World Near Field Communication Market - Expected to Reach $24.0 Billion by 2020

Jan 20, 2016, 05:10 ET from Research and Markets

DUBLIN, January 20, 2016 /PRNewswire/ --

Research and Markets ( has announced the addition of the "World Near Field Communication Market - Opportunities and Forecasts, 2014 - 2020" report to their offering. 

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The world near field communication market was valued at $3.2 billion in 2014 and is expected to grow at a CAGR of 40.4% during the forecast period (2015-2020), to reach $24.0 billion by 2020. The world near field communication market has exhibited moderate growth during the past few years; however, it is expected to exhibit robust growth during the forecast period. 

Increasing penetration of smartphones for convenient & secure online transactions and growing popularity of contactless payments are some key factors driving the global NFC technology market. Smartphone is the most common NFC enabled device available in the market. These smartphones allow users to interact with other devices such as in-car infotainment system, PCs and laptops to access information & others. 

The world near field communication (NFC) market is segmented on the basis of product type, devices, application and geography. Based on the products available, the market is segmented into auxiliary and non-auxiliary products. NFC tags, NFC chips, and NFC readers are key types of non-auxiliary products, whereas NFC enabled sim and others (NFC covers and cards) are the key auxiliary products discussed in the report. 

Based on the device type, the market is segmented into smartphone & tablets, PC & laptops and others (infotainment and stereo headphone). Further, NFC technology finds its major applications in mobile/contactless payment, information sharing, user authentication & access control, monitoring healthcare systems and others (service initiation, ticketing, advertising/marketing and inventory management).

Companies Mentioned: 

  • Apple Inc.
  • Broadcom Corporation
  • Infineon Technologies
  • Inside Secure
  • NXP Semiconductors
  • STMicroelectronics N.V
  • Samsung Electronics Co. Ltd.
  • Sony Corporation
  • Texas Instruments Inc.
  • Toshiba Corporation

Key Topics Covered: 

Chapter 1: Introduction

Chapter 2: Executive Summary 

Chapter 3: Market Overview

Chapter 4: World In-Car Infotainment Market By Product Type 

Chapter 5: World In-Car Infotainment Market By Devices

Chapter 6: World In-Car Infotainment Market By Application

Chapter 7: World In-Car Infotainment Market By Geography  

Chapter 8: Company Profiles 

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