Near Field Communication Market 2023 | Expected to grow at USD 58.6 Billion, at a CAGR of 14.30% by 2030
Research Reports
Mar 14, 2023
According to MRFR analysis, the global Near Field Communication Market is expected to register a CAGR of ~14.30% from 2022 to 2030 and hold a value of over USD 58.6 Billion by 2030.
Near-field communication (NFC) is a short-range various wireless technology that simplifies digital content sharing, transactions, and connections with various electronic devices for users across the world. It is mostly utilized for short-range data sharing in cellphones, laptops, and tablets (up to 10 cm or less). This technology is used in a variety of other applications, including chip-enabled mobile marketing, ticketing, identification & access, and gaming. It is also used in marketing and payment applications.
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Near Field Communication Market Key Players
Some of the key market players are
- Broadcom Inc, Identive
- Infineon Technologies
- Magtek
- NXP Semiconductors
- Qualcomm Technologies Inc
- Samsung Electronics Co Ltd
- Sony Corporation
- Texas Instruments Incorporated
- Thales Group.
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Near Field Communication Market Regional Analysis
During the projected period, Asia-Pacific is anticipated to experience the greatest growth rate due to the region’s rising use and awareness of NFC technology in the retail and transportation sectors. Additionally, the region’s market for near-field communication is expanding due to rising smartphone adoption in nations such as China and India.
Near Field Communication Market Segmentation
The Global Near Field Communication market has been segmented into Type, Device, Application, and End-User.
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Based on the Type, the market has been segmented into Non-Auxiliary and Auxiliary.
Based on the Device, the market has been segmented into Smartphones, Tablets, Laptops & Computers.
Based on the Application, the market has been segmented into NFC-based Payment, Ticketing.
Based on End-User, the market has been segmented into Cloud Service, Telecom Service, and Enterprise.
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