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PUBLISHER: IMARC | PRODUCT CODE: 1225306
PUBLISHER: IMARC | PRODUCT CODE: 1225306
Near Field Communication (NFC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global near field communication (NFC) market size reached US$ 22.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 36.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.03% during 2023-2028.
Near-field communication (NFC) refers to a short-range wireless technology that allows two devices to communicate using a low-power protocol. Tags, integrated circuits (ICs), SIM cards, and readers are some commonly used NFC devices. It is widely used for marketing, making payments, ticketing, and gaming applications in smartphones, tablets, laptops, wearables, cameras, and printers. NFC allows faster payment transactions and offers convenience, versatility, and seamless communication between devices, due to which it is widely adopted in retail, transportation, automotive, healthcare, hospitality, consumer electronics, banking, financial services, and insurance (BFSI) sectors.
Near Field Communication (NFC) Market Trends:
- The global near-field communication (NFC) market is primarily being driven by the increasing product utilization in contactless payment and information systems. In line with this, the rising practice of social distancing to minimize human contact due to the advent of COVID-19 disease has increased the adoption of intelligent payment solutions like cashless or contactless payments, which is propelling the market growth. Additionally, the integration of machine learning (ML) with NFC in retail marketing to enhance engagement and personalized shopping experience by providing detailed information about products and services, offering demos, and addressing queries are providing an impetus to the market growth. Furthermore, the increasing demand for smartphones enabled with NFC technology that allows consumers to make easier and faster mobile transactions is acting as another growth-inducing factor. Moreover, the introduction of NFC-enabled smart posters, boarding passes, and sensors is creating a positive outlook for the market. Other factors, including the integration of the Internet of Things (IoT) with NFC-compatible smart wearables, the implementation of various government initiatives promoting a cashless economy, and extensive research and development (R&D) activities, are anticipated to drive the market toward growth.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global near field communication (NFC) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on offering, operating mode and end user.
Breakup by Offering:
- Non-Auxiliary Products
- NFC ICS and Antennas
- NFC Tags
- NFC Readers
- Auxiliary Products
- NFC Micro Sd Cards
- NFC SIM/UICC Cards
- NFC Covers
- Software
Breakup by Operating Mode:
- Read and Write Mode
- Peer-To-Peer Mode
- Card Emulation Mode
Breakup by End User:
- Retail
- Transportation
- Automotive
- Residential and Commercial
- Medical and Healthcare
- Consumer Electronics
- Banking and Finance
- Hospitality
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Avery Dennison Corporation, Broadcom Inc., Hid Global Corporation (Assa Abloy AB), Identiv Inc., Infineon Technologies AG, Magtek Inc., NXP Semiconductors N.V., Samsung Electronics Co. Ltd., Sony Group Corporation, STMicroelectronics, Texas Instruments Incorporated and Thales Group.
Key Questions Answered in This Report:
- How has the global near field communication (NFC) market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global near field communication (NFC) market?
- What are the key regional markets?
- What is the breakup of the market based on the offering?
- What is the breakup of the market based on the operating mode?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global near field communication (NFC) market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR1423A147_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Near Field Communication (NFC) Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Offering
- 6.1 Non-Auxiliary Products
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 NFC ICS and Antennas
- 6.1.2.2 NFC Tags
- 6.1.2.3 NFC Readers
- 6.1.3 Market Forecast
- 6.2 Auxiliary Products
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 NFC Micro Sd Cards
- 6.2.2.2 NFC SIM/UICC Cards
- 6.2.2.3 NFC Covers
- 6.2.3 Market Forecast
- 6.3 Software
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Operating Mode
- 7.1 Read and Write Mode
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Peer-To-Peer Mode
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Card Emulation Mode
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by End User
- 8.1 Retail
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Transportation
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Automotive
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Residential and Commercial
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Medical and Healthcare
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Consumer Electronics
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Banking and Finance
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
- 8.8 Hospitality
- 8.8.1 Market Trends
- 8.8.2 Market Forecast
- 8.9 Others
- 8.9.1 Market Trends
- 8.9.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Avery Dennison Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Broadcom Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Hid Global Corporation (Assa Abloy AB)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Identiv Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Infineon Technologies AG
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Magtek Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 NXP Semiconductors N.V.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Samsung Electronics Co. Ltd.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Sony Group Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 STMicroelectronics
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Texas Instruments Incorporated
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Thales Group
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.1 Avery Dennison Corporation
Product Code: SR1423A147_Report
List of Figures
- Figure 1: Global: Near Field Communication Market: Major Drivers and Challenges
- Figure 2: Global: Near Field Communication Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Near Field Communication Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Near Field Communication Market: Breakup by Offering (in %), 2022
- Figure 5: Global: Near Field Communication Market: Breakup by Operating Mode (in %), 2022
- Figure 6: Global: Near Field Communication Market: Breakup by End User (in %), 2022
- Figure 7: Global: Near Field Communication Market: Breakup by Region (in %), 2022
- Figure 8: Global: Near Field Communication (Non-Auxiliary Products) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Near Field Communication (Non-Auxiliary Products) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Near Field Communication (Auxiliary Products) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Near Field Communication (Auxiliary Products) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Near Field Communication (Software) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Near Field Communication (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Near Field Communication (Read and Write Mode) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Near Field Communication (Read and Write Mode) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Near Field Communication (Peer-To-Peer Mode) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Near Field Communication (Peer-To-Peer Mode) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Near Field Communication (Card Emulation Mode) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Near Field Communication (Card Emulation Mode) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Near Field Communication (Retail) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Near Field Communication (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Near Field Communication (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Near Field Communication (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Near Field Communication (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Near Field Communication (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Near Field Communication (Residential and Commercial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Near Field Communication (Residential and Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Near Field Communication (Medical and Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Near Field Communication (Medical and Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Near Field Communication (Consumer Electronics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Near Field Communication (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Near Field Communication (Banking and Finance) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Near Field Communication (Banking and Finance) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Near Field Communication (Hospitality) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Near Field Communication (Hospitality) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Near Field Communication (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Near Field Communication (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: North America: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: North America: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: United States: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: United States: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Canada: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Canada: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Asia-Pacific: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Asia-Pacific: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: China: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: China: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Japan: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Japan: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: India: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: India: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: South Korea: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: South Korea: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Australia: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Australia: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Indonesia: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Indonesia: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Others: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Others: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Europe: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Europe: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Germany: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Germany: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: France: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: France: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: United Kingdom: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: United Kingdom: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Italy: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Italy: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Spain: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Spain: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Russia: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Russia: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Latin America: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Latin America: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Brazil: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Brazil: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Mexico: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Mexico: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Others: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Others: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Middle East and Africa: Near Field Communication Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Middle East and Africa: Near Field Communication Market: Breakup by Country (in %), 2022
- Figure 86: Middle East and Africa: Near Field Communication Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 87: Global: Near Field Communication Industry: SWOT Analysis
- Figure 88: Global: Near Field Communication Industry: Value Chain Analysis
- Figure 89: Global: Near Field Communication Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Near Field Communication Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Near Field Communication Market Forecast: Breakup by Offering (in Million US$), 2023-2028
- Table 3: Global: Near Field Communication Market Forecast: Breakup by Operating Mode (in Million US$), 2023-2028
- Table 4: Global: Near Field Communication Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Near Field Communication Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Near Field Communication Market: Competitive Structure
- Table 7: Global: Near Field Communication Market: Key Players
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