Near Field Communication Market Manufacturers, Type, Application, Regional Forecasts, And Size and Share Analysis
The global Near-Field Communication (NFC) market size is expected to reach USD 87.53 Billion in 2032 and register a steady revenue CAGR of 14.2% during the forecast period, according to the latest analysis by Emergen Research. Increasing adoption of wearable technology is a major factor driving revenue growth of the market. Activity trackers in the sporting goods sector as well as companies that provide high-end fashion accessories are driving expansion of wearable technology. Near Field Communication (NFC) and wireless charging technology are rapidly being incorporated with built-in connectivity technologies such as Wi-Fi and Bluetooth in wristbands. NFC is used to make contactless payments utilizing EMVCo-compatible technology. Undoubtedly, it is convenient to be able to make purchases without having to take out one's wallet or to go for a run without having to bring a phone or wallet. Wearables are increasingly using wireless charging. These devices batteries need to be often recharged. The ability to wirelessly charge the device is innovative for the wearable sector since it eliminates the need to bring a charger or go home.
The research Near Field Communication Market report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2020-2028. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.
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The leading market contenders listed in the report are:
NXP Semiconductors, Broadcom, Qualcomm Technologies, Inc., Texas Instruments Incorporated, STMicroelectronics, Samsung, Renesas Electronics Corporation, Intel Corporation, Toshiba Corporation, and ams-OSRAM AG
The research study examines historic. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
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Market Overview:
The report bifurcates the Near Field Communication market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Device Operating Mode Outlook (Revenue, USD Million; 2019–2032) Reader Emulation Peer-to-Peer Card Emulation
Offering Outlook (Revenue, USD Million; 2019–2032) Non-Auxiliary Products NFC ICS & Antennas NFC Tags NFC Readers Auxiliary Products NFC Micro SD Cards NFC Covers Software
Application Outlook (Revenue, USD Million; 2019–2032) Retail Product Identification Transaction Transportation Ticketing Access Control Automotive Low-End Mid-Range High-End Residential & Commercial Physical Access Time& Attendance Automated Locking System Smart Lighting Medical & Healthcare Medical Devices Access Control Consumer Electronics Wearable Devices Mobile Phones/Tablets Laptops/Personal Computers Cameras Printers Gaming Devices Others Banking & Finance E-Money Services (POS Machines) Multiforex Cards Hospitality Access Control Transaction Others Education Government
The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
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Regional Analysis Covers:
North America (U.S., Canada) Europe (U.K., Italy, Germany, France, Rest of EU) Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC) Latin America (Chile, Brazil, Argentina, Rest of Latin America) Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key reasons to buy the Global Near Field Communication Market report:
The latest report comprehensively studies the global Near Field Communication market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share. The report offers an insightful analysis of the regional outlook of the market. It offers a detailed account of the end-use applications of the products & services offered by this industry. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion. Latest Published Reports by Emergen Research: https://www.emergenresearch.com/industry-report/industrial-fabric-market/market-size https://www.emergenresearch.com/industry-report/industrial-fabric-market/market-share https://www.emergenresearch.com/industry-report/industrial-fabric-market/market-trends https://www.emergenresearch.com/industry-report/industrial-fabric-market/regional-market-demand
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