Near Field Communication Market: A Look at the Key Applications...

Near Field Communication Market: A Look at the Key Applications and Technologies

Posted 2023-10-13 12:05:30

The global Near-Field Communication (NFC) market size is expected to reach USD 87.53 Billion in 2032 and register a steady revenue CAGR of 14.2% during the forecast period, according to the latest analysis by Emergen Research. Increasing adoption of wearable technology is a major factor driving revenue growth of the market. Activity trackers in the sporting goods sector as well as companies that provide high-end fashion accessories are driving expansion of wearable technology. Near Field Communication (NFC) and wireless charging technology are rapidly being incorporated with built-in connectivity technologies such as Wi-Fi and Bluetooth in wristbands. NFC is used to make contactless payments utilizing EMVCo-compatible technology. Undoubtedly, it is convenient to be able to make purchases without having to take out one's wallet or to go for a run without having to bring a phone or wallet. Wearables are increasingly using wireless charging. These devices batteries need to be often recharged. The ability to wirelessly charge the device is innovative for the wearable sector since it eliminates the need to bring a charger or go home.

In the primary section of the report, there are essential details about the estimated market size, market dynamics, recent developments, and the ongoing trends in the Near Field Communication industry. The report goes on to study the potential investment opportunities, as well as various parameters influencing market growth, such as key drivers, challenges, and constraints. The competitive landscape includes details on the strategic initiatives, such as mergers & acquisitions, joint ventures, technological upgradation, and corporate deals, implemented by market players to optimize their industry performance.

Get Free Exclusive Sample PDF Copy: @https://www.emergenresearch.com/request-sample/1688

Key Players operating in the industry are:

NXP Semiconductors, Broadcom, Qualcomm Technologies, Inc., Texas Instruments Incorporated, STMicroelectronics, Samsung, Renesas Electronics Corporation, Intel Corporation, Toshiba Corporation, and ams-OSRAM AG

Radical Features of the Near Field Communication Market Report:

The report encompasses Near Field Communication market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
Supply chain analysis along with technological advancements offered in the report
The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Near Field Communication industry

Request customization of the report @https://www.emergenresearch.com/request-for-customization/1688

Segmentation:

Device Operating Mode Outlook (Revenue, USD Million; 2019–2032)
- Reader Emulation
- Peer-to-Peer
- Card Emulation

Offering Outlook (Revenue, USD Million; 2019–2032)
- Non-Auxiliary Products
  1. NFC ICS & Antennas
  2. NFC Tags
  3. NFC Readers
- Auxiliary Products
  1. NFC Micro SD Cards
  2. NFC Covers
- Software

Application Outlook (Revenue, USD Million; 2019–2032)
- Retail
  1. Product Identification
  2. Transaction
- Transportation
  1. Ticketing
  2. Access Control
- Automotive
  1. Low-End
  2. Mid-Range
  3. High-End
- Residential & Commercial
  1. Physical Access
  2. Time& Attendance
  3. Automated Locking System
  4. Smart Lighting
- Medical & Healthcare
  1. Medical Devices
  2. Access Control
- Consumer Electronics
  1. Wearable Devices
  2. Mobile Phones/Tablets
  3. Laptops/Personal Computers
  4. Cameras
  5. Printers
  6. Gaming Devices
  7. Others
- Banking & Finance
  1. E-Money Services (POS Machines)
  2. Multiforex Cards
- Hospitality
  1. Access Control
  2. Transaction
- Others
  1. Education
  2. Government

Regional Analysis Covers:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/near-field-communication-market

Thank you for reading our report. To request a customization or for further inquiries, kindly get in touch with us. Our team will ensure the report is tailored meet to your needs.

Read similar reports by Emergen Research:

Elder Care Services & Assistive Devices Market

https://www.emergenresearch.com/industry-report/elder-care-services-assistive-devices-market

Dewatering Equipment Market

https://www.emergenresearch.com/industry-report/dewatering-equipment-market

Frp Vessels Market

https://www.emergenresearch.com/industry-report/frp-vessels-market

Personal Care Ingredients Market

https://www.emergenresearch.com/industry-report/personal-care-ingredients-market

Industrial Lubricants Market

https://www.emergenresearch.com/industry-report/industrial-lubricants-market

Dairy Enzymes Market

https://www.emergenresearch.com/industry-report/dairy-enzymes-market

Ambulatory Ehr Market

https://www.emergenresearch.com/industry-report/ambulatory-ehr-market

Medical Device Connectivity Market

https://www.emergenresearch.com/industry-report/medical-device-connectivity-market

Topical Drug Delivery Market

https://www.emergenresearch.com/industry-report/topical-drug-delivery-market

Building Energy Management System Market

https://www.emergenresearch.com/industry-report/building-energy-management-system-market

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Visit for More Insights: https://www.emergenresearch.com/insights

Explore Our Custom Intelligence services | Growth Consulting Services

Latest Report:Eye Tracking Market |Wireless Connectivity Market