Near Field Communication Market

Near Field Communication Market worth 21.84 Billion USD by 2020

According to a new market research reportNear 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”, the total market is expected to reach USD 21.84 Billion by 2020, at a CAGR of 17.1% during the forecast period. Factors such as the growing adoption of smart devices, trend of mobile commerce, and growth in the production of NFC-enabled mobile phones are driving the market.

Browse 73 market data tables and 78 figures spread through 163 pages and in-depth TOC on "Near Field Communication Market - Global Forecast to 2020"
Early buyers will receive 10% customization on reports.

Growing volume of cashless transactions is driving the NFC Market.

          Request Sample          Request Sample

The growing volume of cashless transactions across the world is one of the key drivers for the market. There is a strong demand for multi-tasking electronics devices across the world; therefore, consumer electronics companies are engaged in incorporating NFC technology in their mobile phones and tablets to deliver a single solution to their customers. The other segments covered in this report are operating modes and NFC product & software. Under operating modes, the peer-to-peer mode is dominating the market as it enables two-way communication among the NFC devices. The non-auxiliary/in-built NFC products currently have the largest market size, while the market for auxiliary products is expected to grow at highest CAGR.

APAC is expected to grow at the highest CAGR during the forecast period

APAC is expected to grow at a CAGR of 20.5% between 2015 and 2020. This high growth is attributed to the growing shipments of consumer electronics in the region, which creates an opportunity for NFC chip manufacturers to collaborate with major consumer electronics companies. Moreover, the rising income, high adoption of smart appliances, and rising per capita income in countries such as India and China further create a huge growth potential for the market in APAC.

The major players in this market are NXP Semiconductors (Netherland), Broadcom Corporation (U.S.), STMicroelectronics NV (Switzerland), MediaTek, Inc. (Taiwan), Renesas Electronics Corporation (Japan), Gemalto NV (Netherlands), and Texas Instruments (U.S.).

The report analyses the market trends for each of the market segments and their respective growth rates. Apart from the market segmentation, the report also covers in-depth analyses such as Porter’s five forces analysis, value chain with a detailed process flow diagram, and market dynamics such as drivers, restraints, opportunities, and challenges for the NFC market. The major factors driving this market are the growing volume of cashless transactions, adoption of smart appliances, and trend of mobile commerce. The market size for the NFC market is included in the report for the four geographical regions, namely, the Americas, Europe, Asia-Pacific, and Rest of the World (RoW). Currently, the American market holds the major share of this market and the APAC region is expected to grow at the highest rate during the forecast period.

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]

Report Code
SE 2555
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Near Field Communication Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2020 MarketsandMarkets Research Private Ltd. All rights reserved

Digital Virtual Assistant - MarketsandMarkets