Near Field Communication Market, Global Outlook and Forecast 2024-2031
The global Near Field Communication market was valued at US$ 25870 million in 2023 and is projected to reach US$ 47860 million by 2029, at a CAGR of 9.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Near-field communication also known as near-field wireless communication, is a short-range, high-frequency wireless communication technology that allows non-contact point-to-point data transmission and exchange of data between electronic devices.
This report aims to provide a comprehensive presentation of the global market for Near Field Communication, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Near Field Communication. This report contains market size and forecasts of Near Field Communication in global, including the following market information:
- Global Near Field Communication Market Revenue, 2019-2024, 2024-2029, ($ millions)
- Global top five companies in 2023 (%)
The retail industry is one of the most prominent applications of the market owing to the growth of mobile commerce and cashless transactions worldwide.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Near Field Communication companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Near Field Communication Market, by Type, 2019-2024, 2024-2029 ($ millions)
Global Near Field Communication Market Segment Percentages, by Type, 2023 (%)
- Card Emulation
- Reader Emulation
- Peer-to-peer
Global Near Field Communication Market, by Application, 2019-2024, 2024-2029 ($ millions)
Global Near Field Communication Market Segment Percentages, by Application, 2023 (%)
- Retail
- Transportation
- Automotive
- Others
Global Near Field Communication Market, By Region and Country, 2019-2024, 2024-2029 ($ Millions)
Global Near Field Communication Market Segment Percentages, By Region and Country, 2023 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Near Field Communication revenues in global market, 2019-2024 (estimated), ($ millions)
- Key companies Near Field Communication revenues share in global market, 2023 (%)
key players include:
- NXP Semiconductors
- Broadcom
- Stmicroelectronics
- Mediatek
- Gemalto
- Huawei Technologies
- Inside Secure
- Samsung Electronics
- Texas Instruments
Outline of Major Chapters:
Chapter 1: Introduces the definition of Near Field Communication, market overview.
Chapter 2: Global Near Field Communication market size in revenue.
Chapter 3: Detailed analysis of Near Field Communication company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Near Field Communication in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
