Near Field Communication Global Market Report 2024

Description

Near-field communication (NFC) is a short-range wireless communication technology that enables data exchange between devices when they are brought into close proximity, typically within a few centimeters. It is widely utilized for various applications and purposes owing to its versatility, simplicity, and security features.

The main types of near-field communication are non-auxiliary and auxiliary. Non-auxiliary methods or tools are considered primary and essential, not secondary or supportive. These methods operate based on read and write mode, peer-to-peer mode, and card emulation mode. Near-field communication finds application in various end-users, including cloud services, telecom services, and enterprises.

The near-field communication market research report is one of a series of new reports from The Business Research Company that provides near-field communication market statistics, including near-field communication industry global market size, regional shares, competitors with a near-field communication market share, detailed near-field communication market segments, market trends and opportunities, and any further data you may need to thrive in the near-field communication industry. This near-field communication market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The near field communication market size has grown rapidly in recent years. It will grow from $26.78 billion in 2023 to $30.47 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth observed in the historical period can be attributed to the integration of near-field communication (NFC) into mobile devices, the adoption of contactless payment methods, the implementation of transportation ticketing solutions, the use of NFC in smart access and security systems, and its applications in marketing and advertising.

The near field communication market size is expected to see rapid growth in the next few years. It will grow to $51.24 billion in 2028 at a compound annual growth rate (CAGR) of 13.9%. The anticipated growth in the forecast period can be attributed to collaborative efforts in standards development, the expansion of retail and loyalty programs, innovations in security and access control, integration with healthcare records and wearables, and the continued growth in transport and ticketing solutions. Major trends expected in the forecast period include the integration of biometric authentication, a focus on smart packaging solutions, an expansion in smart home applications, a rise in health and wellness tracking, and increased integration with public services.

The growth of the near-field communication market is anticipated to be propelled by the increased adoption of smartphones. Smartphone adoption measures the rate at which individuals acquire and utilize smartphones as their primary mobile communication and computing devices. With near-field communication (NFC) technology, smartphones can communicate with nearby devices, enabling various functionalities such as mobile payments, digital content exchange, and connection with electronic devices. A report by Cybercrew in March 2023 revealed that 91.43% of households in the United Kingdom were using mobile internet in 2021, and this percentage is expected to rise to 93.8% by 2026, indicating a steady upward trajectory in smartphone usage. Consequently, the heightened adoption of smartphones is a key driver fueling the growth of the near-field communication market.

The growing adoption of the Internet of Things (IoT) is poised to contribute to the expansion of the near-field communication market. IoT involves interconnected physical objects or devices exchanging data over the Internet, enhancing autonomous communication and task performance. NFC facilitates seamless device setup and data exchange within the IoT, offering quick and secure connectivity by simply tapping devices together. According to a report by Ericsson in September 2022, global IoT connections reached 13.2 billion in 2022 and are projected to increase by 18% to 34.7 billion connections by 2028. This surge in IoT adoption is a driving force behind the growth of the near-field communication market.

The near-field communication market faces a significant restraint in the form of data security concerns. The nature of NFC technology, involving data exchange in close proximity, raises vulnerabilities to data interception, unauthorized access, and potential breaches. These security risks, especially in applications such as mobile payments and access control systems, can deter both consumers and businesses from embracing NFC technology. The Australian Cyber Security Centre reported a 13% increase in cybercrime reports between July 2021 and June 2022, underscoring the prevailing data security concerns. Consequently, these apprehensions pose a hindrance to the growth of the near-field communication market.

Key players in the near-field communication (NFC) market are at the forefront of developing cutting-edge products to address the demand for innovative solutions, exemplified by the creation of the NAC1080. This product serves as a cost-effective and user-friendly platform designed for the development of smart actuators. The NAC1080 is a single-chip solution that seamlessly integrates crucial components such as an H-bridge, energy harvesting module, NFC frontend, sensing unit, and motor driver. Introduced by Infineon Technologies AG, a prominent semiconductor manufacturer based in Germany, the NAC1080 utilizes a programmable 32-bit ARM Cortex-M0 microcontroller with an embedded NFC frontend. This facilitates the economical development of smart actuators, including passive locks. The versatility and user-friendly nature of the NAC1080 make it an ideal framework for crafting smart actuators. Notably, it incorporates various security features, such as a real random number generator, a protected flash section, and a 128-bit AES accelerator. Additionally, the NAC1080 leverages near-field communication, a wireless technique enabling data sharing between devices in close proximity.

In June 2023, Renesas Electronics Corporation, a semiconductor manufacturing company based in Japan, executed the acquisition of Panthronics AG. This acquisition underscores Renesas' commitment to fortifying its presence in the NFC market. Panthronics AG, headquartered in Austria, specializes as a fabless semiconductor company, focusing on providing smart chipsets designed for near-field communication (NFC) technology. The acquisition is expected to contribute to Renesas' capabilities in meeting the rising demand for NFC solutions, reaffirming its commitment to innovation and market leadership in this evolving technological landscape.

Major companies operating in the near field communication market report are Google LLC, Samsung Electronics Corporation, Microsoft Corporation, At and T Inc., Verizon Communications Inc., Sony Group Corporation, T-Mobile US Inc., Qualcomm Technologies Inc., Toshiba Electronic Devices and Storage Corporation, Broadcom, Nokia Corporation, Royal Philips Electronics, Texas Instruments Incorporated, Thales Group, MediaTek Inc., Infineon Technologies, STmicroelectronics N.V., NXP Semiconductors N.V., Renesas Electronics Corporation, Avery Dennison, Motorola Solutions Inc., Omron Healthcare, Ams-OSRAM AG, HID Global, A and D Company Limited, Impak Health Nedap, Identive Group, MagTek Inc., Gentag Inc.

North America was the largest region in the near field communication market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the near field communication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the near field communication market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The near-field communication (NFC) market consists of revenues earned by entities by providing services such as contactless ticketing, access control, information sharing, data exchange, credit card authentication, and smart home integration. The market value includes the value of related goods sold by the service provider or included within the service offering. The near-field communication market consists of sales of near-field communication readers, smartphones and tablets, smart cards, healthcare devices, NFC microSD cards, NFC covers, and IoT devices. Values in this market are "factory gate" values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Near Field Communication Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on near field communication market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for near field communication? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The near field communication market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Non-Auxiliary; Auxiliary
2) By Operating Mode: Read And Write Mode; Peer-To-Peer Mode; Card Emulation Mode
3) By End-User: Cloud Service; Telecom Service; Enterprise
Companies Mentioned: Google LLC; Samsung Electronics Corporation; Microsoft Corporation; At and T Inc.; Verizon Communications Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r13486

1. Executive Summary

2. Near Field Communication Market Characteristics

3. Near Field Communication Market Trends And Strategies

4. Near Field Communication Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Near Field Communication Market Size and Growth

5.1. Global Near Field Communication Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Near Field Communication Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Near Field Communication Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Near Field Communication Market Segmentation

6.1. Global Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Non-Auxiliary
Auxiliary
6.2. Global Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Read And Write Mode
Peer-To-Peer Mode
Card Emulation Mode
6.3. Global Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cloud Service
Telecome Service
Enterprise

7. Near Field Communication Market Regional And Country Analysis

7.1. Global Near Field Communication Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Near Field Communication Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Near Field Communication Market

8.1. Asia-Pacific Near Field Communication Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Near Field Communication Market

9.1. China Near Field Communication Market Overview
9.2. China Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Near Field Communication Market

10.1. India Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Near Field Communication Market

11.1. Japan Near Field Communication Market Overview
11.2. Japan Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Near Field Communication Market

12.1. Australia Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Near Field Communication Market

13.1. Indonesia Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Near Field Communication Market

14.1. South Korea Near Field Communication Market Overview
14.2. South Korea Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Near Field Communication Market

15.1. Western Europe Near Field Communication Market Overview
15.2. Western Europe Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Near Field Communication Market

16.1. UK Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Near Field Communication Market

17.1. Germany Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Near Field Communication Market

18.5. France Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Near Field Communication Market

19.9. Italy Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Near Field Communication Market

20.13. Spain Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Near Field Communication Market

21.1. Eastern Europe Near Field Communication Market Overview
21.2. Eastern Europe Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Near Field Communication Market

22.1. Russia Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Near Field Communication Market

23.1. North America Near Field Communication Market Overview
23.2. North America Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Near Field Communication Market

24.1. USA Near Field Communication Market Overview
24.2. USA Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Near Field Communication Market

25.1. Canada Near Field Communication Market Overview
25.2. Canada Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Near Field Communication Market

26.1. South America Near Field Communication Market Overview
26.2. South America Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Near Field Communication Market

27.1. Brazil Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Near Field Communication Market

28.1. Middle East Near Field Communication Market Overview
28.2. Middle East Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Near Field Communication Market

29.1. Africa Near Field Communication Market Overview
29.2. Africa Near Field Communication Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Near Field Communication Market, Segmentation By Operating Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Near Field Communication Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Near Field Communication Market Competitive Landscape And Company Profiles

30.1. Near Field Communication Market Competitive Landscape
30.2. Near Field Communication Market Company Profiles
- 30.2.1. Google LLC
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Samsung Electronics Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Microsoft Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. At and T Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Verizon Communications Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Near Field Communication Market Other Major And Innovative Companies

31.1. Sony Group Corporation
31.2. T-Mobile US Inc.
31.3. Qualcomm Technologies Inc.
31.4. Toshiba Electronic Devices and Storage Corporation
31.5. Broadcom
31.6. Nokia Corporation
31.7. Royal Philips Electronics
31.8. Texas Instruments Incorporated
31.9. Thales Group
31.10. MediaTek Inc.
31.11. Infineon Technologies
31.12. STmicroelectronics N.V.
31.13. NXP Semiconductors N.V.
31.14. Renesas Electronics Corporation
31.15. Avery Dennison

32. Global Near Field Communication Market Competitive Benchmarking

33. Global Near Field Communication Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Near Field Communication Market

35. Near Field Communication Market Future Outlook and Potential Analysis

35.1 Near Field Communication Market In 2028 - Countries Offering Most New Opportunities
35.2 Near Field Communication Market In 2028 - Segments Offering Most New Opportunities
35.3 Near Field Communication Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer