVELOPS USER-FRIENDLY APP TO OPTIMIZE NFC READING FOR ID DOCUMENTS AND ENSURE SECURE DATA TRANSMISSION
    NIKE INTEGRATES NFC TECHNOLOGY TO INCREASE SALES AND CUSTOMER ENGAGEMENT
    BARBADILLO ADOPTS NFC TAGS TO INCREASE CUSTOMER ENGAGEMENT AND SALES
  • 5.13 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    STANDARDS
  • 5.14 PORTER’S FIVE FORCES ANALYSIS
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.16 IMPACT OF AI/GEN AI ON NFC MARKET
    INTRODUCTION
    AI/GEN AI IMPACT ON KEY NFC APPLICATIONS
    - Retail
    - Consumer electronics
    USE CASES
    KEY COMPANIES IMPLEMENTING AI/GEN AI
    FUTURE OF AI/GEN AI IN NFC ECOSYSTEM
NFC SIGNALING TECHNOLOGIES
75
  • 6.1 INTRODUCTION
  • 6.2 NFC-A
  • 6.3 NFC-B
  • 6.4 NFC-F
NFC MARKET, BY OFFERING
76
  • 7.1 INTRODUCTION
  • 7.2 HARDWARE
    NFC ICS & ANTENNAS
    - Emphasis on ensuring proper electrical interface and maximizing power transfer to bolster segmental growth
    NFC TAGS
    - Ability to identify proximity and vicinity to contribute to segmental growth
    NFC READERS
    - Emphasis on seamless communication and data exchange among devices to foster segmental growth
  • 7.3 SOFTWARE
    EASE OF USE AND FUNCTIONALITY IN ROUTERS, INFOTAINMENT SYSTEMS, AND CONSUMER ELECTRONICS TO DRIVE MARKET
NFC MARKET, BY OPERATING MODE
84
  • 8.1 INTRODUCTION
  • 8.2 CARD EMULATION
    INCREASING USE TO CONVERT NFC DEVICES TO CONTACTLESS SMART CARDS TO BOOST SEGMENTAL GROWTH
  • 8.3 READER EMULATION
    RISING ADOPTION TO READ DATA FROM MANDATED NFC TAGS TO FUEL SEGMENTAL GROWTH
  • 8.4 PEER-TO-PEER
    ABILITY TO OFFER LINK-LEVEL COMMUNICATION BETWEEN TWO NFC DEVICES TO ACCELERATE SEGMENTAL GROWTH
NFC MARKET, BY VERTICAL
89
  • 9.1 INTRODUCTION
  • 9.2 RETAIL
    PRODUCT IDENTIFICATION
    - Increasing need to identify product location and availability in retail stores to foster segmental growth
    PAYMENT & TRANSACTION
    - Growing adoption of NFC-enabled devices as contactless cards to expedite segmental growth
  • 9.3 TRANSPORTATION
    TICKETING
    - Strong focus on convenience and security in ticketing process to augment segmental growth
    ACCESS CONTROL
    - Ability of NFC to reduce cash handling to contribute to segmental growth
  • 9.4 AUTOMOTIVE
    RISING DEPLOYMENT IN ACCESS CONTROL AND IN-CAR INFOTAINMENT APPLICATIONS TO BOOST SEGMENTAL GROWTH
  • 9.5 RESIDENTIAL & COMMERCIAL
    ACCESS CONTROL
    - Reliance on NFC to offer physical access control in buildings to fuel segmental growth
    TIME & ATTENDANCE
    - Requirement to keep track of in-time and out-time in commercial sector to augment segmental growth
    HOME AUTOMATION
    - Use of smart lighting solutions with wireless switch capabilities to boost segmental growth
  • 9.6 HEALTHCARE
    PATIENT IDENTIFICATION
    - Increasing deployment of NFC tags to secure access to healthcare information to bolster segmental growth
    PRODUCT IDENTIFICATION
    - Growing preference for remote patient monitoring to augment segmental growth
    ACCESS CONTROL
    - Rising need to identify patient health cards and other medical items to expedite segmental growth
  • 9.7 CONSUMER ELECTRONICS
    WEARABLE DEVICES
    - Ability to interact with NFC-enabled devices to fuel segmental growth
    MOBILE PHONES/TABLETS
    - Adoption of home automation and control solutions to bolster segmental growth
    LAPTOPS/PERSONAL COMPUTERS
    - Growing popularity of touchless laptops to contribute to segmental growth
    OTHER CONSUMER ELECTRONICS
  • 9.8 BANKING & FINANCE
    RELIANCE ON ADVANCED TECHNOLOGIES TO ENHANCE SECURITY TO BOOST SEGMENTAL GROWTH
  • 9.9 HOSPITALITY
    ACCESS CONTROL
    - Rising awareness about benefits of NFC-enabled smartphones in check-in process in hotels to drive market
    PAYMENT & TRANSACTION
    - Growing preference for contactless payment to contribute to segmental growth
  • 9.10 OTHER VERTICALS
    NFC MARKET, BY REGION
NFC MARKET, BY REGION
106
  • 10.1 INTRODUCTION
  • 10.2 NORTH AMERICA
    MACROECONOMIC OUTLOOK FOR NORTH AMERICA
    US
    - Increasing adoption of smart city initiatives to accelerate market growth
    CANADA
    - Rising deployment of advanced communication technologies to improve enterprise efficiency to fuel market growth
    MEXICO
    - Growing interest toward digital payments to contribute to market growth
  • 10.3 EUROPE
    MACROECONOMIC OUTLOOK FOR EUROPE
    UK
    - Rising awareness about contactless payment systems to augment market growth
    GERMANY
    - Increasing access of payment service providers to NFC antennas to bolster market growth
    ITALY
    - Rapid digitalization and adoption of contactless payments to expedite market growth
    FRANCE
    - Growing demand for advanced technologies to allow dynamic pricing and real-time product positioning to drive market
    SPAIN
    - Rising implementation of biometric security payment solutions to accelerate market growth
    SWITZERLAND
    - Growing focus on secure payment networks and reliable connectivity to foster market growth
    NETHERLANDS
    - Rising emphasis on security and privacy to contribute to market growth
    REST OF EUROPE
  • 10.4 ASIA PACIFIC
    MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
    CHINA
    - Growing focus on expanding public transportation to boost market growth
    JAPAN
    - Rising trend for e-money smart cards powered by NFC technology to drive market
    INDIA
    - Increasing use of NFC-enabled contactless credit cards to fuel market growth
    SOUTH KOREA
    - Mounting demand for high-end smartphones to contribute to market growth
    AUSTRALIA
    - Growing adoption of contactless payment methods to bolster market growth
    INDONESIA
    - Rising focus on digital infrastructure development to fuel market growth
    REST OF ASIA PACIFIC
  • 10.5 ROW
    MACROECONOMIC OUTLOOK FOR ROW
    MIDDLE EAST
    - Burgeoning demand for NFC-enabled smartphones to accelerate market growth
    - GCC countries
    - Rest of Middle East
    SOUTH AMERICA
    - Increasing smartphone penetration and mobile payments to drive market
    AFRICA
    - Rising preference for payments using contactless cards to contribute to market growth
COMPETITIVE LANDSCAPE
154
  • 11.1 OVERVIEW
  • 11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2025
  • 11.3 REVENUE ANALYSIS, 2019–2023
  • 11.4 MARKET SHARE ANALYSIS, 2023
  • 11.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024
  • 11.6 PRODUCT COMPARISON
  • 11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company footprint
    - Region footprint
    - Vertical footprint
    - Operating mode footprint
    - Offering footprint
  • 11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - Detailed list of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 11.9 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
COMPANY PROFILES
176
  • 12.1 KEY PLAYERS
    NXP SEMICONDUCTORS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    BROADCOM
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    QUALCOMM TECHNOLOGIES, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    TEXAS INSTRUMENTS INCORPORATED
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    STMICROELECTRONICS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    RENESAS ELECTRONICS CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    AMS-OSRAM AG
    - Business overview
    - Products/Solutions/Services offered
    THALES
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    INFINEON TECHNOLOGIES AG
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SONY CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    AVERY DENNISON CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SAMSUNG
    - Business overview
    - Products/Solutions/Services offered
    IDENTIV, INC.
    - Business overview
    - Products/Solutions/Services offered
    SEMICONDUCTOR COMPONENTS INDUSTRIES, LLC
    - Business overview
    - Products/Solutions/Services offered
  • 12.2 OTHER PLAYERS
    FLOMIO, INC.
    SHANGHAI FUDAN MICROELECTRONICS GROUP CO., LTD.
    HID GLOBAL CORPORATION
    RESOURCE LABEL GROUP, LLC
    PREMIER LABELS UK
    ADVANCED CARD SYSTEMS LTD.
    CRYPTERA
    PERFECT ID
    ID TECH
    OMNIA TECHNOLOGIES PVT. LTD.
    ELATEC GMBH
APPENDIX
221
  • 13.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 13.2 DISCUSSION GUIDE
  • 13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 13.4 CUSTOMIZATION OPTIONS
  • 13.5 RELATED REPORTS
  • 13.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 NFC MARKET: RISK ANALYSIS
  • TABLE 2 AVERAGE SELLING PRICING TREND OF NFC ICS & ANTENNAS OFFERED BY KEY PLAYERS, 2020–2023 (USD)
  • TABLE 3 ROLE OF COMPANIES IN NFC ECOSYSTEM
  • TABLE 4 LIST OF MAJOR PATENTS, 2023–2024
  • TABLE 5 IMPORT DATA FOR HS CODE 852352-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 6 EXPORT DATA FOR HS CODE 852352-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 7 LIST OF KEY CONFERENCES AND EVENTS, 2024–2025
  • TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 STANDARDS
  • TABLE 13 PORTER’S FIVE FORCES ANALYSIS
  • TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
  • TABLE 15 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • TABLE 16 NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 17 NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 18 HARDWARE: NFC MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 19 HARDWARE: NFC MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 20 NFC MARKET, BY HARDWARE, 2020–2023 (MILLION UNITS)
  • TABLE 21 NFC MARKET, BY HARDWARE, 2024–2029 (MILLION UNITS)
  • TABLE 22 NFC ICS & ANTENNAS: NFC MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 23 NFC ICS & ANTENNAS: NFC MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 24 NFC TAGS: NFC MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 25 NFC TAGS: NFC MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 26 NFC READERS: NFC MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 27 NFC READERS: NFC MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 28 SOFTWARE: NFC MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 29 SOFTWARE: NFC MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 30 NFC MARKET, BY OPERATING MODE, 2020–2023 (USD MILLION)
  • TABLE 31 NFC MARKET, BY OPERATING MODE, 2024–2029 (USD MILLION)
  • TABLE 32 BENEFITS AND FUTURE SCOPE OF NFC DEVICE OPERATING MODES
  • TABLE 33 NFC MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 34 NFC MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 35 RETAIL: NFC MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 36 RETAIL: NFC MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 37 RETAIL: NFC MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 38 RETAIL: NFC MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 39 TRANSPORTATION: NFC MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 40 TRANSPORTATION: NFC MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 41 TRANSPORTATION: NFC MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 42 TRANSPORTATION: NFC MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 43 AUTOMOTIVE: NFC MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 44 AUTOMOTIVE: NFC MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 45 RESIDENTIAL & COMMERCIAL: NFC MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 46 RESIDENTIAL & COMMERCIAL: NFC MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 47 RESIDENTIAL & COMMERCIAL: NFC MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 48 RESIDENTIAL & COMMERCIAL: NFC MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 49 HEALTHCARE: NFC MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 50 HEALTHCARE: NFC MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 51 HEALTHCARE: NFC MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 52 HEALTHCARE: NFC MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 53 CONSUMER ELECTRONICS: NFC MARKET, BY PRODUCT, 2020–2023 (USD MILLION)
  • TABLE 54 CONSUMER ELECTRONICS: NFC MARKET, BY PRODUCT, 2024–2029 (USD MILLION)
  • TABLE 55 CONSUMER ELECTRONICS: NFC MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 56 CONSUMER ELECTRONICS: NFC MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 57 BANKING & FINANCE: NFC MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 58 BANKING & FINANCE: NFC MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 59 HOSPITALITY: NFC MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 60 HOSPITALITY: NFC MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 61 HOSPITALITY: NFC MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 62 HOSPITALITY: NFC MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 63 OTHER VERTICALS: NFC MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 64 OTHER VERTICALS: NFC MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 65 NFC MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 66 NFC MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 67 NFC MARKET, BY REGION, 2020–2023 (MILLION UNITS)
  • TABLE 68 NFC MARKET, BY REGION, 2024–2029 (MILLION UNITS)
  • TABLE 69 NORTH AMERICA: NFC MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 70 NORTH AMERICA: NFC MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 71 NORTH AMERICA: NFC MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 72 NORTH AMERICA: NFC MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 73 NORTH AMERICA: NFC MARKET FOR RETAIL, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 74 NORTH AMERICA: NFC MARKET FOR RETAIL, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 75 NORTH AMERICA: NFC MARKET FOR TRANSPORTATION, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 76 NORTH AMERICA: NFC MARKET FOR TRANSPORTATION, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 77 NORTH AMERICA: NFC MARKET FOR RESIDENTIAL & COMMERCIAL, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 78 NORTH AMERICA: NFC MARKET FOR RESIDENTIAL & COMMERCIAL, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 79 NORTH AMERICA: NFC MARKET FOR HEALTHCARE, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 80 NORTH AMERICA: NFC MARKET FOR HEALTHCARE, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 81 NORTH AMERICA: NFC MARKET FOR CONSUMER ELECTRONICS, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 82 NORTH AMERICA: NFC MARKET FOR CONSUMER ELECTRONICS, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 83 NORTH AMERICA: NFC MARKET FOR HOSPITALITY, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 84 NORTH AMERICA: NFC MARKET FOR HOSPITALITY, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 85 US: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 86 US: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 87 CANADA: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 88 CANADA: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 89 MEXICO: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 90 MEXICO: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 91 EUROPE: NFC MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 92 EUROPE: NFC MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 93 EUROPE: NFC MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 94 EUROPE: NFC MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 95 EUROPE: NFC MARKET FOR RETAIL, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 96 EUROPE: NFC MARKET FOR RETAIL, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 97 EUROPE: NFC MARKET FOR TRANSPORTATION, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 98 EUROPE: NFC MARKET FOR TRANSPORTATION, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 99 EUROPE: NFC MARKET FOR RESIDENTIAL & COMMERCIAL, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 100 EUROPE: NFC MARKET FOR RESIDENTIAL & COMMERCIAL, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 101 EUROPE: NFC MARKET FOR HEALTHCARE, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 102 EUROPE: NFC MARKET FOR HEALTHCARE, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 103 EUROPE: NFC MARKET FOR CONSUMER ELECTRONICS, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 104 EUROPE: NFC MARKET FOR CONSUMER ELECTRONICS, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 105 EUROPE: NFC MARKET FOR HOSPITALITY, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 106 EUROPE: NFC MARKET FOR HOSPITALITY, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 107 UK: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 108 UK: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 109 GERMANY: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 110 GERMANY: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 111 ITALY: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 112 ITALY: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 113 FRANCE: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 114 FRANCE: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 115 SPAIN: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 116 SPAIN: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 117 SWITZERLAND: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 118 SWITZERLAND: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 119 NETHERLANDS: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 120 NETHERLANDS: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 121 REST OF EUROPE: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 122 REST OF EUROPE: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 123 ASIA PACIFIC: NFC MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 124 ASIA PACIFIC: NFC MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 125 ASIA PACIFIC: NFC MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 126 ASIA PACIFIC: NFC MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 127 ASIA PACIFIC: NFC MARKET FOR RETAIL, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 128 ASIA PACIFIC: NFC MARKET FOR RETAIL, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 129 ASIA PACIFIC: NFC MARKET FOR TRANSPORTATION, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 130 ASIA PACIFIC: NFC MARKET FOR TRANSPORTATION, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 131 ASIA PACIFIC: NFC MARKET FOR RESIDENTIAL & COMMERCIAL, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 132 ASIA PACIFIC: NFC MARKET FOR RESIDENTIAL & COMMERCIAL, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 133 ASIA PACIFIC: NFC MARKET FOR HEALTHCARE, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 134 ASIA PACIFIC: NFC MARKET FOR HEALTHCARE, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 135 ASIA PACIFIC: NFC MARKET FOR CONSUMER ELECTRONICS, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 136 ASIA PACIFIC: NFC MARKET FOR CONSUMER ELECTRONICS, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 137 ASIA PACIFIC: NFC MARKET FOR HOSPITALITY, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 138 ASIA PACIFIC: NFC MARKET FOR HOSPITALITY, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 139 CHINA: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 140 CHINA: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 141 JAPAN: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 142 JAPAN: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 143 INDIA: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 144 INDIA: NFC MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 145 SOUTH KOREA: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 146 SOUTH KOREA: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 147 AUSTRALIA: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 148 AUSTRALIA: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 149 INDONESIA: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 150 INDONESIA: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 151 REST OF ASIA PACIFIC: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 152 REST OF ASIA PACIFIC: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 153 ROW: NFC MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 154 ROW: NFC MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 155 ROW: NFC MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 156 ROW: NFC MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 157 ROW: NFC MARKET FOR RETAIL, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 158 ROW: NFC MARKET FOR RETAIL, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 159 ROW: NFC MARKET FOR TRANSPORTATION, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 160 ROW: NFC MARKET FOR TRANSPORTATION, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 161 ROW: NFC MARKET FOR RESIDENTIAL & COMMERCIAL, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 162 ROW: NFC MARKET FOR RESIDENTIAL & COMMERCIAL, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 163 ROW: NFC MARKET FOR HEALTHCARE, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 164 ROW: NFC MARKET FOR HEALTHCARE, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 165 ROW: NFC MARKET FOR CONSUMER ELECTRONICS, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 166 ROW: NFC MARKET FOR CONSUMER ELECTRONICS, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 167 ROW: NFC MARKET FOR HOSPITALITY, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 168 ROW: NFC MARKET FOR HOSPITALITY, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 169 MIDDLE EAST: NFC MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 170 MIDDLE EAST: NFC MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 171 MIDDLE EAST: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 172 MIDDLE EAST: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 173 SOUTH AMERICA: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 174 SOUTH AMERICA: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 175 AFRICA: NFC MARKET, BY OFFERING, 2020–2023 (USD MILLION)
  • TABLE 176 AFRICA: NFC MARKET, BY OFFERING, 2024–2029 (USD MILLION)
  • TABLE 177 NFC MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2025
  • TABLE 178 NFC MARKET: DEGREE OF COMPETITION, 2023
  • TABLE 179 NFC MARKET: REGION FOOTPRINT
  • TABLE 180 NFC MARKET: VERTICAL FOOTPRINT
  • TABLE 181 NFC MARKET: OPERATING MODE FOOTPRINT
  • TABLE 182 NFC MARKET: OFFERING FOOTPRINT
  • TABLE 183 NFC MARKET: DETAILED LIST OF KEY STARTUPS/SMES
  • TABLE 184 NFC MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 185 NFC MARKET: PRODUCT LAUNCHES, JANUARY 2020– JANUARY 2025
  • TABLE 186 NFC MARKET: DEALS, JANUARY 2020–JANUARY 2025
  • TABLE 187 NXP SEMICONDUCTORS: COMPANY OVERVIEW
  • TABLE 188 NXP SEMICONDUCTORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 189 NXP SEMICONDUCTORS: PRODUCT LAUNCHES
  • TABLE 190 BROADCOM: COMPANY OVERVIEW
  • TABLE 191 BROADCOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 192 QUALCOMM TECHNOLOGIES, INC.: COMPANY OVERVIEW
  • TABLE 193 QUALCOMM TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 194 QUALCOMM TECHNOLOGIES, INC.: DEALS
  • TABLE 195 TEXAS INSTRUMENTS INCORPORATED: COMPANY OVERVIEW
  • TABLE 196 TEXAS INSTRUMENTS INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 197 STMICROELECTRONICS: COMPANY OVERVIEW
  • TABLE 198 STMICROELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 199 STMICROELECTRONICS: PRODUCT LAUNCHES
  • TABLE 200 RENESAS ELECTRONICS CORPORATION: COMPANY OVERVIEW
  • TABLE 201 RENESAS ELECTRONICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 202 RENESAS ELECTRONICS CORPORATION: DEALS
  • TABLE 203 AMS-OSRAM AG: COMPANY OVERVIEW
  • TABLE 204 AMS-OSRAM AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 205 THALES: COMPANY OVERVIEW
  • TABLE 206 THALES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 207 THALES: PRODUCT LAUNCHES
  • TABLE 208 INFINEON TECHNOLOGIES AG: COMPANY OVERVIEW
  • TABLE 209 INFINEON TECHNOLOGIES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 210 INFINEON TECHNOLOGIES AG: PRODUCT LAUNCHES
  • TABLE 211 SONY CORPORATION: COMPANY OVERVIEW
  • TABLE 212 SONY CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 213 AVERY DENNISON CORPORATION: COMPANY OVERVIEW
  • TABLE 214 AVERY DENNISON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 215 AVERY DENNISON CORPORATION: PRODUCT LAUNCHES
  • TABLE 216 AVERY DENNISON CORPORATION: DEALS
  • TABLE 217 SAMSUNG: COMPANY OVERVIEW
  • TABLE 218 SAMSUNG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 219 IDENTIV, INC.: COMPANY OVERVIEW
  • TABLE 220 IDENTIV, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 221 SEMICONDUCTOR COMPONENTS INDUSTRIES, LLC: COMPANY OVERVIEW
  • TABLE 222 SEMICONDUCTOR COMPONENTS INDUSTRIES, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
LIST OF FIGURES
 
  • FIGURE 1 NFC MARKET SEGMENTATION AND REGIONAL SCOPE
  • FIGURE 2 NFC MARKET: RESEARCH DESIGN
  • FIGURE 3 NFC MARKET: RESEARCH APPROACH
  • FIGURE 4 NFC MARKET: TOP-DOWN APPROACH
  • FIGURE 5 NFC MARKET: BOTTOM-UP APPROACH
  • FIGURE 6 NFC MARKET SIZE ESTIMATION METHODOLOGY
  • FIGURE 7 NFC MARKET: DATA TRIANGULATION
  • FIGURE 8 NFC MARKET: RESEARCH ASSUMPTIONS
  • FIGURE 9 NFC MARKET SIZE, 2020–2029
  • FIGURE 10 HARDWARE SEGMENT TO REGISTER HIGHER CAGR IN NFC MARKET FROM 2024 TO 2029
  • FIGURE 11 CARD EMULATION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024
  • FIGURE 12 BANKING & FINANCE SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 13 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF NFC MARKET IN 2023
  • FIGURE 14 RISING TREND TOWARD CONTACTLESS PAYMENT TO CONTRIBUTE TO MARKET GROWTH
  • FIGURE 15 HARDWARE SEGMENT TO HOLD LARGER SHARE OF NFC MARKET IN 2029
  • FIGURE 16 CONSUMER ELECTRONICS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 17 CONSUMER ELECTRONICS SEGMENT AND US ACCOUNTED FOR LARGEST SHARES OF NORTH AMERICAN NFC MARKET IN 2023
  • FIGURE 18 INDIA TO RECORD HIGHEST CAGR IN GLOBAL NFC MARKET DURING FORECAST PERIOD
  • FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 20 IMPACT ANALYSIS: DRIVERS
  • FIGURE 21 IMPACT ANALYSIS: RESTRAINTS
  • FIGURE 22 CELLULAR IOT CONNECTIONS, 2023 VS. 2029
  • FIGURE 23 IMPACT ANALYSIS: OPPORTUNITIES
  • FIGURE 24 IMPACT ANALYSIS: CHALLENGES
  • FIGURE 25 TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS
  • FIGURE 26 AVERAGE SELLING PRICE TREND OF NFC ICS & ANTENNAS OFFERED BY KEY PLAYERS
  • FIGURE 27 AVERAGE SELLING PRICE TREND OF NFC ICS & ANTENNAS, 2020–2023
  • FIGURE 28 AVERAGE SELLING PRICE TREND OF NFC ICS & ANTENNAS, BY REGION, 2020−2023
  • FIGURE 29 VALUE CHAIN ANALYSIS
  • FIGURE 30 NFC ECOSYSTEM
  • FIGURE 31 INVESTMENT AND FUNDING SCENARIO, 2017–2022
  • FIGURE 32 PATENTS APPLIED AND GRANTED, 2014–2024
  • FIGURE 33 IMPORT DATA FOR HS CODE 852352-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
  • FIGURE 34 EXPORT DATA FOR HS CODE 852352-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
  • FIGURE 35 PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 36 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
  • FIGURE 37 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • FIGURE 38 NFC MARKET, BY OFFERING
  • FIGURE 39 HARDWARE SEGMENT TO EXHIBIT HIGHER CAGR FROM 2024 TO 2029
  • FIGURE 40 NFC MARKET, BY OPERATING MODE
  • FIGURE 41 CARD EMULATION SEGMENT TO EXHIBIT HIGHEST CAGR IN NFC MARKET FROM 2024 TO 2029
  • FIGURE 42 NFC MARKET, BY VERTICAL
  • FIGURE 43 CONSUMER ELECTRONICS SEGMENT TO HOLD LARGEST SHARE DURING FORECAST PERIOD
  • FIGURE 44 NFC MARKET, BY REGION
  • FIGURE 45 INDIA TO EXHIBIT HIGHEST CAGR IN GLOBAL NFC MARKET DURING FORECAST PERIOD
  • FIGURE 46 NORTH AMERICA: NFC MARKET SNAPSHOT
  • FIGURE 47 US TO DOMINATE NORTH AMERICAN NFC MARKET DURING FORECAST PERIOD
  • FIGURE 48 EUROPE: NFC MARKET SNAPSHOT
  • FIGURE 49 GERMANY TO DOMINATE EUROPEAN NFC MARKET FROM 2023 TO 2028
  • FIGURE 50 ASIA PACIFIC: NFC MARKET SNAPSHOT
  • FIGURE 51 INDIA TO RECORD HIGHEST CAGR IN ASIA PACIFIC NFC MARKET BETWEEN 2024 AND 2029
  • FIGURE 52 SOUTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF ROW NFC MARKET IN 2029
  • FIGURE 53 NFC MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2019–2023
  • FIGURE 54 MARKET SHARE ANALYSIS OF COMPANIES OFFERING NFC SOLUTIONS, 2023
  • FIGURE 55 COMPANY VALUATION, 2024
  • FIGURE 56 FINANCIAL METRICS (EV/EBITDA), 2024
  • FIGURE 57 PRODUCT COMPARISON
  • FIGURE 58 NFC MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 59 NFC MARKET: COMPANY FOOTPRINT
  • FIGURE 60 NFC MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
  • FIGURE 61 NXP SEMICONDUCTORS: COMPANY SNAPSHOT
  • FIGURE 62 BROADCOM: COMPANY SNAPSHOT
  • FIGURE 63 QUALCOMM TECHNOLOGIES, INC.: COMPANY SNAPSHOT
  • FIGURE 64 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT
  • FIGURE 65 STMICROELECTRONICS: COMPANY SNAPSHOT
  • FIGURE 66 RENESAS ELECTRONICS CORPORATION: COMPANY SNAPSHOT
  • FIGURE 67 AMS-OSRAM AG: COMPANY SNAPSHOT
  • FIGURE 68 THALES: COMPANY SNAPSHOT
  • FIGURE 69 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
  • FIGURE 70 SONY CORPORATION: COMPANY SNAPSHOT
  • FIGURE 71 AVERY DENNISON CORPORATION: COMPANY SNAPSHOT
  • FIGURE 72 SAMSUNG: COMPANY SNAPSHOT
  • FIGURE 73 IDENTIV, INC.: COMPANY SNAPSHOT
  • FIGURE 74 SEMICONDUCTOR COMPONENTS INDUSTRIES, LLC: COMPANY SNAPSHOT

The study involved major activities in estimating the current market size for the NFC market. Exhaustive secondary research was done to collect information on the NFC industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches, such as top-down and bottom-up, were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the NFC market.

Secondary Research

The market for the companies offering NFC soutions is arrived at by secondary data available through paid and unpaid sources, analyzing the product portfolios of the major companies in the ecosystem, and rating the companies by their performance and quality. Various sources were referred to in the secondary research process to identify and collect information for this study. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, journals, certified publications, and articles from recognized authors, directories, and databases. In the secondary research process, various secondary sources were referred to for identifying and collecting information related to the study. Secondary sources included annual reports, press releases, and investor presentations of blockchain vendors, forums, certified publications, and whitepapers. The secondary research was used to obtain critical information on the industry's value chain, the total pool of key players, market classification, and segmentation from the market and technology-oriented perspectives.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the NFC market through secondary research. Several primary interviews have been conducted with the key opinion leaders from the demand and supply sides across four main regions—North America, Europe, Asia Pacific, and the Rest of Europe. Approximately 25% of the primary interviews were conducted with the demand-side respondents, while approximately 75% were conducted with the supply-side respondents. The primary data has been collected through questionnaires, emails, and telephone interviews.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

About the assumptions considered for the study, To know download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the smart manufacturing market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

NFC Market : Top-Down and Bottom-Up Approach

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from the demand and supply sides.

Market Definition

NFC is the standard based shortwave wireless connecting technology that helps in the exchange of money, data, and to connect with different electronic devices. NFC operates using electromagnetic fields. Its high speed and convenience enable data sharing between devices such as smartphones, tablets, and laptops, among others. For instance, NFC users can gesture their phone towards an enabled device and share information without manually establishing a connection.

Key Stakeholders

  • NFC market chip manufacturers
  • Micro SD card manufacturers
  • Telecom operators for NFC market SIM cards
  • System integrators
  • Research organizations and patent holders
  • Mobile manufacturers
  • Trusted service managers
  • Banks and credit card companies
  • Assembly, testing, and packaging players

Report Objectives

  • To describe and forecast the NFC market, in terms of value, based on offering, operating mode, and vertical
  • To forecast the size of the NFC market in terms of volume
  • To forecast the market size, in terms of value, for four main regions—North America, Europe, Asia Pacific, and the RoW (Rest of the World)
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the market growth
  • To provide a detailed overview of the value chain of the NFC ecosystem
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze the opportunities for stakeholders and details of the competitive landscape of the market
  • To strategically profile the key players and comprehensively analyze their market positions in terms of ranking and core competencies2
  • To analyze the major growth strategies implemented by key market players, such as agreements, acquisitions, product launches, expansions, and partnerships
  • To study the impact of AI on the market under study, along with macroeconomic outlook for each region

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players based on various blocks of the supply chain.

 

Previous Versions of this Report

NFC Market with COVID-19 impact by Device operating mode (Reader emulation, Peer-To-Peer, and Card Emulation), Offering (Non-Auxiliary products, Auxiliary products, and Softwares), Application, and Region - Global Forecast to 2025

Report Code SE 2555
Published in Dec, 2020, By MarketsandMarkets™

Near Field Communication Market by Operating Mode (Card Emulation, Reader Emulation, & Peer-to-peer), Product & Software (Non-auxiliary & Auxiliary), Industry (Retail, Transportation, Automotive, & Others), and Geography - Global Forecast to 2020

Report Code SE 2555
Published in Nov, 2015, By MarketsandMarkets™

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

Report Code SE 2555
Published in Aug, 2014, By MarketsandMarkets™

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

Report Code SE 2555
Published in Jan, 2011, By MarketsandMarkets™
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