Status : Published | Published On : Jan, 2024 | Report Code : VRSME9092 | Industry : Semiconductor & Electronics | Available Format :
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During the forecasted period from 2025 to 2030, the Global Near Field Communication (NFC) Market is projected to witness a remarkable CAGR of 14.5%, reaching a value of USD 37.8 billion by 2030, compared to USD 18.6 billion in 2023. NFC, a short-range wireless networking technology, plays a pivotal role in facilitating the seamless transfer of digital content, transactions, and connections between diverse electronic devices worldwide. Predominantly employed for short-range data sharing (within 10 cm or less) among smartphones, laptops, and tablets, NFC finds extensive usage in marketing and payment applications. Moreover, it is increasingly being embraced in chip-enabled mobile marketing, ticketing, identity and access management, and gaming domains. Furthermore, the advent of NFC technology has transformed mobile devices into crucial tools for data transfer, particularly in Point of Sale (PoS) systems. Collaborative efforts between financial institutions and mobile app developers to create apps enabling customers to engage in business transactions are poised to drive the NFC market's growth. Consequently, the escalating focus on enhancing customer experience will serve as a catalyst for the expansion of the NFC market.
The COVID-19 outbreak has accelerated the development of the near-field communication industry due to a surge increasing demand for contactless solutions. Furthermore, as a result of the COVID-19 epidemic, the NFC market will see increased usage of NFC technology in smart packaging for healthcare, as well as increased demand for NFC in expanding medical applications.
Based on device operating mode, the global near-field communication market is segmented into reader emulation, peer-to-peer, and card emulation. The reader emulation is anticipated to have a high CAGR during the projected period as the NFC chip is widely used in reader emulation mode by mobile phones and retail applications. There is an increased demand for payments, resulting in the adoption of NFC-based mobile wallets such as Google Pay, Samsung Pay, Apple Pay, and Android Pay are predicted to grow significantly during the forecast period.
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. Non-auxiliary offering dominates the NFC market. Internal NFC-enabled accessories, such as NFC IC/Chips developed for smartphones to make contactless payments, access control, and secure data sharing with other NFC devices, are known as non-auxiliary NFC items. The expansion of non-auxiliary items in the NFC market has been spurred by the increased acceptance of NFC in smartphones.
Retail, transportation, automotive, residential & commercial, medical & healthcare, consumer electronics, banking & finance, hospitality, and others (education and government) are the application segments of the near-field communication market. The retail segment is sub-divided into access control, product identification, and transaction. The transportation segment is sub-divided into ticketing and access control. The automotive segment is sub-divided into low-end, mid-range, and high-end. The residential & commercial segment is sub-divided into physical access, time & attendance, automated locking system, and smart lighting. Medical & healthcare is sub-divided into medical devices and access control. Consumer electronics is sub-divided into wearable devices, mobile phones/tablets, laptops/ PCs, cameras, printers, gaming devices, and others. Banking & finance is sub-divided into e-money services (POS machines) and multi forex cards. Hospitality is sub-divided into access control and transaction. Banking & finance is anticipated to have a high CAGR during the forecast period as NFC technology is revolutionizing the banking infrastructure via using mobile technologies and cloud platform. The increased penetration of mobile wallets is a safer secured option than having physical cards because digital e-wallet apps like Apply Pay, Google Pay tokenize all financial details into something that intruders can't access or use. The healthcare industry is anticipated to have significant growth as patient monitoring methods like smart sensors and record of patients’ health status is done by NFC. "MiniME," a biometric gadget designed by Ergonomi design monitors, with features such as ECG, blood pressure, heart rate, body temperature, and many other characteristics that transfer data using NFC cloud, is one of NFC's advances in patient monitoring.
Report Metric |
Details |
Historical Period |
2020 - 2024 |
Base Year Considered |
2025 |
Forecast Period |
2026 - 2035 |
Market Size in 2025 |
U.S.D. 18.6 Billion |
Revenue Forecast in 2035 |
U.S.D. 37.8 Billion |
Growth Rate |
14.5% |
Segments Covered in the Report |
By Device Operating Mode, By Offering, and By Application |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
The increasing trend for mobile internet applications and the development of 3G and 4G networks will drive the growth of the market. The rising need to reduce the cost of ownership, the escalating pattern of portable business, and the growing convenience need are further accelerating the industry development.
The NFC market is experiencing significant growth due to various factors that are driving its expansion. These factors include the increasing popularity of mobile commerce, the growing utilization of wearable technology, and a rising number of online consumers, which is boosting the demand for e-commerce. Additionally, the adoption of wireless technologies in industries such as medical, banking, and consumer retail is further contributing to the growth of the NFC market.
The increasing prevalence of smartphones for contactless payments and authentication, along with the widespread acceptance of NFC technology in consumer electronics and government sectors globally, will fuel the adoption of cashless transactions. Moreover, the seamless transfer and secure storage of data provided by NFC technology will also play a crucial role in driving market growth.
Beyond its applications in payments and device-to-device sharing, NFC technology is finding utility in the airline industry for boarding cards and security access, as well as in keyless entry systems for businesses, buildings, and cars. These applications create ample opportunities for the NFC sector to expand and flourish.
The problem related to short-term communication will hamper the growth of the NFC market. Furthermore, the increasing cost of installations and security concerns, supply chain uncertainties, competition from alternative payment methods like TouchBase which uses touchscreens, and complexity in integration are some of the challenges faced by NFC market. Furthermore, a lack of awareness among healthcare staff, as well as suspicion among industry specialists and leaders, may constrain the market in the near future.
The rising mobile penetration with enhanced payment infrastructure and data connectivity will provide substantial growth opportunities in eth NFC-enabled mobile payment. The increasing demand for developed manufacturing hubs for consumer electronics and automobiles in countries like India and China will provide massive growth opportunities in the NFC market in the region. Furthermore, novel applications of NFC, like smart posters, NFC-enabled smart automobiles, and smart sensors, have acquired prominence among consumers, particularly among the young and technologically savvy, providing an opportunity for existing brands to access new markets.
North America contributes to the largest share in the NFC market owing to the presence of developed technologies and global industry players. To ensure that payments are easy when connecting to NFC terminals, the SIM cards are equipped with the fastest and most stable internet connections available. Furthermore, mobile phone manufacturers in the United States and Canada are making mobile payments technology more accessible by integrating it in all new phones and making the applications operate with all available mPayment solutions.
APAC is anticipated to grow at a high CAGR during the projected period owing to countries like India, Japan, China, and South Korea are anticipated to have large-scale development due to the increasing adoption of contactless technology amid the COVID-19 crisis will fuel the growth in the region.
The NFC market is moderately competitive, with several worldwide firms as well as local businesses competing. Strategic collaboration efforts are being used by businesses to manage market share and profitability. With the advent of innovation, it is projected that a number of small to mid-sized businesses will enter the market in the near future. The robust diversification of mobile payment services has augmented collaboration among the key player, thereby leading to advancement in technology.
NXP is a leading provider of RFID and NFC-integrated circuits (ICs). A diverse range of high-performance NFC frontend controller solutions includes NFC Readers, NFC Connected Tags, NFC Smart Tags and Labels, NFC Sensing, and NFC Charging.
ST offers a wide variety of HF RFID/NFC devices, addressing all NFC application needs and supported by a robust ecosystem, as STMicroelectronics are one of the pioneers of RFID and NFC technology.NFC / RFID tags, Dynamic NFC tags, NFC / RFID readers & NFC controllers, and Secure NFC applications are among their offerings.
In October 2021, Qualcomm and NXP have expanded their collaboration and integrated NXP’s eSIM into the Wearable Segment as per Qualcomm’s widely used Snapdragon Wear Platform.
In November 2021, STMicroelectronics has launched ST25TN512 and ST25TN01K, cost-effective NFC Type 2 Tag IC having features of privacy, balancing high-volume use cases such as consumer engagement, product information, and brand protection and augmented NDEF.
Some of the key players operating in the near field communication market: 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.
The Near Field Communication Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
Region Covered in the Report
1. Research Overview
1.1. The Report Offers
1.2. Market Coverage
1.2.1. By Device Operating Mode
1.2.2. By Offering
1.2.3. By Application
1.2.4. By Region
1.3. Research Phases
1.4. Limitations
1.5. Market Methodology
1.5.1. Data Sources
1.5.1.1. Primary Research
1.5.1.2. Secondary Research
1.5.2. Methodology
1.5.2.1. Data Exploration
1.5.2.2. Forecast Parameters
1.5.2.3. Data Validation
1.5.2.4. Assumptions
1.5.3. Study Period & Data Reporting Unit
2. Executive Summary
3. Industry Overview
3.1. Industry Dynamics
3.1.1. Market Growth Drivers
3.1.2. Market Restraints
3.1.3. Key Market Trends
3.1.4. Major Opportunities
3.2. Industry Ecosystem
3.2.1. Porter’s Five Forces Analysis
3.2.2. Recent Development Analysis
3.2.3. Value Chain Analysis
3.3. Competitive Insight
3.3.1. Competitive Position of Industry Players
3.3.2. Market Attractive Analysis
3.3.3. Market Share Analysis
4. Global Market Estimate and Forecast
4.1. Global Market Overview
4.2. Global Market Estimate and Forecast to 2030
5. Market Segmentation Estimate and Forecast
5.1. By Device Operating Mode
5.1.1. Reader Emulation
5.1.1.1. Market Definition
5.1.1.2. Market Estimation and Forecast to 2030
5.1.2. Peer-To-Peer
5.1.2.1. Market Definition
5.1.2.2. Market Estimation and Forecast to 2030
5.1.3. Card Emulation
5.1.3.1. Market Definition
5.1.3.2. Market Estimation and Forecast to 2030
5.2. By Offering
5.2.1. Non-Auxiliary Products
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2030
5.2.2. Auxiliary Products
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2030
5.3. By Application
5.3.1. Retail
5.3.1.1. Market Definition
5.3.1.2. Market Estimation and Forecast to 2030
5.3.2. Transportation
5.3.2.1. Market Definition
5.3.2.2. Market Estimation and Forecast to 2030
5.3.3. Automotive
5.3.3.1. Market Definition
5.3.3.2. Market Estimation and Forecast to 2030
5.3.4. Residential & Commercial
5.3.4.1. Market Definition
5.3.4.2. Market Estimation and Forecast to 2030
5.3.5. Medical & Healthcare
5.3.5.1. Market Definition
5.3.5.2. Market Estimation and Forecast to 2030
5.3.6. Consumer Electronics
5.3.6.1. Market Definition
5.3.6.2. Market Estimation and Forecast to 2030
5.3.7. Banking & Finance
5.3.7.1. Market Definition
5.3.7.2. Market Estimation and Forecast to 2030
5.3.8. Hospitality
5.3.8.1. Market Definition
5.3.8.2. Market Estimation and Forecast to 2030
5.3.9. Others
5.3.9.1. Market Definition
5.3.9.2. Market Estimation and Forecast to 2030
6. North America Market Estimate and Forecast
6.1. By Device Operating Mode
6.2. By Offering
6.3. By Application
6.4. By Country – U.S., Canada, and Mexico
6.5.1. U.S. Market Estimate and Forecast
6.5.2. Canada Market Estimate and Forecast
6.5.3. Mexico Market Estimate and Forecast
7. Europe Market Estimate and Forecast
7.1. By Device Operating Mode
7.2. By Offering
7.3. By Application
7.4. By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
7.5.1. Germany Market Estimate and Forecast
7.5.2. France Market Estimate and Forecast
7.5.3. U.K. Market Estimate and Forecast
7.5.4. Italy Market Estimate and Forecast
7.5.5. Spain Market Estimate and Forecast
7.5.6. Rest of Europe Market Estimate and Forecast
8. Asia-Pacific Market Estimate and Forecast
8.1. By Device Operating Mode
8.2. By Offering
8.3. By Application
8.4. By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
8.5.1. China Market Estimate and Forecast
8.5.2. Japan Market Estimate and Forecast
8.5.3. India Market Estimate and Forecast
8.5.4. South Korea Market Estimate and Forecast
8.5.5. Singapore Market Estimate and Forecast
8.5.6. Rest of Asia-Pacific Market Estimate and Forecast
9. Rest of the World (RoW) Market Estimate and Forecast
9.1. By Device Operating Mode
9.2. By Offering
9.3. By Application
9.4. By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
9.5.1. Brazil Market Estimate and Forecast
9.5.2. Saudi Arabia Market Estimate and Forecast
9.5.3. South Africa Market Estimate and Forecast
9.5.4. Other Countries Market Estimate and Forecast
10. Company Profiles
10.1. NXP Semiconductors
10.1.1. Snapshot
10.1.2. Overview
10.1.3. Offerings
10.1.4. Financial Insight
10.1.5. Recent Developments
10.2. Broadcom
10.2.1. Snapshot
10.2.2. Overview
10.2.3. Offerings
10.2.4. Financial Insight
10.2.5. Recent Developments
10.3. Qualcomm Technologies, Inc.
10.3.1. Snapshot
10.3.2. Overview
10.3.3. Offerings
10.3.4. Financial Insight
10.3.5. Recent Developments
10.4. Texas Instruments Incorporated
10.4.1. Snapshot
10.4.2. Overview
10.4.3. Offerings
10.4.4. Financial Insight
10.4.5. Recent Developments
10.5. STMicroelectronics
10.5.1. Snapshot
10.5.2. Overview
10.5.3. Offerings
10.5.4. Financial Insight
10.5.5. Recent Developments
10.6. Infineon Technologies AG
10.6.1. Snapshot
10.6.2. Overview
10.6.3. Offerings
10.6.4. Financial Insight
10.6.5. Recent Developments
10.7. TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION
10.7.1. Snapshot
10.7.2. Overview
10.7.3. Offerings
10.7.4. Financial Insight
10.7.5. Recent Developments
10.8. Thales Group
10.8.1. Snapshot
10.8.2. Overview
10.8.3. Offerings
10.8.4. Financial Insight
10.8.5. Recent Developments
10.9. Identiv, Inc.
10.9.1. Snapshot
10.9.2. Overview
10.9.3. Offerings
10.9.4. Financial Insight
10.9.5. Recent Developments
10.10. MagTek Inc.
10.10.1. Snapshot
10.10.2. Overview
10.10.3. Offerings
10.10.4. Financial Insight
10.10.5. Recent Developments
11. Appendix
11.1. Exchange Rates
11.2. Abbreviations
Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.
List of Tables
Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Near Field Communication Market, By Device Operating Mode, 2018 - 2023 (USD Billion)
Table 5 Global Near Field Communication Market, By Device Operating Mode, 2025 - 2030 (USD Billion)
Table 6 Global Near Field Communication Market, By Offering, 2018 - 2023 (USD Billion)
Table 7 Global Near Field Communication Market, By Offering, 2025 - 2030 (USD Billion)
Table 8 Global Near Field Communication Market, By Application, 2018 - 2023 (USD Billion)
Table 9 Global Near Field Communication Market, By Application, 2025 - 2030 (USD Billion)
Table 10 Global Near Field Communication Market, By Region, 2018 - 2023 (USD Billion)
Table 11 Global Near Field Communication Market, By Region, 2025 - 2030 (USD Billion)
Table 12 North America Near Field Communication Market, By Device Operating Mode, 2018 - 2023 (USD Billion)
Table 13 North America Near Field Communication Market, By Device Operating Mode, 2025 - 2030 (USD Billion)
Table 14 North America Near Field Communication Market, By Offering, 2018 - 2023 (USD Billion)
Table 15 North America Near Field Communication Market, By Offering, 2025 - 2030 (USD Billion)
Table 16 North America Near Field Communication Market, By Application, 2018 - 2023 (USD Billion)
Table 17 North America Near Field Communication Market, By Application, 2025 - 2030 (USD Billion)
Table 18 North America Near Field Communication Market, By Region, 2018 - 2023 (USD Billion)
Table 19 North America Near Field Communication Market, By Region, 2025 - 2030 (USD Billion)
Table 20 Europe Near Field Communication Market, By Device Operating Mode, 2018 - 2023 (USD Billion)
Table 21 Europe Near Field Communication Market, By Device Operating Mode, 2025 - 2030 (USD Billion)
Table 22 Europe Near Field Communication Market, By Offering, 2018 - 2023 (USD Billion)
Table 23 Europe Near Field Communication Market, By Offering, 2025 - 2030 (USD Billion)
Table 24 Europe Near Field Communication Market, By Application, 2018 - 2023 (USD Billion)
Table 25 Europe Near Field Communication Market, By Application, 2025 - 2030 (USD Billion)
Table 26 Europe Near Field Communication Market, By Region, 2018 - 2023 (USD Billion)
Table 27 Europe Near Field Communication Market, By Region, 2025 - 2030 (USD Billion)
Table 28 Asia-Pacific Near Field Communication Market, By Device Operating Mode, 2018 - 2023 (USD Billion)
Table 29 Asia-Pacific Near Field Communication Market, By Device Operating Mode, 2025 - 2030 (USD Billion)
Table 30 Asia-Pacific Near Field Communication Market, By Offering, 2018 - 2023 (USD Billion)
Table 31 Asia-Pacific Near Field Communication Market, By Offering, 2025 - 2030 (USD Billion)
Table 32 Asia-Pacific Near Field Communication Market, By Application, 2018 - 2023 (USD Billion)
Table 33 Asia-Pacific Near Field Communication Market, By Application, 2025 - 2030 (USD Billion)
Table 34 Asia-Pacific Near Field Communication Market, By Region, 2018 - 2023 (USD Billion)
Table 35 Asia-Pacific Near Field Communication Market, By Region, 2025 - 2030 (USD Billion)
Table 36 RoW Near Field Communication Market, By Device Operating Mode, 2018 - 2023 (USD Billion)
Table 37 RoW Near Field Communication Market, By Device Operating Mode, 2025 - 2030 (USD Billion)
Table 38 RoW Near Field Communication Market, By Offering, 2018 - 2023 (USD Billion)
Table 39 RoW Near Field Communication Market, By Offering, 2025 - 2030 (USD Billion)
Table 40 RoW Near Field Communication Market, By Application, 2018 - 2023 (USD Billion)
Table 41 RoW Near Field Communication Market, By Application, 2025 - 2030 (USD Billion)
Table 42 RoW Near Field Communication Market, By Region, 2018 - 2023 (USD Billion)
Table 43 RoW Near Field Communication Market, By Region, 2025 - 2030 (USD Billion)
Table 44 Snapshot – NXP Semiconductors
Table 45 Snapshot – Broadcom
Table 46 Snapshot – Qualcomm Technologies, Inc.
Table 47 Snapshot – Texas Instruments Incorporated
Table 48 Snapshot – STMicroelectronics
Table 49 Snapshot – Infineon Technologies AG
Table 50 Snapshot – TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION
Table 51 Snapshot – Thales Group
Table 52 Snapshot – Identiv, Inc.
Table 53 Snapshot – MagTek Inc.
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Near Field Communication Market- Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Near Field Communication Market Highlight
Figure 12 Global Near Field Communication Market, By Device Operating Mode, 2018 - 2030 (USD Billion)
Figure 13 Global Near Field Communication Market, By Offering, 2018 - 2030 (USD Billion)
Figure 14 Global Near Field Communication Market, By Application, 2018 - 2030 (USD Billion)
Figure 15 Global Near Field Communication Market, By Region, 2018 - 2030 (USD Billion)
Figure 16 North America Near Field Communication Market Highlight
Figure 17 North America Near Field Communication Market, By Device Operating Mode, 2018 - 2030 (USD Billion)
Figure 18 North America Near Field Communication Market, By Offering, 2018 - 2030 (USD Billion)
Figure 19 North America Near Field Communication Market, By Application, 2018 - 2030 (USD Billion)
Figure 20 North America Near Field Communication Market, By Region, 2018 - 2030 (USD Billion)
Figure 21 Europe Near Field Communication Market Highlight
Figure 22 Europe Near Field Communication Market, By Device Operating Mode, 2018 - 2030 (USD Billion)
Figure 23 Europe Near Field Communication Market, By Offering, 2018 - 2030 (USD Billion)
Figure 24 Europe Near Field Communication Market, By Application, 2018 - 2030 (USD Billion)
Figure 25 Europe Near Field Communication Market, By Region, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific Near Field Communication Market Highlight
Figure 27 Asia-Pacific Near Field Communication Market, By Device Operating Mode, 2018 - 2030 (USD Billion)
Figure 28 Asia-Pacific Near Field Communication Market, By Offering, 2018 - 2030 (USD Billion)
Figure 29 Asia-Pacific Near Field Communication Market, By Application, 2018 - 2030 (USD Billion)
Figure 30 Asia-Pacific Near Field Communication Market, By Region, 2018 - 2030 (USD Billion)
Figure 31 RoW Near Field Communication Market Highlight
Figure 32 RoW Near Field Communication Market, By Device Operating Mode, 2018 - 2030 (USD Billion)
Figure 33 RoW Near Field Communication Market, By Offering, 2018 - 2030 (USD Billion)
Figure 34 RoW Near Field Communication Market, By Application, 2018 - 2030 (USD Billion)
Figure 35 RoW Near Field Communication Market, By Region, 2018 - 2030 (USD Billion)
Global Near Field Communication Market Coverage
Device Operating Mode Insight and Forecast 2025-2030
Offering Insight and Forecast 2025-2030
Application Insight and Forecast 2025-2030
Geographical Segmentation
Near Field Communication Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
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