Near field communication (NFC) is a set of wireless technologies that use magnetic field to facilitate communication between devices when they are kept within a radius of 10 cm from each other.
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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).Based on geography, the world near field communication (NFC) market is analyzed into North America, Europe, Asia-Pacific and LAMEA (Latin America Middle East and Africa). North America and Europe, are the major adopters of NFC enabled smartphones and tablets. However, Asia-Pacific would witness the highest CAGR of 43.1%, during the forecast period.Owing to high adoption of NFC technology for safe and secure monetary transactions and information sharing, key market players are developing advanced technology NFC products to cater to the demand of end users. Some of the key players profiled in the report include Infineon Technologies, Apple Inc., NXP Semiconductors, Samsung Electronics Co. Ltd., Broadcom Corporation, Toshiba Corporation and Inside Secure (now acquired by Intel) among others.POTENTIAL BENEFITS FOR STAKEHOLDERS:Comprehensive analysis of the current and future trends in the world NFC technology market have been provided in this reportThe report provides a competitive scenario of the world near field communication market with current and future growth trends, structure, driving factors, scope, opportunities and challengesThe report includes a comprehensive analysis of market segments to provide insights about the market dynamicsPorters five forces analysis provides inputs on the potential of buyers and suppliers and highlights the competitive structure of the market that would enable market players to devise effective growth strategies and facilitate better decision-makingValue chain analysis provides key inputs on the role of different stakeholders involved at various stages of the value chainSWOT analysis of the key market players highlight the essential strengths and potential opportunities in the market
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NEAR FIELD COMMUNICATION MARKET SEGMENTATIONThe market is segmented based on product type, devices, application and geography.NFC MARKET BY PRODUCT TYPENon-Auxiliary ProductsNFC ChipsNFC TagsNFC ReadersAuxiliary ProductsNFC-enabled Mobile SimOthers (NFC cover & cards)NFC MARKET BY DEVICESSmartphone & TabletsPC & LaptopsOthers (Infotainment and Stereo Headphone)NFC MARKET BY APPLICATIONMobile/Contactless PaymentInformation SharingUser Authentication & Access ControlsMonitoring Healthcare SystemsOthers (Service Initiation, Ticketing, Advertising/Marketing Inventory Management)NFC MARKET BY GEOGRAPHYNorth AmericaEuropeAsia-PacificLAMEAKEY PLAYERSInfineon TechnologiesApple Inc.NXP SemiconductorsSamsung Electronics Co. Ltd.Sony CorporationToshiba CorporationBroadcom CorporationTexas Instruments Inc.STMicroelectronics N.VInside Secure
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