The world's NFC market is expected to grow from USD 18 billion in 2020 to USD 34.9 billion by 2025, at a CAGR of 14.2%.
The major factors driving the growth of the NFC market are the increasing trend of mobile commerce and growing adoption of the wearable technology. However, the issue of short-range communication is expected to restrain the growth of the market.
Reader emulation is attributed to hold largest share of the NFC market in 2019
The market for reader emulation is projected to witness highest growth in the NFC market for the forecast period, as the majority of mobile phone and retail applications use NFC chip in reader emulation mode. There is high adoption of NFC-based mobile wallets, such as Goggle pay, Samsung pay, Apple Pay, and Android Pay, which are expected to witness the highest CAGR in the coming years, owing to the high demand originating from payments.
Software to witness highest growth in NFC market in coming years
The software segment is expected to witness the highest growth in the NFC market in the coming years owing to the integration of its functionalities into routers, infotainment systems, wearable electronic devices, and other NFC-enabled devices. Additionally, more innovative software applications are expected to be launched in the coming years.
Consumer electronics accounted for a major share of the overall NFC market
Consumer electronics is the largest application industry for NFC and accounted for a major share of the overall NFC market with the commercialization of the technology in smartphones, media tablets, smart TVs, set-top boxes, and gaming consoles. There has been an increase in the production of NFC-based interfaces, which enable users to control devices using this short-range communication technology.
APAC to witness highest CAGR of NFC market during the forecast period
The NFC market in APAC is foreseen to grow at a significant rate. The growth of the NFC market in APAC is mainly driven by increasing developments (such as R&D activities, investments, and partnerships among companies) related to NFC in countries such as Japan, China, and South Korea. Additionally, it has some of the world's fastest-growing and leading industrialized economies. It is witnessing dynamic changes in the adoption of new technologies and advancements in organizations across industries. Key Topics Covered:
2 Research Methodology
3 Executive Summary 3.1 Impact of COVID-19 on the NFC Market 3.2 Pre-COVID-19 3.3 Post-COVID-19 3.4 Application Impact 3.5 Regional Impact
4 Premium Insights 4.1 Attractive Opportunities in the NFC Market 4.2 NFC Market, by Offering 4.3 NFC Market in APAC, by Country and by Application 4.4 NFC Market, by Device Operating Mode 4.5 NFC Market, by Geography
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 22.214.171.124 Increasing Trend of Mobile Commerce 126.96.36.199 Growing Adoption of Wearable Technology 5.2.2 Restraints 188.8.131.52 Issue of Short-Range Communication 184.108.40.206 Security Concerns Related to NFC 220.127.116.11 Competition from Substitute Payment Methods 5.2.3 Opportunities 18.104.22.168 Increasing Urbanization in Emerging Economies 22.214.171.124 Online and In-Store Payment 126.96.36.199 Increasing Penetration of Contactless Technology 188.8.131.52 Growing Need for Connectivity Between Different Devices 5.2.4 Challenges 184.108.40.206 Lack of Awareness About the Benefits of NFC 220.127.116.11 Need for Intermediaries' Gateway for Mobile Payment 5.3 Supply Chain Analysis 5.4 Porter's Five Forces Analysis 5.5 Pricing Analysis 5.6 Trade Analysis 5.7 Ecosystem 5.8 Important Innovations and Patent Registrations, 2017-2019 5.9 Technology Analysis 5.10 Tariff and Regulatory Standards 5.11 Case Studies
6 NFC Market, by Device Operating Mode 6.1 Introduction 6.2 Reader Emulation 6.2.1 Reader Emulation Mode is Used When the NFC Device is Used to Read Data from Mandated NFC Tags 6.3 Peer-To-Peer 6.3.1 Peer-To-Peer Mode Enables a Link-Level Communication Between the Two NFC Devices 6.4 Card Emulation 6.4.1 NFC Device Works as a Contactless Smart Card in Card Emulation Mode
7 NFC Market, by Offering 7.1 Introduction 7.2 Non-Auxiliary Products 7.2.1 NFC ICs & Antennas 18.104.22.168 NFC ICs Serve Applications Such as Ticketing and Transit System, Product Identification and Authentication 7.2.2 NFC Tags 22.214.171.124 NFC Tags are Widely Used for Proximity and Vicinity Identification 7.2.3 NFC Readers 126.96.36.199 NFC Readers are the Active Components in Transactions 7.3 Auxiliary Products 7.3.1 NFC Micro SD Cards 188.8.131.52 NFC Micro SD Card is an External Module Inserted in a Mobile Phone That Communicates with the External NFC Tag 7.3.2 NFC SIM/UICC Cards 184.108.40.206 SIM Cards with NFC Chips Embedded on Them are Expected to be a Worldwide Standard 7.3.3 NFC Covers 220.127.116.11 NFC Covers are Used by Consumers Especially for Non-NFC Mobile Phones 7.4 Software 7.4.1 NFC Software Stacks are Developed by Software and Mobile App Developers to Provide Ease of Usage
8 NFC Market, by Applications 8.1 Introduction 8.2 Retail 8.2.1 COVID-19 Impact 8.2.2 Product Identification 18.104.22.168 NFC Tags Play an Important Role in Giving Information and Contents of the Product 8.2.3 Transaction 22.214.171.124 NFC-Enabled Phones and Devices Can be Used for Making Payments 8.3 Transportation 8.3.1 COVID-19 Impact 8.3.2 Ticketing 126.96.36.199 Rail, Metro, and Bus Tickets Can be Booked Using NFC 8.3.3 Access Control 188.8.131.52 NFC Supports Being Cost-Effective in Eliminating Equipment, Ending the Issuance of Paper and Plastic Cards 8.4 Automotive 8.4.1 COVID-19 Impact 8.4.2 Low-End 184.108.40.206 NFC Provides Drivers with a Connected Driving Experience 8.4.3 Mid-Range 220.127.116.11 NFC Renders Customized Features Such as Infotainment System Setting of Air Condition, Lights, and Target Destination 8.4.4 High-End 18.104.22.168 NFC Led to the Rising Incorporation of Smart Driving Applications into Various High-End Passenger Cars 8.5 Residential & Commercial 8.5.1 COVID-19 Impact 8.5.2 Physical Access 22.214.171.124 NFC Used for Security Purposes in Buildings 8.5.3 Time & Attendance 126.96.36.199 NFC is Used to Grant Access and Keep Track of In-Time and Out-Time 8.5.4 Automated Locking System 188.8.131.52 NFC Led to a Rising Adoption of Digital Keys 8.5.5 Smart Lighting 184.108.40.206 NFC Capabilities Allow Control Points from the Wall, Smartphones, or Remote 8.6 Medical & Healthcare 8.6.1 COVID-19 Impact 8.6.2 Medical Devices 220.127.116.11 NFC in Medical Devices Can be Used for Real-Time Monitoring of Patients for Effective Diagnosis 8.6.3 Access Control 18.104.22.168 NFC Cards are Equipped with Internal Memory That Can Store Patients' Critical Information 8.7 Consumer Electronics 8.7.1 COVID-19 Impact 8.7.2 Wearable Devices 22.214.171.124 NFC Technology Plays a Major Role in Wearable Electronics 8.7.3 Mobile Phones/Tablets 126.96.36.199 NFC-Enabled Smartphones Have a Huge Demand Owing to Their Advanced Payment Functionalities 8.7.4 Laptops/Personal Computers 188.8.131.52 Touchless Laptop is a New Technology That Has Been Commercialized 8.7.5 Cameras 184.108.40.206 NFC Technology is Used to Share Data with Other Devices Such as Mobile Phones, Tablets, and Computers 8.7.6 Printers 220.127.116.11 NFC Feature Allows Users to Directly Print from a Cell Phone by Holding the Cell Phone Over the NFC Tag 8.7.7 Gaming Devices 18.104.22.168 Players Can Link NFC Stickers and Inlays and Use Them in Gameplay Simply by Tapping Them Together 8.7.8 Others 22.214.171.124 NFC is Also Being Used in Home Appliances Such as Washing Machines 8.8 Banking & Finance 8.8.1 COVID-19 Impact 8.8.2 E-Money Services (POS Machines) 126.96.36.199 E-Money or Proximity Payments are the Main Payment Method for Cashless Transactions 8.8.3 Multiforex Cards 188.8.131.52 Multiforex Cards are Prepaid NFC-Enabled Cards Used for Multicurrency Cashless Transactions 8.9 Hospitality 8.9.1 COVID-19 Impact 8.9.2 Access Control 184.108.40.206 NFC-Enabled Smartphones are Being Used for Check-Ins in a Hotel 8.9.3 Transaction 220.127.116.11 NFC Technology Allows Making Payments Without the Need for a Card or Pin 8.10 Others
9 Geographic Analysis 9.1 Introduction 9.2 North America 9.3 Europe 9.4 Asia-Pacific 9.5 Rest of the World
10 Competitive Landscape 10.1 Introduction 10.2 NFC Related Segment Revenue Analysis of Top Five Players 10.3 Market Share Analysis, 2019 10.4 Ranking Analysis of Key Players in NFC Market 10.5 Company Evaluation Quadrant 10.5.1 Star 10.5.2 Emerging Leader 10.5.3 Pervasive 10.5.4 Participant 10.6 Startup/SME Evaluation Matrix 10.6.1 Progressive Companies 10.6.2 Responsive Companies 10.6.3 Dynamic Companies 10.6.4 Starting Blocks 10.7 Competitive Scenario 10.8 Competitive Situations and Trends 10.8.1 Others
11 Company Profiles 11.1 Key Players 11.1.1 NXP Semiconductors 18.104.22.168 Business Overview 22.214.171.124 Product Offered 126.96.36.199 Recent Developments 188.8.131.52 Analyst's View 184.108.40.206.1 Key Strengths/Right to Win 220.127.116.11.2 Strategic Choices Made 18.104.22.168.3 Weaknesses and Competitive Threats 11.1.2 Broadcom 22.214.171.124 Business Overview 126.96.36.199 Product Offered 188.8.131.52 Recent Developments 184.108.40.206 Analyst's View 220.127.116.11.1 Key Strengths/Right to Win 18.104.22.168.2 Strategic Choices Made 22.214.171.124.3 Weaknesses and Competitive Threats 11.1.3 Qualcomm 126.96.36.199 Business Overview 188.8.131.52 Product Offered 184.108.40.206 Recent Developments 220.127.116.11 Analyst's View 18.104.22.168.1 Key Strengths/Right to Win 22.214.171.124.2 Strategic Choices Made 126.96.36.199.3 Weaknesses and Competitive Threats 11.1.4 Texas Instruments 188.8.131.52 Business Overview 184.108.40.206 Product Offered 220.127.116.11 Recent Developments 18.104.22.168 Analyst's View 22.214.171.124.1 Key Strengths/Right to Win 126.96.36.199.2 Strategic Choices Made 188.8.131.52.3 Weaknesses and Competitive Threats 11.1.5 STMicroelectronics 184.108.40.206 Business Overview 220.127.116.11 Product Offered 18.104.22.168 Recent Developments 22.214.171.124 Analyst's View 126.96.36.199.1 Key Strengths/Right to Win 188.8.131.52.2 Strategic Choices Made 184.108.40.206.3 Weaknesses and Competitive Threats 11.1.6 Samsung 220.127.116.11 Business Overview 18.104.22.168 Product Offered 22.214.171.124 Recent Developments 11.1.7 Renesas Electronics 126.96.36.199 Business Overview 188.8.131.52 Product Offered 184.108.40.206 Recent Developments 11.1.8 Intel 220.127.116.11 Business Overview 18.104.22.168 Product Offered 22.214.171.124 Recent Developments 11.1.9 Toshiba 126.96.36.199 Business Overview 188.8.131.52 Product Offered 184.108.40.206 Recent Developments 11.1.10 AMS 220.127.116.11 Business Overview 18.104.22.168 Product Offered 22.214.171.124 Recent Developments 11.2 Other Companies 11.2.1 Thales Group 11.2.2 Infineon Technologies 11.2.3 Sony 11.2.4 Identiv 11.2.5 Avery Dennison 11.2.6 Panthronics 11.2.7 Flomio 11.2.8 IdentiSys 11.2.9 HID Global 11.2.10 Magtek
12 Appendix 12.1 Discussion Guide 12.2 Knowledge Store: The Subscription Portal 12.3 Available Customizations