Near Field
Communication
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015– 2025
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Report
Description
Report Description
NFC Market Overview
Near Field communication (NFC) is a wireless communication technology. NFC is a short range
communication technique that allows devices to share information. NFC has emerged as an
effective alternative to other short range communication technologies, such as Bluetooth and
WiFi. In NFC technology, radio communication is established between devices by touching them
simultaneously or by bringing them into proximity. Market share of NFC technology is growing
rapidly because of increasing adoption of this technology into smartphones and smart cameras.
NFC Market Dynamics
NFC technology is gaining popularity because of its various advantages such as safety, versatility
and convenience. NFC is much more secure for transaction than other techniques as it requires
PIN and does not provide physical access of your credit card information to retailers. Versatility
refers to a wide range of industrial applications of NFC. NFC is very convenient as it is easy to use
and NFC enabled devices can be carried anywhere without much hassle. As stated earlier, NFC
technology has wide range of application, such as contactless payments, information sharing,
information reading from smart posters and also for providing authentication of information
whenever required.
Report
Description
Report Description
Global Near Field Communication (NFC) market share is expected to grow rapidly in the near
future. Factors which are driving the growth of NFC market are increasing deployment of NFC in
the booming smartphones and smart camera market, increase in contactless payments,
improved user experience and reduction in size and cost of semiconductor chips. On the other
hand, factors which are restraining the growth of NFC market are security concerns due to
hacking of smartphones, PCs or tablets etc. devices, short range communication, strong
competition to NFC from alternative payments methods, high development cost, and lack of
consumer awareness about potential benefits of NFC technology. NFC technology is anticipated
to be used in a host of applications in the future due to the increasing demand of online and in
store payments in retail store, increasing demand of connectivity between devices for
information and data sharing.
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NFC Market Segmentation
Global NFC market is segmented on the basis of applications, product types and regions. On the
basis of applications, the market is further sub segmented into broad range of applications, such
as contactless payments, data sharing, infotainment, access control & authentication, medical &
healthcare, transportation and others.
Report
Description
Report Description
Out of all these applications contactless payment application is expected to remain dominant
throughout the forecasted period.
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This is mainly because of rising adoption of mobile wallet payments, improved financial
transparency and public sector servicing. On the basis of product type, the market is further sub
segmented into non-auxiliary and auxiliary products. Non- auxiliary products are further
categorised as tags, readers and controller IC’s/Chips. Auxiliary products include micro SD cards,
SIM cards and NFC enabled covers. Out of all these product types, NFC readers are projected to
experiences high market growth during forecasted period, it is prominently because of emerging
applications areas and increasing demand of NFC readers in authentication and access control
applications. On the basis of region, the global NFC market is sub-segmented into seven regions,
North America, Latin America, Asia-Pacific (excluding Japan), Japan as a separate region, Western
Europe, Eastern Europe and Middle East & Africa region. North America region is largest in terms
of market share with USA leading the market. Asia Pacific region is expected to show high growth
rate during forecasted period because of increasing awareness and adoption of NFC technology
into retail and transportation. Followed by APAC, Europe region is also estimated to be promising
market with countries such as Germany and U.K.
Report
Description
Report Description
NFC Market: Key Players
Key players in the Global NFC market are Gemalto N.V., DeviceFidelity, Inc., Visa Inc., Broadcom
Inc., STMicroelectronicsN.V., Toshiba Corporation, Samsung Electronics Co. Ltd., Identive Group,
Inc., NXP Semiconductors, Infineon Technologies and On Track Innovations (OTI) Ltd. etc.
Report
Description
Report Description
The key players in the market include Stryker Corporation, Johnson & Johnson, Philips
Healthcare, Siemens Healthcare, GE Healthcare, Toshiba Medical Systems, Boston Scientific
Corporation, St. Jude Medical, Inc., Biomet, Inc. and Smith and Nephew. Among all of the above
Stryker Corporation and Johnson & Johnson are currently dominating medical devices markets.
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