Near Field Communication (NFC) Market Research Report – Forecast to 2023

Near Field Communication Market Research Report, by Type (Non-Auxiliary and Auxiliary), Device (Smartphone, Tablet, Laptop & Computer), End-User (Cloud Service, Telecom Service, Enterprise), Application (NFC-based Payment, Ticketing) — Global Forecast till 2023

ID: MRFR/SEM/1061-HCR | February 2021 | Region: Global | 102 pages

Market Synopsis


Near Field Communication (NFC) is a technology, jointly developed by Philips and Sony that allows electronic devices like smartphones or tablets to exchange information when they are touched together or brought within few centimeters of each other. Near field communication is a short-range wireless connectivity that uses magnetic field induction to enable communication between devices. Near field communication (NFC) technology offers smartphones and other NFC-enabled devices to communicate through NFC tags and NFC chips. NFC simplifies and speeds up the payment process by enabling users to make payment by placing a compatible device like a smartphone or payment card within a few centimeters of another compatible device. Android devices with NFC support three main modes of operation: reader/writer mode, P2P mode, and card emulation mode. The reader/writer mode enables NFC devices to read and/or write passive NFC tags and stickers. P2P mode enables NFC devices to exchange data with one another. Card emulation mode allows NFC device itself to act as an NFC card. The emulated NFC card can be accessed by an external NFC reader such as an NFC point of sale terminal. NFC offers speedy and secure sharing of documents, files and confidential data in corporate environments. Also, in case of payments, the card details of the consumer are stored on the mobile phone in a secure way. Advantages of near field communication are convenience of payment, Versatile, Seamless, secure and others.


The key players in the near field communication market are NXP Semiconductors (Netherlands), Broadcom Corporation (US), Samsung Semiconductors (South Korea), Intel Corporation (US), Qualcomm Inc. (US) and others. NXP Semiconductors is one of the prominent players in the market offering NFC products such as NFC reader ICs, NFC tags and label ICs, NFC tags for electronics and NTAG SmartSensor. Samsung Semiconductors is another key player in the market. Samsung NFC features the greatest operating distance compared to industry standards, thanks to powerful RF performance in both card and reader mode. It allows the most convenient deployment of NFC applications, such as payment, authentication and transit.


Major factors driving near field communication market are increasing adoption of NFC technology by various manufacturers of smartphones and other similar devices, convenient transfer & security of data, and increasing use of smartphones for cashless transactions. However, lack of awareness about the benefits of NFC, expensive development cost, competition from substitute payment methods, issue of short-range communication, and growing security concerns may hinder the growth of NFC market.


Near Field Communication Market USD Billions


Near Field Communication Market


Source: MRFR Analysis


The near field communication market is expected to reach USD 30 billion by the end of the forecast period at 17% CAGR.


Segmentation


By type, the market is segmented into non-auxiliary and auxiliary. Non-auxiliary segment is further sub-segmented into NFC ICs & antennas, NFC tags and NFC readers. Auxiliary segment is further sub-segmented into NFC micro SD cards, NFC SIM /UICC cards, and NFC covers.


By device, the market is segmented into smartphones, tablets, laptops & computers and others.


By application, the market is segmented into NFC-based payments, ticketing, booking, data sharing, authentication and access control, healthcare, games and toys.


Regional analysis


The global near field communication market is estimated to grow at a significant rate during the forecast period from 2018 to 2022. The geographical analysis of near field communication market is studied for North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to dominate the market followed by Europe owing to the presence of advanced technology and presence of global players. Asia-Pacific is expected to emerge as the fastest growing market for near-field communication due to heavy demand for NFC-enabled smartphones, growing consumer electronics industry, and increasing security concerns in industries such as BFSI. Also, rising income, high adoption of smart appliances, and rising per capita income in countries such as India and China are expected to create enormous growth for near field communication market in the Asia-Pacific region.


Key players


Prominent players in the global near field communication market include NXP Semiconductors (Netherlands), Broadcom Corporation (US), SAMSUNG (South Korea), Intel Corporation (US), Qualcomm Inc. (US), ams AG (Austria), STMicroelectronics  (Switzerland), Texas Instruments Incorporated  (US), MStar Semiconductor, Inc. (Taiwan), Flomio, Inc. (US), among others.


Other players in the market includes Blue Bite LLC, HID Global Corporation, Cellotape Smart Products, Advanced Card Systems Holdings Limited, Thinfilm, Smartwhere, LLC., SMARTRAC N.V., among others.s


Intended Audience



  • BFSI

  • Security Provider Firms

  • Contactless Chip Manufacturers

  • Consumer Electronic Manufactures

  • Research Organizations

  • Investment Firms

  • Resellers and Distributors

  • Government Agencies

  • VARs

  • Investors and consultants



Frequently Asked Questions (FAQ) :


A USD 30 billion earning is anticipated to be gained by the end of the forecast period at a 17% CAGR roughly by 2023.

Qualcomm Inc. (US), Intel Corporation (US), ams AG (Austria), STMicroelectronics (Switzerland) are the notable players in the market.

The issues related to short-range communication are projected to motivate the market in the coming years.

The convenience in deployment of NFC applications is estimated to spur the market growth in the coming years.

The market is segmented on the basis of types, device and application to enable a better comprehension of the market scenario.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Near Field Communication Market

5 Industry Overview of Global Near Field Communication Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Near Field Communication Market by Type

7.1 Introduction

7.2 Non-Auxiliary

7.2.1 NFC ICs & Antennas

7.2.1.1 Market Estimates & Forecast, 2018–2023

7.2.1.2 Market Estimates & Forecast by Region, 2018–2023

7.2.2 NFC Tags

7.2.2.1 Market Estimates & Forecast, 2018–2023

7.2.2.2 Market Estimates & Forecast by Region, 2018–2023

7.2.3 NFC Readers

7.2.3.1 Market Estimates & Forecast, 2018–2023

7.2.3.2 Market Estimates & Forecast, by Region, 2018–2023

7.3 Auxiliary

7.3.1 NFC Micro SD Cards

7.3.1.1 Market Estimates & Forecast, 2018–2023

7.3.1.2 Market Estimates & Forecast, by Region, 2018–2023

7.3.3 NFC SIM /UICC cards

7.3.3.1 Market Estimates & Forecast, 2018–2023

7.3.3.2 Market Estimates & Forecast, by Region, 2018–2023

7.3.3 NFC covers

7.3.3.1 Market Estimates & Forecast, 2018–2023

7.3.3.2 Market Estimates & Forecast, by Region, 2018–2023

8. Global Near Field Communication Market by Device

8.1 Introduction

8.2 Smartphones

8.2.1 Market Estimates & Forecast, 2018–2023

8.2.2 Market Estimates & Forecast, by Region, 2018–2023

8.3 Tablets

8.3.1 Market Estimates & Forecast, 2018–2023

8.3.2 Market Estimates & Forecast, by Region, 2018–2023

8.4 Laptops

8.4.1 Market Estimates & Forecast, 2018–2023

8.4.2 Market Estimates & Forecast, by Region, 2018–2023

8.5 Computers

8.5.1 Market Estimates & Forecast, 2018–2023

8.5.2 Market Estimates & Forecast, by Region, 2018–2023

8.6 Others

8.6.1 Market Estimates & Forecast, 2018–2023

8.6.2 Market Estimates & Forecast, by Region, 2018–2023

9. Global Near Field Communication Market by Application

9.1 Introduction

9.2 NFC-Based Payments

9.2.1 Market Estimates & Forecast, 2018–2023

9.2.2 Market Estimates & Forecast, by Region, 2018–2023

9.3 Ticketing

9.3.1 Market Estimates & Forecast, 2018–2023

9.3.2 Market Estimates & Forecast, by Region, 2018–2023

9.4 Booking

9.4.1 Market Estimates & Forecast, 2018–2023

9.4.2 Market Estimates & Forecast, by Region, 2018–2023

9.5 Data Sharing

9.5.1 Market Estimates & Forecast, 2018–2023

9.5.2 Market Estimates & Forecast, by Region, 2018–2023

9.6 Authentication and Access Control

9.6.1 Market Estimates & Forecast, 2018–2023

9.6.2 Market Estimates & Forecast, by Region, 2018–2023

9.7 Healthcare

9.7.1 Market Estimates & Forecast, 2018–2023

9.7.2 Market Estimates & Forecast, by Region, 2018–2023

9.8 Games and Toys

9.8.1 Market Estimates & Forecast, 2018–2023

9.8.2 Market Estimates & Forecast, by Region, 2018–2023

10. Global Near Field Communication Market by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, 2018–2023

10.2.2 Market Estimates & Forecast, by Type, 2018–2023

10.2.3 Market Estimates & Forecast, by Device, 2018–2023

10.2.4 Market Estimates & Forecast, by Application, 2018–2023

10.2.5 US

10.2.5.1 Market Estimates & Forecast, 2018–2023

10.2.5.2 Market Estimates & Forecast, by Type, 2018–2023

10.2.5.3 Market Estimates & Forecast, by Device, 2018–2023

10.2.5.4 Market Estimates & Forecast, by Application, 2018–2023

10.2.6 Canada

10.2.6.1 Market Estimates & Forecast, 2018–2023

10.2.6.2 Market Estimates & Forecast, by Type, 2018–2023

10.2.6.3 Market Estimates & Forecast, by Device, 2018–2023

10.2.6.4 Market Estimates & Forecast, by Application, 2018–2023

10.2.7 Mexico

10.2.7.1 Market Estimates & Forecast, 2018–2023

10.2.7.2 Market Estimates & Forecast, by Type, 2018–2023

10.2.7.3 Market Estimates & Forecast, by Device, 2018–2023

10.2.7.4 Market Estimates & Forecast, by Application, 2018–2023

10.3 Europe

10.3.1 Market Estimates & Forecast, 2018–2023

10.3.2 Market Estimates & Forecast, by Type, 2018–2023

10.3.3 Market Estimates & Forecast, by Device, 2018–2023

10.3.4 Market Estimates & Forecast, by Application, 2018–2023

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, 2018–2023

10.3.5.2 Market Estimates & Forecast, by Type, 2018–2023

10.3.5.3 Market Estimates & Forecast, by Device, 2018–2023

10.3.5.4 Market Estimates & Forecast, by Application, 2018–2023

10.3.6 France

10.3.6.1 Market Estimates & Forecast, 2018–2023

10.3.6.2 Market Estimates & Forecast, by Type, 2018–2023

10.3.6.3 Market Estimates & Forecast, by Device, 2018–2023

10.3.6.4 Market Estimates & Forecast, by Application, 2018–2023

10.3.7 Italy

10.3.7.1 Market Estimates & Forecast, 2018–2023

10.3.7.2 Market Estimates & Forecast, by Type, 2018–2023

10.3.7.3 Market Estimates & Forecast, by Device, 2018–2023

10.3.7.4 Market Estimates & Forecast, by Application, 2018–2023

10.3.8 Spain

10.3.8.1 Market Estimates & Forecast, 2018–2023

10.3.8.2 Market Estimates & Forecast, by Type, 2018–2023

10.3.8.3 Market Estimates & Forecast, by Device 2018–2023

10.3.8.4 Market Estimates & Forecast, by Application, 2018–2023

10.3.9 UK

10.3.9.1 Market Estimates & Forecast, 2018–2023

10.3.9.2 Market Estimates & Forecast, by Type, 2018–2023

10.3.9.3 Market Estimates & Forecast, by Device, 2018–2023

10.3.9.4 Market Estimates & Forecast by Application, 2018–2023

10.4 Asia-Pacific

10.4.1 Market Estimates & Forecast, 2018–2023

10.4.2 Market Estimates & Forecast, by Type, 2018–2023

10.4.3 Market Estimates & Forecast, by Device, 2018–2023

10.4.4 Market Estimates & Forecast, by Application, 2018–2023

10.4.5 China

10.4.5.1 Market Estimates & Forecast, 2018–2023

10.4.5.2 Market Estimates & Forecast, by Type, 2018–2023

10.4.5.3 Market Estimates & Forecast, by Device, 2018–2023

10.4.5.4 Market Estimates & Forecast, by Application, 2018–2023

10.4.6 India

10.4.6.1 Market Estimates & Forecast, 2018–2023

10.4.6.2 Market Estimates & Forecast, by Type, 2018–2023

10.4.6.3 Market Estimates & Forecast, by Device, 2018–2023

10.4.6.4 Market Estimates & Forecast, by Application, 2018–2023

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, 2018–2023

10.4.7.2 Market Estimates & Forecast, by Type, 2018–2023

10.4.7.3 Market Estimates & Forecast, by Device, 2018–2023

10.4.7.4 Market Estimates & Forecast, by Application, 2018–2023

10.4.8 Rest of Asia-Pacific

10.4.8.1 Market Estimates & Forecast, 2018–2023

10.4.8.2 Market Estimates & Forecast, by Type, 2018–2023

10.4.8.3 Market Estimates & Forecast, by Device, 2018–2023

10.4.8.4 Market Estimates & Forecast, by Application, 2018–2023

10.5 Rest of the World

10.5.1 Market Estimates & Forecast, 2018–2023

10.5.2 Market Estimates & Forecast, by Type, 2018–2023

10.5.3 Market Estimates & Forecast, by Device, 2018–2023

10.5.4 Market Estimates & Forecast, by Application, 2018–2023

10.5.5 Middle East & Africa

10.5.5.1 Market Estimates & Forecast, 2018–2023

10.5.5.2 Market Estimates & Forecast, by Type, 2018–2023

10.5.5.3 Market Estimates & Forecast, by Device, 2018–2023

10.5.5.4 Market Estimates & Forecast, by Application, 2018–2023

10.5.6 Latin America

10.5.6.1 Market Estimates & Forecast, 2018–2023

10.5.6.2 Market Estimates & Forecast, by Type, 2018–2023

10.5.6.3 Market Estimates & Forecast, by Device, 2018–2023

10.5.6.4 Market Estimates & Forecast, by Application, 2018–2023

11. Company Landscape

12. Company Profiles

12.1 NXP Semiconductors

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 Broadcom Corporation

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 SAMSUNG

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 Intel Corporation

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 Qualcomm Inc.

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 ams AG

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 STMicroelectronics

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 Texas Instruments Incorporated

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 MStar Semiconductor, Inc.

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.10 Flomio, Inc

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

13 Conclusion

LIST OF TABLES

Table 1 Global Near Field Communication Market, by Region, 2018–2023

Table 2 North America: Near Field Communication Market, by Country, 2018–2023

Table 3 Europe: Near Field Communication Market, by Country, 2018–2023

Table 4 Asia-Pacific: Near Field Communication Market, by Country, 2018–2023

Table 5 The Middle East & Africa: Near Field Communication Market, by Country, 2018–2023

Table 6 Latin America: Near Field Communication Market, by Country, 2018–2023

Table 7 Global Near Field Communication Type Market, by Region, 2018–2023

Table 8 North America: Near Field Communication Type Market, by Country, 2018–2023

Table 9 Europe: Near Field Communication Type Market, by Country, 2018–2023

Table10 Asia-Pacific: Near Field Communication Type Market, by Country, 2018–2023

Table11 Middle East & Africa: Near Field Communication Type Market, by Country, 2018–2023

Table12 Latin America: Near Field Communication Type Market, by Country, 2018–2023

Table13 Global Near Field Communication Device Market, by Region, 2018–2023

Table14 North America: Near Field Communication Device Market, by Country, 2018–2023

Table15 Europe: Near Field Communication Device Market, by Country, 2018–2023

Table16 Asia-Pacific: Near Field Communication Device Market, by Country, 2018–2023

Table17 Middle East & Africa: Near Field Communication Device Market, by Country, 2018–2023

Table18 Latin America: Near Field Communication Device Market, by Country, 2018–2023

Table19 Global Near Field Communication Application Market, by Region, 2018–2023

Table20 North America: Near Field Communication Application Market, by Country, 2018–2023

Table21 Europe: Near Field Communication Application Market, by Country, 2018–2023

Table22 Asia-Pacific: Near Field Communication Application Market, by Country, 2018–2023

Table23 Middle East & Africa: Near Field Communication Application Market, by Country, 2018–2023

Table24 Latin America: Near Field Communication Application Market, by Country, 2018–2023

Table25 Global Type Market, by Region, 2018–2023

Table26 Global Device Market, by Region, 2018–2023

Table27 Global Application Market, by Region, 2018–2023

Table28 North America: Near Field Communication Market, by Country

Table29 North America: Near Field Communication Market, by Type

Table30 North America: Near Field Communication Market, by Device

Table31 North America: Near Field Communication Market, by Application

Table32 Europe: Near Field Communication Market, by Country

Table33 Europe: Near Field Communication Market, by Type

Table34 Europe: Near Field Communication Market, by Device

Table 35 Europe: Near Field Communication Market, by Application

Table36 Asia-Pacific: Near Field Communication Market, by Country

Table37 Asia-Pacific: Near Field Communication Market, by Type

Table38 Asia-Pacific: Near Field Communication Market, by Device

Table 39 Asia-Pacific: Near Field Communication Market, by Application

Table40 Middle East & Africa: Near Field Communication Market, by Country

Table41 Middle East & Africa: Near Field Communication Market, by Type

Table42 Middle East & Africa: Near Field Communication Market, by Device

Table43 Middle East & Africa: Near Field Communication Market, by Application

Table44 Latin America: Near Field Communication Market, by Country

Table45 Latin America: Near Field Communication Market, by Type

Table46 Latin America: Near Field Communication Market, by Device

Table47 Latin America: Near Field Communication Market, by Application

LIST OF FIGURES

FIGURE 1 Global Near Field Communication Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Near Field Communication Market

FIGURE 4 Value Chain of Global Near Field Communication Market

FIGURE 5 Share of Global Near Field Communication Market in 2017, by Country (in %)

FIGURE 6 Global Near Field Communication Market, 2018–2023

FIGURE 7 Sub-segments of Type

FIGURE 8 Global Near Field Communication Market Size, by Type, 2017

FIGURE 9 Share of Global Near Field Communication Market, by Type, 2018 to 2023

FIGURE 10 Global Near Field Communication Market Size, by Device, 2017

FIGURE 11 Share of Global Near Field Communication Market, by Device, 2018 to 2023

FIGURE 12 Global Near Field Communication Market Size, by Application, 2018 to 2023

FIGURE 13 Share of Global Near Field Communication Market, by Application, 2018 to 2023