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Near Field Communication (NFC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global near field communication (NFC) market size reached US$ 19.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 46.07 Billion by 2027, exhibiting a growth rate (CAGR) of 14.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Offering, Operating Mode, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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 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?

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
    9.2    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
    9.3    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
    9.4    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
    9.5    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

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$), 2016-2021
Figure 3: Global: Near Field Communication Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Near Field Communication Market: Breakup by Offering (in %), 2021
Figure 5: Global: Near Field Communication Market: Breakup by Operating Mode (in %), 2021
Figure 6: Global: Near Field Communication Market: Breakup by End User (in %), 2021
Figure 7: Global: Near Field Communication Market: Breakup by Region (in %), 2021
Figure 8: Global: Near Field Communication (Non-Auxiliary Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Near Field Communication (Non-Auxiliary Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Near Field Communication (Auxiliary Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Near Field Communication (Auxiliary Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Near Field Communication (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Near Field Communication (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Near Field Communication (Read and Write Mode) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Near Field Communication (Read and Write Mode) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Near Field Communication (Peer-To-Peer Mode) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Near Field Communication (Peer-To-Peer Mode) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Near Field Communication (Card Emulation Mode) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Near Field Communication (Card Emulation Mode) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Near Field Communication (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Near Field Communication (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Near Field Communication (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Near Field Communication (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Near Field Communication (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Near Field Communication (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Near Field Communication (Residential and Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Near Field Communication (Residential and Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Near Field Communication (Medical and Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Near Field Communication (Medical and Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Near Field Communication (Consumer Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Near Field Communication (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Near Field Communication (Banking and Finance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Near Field Communication (Banking and Finance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Near Field Communication (Hospitality) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Near Field Communication (Hospitality) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Near Field Communication (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Near Field Communication (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: North America: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: North America: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: United States: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: United States: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Canada: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Canada: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Asia-Pacific: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Asia-Pacific: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: China: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: China: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Japan: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Japan: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: India: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: India: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: South Korea: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: South Korea: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Australia: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Australia: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Indonesia: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Indonesia: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Europe: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Europe: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Germany: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Germany: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: France: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: France: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: United Kingdom: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: United Kingdom: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Italy: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Italy: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Spain: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Spain: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Russia: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Russia: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Latin America: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Latin America: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Brazil: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Brazil: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Mexico: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Mexico: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Others: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Others: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Middle East and Africa: Near Field Communication Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Middle East and Africa: Near Field Communication Market: Breakup by Country (in %), 2021
Figure 86: Middle East and Africa: Near Field Communication Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Near Field Communication Market Forecast: Breakup by Offering (in Million US$), 2022-2027
Table 3: Global: Near Field Communication Market Forecast: Breakup by Operating Mode (in Million US$), 2022-2027
Table 4: Global: Near Field Communication Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Near Field Communication Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Near Field Communication Market: Competitive Structure
Table 7: Global: Near Field Communication Market: Key Players


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