Name: India Near Field Communication Market Size, Share, Growth and Industry Report
Creator: IMARC Group
License: https://www.imarcgroup.com/privacy-policy
Keywords: India Near Field Communication Market, India Near Field Communication Market Report

India Near Field Communication Market Size, Share, Trends, and Forecast by Product Type, Device Operating Mode, Application, Device Type, End User, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A30093

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India Near Field Communication Market Size and Share:

The India near field communication market size reached USD 830.23 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,386.06 Million by 2033, exhibiting a growth rate (CAGR) of 5.90% during 2025-2033. The industry is witnessing exponential growth, impacted by heightening smartphone penetration, digital payment adoption, and advancements in contactless technology. The rising demand in retail, transportation, and secure access control applications is further fueling market expansion across various industries.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 830.23 Million
Market Forecast in 2033	USD 1,386.06 Million
Market Growth Rate (2025-2033)	5.90%

India Near Field Communication Market Trends:

Growing Adoption of Contactless Payments

The increasing shift toward digital transactions is significantly driving the adoption of Near Field Communication (NFC) technology in India. The widespread use of smartphones, coupled with the rising penetration of digital wallets, such as Google Pay, PhonePe, and Paytm, has accelerated NFC-based payment solutions. For instance, as per industry reports, on the basis of volume, PhonePe accounted for 48.3% of the digital payment market share in India, followed by Google Pay attaining 36.7% and Paytm securing 8% of the market share respectively in 2024. PhonePe was found to process USD 124 Billion transactions. The Reserve Bank of India’s push for a cashless economy and the growing preference for seamless, tap-to-pay transactions in retail, transportation, and hospitality sectors are further supporting this trend. NFC-enabled payment cards and wearables are also gaining traction, offering enhanced security and convenience. Financial institutions and fintech firms are expanding their NFC offerings, ensuring faster transaction processing and fraud prevention. Additionally, major smartphone manufacturers are integrating NFC chips into mid-range and budget devices, making the technology more accessible. As businesses and consumers prioritize frictionless and secure payment experiences, NFC-based contactless payments are expected to witness substantial growth in the coming years.

India Near Field Communication Market Size

Rising Adoption of NFC-Enabled IoT Devices

The proliferation of the Internet of Things (IoT) is driving the integration of NFC technology in smart devices across industries, such as consumer electronics, automotive, and healthcare. NFC-enabled IoT solutions allow seamless device pairing, configuration, and data exchange with minimal user intervention. Smart home devices, including NFC-based locks, lighting systems, and appliances, are gaining popularity for their convenience and automation capabilities. In the automotive sector, NFC is being used for keyless entry and in-vehicle payments, enhancing user experience. The healthcare industry is also leveraging NFC for patient monitoring, medical record access, and pharmaceutical authentication. As the demand for connected devices grows, manufacturers are embedding NFC chips into a wide range of products to enable effortless communication and data transfer. The increasing focus on smart cities and digital transformation initiatives in India further accelerates the adoption of NFC-powered IoT solutions, making them a critical component of the evolving technology landscape. For instance, as per industry reports, in June 2015, the Government of India announced the launch of Smart Cities Mission with target to transforming 100 cities by leveraging USD 17.8 Billion investment. As of December 2024, 91% of all projects have been successfully finalized.

India Near Field Communication Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on product type, device operating mode, application, device type, and end user.

Product Type Insights:

Non-Auxiliary Products
Auxiliary Products

The report has provided a detailed breakup and analysis of the market based on the product type. This includes non-auxiliary products and auxiliary products.

Device Operating Mode Insights:

Reader Emulation
Card Emulation
Peer-To-Peer

A detailed breakup and analysis of the market based on the device operating mode have also been provided in the report. This includes reader emulation, card emulation, and peer-to-peer.

Application Insights:

India Near Field Communication Market By Application

Mobile/Contact Less Payment
Information Sharing
User Authentication and Access Control
Monitoring Healthcare Systems
Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes mobile/contact less payment, information sharing, user authentication and access control, monitoring healthcare systems, and others.

Device Type Insights:

Smartphones and Tablets
Laptops and Personal Computers
Others

A detailed breakup and analysis of the market based on the device type have also been provided in the report. This includes smartphones and tablets, laptops and personal computers, and others.

End User Insights:

Retail
Transportation
Healthcare
BFSI
Others

A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes retail, transportation, healthcare, BFSI, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Near Field Communication Market News:

In July 2024, One 97 Communications Ltd, Paytm's parent company, unveiled India's first Paytm NFC Card Soundbox. This payment device is developed to incorporate mobile-based QR payments with near field communication technology, with soundbox serving as a machine for card payments.
In August 2024, Visa and FinTech Pine Labs announced a partnership to launch a soundbox-enabled device for NFC, QR, and card payment services, named Pine Labs Mini, across India. This move will aid companies in proliferating digital payment adoption across Indian market.

India Near Field Communication Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Product Type Device Operating Mode Application Device Type End User Region
Product Types Covered	Non-Auxiliary Products, Auxiliary Products
Device Operating Modes Covered	Reader Emulation, Card Emulation, Peer-To-Peer
Applications Covered	Mobile/Contact Less Payment, Information Sharing, User Authentication and Access Control, Monitoring Healthcare Systems, Others
Device Types Covered	Smartphones and Tablets, Laptops and Personal Computers, Others
End Users Covered	Retail, Transportation, Healthcare, BFSI, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India near field communication market performed so far and how will it perform in the coming years?
What is the breakup of the India near field communication market on the basis of product type?
What is the breakup of the India near field communication market on the basis of device operating mode?
What is the breakup of the India near field communication market on the basis of application?
What is the breakup of the India near field communication market on the basis of device type?
What is the breakup of the India near field communication market on the basis of end user?
What is the breakup of the India near field communication market on the basis of region?
What are the various stages in the value chain of the India near field communication market?
What are the key driving factors and challenges in the India near field communication market?
What is the structure of the India near field communication market and who are the key players?
What is the degree of competition in the India near field communication market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India near field communication market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India near field communication market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India near field communication industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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India Near Field Communication Market