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The global near-field communication market is expected to witness a CAGR of 14.5% during the forecast period. Near Field Communication Market is based on a wireless interface that allows all communication equipment and electronic gadgets to communicate with one another by establishing radio connectivity under proximity. This technology is mostly utilized for short-range data sharing on smartphones, computers, laptops, and tablets. Moreover, the businesses are facing many challenges like fluctuation in the supply chain, a shift in working hours, and protecting their employees, resulting in the adoption of NFC tags. Moreover, the industry players are innovating NFC-enabled products during the outbreak to improve the customer experience. Near-field communication (NFC) technology is widely employed in mobile payment terminals. Google wallet technology has been adopted by retailers such as Target, Macy's, and Walgreens. The rising need for convenient transfer and data security along with the proliferation of smartphones will propel the growth of the NFC market. Nevertheless, the leading and emerging countries like the US, Germany, China, India will be the major markets for NFC during the projected period. Thus, the rising mobile penetration along with enhanced payment infrastructure and data connectivity will provide significant opportunities for the growth of NFC-enabled mobile payment.

The Near Field Communication (NFC) market refers to the industry segment that deals with the development, manufacturing, and deployment of NFC technology and solutions. NFC is a short-range wireless communication technology that enables the exchange of data between electronic devices, typically within a few centimeters of proximity. It is commonly used for contactless transactions, data transfer, and device pairing.

The NFC market has experienced significant growth in recent years due to several factors, including:

Mobile payment and digital wallet adoption: NFC technology is widely used in mobile payment systems and digital wallets, allowing users to make contactless payments using their smartphones or other NFC-enabled devices. The increasing popularity of mobile payments and the convenience of NFC-based transactions have driven the adoption of NFC technology in the market.

Contactless access and identification: NFC technology is used for contactless access control and identification systems. It enables users to authenticate themselves, gain access to secure areas, and interact with various devices or services by simply tapping an NFC-enabled card or device.

IoT connectivity and smart devices: NFC plays a crucial role in connecting and configuring IoT devices. It enables seamless communication and data transfer between devices, simplifying the setup process and enhancing user experience. NFC is commonly used for pairing Bluetooth devices, connecting smart home devices, and configuring wearable devices.

Marketing and advertising applications: NFC technology is utilized in marketing and advertising campaigns to provide interactive and personalized experiences. NFC tags or stickers can be embedded in physical objects, such as posters or product packaging, allowing users to access additional information, promotional offers, or multimedia content by tapping their NFC-enabled devices.

Transit and ticketing systems: NFC is used in contactless ticketing and transit systems, providing convenient and fast payment methods for public transportation. NFC-enabled cards or devices can be used to tap and pay for fares, eliminating the need for physical tickets or tokens.

In October 2022, Infineon a prominent leader for payment ICs has announced a novel SECORA™ Pay portfolio on 40 nm technology with best-in-class contactless performance.

The rising demand for NFC in contactless payment via mobile and POS during the COVID-19 crisis has accelerated the growth of the NFC market.

Browse 53 market data Tables and 35 Figures spread through 200 Pages and in-depth TOC on " Near Field Communication Market by Device Operating Mode (Reader Emulation, Peer-To-Peer, and Card Emulation), by Offering (Non-Auxiliary Products (NFC ICs & Antennas, NFC Tags, NFC Readers), Auxiliary Products (NFC Micro-SD Cards, NFC SIM/UICC Cards, and NFC Covers), and Software), by Application (Retail (Access Control, Product Identification, and Transaction), Transportation (Ticketing and Access Control), Automotive (Low-End, Mid-Range, and High-End), Residential & Commercial (Physical Access, Time & Attendance, Automated Locking System, and Smart Lighting), Medical & Healthcare (Medical Devices and Access Control), Consumer Electronics (Wearable Devices, Mobile Phones/Tablets, Laptops/ Pcs, Cameras, Printers, Gaming Devices, and Others), Banking & Finance (E-Money Services (POS machines) and Multi Forex Cards), Hospitality (Access Control and Transaction), and Others (Education and Government)), and Region - Global Forecast to 2030"

By offering, NFC reader in non-auxiliary products dominates the NFC market.

Based on offering, the global near-field communication market is divided into non-auxiliary products, auxiliary products, and software. The non-auxiliary products are further sub-divided into NFC ICs & antennas, NFC tags, NFC readers. NFC micro-SD cards, NFC SIM/UICC cards, and NFC covers are some of the auxiliary products. NFC reader is anticipated to witness the largest share owing to the rising demand for NFC readers in network access and authentication applications. Furthermore, the NFC reader is compact and has capabilities such as access control, payments, mass transit, and attendance tracking.

Global Near Field Communication Market Segmentation Analysis

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“APAC is anticipated to have a high CAGR in NFC market during 2023-2030.”

APAC is anticipated to have a high CAGR owing to the world’s fastest-growing and leading industrialized economies as there are novel technologies and developments across industry verticals. The increased penetration of smartphones in the countries like India and China, mounting investment in R&D activities for the innovation of novel NFC devices will fuel the growth in the region.

Some of the major players in the global Near Field Communication Market include NXP Semiconductors, Broadcom, Qualcomm Technologies, Inc., Texas Instruments Incorporated, STMicroelectronics, Infineon Technologies AG, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, Thales Group, Identiv, Inc., and MagTek Inc.

Scope of the Report

Global Near Field Communication Market Coverage

Device Operating Mode Insight and Forecast 2018-2030

• Reader Emulation
• Peer-To-Peer
• Card Emulation

Offering Insight and Forecast 2018-2030

• Non-Auxiliary Products
  • NFC ICs & Antennas
  • NFC Tags
  • NFC Readers
• Auxiliary Products
  • NFC Micro-SD Cards
  • NFC SIM/UICC Cards
  • NFC Covers
• Software

Application Insight and Forecast 2018-2030

• Retail
  • Access Control
  • Product Identification
  • Transaction
• Transportation
  • Ticketing
  • Access Control
• Automotive
  • Low-End
  • Mid-Range
  • High-End
• Residential & Commercial
  • Physical Access
  • Time & Attendance
  • Automated Locking System
  • Smart Lighting
• Medical & Healthcare
  • Medical Devices
  • Access Control
• Consumer Electronics
  • Wearable Devices
  • Mobile Phones/Tablets
  • Laptops/Personal Computers
  • Cameras
  • Printers
  • Gaming Devices
  • Others
• Banking & Finance
  • E-Money Services (POS Machines)
  • Multi forex Cards
• Hospitality
  • Access Control
  • Transaction
• Others
  • Education
  • Government

Geographical Segmentation

Near Field Communication Market by Region

North America

• By Device Operating Mode
• By Offering
• By Application
• By Country – U.S., Canada, and Mexico

Europe

• By Device Operating Mode
• By Offering
• By Application
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Device Operating Mode
• By Offering
• By Application
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Device Operating Mode
• By Offering
• By Application
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries