Global Near Field Communication Market 2022-2026

Global Near Field Communication Market 2022-2026

Technavio has been monitoring the near field communication market and it is poised to grow by $ 18.46 bn during 2022-2026, decelerating at a CAGR of 12.81% during the forecast period. Our report on the near field communication market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising penetration of NFC-based contactless payment and growing investment in ICT. In addition, the rising penetration of NFC-based contactless payment is anticipated to boost the growth of the market as well.

The near field communication market analysis includes the device segment and geographic landscape.

Technavio's near field communication market is segmented as below:

By Device

• Reader/writer mode
• Card emulation mode
• Peer-to-peer mode

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• MEA

This study identifies the growing number of smartphone usersas one of the prime reasons driving the near field communication market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on near field communication market covers the following areas:

• Near field communication market sizing
• Near field communication market forecast
• Near field communication market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading near field communication market vendors that include ams AG, Avery Dennison Corp., Broadcom Inc., Flomio Inc., Intel Corp., NXP Semiconductors NV, Qualcomm Inc., Sony Group Corp., STMicroelectronics NV., and Texas Instruments Inc. Also, the near field communication market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

ams AG, Avery Dennison Corp., Broadcom Inc., Flomio Inc., Intel Corp., NXP Semiconductors NV, Qualcomm Inc., Sony Group Corp., STMicroelectronics NV., Texas Instruments Inc.